Your Startup Guru created financial projections for Park Yourself which allowed the founder to anticipate future revenues and expenses.
Hunting for a parking space or EV charging stations can be unnecessarily tedious and incredibly frustrating at times. With just a tap, Park Yourself helps you seamlessly find and reserve your parking or charging spot on the go.
Contact us to create a custom-made 3 or 5 year financial projection for your business.
Our client needed a valuation for the sale of a pharmacy business. A valuation is crucial to determine a reasonable purchase price range for a business. Several methods had to be used to arrive at a valuation, including Enterprise Value, VC Method, Discounted Cash Flow Method, and the Multiples Methods (adjusted specifically for pharmacies). Then an average was taken from the calculated values to arrive at a valuation.
Starting a brand new business is not the only entry into entrepreneurship. Purchasing an existing business is another viable method of entrepreneurship.
No matter what business you are considering, contact Your Startup Guru to know that you’re getting a reasonable price for the company.
Mr. Water’s Plumbing is a friendly, experienced plumbing service that required a solid business plan for their plumbing business.
Mr. Water’s Plumbing utilizes virtual house-calls so they can get a clear idea of their client’s needs even before arriving. Their customers appreciate the convenience virtual house-calls provides as well.
Contact us to get started on your business plan to launch and grow your business.
From NPR’s Morning Edition:
“The dominos are starting to fall in the U.S. economy.
As the Federal Reserve pumps the brakes on the economy, many American companies are retrenching. There is a growing fear that as the central bank aggressively hikes interest rates to fight high inflation, it could tip the U.S. economy into a recession, and executives are cutting back.
A host of companies have announced job cuts or hiring freezes in just the last two weeks. They range from Tesla and JPMorgan Chase to Redfin and Coinbase.
Netflix last week announced a second round of job cuts for the year, this time eliminating around 300 positions. Earlier this year, the entertainment company announced it had lost subscribers for the first time in more than a decade. Since then, Netflix has eliminated roughly 450 positions.“
Read the rest of the article here.
Contact us to find a strategy to weather this upcoming storm and put you in a stronger position.
Is a recession on the horizon? U.S. stocks slumped lower Thursday, giving back all of yesterday’s post-Fed decision gains and pulling the Dow below the 30,000 point mark for the first time since early last year, as investors re-set prices on risk assets around the world in anticipation of faster near-term rate hikes and relentlessly high inflation.
The Federal Reserve delivered its biggest rate hike since 1994 yesterday, boosted its Fed Funds rate by 75 basis points to a range of between 1.25% and 1.5%.
As Charles Darwin observed, the most adaptable wins. We’ve been here before, a looming recession and people are worried about losing their jobs. Now is the time to think of the strategy that will help break one free of the whims of cost-cutting management.
In a previous post, some recession-proof / resistant businesses were listed. Adding to that list are several more businesses that deserve consideration:
If you’re saying to yourself, “but I don’t have any experience in these fields.” Keep in mind the saying, “Sell shovels in a gold rush.” What this means is don’t be one of the thousands or millions of competitors jockeying for one goal. The thousands or millions of competitors can now be your customers. Find a product/service that meets their needs. Look to your transferable skill sets and network for inspiration on how to pivot into a career.
Once you have an idea of some pivot options you have to do a feasibility study to see which one is the best option for you. A feasibility study is a curtailed business plan-like document where you outline your product/service, the business model, your competitors & your customers, and expected revenues/expenses/startup costs. A well-done feasibility study can save hundreds of hours and thousands of dollars in sunk costs.
Contact us today to create a feasibility study for you.
Most people do not know what they are getting when purchasing a business plan. Because of this inexperience, entrepreneurs often get subpar documents that are brought to us for editing. Below is a comparison of select portions of a $400 business plan a client sent for editing. Certain details have been redacted for the privacy of the client.
Original average bplan vs Your Startup Guru update
Your Startup Guru created an investor deck for The Avalon Regal Theater as part of a $110M revitalization project in Chicago’s South Side including a $1M commitment from Kanye West to The Avalon Regal Theater’s renovation.
The historic theater opened on August 29, 1927 and has since had performances from Tupac, Jay-Z, Kanye West, Louis Armstrong, Josephine Baker, Cab Calloway, Nat King Cole, John Coltrane, Miles Davis, Duke Ellington, Pearl Jam, The Supremes, and many more. It even held an election-night party to celebrate Barack Obama’s victory in 2008.
The Avalon Regal Theater was designated as a Chicago Landmark in 1992.
Contact us today to get started on a pitch deck for your business.
Many clients complain about getting burnt out and not having the motivation to keep pushing through the struggles of entrepreneurship.
In this great article from the Harvard Business Review, University of Pennsylvania psychology researcher and best selling author Michelle Gielan discusses how effective recovery periods is the key to resilience.
We often take a militaristic, “tough” approach to resilience….However, this entire conception is scientifically inaccurate.
The very lack of a recovery period is dramatically holding back our collective ability to be resilience and successful…We “stop” work sometimes at 5PM but then we spend the night wrestling with solution to work….The key to resilience is trying really hard, then stopping, recovering, and then trying again.
So how do we recover and build resilience? If you’re trying to build resilience at work, you need adequate internal and external recovery periods: Internal recover refers to the shorter periods of relaxation that take place within the frames of the workday by shifting attention or changing to other tasks. External recovery refers to actions that take place outside of work – e.g. in the free time between the workdays, and during weekends, holidays or vacations.
Another great book on the topic of resilience is Grit by Angela Duckworth. In it she discusses that the secret to outstanding achievement is not talent but a special blend of passion and persistence she calls “grit.”
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