When should i get a business advisor?
Typical business advisors are engaged when you're starting a new business, are experiencing rapid growth, going through a turnaround, having cashflow issues, wishing to protect assets, wishing to divest business arms, get more capital, and or wishing to sell your business. These are just a few scenarios of when a business advisor would be used to help you.
What is the difference between a business advisor and consultant?
Business consultants typically tend to focus on more thematic issues within a business, and generally do not offer deep specialist advice. Consultants tend to be more broader in nature, with a focus on advice, rather than delivered solutions (subject to the type of consultant). Professional advisors, and specifically those with accreditations, licences, capabilities etc tend to have a core deliverable solution in addition to their advice. For example an accountant, can provide you with advice, but also set up your trusts. A lawyer can provide advice, but also litigate for you. RSC can provide you with advice about capital, but also deliver capital solutions.
What makes a good business advisor?
There are many business advisors in the market today from accountants, insolvency experts, lawyers and finance professionals. However, what really makes a good business advisor, is their ability not just to provide pigeon hole advice but broader advice to help your business grow!
Additionally, great business advisors, should have great networks! Networks that help to rapidly solve your problems, provide unorthodox solutions and more importantly networks to help increase your business revenues!
Anyone can get a degree, a few years of experience and claim to be a business advisor!
But how many have pushed the edge? How many have raised capital, helped with business restructures and created new financial products to provide liquidity to their clients to get them out of trouble?
Not many!
At Royce Stone Capital, because we work with family offices, wholesale investors, PE firms, law firms and a range of business clients we can do things that most business advisors can't! We have networks that most want but can't have.
This is power that comes from being part of the Royce Stone Capital family.
What is the role of a business advisor?
A business advisor usually specialises in a certain field such as accounting, law, finance, tax, etc and their role is to provide specific advice regarding that area. However, many business advisors fail at seeing the broader picture, and how their advice can impact other areas of their clients business. This is why you also need to make sure your business advisor looks at things holistically.
More importantly great business advisors will help grow your business, and will help you to see things that you haven't seen before. As time passes, it is getting harder and harder to find business advisors that have the depth and breadth of real world experience to provide you with such insights. Luckily at Royce Stone Capital, we have just that.
What is the difference between a business advisor and a business coach?
Business advisors focus on key speciality areas to help technical aspects of your business! This may be finance, legal, accounting etc. Some business advisors are general in nature, but most are specialised. Business coaches focus more on the general themes of a business and the psychology of the business owner.
At Royce Stone Capital because of our corporate advisory, business advisory, finance products & investment solutions we are well placed to provide advice across a number of areas. Additionally, we focus on getting you into the psychology of the top half percent, by helping guide you and above all introducing you to our network of family offices and clients doing up to $100m in revenue.
What can a business advisor do?
There are many form of business advisors with different specialities. Some specialise in tax, law, intellectual property, finance and insurance etc. At Royce Stone Capital we specialise in corporate structures for business, corporate finance, debt structures, shareholder negotiations and sourcing of traditional and non-traditional sources of capital.
A great business advisor will help you not just with their area of expertise, but they will you see things different and excel the growth of your business! At Royce Stone Capital, we treat your business like our business, and ensure every door is unlocked for you to reach your full potential.