Top Eleven Experts You Need for your Business

Provided by Kristin Robertson

In my practice, I see that the best run and most successful businesses gather a team of Trusted Advisors to guide them as they grow. It would be my pleasure to help you build this team of Trusted Advisors to direct you on your journey. I am a member of Exit Planning Exchange (XPX) Austin, a professional community of trusted advisors that collaborate to help their clients build business value, transfer ownership, and create a legacy of success in their lives and their communities. The members of XPX Austin have been granted membership based on their reputations within the community, their integrity and ability to deliver high quality services.
The following is a list of the Top Ten Experts, all of which are represented in XPX Austin, that you need to guide your business to success.

1. Business Operations Coach
It is difficult to run a business without a methodology to help you set a vision, execute the vision with discipline and focus, and hold your people accountable to expectations, while also building healthy teams within one’s organization.

Real-Life Example
After 17 years of growth and success, a business owner realized the company's future growth  required a new level of accountability within her organization, including a better way to manage progress toward goals through smarter metrics. This executive’s business adopted the Entrepreneurial Operating System (EOS) to provide the framework for increased growth, greater customer satisfaction and employee retention. The result was a 25% increase in sales and 100% client retention.

Signs that you need this expert

• Your revenue or profits are no longer growing
• Your employees are not accountable to your expectations
• Your best employees are leaving the company for other jobs
• You do not track the right metrics to properly manage the business
• Your sales have increased but your operations cannot keep up with the higher demand

               
2.   CPA/Finance/Bookkeeping
Every small business needs a CPA to do their taxes. Without this licensed expert to back you up with the IRS, a small business is at risk both financially and legally. Mid-sized businesses additionally need a finance expert to guide them with larger purchases, advanced financial analysis and to provide expertise with mergers and acquisitions.

Real-Life Example
When she first started her business, a small business operator did the bookkeeping, payroll, and taxes all-by-herself. As her business grew, she knew that she needed to delegate these responsibilities. When she received a threatening letter from the IRS regarding details on her tax return, she immediately contacted a CPA. The CPA recommended a bookkeeping service and a new cloud-based accounting system, successfully resolving the issue with the IRS. This owner’s business is continuing to grow, due in no small part to the time she has now to focus on other parts of the business.
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Signs that you need this expert

• You are doing your company’s taxes yourself
• You are considering a major acquisition and need a financial expert to guide you through the process
• You have received notifications from the IRS about irregularities in your organization’s tax return(s)

​3.  Banker
In addition to basic checking and savings account, businesses also need loans and mortgages, credit/debit cards, merchant services, basic investment services such as CDs and other services such as safe deposit boxes. Small Business Loans (SBA) loans are backed by the government and are offered with attractive terms.  It's important for any business to have a strong relationship with the appropriate banking professional.

Real-Life Example
A small business owner needed to invest in several new, highly customized and expensive trucks to serve his growing business. He was able to secure an SBA 7(a) loan to fund his investment in new equipment.

Signs that you need this expert
Contact a banker when you need:

• Checking and savings accounts
• Credit/debit cards
• Lines of credit
• Investment funds to grow your business

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