Statistically speaking, most new business fail within the first five years. There are many explanations: a poorly defined market, inadequate capital, inferior product, inadequate customer service and poor execution, as examples. Business failure results in loss of capital, considerable personal and family stress and even personal bankruptcy.
How Silver + Goren Can Help
We can improve your chances of success dramatically by helping you develop, refine and implement your business, marketing and financial plans. By offering constructive suggestions and proactive advice aimed at helping you improve your business model, we can substantially improve your probability of building a successful business. From the beginning we provide an objective assessment of the effectiveness of your business model and feedback on how to proceed to help reduce the chances of getting involved in an unsuccessful business.
Once you launch, we develop systems and processes to help implement your business plan and provide ongoing feedback. We help establish a record-keeping system, negotiate the thicket of government regulation and compliance and develop a tax minimization plan and process to ensure timely and appropriate tax compliance.
If you’re buying a business or acquiring a franchise, we provide proactive advice and assistance as to the most appropriate price to pay, how to structure the acquisition, evaluate the tax ramifications and help in negotiations to optimize your chances of success.
For contractors. professionals and consultants, we help develop your contracts to ensure you comply with CRA requirements for self-employment and a record-keeping system that is low-cost and easy to follow.