BizMiner for Startups
Industry Statistics for your startup business plan
BizMiner offers a lot of useful information, much of it unique to the BizMiner databases, to help entrepreneurs. We have entire reports and sections of others devoted to startups and small business.
Our easy-to-use, easy-to-understand BizBenchmarker series has the business plan detail you need from a financial statement. Our Industry Financial series includes complete financial benchmarks for small business segments in over 5,000 industries. Since our financial reports are available at both national and local levels, startups can access information that often matches their size and market area, facilitating the benchmarks required for business plan and projections. A startup transmission repair shop owner in Birmingham, AL, for example, can access a report benchmarking that exact industry and market area with small business benchmark option for sales in either the $1-$499,999 or $500,000-$999,999 range.
BizMiner even produces a Startup Profit & Loss Report that specifically analyzes startup operations in the same industry at the national level. The Startup report is similar to an IRS sole proprietorship Income-Expense statement.
BizMiner’s Industry Market Report series includes additional startup and small business information on 9,000 industry segments. Just select your industry and a market area (US, any state, metro, county of up to 25 zip codes). Startup information specific to your industry and selected market includes:
- industry startup population (one year or less)
- average industry startup sales
- total startup market volume and as a per cent of the industry
- startup cessation (failure) rates
- startup activity indexed against the overall industry
- additional small business industry segment information including population, average sales and small business market share
This crucial information forms the competitive backdrop to your business plan, your marketing plan - or to your evaluation of whether to go full steam ahead. It also helps you create your own performance and market targets, and alerts you to obstacles that you might need to address as you tell your story to a bank or investors.
A great complementary resource is the “The Hockey Stick Principles: The 4 Key Stages to Entrepreneurial Success” by Bobby Martin, founder and chairman of BizMiner partner Vertical IQ.