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Who Else Wants To Avoid Common Small Business Start-up Mistakes Without Expensive Consulting Fees and Inconvenient Training Sessions?
"If You Knew What I Know About small business start-ups, You Would Immediately Download My Business Plan Tool Kit Which Shows You How To Launch a Successful Small Business "
Arm yourself with the resources to succeed in your new business
Date: 2009
From: Ron Thomas
Who wants to be a statistic? Do You?
No, im not talking about the most dire thing you think of when you hear such a question. But I am talking about something that will leave your finances depleted, your employees scurring and your ego flattened. Im talking about small business failure.
As a city official some years back, I witnessed small business owners rail against the system that they blamed for their lack of sub-contracting opportunities, inadequate financing and cash flow. At financing workshops where this occured, participating lenders would listen to these complaints and respond that "If you will just provide us with a viable business plan and financially sound proposal, we will entertain any application for funding".
But, the crowd continued to protest that such documentation was merely a bureacratic road block designed to frustrate and deny them the seed money or working capital they needed. Too bad many were too intimidated to pursue the all important financing that may have benefited their business.
Too bad because anyone would certainly benefit from a business plan course and learning the components of a marketing plan template, especially those seeking small business startup loans or venture capital financing.
Top 5 Reasons Why Start-up Businesses Fail
One way to increase your chances of small business success is to become keenly aware of the typical reasons many start-ups fail and try to avoid the same pitfalls. While there are numerous causes of failure, below may be the top five reasons:
1. Lack of adequate financing
Perhaps the number one reason new businesses fail is due to insufficient funds to start up, operate and grow. Many new enterprises fail to impress lenders of their potential to pay back financing or investors of their growth potential. Often the problem begins with under estimating the amount needed for start-up and deteriorates from there.
2. Poor marketing efforts
Potential prospects must be aware that "the store is open" so to speak. Some new entrepreneurs do not know how to find prospects with a need for their product or service and an ability to pay. Rose colored glasses can become foggy without an understanding of what makes their customer tick. The result is a good idea going down the drain before it had a chance to catch on.
3. Failure to assess the competition
Many new entrepreneurs view the world in the isolation of their great idea. They fail to realize that they will be watched by others in the market or that others with greater resources may enter the market to seize upon their new widget. They launch on the strength of their product or service knowledge without a clue about how they will deal with the competition.
4. Poor organization
The inability to marshall finances and human resources into a well thought out chain of action steps will not escape the view of investors. Again, it is not sufficient to conceive of the best widget since sliced bread, you must show how you are going to progress from start-up to standard operating procedures and on to expansion and growth, if that’s your goal.
5. The lack of a contingency plan
It's easy to imagine how things are supposed to work when every thing is flowing smoothly, but what about when important equipment breaks down or a supplier cannot deliver? A new business carries the responsibility of not only it's employees, but its financial investors Failure to take into account potential emergencies has brought down many promising ventures.
The common factor flowing through these five reasons for failure is the lack of planning..Many give business plan preparation the short shrift. The glow of the new idea is so bright there is no time for planning. Check out the typical consulting service request " im meeting with an investor Friday, I need a winning business plan and financials pronto."
If you were asked to invest your hard earned money in a new venture would you risk it based on a slipshod plan thrown together in a hurry? Just how well do you think a cookie-cutter business plan template competes against one developed with a thorough industry and market analysis. I love the entrepreneurial spirit, but people please; take the time to plan or your idea will become another statistic
So Ron What's in The Business Plan Tool Kit? The Business Plan Toolkit addresses all of the above problems and much much more. It is available in two formats Regular and Premier.
Regular Package
The Regular Package features four powerpoint lessons taken from actual seminars, The powerpoints guide you from business description, through industry and market research techniques, competitive analysis, implementation as well as financial statements and projections. The presentations include audio and automatic slide projection which allow for hands free listening while you work in your office.
The Regular Package include the ebooks: Business Plan Development, Small Business Financing and Marketing Plan Development. This information will educate you on bank relations, identifying target market segments, as well as investor and lender criteria The ebooks allow the convenience of taking them with you, reading, and highlighting portions you want to prioritize.
Benefits
Why end up on the trash pile of business failures, when the business Plan Toolkit can help you:
* Develop clear business goal focus
* Clarify financial needs
* Build a roadmap to success
* Establish credibility with lenders/investors
* Understand your competitive environment
* Identify your target market
Premier Package
The Premier Package includes both the PowerPoint Lessons and Ebook Set mentioned above PLUS two major features not included in the regular package. As a purchaser of the Premier Plan you will be surveyed and receive a data resource PDF applicable to your chosen industry/market area. In addition, we will conduct a review and assessment of your draft business plan template entries. Should you desire, a 30 minute overview telephone consultation will be conducted.
Benefits
* Jumpstart on industry and market research
* Tailored consultation
* Develop clear business goal focus
* Clarify financial needs
* Build a roadmap to success
* Establish credibility with lenders/investors
* Understand your competitive environment
* Identify your target market
Knowledge is worthless if its not accessible. Forget expensive consulting fees, forget travel and registration fees associated with workshops and seminars!
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30 Day Money Back Guarantee
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About The Author: As publisher of the Indianapolis Small Business Clearinghouse, Ron Thomas surveyed three area banks regarding their lending criteria. In addition to conducting Business Plan Seminars, Ron is also the author of "All About Capital" and "How to Approach a Bank for a Small Business Loan." |
I want to see you succeed. Thats why I have packaged information from my seminars into these convenient powerpoint presentations and ebooks!
Business PlanToolkit Powerpoint Lessons
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(1) How to use your business description to guide industry & market research
(2) How to conduct industry & Market research |
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(3) Developing a marketing strategy
(4) Contingency plans,financial statements & projections | |
