Which type of team are specialized consultants typically considered members of in relation to an owner?

Specialized consultants are typically viewed as part of the extended team in relation to a business owner. The extended team encompasses all external professionals and advisors who provide expertise and services that complement the internal team. These consultants bring specialized knowledge in areas such as legal, financial, marketing, or operational disciplines, which might not be represented within the owner's core team.

The core team usually consists of the owner's key internal staff or partners who manage the day-to-day operations and strategic direction of the business. While these internal members play a critical role in running the business, specialized consultants serve to enhance the core team's capabilities by providing additional resources and insights that support the owner's objectives.

An accountability team typically focuses on monitoring and assessing performance against established goals and can include both internal and external parties, but it is not specifically comprised of specialized consultants. Therefore, recognizing specialized consultants as part of the extended team emphasizes their role as external support rather than integral members of the daily operational structure.

This understanding highlights the importance of collaboration between internal and external resources in achieving business success and effective exit planning.