Why your accountant is the mentor you didn’t know you needed

Posted 28 Apr '23

Why your accountant is the mentor you didn’t know you needed

A business mentor can provide guidance and support to enable you to make the right decisions, and to help you stay focused on the end goal as a business owner. They can also help you move forward in your career by providing advice and feedback on what steps to take to reach the pinnacle of success.

But have you ever thought of your accountant as a mentor?

Why your accountant is the ideal mentor.

Having someone who understands your business journey is incredibly important. You might see an accountant as someone who simply files your tax returns. In reality, we are experienced business owners with access to a significant network of other professionals. Other than you, nobody knows your business better than us, so we are perfectly placed to offer advice and guide your business journey.

As a mentor, your accountant can:

• Expand your knowledge as a business owner and entrepreneur – as business owners ourselves, we have the knowledge and experience to help you move your business forward. We can work with you to expand your leadership skills, business thinking, and entrepreneurial ideas.

• Be a shoulder to lean on – we are always available to listen to your unique worries and concerns as a business owner and to assist in brainstorming possible solutions. Having someone on the same page to listen and empathise is vital for your business and your own mental health.

• Guide the important elements of your business – we can help you manage and improve your business strategy, planning and decision-making skills. We also provide the management information systems you need to guide your finances and planning.

• Keep your finances on track – we can show you how to maximise profits, reduce costs, and make better financial decisions.

• Introduce you to a broader business network – we work with hundreds of other business owners across a range of industries. This means that we can link you up with other entrepreneurs and founders, so that you can have a network of other like-minded individuals to connect with. This can be vital when brainstorming and benchmarking, or if you need to talk to someone who understands the specific pain points you are experiencing.

Having someone to guide your business journey can be invaluable. If you want to grow as an entrepreneur or business owner, come and talk to us about how we can guide your business future. Contact your WDF team member on 02 6921 5444 or email accountants@wdf.com.au

 
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Providing carefully tailored accounting solutions in business advisory, tax compliance, bookkeeping, Self-Managed Super funds, and more.