4 Advisors Your Business Needs for Success

Running a business is no easy task. Most business owners try to do everything themselves. As a business owner you want to run your business the most efficient and effective way possible. The goal of any business is to be profitable and succeed.

I am here to tell that you that don’t have to do it alone.

You should build a team of valued and trusted professional advisors around your business. This will help you become more effective and profitable in the long run. The best way to create this team of advisors is to build relationships with local experts that understand your business needs, expectations and future goals. So many business owners overlook the resources that they have right in front of them.

There are four main trusted advisors that every business owner should have on his or her team to succeed. These advisors consist of Business Banking Service Advisor, Accountant, Attorney and Financial Consultant.

Business Banking Service Advisor

When business owners first start a business, they go into a financial institution to establish their bank accounts. How many business owners do you think look at the person opening their account and say, “Let me make sure I utilize this banker’s expertise to help improve my business”? I can probably tell you very few, if any. This is one of the most important relationships to develop. Your business service advisor can not only assist you with opening your deposit accounts, but he or she can help you expand your business by providing access to additional cash flow. They can provide an abundance of other services to help your business function on a day-to-day basis, such as merchant services, online access to your business funds, networking opportunities and even collaborations. It’s always important to maintain contact with the person who sees your funding on a regular basis.


An accountant is the person who manages your books and could possibly save you money in the long run. The accountant’s main goal is to help you effectively translate the business’ raw data into detailed projections of the business’ financial operating activity. This consists of profit and loss statements, income statements and balance sheets. This also helps business owners manage their tax liability year over year.


Establishing a relationship with a trusted attorney is crucial for all businesses. Every state has its own laws that each business has to follow. Making sure you’re complying with those laws is crucial. A trusted attorney can help you in many different ways, such as with business formation, contract or lease reviews, employee requirements, business success or even business lawsuits.

Financial Consultant

A financial advisor helps you look toward the future of your business. You want a licensed financial advisor on your team to help guide you personally and business wise. He or she will not only help you control your funding to maximize your return, but they can help you make sure you’re fully insured for worst case scenarios. When someone starts a new business, he or she may only focus on making money fast. Thinking about the future is also crucial to running a stable business that will last for many, many years. A financial advisor can help you answer questions, such as, “Who will you leave the business to?”, “What will you do if you find yourself in an unforeseen circumstance that causes you to be out of work for an extended period of time?”, or “When can you retire?”

Businesses are the backbone of our economy. When you succeed, we all succeed. Surround yourself with a team of trusted advisors who will help your business now and in the future.

Robert Boley is a Business Services Advisor at Jeanne D’Arc Credit Union. As part of Jeanne D’Arc’s Business Services Team, Robert is committed to partnering with local businesses to provide guidance, support and financial tools that will help them succeed.

Contact Robert with questions about your business, or a business venture you’re hoping to start.
OFFICE: (978) 703-7982
MOBILE: (978) 421-4644
EMAIL: Robert.Boley@jdcu.com

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