New Business
Assess the business idea – can this idea become a business?
Create a plan for your business
Identify funding sources
Define the market – who are your customers? Who are your competitors?
Determine pricing of products or services
Create online presence
Decide business ownership structure – Proprietorship, partnership, LLC or corporation
Make required government filings, entity registration, taxes
Set up accounting and financial systems
Implement administrative infrastructure to include selection of computer equipment and systems, sales and marketing
Establish network of vendors, legal and financial advisors, subcontractors
Plan for growth
Growing a Business
Identify and solve problems
Stabilize operations
Improve profit margins to increase cash flow
Develop effective internal communication systems to improve performance in the areas of administration, sales, production, finance
Improve business processes including accounting, CRM and other critical systems
Assess level of technology and propose updates and improvements
Create expansion strategies
Evaluate additional financing options
Turnaround strategies for at-risk companies
Devise strategies to transition to the next stage of growth