Let Us BAIL You Out
Thanks to the NC Community College Small Business Centers for this acronym: BAIL.
It stands for Banker, Accountant, Insurance agent, and Lawyer. These are the advisors critical to a small business. (I would add a financial advisor to the list as well.)
It is invaluable for a small business to have trusted advisors who know your business and can jump in with advice at a moment’s notice. Aside from professionals like financial planners, commercial bankers, commercial insurance agents, and CPAs, it is smart to know other entrepreneurs in different stages of business.
The best time to meet these folks is before you need them!
Most business owners are happy to share their stories, triumphs, and lessons learned. Don’t be afraid to reach out on LinkedIn or ask your existing trusted advisors for recommendations and advice.