Plan Development
You have heard the saying: “If you fail to plan, you are planning to fail.” We have found those words to be very true. Approximately 85% of businesses fail within the first five years and probably 95% of that 85% failure rate comes from lack of adequate planning.
Some of the reasons for failure are: 1. They did not have an accurate understanding how much it was going to cost to start and operate their business. 2. They were not aware of important competitive factors. 3. They did not know what the critical factors for success were. 4. They did not know about the legal and regulatory requirements. 5. They did not have a clear understanding of the market or its direction. These are all things they would have known had they done the research needed to develop a plan.
Almost without variance, when asked why they did not create a plan, typical answers were: 1. They did not want to take the time and trouble to create one. 2. They thought everything they needed to know was already in their head. 3. They did not know how to create one.
Whether it is a Strategic, Business, or Marketing plan you need, developing one will help mitigate costly or fatal errors and give you the best chance for success. In many cases, financial institutions and other funding sources will require you to present a business plan prior to being considered for funding. We know what they are looking for and can help you meet their expectations. That is why financial institutions often recommend us to their customers.
In addition to teaching college and university students how to develop strategic, business, and marketing plans, we have 20+ years of experience in assisting hundreds of clients in their development. Whether the purpose is to acquire a loan, chart a new course, or go after new markets, we are experts in the development of these plans and can help you every step of the way. We will make sure the right things are considered, the right questions are asked, and will do the needed research to get at the right answers. Your success is our primary goal and is what drives our every effort!
