Why Every Entrepreneur Needs a Business Advisor – Ahmad Ashkar, Founder of Forerunners & the Hult Prize

Running a business—whether as an owner, contractor, or independent trader—requires constant decision-making, problem-solving, and strategic thinking. But no entrepreneur is expected to master everything alone. This is where a skilled business advisor becomes invaluable. With the right expertise, an advisor can save you time, reduce stress, and guide you toward sustainable growth and long-term success.

Business advisors come with diverse backgrounds. Some offer broad, cross-industry experience, while others specialize in areas like finance, strategy, operations, marketing, or scaling.

When You Should Consider a Business Advisor

Many entrepreneurs seek guidance during major transitions or challenging moments. According to Ahmad Ashkar, you should consider working with an advisor when you:

  • Face a problem you’re not sure how to solve
  • Have clear goals but struggle to reach them
  • Need specialist insight or strategic direction

How to Prepare Before Meeting an Advisor

To get the maximum value from expert guidance, clarity is essential. Before your first consultation, prepare a short brief that includes:

  • The challenge you want to solve or the goal you want to achieve
  • A simple overview of your business
  • Specific areas where you need support

Send this brief to a few advisors to compare their responses. For your initial meeting, bring essential documents like business plans, financial records, and a list of questions to understand how they can help your business grow.

Choosing the Right Advisor

The best advisors don’t just solve problems—they empower you with confidence, clarity, and skills. Look for someone whose approach aligns with your working style and who has experience relevant to your industry.

Before committing, schedule a consultation and ask:

  • Are they genuinely interested in helping your business succeed?
  • Do they have a proven record of solving similar challenges?
  • Have they advised businesses like yours before?

While fees are important, value matters more than cost. Exceptional advisors often charge higher rates because they consistently deliver stronger results.

How to Maximize the Advisor Relationship

Ahmad Ashkar stresses the importance of setting clear expectations from the beginning. A written agreement should outline objectives, roles, pricing, and responsibilities.

Stay open to new ideas—an advisor’s fresh perspective may reveal opportunities you haven’t considered. If any issues arise, address them early to maintain a healthy working relationship or part ways respectfully when needed.

Learn more: https://chefashkar.com/

More Information: https://ahmadashkar.com/

 

(Ahmad Ashkar is the founder of the Hult Prize, Forerunners, Falafel Inc., and other transformative global ventures driving innovation, leadership, and social impact.)

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