Your business capital is not just a number. It is the lifeline of your business. If you use your business capital wisely, you are going to win in the long run. Mostly startups fail at this game and lose. Even if you know how to invest your capital, you may get baffled when your business begins to make money, real money. This money is not just a number either. It is your sweat, your dream, and your blood. Hence, you must handle your business finance with care. Most business owners realize the need to hire a business finance expert when their business begins to make some movement, in the opinion of Scott Tominaga, a financial expert who helps businesses with investment and financial plans. However, the problem arises when the search begins. Who do you choose? There are too many business finance experts are around. The vastness of availability does not always make selection an easy process. So, how do you pick the right expert for your business? Let’s take a quick look at it.
Scott Tominaga Encourages ToStart With the Why
Why do you need a financial advisor? This is the most essential question that you need to ask yourself. Your why will help you pick the advisor fittest for your business. Do you want a financial advisor to organize your accounts? Do you need one because you want to expand your business? Or, do you need an expert just because it makes you look good? Think about it before posting your requirement online.
Credentials Matters, But Experience Counts More
Of course degrees speak a lot. The financial advisor you hire needs to possess credentials. Certificates are important. However, when it comes hiring someone, you need to look at their experience as well. Financial advisors need to prove that they have handled business financial planning before and that too successfully, says Scott. Don’t fall for fancy certificates and glossy college degrees. Often war hardened experience works better than anything. So, take a close look before hiring anyone.
Compatibility Is Not Optional
When you are looking for a financial advisor, you need to see whether you are compatible with them or not. It is important to go along with your financial advisor because they are going to deal with a lot of your business stress. This is why, compatibility is just not negotiable here.
Look for Someone Who Can Grow With You
Your financial needs will change with time. What you need today may look totally different six months down the line. So you need someone who does not just have the skills for your present, but the mindset for your future as well. You don’t want to be back at square one finding someone new every time your business expands.
This is not about who can arrange numbers the fastest in the opinion of Scott Tominaga. Or who worked with the big brands. It is about finding someone who treats your business like it matters. Treats your win is their win. It might take a little while to find an advisor like that. It is fine to wait than settle for just about anyone.
