Your Accountant as Your Consultant, Coach and Mentor
October 31st, 2021
Posted in: Tips & Insights
Having an accountant as a consultant for your business as well as someone to do your accounting and taxes is a fabulous idea to keep your business healthy. Having your accountant as a coach and mentor as well is an even better idea.
Take Consulting to the Next Level
The traditional role of a consultant is to, well, consult. Your accounting consultant will give you advice and help you figure out what you’ve been doing and where your business should be going in the future. Taking it one step further with coaching and mentoring takes it to the next level, though. A coach and mentor will guide you along the steps on the path, and hold you accountable for doing the things you need to do to get the results you want to get.
Get the Benefit of Hearing About Many Other Businesses
One of the big benefits of having your accountant work as your coach and mentor as well is that they can give you advice from seeing many businesses, and what works and doesn’t work for all these businesses. One person can only think of so many things; a person who works with many people is exposed to far more experiences and ideas. Not every idea will apply to you, but there are many ideas that are universal in business.
Stay Accountable!
Another benefit of your accountant coaching/mentoring you is that you are accountable to someone else. One thing that is almost universal for business owners is that they are BUSY! It’s easy to get caught up in running as fast as you can to keep your business thriving. Having a regular meeting with someone outside your business to discuss your progress on your plans for your business is likely to keep you doing the things on your business plan to-do list.
You Don’t Have To Go It Alone
Mentors and coaching help you make a plan, make decisions about the future of your company and your career, achieve your personal and business goals, and support you in making plans and achieving your goals. Nobody has to go it alone as a business owner; bringing in outside experts is nothing but good for your business.
For more detail, here's an article on coaching and mentoring. And here is a video on Five Lessons My Mentors Taught Me.
Contact Shaw & Associates Chartered Accountants for accounting help you can count on. One complimentary meeting with us will put you and your business on a more profitable and positive path.