What is the difference between a financial advisor and a financial strategist? A financial advisor typically focuses on taking your money and investing it for you, often in the stock market. I believe a financial strategist is different; this is someone who helps you analyze deals and opportunities to determine if they're right for your business, your goals, and your risk tolerance. They help you look at things from all angles so you aren't tied to an emotional decision and they help you see what your business actually needs at the time. They don't just tell you where to put your money, they help you make a game plan for how to manage and protect it.
How do you find the right professionals to build a relationship with? Building a relationship is key, whether it's with a CPA, a banker, or a lawyer. It's about finding the right person, not just the right institution. A good banker, for example, will understand your business and be willing to fight for you when you need a line of credit or a loan. They are the ones who will go the extra mile because they have a personal understanding of your business and your financial history.
Why is a doctor so critical, especially for male entrepreneurs? A doctor is essential because as men, we can sometimes get so focused on making money that we lose sight of our physical and mental health. Going to a doctor helps you make sure you are physically and mentally healthy, so you can continue to push yourself. Health is a critical part of holistic growth and is often overlooked by entrepreneurs.
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