Today, (June 13, 2011) I was privileged to pick up two new clients. One just bought a going business and the other wanted to began the planning process to start one soon. Both of these individuals have a better chance of surviving than those who just jump into business without getting assistance or learning from experienced business individuals. The national average for business survival is down to 51% after 5 years, but the odds are greatly improved by getting ongoing mentoring.These people came in with their questions: like how to start or what should I do next. The new business owner will start immediately to work on the "Business Plan" doing all the research necessary (demographics studies, financial projections,cost analysis, ect.) with our expert advise and guidance. The owner who purchased an going business will work with us to create a marketing plan, business plan, a model for growth which includes making this business look bigger than it is, creating a set of financials (income statements) to be reviewed monthly, an inventory system and much more. With buying, fixing and selling the existing business as on option we plan to make all operations very system oriented so that in the future either the sale can be consummated with a system being sold or additional locations added with a system that can be used to make operations work like a well oiled machine.
Business ownership is not for the faint of heart, but feeling of accomplishment is one that need to be experienced by all who have even a minor desire to have the pride of business ownership.
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