Yes, old adage and most people have heard it, but it was reinforced to me very strongly this week.
I was introduced to a new client two weeks ago to produce a business plan to help him secure the mortgage to enable him to buy a commercial premises that’s he’s been operating for the last six months.
The current owner had agreed to allow my client to operate the premises and complete the sale within a few weeks of shaking hands on the deal (it’s a convenience store which the current owner no longer wished to operate but wanted it to continue trading).
Well that few weeks turned into six months as a series of business advisors, finance brokers and accountants failed to come up with a mortgage offer.
So we were at the stage two weeks ago where my (new) client and the owner were almost coming to blows due to a series of false starts and false and broken promises from so called professional advisors.
I was introduced through a finance broker I work with regularly. After several meetings with the client and suitable lenders we now have an in principle offer from a high street lender and a very competitive rate.
So, if you need help from professionals, make sure you pick the right one’s. If it’s finance facilities you need, make sure the advisor has a track record of success and can quote some recently completed deals.
If you do feel stuck, your accountant should be able to advise, if he can’t he’s not looking after you and you need to change him.
It really isn’t what you know but who…