When you are searching for advice on how to manage specific parts of your business, it can be wise to seek an advisor to advise you. But, hiring the incorrect advisor can lead you down a long and annoying path that can even result in losses for your business.
Here are some tips by Ahmad Ashkar to follow on what all entrepreneurs should keep in mind when looking for a business advisor:
- Look for someone who has familiarity executing instead of someone who only has knowledge. A lot of advisors are professionals in their field, but not a lot have built products and companies from the beginning. Finding an advisor who knows what it takes to execute is very valuable. And do not restrict yourself by thinking someone is unattainable or unreachable due to their status or achievements.
- It is important to make out what you are searching for in a business advisor and if they can offer value in the area you are searching for. There are several great advisors out there, but it is hard to find the right one without defining what success with the advisor looks like. By doing this, you are more likely to have a successful and mutually positive engagement with a business advisor.
- One tip that all entrepreneurs must remember when seeking a business advisor is to be clear on what their requirement is. People like assisting others, but they do not enjoy misusing their time. When you are clear on what advice or counsel you require, your advisor will see that you are respectful, serious, and professional and be eager to assist you again in the future. In this way, you build a relationship with this person and you can tap into their proficiency as your business develops. Additionally, you also should be eager to help them whenever required, whether it is with your professional connections or expertise.
- Find an advisor who shares your obsession. If you want a business advisor who will invest in your ventures, then the worst thing you can do is pursue someone who does not understand your vision. To find a good fit, make sure your candidates have information of your company’s content, pursuits and goals. It can be hard to advise on a project you do not know or understand. You want to find an individual who can join with you and share your obsession. Also, having someone who knows the business can make it easier to spot any shortcomings and enhance upon the business tactic. It is best to have someone who knows what they are doing and can match your interest. Also, you want someone who is interested in your company as a whole genuinely.
Ahmad Ashkar says that before bringing on a business advisor, confirm the level of commitment required on both sides always. After you have determined that a person would be a great business advisor for you, the other side of the coin is to make sure they feel the same way and are prepared to devote their time and effort. Keep in mind that most advisors have other jobs and endeavors they are working on in addition to your business.