Small Business Start Up or Expansion
Starting a small business or expanding an existing operation is an exciting endeavour. At the same time it’s a significant undertaking, requiring a great deal of time and effort to coordinate and address a multitude of tasks. A comprehensive, well thought out plan is critical to oversee the project and ensure a successful roll out of the program.
Purpose
To provide the necessary framework, resources and support for the successful launch or expansion of a small retail business.
Process
- Review the new or existing concept, its profitability and expandability.
- Formalize the objectives and goals.
- Identify and prioritize all necessary activities, create a timeline for completion and determine resources required.
- Anticipate and resolve potential roadblocks.
- Establish the marketing, sales and operating plan.
- Develop the financial plan, ascertain the financing requirements, and create a 3 5 year financial projection.
- Assist with the financing arrangements and programs.
- Oversee the execution of activities leading up to, during, and after the launch.
- Provide ongoing assistance and support as required please see Business Coaching.
Results
A well organized and properly supported launch of the retail concept that provides the foundation for profitability and growth.
Case study # 3 describes how we assisted a small business owner to secure financing in order to bring an ineffective outsourced service in-house.
For details please click on Case Studies.