Business ownership is exciting. For many, it’s a way to escape the corporate cubical. If you’re ready to get your business from business plan to start-up mode, Silver Accounting Group is ready to partner with you to ensure financial success.
We consider our role as an experienced and trusted advisor on issues of critical importance to your business: business planning, finance, operations, and profit planning.
We can help you by delivering services that keep your business on the right track in an increasingly complex and rapidly changing environment.If you want an objective opinion based on years of helping businesses similar to yours, you’ve come to the right place. Relying on our experience in strategic planning, feasibility studies, information systems evaluation, outsourcing opportunity evaluations, estate planning, and mergers and acquisitions could be your best step toward greater success.We can help you make logical decisions and avoid pitfalls that your business can do without. When you retain our services, you can rest assured that your business is in good hands.
According to data from the U.S. Bureau of Labor Statistics, about 20% of U.S. small businesses fail within the first year. By the end of their fifth year, roughly 50% have faltered. After 10 years, only around a third of businesses have survived. Don’t be a statistic. Many businesses are in the process of a pandemic pivot and need a new business model and plan.
Getting started can be a complex task, with so many unknown factors to consider as an entrepreneur. Business startup consulting services provide assistance to newer ventures. Having expert advice available can significantly improve the chances of success. It can be a time saver and highly reduce risk. Knowing start-up costs and compliance regulations are just the beginning. Avoiding costly mistakes can be the difference between success and failure. As a business startup, consulting services come with invaluable benefits.
When starting a new business, most entrepreneurs do not have the expertise across all areas of the business. Even if that would be the case, it would not be beneficial. Necessary tasks to start a business can be accomplished successfully and more efficiently with help.
Startups have a complex job ahead of them. After the legal business structure is in place, business owners have to manage a range of areas to succeed. Business startup consulting services help with these areas. They provide the often much needed support to entrepreneurs, startup firms, and partners.
Bouncing ideas and goals off of the expertise of a trusted advisor helps keep things in check. Don’t ask people who want you to succeed for advice. Get a critical eye to examine your business and avoid the pitfalls of self-indulgence.
A business advisor can help you fill in the blanks where you have knowledge weaknesses. Having a fractional CFO can be a game-changer.
Knowing your numbers is your navigational road map to success. Creating key performance indicators validates those successes. Banks and potential investors are going to want to see sales and profit. Don’t got to the negotiation table without great, accurate reporting.
How do you know what to charge for your goods and services? Not charging enough means your business isn’t sustainable. Charging too much means you’re not competitive. What should be included in the pricing? How do you determine break-even for your business? You’ll want an experienced financial advisor to help you create real profit for your business.
Don’t confuse growth with scale. Scaling a business is as hard as getting to profitability. Scaling means adding revenue at a much greater rate than cost. Young startups need to build a product and establish a market, and then they can think about hypergrowth. Processes “that scale” are those that can be done en masse without extra effort.