Startup Story: Marvin Garellek – Business Plan Pro

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Name
Marvin Garellek

Company name
ICBB

marving@icbb.com
http://businessplanworks.com

What does your business do?
Our business helps entrepreneurs prepare a business plan to start up and raise financing. The target market is startups and existing business that want to plan to grow and get financing.

Quickly prepare a business plan that makes your case to prospective financial partners. Simply by interacting with the data and tools in the wizard’s dialogs, you frame your vision in a comprehensible document–complete with goals, strategies, and financial projections that measure success–ready to print and present.

Why did you decide to start your own business?
I’ve always wanted to be an entrepreneur and have been for 32 years. After selling my advertisign business, I wanted to create my own product, since I was always helping other companies market their products. I came up with an idea for a Marketing Plan software – the world’s 1st. I spent 6 months developing it and launched in Oct 1992. It is now part of our current offering Plan A Business PlanWorks business plan software.

What’s the best part of being an entrepreneur?
Being your own boss. Determing my own future. Working with entrepreneurs. Helping other people become successful. All of the above.

What’s the worst part of being and entrepreneur?
The worst part is deciding what to do first. Should I help my customers or find new ones or vice versa. Staying organized and focused is the hardest part, but one of the most important.

How long have you been in business?
17 years in this business

How did you raise the start-up cash?
Bootstrapped and self funded until sales got going then Igot a bank loan

Identify and discuss a few lessons you’ve learned as an entrepreneur?
Develop a business plan that includes a marketing and finacial plan. Do market reasearch to understand you market potential. Follow your cash flow daily if you can or least weekly. Customer service is #1.

What advice would you give to an aspiring entrepreneur?
Look at your strengths, but also look at your weaknesses. Be honest with yourself. Get advice from professionals, mentors, customers, supplier. Ask questions. Stick to it. Live your dream of success.

What are your goals and plans for the future?
My goal to to achieve my vision of lifetime success and I plan on it.

To find out more about Marvin and Business Plan Works take a look at http://businessplanworks.com

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