Do I Need a Financial Advisor? Try a Business Loan Marketplace Instead

A business needs many components to thrive: HR, marketing, sales and financial teams. However, few things keep a CEO up at night as much as financial worries about raising new funds.

To raise funds and access the right capital resources, many businesses have traditionally hired an independent financial advisor to map out their investment and finance strategies. 

But is hiring a financial advisor a good investment? 

These professionals have the experience and expertise to design strategies that will help you access new funds to grow your business. 

However, hiring a financial advisor can be expensive. Furthermore, they can put their interest above yours; many fail to give your business the personal touch and attention it needs.  

The good news is that today, thanks to new technology, there are other solutions you can explore aside from hiring a financial advisor. 

FinFirst is a business product marketplace that can help you access the funds you need to grow your business with quick, transparent and convenient applications. 

Using our mobile super app, you may discover that you do not really need a financial advisor. 

Let’s review who financial advisors are and how new fintech platforms like FinFirst can help your in-house financial team make better decisions. 

[FinFirst is an online bank product marketplace that offers a super app matching you to business loans from the region’s top banks. Now you can easily compare and apply for business loans to expand your operations within less than 10 minutes.]

How can a financial advisor help my business?

Financial advisors can help you create a plan to source for funds, use the funds, and manage the funds to achieve business objectives at the corporate level

They also help you find low-cost finance sources and evaluate your potential investments to decide if they are profitable.

Why do businesses hire financial advisors? 

These days, it makes less and less sense to pay for a financial advisor when there is new technology that can easily connect you with the world’s financial system. 

Moreover, for smaller businesses there are plenty of resources on the internet to help educate you with important financial decisions. 

However, you may not always feel comfortable making those decisions without professional consultation. 

Below are some reasons why businesses may need to hire a financial advisor: 

  • You don’t have the financial knowledge to evaluate investment opportunities: If many financial terms sound strange to you, then it may be worthwhile to hire a financial advisor. 
  • You don’t understand the financial market and the finance opportunities available to you: If you have no clue what you need to get a loan or how to decide which loan option is better in the long term, then professional advice can be helpful. 
  • You don’t have the time to research various funding sources: You and/or your financial team doesn’t have the time to research the various funding sources available to you.
  • You are in difficult situations with your company’s finance: Your debt is growing, your cash flow is down, and your investments are not generating the expected return. 

Pros of Hiring a Financial Advisor

What are the benefits of working with a financial advisor?

First, financial advisors have the experience and expertise to help your business. Having worked with many companies, they have a good grasp of what you need and when. 

Secondly, financial advisors can help you take the emotion out of business decisions. Financial advisors can be empathetic to your business without allowing emotion to cloud their judgments. 

Thirdly, a financial advisor can help you focus on the long-term rather than the instant gratification of the short term. 

Cons of Hiring a Financial Advisor

First, financial advisors can put their needs above yours. This is especially true for financial advisors who earn on the products they recommend to you. They can recommend inferior products for their gain. 

Second, financial advisors may not have enough empathy for your business. Because they work with many companies every day, they might not be willing (or able) to give you a personal touch. 

Also, the cost of hiring a financial advisor can be exorbitant (whether they work on fees-based or commissions-based contracts). 

FinFirst Business Loan Marketplace: You may not need a financial advisor

Should you hire a financial advisor? 

In some cases, yes. However, if you are looking to quickly and conveniently raise funds for your business, then you don’t need one.

With FinFirst, you can easily get access to the funds your business needs even if you are not an accredited financial advisor.

The FinFirst loan marketplace connects you with the best loan offers for your business in Kuwait. On this platform, you can apply for multiple loans at once and receive offers from the top banks in Kuwait. 

With FinFirst, you will get access to the funds your business needs without the cost (amidst the other cons) of hiring a financial advisor.Do you need funds to execute your business strategy? Visit FinFirst now to get the funds you need to achieve your business goals. 

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Hany Anan

Mobile and web Application Developer

What do you do in the company? 

I am a WordPress developer working on implementing the design files to interactive web pages

Academic Background

Bachelor of Engineering in Electrical and Computer Engineering and minor in Mathematics from the American University of Beirut

What is your favorite drink or food? 

Favorite food: Pizza, Favorite drink: Pomegranate Juice 

What is your favorite thing to do in office?

Learning new things

Collaborating with others 

Getting work done

What is the favorite thing to do outside the office?

Spending time with friends

Volunteering 

Describe your personality using a word or phrase. 

Handworker and passionate 

Israa Jaajaa

Quality Assurance Specialist

What do you do in the company? 

Quality Assurance Specialist

Academic Background

Computer and Communication Engineering from American University of Beirut

What is your favorite drink or food? 

Chicken Shawarma and Pepsi

What is your favorite thing to do in office?

Work using my own plan

What is the favorite thing to do outside the office?

Playing video games

Describe your personality using a word or phrase. 

 Precision and persistence

Sara Hassan

Executive Assistant of the CEO

What do you do in the company? 

I’m the office Manager and the Executive Assistant of the CEO. I help Mr. Abbas in organizing his business life and helping the Team as well in HR issues.

Academic Background

-MBA in Human Resource Management at Lebanese International University.

-BA in Interior Design at Lebanese International University.

 

What is your favorite drink or food? 

Favorite drink: Pina Colada / Food: Sushi

 

What is your favorite thing to do in office?

Brainstorming 

Focusing 

Talking with the Team and knowing the characters of each others

 

What is the favorite thing to do outside the office?

Sports, Movie, and spending time with my family and my friends

 

Describe your personality using a word or phrase. 

Think outside the BOX

Faten Taha

Quality Assurance Assistant

What do you do in the company? 

I’m a Junior Quality Assurance Specialist at FinFirst Capital. It is always important to maintain the quality of our software to meet specific and professional standards. And that’s part of my job.

Academic Background

I graduated from Lebanese American University majored Computer Science. A challenging and required major that I’m passionate about.

 

What is your favorite drink or food? 

Favorite drink: Basil Lemonade / Food: Fish

 

What is your favorite thing to do in office?

My favorite thing to do in office is discussing with the team about the success of our company and plans for future ambitions to achieve more and more success.

 

What is the favorite thing to do outside the office?

Dedicate few time to learn new things related to technology including a specific coding language or a new arising scientific topic. And finally my free time I spend it with my sister.

 

Describe your personality using a word or phrase. 

Self-confident, passion, determined person.