If you are a small or medium-sized business owner you are busy 24 hours a day, 7 days a week and 365 days a year. Business owners eat, drink and breath their company because it is the only way to keep it going and the ‘buck stops with you’. Most business owners have put all of their family’s financial hopes and dreams into this singular venture so it should come as no surprise that you lose sleep now and then!

You may now be at a crossroads where you need to delegate some of the fiscal responsibility to a consultant, perhaps because it is becoming too complex and you do not want to make a mistake that will bring the IRS or similar organizations to your door. As you prepare to select the business consulting company you would like to collaborate with, there are a few questions to ask that may help you in the decision-making process.
• What is your pay structure? Ask the consultant for a portfolio that iterates a full array of their costs and service options. This will help you determine if there is a possibility of working with this consulting firm. While most companies will include some of this information on their website it generally requires a face-to-face meeting to identify the specifics.
• What software do you use? Sometimes a consulting firm will set up accounting software in your business so that information easily synchronizes. But if that is not possible, you should be sure that you and the consultant are able to communicate easily – sharing spreadsheets and other documents as needed.
• Explain your security systems. Unfortunately, hacking is rampant today. You will want to know the digital security that is in use and how paper documents are also protected. Security is a key issue when it comes to ensuring the privacy of your business finances.
• Are you able to provide services regarding company metrics and standing in the industry? If you are going to hire a consulting firm it is important to know what they can do for you as you attempt to position yourself for the future. The aim is to continue to grow but taking the time to investigate the specifics of this process may not be a possibility and as such you could be missing out on valuable and rewarding possibilities.
If you are in the market for a business consulting firm, contact the experts at ORT Consulting.