Small practice lawyers or chiropractors, for instance, have to wear a lot of hats to run the business end of things. They may wear ALL the hats: CEO, CFO, COO, marketing director, office manager, sales director, and more. It’s a significant challenge to have time for all that. That’s when you need help and advice on business solutions from an outside source.
By nature, many small business or professional practice owners are the hands-on DIY type. You may prefer to be involved in every aspect of the business, from deciding on the brand of coffee to doing the taxes. Plus, you may have difficulty delegating tasks to other people or outside consultants. However, if too much of your time is being spent on peripheral business activities, it may be time to hire a small business consulting service.
Indeed, in the startup or early growth phase of a small business or professional practice, being a jack-of-all-trades is often necessary and unavoidable. However, as your business matures, many temporary or non-core needs are better served by someone other than yourself. Things like ever-increasing and sophisticated information technology, tax codes, and other regulations and legal aspects surrounding your practice can be challenging for you to stay abreast of.
