Seeking Advice from Qualified Experts Can Save You Time and Money

Owning or running a small business or startup is no easy feat. Business failure rates are quite grim. About one-fifth of small businesses fail within their first year. Only about half of all small businesses make it to the end of their fifth year. Two-thirds of small businesses shut their doors before they reach their 10-year anniversary. The good news is that many of the problems that lead small businesses to fail are preventable. One of the best ways to ensure that your business has the best chances of continued success is to seek advice from seasoned experts. Having the foresight to ask for advice in advance can help you avoid problems for years to come.

A Certified Public Accountant (CPA) Can Help You Avoid Crucial Tax and Bookkeeping Errors

Many small business owners and business leaders place too much emphasis on the word “small.” They assume that because their business is not a large corporation with dozens of employees, they can handle most business decisions independently. However, seeking advice from experts is valuable regardless of your business’s size. A certified public accountant can help you choose how to minimize your tax liability and select the business structure that will save you the most money. Once your business is started, a CPA can offer valuable advice about tax planning and compliance, accounting, and other financial matters. This can help you avoid expensive, stressful, and time-consuming tax problems in the future.

A Marketing Expert May Be Key to Growing Your Business

The vast majority of consumers now use the internet to find information about local businesses. Whether it is discovering a new restaurant, buying a used car, or finding a trustworthy computer repair technician, almost everyone uses online search engines when choosing how to spend their money. As a result, more and more businesses realize the importance of maintaining a robust online presence. Unfortunately, as more companies develop online marketing strategies, making your business stand out from the rest becomes harder and harder. A digital marketing specialist can help you optimize your business’s website, rise higher in search engine results, monitor your online reputation, and most importantly, attract new customers.

Legal Advice is Essential to Your Business’s Success

Any business leader can tell you that owning or managing a business involves navigating a complicated sea of laws and regulations. Therefore, the importance of seeking qualified legal advice cannot be overstated. If your business is not yet large enough to support an in-house legal professional, a smart alternative is to work with outsourced general counsel. This unique option allows you to work with a business law attorney on a regular basis and to address problems as they arise. Your lawyer can help you with everything from acquisitions to employee concerns to zoning issues.

Get the Help You Need

Seeking advice from experienced experts is one of the best ways to set your small business up for success. Qualified legal counsel can help you avoid legal mistakes that make your business vulnerable to lawsuits and compliance mistakes. A certified public accountant can assist with tax planning and smart financial decision-making. A digital marketing specialist can ensure that your business is optimized for the modern consumer. This list is not exhaustive, and the guidance you need will depend on your specific business and circumstances.

To learn more about our outsourced general counsel program or to address other business law needs, contact an experienced Naperville business law attorney at the Gierach Law Firm. Call 630-756-1160 for a confidential consultation today.

Sources:

Business News Daily

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