Small-Medium Enterprise Business Accelerator
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This document outlines a business accelerator program to help small and medium enterprises grow. It discusses how SMEs are important but often fail within 5 years. The accelerator provides customized and tiered services including skills development, systems implementation, and management training to help businesses improve in key areas like sales, operations, and leadership. The goal is to increase revenue and reduce costs so SMEs can accelerate their growth.
Small-Medium Enterprise Business Accelerator
- 1. SMALL-MEDIUM ENTERPRISE BUSINESS ACCELERATOR 1
- 2. SMALL MEDIUM ENTERPRISE BUSINESS ACCELERATOR How can I develop my Small-Medium Enterprise? 2
- 3. SMALL MEDIUM ENTERPRISE BUSINESS ACCELERATOR Small Businesses drive the US economy 1-500 employees (SBA) 27+ M SMEs in US 60 80 % of new jobs 30% of US payroll But: 49% chance of failing within 5 years Small Business Stats for Small Business Week 2011 http://www.getbusymedia.com/small-business-stats/ 3
- 4. COLORADO MINORITY BUSINESS OFFICE NEEDS SURVEY 2006 Marketing Info 42% Network Women/Minority Bus 37% Government Contract Award Info 37% Network Info. w/Related Business 35% Mentoring 34% Network Info. w/Local Business 33% Legal Services 30% Financial Management Info. 30% Legislative Change Info. 27% Access to Technology 26% Promotional Strategies 26% Employee Recruitment/Training 23% Brand Management 12% ESL Training 5% Colorado Office of Economic Development http://www.colorado.gov/cs/Satellite?c=Page&cid=1165009699718&pagename=OEDIT%2FOEDITLayout 4
- 5. NY TIMES 2011 TOP 10 REASONS WHY SMES FAIL 1. The math just doesnt 6. Operational mediocrity. work. 2. Owners who cannot get out 7. Operational inefficiencies. of their own way. 3. Out-of-control growth. 8. Dysfunctional management. 4. Poor accounting. 9. The lack of a succession plan. 5. Lack of a cash cushion. 10. A declining market. NY Times Jan 5 2011 http://boss.blogs.nytimes.com/2011/01/05/top-10-reasons-small-businesses-fail/ 5
- 6. OVERVIEW Success requires And 6
- 7. OVERVIEW Super Sales Guy Clients Meanwhile, back at the office Crisis management!!! Demotivation!!! Disengagement!!! 7
- 8. SMALL MEDIUM ENTERPRISE BUSINESS ACCELERATOR Business Systems Development Tier 1 Tier 3 Skills Sales Skills Management Leadership Systems Skills Systems Skills Configuration Inventory Sales/Purchasing Management Initial Tier 2 Assessment Human Capital Development 8
- 9. SMALL MEDIUM ENTERPRISE BUSINESS ACCELERATOR What we can provide Relevant Services Customized Services Based on needs Initial Assessment Based on industry Tiered Structure Flat Rates Entry Mid Level Based on tiers Skills Scope of work Technology 9
- 10. COLORADO MINORITY BUSINESS OFFICE NEEDS SURVEY 2006 Marketing Info 42% Network Women/Minority Bus 37% Government Contract Award Info 37% Network Info. w/Related Business 35% Mentoring 34% Network Info. w/Local Business 33% Legal Services 30% Financial Management Info. 30% Legislative Change Info. 27% Access to Technology 26% Promotional Strategies 26% Employee Recruitment/Training 23% Brand Management 12% ESL Training 5% Colorado Office of Economic Development http://www.colorado.gov/cs/Satellite?c=Page&cid=1165009699718&pagename=OEDIT%2FOEDITLayout 10
- 11. NY TIMES 2011 TOP 10 REASONS WHY SMES FAIL 6. Operational mediocrity. 1. The math just doesnt work. 2. Owners who cannot get 7. Operational out of their own way. inefficiencies. 3. Out-of-control growth. 8. Dysfunctional management. 4. Poor accounting. 9. The lack of a succession plan. 5. Lack of a cash cushion. 10. A declining market. NY Times Jan 5 2011 http://boss.blogs.nytimes.com/2011/01/05/top-10-reasons-small-businesses-fail/ 11
- 12. SMALL-MEDIUM ENTERPRISE BUSINESS ACCELERATOR Increase Sales revenue! Decrease Administrative expenses! Accelerate your business!! http://www.enterprisedevelopment.biz/contact-us/ 12