Business Consulting
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Why Choose our Business Consulting Services?
Murphy Business offers an extensive range of business consulting services, helping small and mid-sized business owners finance, manage, and grow their businesses.
With our experience and expertise, Murphy Business is uniquely qualified to offer business consulting services. As former business owners and C-level executives, we bring a proven track record of corporate management to our consultations. As business brokers, we offer the expertise you need to maximize the value of your business.
Need assistance with the management side of your business? Help with financing to ensure continued growth? Guidance as you get ready to sell your business? Your local Murphy Business office can help.
Types of Business Consulting Services Provided
Prepare for Sale of the Business
You’ve worked hard to build your business, and now you want to sell it. Will you get fair value for your efforts? Determining the value of a business is often the first step in the process of selling a business. But it shouldn’t stop there. If your business has multiple segments, do you understand how much profit is being contributed by each of these segments? This is a very important element of the strategy of selling your business. Our business consulting services can help you analyze your business to maximize its value. We can also identify sources of value and areas of your business that can be improved. For example, does the business have excess assets that can be sold before the sale of the business without impacting the value of the business?
Retirement/Exit Strategy Planning
Most business owners don’t plan ahead for the sale of their business. When they decide to sell, the business may not be worth what they’d hoped. Don’t wait until the last minute to plan your retirement or exit strategy. Your succession planning should begin well in advance of your planned exit from the business. Your planning should actually begin on day one! A formal plan for a transfer of ownership should be one of your top priorities. Don’t leave your spouse or heirs in the position of having to make the biggest business/financial decision of their lives without a comprehensive plan.
Cash Flow Problems
Limited cash flow is typically the number one reason for business consulting services. Contrary to what many people think, a growing business normally requires more cash than a dying business. If you require additional capital, there is no shame in hiring a consultant. In fact, it’s often the smartest decision you can make for your business.
Obtaining Loans/Financing
Applying for bank loans or financing for your business can be frustrating and time-consuming. With help from your local Murphy Business office, it’s much easier. Through our Preferred Partner program, we offer Commercial Loan Consultants who work with you to navigate the SBA or conventional loan processes.
Declining Profits/Sales
Many companies are faced with rising prices for raw materials and labor. At the same time, customers are as resistant to price increases as ever. Our business consulting services can help you reclaim profitability with a detailed plan to decrease expenses while increasing income.
Business Growth
Having trouble growing your business? Our consultants can help identify which segment of your business is most profitable, helping us chart the best path to business growth. We’ll also assist in the development of a Sales and Marketing Plan to support your growth trajectory.
Strategic Planning/Business Plan Development
As the old phrase goes, “If you don’t know where you’re going, it doesn’t matter how you get there.” Every business needs a plan if it’s going to succeed. What’s more, many lenders require detailed business plans before they’ll approve a loan or a credit line. Our consultants can help you develop a strategic plan for your business, one focused on short-term development and long-term viability.
