Share This Article
Fidelity business consulting is a type of business, counseling that focuses on relationships. You have to be someone who is successful at making and keeping business relationships.
If you’re someone who is successful at making and keeping business relationships, then your business will be successful because it’s built on relationships.
Fidelity is, by definition, a business relationship; so in order to be successful at fidelity business consulting, you will have to have a great deal of success at keeping business relationships. This is called the “fidelity triangle.
The most common form of fidelity triangle is the triangle between the client, the advisor, and the attorney. In most business relationships, the client’s success at retaining the advisor’s interest and loyalty is directly proportional to the success of the advisor at keeping the client’s interests and loyalty. In contrast, the attorney’s success at keeping the client’s interest and loyalty is directly proportional to the success of the advisor at retaining the client’s interest and loyalty.
In the triangle, there is a one-to-one relationship. The lawyer, the client, and the advisor each have a direct relationship with one another. The advisor may be a part of the business relationship, but the advisor is not necessarily a part of the client’s success. The advisor may be the one who makes the final decision on behalf of the client to hire the lawyer. In either case, a client should be able to trust the advisor with the client’s business.
It is possible to have multiple advisors working on the same clients business, but it’s not common. Most lawyers are only retained by one client at a time. There are also lawyers who have partners or are business consultants. There are others that have been referred to the law firm by other professionals and are being retained by the firm.
In order to be truly effective, advisers (and lawyers) are not allowed to have a conflict of interest. That is, if a lawyer is hired by a client to represent him, the lawyer is not allowed to have a conflict of interest and may not use this conflict to his business advantage. However, if the client hires a lawyer to represent a client, that lawyer can have a conflict of interest and therefor not be able to make the final decision on behalf of the client.
As the saying goes, if you hire a lawyer to represent you, you’re on the hook for his opinions, advice, and decisions. The client risks being the only one who ends up with a bad result. So that’s what the industry has come to. In finance, a lot of the work is done without lawyers involved, simply because the work is so complex and can’t be easily handled by anyone else. The problem with fidelity consulting is that people tend to be hired to be lawyers.
So you hire a lawyer whose opinion he believes you should be applying to a project. This lawyer is going to be the architect of your future. He is going to be the one putting together the construction drawings of new buildings, the ones you will be paying your contractor to do. This guy is going to be the one that sets the tone of your future. He is going to be the one that you need to do your best to avoid getting screwed by the contractor.
