Aside from being involved in all aspects of his own company, MCE123, that has successfully been in business since 1999 - Patrick R. McElhiney has helped to develop and plan out many other companies in the past, including clients of MCE123, friends' companies, and school projects. Patrick is skillful in the development of business plans, that can be used to leverage funding from banks and other institutions such as the Small Business Administration. It is uncommon for a business to be successful without having gone through a business planning process, and a lot of the companies that Patrick has worked to plan out have been successful, such as:
- T.N.T. Productions Disc Jockey Service [Modesto, CA]
- Turlock City News [Turlock, CA]
While business planning services do help to improve the odds of a business becoming successful, it isn't the all seeing eye for success. However, Patrick has done business planning for companies that have not been successful as well, and he knows how to spot a company that will be successful vs. a company that will not be successful, and it usually can be determined based on the business plan and the history of the company. If the company's officers aren't experienced enough, and don't have the financial resources to start the company, they will most likely fail within the first year. However, if the business is being started by someone who has already been in the trade, and already has financial resources saved up, it will most likely be successful past the first year.
These skills would be useful in organizations such as the SBA, or in banks or other financial institutions that usually loan money to companies, whether they be start-up companies or existing companies. These skills are also useful for developing new companies directly.
