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SO YOU WANT TO START/BUY A BUSINESS? Too often the excitement of starting a new business based upon a hobby, a unique idea or just the challenge can be rewarding on the one hand but more often than not, the dream fails to be realized. The good news is that the odds of success can be greatly increased if you do the appropriate planning and make timely decisions. The Texas Business Group. One Page Business Plan. 2008 Stonebriar Business Advisors. 4544 Biltmoore Drive - Frisco TX 75034. Why a Business Plan.

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EXIT PLANNING FOR SMALL BUSINESS. Exit planning for a small business should begin five to seven years before the event is expected to happen. When the business owner postpones the process to less time, numerous compromises must be made and increases the possibility that the owner will not achieve his/her full objectives. 2 To whom does he/she want to transfer the business? 3 When does the owner want to transfer the business? 4 What role does the owner want to have in the new business? All of these are vi...

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We work with small businesses to build strategies, tactics and action plans to achieve the owner's goals and objectives. Each outcome is a unique product based upon the current situation, the owner's goals and timing. It is important that the business owner has concluded that the current situation is not going to achieve the expected results and she/he is prepared to work ON the business and make the necessary changes to achieve the state outcomes. Hope is not a strategy. The Texas Business Group.

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ORGANIZATION LEADER’S PREFERRED OPERATING STYLE. 1 I know what is expected of me at work. 2 I have the materials and equipment I need to do my job right. 3 At work, I have the opportunity to do what I do best every day. 4 In the last seven days, I have received recognition or praise for doing good work. 5 My supervisor, or someone at work, seems to care about me as a person. 6 There is someone at work who encourages my development. 7 At work, my opinions seem to count. 10 I have a best friend at work.

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THOMAS C. PRITCHARD, AInstIB. Thomas C. Pritchard (Tom) is founder and president of STONEBRIAR BUSINESS ADVISORS. He is an accredited associate of the Institute for Independent Business and associated with 4500 other accredited associates worldwide. As director of human resources, he was responsible for over 5,000 associates worldwide in manufacturing, engineering, technical services, distribution and product development. This included domestic and international locations. Experiences: Start-up; Turn Aro...

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REASONS FOR BUSINESS FAILURES. While no one goes into business to fail, the statistics counter prevailing wisdom. The 1992 SBA statistics tell us at the end of five years, more than 55% of new businesses fail. 70% are not in business in ten years. You ask how can this be true? Unfortunately, the answer lies in the beginning of the business. Too often, owners start a new business believing they have a great idea/product, enough money, and customers will come. This is hardly the truth. 1 Lack of direction.

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Collins, Jim, ". GOOD TO GREAT";. HarperCollins Publishers Inc., 2001). The E Myth Revisited";. Covey, Stephen R.,. The 7 Habits of Highly Effective People". Zemke, Ron; Raines, Claire; Filipczak, Bob,. Generations At Work";. Gerber, Michael,. E Myth Mastery";. Sandler, David H.,. You Can't Teach a Kid to Ride a Bike At a Seminar";. Bay Head Publishing, 1995). Block, Peter,. The Empowered Manager";. Jossey-Bass, Inc.,Publishers, 1987). Levinson, Jay Conrad,. A Plume Book, 1990). The Texas Business Group.

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Typically what follows from the business plan is the creation of one or more of the following: Marketing Plan, Sales Plan, Financial Review, Cash Flow Analysis, Performance Management Plan, Equity/Debt Financing Plan, Recruiting and On-Boarding Plan, Exit Plan, etc. All of these efforts are an out growth of the One Page Business Plan. The Texas Business Group. One Page Business Plan. 2008 Stonebriar Business Advisors. 4544 Biltmoore Drive - Frisco TX 75034. About Stonebriar Business Advisors.

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