By Theodore Durepos at November 17 2018 12:36:51
These highly trained professionals can also assist in calculating start-up costs, bringing in investors, and projecting profitability studies. Small business consultants also help you source funds by preparing financial documents presenting you in the best light possible to potential lenders and institutions. They can also help you devise business strategies that help you stay ahead of the competition.
Carrying on with the example of a coffee shop, a business plan consultant will figure out what the best location would be. They already know coffee shops do well in areas with a certain demographic in place. These include students and workers, who are within close proximity to book stores.
One crucial function they perform is the formulation of business plans. This plan is based on the information provided by the client coupled with the vast wealth of knowledge and research a business plan consultant has.
U.S. Census Bureau (census.gov): A source for a variety of useful statistics, especially the Economic Census that comes out every 5 years.
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