Free Advice: A Blessing or a Curse for Your Business?

January 7, 2024

The Cost of Free Advice

Picture this: You’re at a family gathering, and your Uncle Bob, who’s never owned a business in his life, is doling out financial advice like candy at a parade. He’s telling you to be an S Corp, to invest in alpaca farms, and even suggesting you hire your cousin Vinny as your accountant. But wait! Before you start drafting up that business plan, let’s pause for a moment and ask ourselves: How much is free advice really worth?

A Barrage of Business Banter

As an entrepreneur, you’ve likely been bombarded with a barrage of well-meaning but potentially disastrous advice. From friends to family, and let’s not forget the strangers on the internet (because everything on the internet is right, right?), it seems everyone has something to say about your business. But should you listen?

Seeking Professional Guidance

At Calculated Moves, we understand that navigating the ebbs and flows of business is a tough job. That’s why we’re here to help you chart a course to smooth sailing and tranquil waters. We believe that it’s always best to leave it to the pros, especially when it comes to strategic planning and financial preparedness.

Evaluating the Source: Separating Wheat from Chaff

The truth is, not all free advice is created equal. Some of it can lead you down a path of expensive mistakes and accounting headaches. So how do you sort out valuable advice from the chaff? It’s simple. Consider the source and their motivation. Do they have a successful track record in business? Are they an expert in the field?

The High Cost of Cheap Advice

And remember, it’s much cheaper to pay for good advice once than to pay to fix mistakes and take wrong directions that may not be able to be recovered from. So next time you find yourself on the receiving end of some free advice, think twice before acting on it.

Conclusion: Making Calculated Moves

And if you need expert advice on your business finances, we’re here to help. Because at Calculated Moves, we believe that making great decisions, boosting profits, and keeping Uncle Sam off your back is the best move you can make. So, what are you waiting for? Let’s start making some calculated moves towards your success.

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Donna Bordeaux, CPA with Calculated Moves

Creativity and CPAs don’t generally go together. Most people think of CPAs as nerdy accountants who can’t talk with people. Well, it’s time to break that stereotype. Lively, friendly, and knowledgeable can be a part of your relationship with your CPA, as demonstrated by Donna and Chad Bordeaux. They have over 50 years of combined experience as entrepreneurial CPAs. They’ve owned businesses and helped business owners exceed their wildest dreams. They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.