A Team Effort

You’re probably thinking, ‘who doesn’t like lower gas prices?’ Well, the oil industry in Michigan, and more specifically our region. When prices fall and demand is lower, the need for local energy production is much less. This creates a sector of our economy that isn’t flourishing as well as it has in the past.

It really goes to show that there are always two sides to any issue. When unemployment is low, it’s great because most people are working. However, this can be difficult for small businesses as they cannot always get the necessary people they need to sustain business function, and if you’re searching for the elusive IT professional — forget about it.

Our focus on understanding more about our energy needs in this region, our country and around the world is important. There are regulations set to change how energy is generated and we are far more concerned these days on how the use of energy and its production impacts the environment (as we should be). However, the situation is complicated and phasing out one energy source and moving to another is a slow and sometimes tedious process. How will this impact how we live and consume energy in the future? Although these areas are not certain, we feel the need to keep the energy challenges and potential solutions in the forefront of everyone’s minds. You’ll continue to see this type of coverage over the months and years to come.

This month we also turn to another area that should be mindfully considered: how businesses handle situations that may or may not need an attorney’s advice. One of the first things someone said to me when I started my business more than 13 years ago was to find a great attorney and accountant. As a new business owner, it was difficult to forecast all of the reasons I would need these trusted confidants. However, today it completely makes sense. I don’t believe that you always find the best fit for your organization initially and you should never be afraid to interview these potential advisors. After all, you’re sharing a great deal of personal information and comfort, knowledge and fit are of the utmost importance.

After 13 years, I truly feel like I have a team — accountant and attorney — that fits my specific needs. I can turn to them with questions, concerns and issues that my business may encounter. Finding someone who actually deals with scenarios that you have never anticipated is critical and allows me to sleep better at night. Find people you can trust and you will too.

Advicoach Business Spotlight

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