Entrepreneurs
Starting a business in today’s business climate is not an easy task, even for the seasoned business executive. You have to be an expert in many different areas including Accounting, Finance, Sales, Marketing, and Legal matters, plus whatever industry you’re venturing into. Literally, hundreds of questions must be answered before you should move forward with your business idea.
So many factors are critical to your success: product development, feasibility studies, strategic alliances, accurate market research, strategically-sound sales and marketing plans, precise cost and pricing analysis, realistic five-year financial forecasts, objective competitive analysis, and attracting a quality team.
Then you must financially structure your business to be able to survive, realistically projecting your cash needs over the next five years so you won’t run out of money during critical times. Contingency plans must be developed for unexpected events such as an economic downturn or the entrance of a new competitor. What salaries will be paid? Will they be competitive enough to attract and keep quality employees? Are your profit margins realistic? Will they be enough to sustain your business or will you price yourself out of the market? What happens if your customers match or beat your prices? How will you react to new technologies and developments in your industry?
Then the fun part comes: who will I get to invest in my idea? You must then work to find financial institutions or wealthy individuals who will invest in your idea. You must write a business plan for these people to consider your idea, and there goes another six to twelve months of your life, with no guarantee that you’ll ever get funded! You have to read books or buy software to write the plan, study what investors look for in good business plans, and also find out what turns them off to a bad plan. How should my business plan be structured? How can I make my business idea more attractive? How much equity should I give up to an investor? Where can I find investors?
Entrepreneurs can literally spend thousands of hours trying to answer all of these questions, plus the hundreds of other questions that will be addressed during the development of the business idea. Most of this is done on their own time, cutting into family time or other events, if it’s done at all. Most potential entrepreneurs will work on their ideas when they have free time, which may be months away! Many great ideas sit on the shelf for years, because the potential entrepreneur never has the time to properly research the idea. At any time, all of this time and effort could be for naught if the idea is not feasible or another company beats you to it. How many ideas have you lost to other companies?
Triad Business Ventures understands the needs of entrepreneurs because we’re entrepreneurs as well! We have studied and worked in the “entrepreneur industry” for years and understand what it takes to bring an idea into a full-fledged business. We have many years of experience writing business plans and talking with potential investors, so we know what your business plan must convey to attract potential investors. Comprehensive business plans completed by Triad are professionally written in an investor’s language, and will answer any questions they may have about your business venture.
We are experts in business strategies and market research. Our experience can save you months of research work without cutting into your private time. We can even initially evaluate your idea to see if it’s feasible before you invest your time and money into the idea. If your idea sounds good, we can offer our services to help you complete your business plan and offer it to our investor network.
Our goal is to have each of our clients succeed in any business venture they enter. We are partners with each of our clients, and want to assist in guiding them into successful ventures and avoiding ones that will not succeed. Therefore, we will not write a business plan for an idea that we feel is not feasible. Our initial evaluation decision is based on our knowledge and experience, but we are happy to perform the research to verify or counter our position, if our clients so desire.
Business plans written by Triad “prove” the financial data and are based on factual market research, not guesses. For instance, we will not insert sales figures based on a “hunch”. We will research the market, and if necessary, perform target market testing to verify the projected sales figures. Many times, potential investors will reject a plan simply because no market research has been performed to verify the sales and marketing data. Potential investors look for “market validation” in any business venture. You and your investors can be assured that the financial data in your plans are obtainable, based on the current economic factors in your industry.
Don’t waste another moment of your time, pondering an idea that you think might develop into a great business! Stop losing your ideas to other entrepreneurs! GET STARTED NOW! Call us today to setup an appointment to discuss your idea! We offer a free, confidential initial evaluation of your ideas. All meetings are 100% confidential to protect the security of your ideas.
At Triad, we want the ideas and dreams of every entrepreneur to become reality!
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