The Suit Magazine

With the nation’s unemployment rate at about nine percent, plenty of big thinkers are using their spare time to start independent businesses. But owning a company comes with a host of new challenges; according to the Small Business Administration, about 30 percent of businesses fail in the first two years. There is no magic formula for success, but for Jeffrey Pan, owner of Pan Professional Services, it helped to have grown up in an entrepreneurial family. “The parental influence, in terms of industry and entrepreneurship, was significant,” he said.

Both of Pan’s parents were small business owners and managers of federal contracts, and he cites family support as one of the reasons he was able to start his first business—Digital Solutions, Inc., which provides IT support for the federal government—and grow it for 16 years. After doing an average of $15 million in sales for five years, Pan sold Digital Solutions to Bart & Associates, Inc. in 2008, staying on as president until 2010. “I believe Jesus Christ blessed Digital Solutions and me with success,” said Pan.

Now, the serial entrepreneur is using his time and effort to start Pan Professional Services. His new business targets providing acquisition support for the federal government, helping the government draft statements of work, and acquisitions plans. When there is no conflict of interest, Pan also works with businesses that seek to bid on federal contracts.

To help his clients in any way possible, Pan Professional Services offers a range of options. These include management consulting, proposal development and cost accounting support. Although the market is more competitive now than in 1992 when he first entered the industry, “that doesn’t mean there’s not room for people to succeed,” said Pan. “Effort is for man, but the outcome is up to God.”

For more information please visit: http://pan-pros.com

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