|Description:||Startup Ideas - Will my idea be successful? How do I get started? |
According to the Small Business Administration (SBA) 30% of all small startup businesses fail in the first 2 years with 50% failing by the 5th year. What they don’t tell you is those failed entrepreneurs are typically destroyed both emotionally and financially with no insurance and a huge pile of debt.
A Business Plan, including Feasibility Study and Pro Forma Financial Statements, should be done on any business idea you have; and is required by anyone investing or loaning you money. The main idea is to prevent you (or them) from wasting time and money by determining the business feasibility of your small business ideas. However a good consultant doesn’t send you home with a simple yes or no.
The real value in a Business Plans (Feasibility Study & Pro Forma) is the identification of road blocks to your success. Often times these roadblocks can be overcome by slight revisions to your startup small business plan that make it viable. The resulting benefit is getting the money you need and a REAL chance of succeeding.
•Feasibility Studies - Determines viability of a startup or ongoing business. Identifies weaknesses and improves chance of success.
•Pro Forma Financial Statements (projections) – Financial Part of Feasibility Study.
•Preparation for Venture Capital and Angel Funding (Backup, Pitch, Who what when where and why)
•Small Business Marketing Plans
•Complete Business Set Up - Bylaws, Procedures, Contracts, etc.
•3rd or 4th Party Review, Oversight, or Consulting on Any Portion of the Above
What are proformas? Many people seek clarification as to what a pro forma financial statement is. A proforma is a financial plan that includes your projected sales income, sales expenses, operating expenses, and of course profit. While it may sound simple, the trick is to make sure you don’t over estimate income, and/or miss any expenses. This is VERY common and causes you to be disappointed in reality vs. plan.
Rasing Venture Capital - Who, What, When, Where, Why and HOW?
Convincing VC and Angel investors to give you money is one of the most confusing things an entrepreneur can experience. Where do you even start? How do you find the potential investors? When you only have ONE shot to impress them. . . what do you do and how do you do it?
We at Capacity are not one of the sharks that feed on entrepreneurs as they swim the strange waters of raising money. We don't promise introductions for a fee or put you on a fancy website that will allegedly improve your chances.
What do we do? If you dont already have it. . . we start with the same basic things any start up needs whether they are looking to raise capital, get a bank loan, or start with family savings (feasibility, SWOT, proforma, etc.). If those results cause you to want to continue, the next step is a business plan, pitch deck (slides), one page pitch sheet, and elevator pitch. With those you can go start knocking on doors and making calls but we can assist in pointing you in the right direction and most of all. . . letting you know what works and what doesnt so you spend your promotional money wisely.
•Feasibility Studies & Pro Forma Financial Statements
•Demographic & Psychographic studies
•Competition & Market Share Analysis
•Sales & Marketing Strategy
•Business Plans & Business Marketing Plans