Wednesday, July 02, 2008

Advising: How Much Is - Too Much or Too Little ?

Speaking with an accountant client, the subject comes up that the economy is tightening up and small business are starting to feel the pinch. I'm sure they are, and what is more, I'm sure it isn't going to get better any time soon!

When small businesses report difficulty, then it is likely that that's when it becomes very clear, that the broken parts of their business are going to be come apparent. When the bills stop getting paid and the wages bill becomes an issue to pay, and the rent is past due, it is going to be all too clear that the business is suffering a systemic failure and all it's 'vital organs' are going to be affected.

Too bad. From an accountant's point of view, that is the time when the client also doesn't have the money to pay for help out of the situation. When your business is falling apart, what will you do to fix your business? Who will you turn to, and how will you pay them? ...Or does it follow, as some small business people seem to think... that someone should help them out of it (even if it is possible) with no real prospect of being paid for their efforts?

That the accountant wasn't assisting to manage the business and avoid this mess, is another issue for another post.

It can't stressed enough, that the time to get help in your business is before it is on the verge of collapse!.

Any time is a good time to get a review done of how your business is travelling. Do it it often! There is never a time that people typically "want" to spend money on preventative measures to ensure the health of their business. Nevertheless, that's probably the only time someone can help.

Thinking Of Getting A Business Coach?
Lindy Asimus

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