Question

Erin Gerrard works as a small business consultant for Security Savings Bank. The bank is committed to strengthening its services to small businesses. Security employs a 10-person team to support its small business customers. Erin earned a degree in accounting, worked five years for a major accounting business, and then operated her own accounting service for five years. The bank hired her as a small business consultant because of her accounting expertise and reputation in the community. She decided the consulting opportunity would be an interesting challenge. This morning, Erin is meeting with Dawn Perrot, who is planning to open a florist shop. Dawn has submitted a business plan, but the financial plan is incomplete. Erin is looking forward to helping Dawn gather information and develop a complete picture of the financial needs of her business. What about you? How do you believe Erin’s work as a consultant is similar to and different from the work she did as the owner of a small accounting business?

Answer 1

Erin's work as a consultant is similar to her work as the owner of a small accounting business in terms of providing financial guidance, but differs in terms of working for a bank and being part of a team.

Step-by-step explanation:

As a small business consultant, Erin's work has similarities and differences compared to her work as the owner of a small accounting business.

Similarities:

• Both roles involve providing financial guidance and support to small businesses.
• In both roles, Erin brings her accounting expertise and reputation to help businesses with their financial needs.

Differences:

• As a consultant, Erin is working for Security Savings Bank and providing services to multiple clients. As the owner of her own accounting business, she would have been working directly with her own clients.
• As a consultant, Erin is part of a team of 10 people supporting small business customers, while as the owner of her own accounting business, she would have worked alone or with a smaller team.