Start-Up Business Planning & Assistance
Muir & Company has extensive experience working with business start-ups. We can assist business start-ups by developing business plans and/or advising business founders on processes and procedures, departmental structuring, compensation systems, accounting & financial management information systems, vendor selection, and critical steps for establishing a new business.
Example Client Projects
Example 1: Business Start-Up
Services Provided:
Business Plan Creation, Business Start-Up Guidance, Start-Up Project Management, Interim Chief Financial Officer
Issue:
A new healthcare venture in the formation phase lacked a cohesive business model and financial controls. The venture also had numerous independent consultants working on various aspects of the business. These consultants had no centralized coordination, resulting in a disconnect with each other and with the activities of the start-up’s management team. These deficiencies were resulting in wasted time and money.
Solution:
Muir & Company addressed the business model by working with the founders, their management team, and the independent consultants to develop a cohesive business model that was then captured in a detailed business plan. To ensure proper financial controls, Muir & Company supplied an interim Chief Financial Officer until a permanent CFO could be identified and hired. To resolve the lack of coordination among the consultants, Muir & Company provided centralized project management to ensure coordination among the consultants and the start-up’s management team.
Outcome:
The start-up successfully executed the business model and launched the business.
Example 2: Business Planning
Services Provided:
Business Planning Assistance & Oversight
Issue:
A long-standing client, whose business involves taking raw concepts purchased from others and readying them for market, was experiencing a cash crunch. An exciting opportunity presented itself for development of a new business, but the window of opportunity was tight and the client did not currently have the funds to pay Muir & Company to create a business plan for the new venture.
Solution:
It was agreed that rather than building the plan for the client, Muir & Company would provide the guidance and support necessary for the client to build the plan in-house. The client assigned two employees to the task and Muir & Company guided these employees’ activities until a final plan was reviewed and approved.
Outcome:
The client was able to build a business plan suited to their purposes within their budgetary constraints.