There are two main sides to every business. These are; the Front End of the business, and the Back End of the business. The Front End of a business encompasses the products a company sells through direct contact with customers. On the other hand, the Back End of a business encompasses how efficiently internal staff is coordinated in order to deliver quality service via the Front End. The only way to build a sustainable company is to ensure that both of these components function in perfect balance. This is because paying close attention to customer satisfaction is key to generating profitable sales, whereas profitable sales are necessary in order to maintain a staff that can continue to execute a company’s given business model.

Three’s Company:

If all of this sounds like it requires teamwork, that’s because it does. One of the most important ingredients to the success of a business is assembling strong teams, and efficient systems. Having the right people on board as you forge ahead with entrepreneurship makes a world of difference as your company begins to face routine challenges that come with growth. Even though business is dynamic, and every company operates under unique circumstances, there are actually three specific individuals that should always be a part of the team regardless of what industry you do business in. These three professionals are:

1)     A Lawyer:

No matter what it is you sell, chances are that you will have to comply with rules and regulations that govern your business practices. A good business lawyer is supposed to chart the way forward through all the bureaucracy it takes to set up shop. A good lawyer should:

·        Have a valid license and spotless history.

·        Be able to make time for you.

·        Have the competence to advise you on a variety of topics such as contract law, employee rights, accounting, taxes, licensing, zoning rules, bankruptcy and so on.

2)     A Banker:

Choosing the right bank to do business with might sound like an idiot-proof decision, but banking can become complex as a business begins to deal with high volumes of transactions. Instead of just choosing the first banking institution that comes to mind, find a bank which offers services that are likely to suit your needs well over time. For example:

·        Choose a bank that provides you with credit and logistical convenience.

·        Choose a bank that readily provides informational resources because your company will need plenty of advice along the way.

·        Choose a bank with affordable service fees.

3)     An Accountant:

Accountants are the single most essential advisors to a company. This is because they are responsible for coordinating financial activity, and financial activity is the central reason why people go into business in the first place. Whether or not you think your company needs an accountant in the present, the more your business grows, the more inevitable it is that your operations will need to be streamlined by an accountant. The sooner you find a good one, the better off you will be. A good accountant should:

·        Have extensive experience that is relevant to your industry.

·        Be currently certified.

·        Be trustworthy and ethical. If you have reason to question an accountant’s integrity, do not engage their services.

Far beyond any professional a company will ever employ or work with, lawyers, bankers and accountants are specifically positioned to offer guidance that is indispensable to the survival of a business. This is why you should never cut any corners when it comes to forming relationships with these three specialists. Take your time, do the necessary groundwork, and find people with strong performance records and trustworthy records. You’ll definitely thank yourself in the long run. If you like what you just read from our blog, you’ll love the various informative workshops and events listed on our website and social media. Whether you’re interested in personal development, or overall improvement of your business, give us a call at 1 (888) 823-7757 to find out how The RISE Programs Academy for Business Coaching and Leadership Training can help you break past your daily struggles and start soaring in success.