Business Planning
Starting a business is hard.
Planning it shouldn’t be.
Starting a business is one of the most exciting times in any entrepreneur’s career. Deciding to open a new business can involve years of planning, considering risks, and weighing the reward of a new venture. The path ahead can feel daunting but the planning process doesn’t have to.
The Small Business Administration (SBA) estimates that small businesses generate 44% of US economic activity. That can translate to significant returns for those willing to take the plunge and launch a new venture.
At Stockwell & Smedley, our team is experienced in what it takes to plan a new business and have helped many local owners launch successfully. Contact us today for a free consultation.
Planning your business is one of the most critical steps you can take toward success.
Why Plan Your Business?
After considerable experience in your profession, you have the expertise to start your company. Whether your speciality is air conditioning, marketing services, or baking cupcakes, you have the experience to make your business thrive. Whether you started with a larger company or have worked in a partnership, translating your knowledge to a new business can be a trying task.
Roughly a fifth of businesses fail in their first year open, according to Lending Tree. While this statistic may feel alarming, consider the reasons that a small business would falter in their first year. According to Investopedia, one of the top three reasons a business fails is a lack of planning. Having realistic goals and expectations, along with a balanced view of your industry and competition, can help your chances of success.
At Stockwell & Smedley, we have successfully assisted business startups from across the country. Don’t go it alone. Contact us today and have experienced staff in your corner.