Are you considering starting a Private Investigator Business? if yes, you'll find this free book to be extremely helpful.
This is a practical guide that will walk you step by step through all the essentials of starting your business. The book is packed with guides, worksheets and checklists. These strategies are absolutely crucial to your business' success yet are simple and easy to apply.
The Single Most Important Ingredient for Business Success
The first and most important thing you need to acquire in order to succeed in a small business is... knowledge.
Sounds exaggerated? Listen to this...
According to research conducted by Dun & Bradstreet, 90% of all small business failures can be traced to poor management resulting from lack of knowledge.
This is backed up by my own personal observations. In my 31 years as a business coach and consultant to small businesses, I've seen practically dozens of small business owners go under and lose their businesses -- not because they weren't talented or smart enough -- but because they were trying to re-invent the wheel rather than rely on proven, tested methods that work.
Conclusion: if you are really serious about succeeding in a business... If you want to avoid the common traps and mistakes... it is absolutely imperative that you acquire the right knowledge.
"Why Invent Mediocrity, When You Can Copy Genius?"
That's an excellent quote I picked up from a fellow business owner a few years back. What this means is that you should see what is working and try to duplicate Printing Business. Why go through all the trouble of inventing something new, that you don't even know will ever work, when you can easily learn from and duplicate something that has been a proven success?
[ Note: One of the BIGGEST mistakes almost all new businesses make is that they WASTE tons of valuable time, energy and money on trying to create something "new", that has never been tested or proven... only to find out later that it was a total loss. Don't make the same mistake! ]
Hi! My name is Meir. I'm the founder and president of BizMove.com, a successful internet based information business. I'm also the author of numerous books, mostly in the area of small business management.
I've been involved in small business for the past 31 years of my life, as a business coach, manager of a consulting firm, a seminar leader and as the owner of five successful businesses.
During my career as a business coach and consultant I've helped dozens of business owners start their businesses, market, expand, get out of troubles, sell their businesses and do practically every other small business activity you can think of.
You see, I have been there .... done it ... and bought the Small Business t-shirt! -- This free book contains techniques and strategies I've learned during my 31 year small business career.
Here's what you'll discover in the 'How to Start a Printing Business' book:
How to determine the feasibility of your business idea - a complete fill in the blanks template system that will help you predict problems before they happen and keep you from losing your shirt on dog business ideas.
A detailed manual that will walk you step by step through all the essential phases of starting your business
A complete business plan template. This fill-in-the-blanks template includes every section of your business plan, including Executive Summary, Objectives, SWOT Analysis, Marketing Analysis and Strategy, Operations Plan, Financial Projections and more (a similar template is sold elsewhere for $69.95).
All this and much much more.
Success Tip: Setting Goals
Good management is the key to success and good management starts with setting goals. Set goals for yourself for the accomplishment of the many tasks necessary in starting and managing your business successfully. Be specific. Write down the goals in measurable terms of performance. Break major goals down into sub-goals, showing what you expect to achieve in the next two to three months, the next six months, the next year, and the next five years. Beside each goal and sub-goal place a specific date showing when it is to be achieved.
Plan the action you must take to attain the goals. While the effort required to reach each sub-goal should be great enough to challenge you, it should not be so great or unreasonable as to discourage you. Do not plan to reach too many goals all at one time.
Establish priorities. Plan in advance how to measure results so you can know exactly how well you are doing. This is what is meant by "measurable" goals. If you can’t keep score as you go along you are likely to lose motivation. Re-work your plan of action to allow for obstacles which may stand in your way. Try to foresee obstacles and plan ways to avert or minimize them.
Here're other free books in the "how to start a business" series that may interest you:Agriculture Assisted living Auto repair Bakery Bar Beauty salon Bed and breakfast Bookkeeping Boutique Bowling alley Carpet cleaning Car wash Catering Cattle farming Charity Cleaning Coffee shop Computer repair Construction Consulting Convenience-store Cupcake Daycare Dental Dog daycare Ecommerce Electrical Embroidery Engineering Farm Fashion Film Financial advisor Fitness center Flower-shop Food Food truck Franchise Frozen yogurt Furniture store Gas station Goat farming Grocery store Gym Hairdressing Hair salon Ice cream Insurance agency Interior design Internet Internet cafe IT Jewelry Landscaping Laundromat Laundry Law firm Magazine Manufacturing Microbrewery Motel-hotel Music Nightclub Nonprofit Nursery Online-retail Photography Pizza Plumbing Poultry farming Preschool Printing Private investigator Pub Real-estate Resort Restaurant Retail School Security company Service Software Spa Sports-bar Startup Supermarket Travel agency Trucking Vegetable-farming Website
Here's a Sample 'Executive Summary' for a Private Investigator Business plan:
The purpose of this business plan is to raise $100,000 for the development of a private investigation firm while showcasing the expected financials and operations over the next three years. The Private Investigator Firm, Inc. (“the Company”) is a New York based corporation that will provide private investigation services for individuals and attorneys to customers in its targeted market. The Company was founded in 2009 by John Doe.
1.1 The Services
The primary revenue source for the Company will come from the private investigation of individuals as requested by attorneys and other individuals. Primarily, Management expects that a significant portion of its revenues will come from people that are currently separated and planning to divorce due to infidelity. Many attorneys often hire private investigation firms to gather evidence of marital infidelity to present during court hearings. The Company will also provide ancillary services such as surveillance.
At all times, the Private Investigator Firm will comply with all state and federal laws regarding private investigation.
The third section of the business plan will further describe the services offered by the
Private Investigation Firm.
Mr. Doe is seeking to raise $100,000 from as a bank loan. The interest rate and loan agreement are to be further discussed during negotiation. This business plan assumes that the business will receive a 10 year loan with a 9% fixed interest rate. The financing will be used for the following:
1.3 Mission Statement
The Private Investigator Firm’s mission is to become the recognized local leader in its targeted market for private investigation and related services.
1.4 Management Team
The Company was founded by John Doe. Mr. Doe has more than 10 years of experience in the law enforcement industry. Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations.
1.5 Sales Forecasts
Mr. Doe expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years.
Proforma Profit and Loss (Yearly)
Year 2009 2010 2011
Sales $503,538 $553,892 $609,281
Operating Costs $348,237 $361,092 $374,542
EBITDA $104,947 $137,411 $173,811
Taxes, Interest, and Depreciation $52,725 $61,365 $74,786
Net Profit $52,222 $76,046 $99,025
1.6 Expansion Plan
The Founder expects that the business will aggressively expand during the first three years of operation. Mr. Doe intends to implement marketing campaigns that will effectively target individuals and attorneys within the target market.
2.0 Company and Financing Summary
2.1 Registered Name and Corporate Structure
Private Investigator Firm, Inc. The Company is registered as a corporation in the State of
2.2 Required Funds
At this time, the Private Investigator Firm requires $100,000 of debt funds. Below is a breakdown of how these funds will be used:
Projected Startup Costs
Business Startup Year 2009
Initial Lease Payments and Deposits $10,000
Working Capital $35,000
Leasehold Improvements $5,000
Security Deposits $5,000
Company Vehicle $17,000
Marketing Budget $7,500
Miscellaneous and Unforeseen Costs $5,000
Total Startup Costs $110,000
2.3 Investor Equity
Mr. Doe is not seeking an investment from a third party at this time.
2.4 Management Equity
John Doe owns 100% of the Private Investigator Firm, Inc.
2.5 Exit Strategy
If the business is very successful, Mr. Doe may seek to sell the business to a third party for a significant earnings multiple. Most likely, the Company will hire a qualified business broker to sell the business on behalf of the Private Investigator Firm. Based on historical numbers, the business could fetch a sales premium of up to 4 times earnings.
Below is a description of the services offered by the Private Investigator Firm?
3.1 Private Investigation Services
The primary source of revenue for the business will be the private investigation of individuals requested by attorneys and individuals. These services will include surveillance, back ground checks, speaking with associates, and other legally allowable private investigation services. As stated in the executive summary, at all times, the Private Investigator Firm will comply with all state, federal, and applicable local laws regarding the private investigation of local individuals. Services offered by the Company will include, but are not limited to:
• Job Applicant Credentialing Services
• Asset Search and Recovery
• Background Checks
• Competitive/Business Intelligence
• Computer Forensics
• Corporate Investigations and White Collar Defense
• Forensic Accounting
• Intellectual Property Investigations
• Legal Surveillance Services
3.2 Ancillary Services
The Company will also provide ancillary services such as expert testimony and testimony regarding findings discovered during the course of a private investigation. Management expects that these services will be primarily be used within court proceedings and depositions related to divorces and business disputes. The Company will also provide witness location and interview services which will be billed at a separate rate.
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