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Geneva, IL, established in the 1830s, is a thriving city nestled in the northeastern portion of Illinois, just 36 miles west of downtown Chicago.

With a population of more than 21,000, this city is the county seat and bolsters many attractions. Some of those attractions include festivals, beautiful parks, historic sites, an AA baseball team, and so much more. With so many opportunities for locals and a bustling tourist scene, Geneva, IL, touts’ steady growth. The city is compact, as 83% of downtown Geneva’s repeat customers live within a 40 miles radius of downtown. The city of Geneva is home to 100 unique and eclectic retail stores and boutiques, 75 restaurants of numerous varieties, 3 quaint hotels/inns, and 5 major festivals, which are sure to draw visitors and tourists from throughout the northeastern regions of Illinois. As with any city, Geneva is always ready to welcome new business endeavors and provides an enticing incentive plan for startups.[1]

If you are already fortunate enough to be one of the above-listed business owners, or you operate a business in the Geneva, IL area, then you know many of these facts and how special this city is.  As Geneva continues its steady growth trajectory, you may find yourself wanting to capitalize on the growth and make business decisions accordingly

Are you looking for a business advisory in Geneva, IL? If so, you have come to the right place.  We have provided some tips for you to help you determine if a business advisory in Geneva, IL is right for you and your business. If you are a business owner in Geneva, IL, or if you are thinking about a startup business, or buying or selling a business in Geneva, IL, then take a look at the four indicators below to find the right business advisory service for you.

4 Indicators Your Business Needs Business Advisory Services:

1. Your Mission Statement is Too Vague or Too Broad

“If you aim for nothing, you’ll hit it every time.” – Zig Ziglar

Whether Geneva, IL, is where you grew up, or you have resettled there and call it home, there is a reason you chose Geneva as the home for your business. There is a good chance at one point in the past, you had a very specific reason for wanting to start a business. Do you remember the why which motivated you to step out and begin your business? As the day-to-day challenges of running a company arise, it can be very easy and common to forget what motivated you in the beginning, and you may lose sight of the mission statement you had for yourself and your business. This may not seem like a big deal but understanding what makes your business unique and the individual values you hold and bring is essential to set you apart from the competition.  If you cannot clearly articulate what distinguishes you from similarly situated businesses, then how can your customers, consumers, and clients? By not having these values and your unique offerings clearly defined, it can be incredibly difficult to pull ahead in the market or participate in the market generally.

At DHJJ, our business advisors, among other things, are mission statement experts. These professionals are often hired to assist business owners like you to guide them through a process that enables them to uncover, refine, and redefine the purpose(s) which led to creating their business. These experts can help you by bringing clarity to convoluted visions, goals, and propositions. Having these key items clarified will enable you to work with focus and intentionality in meeting your benchmarks, so you do not waste precious time and resources on distractions. Taking time to see how your current financial and progress standing compares to your ultimate mission is imperative. 

2. You are Considering Buying or Selling

One area where business owners make mistakes is when they are considering buying or merging companies or considering selling their business.

Our goal at DHJJ is to come alongside and guide you through these deceptively tricky processes. One way a business advisor will do this is by taking an in-depth look into your business finances.  This process is called a business health assessment, and it will enable you to be prepared with essential information sellers and buyers will want to see.  You can walk into any negotiation with confidence. 

3. Your Business Growth Has Declined or Plateaued

Most business owners know that the riskiest time in their business’ life is the first year. Surprisingly, in a report by the U.S. Bureau of Labor Statistics, only around 80% of startups companies with hired employees will survive their first year of operation.[2]  After year one, some business owners take a sigh of relief, and this is when a business advisor is needed. Have you noticed your business growth has started to wane? Business stagnation can come in cycles, but over time, it will permit the competition to catch up, pass, or damage your productivity. A business advisor in Geneva, IL, can help you to identify areas in your business plan that are weak or maybe leading to stagnation, and ultimately, they can help you get back on track.

4. You Are Unsure How to Capitalize on Opportunity

All business owners understand the need to seek opportunities to grow their company. Business advisors can help by providing the right tools and information to assist you with decisions. Some of these resources include guidance on debt structuring, business analysis, and functional improvement. A business advisor can offer help with succession planning and your retirement goals.

Do You Need Business Advisory in Geneva, IL?

The four reasons discussed are just a sampling of how a business advisor can be beneficial for you and your business in Geneva, IL. There are many more reasons to hire a business advisor!

If you are ready to learn more and see how you can benefit from business advisory in Geneva, IL, call us at DHJJ. Our team members will be glad to answer any questions and help you start the process of finding a business advisor in Geneva, IL. You can reach DHJJ team members by calling us at 630-420-1360 or contact us through our online contact form.


[1] https://www.geneva.il.us/102/Incentive-Programs

[2] https://www.bls.gov/bdm/us_age_naics_00_table7.txt

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