According to the Small Business Administration, there are currently 30,700,000 small businesses (defined as businesses with 1 to 100 employees) in the U.S., of which over 24,000,000 are service businesses. According to data from the U.S. Bureau of Labor Statistics, roughly 4.8 million of those business will fail within their first year. By the end of year five, that number balloons to 12,000,000.
While small business owners are self-motivated, driven, and laser focused, certainly important traits for long-term success, many enter the marketplace with limited business experience. To overcome their lack of business experience, the SBA recommends small business owners “seek out the advice of others who have already blazed this trail.” There is no shame in asking for help. The only shame would be to become a statistic out of pride for asking for help.
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As a business grows, it faces different challenges throughout its life cycle. There is the early challenge of client acquisition. Overcoming this challenge, the business will then need to adapt to the new demands of increased productivity. Do you hire new employees? Do you integrate new technologies into the business? What are the costs involved? Though good problems to have, their resolution can be the difference between success or failure. Having an experienced consultant at your side can make all the difference.
At Orca Management Advisors, we stand shoulder-to-shoulder with our clients, providing guidance and support through each phase of growth.
We offer on-demand consulting, monthly consulting, goal setting, business plan drafting, time management strategies, financial statement drafting and tutoring, and marketing strategies.
And, we add additional value to our clients. We are lawyers, uniquely qualifying us to provide legal counsel, in addition to our traditional consulting services.
From start up to maturity, we have represented hundreds of businesses, from start up to maturity and all stages in between and in diverse business sectors.
At Orca Management Advisors, our commitment is to bring our clients to the apex of their industry by ministering to the body, mind, and soul of their company. We believe that companies, which unite well-reasoned strategic business planning with a workplace culture of open communication, provides a healthy and safe environment for employees, enhancing the customer experience, and giving them the competitive edge over their competition.