Analyze Business Models – it is exhilarating to run your own small business, but too often entrepreneurs become ensconced in the details of work and ignore the larger, macro perspective. Our experts will analyze your business model by assessing the sustainability and profitability of the products or services you offer, your relationships with suppliers and clients, and we can hedge against unexpected downturns by diversifying your operations.
Determine New Markets and Client Bases – it is important to appreciate your clients, but in order to grow your business and remain competitive, you need to optimize your placement, which can help you find new clients and expand. We can help you find untapped avenues for exposure and help your business earn a greater profit.
Devise a Budget to Manage Expenses – in order to help a small business grow, it is necessary to devise prudent spending strategies that account for your own business expenses, help ensure that your business remains sustainable, and allow for you to continue to provide quality services for your clients. Our experts will respond to your business needs and create both short-term and long-term budgets to plan for your small business growth.
Find New Sources of Capital – when credit is tight and banks are hesitant to loan, small businesses face difficulties in their efforts to raise capital, to fund operations or payroll, or to expand. Other avenues exist, and our experts can help you find other sources of capital to continue operating at your preferred pace.
Manage Cash Flows – finding new customers is great, but the business world tends to operate on credit or delayed payment, which puts small business owners under pressure. We can create a plan that will help you get paid faster and ensure that you can continue to grow your business, while also refraining from appearing demanding or untrustworthy of your customers.
File Legal Papers for Incorporation, Partnership or Sole Proprietorship – according to the law in each state, in order for a business to legally operate, it must register with the proper authorities. Our legal staff can consult with you to determine the optimal type of business organization for you, and we will submit the appropriate forms and documents to ensure that you are in compliance with the law.
Strategic Planning – a successful business requires a clear focus that plays to its strengths and opportunities, while acknowledging and preparing for its weaknesses and threats. We will help you craft an articulate map for your business now, including a SWOT analysis, and a plan for where your business should be in the near future, focusing on the individual characteristics of your business and on your own personal goals, and ensuring that you can stay at least one step ahead of your competition.
Risk Management – any business model carries a level of risk, but you can mitigate risk by adjusting your supplier relationships, reaching out to new varieties of clients, and varying your product or service offerings.
Breakeven Analysis – as firms grow, owners encounter opportunities to invest and expand their business, but not all opportunities optimize investment. Our experts will provide insightful analysis, counsel you regarding which projects are the most realistic and profitable, measure your anticipated return on investment (ROI), and determine how much of a product or service your business must sell in order to make a profit.
Draft Financial Statements – a successful business is an organized business, and an organized business keeps careful financial records. Our financial experts can provide you with an easy-to-follow accounting methods that can lead to your own balance sheet, income statement and statement of cash flows that will ensure that your records are clear, current, ripe for tax season, and will make your business attractive to investors by showing that it is organized and strong.
Pro Forma Financial Statements – a small business owner must have accurate forecasts to use for proper business planning and strategizing. Our experts will devise pro forma financial statements — including a balance sheet, income statement, and statement of cash flows — that reflect your operations as they are, and these financial statements can be modified to reflect changes you intend to make or are considering making to your business.
Business Restructuring and Reorganization – most businesses are not tuned for maximum efficiency; there is always room for improvement in operations, staffing, managerial methods, promotions, advertising, financing, or other modes of business. We can help optimize your efforts and your work force, leading to reduced costs, increased revenues and higher profits.