It often takes many disciplines to run a successful business, so when a company needs advice, it's not surprising if the need includes input from several types of advisors.
This is not only true, but also not least when we talk about family businesses, where tough business meets vulnerable relationships.
If an advisor (perhaps because of past successes) has come to believe that their expertise is a magic silver bullet that strikes at the heart of any company's problems, there's good reason to be very skeptical.
Because there is no such magic silver bullet.
Once an advisor has completed their initial analysis, it will often become clear that the company's problems stem from more than one place and that the need for advice must therefore have more than one focus.
For example, a lagging bottom line can be simultaneously rooted in poor collaboration within the owner family and specific financial mismanagement.
And it's very unfortunate if a financial advisor comes barreling into the business, concludes that there's a financial problem and fires his magic bullet at it without recognizing the importance of collaboration within the owner family.
And it's just as big a problem if the teamwork expert fires his magic bullet at the problems in the owner family and dismisses the problems that may be rooted in a failed growth strategy or its execution in a middle management team.
The responsible advisor
✔️analyserer the problems,
✔️genkender those that are within her own area of expertise, and
✔️vurderer what additional expertise should be brought in to address the company's issues.
She communicates the result of her considerations to the customer.
No silver bullet. No scattergun. No inflated advisor egos.
Click around my website to read about what I can offer. And if I can't cover your full needs myself, I can often put together the right team.
