5 Types of Professional Advice Every Business Owner Needs

All business owners can benefit from hiring experts to help give advice – even the biggest tycoons realise that they aren’t know-it-alls and that their business know-how only extends so far. Here are just five areas in which professional advice can come particularly in handy.
Financial advice
Whether you need advice on your taxes or need help trimming business costs, a financial advisor can come in handy for helping manage your money. Many financial advisors charge an hourly fee and may even be able to give you advice over the phone. In order to hire the best advisor, you should always do your online research to check what previous clients have to say about them or what qualifications/awards they may have. You can also hire an accountant to play a more hands-on role when it comes to filing your taxes and ensuring that there are no mistakes.
Legal advice
Corporate lawyers can be handy for negotiating the complex world of business law. If you want to avoid legal trouble with an employee or customer, a solicitor can offer their advice and help take steps to prevent legal action being taken. They can also fight your corner if someone has already filed or lawsuit against you or if you want to file a lawsuit against someone else. Solicitors can also help when it comes implementing trademarks, writing contracts and managing other legal tasks.
HR support
If you’re hiring employees for the first time, it could also be worth talking to a HR consultant who can take you through the steps. Outsourcing HR support can also be handy when it comes to difficult customer issues or simply familiarising yourself with laws. You may even be able to hire HR professionals to take out-of-hours queries from employees, write up rotas and even help with recruitment and training.
IT consultancy
Digital technology is constantly advancing, and new programmes and tools are constantly being developed to improve efficiency. IT consultants can advise you on the best software to use and find ways of improving security and communication. You can even use some IT support companies for help with bugs and glitches rather than having to get a technician to come to your office. As with other advisors, you should do your online research to find a company that is credible.
Marketing advice
Marketing advisors can also be useful for helping you to promote your business more effectively. General marketing consultancy companies may be able to take an overall look at your brand and suggest improvements. Specialists meanwhile can help with niche areas such as social media, SEO and event marketing. Hiring a marketing consultant could be cheaper than hiring a hands-on marketing company as it allows you to do your own DIY marketing with their guidance, but you should ensure that the company is trustworthy and that they have a good online presence themselves.