Experts On Your Side: Three Business Pros You Can’t Live Without

Two of the key focuses of my blog are Financial Literacy and Money, and Business and Entrepreneurship. A major key creating a successful business is hiring knowledgeable and talented professionals in key areas. This contributed post is thus entitled; Experts On Your Side: Three Business Pros You Can’t Live Without.

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It’s tempting and potentially even inviting, isn’t it? The idea that you could run your company without any outside help. But it’s also dangerous. Without expert attention, your business could quickly run into issues that you may not be equipped to handle. An example of this would a problem with tax.

When you’re running your business, you probably think very little about the amount you pay in tax, until that dreaded time of year. At that point, you handle your books as quickly and accurately as you possibly can and more or less hope for the best. Sound familiar? But what happens if a few months later or potentially even a few years, you get a letter from the IRS. There’s something wrong with your records, and they are eager to complete an investigation. Now, you’re in trouble, and if they find a serious issue, you could be hit with a massive fine.

This could have been avoided if you hired an accountant to handle your taxes. Remember, a chartered accountant is an expert so they won’t make any mistakes with your taxes. More importantly, they’ll know how to save you a lot of money, without needing to enter any legally grey areas.

That’s not the only way an accountant could help you out either. But let’s move on and explore two other pros that your business really does need.

The IT Expert

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You do want to make sure that you have an IT professional to handle the computer and technical side of your company. Why is this? A lot of people think that IT pros are there to handle issues when they develop, but this isn’t true. If you use the right service or an IT consulting company for your business, you’ll find you never actually need to handle a disaster. That’s because they’ll focus on preventing them in your business before they could possibly arise. While they can’t predict the future, IT experts can spot when issues are about to develop and get to work on a quick fix.

The Legal Pro

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You probably think that you’ll never fall on the wrong side of the law with your company. But we’ve already given you an example of how this can happen, purely by accident. It’s certainly not the only legal problem you could run into with your business either. You might have dealings with companies in Europe, and if so, it will be impossible to escape the ramifications of the GDPR. Data regulations are actually nothing new though and no matter where you are in the world, you will need to remain compliant with them for your business to stay on the right side of the law.

That’s where a legal pro can help. They can make sure that you are up to date with the latest changes and regulations. They can also help you adapt to ensure that there are no legal issues in your business model. Data protection is just one area where a legal pro can help. There’s also employee management, hiring practices and business to business contracts.

As you can see then, these experts can be all you need to prevent massive disasters in your business model.

Author: anwaryusef

Anwar Y. Dunbar is a Regulatory Scientist. Being a naturally curious person, he is also a student of all things. He earned his Ph.D. in Pharmacology from the University of Michigan and his Bachelor’s Degree in General Biology from Johnson C. Smith University (JCSU). Prior to starting the Big Words Blog Site, Anwar published and contributed to numerous research articles in competitive scientific journals reporting on his research from graduate school and postdoctoral years. After falling in love with writing, he contributed to the now defunct Examiner.com, and the Edvocate where he regularly wrote about: Education-related stories/topics, Science, Technology, Engineering and Mathematics (STEM), Financial Literacy; as well as conducted interviews with notable individuals such as actor and author Hill Harper. Having many influences, one of his most notable heroes is author, intellectual and speaker, Malcolm Gladwell, author of books including Outliers and David and Goliath. Anwar has his hands in many, many activities. In addition to writing, Anwar actively mentors youth, works to spread awareness of STEM careers, serves on the Board of Directors of the Friends of the David M. Brown Arlington Planetarium, serves as Treasurer for the JCSU Washington, DC Alumni Chapter, and is active in the Dave Ramsey Financial Peace Ministry at the Alfred Street Baptist Church. He also tutors in the subjects of biology, chemistry and physics. Along with his multi-talented older brother Amahl Dunbar (designer of the Big Words logos, inventor and a plethora of other things), Anwar is a “Fanboy” and really enjoys Science-Fiction and Superhero movies including but not restricted to Captain America Civil War, Batman vs. Superman: Dawn of Justice, and Prometheus. He is a proud native of Buffalo, NY.