For my fellow advisors who aren’t sure where to begin offering advisory services, this is your guide. This article serves as a portion of a five-part series that outlines what advisory services are, best practices from expert advisors, and road mapping to help you become more confident. Throughout these guides, you will become more comfortable understanding the difference between the variety of advisory services.
As an advisory offering more than just transactional bookkeeping, you can give advice that opens up possibilities as a manager and business owner. The advice you provide must be clear and actionable, which creates trust.
We have explored different types of advisory throughout this series, including:
What is Process Advisory
I laugh at the visual, but Process Advisory is all about taking out the garbage. You must eliminate the waste within a business to create a clean working system. Labor is one of the biggest leaky faucets within a business. By turning down the drip and directing the labor stream to better organized systems, companies can be more productive. The way to determine if a client has waste is to perform a client evaluation of their operations. During this assessment, you gather a variety of details for the examination.
Process Advisory is like so many other jobs, and attracts a particular type of person. Typically, people who enjoy Process Advisory are naturally creative, problem solvers, and see the necessity for order. It’s easy for me to spot this type because I am one. A family phrase I love to yell across the house is, “Chaos causes confusion and delay.” It never fails – my kids follow this phrase up with their astounding eye-rolling abilities.
Most entrepreneurs are visionaries with endless dreams and possibilities. Unfortunately, visionaries do not always have good follow through when it comes to implementing organizational systems. Advisors who understand that good workflow creates opportunities enjoy this kind of systemized work.
One fellow advisor who also enjoys Process Advisory is Jonathan Bello, founder of One8solutions, a firm that provides QuickBooks® accounting bookkeeping services, and consulting and training on QuickBooks and related apps. Jonathan says his firm defines Process Advisory as this: “We start with a detailed assessment to gather knowledge of every aspect of the inner workings of your business. We don’t just learn about the expenses and revenue; we also learn about what is on the periphery. Numbers tell us half of the story; this client assessment allows us to give you the other half of the story.” Jonathan’s full interview is below.