PROFESSIONAL NO-COST ADVISING 
FOR YOUR
BUSINESS START-UP, BUSINESS GROWTH, OR BUSINESS EXIT PLANNING
Services Offered by Business Stage

Business Idea/Concept

 

  • Market Research/Feasibility Study - Conduct marketing and demographic research

  • Business Model Canvas Preparation - Prepare basic business model template

  • Entrepreneur Readiness Assessment - Evaluate overall knowledge, skills, attitude, and financial preparedness.

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Business Startup 

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  • Form of Ownership - option review, selection, and help with formation

  • Formal Business Plan Preparation - narrative writing, research, and financial forecasting

  • Accounting System/Software - evaluation, selection, and setup

  • Point of Sale System - evaluation, selection, and setup

  • Digital Presence Planning - options overview, selection, and setup assistance

  • Price-Point Planning - competitive review, pricing strategies, and setup assistance

  • Bank Readiness Planning - evaluate/review 5 C’s of credit and 3 F’s of funding sources

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Business Growth

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  • Expansion Planning - strategic review, financing options, business plan development

  • Strategic Pivots - strategic review of operational strategies and opportunities for growth 

  • Business Acquisition & Partnership Analysis - strategic and financial review 

  • Benchmarking Analysis - NAICS benchmark review and analysis

  • Strategic Marketing Review - access digital, social, and traditional marketing strategies

  • Cash Flow Management - review and access options for improved cash flow

  • Quickbooks Online - provide training and assistance, troubleshooting, setup

  • Revenue Stream Analysis - evaluate new and/or revised revenue models

 

Business Exit Planning

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  • Exit Assessment - survey of owner’s exit target date, goals, and current status

  • Succession Owner Targeting - assess company personnel, family, and/or associates with buyout interest and potential, advise on buyout structure, plan target approach, create succession owner training & development plan, schedule milestones

  • Business Valuation - advise on business valuation and strategies to increase value

  • Formal Business Exit Planning - assist in developing a formal business plan, financial forecast, and budgeting leading up to an agreed upon exit.

© 2021 by Illinois Small Business Development Center at Sauk Valley Community College

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Funded in part through a Cooperative Agreement with the U.S. SBA, the Illinois Department of Commerce & Economic Opportunity and Sauk Valley Community College. Additional funding provided by the Supporters of the Illinois SBDC at Sauk Valley Community College.