What Questions to ask before hiring a Small Business Advisor?

What Questions to ask before hiring a Small Business Advisor?

Unsure what way you should steer your business in? Need advice and insights into your industry before you spend your life savings on a business? Want to get the most out of your small business advisor, but not sure how to?

We at Perth Tax People understand that meeting with a Small Business Advisor can be quite overwhelming for new business owners and even experienced business owners.

Searching for the right Small Business advisor in Perth is the best thing to do first. Whether this be online, asking friends for referrals or looking in your local business directory. You need to make sure the business advisor has had hands on experience with dealing with clients in your industry. You ask them for proven results and reports on their successful clients. You need a full scope of how a small business advisor can help your business and you also want to be able to set realistic goals and accomplish them.

So if you’re unsure what to ask them in that initial meeting the team at Perth Tax People have come up with a simple list of questions to ask your business advisor to make sure your business is on the right track:

Q1: How can you help the business to succeed?

Q2: How should the business be structured?

Q3: Can you please provide me with relevant industry insights for my new business?

Q4: Can you please recommend any professional associates such as accountants and marketing that will help my business to grow?

Q5: When will I receive updates about our business, growth and financials?

Q6: What goals should we be aiming for? Are they realistic?

Q7: When are Business Tax Returns due?

Q8: Can you guarantee success?

Q9: Will you sign a confidentiality letter?

Q10: How can this business grow and be successful in the next 5 years? Where do you see it headed?

If you ask all or at least some of these questions to your Small Business Advisor, you will get the relevant knowledge and assistance needed before investing in a business idea. You will be able to better understand all the ins and outs of your business, as well as the role of your small business advisor.

If you still need help or want to talk to very experienced Small Business Advisors, please call 1300 751 700. We provide free advice and free consultations for all new business owners. We also provide small business accountancy services in Perth. Get in touch with us today.

Nilesh Vasoya

Nilesh Vasoya

Nilesh Vasoya is a CPA and experienced business advisor with 15+ years’ experience in accounting and tax, and certifications from NTAA, ICAI (India). He is also a Registered Tax and ASIC Agent. Nilesh specialises in financial reports, cash flow, taxation advice, internal audit, account reconciliation, and advice for small businesses on maximising XERO, MYOB, and QUICKBOOKS. He is experienced in developing strategies for growth within small-medium scale companies.

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