Research reveals 'pressing need' for business advisory


We recently came across an interesting, yet not surprising, article on the need for SME businesses to receive business advisory services. An extract of the article is below: 

New research has suggested that the time-poor nature of small business leaves them with a pressing need for business advisory services.

According to Findex chief of adviser services Michael Wilkins the Small Business Research Report, prepared by research house BStar for the SMSF Association, reaffirms the 'trusted adviser' approach necessary to effectively cater to clients.

"The key findings of the Small Business Report include small business owners being 'time poor', suggesting there is a pressing need for professional advisers to provide 'specialised business advice services' for both their business operations and personal finances, which are usually more intertwined [with] the smaller the business," said Mr Wilkins.


Mr Wilkins added that the most concerning finding of the research was that four out of 10 business owners surveyed revealed that they did not know who to turn to for advice on improving their business.

"Interestingly, and alarmingly, this same sentiment flowed to the issue of who to turn to for professional advice on the subject of retirement planning," he said.

Certainly at Champion's this is something we focus on with our clients and our Director's have many years of experience with.  When new clients come to us this is by far there biggest pressing need and we can really add value and help improve a business.

If you or anyone you know could benefit from business advisory services please let us know or we would be grateful if you could pass on our details.


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