Label Printing
Label Printing Business Tip #13:
Get your advisors together. As business owners it’s good to have a team of smart advisors supporting you. Having a team consisting of a great CPA, attorney, banker, insurance broker and financial advisor can be a true strategic advantage, given one critical factor. They all need to understand and support the advice and counsel the other advisors are giving you. For example, if your CPA is giving you tax advice that’s contrary to the financial plan your financial planner is executing for you, trouble lies ahead.
Once a year, get all of your advisors in one room and talk about where you are taking your business, how you want to exit, and key moves that need to be made in the coming year. Have them all outline their strategies and advice for getting you there, and adjust those strategies so that the plan is a cohesive one. When you do this, you’ll truly have a team of strategic advisors working for and with you.
Label printing advisors are the same as those listed above, and we’d also include some industry experts. Consider doing the same for your business. Is there someone whose inside industry knowledge would be helpful to you in growing your business? Would they be better able to advise you if they heard how your ‘team’ is helping you? If so, invite them to participate. If need be, bring them in via conference call or video conferencing – something you can do with any of your advisors.
I’ve suggested this to companies in the past, and $$$ always pop up. ‘This could be a really expensive meeting’, is a sentiment I’ve heard more than once. True. However NOT getting them together often times proves much more expensive in the long run.
Label printing business tip #14 – next time!
