By Citizens Bank Staff
Who do you turn to when you need business advice? The most successful female entrepreneurs turn to a team of expert advisors. In the 2019 Citizens Bank Women-Owned Businesses survey, leaders of the fastest-growing women-owned companies were more likely than their peers to have a mentor, business banker, financial advisor, or other trusted resource they look to for advice.
See who they lean on:
- A mentor: Few things are as valuable to a business owner as the chance to learn from someone who has worked through challenges similar to the ones you face. Ask your accountant, attorney, or close contacts in your professional network for mentor recommendations. You can also try SCORE or, for entrepreneurs in the midwestern U.S., the Women’s Business Development Center.
- An accountant: A good accountant will do more than help you comply with tax commitments. An accountant who understands your business can flag budding problems, provide advice on purchasing decisions, and build financial projections to help you plan ahead.
- A financial planner: A financial planner considers your business finances as one piece of your overall financial picture. A good financial planner can help you build an investment strategy that supports your goals and aims to reduce your financial risk.
- An attorney: Having an attorney you can consult on contracts, intellectual property, and other legal matters can help protect your business. Strive to find an attorney who understands your industry and has experience working with businesses of your size.
- A business banker: A banker who understands your business and goals can connect you to products and services that help improve your efficiency and profitability. He or she may also be able to recommend other business experts, such as an accountant or an attorney.