Business Management Advisor Jorge Velez Helps Startups And Sluggish Companies Towards Profitability!

Jan. 28, 2013 - PRLog -- Wealth Advisor Jorge Velez of Real Estate Wealth Advisors, LLC, states “Given the economic landscape of recent years, many people felt the need to venture out on their own.  A recent report by the Global Entrepreneurship Monitor stated that 12.3% of the U.S. population was actively engaged in starting or running a new business in 2011, a staggering 60% increase from 2010.  Now you can take this information in 1 of 2 ways; either the economy is rebounding at a favorable rate or people started new businesses out of necessity, because they had no other sources of income.  

Either way, what’s ominous is that according to the research foundation, Ewing Marion Kauffman Foundation, 20% of start-ups fail within the first year.  But why?  Conventional wisdom dictates some reasons are poor marketing; not meeting the needs of the customers; and the big issue of not having the right management team in place.  

Many of these start-ups may have a great product, idea, or service but the proprietors don’t have the managerial know-how or experience to operate a business.  Others may have the managerial experience, but burn out trying to run the many aspects of the business.  Now I don’t want to only pick on the new guys.  Even more established companies have failed for many of the same reasons as start-ups, thus producing sluggish results leading to weak profit margins and instability vs sustainability. Most companies are struggling and needing help in achieving higher profits, improved efficiencies, increased market share, and a greater emphasis on innovative thinking.”

As a result the Virtual CEO or Virtual Management concept has been trending upward in recent years.  Forbes published an article that The 3 Jobs Your Startup Should Outsource (http://www.forbes.com/sites/theyec/2012/10/29/the-3-jobs-...) are the CFO, accounting and HR functions.  Virtual Management allows the entrepreneur to focus on providing the best product or service while partnering with a Virtual Management team to help in operations of the organization. Here at Real Estate Wealth Advisors we are excited about 2013, as we are doing our part towards yielding resolve for start ups and incubator companies!” As our CEO Patrick Dean states, “There are no problems, only solutions!”  Jorge Velez is a champion for entrepreneurs who are seeking much more!

Jorge can be contacted at 561.953.9800 or by email: info@rewealthadvisors.com for a no obligation, Business Management expert consultation.

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