July 15, 2022

Unlock Success with Outside Advisors: Expert Tips & Strategies for Financial growth

At SevenBridge Financial Group, we realize that there are a lot of moving parts when it comes to your business operations. That is why we are here to build the bridge that is right for you.

No matter where you are in your financial journey — whether you are just starting out to achieve your dreams — or are looking for the best ways to manage an effective exit strategy, we are here to help. 

If you have been following along with our blog series, we have been touching on some crucial topics regarding our services. 

Keep reading as we talk about the basics of outside advisors and their importance. 

What is an ‘Outside Advisor’?

First things first, you might be wondering, “What exactly is an outside advisor?”  Let us talk about the definition. 

Essentially, an outside (also known as ‘external’) advisor is a business professional that is there to help improve the performance of your company. 

According to LinkedIn: 

Aligned to the perceived cost of external advisors being a barrier to greater engagement between businesses and external advisors, is a poor understanding by many businesses of the benefits that external advisors bring to any assignment, and the real return on investment, that building a short term or ongoing relationship with an external advisor, can provide.

As you can see from the above, despite the added cost, savvy businesses of all types can stand to benefit from the services of an experienced outside advisor. 

What are some functions of an outside advisor?

Furthermore, it is crucial to really understand what kinds of things a trusted outside advisor can potentially do. Here are just some of them – a trusted outside advisor can: 

  • Work to increase your profit margins
  • Offer new and varying perspectives on many business matters
  • Be substantial proof to your stakeholders of your and your company’s positive mindset
  • Give you a unique opinion with no bias
  • Have the potential to be great sources of knowledge for your board
  • Allow management initiatives to bear more weight
  • Generally provide a more comprehensive base of experience
  • Implement their advanced analytical skills in various situations
  • Be a catalyst for time-saving solutions

Outside advisors can act as the ‘secret weapon’ and ‘ace-up-your-sleeve’ when things get mired, always in your corner offering knowledge to help you achieve your intentions. 

What is the difference between ‘Internal’ & ‘Outside/External’ Advisors?

Thirdly, another important thing to understand is the difference between ‘internal’ and ‘outside/external’ advisors. 

What is an internal advisor/consultant?

An internal consultant is a professional consultant who is already employed within a company and usually works in its human resources department. 

Those in this position may also work with a company's quality control department or any department that handles employer and staff relations. 

Internal consultants may report directly to or frequently work with the company's executive leadership regarding strategic planning.

Sevenbridge Financial Group: Helping You Coordinate Your Outside Advisors & Much, Much More!

Finally, our team of specialists is here to help you do much more than assist you in coordinating your outside advisors. We are here to work as hard to manage your money as you worked to earn it.  

Here at Sevenbridge Financial Group, we also realize that every bridge starts with a blueprint. Our philosophy is therefore engineered to help you move forward using our “7 Bridges”

  1. Always Know Your Worth
  2. Think to the Future
  3. Fully Harness Your Capabilities
  4. Corral Your Council
  5. Reign in That Risk
  6. Ax the Extra Tax
  7. Be Sure to Grow or Go!

Contact us today with any questions about our services, our process, or how to get started with a project. 

SevenBridge Financial Group is a registered investment advisor. Advisory services are only offered to clients or prospective clients where SevenBridge Financial Group and its representatives are properly licensed or exempt from licensure.

The information provided is for educational and informational purposes only and does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. You should consult your attorney or tax advisor.

All information has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information and it should not be relied on as such.

For additional information, please visit our website at sevenbridgefinancial.com

For current SevenBridge Financial Group information, please visit the Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with SevenBridge’s CRD #281037.

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