Read em and weep. The statistics on business failures in recent months and decades are nothing short of horrifying. As dreadful is the most frequent excuse that people who were running these businesses give to their own failures. "They didn't anticipate impending changes in the economy and business climate".

Sure that the executives of businesses such as the big three car manufactures and larger lending institutions can manage to take long "siestas" while their business sail toward the rocks, because they understand that Uncle Sam will always come to the rescue just before they run aground. But what about you and your business?

Of course you are completely knowledgeable about your specific business but are you really an expert on extraneous details that could effect your business in the upcoming future? For instance, can you rely on the local community for a reliable labor resource for the upcoming decade or should you be exploring theories in outsourcing?

Hard work and determination got you to where you are in business now and of course you can always depend on that to carry you. However; have you ever considered the possibility that an outside view, especially on newer more technologically advanced subjects like advanced business intelligence usage could be of benefit?

Can you really expect the opinions of authorities business and economic analysts for instance? Also, how with fluctuating currency values and petroleum prices effect one or more facets of your business? What about changing tax laws as well as the new economic stimulus package. Are you familiar with all facets of those and other coming changes?

New trends in outsourcing and foreign competition mean that for today's businesses owner and supervisors that aspire to stay competitive, the advice of a business intelligence advisor can prove to be valuable. It's a simple fact you will make miscalculations, because everybody does however a business intelligence adviser can and will help you to maintain your own miscalculations to a minimum.

Are you aware of all of the new advancements in business intelligence software? Software tools like Crystal Reports that you could use for data mining and analysis and writing intelligence reports. Be mindful that a tighter credit market means that banking officers and potential investors now want to see in depth business reports before they'll consider any type of business funding.

The Cost of Business Intelligence Advisors

There are basically two considerations that you should take in when considering the cost of earning an external unbiased business intelligence advisor. First, there is the true price of these advisors work, which may be much less than you imagined. Then there's the cost to your business which may be incurred by going it alone without the help of a business intelligence adviser in today's far more complicated and competitive climate. Bear in mind that info in business is worth what you pay for it, so, free advice is worth absolutely nothing.