Providing On Demand and Monthly Consulting Services for Small Business
At Orca Management Advisors, we provide affordable on demand and monthly consulting services for small business, providing owners the support and tools and ideas needed to build a strong foundation for their new business or to jump-start their established company. We work with our clients to set business goals, establish key performance indicators, and track progress.
Most who choose to run their own business, tend to be self-motivated, driven, and laser focused, certainly important traits for long-term success. Unfortunately, with limited prior business experience, these traits alone will not necessarily ensure the future success of a business. The Small Business Administration recommends small business owners “seek out the advice of others who have already blazed this trail.”
If your company has project needs, Orca Management Advisors can help. We help small business owners
- Draft Business Plans
- Establish Fee Schedules
- Determine Financial Projections
- Read and Understand Financial Statements
- Implement Time Management Strategies
Drafting a Written Business Plan
According to data from the U.S. Bureau of Labor Statistics, 20% of small businesses fail within their first year. By the end of year five, that number balloons to 50%. Investopedia sites as one of the top reasons for small business failure, the lack of a sound written business plan.
A written business plan should be the cornerstone of every business. It is the road map for a company’s present and future aspirations. A written business plan is the difference between future growth or stagnation and success or failure. A written business plan is also essential for companies seeking investors or financing.
Whether starting a new business, jump starting growth of an existing business, securing working capital, or seeking investors, Orca works with companies in drafting business plans unique to their circumstances.
"If you fail to plan, your planning to fail"
When starting a business, entrepreneurs are confident in their ability to sell. They are laser focused in acquiring clients. However, they are often murky when asked about last month’s revenues, current accounts payable and receivable, or company cash flow. This can spell the doom of any business venture, for knowing and understand financials are essential tools for ensuring the long-term success of any business.
Many business owners often defer their financials to a tax professional, usually around tax time. This does not mean however, that you should ignore your numbers the rest of the year. To be successful, business owners need to know and understand their financials month-to-month, quarter-to-quarter, and year-to-year.
Making financial decisions without knowing and understanding these numbers can be the undoing for any business. Whether establishing a fee schedule, deciding on an office space, leasing or buying office equipment, or hiring a new employee, sound financial business decisions begin with knowledge of financials.
Our consultants teach small business owners how to know and understand their financials, setting them up for success in their business.
There’s never seems to be enough time in the day to get things done. We have all said it. But no matter how much we hope, there will always be 24 hours in a day. This “shortage” of hours creates a real dilemma for service providers.
Unlike companies in the manufacturing or retail sector, which charge a customer for a product, service providers charge clients for their specialized knowledge and time expended in achieving a client’s stated objective. A service provider’s real stock-in-trade is time. Therefore, it is essential to implement systems, which promote effective management.
Time management is not about finding more available time. It’s about effectively using the time available. It is the key to efficient working. At Orca Management Advisors, we help our clients identify time management inefficiencies and provide affordable solutions for closing the time gap.