Why Business Advisory Services are Crucial for NZ Businesses

Running a business takes heaps of hard work, enthusiasm and planning. Navigating the complex business world can be quite a challenge on your own – luckily, you don’t have to do things alone. Business advisory services are your key to understanding your company better and paving your way towards success.

What Are Business Advisory Services?

A business advisor is a professional who can help you understand your business better, solve your specific problems and enhance your knowledge and skills. Essentially, they provide you with advice for your business regarding business planning, financial management, etc.

We at Business Like offer our clients advice and support for:

• Business Planning. A great, strategic business plan can offer you so much. We consider all parts of your business to help you form a realistic, comprehensive plan designed to steadily guide you towards your goals. 
• Independent Accountability. Accountability can be difficult on your own. Engaging with a third party, our business advisors, gives you someone to go to to analyse your performance. While you, your team and your loved ones may be biased towards your business, our advisors will view your performance to give you objective feedback that’s not swayed by emotions or personal investment.
• Cashflow Forecasting. You must manage your cash flow if you want to remain successful. We can forecast your cashflow, giving you an idea of what to expect so you can prepare for the future. 
• Share Valuations. We can discover the value of your business so you can make good decisions when selling your business, merging with another company, etc. We can also discuss how you could improve the value of your company.
• Due Diligence. Are you planning on making any significant business purchases soon? Before you do anything, due diligence is crucial. We can analyse potential opportunities so you can make an informed decision. 
• Monthly Accounting With Xero. Xero is an advanced financial software that can streamline financial reporting, and we’re happy to revisit your account every month to ensure your business is efficient and profitable. 

Why Business Advisory Services Are a Must for NZ Businesses In 2025

How can business advisors help you succeed?

Creating A Framework For Collaboration. Developing and following a great business plan will encourage strong communication, collaboration and efficiency for your team. A good plan will help build a realistic approach to growing your business, taking into account your goals and your obstacles to mitigate risk while creating stepping stones for you to reach your long- and short-term goals. 

A business advisor can analyse where you are, where you want to be and how you can get from point A to point B. With a plan set in place, you can keep your eyes on the prize.

Achieving And Sustaining Business Goals. A well-thought-out plan defines your vision for the future and aims all of your departments towards the same objectives. It’s important to remember that it’s not just about setting goals, it’s about setting goals that make sense. Reaching those goals is often not the end of the line – you need to learn how to sustain those goals. 

For example, if one of your main goals is to grow your business team to a certain number of people, you can’t just hire that amount of people and then continue with business as usual. You must discover how to manage that amount of people, ensure work is allocated appropriately and that everyone has room to complete their tasks properly without being mismanaged or overwhelmed. 

Business growth is all about strategically discovering how to reach your goals and then adapting as your company evolves. Business advisory services guide you on how to change your operations for the better. 

Creating A Competitive Advantage. It’s vital that you stay ahead of your competition. Otherwise, your customers may switch to companies with more streamlined operations.

Business advisors will analyse your field and collaborate with you to create a plan that takes competitors into account, discovering how you can create distinct advantages over others in the same industry. 

Understanding Your Business On A Deeper Level. So much work goes into every business, so it’s easy to forget essential factors or overlook subtle details. A business advisor will look at all parts of your business, giving you insights about things you may have missed. 

When you know all of the ins and outs of your business, you will have an easier time learning how to steer your team towards success. 

Adopting Modern Digital Tools. Using the right digital tools to make the most of your business in 2025 is crucial. Everything from connecting with potential business partners to advertising your services to new customers can be done online. 

A business advisor can identify software and digital strategies that can help your particular company. For example, Xero is a financial software that helps countless business people manage their finances. We can teach you all about Xero and other digital tools to give you an edge in the modern age. 

Achieving Sustainable Success with Business Advisory Services

How would you like to improve your operations? Let’s streamline your business together. You can call our Business Like team on 09 262 0726 or use our website to send us a message online.

Business Like: Stay ahead of your competitors with our expert business advisory support.