In Godfreys Law’s recent podcast, Noel MacDonald from Oxygen8 Consulting talks about how the business Success Programme starts with the owners Personal Goals and then sets about building a business that is all about achieving those goals. Noel says it’s not easy, takes hard work. time and a change mindset but the programme and support from a trusted advisor like Noel dramatically improves the chance of success.
In his opening remarks the host comments on how being a small business owner can be one of the loneliest jobs in the world. It’s hard to find someone on your side and objective enough to have a productive conversation about your business. Some people may turn to their partners for advice. However, their partners may have different commercial experiences. They may also be too involved to provide an unbiased perspective.
So what should a business owner do? You discussing these things with your team members may lead to a conflict of interest. You can seek guidance from your accountant, lawyer, or banker. However, they may not fully understand the challenges faced by your business. That is where an independent business advisor comes in handy. Having a trusted advisor who is on your side and holds you accountable can help you navigate the challenges of running and growing a small business.
Noel states that an independent Oxygen8 business advisor is a trusted professional. They guide and support small business owners. They have a wide skill set built on experience. They understand the complexities of running a business. They provide unbiased advice to help you make better decisions. They can help you identify your strengths and weaknesses. They can develop strategies to grow your business. They can also offer an objective perspective on your operations.
One of the key benefits of having an independent business advisor is that they can act as a sounding board for your ideas. They can provide you with feedback and suggestions for improving your business model. They can also help you identify potential risks and opportunities you may have yet to consider.
We recognise that running a business can be stressful. It’s very easy to get caught up in the day-to-day operations of your business. An advisor will help you prioritise and delegate your tasks to manage your workload. This way you can focus on what’s important and better manage your stress levels.
Having an independent business advisor will hold you more accountable for your actions. They can challenge you to think outside the box and take risks and make the bold decisions that will take your business forward.
In conclusion, running a small business can be a lonely and stressful experience. It’s not easy to find someone who is both supportive and objective. You need these qualities to have productive conversations about your business. An independent business advisor can provide the guidance and support you need to navigate the business’s challenges. They can act as a sounding board for your ideas. They hold you accountable for your actions.
If you’re a small business owner, consider hiring an independent business advisor from Oxygen8 Consulting. They can help you achieve your goals.
Just reach out for a no obligation meeting.