TO THE RESCUE
There are many professions where the professional is advised to not get personal with the patient or client, and that is typically true in most cases, but when you are in my profession as a business consultant and you have clients that have made serious business errors, sometimes un-recoverable or start-up pioneers and you are cognizant of the sacrifices the latter (early stage entrepreneurs) make from borrowing every last dime from parents, siblings, other relatives and friends, plus unending dedication, at least someone like myself wants to help them before it is too late, even as it applies to family owned businesses (succession) or just Dad’s company.
Maybe it is because I have been there and done that, starting and growing three businesses; pledging my home and losing it to a bank called note from a so-called community bank, who advertised their community spirit but still needed borrower value-added collateral or no loan, regardless of the assets of the business, which in many cases are usually exhausted by the time a visit to the bank is necessary and the appeal goes for naught and the need for greater working capital to expand is met with too many turn-downs, thus the need for a battle-hardened, battle-tested advisor emerges.
I am no hero, but I try to help wherever my experience can help or be effective, which is why I do what I do, much like my book explains (Entrepreneurial Decision Making). My own experiences, both good and bad can and does help from debt financing and re-financing to finding synergy partners; from contract manufacturing to licensing and from advice on staying the course, bankruptcy to selling the business.
Our clients come form many different walks of life, from first generation owner/founders to second generation inheritance; from recently fired/job loss to controlling their own destiny; from good businesses that are falling on bad times to existing businesses needing growth advice.
Our company has a smorgasbord of business opportunities for the newly minted entrepreneurs to seasoned business persons wanting to get involved in our client’s business.
Mitchellette and Associates; LLC