Who Needs a Business Plan & Why
Why Do I Need Help With My Business Plan?
You may be asking yourself “Why do I need help with my business plan? I can just do it myself” Often the answer is simple, either you don't have time or don't have the knowledge to create an effective plan or how to begin implementation to achieve the results you’re looking for.
The Importance of Start and Small Business Planning
Tens of thousands of small businesses start each year in the United States. Many of these businesses are started by hard-working people who risk everything to follow their passions and have limited options if the business fails. Unfortunately, 50% of those start up businesses fail within the first 12 months of operation. The Small Business Administration (SBA) attributes lack of planning and preparation, which directly correlates to having a comprehensive business plan.
Who Can Use a Business Plan
At Conrad Partners we provide service to a diverse group of clients ranging from industry, business type, stage of the business, owners business knowledge, etc.
Typical Startup Clients Include
- First time entrepreneurs that have an idea or specific skill set and have the desire to create a business.
- Entrepreneurs that need a review of their current business plan and help finalizing and/or creating presentation.
- Entrepreneurs needing to raise investment capital and secure strategic partners.
- Entrepreneurs that have limited knowledge on how to develop a business plan and launch.
- Entrepreneur that would like to start a new business or purchase an existing one but does not have the time or ability to fully develop and implement their business plan.
- Foreign Entrepreneur that would like to start a new business in United States in order to obtain an E-2 Investor Visa.
Typical Established Company Clients Include
- Established small business company that launched without a proper business plan.
- Small Business that needs to raise capital, bring on investors, secure line of credit, secure loan from bank or secure stragetic partners.
- Established company that is struggling and needs analysis and a turnaround plan to keep company viable.
- Established company that is looking to grow, penetrate new market, stay ahead of the competition with strategic plan and/or marketing.
- Owner that wants to sell a business and needs to identify a value and purchasers for business.
- Owner that wants to have less involvement in business.
- Established company that needs help and support in specific area that exceeds their expertise.
- Family business that requires assistance in navigating the many issues that impact productivity.
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