Consider the following statistics from a random primary research survey of 29,000 new business starts. First off, 26,000 of them failed, which is 90 percent. Of the 26,000 businesses that failed:

• 67% never took the time to write a business plan
• 57% did not have outside help, or guidance
• 71% did not have any formal business education

With statistical evidence like that above, is it any wonder that so many new businesses never see there fifth year? A whole lot of resources and time are wasted when businesses fail. Reasons for failure include a lack of business and market knowledge; a lack of business skills; inadequate capital; and by not doing the right things in the right order.

Crafting a new enterprise requires a certain finesse. There are items that must be put into place and tasks that must be properly sequenced in order for your business to move forward with a higher degree of success. We at StreetMaker are experts in developing new venture strategies and helping you plan for capitalization, or more efficient customer acquisition.

Business Planning Process

We’ve formulated one of the most effective and comprehensive planning programs ever created for small businesses and early stage companies. Comprehensive planning is especially important when you have other people’s money at stake; and even more important when you consider the time and resources you’re going to invest in your business as an individual. The risk of failure must be minimized. Our goal is to get you to the next level using the quickest and safest routes possible.

Step I: Compassing

Our business planning program begins by helping you think through critical aspects of your future company: who are your markets? How are you going to sell things in the most effective manner possible? How do you plan to launch? Is your business prepared for a capital investment? Do you know what you need to raise money from private investors? We discuss these issues, along with others, and help direct you on your steps forward.

Step II: Plan Draft

As we build momentum, we begin bringing the information and research together to develop a cohesive plan that is “non-fiction.” You are involved in a deeper level of examination and cross-examination to make your future as bright as possible. It is not enough to slap together information in an all-night marathon and expect to have a well-formulated business strategy. Successful businesses have a price. If you want to succeed, be willing to pay the price.

Step III: Projecting the financial future

How much money are you going to need? Will your business model make you money, or cost you money? What specific expenses must be watched closely that begin to drain the fledgling business? These questions and more are answered as we begin modeling the financial picture of your business.

Step IV: Finalizing the Plan

Combining the number with the words is the last formal act of the business plan. A well-prepared plan will not embarrass you in front of investors. From here, we can discuss your options. If you need to raise private capital, we can discuss options for creating a private placement memorandum. If you are completing a plan to protect your own investment, we can discuss ways we can stay involved.

Compass Consulting

StreetMaker can continue its involvement with you as you begin to build your new business. By monthly retainer, we can assist you in implementing your plan and making your business a reality.

Talk to us today about mapping the road to the next level in your business. Don’t put your future on hold another day. If you want to move forward, let’s get started.

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