No Business Plan

No Business Plan

  Being in business is not enough. Management needs a business plan. Having a business plan professionally prepared is the same as having no business plan unless management thoroughly reviews and understands every aspect of the plan. The plan should specifically...
Lack of Capital

Lack of Capital

      A new business typically overspends in its startup, with the belief future profits will cover the needs of Luxury handbags the next business cycle.  Once cash reserves are depleted, the ability to raise additional capital becomes more difficult....
Financial Neglect

Financial Neglect

      Failure to set up sound financial record keeping, updating projections and a periodic review of actual financials to the projections in the business plan.   Parker Finance Solutions suggest: Perform a review of the most current financial...
Lack of Execution

Lack of Execution

“We cannot forecast our direction. It appears to be a riddle wrapped in a mystery inside an enigma.” ~ Winston Churchill (paraphrased) Management fails to follow through with the tasks set forth in the business plan or those which present handbags themselves in...
Minimize Risks

Minimize Risks

    How Due Diligence, Having Business Documents in Order and Management’s Willingness to Look Outside the Company for Assistance Can Minimize Some of the Major Inherent Causes of Business Failure   The following problems appear to be some of the more...