A partner and I are in the begining stages of starting a consulting firm. We plan on starting small and mainly keeping it local. We paln on specializing in marketing and business solutions for small to mid size businesses. We hold knowledge in both areas as well as gathering and analyzing statistical data. Any advice or ideas would be appreciated.
2007-03-01 09:02:48 · 4 answers · asked by lotstodo 3 in Business & Finance ➔ Advertising & Marketing ➔ Other - Advertising & Marketing
We are located in the United States.
2007-03-01 09:42:49 · update #1
Marketing our company is not a problem as we already have a plan in doing so. I am mainly looking for things that we may have overlooked such as hidden costs and snags that may occur when starting a business of this nature. Basically just looking for advice from those that have entered into similar ventures.
2007-03-01 10:29:10 · update #2
Plan your work and work your plan.
This is a very important piece of advice.
Wish you good luck :)
Best regards
Waleed Mohamed
Professional Arabic Translation Services
http://www.ArabicTranslationExperts.com
http://www.proz.com/profile/72523
http://www.English-Arabic-Translation-Services.com
2007-03-01 19:23:31 · answer #1 · answered by Waleed M 2 · 1⤊ 1⤋
Speak with some local business adviser for help - is it SCORE over there? In in UK we have business link and NFEA
2007-03-01 21:35:39 · answer #2 · answered by robert m 7 · 1⤊ 0⤋
12 Key Reasons Why Companies Fail
1. Inadequate planning of the business.
2.Inadequate planning of the business.
3.Inadequate planning of the business.
4.Insufficient initial capital for start-up period and development stages due to inadequate planning.
5.Mistaken estimate of market demand for product or service.
6.Lack of management ability.
7.Failure to select and use appropriate outside professional advice.
8.Inability to market product or service effectively.
9.Over dependence on a single individual or on a predicted specific event.
10.Failure to understand capital requirements of a growing business.
11.Poor timing of expenditures due to poor planning.
Expedient rather than reasoned decision-making.
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Manage your risks by;
1.Financing against unpredictable events through insurance brokers eg;umbrella insurance ,e-commerce insurance,accounts receivable insurance...
2.Transfer you risks to clients or a third party
3.Control risks by;
-protecting yourself from lawsuits
-protecting your property
-protect your technology
-protect yourself from service/product liability claims
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And since you are marketing experts, you should know a lot what to look out for , and what to do.
2007-03-01 17:30:19 · answer #3 · answered by She-whom-shall-not-be-named 4 · 1⤊ 1⤋
Keep this site in mind if you have a need for a good jingle
http://www.freewebs.com/originalsong/
2007-03-01 10:51:35 · answer #4 · answered by GW 3 · 0⤊ 2⤋