Clichés exist for a reason. They are often proven to be correct time and again. One of our favorites at Whyte & Associates, Inc. is “fail to plan, plan to fail.” Of course, when starting a business, no one sets out with “planning to fail.” But if the bright-eyed and enthusiastic entrepreneur is not intentional in identifying and continuously reassessing strategies to achieve specific goals, that business will likely fall and not thrive. By visiting this website, you are already taking the first steps toward planning to succeed and sustaining those successes.
One of the best things you can do for your first or next venture is establish an “advisory team.” We welcome members of our clients’ “cabinets.” We are available as a trusted resource with which our clients from across the greater Los Angeles area can pose specific questions or scenarios as changes, challenges, and potential opportunities arise.
Additionally, we can work with other disciplines or members of one’s “board of advisors” on recommendations that are in the best interests of our clients’ businesses; for instance, no advisory team would be complete without also including professionals in the legal, banking, and other “spaces,” too. We do not pretend to know the ins and outs of these industries. But we do surround ourselves with good and honest people. These same professionals turn to us when their clients are at an impasse and need credible and reliable accounting, tax, and financial insights.
By taking a long-range view to partnering with each client and their extended teams, we also ensure that planning is never left to another day. We encourage our clients to explore “womb to tomb” considerations. So they are not forced to make hasty decisions based on illnesses, accidents, or other unforeseen life events and circumstances. On one end of the spectrum, we aid in business formation and incorporating the organization properly. These and other efforts set your venture up for success right from the start. On the other end of the spectrum, we provide insights into necessary pivots with time and as industries and economies change. There may even be some situations and circumstances where dissolution is the best option. But you want to be able to make that decision on your own terms, without external forces and sudden life events forcing your hand.
Of course, we see these services as bookends. Your business’s real story is all the stuff that happens in the middle between these bookends. And we will be there at every stage and every phase, no matter what life brings, just as we have been here for our valued clients for the past 65-plus years. Let’s get a conversation going! Call (909) 575-0080 to reach Whyte & Associates, Inc. in Rancho Cucamonga, CA.