Why Working With Experts Saves You Money (Every Single Time)
A lot of us think we’re experts in everything we do. Whether that’s in our personal lives (like raising kids or choosing the right electricity supplier for our house) or in our professional lives (like marketing our business or doing our own accounts). The cold hard truth is that there are very few people who actually know about these specialised areas in detail.
Some entrepreneurs will try and go out on their own. Some think they know better than experts or are skeptical that they provide any value.
However, experts are absolutely integral in helping us run successful campaigns, businesses and even happy lives. It does not matter what industry you are in – it is integral to work with experts in multiple facets of your business.
Below we will list why it’s incredibly important to work with experts – and, importantly, why it saves you money every single time.
Experts trim the fat
In other words, experts are incredibly efficient. They know what to do, how to do it and when. They are therefore able to trim the fat on the particular tasks that are assigned to them and can do them in a fraction of time compared to laypeople.
Entrepreneurs can try to do specific work related to their business by themselves but it may take them a very long time – especially if they’ve never done it before. Even if they are able to do it, it’s unlikely that they’ll do it right. This is very common in things like building a website or doing one’s own accounting.
Experts have one-of-a-kind perspectives
Experts have seen it all and do what you are trying to do every day all day. They have a tonne of experience and can offer one-of-a-kind perspectives on how to do particular things. They can also also to foresee issues that you may not have even thought of
By working with these professionals, you’re able to obtain key business information that you will need to ensure your company survives and thrives in the future.
Gaining access to this key expertise will ensure that you are able to minimise disruptions when they come around and even take advantage of them when they start changing the game within your industry.
It takes time to become an expert
Lawyers are specialists in law who’ve dedicated at least five years of their lives to intense studying. Doctors are wizards in medicine that performed at least six years of medical school before even walking through the welcome the door of the profession. Accountants gained their expertise in finance through many years of long, hard study. Marketers become experts in their craft after years of study and experience scouring the market to find out what does and does not work in paid an unpaid advertising.
If you do not want to work with an expert, that is absolutely your right. But nobody suddenly wakes up with a detailed know-how of an industry. It can take months to understand why things are done in a particular way and years to get it right. As a business owner, you likely will not have the time to dedicate yourself to absolutely everything, so it will always save you time and money to reach out for expert help when necessary.
Experts can save you from unexpected costs
It may be cheaper at the outset do something like your own marketing or tax returns yourself, but the result will never be the same – and it will likely cost you more in the long run.
Imagine, for example, you try and lodge your own tax declaration and you make a mistake. You are investigated by the Australian Tax Office and it is found that you made a false declaration. A simple mistake, but it’s now led to the government to impose significant penalties against you.
If you had paid an expert in the first place to ensure that everything was correctly done, the situation would probably be very different.
Experts have knowledge – even when they don’t
Let us explain. Experts have a very detailed knowledge of their own industry, but we cannot expect them to know absolutely everything about everything within their industry. The key is – they know where to look most efficiently for the answer to your question. They are specialised in their field, and it is exactly the reason why they are so valuable.
Experts know what information they are lacking, and where they can go to seek that information. For example, you would normally seek advice from a General Practitioner about a health problem. But that General practitioner does not have all the answers, and will therefore refer you to a specialist such as a neurologist or a psychologist or a dermatologist.
At the same time, you may need help with your marketing, but have absolutely no idea what information you need and who you need to speak to. Approach a marketing expert and be prepared to have your world opened up with answers.
Experts come up with brilliant ideas
The good thing about experts is that they tell us when we are wrong. And they can also tell us when something may work in a different way. They know what works and what doesn’t work, which means they are able to assist you come up with better ideas.
Chances are, as an entrepreneur, you’ve probably had many shocking ideas throughout your life and throughout your career. But that’s nothing to be ashamed of – it happens to everybody no matter what industry they are in.
The thing is – by working with an expert, they can make you stop and take a deep breath, while assisting you come up with better ideas and put the bad ideas back on the shelf. They can also take your hand and walk you along the path to make that idea something great that your clients and your customers will love.
Experts can make you sound legit
In absolutely any industry, it can be very difficult to make a name for yourself. People will generally go to names they recognise and to well-known industry leaders in the field. You will likely suffer from what’s called ‘impostor syndrome’ and you’ll feel like you’ll never be able to get the chance to show of what you can actually do.
But if you are endorsed by an expert, and by somebody who the industry knows and trusts, your business can be legitimised in front of your customers’ own very eyes. This is especially true if they know who that expert is and trust what they say.
Experts can introduce you to new people
Experts know people. They’ve been around and they know who the main players in the game worth knowing are. They will have an extensive network of people they know and who can benefit you and your business.
An expert can get you in touch with another expert, who is likely then to provide immense value to your business. And because they;ve been recommended by an expert, you know that they to worth your time and money.
Your lawyer may know an accountant they trust, and your accountant may know a bookkeeper. Your bookkeeper may know a specialist carpenter, who in turn may know the best plumber in your neighbourhood.
You have absolutely no idea where the network of experts can lead you to.
Experts will make the best people want to work for you
If an expert has legitimised your business, then the best talent in the market is going to want to work with you. It can be very tough for small companies, especially those just beginning, to attract amazing employees who will stay.
But because you’ve made progress with your expert, the best talent is going to be ringing up, showing you their resume and pitching to you why they are the best people to work for you. And that’s all thanks to your expert.
If everything goes to plan, your company will grow its reputation and become known throughout the market as a place that is great to work for. That will not only bring the best performers to your company – it will consistently result in a happy stream of clients who are receiving the best service from you.
Experts can help you all the time
The best value experts can provide is not just simply one piece of advice over email. Experts can help you in the long run and help stabilise your company.
You may have had a profitable month, but the next month you may experience a setback. You suddenly feel the fear that you’re going to go back to square one and struggle to become successful.
But with consistent expert advice, you can grow your confidence and ensure that your company remains stable – quarter after quarter after quarter. A business can technically achieve this without the help of an expert, but it is much easier and more efficient to do so with a professional who understands your industry and who knows what it takes to make your business successful.
This new confidence will mean you’re more comfortable in your day-to-day decision making and will also give you the courage to take more risks without fear that everything is going to crumble.
Get the advice you need – and watch yourself become a success
Many business owners are too proud to admit they need professional assistance for their business. This unfortunately can be devastating for their company and can severely limit the potential to build their brand, enhance their reputation, their profitability and their success.
If you’re an entrepreneur, a business owner, a CEO, a director or hold any leadership position within your company, it is in vital that you work with experts as much as you can to ensure that you are always on the right track and can handle anything that comes your way.