Samson Consulting Group
Samson Consulting Team
President
Steve W. Hurst
Steve Hurst is a seasoned entrepreneur and dedicated small business advocate who brings valuable firsthand experience to our team. His expertise spans strategic planning, financial management, marketing, and operations, making him a well-rounded advisor for fellow business owners. Steve is particularly skilled in helping entrepreneurs establish strong corporate credit profiles and separate personal from business finances, a crucial step in protecting assets and fostering business growth.
As a mentor, Steve excels in guiding business owners through financial challenges and growth opportunities. His practical approach to risk management, cash flow planning, and credit enhancement has made him a trusted advisor in the entrepreneurial community. Steve's mission is to empower business owners to realize their full potential, leveraging his deep understanding of business finance and development to provide clear, actionable insights. His combination of practical experience and financial acumen makes him an invaluable asset to our team and the businesses we serve.
Executive Vice President
Steven Greene
Steven Greene brings over three decades of expertise in financial services to our team. His extensive experience spans equipment financing and leasing, asset-based lending, and working capital finance. As a partner in a successful commercial finance company and through roles with national and international banks, Steven has developed a deep understanding of financial strategies for businesses across various sectors, including construction, manufacturing, high tech, agricultural, distribution/logistics, and franchising.
Prior to his career in financing, Steven held senior positions in corporate finance, including roles as a senior financial analyst and financial controller. His experience extends to managing finances for a regional division of a Fortune 500 corporation and working with a Private Equity company. Steven's diverse background in both commercial financing and corporate financial management provides valuable insights to guide our company's financial strategies and growth initiatives.
Executive Vice President
James C. Lewis
As Executive Vice President of Samson Consulting Group, James brings a wealth of experience in finance and business strategy to our team. His expertise is complemented by a proven track record in team training and development, leading professional teams to success through deep insights into business aspirations and effective resource management.
James is passionate about empowering entrepreneurs and small businesses. He specializes in financial literacy and business credit development, helping business owners understand and improve their credit profiles to secure capital at favorable terms. His firsthand consulting approach has guided numerous entrepreneurs through the complexities of business expansion, turning their visions into reality.
With a commitment to client success, James excels in securing critical resources like capital and credit. He has worked exclusively with high-net-worth individuals managing investable assets of $500,000 and above. James's dedication to empowering entrepreneurs, combined with his proficiency in finance and business strategy, makes him a valuable advisor in the entrepreneurial domain and a key asset to our team.
Why Samson Consulting Group
Samson Consulting Services
A complete suite of consulting and services for SMBs.
Complete Business Valuations
At Samson Consulting, we offer a comprehensive business valuation service tailored for SMBs. Our approach makes high-quality valuations accessible at the most competitive price point, providing small to medium businesses with the insights needed to drive their growth and decision-making.
Provide More Value
The Samson Consulting Fundability Program is designed to empower SMBs. This unique program eliminates the need for personal guarantees and enables businesses to build stronger credit profiles, paving the way for enhanced financial opportunities and growth.
SMB Strategy Consultations
Our SMB Strategy Consulting program helps small and medium-sized businesses lay a robust foundation for scaling. With strategic insights and practical advice, we guide SMBs through the complexities of growth to ensure they are well-positioned for success.
Management and HR Consulting
Samson Consulting provides Management and HR Consulting to help leadership teams adopt and implement strategies that have proven successful in billion-dollar companies. Our services equip management with the tools to optimize performance and drive significant business improvements.
Samson Consulting Group FAQ's
Answers To Common Questions
What is the difference between Business Credit and Corporate Credit?
Business Credit is tied to a personal guarantee made by the business owner. It is tied to the personal credit of the owner and their Social Security number.Corporate Credit is tied to the EIN of the Corporation or LLC. There is no personal guarantee.To learn more, book an appointment.
Can you explain the three primary pillars of Samson Finance Suite?
At Samson Finance Suite, we operate on three fundamental pillars: Business Credit Building, Business Funding, and Business Financial Management.These pillars are the bedrock of our mission to empower businesses. Business Credit Building is all about helping businesses establish and grow their credit profiles. Business Funding focuses on providing businesses with diverse funding options tailored to their unique needs.And lastly, Business Financial Management is about equipping businesses with the tools and resources they need to manage their finances efficiently. These pillars are not standalone services but interconnected elements that work together to support businesses in achieving their financial goals.
What are the challenges businesses face due to limited access to credit?
Limited access to credit can pose several challenges for businesses. It can restrict a business's ability to invest in growth opportunities, manage cash flow effectively, or navigate through financial difficulties. Businesses may find it difficult to secure loans or other forms of financing due to stringent lending requirements, limited credit history, or risk aversion from lenders.At Samson Finance Suite, we help businesses build their business credit profiles and improve their access to credit.
Can you share some factors that contribute to the success of small to medium-sized businesses?
Sure thing! There are several key factors that contribute to the success of small to medium-sized businesses:
Effective Financial Management: Businesses that effectively manage their finances, including cash flow and credit, are more likely to succeed. This is where Samson Finance Suite can play a crucial role, providing tools and resources to help businesses manage their finances effectively.
Strong Market Demand: Businesses that offer products or services in demand by the market have a higher chance of success. It's important for businesses to conduct thorough market research and understand their target customers' needs.
Quality Products or Services: Offering high-quality products or services that meet or exceed customer expectations can set a business apart from its competitors.
Excellent Customer Service: Businesses that provide excellent customer service can build strong relationships with their customers, leading to repeat business and referrals.
Adaptability: The ability to adapt to changes in the market, including customer preferences and competitive dynamics, is a key factor in business success.
Effective Marketing: Businesses need to effectively market their products or services to reach their target customers. This includes having a strong online presence and using social media effectively.
Experienced Management: Having a competent and experienced management team can guide the business towards success.
These are just a few factors. The success of a business often depends on a combination of these and other factors, and varies from one business to another.
How does ineffective management contribute to business failure?
Ineffective management can be a major roadblock to a business's success. It can lead to poor decision-making, lack of strategic planning, and inefficient operations. Without a clear vision and strong leadership, a business can quickly lose its direction and fail to meet its objectives.
What is the Success and Failure rate of Small to Medium Sized Businesses?
The success and failure rates of small to medium-sized businesses can vary depending on several factors. While I don't have real-time statistics, I can provide you with some general insights based on historical data:
Success Rates: According to the Small Business Administration (SBA), about 80% of small businesses survive the first year. However, the success rates decline over time, and only around 50% of businesses make it past the five-year mark. Factors such as strong market demand, effective management, financial stability, and adaptability contribute to higher success rates.
Failure Rates: The failure rates for small to medium-sized businesses can be challenging to determine precisely, as it varies across industries and regions. However, studies have shown that approximately 20% of small businesses fail within their first year, and by the end of the fifth year, the failure rate increases to around 50%. Common reasons for business failure include insufficient capital, poor financial management, inadequate market research, fierce competition, and economic downturns.
It's important to note that these statistics provide a general overview, and the success or failure of a business depends on various factors, including industry, management expertise, market conditions, and the ability to adapt to changing circumstances. It's always recommended for entrepreneurs and business owners to conduct thorough market research, develop a solid business plan, and seek professional advice to increase their chances of success.
Try Samson Consulting Group
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