STARTING A NEW BUSINESS?
THINGS TO THINK ABOUT BEFORE YOU START!

 

 

Texas & Midwestern Consultants Company (TCC) has been serving as a “Business Incubator” (BI) since July of 1989.

 

Are you starting a new business?

 

Every year there are thousands of individuals thinking about starting a new business for themselves. Almost every human being has the same dream. Getting out of the rat race, working from 9-5 for a simple paycheck that never seems to grow, and working for the other guy!  It’s like drawing a line in the sand for some to take the dare.  For most, they will be stepping across that "Business Line” in the sand, going from being a secure low paid company employee with a regular paycheck, and maybe with some company benefits and retirement, entering into the worlds big global market place as a new business owner.  Entering the “Global Market” today is not an easy task and it certainly involves risk for those who have never had to worry about managing, marketing, banking, and a hundred other little things a new business will require of your time, all while keeping the current bills paid and finding their new source of retirement and health care resources.  

 

Many individuals will attempt to enter a business for the first time as sole owner.  Fewer individuals will enter with a partner or a friend, who may also be new in the business ownership issues.  In the start-up business industry in the USA, the failure rate is predictably high.  Many will attempt to start out with the lack of background in knowledge, skills, proper capital, and sound business judgment and practices to succeed.  On average ten out of every eleven new start-up business owners acting for themselves in the business industry will fail with-in the first three years.  Often in the first 14-16 months.  If you have been trying to find capital to start your new business, you already know that banks are pretty much insecure about even talking about a loan to a new start-up company.  And by looking at the failure rates, is it any wonder why? Now you realize why banks want 3-5 years past financials, income tax returns, and credit scores to make a loan. Banks are not venture capital, or “risk” capital companies.  They want companies with good track records and history.  Banks have to protect their clients money, either with bank Certificates of Deposit, or Bank Checking Accounts, and other banking instruments. Banks are required by law to make a pledge to its customers to guard their client’s money.  Loaning money out to start-up companies is not what banks normally and traditionally do!  As the old saying goes, business owners don’t plan to fail, but rather fail to plan!

 

Business Incubators (BI) take that failure rate and turn those ten out of eleven failures into ten out of eleven new business successes.   Using a skilled consultant with Business Incubator skills will increase your odds of success by almost 90%.   Some banks require a new loan applicant to hire a BI consultant before they will even accept a loan package or business plan for review.

Texas & Midwestern Consultants Company (TCC) can help take that failure rate and turn those new business failures into ten out of eleven new business successes.   Using a skilled consultant company like TCC with Business Incubator (BI) skills will increase your odds of success by almost 90%.   Today many banks require a new loan applicant to hire a BI consultant before they will even accept a loan package or business plan for review.

 

Business Incubators place a thought process on the entire project from start to finish. They must determine if you possess the skills necessary to run and manage a business correctly.  Today's business requires adequate management personnel, or marketing, possibly even technical people to make sure your business is a success.  Texas & Midwestern Consultants Company (TCC) can do this by helping the owner from a back seat position, looking over their shoulder, keeping the business inline for a few months or a few years.  Remember, most successful companies have a host of skilled and special agents hired to run their business successfully.  You may have been one of those specialized people yourself within a company you worked for.   So don’t be afraid of being advised of hiring outside, specialized, people to help you run your business from time to time!  Sometimes, this may be the difference between your company's failure or success!

 

Texas & Midwestern Consultants Company (TCC) will help you from the startup, or early stages of a new business, to the finish, or successful conclusion of a new business. Including strategic planning, hiring management, technical, marketing, other key staff, as well as assist you in gaining capital for your new business down the road.  Texas & Midwestern Consultants Company (TCC) is one of only a handful of company’s known to exist which will even accept start-up company projects.  Texas & Midwestern Consultants Company (TCC) not only accepts start-up companies, its 95% of our business.  And TCC has been doing this very successfully since 1989.