FOR IMMEDIATE RELEASE Contact:
Cynthia Lucenius-Schick
(908) 303-9099
One-Stop/One Source Center for Entrepreneurs Opens in Virginia
Tidewater Area, VA - March 5, 2007 - Future business owners and current entrepreneurs
now have a premier resource for career coaching and business advisory services in
the Tidewater area. The Entrepreneur's Source® (TES) and Business Adviser's
InternationalSM (BAI) have awarded a co-branded franchise to local businessman Mike
Byrne, resident of Kilmarnock, and current TES coach. Nationally, TES & BAI dominate
the coaching and advisory industry market with a 33% share.
"With this co-branded franchise, we can offer a complementary blend of career
coaching services from TES and business advisory services from BAI to the over 36
thousand businesses in the Tidewater area," say Mike Byrne, President of Venture
Consulting.
"As a TES coach, I saw the need to provide continuing assistance to start-ups
companies wanting to ramp up quickly and produce results," states Mike Byrne.
"There are many threats to small and midsize companies, and with the BAI AdviCoach®
Advantage system, we are extensively trained to help manage these threats and turn
them into profits for our clients."
With the new franchise licenses, Byrnes is currently staffing up his coaching firm
to develop the market in the Tidewater area. His plans are then to expand his TES/BAI
services to the Richmond and Northern Virginia area.
The Office of Advocacy of the U.S. Small Business Administration recently released
data that show in 2005, small businesses represented 97.9% of all of Virginia's
employer businesses. In 2005, there were over 25,000 new businesses in Virginia,
3.8% more than 2004. Firms owned by women now represent nearly 30% of the state's
total businesses. In addition, African- American owned businesses accounted for
10% of the state's businesses, followed by Asian-owned (6%) and Hispanic-owned
(3%).
"We are thrilled to have Mike Byrne, with his impressive business background,
as a franchise partner of TES and BAI," says Terry Powell, CEO and Founder
of TES and BAI. "He's already a proven coach with TES, now adding business advisory
to his menu of services will positively affect the economy of the Tidewater area,"
he added.
"We'll be targeting both start-ups and existing small and medium sized
businesses," says Byrne. "The market is ripe for coaching and advisory
services that offer support in both identifying the right business opportunity and
then partnering with the business owner to ensure its success," he added.
For more information on alternate career options, franchise opportunities and business
consulting support, you can reach Mike Byrne at (804) 435-7804 or email him at mike@tesource.net.
U.S. Bureau of Labor Statistics 2005 research shows that, across all sectors, 45%
percent of new independent business failures happen within 2 years of opening. According
to a Right Management Consultants survey, about 47% of organizations surveyed see
coaching as essential to their decision-making.
About The Entrepreneur's Source
The Entrepreneur's Source (TES) is North America'leading career and business
coaching company with more than 250 offices in the United States and Canada. TES
offers a full range of services to individuals seeking alternate career options
and to small-to-medium size companies looking to increase performance. The goal
of The Entrepreneur's Source is to partner with both individuals and companies
to achieve their desired outcome. TES was recently ranked in the Franchise 500 by
Entrepreneur Magazine.
About Business Advisers International
Business Advisers International (BAI) is the premiere source for business coaching
and advisory services customized for small to midsize businesses. With its unique
AdviCoach Advantage system, BAI provides relationship-based coaching backed by a
team of professionals who can provide Rapid Impact Solutions to its clients. BAI
was recently ranked in the Top 100 new franchises by Franchise Market Magazine and
in the Franchise 500 by Entrepreneur Magazine
Click here for more information on the Entrepreneur's Source Franchise
Click here for more information on Business Advisers International
