Start-up Funding | |
Start-up Expenses to Fund | $5,500 |
Start-up Assets to Fund | $195,000 |
Total Funding Required | $200,500 |
Assets | |
Non-cash Assets from Start-up | $45,000 |
Cash Requirements from Start-up | $150,000 |
Additional Cash Raised | $0 |
Cash Balance on Starting Date | $150,000 |
Total Assets | $195,000 |
Liabilities and Capital | |
Liabilities | |
Current Borrowing | $0 |
Long-term Liabilities | $100,000 |
Accounts Payable (Outstanding Bills) | $1,000 |
Other Current Liabilities (interest-free) | $0 |
Total Liabilities | $101,000 |
Capital | |
Planned Investment | |
Investor 1 | $49,750 |
Investor 2 | $49,750 |
Additional Investment Requirement | $0 |
Total Planned Investment | $99,500 |
Loss at Start-up (Start-up Expenses) | ($5,500) |
Total Capital | $94,000 |
Total Capital and Liabilities | $195,000 |
Total Funding | $200,500 |
BSC offers a list of services for business owners to choose from, depending on their particular business needs.
Start-up services include business plan preparation, marketing plan preparation, and financing search and procurement. Ongoing services include business plan updates, marketing plan updates, search and procurement of additional rounds of financing, management development, IT consulting services, e-commerce consulting services, operational advising, and human resources advising.
BSC is flexible, working with its clients in the fashion preferred by the client, be it on-site, remotely, or a combination of both. BSC typically works on a project in a team fashion to assist the client in all areas of the business simultaneously. This allows for all parties involved to be in sync in terms of understanding the interconnections of all functional areas of the business.
Market Analysis | |||||||
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |||
Potential Customers | Growth | CAGR | |||||
Start-Up Companies | 10% | 1,900,000 | 2,090,000 | 2,299,000 | 2,528,900 | 2,781,790 | 10.00% |
1-3 Year Old Companies | 8% | 900,000 | 972,000 | 1,049,760 | 1,133,741 | 1,224,440 | 8.00% |
3 + Year Old Companies | 6% | 400,000 | 424,000 | 449,440 | 476,406 | 504,990 | 6.00% |
Other | 0% | 0 | 0 | 0 | 0 | 0 | 0.00% |
Total | 8.96% | 3,200,000 | 3,486,000 | 3,798,200 | 4,139,047 | 4,511,220 | 8.96% |
Start-up companies often are in need of expert advice and planning in initiating a successful start-up. It is believed that a majority of start-ups actually seek out consulting assistance. Those that do typically are searching for a comprehensive area of services.
1-3 Year Old Companies
Young companies, between 1 and 3 years old are less likely to be searching for expert business consulting services. Typically, they have already secured financing and have developed a satisfactory level of security. However, these businesses are still in the beginnings of their overall cycle and in most cases need the broad expertise of a team of expert consultants.
3 + Year-Old Companies
Established companies make up the final segment, and is significantly smaller than the start-up segment. The established company segment typically has a need for a less comprehensive range of services. These entities are in need of specialized services in one or two disciplines, e.g., operational planning or human resources.
Start-up companies are the target market of this firm. BSC intends to stay on the pulse of new business activity within the local area. Additionally, business contacts, referrals from among the group, and Internet marketing efforts will be made in pursuit of new clients.
Start-up company owners often lack the broad range of knowledge and expertise required to launch a new business. There is a serious need in the marketplace, and certainly a significant demand for, these types of start-up consulting services.
The business consulting industry is very fragmented. Several large multi-national companies dominate the industry while many smaller (and often more specialized) firms occupy their market niches. Major management consulting companies, such as McKinsey, Bain, and Boston Consulting Group, have established their dominant position by providing services to the leading companies in various industries. Consulting practices of the major accounting firms (a.k.a. the Big Five) have established worldwide presence and sell their packaged services to companies of different sizes and industries. At the same time, numerous firms and individual business consultants prosper in the market niches that bigger players consider unprofitable to enter.
Competitors in the forefront of the marketplace typically offer information-based consulting, integration and management services. Services are designed to increase clients’ operations effectiveness through reduced cost, improved customer service, enhanced quality of current product lines and services, and a more rapid introduction of new products and services. Competitors also offer industry-specific expertise to objectively evaluate, select, develop, implement, and manage information systems, networks, and applications.
Consulting services are becoming more focused on technology-based solutions to help clients improve cost management, quality, service, and research and development to obtain differentiation and competitive advantage. E-strategy services are being provided to business and IT executives with education, insights, and strategies to utilize the power of the Internet to improve their performance. E-strategy services include executive visioning, business strategy, planning for e-business initiatives, user design, and intellectual capital formation. IT strategy consulting services are focusing on the use of IT to support business goals, and to leverage the power of the Internet to transform the way products and services are distributed and retailed.
Strategic planning consulting services typically consist of strategic alignment (which includes IT strategic planning and governance, alignment of IT and process, and future focus and regulatory requirements), IT department operational excellence (which includes fiscal responsibility, infrastructure, IT department processes, data center operations, and IT human resources management), and IT value realization (which consists of performance measurement, business integration (people, process and technology), change management and application investment). Performance improvement services consist of process redesigning to reducing administrative costs, improving financial performance, engaging and retaining customers, and improving accountability and reporting.
Other commonly found services among competitors include long-term IT management expertise, as well as a wide range of management services including assessment/due diligence, program management, discrete outsourcing, and full IT outsourcing services.
BSC intends to succeed by offering companies a comprehensive range of multi-cycle business planning solutions.
BSC intends to succeed by offering companies a comprehensive range of multi-cycle business planning solutions. The company will strive to optimize its billing hours. The following table outlines the sales forecast for the next three years.
Sales Forecast | |||
Year 1 | Year 2 | Year 3 | |
Unit Sales | |||
Business Plans | 191 | 397 | 763 |
Start-Up Consulting | 175 | 364 | 699 |
Annual Reviews | 223 | 464 | 890 |
Other Ongoing Business Consulting | 223 | 464 | 890 |
Total Unit Sales | 812 | 1,688 | 3,242 |
Unit Prices | Year 1 | Year 2 | Year 3 |
Business Plans | $1,500.00 | $1,500.00 | $1,500.00 |
Start-Up Consulting | $1,500.00 | $1,500.00 | $1,500.00 |
Annual Reviews | $1,000.00 | $1,000.00 | $1,000.00 |
Other Ongoing Business Consulting | $1,500.00 | $1,500.00 | $1,500.00 |
Sales | |||
Business Plans | $286,508 | $595,937 | $1,144,199 |
Start-Up Consulting | $262,633 | $546,276 | $1,048,850 |
Annual Reviews | $222,840 | $463,507 | $889,933 |
Other Ongoing Business Consulting | $334,260 | $695,260 | $1,334,899 |
Total Sales | $1,106,240 | $2,300,980 | $4,417,881 |
Direct Unit Costs | Year 1 | Year 2 | Year 3 |
Business Plans | $0.00 | $0.00 | $0.00 |
Start-Up Consulting | $0.00 | $0.00 | $0.00 |
Annual Reviews | $0.00 | $0.00 | $0.00 |
Other Ongoing Business Consulting | $0.00 | $0.00 | $0.00 |
Direct Cost of Sales | |||
Business Plans | $0 | $0 | $0 |
Start-Up Consulting | $0 | $0 | $0 |
Annual Reviews | $0 | $0 | $0 |
Other Ongoing Business Consulting | $0 | $0 | $0 |
Subtotal Direct Cost of Sales | $0 | $0 | $0 |
Our competitive edge is the team approach of consultants who are each focused in one or two business disciplines.
Andrew B. Christiansen has extensive experience in business planning and finance, including CFO positions with ABC Conglomerate and DEF International. David E. Fields brings in experience in the area of marketing, advertising, and communications.
The following table illustrates the personnel plan for the next three years. No major changes in headcount are planned.
Personnel Plan | |||
Year 1 | Year 2 | Year 3 | |
Owner / Consultants | $600,000 | $660,000 | $726,000 |
Other | $0 | $0 | $0 |
Total People | 6 | 7 | 8 |
Total Payroll | $600,000 | $660,000 | $726,000 |
BSC expects to raise $100,000 as its own capital, and to borrow $100,000 guaranteed by the SBA as a 10-year loan. This provides the bulk of the current financing required.
BSC’s Break-even Analysis is based on the average of the first-year figures for total sales by salaries, bonuses costs, and all other operating expenses. These are presented as per-unit revenue, per-unit cost, and fixed costs. These conservative assumptions make for a more accurate estimate of real risk. Such analysis shows that BSC will break-even by the tenth month of operations.
Break-even Analysis | |
Monthly Units Break-even | 56 |
Monthly Revenue Break-even | $76,150 |
Assumptions: | |
Average Per-Unit Revenue | $1,362.36 |
Average Per-Unit Variable Cost | $0.00 |
Estimated Monthly Fixed Cost | $76,150 |
As the profit and loss table shows, BSC expects to continue its steady growth in profitability over the next three years of operations.
Pro Forma Profit and Loss | |||
Year 1 | Year 2 | Year 3 | |
Sales | $1,106,240 | $2,300,980 | $4,417,881 |
Direct Cost of Sales | $0 | $0 | $0 |
Other | $0 | $0 | $0 |
Total Cost of Sales | $0 | $0 | $0 |
Gross Margin | $1,106,240 | $2,300,980 | $4,417,881 |
Gross Margin % | 100.00% | 100.00% | 100.00% |
Expenses | |||
Payroll | $600,000 | $660,000 | $726,000 |
Sales and Marketing and Other Expenses | $216,600 | $227,430 | $238,802 |
Depreciation | $6,000 | $6,300 | $6,615 |
Utilities | $1,200 | $1,266 | $1,336 |
Payroll Taxes | $90,000 | $99,000 | $108,900 |
Other | $0 | $0 | $0 |
Total Operating Expenses | $913,800 | $993,996 | $1,081,652 |
Profit Before Interest and Taxes | $192,440 | $1,306,984 | $3,336,229 |
EBITDA | $198,440 | $1,313,284 | $3,342,844 |
Interest Expense | $8,050 | $6,065 | $5,356 |
Taxes Incurred | $45,725 | $325,230 | $846,597 |
Net Profit | $138,666 | $975,689 | $2,484,276 |
Net Profit/Sales | 12.53% | 42.40% | 56.23% |
As the cash flow statement illustrates, BSC expects to maintain a steady rate of cash flow over the next three years of operations.
Pro Forma Cash Flow | |||
Year 1 | Year 2 | Year 3 | |
Cash Received | |||
Cash from Operations | |||
Cash Sales | $1,106,240 | $2,300,980 | $4,417,881 |
Subtotal Cash from Operations | $1,106,240 | $2,300,980 | $4,417,881 |
Additional Cash Received | |||
Sales Tax, VAT, HST/GST Received | $0 | $0 | $0 |
New Current Borrowing | $0 | $0 | $0 |
New Other Liabilities (interest-free) | $0 | $0 | $0 |
New Long-term Liabilities | $0 | $0 | $0 |
Sales of Other Current Assets | $0 | $0 | $0 |
Sales of Long-term Assets | $0 | $0 | $0 |
New Investment Received | $0 | $0 | $0 |
Subtotal Cash Received | $1,106,240 | $2,300,980 | $4,417,881 |
Expenditures | Year 1 | Year 2 | Year 3 |
Expenditures from Operations | |||
Cash Spending | $600,000 | $660,000 | $726,000 |
Bill Payments | $327,069 | $640,332 | $1,156,442 |
Subtotal Spent on Operations | $927,069 | $1,300,332 | $1,882,442 |
Additional Cash Spent | |||
Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 |
Principal Repayment of Current Borrowing | $0 | $0 | $0 |
Other Liabilities Principal Repayment | $0 | $0 | $0 |
Long-term Liabilities Principal Repayment | $36,000 | $6,700 | $7,486 |
Purchase Other Current Assets | $0 | $0 | $0 |
Purchase Long-term Assets | $0 | $45,000 | $55,000 |
Dividends | $0 | $0 | $0 |
Subtotal Cash Spent | $963,069 | $1,352,032 | $1,944,928 |
Net Cash Flow | $143,171 | $948,947 | $2,472,953 |
Cash Balance | $293,171 | $1,242,118 | $3,715,072 |
Following is a copy of the company’s projected balance sheet.
Pro Forma Balance Sheet | |||
Year 1 | Year 2 | Year 3 | |
Assets | |||
Current Assets | |||
Cash | $293,171 | $1,242,118 | $3,715,072 |
Other Current Assets | $20,000 | $20,000 | $20,000 |
Total Current Assets | $313,171 | $1,262,118 | $3,735,072 |
Long-term Assets | |||
Long-term Assets | $25,000 | $70,000 | $125,000 |
Accumulated Depreciation | $6,000 | $12,300 | $18,915 |
Total Long-term Assets | $19,000 | $57,700 | $106,085 |
Total Assets | $332,171 | $1,319,818 | $3,841,157 |
Liabilities and Capital | Year 1 | Year 2 | Year 3 |
Current Liabilities | |||
Accounts Payable | $35,505 | $54,164 | $98,711 |
Current Borrowing | $0 | $0 | $0 |
Other Current Liabilities | $0 | $0 | $0 |
Subtotal Current Liabilities | $35,505 | $54,164 | $98,711 |
Long-term Liabilities | $64,000 | $57,300 | $49,814 |
Total Liabilities | $99,505 | $111,464 | $148,525 |
Paid-in Capital | $99,500 | $99,500 | $99,500 |
Retained Earnings | ($5,500) | $133,166 | $1,108,855 |
Earnings | $138,666 | $975,689 | $2,484,276 |
Total Capital | $232,666 | $1,208,355 | $3,692,631 |
Total Liabilities and Capital | $332,171 | $1,319,818 | $3,841,157 |
Net Worth | $232,666 | $1,208,355 | $3,692,631 |
The following table outlines the important business ratios for Business Solutions Consulting, as determined by the Standard Industry Classification (SIC) Index. Ratios for the Business Consulting services industry (SIC 8748) are used as a benchmark in this table.
Ratio Analysis | ||||
Year 1 | Year 2 | Year 3 | Industry Profile | |
Sales Growth | 0.00% | 108.00% | 92.00% | 12.40% |
Percent of Total Assets | ||||
Other Current Assets | 6.02% | 1.52% | 0.52% | 44.70% |
Total Current Assets | 94.28% | 95.63% | 97.24% | 74.50% |
Long-term Assets | 5.72% | 4.37% | 2.76% | 25.50% |
Total Assets | 100.00% | 100.00% | 100.00% | 100.00% |
Current Liabilities | 10.69% | 4.10% | 2.57% | 44.30% |
Long-term Liabilities | 19.27% | 4.34% | 1.30% | 16.00% |
Total Liabilities | 29.96% | 8.45% | 3.87% | 60.30% |
Net Worth | 70.04% | 91.55% | 96.13% | 39.70% |
Percent of Sales | ||||
Sales | 100.00% | 100.00% | 100.00% | 100.00% |
Gross Margin | 100.00% | 100.00% | 100.00% | 0.00% |
Selling, General & Administrative Expenses | 87.63% | 57.71% | 43.51% | 80.80% |
Advertising Expenses | 10.85% | 5.48% | 2.99% | 1.30% |
Profit Before Interest and Taxes | 17.40% | 56.80% | 75.52% | 2.20% |
Main Ratios | ||||
Current | 8.82 | 23.30 | 37.84 | 1.75 |
Quick | 8.82 | 23.30 | 37.84 | 1.38 |
Total Debt to Total Assets | 29.96% | 8.45% | 3.87% | 60.30% |
Pre-tax Return on Net Worth | 79.25% | 107.66% | 90.20% | 3.80% |
Pre-tax Return on Assets | 55.51% | 98.57% | 86.72% | 9.70% |
Additional Ratios | Year 1 | Year 2 | Year 3 | |
Net Profit Margin | 12.53% | 42.40% | 56.23% | n.a |
Return on Equity | 59.60% | 80.75% | 67.28% | n.a |
Activity Ratios | ||||
Accounts Payable Turnover | 10.18 | 12.17 | 12.17 | n.a |
Payment Days | 27 | 25 | 23 | n.a |
Total Asset Turnover | 3.33 | 1.74 | 1.15 | n.a |
Debt Ratios | ||||
Debt to Net Worth | 0.43 | 0.09 | 0.04 | n.a |
Current Liab. to Liab. | 0.36 | 0.49 | 0.66 | n.a |
Liquidity Ratios | ||||
Net Working Capital | $277,666 | $1,207,955 | $3,636,360 | n.a |
Interest Coverage | 23.91 | 215.50 | 622.93 | n.a |
Additional Ratios | ||||
Assets to Sales | 0.30 | 0.57 | 0.87 | n.a |
Current Debt/Total Assets | 11% | 4% | 3% | n.a |
Acid Test | 8.82 | 23.30 | 37.84 | n.a |
Sales/Net Worth | 4.75 | 1.90 | 1.20 | n.a |
Dividend Payout | 0.00 | 0.00 | 0.00 | n.a |
Sales Forecast | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Unit Sales | |||||||||||||
Business Plans | 0% | 12 | 13 | 13 | 14 | 15 | 15 | 16 | 17 | 18 | 19 | 20 | 21 |
Start-Up Consulting | 0% | 11 | 12 | 12 | 13 | 13 | 14 | 15 | 15 | 16 | 17 | 18 | 19 |
Annual Reviews | 0% | 14 | 15 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 |
Other Ongoing Business Consulting | 0% | 14 | 15 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 |
Total Unit Sales | 51 | 54 | 56 | 59 | 62 | 65 | 68 | 72 | 75 | 79 | 83 | 87 | |
Unit Prices | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Business Plans | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | |
Start-Up Consulting | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | |
Annual Reviews | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 | |
Other Ongoing Business Consulting | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | |
Sales | |||||||||||||
Business Plans | $18,000 | $18,900 | $19,845 | $20,837 | $21,879 | $22,973 | $24,122 | $25,328 | $26,594 | $27,924 | $29,320 | $30,786 | |
Start-Up Consulting | $16,500 | $17,325 | $18,191 | $19,101 | $20,056 | $21,059 | $22,112 | $23,217 | $24,378 | $25,597 | $26,877 | $28,221 | |
Annual Reviews | $14,000 | $14,700 | $15,435 | $16,207 | $17,017 | $17,868 | $18,761 | $19,699 | $20,684 | $21,719 | $22,805 | $23,945 | |
Other Ongoing Business Consulting | $21,000 | $22,050 | $23,153 | $24,310 | $25,526 | $26,802 | $28,142 | $29,549 | $31,027 | $32,578 | $34,207 | $35,917 | |
Total Sales | $69,500 | $72,975 | $76,624 | $80,455 | $84,478 | $88,702 | $93,137 | $97,793 | $102,683 | $107,817 | $113,208 | $118,869 | |
Direct Unit Costs | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Business Plans | 0.00% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Start-Up Consulting | 0.00% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Annual Reviews | 0.00% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Other Ongoing Business Consulting | 0.00% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Direct Cost of Sales | |||||||||||||
Business Plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Start-Up Consulting | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Annual Reviews | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Other Ongoing Business Consulting | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Direct Cost of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
General Assumptions | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Plan Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
Current Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
Long-term Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
Tax Rate | 30.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | |
Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Pro Forma Profit and Loss | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Sales | $69,500 | $72,975 | $76,624 | $80,455 | $84,478 | $88,702 | $93,137 | $97,793 | $102,683 | $107,817 | $113,208 | $118,869 | |
Direct Cost of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Cost of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Gross Margin | $69,500 | $72,975 | $76,624 | $80,455 | $84,478 | $88,702 | $93,137 | $97,793 | $102,683 | $107,817 | $113,208 | $118,869 | |
Gross Margin % | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | |
Expenses | |||||||||||||
Payroll | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | |
Sales and Marketing and Other Expenses | $18,050 | $18,050 | $18,050 | $18,050 | $18,050 | $18,050 | $18,050 | $18,050 | $18,050 | $18,050 | $18,050 | $18,050 | |
Depreciation | 5% | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 |
Utilities | 6% | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 |
Payroll Taxes | 15% | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Operating Expenses | $76,150 | $76,150 | $76,150 | $76,150 | $76,150 | $76,150 | $76,150 | $76,150 | $76,150 | $76,150 | $76,150 | $76,150 | |
Profit Before Interest and Taxes | ($6,650) | ($3,175) | $474 | $4,305 | $8,328 | $12,552 | $16,987 | $21,643 | $26,533 | $31,667 | $37,058 | $42,719 | |
EBITDA | ($6,150) | ($2,675) | $974 | $4,805 | $8,828 | $13,052 | $17,487 | $22,143 | $27,033 | $32,167 | $37,558 | $43,219 | |
Interest Expense | $808 | $783 | $758 | $733 | $708 | $683 | $658 | $633 | $608 | $583 | $558 | $533 | |
Taxes Incurred | ($2,238) | ($990) | ($71) | $893 | $1,905 | $2,967 | $4,082 | $5,253 | $6,481 | $7,771 | $9,125 | $10,546 | |
Net Profit | ($5,221) | ($2,969) | ($213) | $2,679 | $5,715 | $8,901 | $12,246 | $15,758 | $19,444 | $23,313 | $27,375 | $31,639 | |
Net Profit/Sales | -7.51% | -4.07% | -0.28% | 3.33% | 6.76% | 10.03% | 13.15% | 16.11% | 18.94% | 21.62% | 24.18% | 26.62% |
Pro Forma Cash Flow | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Cash Received | |||||||||||||
Cash from Operations | |||||||||||||
Cash Sales | $69,500 | $72,975 | $76,624 | $80,455 | $84,478 | $88,702 | $93,137 | $97,793 | $102,683 | $107,817 | $113,208 | $118,869 | |
Subtotal Cash from Operations | $69,500 | $72,975 | $76,624 | $80,455 | $84,478 | $88,702 | $93,137 | $97,793 | $102,683 | $107,817 | $113,208 | $118,869 | |
Additional Cash Received | |||||||||||||
Sales Tax, VAT, HST/GST Received | 0.00% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
New Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Other Liabilities (interest-free) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Sales of Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Sales of Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Investment Received | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Cash Received | $69,500 | $72,975 | $76,624 | $80,455 | $84,478 | $88,702 | $93,137 | $97,793 | $102,683 | $107,817 | $113,208 | $118,869 | |
Expenditures | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Expenditures from Operations | |||||||||||||
Cash Spending | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | |
Bill Payments | $1,807 | $24,262 | $25,474 | $26,368 | $27,309 | $28,298 | $29,337 | $30,429 | $31,576 | $32,782 | $34,049 | $35,380 | |
Subtotal Spent on Operations | $51,807 | $74,262 | $75,474 | $76,368 | $77,309 | $78,298 | $79,337 | $80,429 | $81,576 | $82,782 | $84,049 | $85,380 | |
Additional Cash Spent | |||||||||||||
Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Principal Repayment of Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Other Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Long-term Liabilities Principal Repayment | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | |
Purchase Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Purchase Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Dividends | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Cash Spent | $54,807 | $77,262 | $78,474 | $79,368 | $80,309 | $81,298 | $82,337 | $83,429 | $84,576 | $85,782 | $87,049 | $88,380 | |
Net Cash Flow | $14,693 | ($4,287) | ($1,850) | $1,086 | $4,169 | $7,404 | $10,800 | $14,365 | $18,107 | $22,036 | $26,160 | $30,489 | |
Cash Balance | $164,693 | $160,406 | $158,556 | $159,643 | $163,811 | $171,215 | $182,015 | $196,380 | $214,487 | $236,523 | $262,682 | $293,171 |
Personnel Plan | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Owner / Consultants | 0% | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 |
Other | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total People | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | |
Total Payroll | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 |
Pro Forma Balance Sheet | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Assets | Starting Balances | ||||||||||||
Current Assets | |||||||||||||
Cash | $150,000 | $164,693 | $160,406 | $158,556 | $159,643 | $163,811 | $171,215 | $182,015 | $196,380 | $214,487 | $236,523 | $262,682 | $293,171 |
Other Current Assets | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 |
Total Current Assets | $170,000 | $184,693 | $180,406 | $178,556 | $179,643 | $183,811 | $191,215 | $202,015 | $216,380 | $234,487 | $256,523 | $282,682 | $313,171 |
Long-term Assets | |||||||||||||
Long-term Assets | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 |
Accumulated Depreciation | $0 | $500 | $1,000 | $1,500 | $2,000 | $2,500 | $3,000 | $3,500 | $4,000 | $4,500 | $5,000 | $5,500 | $6,000 |
Total Long-term Assets | $25,000 | $24,500 | $24,000 | $23,500 | $23,000 | $22,500 | $22,000 | $21,500 | $21,000 | $20,500 | $20,000 | $19,500 | $19,000 |
Total Assets | $195,000 | $209,193 | $204,406 | $202,056 | $202,643 | $206,311 | $213,215 | $223,515 | $237,380 | $254,987 | $276,523 | $302,182 | $332,171 |
Liabilities and Capital | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Current Liabilities | |||||||||||||
Accounts Payable | $1,000 | $23,413 | $24,596 | $25,459 | $26,367 | $27,321 | $28,324 | $29,377 | $30,485 | $31,648 | $32,871 | $34,156 | $35,505 |
Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Subtotal Current Liabilities | $1,000 | $23,413 | $24,596 | $25,459 | $26,367 | $27,321 | $28,324 | $29,377 | $30,485 | $31,648 | $32,871 | $34,156 | $35,505 |
Long-term Liabilities | $100,000 | $97,000 | $94,000 | $91,000 | $88,000 | $85,000 | $82,000 | $79,000 | $76,000 | $73,000 | $70,000 | $67,000 | $64,000 |
Total Liabilities | $101,000 | $120,413 | $118,596 | $116,459 | $114,367 | $112,321 | $110,324 | $108,377 | $106,485 | $104,648 | $102,871 | $101,156 | $99,505 |
Paid-in Capital | $99,500 | $99,500 | $99,500 | $99,500 | $99,500 | $99,500 | $99,500 | $99,500 | $99,500 | $99,500 | $99,500 | $99,500 | $99,500 |
Retained Earnings | ($5,500) | ($5,500) | ($5,500) | ($5,500) | ($5,500) | ($5,500) | ($5,500) | ($5,500) | ($5,500) | ($5,500) | ($5,500) | ($5,500) | ($5,500) |
Earnings | $0 | ($5,221) | ($8,190) | ($8,403) | ($5,724) | ($10) | $8,891 | $21,138 | $36,895 | $56,339 | $79,652 | $107,027 | $138,666 |
Total Capital | $94,000 | $88,779 | $85,810 | $85,597 | $88,276 | $93,990 | $102,891 | $115,138 | $130,895 | $150,339 | $173,652 | $201,027 | $232,666 |
Total Liabilities and Capital | $195,000 | $209,193 | $204,406 | $202,056 | $202,643 | $206,311 | $213,215 | $223,515 | $237,380 | $254,987 | $276,523 | $302,182 | $332,171 |
Net Worth | $94,000 | $88,779 | $85,810 | $85,597 | $88,276 | $93,990 | $102,891 | $115,138 | $130,895 | $150,339 | $173,652 | $201,027 | $232,666 |
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If you’re a consultant, then you should know how important it is that you have a sample plan on how you’re supposed to do thinks. You need to be able to figure out everything from what it is that you want to achieve, what particular type of service you’re going to provide, who you’re going to provide it to and much more.
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Writing a business plan is a crucial step in starting a consulting firm. Not only does it provide structure and guidance for the future, but it also helps to create funding opportunities and attract potential investors. For aspiring consulting firm business owners, having access to a sample consulting firm business plan can be especially helpful in providing direction and gaining insight into how to draft their own consulting firm business plan.
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Having a thorough business plan in place is critical for any successful consulting firm venture. It will serve as the foundation for your operations, setting out the goals and objectives that will help guide your decisions and actions. A well-written business plan can give you clarity on realistic financial projections and help you secure financing from lenders or investors. A consulting firm business plan example can be a great resource to draw upon when creating your own plan, making sure that all the key components are included in your document.
The consulting firm business plan sample below will give you an idea of what one should look like. It is not as comprehensive and successful in raising capital for your consulting firm as Growthink’s Ultimate Consulting Firm Business Plan Template , but it can help you write a consulting firm business plan of your own.
Table of contents, executive summary, company overview, industry analysis, customer analysis, competitive analysis, marketing plan, operations plan, management team, financial plan.
Welcome to InsightAdvantage Consultants, our new consulting firm rooted in the vibrant landscape of San Francisco, CA. Born out of a vision to fill the void for high-quality local consulting services, our mission is dedicated to offering unparalleled consulting solutions tailored to the unique needs of businesses in our community. Specializing in strategic planning, management consulting, and financial advisory, we craft personalized solutions that empower our clients to navigate their specific challenges and seize opportunities for growth. With our firm strategically located in San Francisco, we not only ensure our services are highly relevant and specialized for the local market but also contribute actively to the local business ecosystem, making us the go-to consulting firm in the area.
Our success at InsightAdvantage Consultants is driven by a blend of factors. The wealth of experience brought by our founder, who has a proven track record in the consulting industry, sets a solid foundation for our operations. Coupled with our commitment to superior consulting expertise, we stand out as a leader in the field. Our specialized understanding of the San Francisco market further cements our position as the preferred local consulting partner. Since our launch in January 2024, we’ve hit several key milestones, including establishing our brand identity, securing a prime location for our operations, and structuring our business as an S Corporation ready for growth. These accomplishments underscore our readiness and enthusiasm to empower local businesses towards success.
The Consulting Firm industry in the United States, currently valued at over $250 billion, exhibits a robust demand across various sectors, including healthcare, technology, and finance. With an expected annual growth rate of 3-4%, the industry is on a trajectory of steady expansion. A notable trend is the emergence of specialized niche consulting firms like InsightAdvantage Consultants, which cater to specific business needs with highly targeted expertise and solutions. This trend aligns with our focus on the San Francisco market, positioning us to leverage the increasing demand for specialized consulting services in the region.
InsightAdvantage Consultants targets a diverse customer base, starting with local residents to establish a strong community presence. We also focus on small to medium-sized enterprises (SMEs) and tech startups in San Francisco, offering them tailored consulting services to address their unique challenges. By providing strategies for growth, efficiency improvements, and competitive positioning, we aim to support the backbone of the local economy and the dynamic tech startup sector with agile, innovative solutions that drive sustainable success.
Our main competitors include Run Right Business Consulting, with their tailored services and deep local market understanding; Piedmont Avenue Consulting, specializing in marketing and branding strategies; and BookSoEasy, which combines business consulting with technological solutions. Despite the strengths of these firms, InsightAdvantage Consultants remains unmatched in our blend of industry experience, innovative strategies, and deep local market insights. Our diverse team of industry veterans and young innovators enables us to offer solutions that are both time-tested and infused with fresh, forward-thinking ideas. This unique combination, along with our strategic location in San Francisco, positions us as a leader in the consulting industry.
InsightAdvantage Consultants offers a comprehensive suite of services, including Strategic Planning, Management Consulting, and Financial Advisory, each designed to meet our clients’ diverse needs. Our pricing strategy is tailored to reflect the value and customization of our services, with prices varying based on scope and complexity. To promote our offerings, we employ a robust digital marketing strategy, leveraging social media, SEO, and email campaigns, complemented by content marketing to position us as thought leaders. Networking events, referral programs, and targeted advertising campaigns further amplify our visibility and attract a broad spectrum of clients.
Our operations at InsightAdvantage Consultants are centered around key processes such as client communication, market research, strategy development, project management, and quality assurance, to name a few. We are committed to continuous learning and professional development to stay ahead of industry trends. In the coming months, we aim to achieve several milestones, including securing initial client contracts, achieving operational efficiency, and building a strong local network. These efforts are all geared towards ensuring our firm’s success and sustainable growth.
At the helm of InsightAdvantage Consultants is Lucas Jackson, our President, who brings a wealth of experience and a proven track record from the consulting industry. His expertise in strategic planning, operational efficiency, and business development is invaluable to guiding our firm towards achieving its strategic goals. Lucas’s leadership and deep market understanding ensure we are well-equipped to navigate the industry landscape and achieve lasting success.
Welcome to InsightAdvantage Consultants, a new consulting firm based in the vibrant city of San Francisco, CA. As a local consulting firm, we stand out in a landscape that previously lacked high-quality local consulting services. Our mission is to bridge this gap and offer unparalleled consulting solutions that cater specifically to the needs of businesses in our community.
At InsightAdvantage Consultants, we specialize in a range of services designed to empower businesses to achieve their goals. Our offerings include strategic planning, which helps businesses chart a course for success in an ever-changing market. We also provide management consulting to streamline operations, enhance efficiency, and foster leadership within teams. Additionally, our financial advisory services are tailored to help businesses optimize their financial strategies for growth and stability. Each of these services is crafted with our clients’ success in mind, offering personalized solutions that address their unique challenges and opportunities.
Our firm is proudly based in San Francisco, CA, serving customers within this dynamic city. This strategic location not only allows us to be close to our clients but also to be an integral part of the local business ecosystem. By focusing on serving San Francisco businesses, we ensure that our services are highly relevant and tailored to the specific needs of companies operating in this unique market.
InsightAdvantage Consultants is uniquely qualified to succeed for several reasons. Firstly, our founder brings valuable experience from previously running a successful consulting firm, ensuring that we have the knowledge and skills necessary to deliver exceptional results. Moreover, we pride ourselves on offering superior consulting expertise compared to our competition, setting us apart as a leader in the field. These factors, combined with our deep understanding of the local market, position us as the go-to consulting firm in San Francisco.
Since our inception on January 5, 2024, InsightAdvantage Consultants has achieved several milestones. We have successfully established our brand, starting with the design of our logo and the development of our company name, which resonate with our vision and values. Furthermore, we secured a prime location that not only serves as our base of operations but also reflects our commitment to being an accessible and integral part of the local business community. As a S Corporation, we are poised for growth and are excited to continue building our legacy as we serve and empower businesses in San Francisco.
The Consulting Firm industry in the United States is a thriving sector with a significant market size. Currently, the industry is estimated to be worth over $250 billion, showcasing the high demand for consulting services across various sectors such as healthcare, technology, finance, and more.
Market research indicates that the Consulting Firm industry is expected to experience steady growth in the coming years. With an annual growth rate projected to be around 3-4%, the industry is set to reach new heights as businesses increasingly seek out expert advice and guidance to navigate complex challenges and drive growth.
One of the key trends in the Consulting Firm industry is the rise of specialized niche consulting firms, such as InsightAdvantage Consultants. These firms offer tailored services to specific industries or business needs, providing clients with highly targeted expertise and solutions. This trend bodes well for InsightAdvantage Consultants, as their focus on serving customers in San Francisco, CA, positions them to capitalize on the growing demand for specialized consulting services in the region.
Below is a description of our target customers and their core needs.
InsightAdvantage Consultants will target a diverse range of customer segments, beginning with local residents. This group is essential for establishing a strong community presence and reputation. By focusing on the unique needs and challenges of San Francisco’s residents, InsightAdvantage Consultants will tailor services to offer practical, impactful advice and solutions.
Small to medium-sized enterprises (SMEs) within the city will also form a significant part of InsightAdvantage Consultants’ target market. These businesses, which are the backbone of the local economy, often encounter unique challenges that require specialized consulting services. InsightAdvantage Consultants will provide these companies with strategies for growth, efficiency improvements, and competitive positioning.
Furthermore, tech startups, which are prolific in the San Francisco area, will be another primary customer segment for InsightAdvantage Consultants. This sector is dynamic and requires agile, innovative consulting solutions to navigate rapid growth, funding rounds, and scaling challenges. The firm will offer bespoke services that align with the fast-paced nature of tech startups, helping them to achieve sustainable success.
InsightAdvantage Consultants caters to the distinct needs of San Francisco residents by delivering high-quality consulting services that align with their diverse ambitions and challenges. Clients can expect tailored solutions that resonate with their unique scenarios, whether they are startups seeking to innovate, enterprises aiming to scale, or individuals pursuing personal growth. This dedication to customization ensures that every strategy is not just a roadmap but a reflection of the client’s vision and potential.
In an environment as dynamic and competitive as San Francisco, customers demand not just advice but actionable insights that can lead to tangible outcomes. InsightAdvantage Consultants rises to this expectation by leveraging cutting-edge research, data analytics, and industry expertise to empower clients with strategies that are both innovative and practical. This approach guarantees that clients not only navigate their immediate challenges but are also equipped for long-term success.
Moreover, InsightAdvantage Consultants understands the value of accessibility and ongoing support for San Francisco’s bustling clientele. Clients have the convenience of engaging with experts who are committed to their success beyond the initial consultation. This includes follow-up services, the provision of resources for implementation, and the availability of guidance through the evolution of their projects or businesses. Such comprehensive support underscores our dedication to not just meeting but exceeding client expectations.
InsightAdvantage Consultants’ Competitors Include the Following Companies
Run Right Business Consulting offers a comprehensive suite of services including strategy development, operational improvements, and financial advisory. The firm specializes in serving small to medium-sized businesses across various industries. Their services are tailored to meet the specific needs of each client, ensuring a personalized consulting experience.
Pricing models at Run Right Business Consulting are project-based, with costs varying depending on the scope and complexity of the consulting engagement. This flexibility allows them to cater to a wide range of budgets. The firm reports annual revenues in the mid-range, indicating a stable client base and consistent service delivery.
Located primarily in the San Francisco Bay Area, Run Right Business Consulting has a strong local presence. However, they also serve clients across the United States, leveraging remote consulting capabilities. Their customer segments include startups, established SMEs, and occasionally larger corporations seeking niche expertise.
Key strengths of Run Right Business Consulting include their tailored service approach and deep local market understanding. Weaknesses may include limited international exposure and a narrower service offering compared to larger consulting firms.
Piedmont Avenue Consulting focuses on marketing and branding strategies, offering services such as social media management, public relations, and digital marketing. They cater to a diverse clientele, including retail, hospitality, and technology sectors. This specialization enables them to offer deep insights and innovative strategies in these areas.
Their pricing strategy is flexible, offering both retainer-based and project-specific engagements. This allows businesses of varying sizes and budgets to access their services. Piedmont Avenue Consulting’s revenue is competitive, reflecting their strong position in the niche of marketing consultancy.
Based in the San Francisco Bay Area, Piedmont Avenue Consulting maintains a strong local presence while also serving clients nationwide. Their geographic reach is supported by a robust online consulting platform. The primary customer segments include small to medium-sized businesses looking to enhance their market presence and brand visibility.
The firm’s key strengths lie in its specialized focus on marketing and branding, coupled with a strong understanding of digital trends. However, their narrow focus could be seen as a weakness, limiting their appeal to businesses seeking more comprehensive consulting services.
BookSoEasy offers a unique combination of business consulting and technological solutions, with a focus on streamlining operations, improving customer engagement, and enhancing digital presence for their clients. Their services are particularly appealing to the hospitality and retail sectors, where they leverage technology to drive growth and efficiency.
The firm employs a value-based pricing strategy, ensuring clients only pay for tangible improvements and outcomes. This approach has contributed to their competitive positioning in terms of revenue, signaling strong client satisfaction and results-driven service delivery. BookSoEasy operates primarily in San Francisco but has started expanding its services to other major cities across the US.
Their customer base mainly consists of small to medium-sized enterprises seeking to leverage technology for business improvements. BookSoEasy’s strength lies in its ability to integrate consulting services with technological implementation, providing a comprehensive solution to business challenges.
A potential weakness is their sector-specific approach, which might limit their appeal to a broader audience. Additionally, as they expand geographically, maintaining the high level of personalized service that characterizes their San Francisco operations could present a challenge.
At InsightAdvantage Consultants, we pride ourselves on delivering superior consulting expertise compared to our competitors. Our team comprises industry veterans and young innovators, all of whom bring unique perspectives and cutting-edge strategies to the table. This blend of experience and fresh ideas enables us to provide our clients with solutions that are not only time-tested but also infused with innovative approaches. We understand that the landscape of business is ever-changing, and our ability to adapt and foresee shifts in the market sets us apart. Our consultants specialize in various sectors, ensuring that clients receive tailored advice that directly impacts their specific industry challenges and opportunities.
Furthermore, our location in a vibrant city such as San Francisco allows us to stay at the forefront of technological advancements and trends. This geographical advantage complements our commitment to utilizing the latest tools and methodologies in our consultancy services. We leverage local networks and partnerships to offer our clients exclusive insights and opportunities that are not readily available elsewhere. Additionally, our commitment to fostering strong relationships with each client means we go beyond traditional consultancy roles, acting as true partners invested in their success. Our approach is holistic and personalized, ensuring that every strategy we develop is not only innovative but also practical and sustainable in the long run. This unique combination of expertise, innovation, and partnership is what makes InsightAdvantage Consultants a leader in the consulting industry.
Our marketing plan, included below, details our products/services, pricing and promotions plan.
InsightAdvantage Consultants offers a comprehensive suite of services tailored to meet the diverse needs of its clients. With a focus on delivering actionable insights and strategic direction, the firm has positioned itself as a valuable partner for businesses looking to navigate the complexities of today’s market landscape. Among the services offered, Strategic Planning, Management Consulting, and Financial Advisory stand out as core competencies, each designed to address specific areas of client concern.
Strategic Planning is a critical service offered, designed to help businesses define their vision, set achievable goals, and develop a roadmap for success. Clients can expect to engage in deep-dive sessions aimed at understanding their market position, competition, and internal capabilities. The average selling price for Strategic Planning services is typically around $10,000. This price can vary based on the scope and complexity of the project, tailored to meet the unique needs of each client.
Management Consulting is another key service area, focusing on improving organizational performance through the analysis of existing business problems and the development of plans for improvement. InsightAdvantage Consultants leverages industry best practices and innovative strategies to guide leadership teams through transformational changes. Clients opting for Management Consulting services can expect to invest approximately $15,000, depending on the project’s duration and depth.
Lastly, the Financial Advisory service aims to help clients manage their financial strategy, planning, and risk. This service covers a broad spectrum of financial disciplines, including mergers and acquisitions, financial planning, and risk management. With an average selling price of $20,000, this service provides clients with expert advice and insights into optimizing financial performance and achieving long-term financial stability.
InsightAdvantage Consultants prides itself on delivering high-quality, tailored services that drive value and competitive advantage for its clients. By focusing on strategic planning, management consulting, and financial advisory, the firm ensures that it covers a comprehensive range of needs that are crucial for businesses aiming to thrive in the modern economy.
InsightAdvantage Consultants employs a comprehensive suite of promotional methods to attract customers, with a keen focus on leveraging the power of online marketing. In the digital age, establishing a robust online presence is non-negotiable, and InsightAdvantage Consultants recognizes this by prioritizing a well-rounded digital marketing strategy. This includes the utilization of social media platforms, search engine optimization (SEO), and email marketing campaigns, all designed to build brand awareness and drive customer engagement.
In addition to these online marketing efforts, InsightAdvantage Consultants also taps into the potential of content marketing. By creating and distributing valuable, relevant, and consistent content, the firm aims to attract and retain a clearly defined audience. This strategy not only positions InsightAdvantage Consultants as thought leaders in the consulting industry but also helps in building trust with potential clients. High-quality blog posts, whitepapers, and case studies will serve as tools to showcase the firm’s expertise and success stories.
Networking events and industry conferences represent another pivotal promotional method for InsightAdvantage Consultants. By actively participating in these gatherings, the firm has the opportunity to connect with potential clients face-to-face, build meaningful relationships, and stay abreast of the latest industry trends. These interactions often translate into business opportunities and collaborations, further amplifying the firm’s reach and influence within the consulting sector.
Referral programs will play a critical role in the firm’s promotional strategy as well. Encouraging satisfied clients to refer others to InsightAdvantage Consultants not only helps in acquiring new customers but also strengthens the firm’s reputation. Offering incentives for referrals demonstrates appreciation for existing clients while simultaneously expanding the customer base.
Lastly, targeted advertising campaigns, both online and offline, will complement the firm’s promotional activities. These campaigns will be carefully crafted to reach potential clients within specific industries or sectors, ensuring that the messaging is relevant and resonates with the intended audience. By employing a mix of traditional advertising mediums and digital channels, InsightAdvantage Consultants aims to maximize its visibility and appeal to a broad spectrum of clients.
In conclusion, InsightAdvantage Consultants employs a diverse range of promotional methods to attract customers, with a strong emphasis on online marketing. By integrating content marketing, networking, referral programs, and targeted advertising into its promotional strategy, the firm is well-positioned to build its brand, engage with potential clients, and achieve sustainable growth in the competitive consulting industry.
Our Operations Plan details:
To ensure the success of InsightAdvantage Consultants, there are several key day-to-day operational processes that we will perform.
InsightAdvantage Consultants expects to complete the following milestones in the coming months in order to ensure its success:
InsightAdvantage Consultants management team, which includes the following members, has the experience and expertise to successfully execute on our business plan:
Lucas Jackson brings a wealth of experience and a proven track record of success to InsightAdvantage Consultants. Having previously helmed a consulting firm, Lucas has demonstrated an exceptional ability to lead, innovate, and drive growth within the consulting industry. His expertise spans strategic planning, operational efficiency, and business development, making him well-positioned to guide InsightAdvantage Consultants towards achieving its strategic goals. Lucas’s leadership skills, combined with his deep understanding of the consulting market, ensure that InsightAdvantage Consultants is not just equipped to navigate the complexities of the industry but is also poised for lasting success.
To reach our growth goals, InsightAdvantage Consultants requires $397,000 in funding. This capital will be allocated across both capital and non-capital investments, including location buildout, equipment, working capital, initial marketing, and staffing. These resources are crucial for establishing our operations, securing a competitive position in the market, and laying a foundation for future growth and profitability.
Balance sheet.
[insert balance sheet]
[insert income statement]
[insert cash flow statement]
Download our Consulting Firm Business Plan PDF here. This is a free consulting firm business plan example to help you get started on your own consulting firm plan.
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With ClickUp's Business Plan Template, you can:
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When a consulting firm uses ClickUp's Business Plan Template, they can enjoy a wide range of benefits that help drive their success:
Create a comprehensive and strategic roadmap for your consulting firm with ClickUp's Business Plan Template. This template includes:
Crafting a business plan for your consulting firm is essential for setting clear goals and strategies. By utilizing the Business Plan Template in ClickUp and following these steps, you can ensure that your consulting firm is on the path to success.
Start by clearly articulating your consulting firm's mission and vision. What is the purpose of your firm, and what impact do you want to have on your clients? Defining your mission and vision will help guide your decision-making and set the tone for your business plan.
Use a Doc in ClickUp to outline your mission and vision statements and ensure they align with your consulting firm's goals.
To develop an effective business plan, you need to identify your target market. Who are your ideal clients? What industries do you specialize in? Understanding your target market will help you tailor your services and marketing strategies to attract the right clients.
Create custom fields in ClickUp to track key information about your target market, such as industry, company size, and specific pain points.
Next, outline the consulting services you offer and determine the pricing structure for each service. Clearly define the value you provide to clients and how your services differ from competitors. Additionally, consider any additional revenue streams such as training programs or workshops.
Use tasks in ClickUp to create a comprehensive list of your consulting services and set pricing for each service. Add details about the value proposition and differentiate your firm from competitors.
A successful consulting firm needs a robust marketing and sales strategy to attract clients and generate revenue. Identify the most effective marketing channels for reaching your target market, such as social media, industry conferences, or networking events. Additionally, outline your sales process, including lead generation, client acquisition, and client retention strategies.
Use Automations in ClickUp to streamline your marketing and sales efforts. Set up automated email campaigns and task reminders for important sales activities. Integrate with other tools, such as CRM software, to track leads and measure the success of your marketing campaigns.
By following these steps and utilizing the Business Plan Template in ClickUp, you can create a comprehensive and effective business plan for your consulting firm. This plan will serve as a roadmap for your firm's growth and success in the competitive consulting industry.
Consulting firms can use this Business Plan Template to streamline the process of creating a comprehensive and effective business plan that aligns with their goals and objectives.
First, hit “Add Template” to sign up for ClickUp and add the template to your Workspace. Make sure you designate which Space or location in your Workspace you’d like this template applied.
Next, invite relevant members or guests to your Workspace to start collaborating.
Now you can take advantage of the full potential of this template to create a solid business plan:
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Are you looking to start a consulting business but aren’t sure what to specialize in?
If so, you’re in the right place.
In this post, you’ll learn:
Let’s jump in!
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Quick insights:
The consulting world is vast , and it’s expanding rapidly .
These days, you find consultants in pretty much any field.
That said, their responsibilities vary widely, and some consulting businesses are more profitable than others.
So, let’s take a look at the best consulting business ideas – that way, you can choose the one that most fits your skills and goals.
As a management consultant, you provide expert advice to organizations and businesses to help them identify and solve various issues.
The most common areas include:
Management consulting is a BIG industry. In fact, it’s valued at around $1 trillion dollars globally.
In many cases, management consultants are expected to have at least a bachelor’s degree and several years of industry experience .
However, this depends on what types of clients you work with.
And if you want to get certified (which isn’t always necessary – but might be required by some clients), the internationally recognized Certified Management Consultant (CMC) certification might be a good option.
📚Read more here .
Strategy consultants work with senior management to improve a company’s strategic direction .
As a strategy consultant, you might offer guidance on things like:
So, what’s required for this consulting business idea?
Typically, strategy consultants should have an in-depth understanding of financial concepts and business dynamics .
You might need a degree in business administration, finance, or a related field. Again, this depends on who you choose to work with.
Learn much more about the job here .
As a marketing consultant, you work with businesses to assess and improve their marketing strategies.
You’ll focus on one or several types of marketing, such as:
Now, as a marketing consultant, you can help big companies with large marketing budgets or smaller businesses that can’t afford their own marketing teams (or both!).
👉For example, one of my first online businesses was working with small businesses to develop their digital advertising strategies. Because of that, I was able to build that business to six figures in just four months.
Here’s how:
But keep in mind that to become a marketing consultant, you need real-world experience with communication, marketing, and media.
Take the next steps here .
Financial consultants help their clients manage personal or organizational finances .
They work with individuals, businesses, or both on things like:
For example, my former student Paridhi helps her clients manage, invest, and grow their money.
Typically, financial consultants have experience with financial analysis and risk management, as well as a degree in economics, accounting, or finance .
Many also hold MBAs and certifications like Certified Financial Planner (CFP) or Chartered Financial Consultant (ChFC) .
But remember: Certifications often aren’t worth the price. I discuss why right here .
Human resources (HR) consultants oversee HR programs, identify workplace issues, and help teams optimize.
As an HR consultant, you could work on aspects of HR like:
For example, my former student Carol Parker Walsh offers services to corporations that want to improve their culture. While she isn’t an HR consultant, she helps with the same types of problems.
As a HR consultant, you should first and foremost have experience in what you’re coaching on. Some skills you might need include communication, problem-solving, and business planning .
Learn more in this post .
Cybersecurity consultants fulfill an extremely important role for their clients: Protecting networks and digital assets .
Their tasks typically include:
And demand for cybersecurity consultants has skyrocketed in recent years. The unemployment rate for the sector is 0%.
That said, this role requires a range of technical skills like programming, cryptography, and familiarity with IT infrastructures. Some cybersecurity consultants have bachelor’s or master’s degrees in cybersecurity. But those aren’t necessary if you have the experience and have participated in e cybersecurity bootcamps .
Discover more about cybersecurity consulting here .
Legal consulting is another role that’s always in demand.
Think about it: All sorts of individuals and companies need legal support, analysis, and guidance .
As a legal consultant, you fulfill similar duties to a lawyer, but exclusively outside of the courtroom.
You could specialize in almost any field :
For example, my friend Lisa Fraley is a legal coach who primarily works with online entrepreneurs, coaches, and business owners.
However, for this role, you need a law degree and experience in your field of specialization. Many legal consultants also need to pass the bar exam ( or should even if not required ) .
📚Read more in this guide .
Healthcare consultants typically work with healthcare-related organizations to optimize their processes and profitability while maintaining a high level of patient care.
Most healthcare consultants work for hospitals and other medical facilities.
The most common tasks for healthcare consultants include:
Of course, healthcare is another very stable industry , and employment in healthcare-related jobs is expected to keep growing. In fact, 1 in 4 jobs created in 2023 were in healthcare.
More good news?
You don’t need a certification or license to be a healthcare consultant. Even so, many consultants do have a degree in healthcare administration or something similar.
Ready to become a healthcare consultant? Check out this guide .
If you’ve got a knack for all things business, business consulting could be an ideal job for you.
Business consultants help business owners with all sorts of things, like:
In most cases, the business consulting process follows three stages:
You don’t need a degree – what matters is your experience.
When I started my private business coaching company , I was able to apply about 10 years of experience building successful businesses – everything from a tutoring business to a tech startup.
And today, I help people start and grow their own online businesses.
I discuss how you can do the same in this post .
Social media consultants help businesses grow their online presence through effective social media strategies .
Responsibilities may include:
And luckily, you don’t need a degree to be a social media consultant. Nonetheless, you’ll probably need experience with content creation, design, and copywriting (depending on what you specialize in).
Internet entrepreneur Ippei Kanehara describes the 11-step process to become a social media consultant in this post .
Making sure an event goes off without a hitch can be TOUGH, right?
That’s where event consultants come in and take charge.
But event consulting can be stressful . In fact, it’s often listed as one of the most stressful jobs .
That said, if you’ve got the right skills, it’s also highly fulfilling, lucrative, and scalable . Those skills include:
Furthermore, an event planning business is one of the best remote business ideas .
An SEO consultant is a digital marketing specialist whose focus is search engine optimization (SEO) .
Basically, SEO consultants help clients develop an SEO strategy that’ll improve their search rankings, increase organic traffic to their websites, and ultimately help them grow their business.
For example, the marketing agency I co-own, Zalstrom , offers SEO consulting services.
Typically, our work involves these phases:
In terms of qualifications for SEO consulting, no degree is necessary, b ut experience is key . While I personally don’t have experience in SEO, Zalstrom’s co-founder has years of experience.
Ideally, you can show case studies of businesses you’ve helped.
It’s also important that you can explain the value of the work you do .
To learn more about SEO consulting, check out this post .
Environmental consultants work with companies to find a balance between reducing negative environmental impacts and remaining profitable and efficient .
Environmental consultants use:
To become an environmental consultant, you’ll likely need a bachelor’s degree in a science-related field.
Furthermore, an advanced degree or certification can help you stand out from the competition.
Read on here .
As a PR consultant, you help clients communicate effectively with target audiences, stakeholders, and the media.
Your clients might be nonprofits, government agencies, businesses, or individuals.
And your tasks might include:
To be successful in this position, you should be an excellent communicator with experience in:
A formal education isn’t necessary for this role, but a bachelor’s degree in a relevant field and practical experience will give you an advantage over others.
Learn more about getting started as a PR consultant here .
Sales consultants are responsible for helping businesses or individuals increase sales .
As a sales consultant, you build trusting, transparent relationships with clients.
You also take on tasks like:
To become a sales consultant, you don’t need a specific degree. But you will need plenty of experience and a can-do attitude.
Those who thrive in this field are typically outgoing, ambitious, and goal-oriented — just like my student Sanae Floyd , who worked as a sales consultant before she successfully switched to sales coaching.
Listen to her incredible story in this video:
Interested in learning more about sales consulting? Head over here .
IT consultants help their clients with technology-related projects – anything from cybersecurity to software performance or data analytics.
A major plus for IT consultants is that almost every business uses technology — and they often need help with it.
So, if you’ve got technical expertise, attention to detail, and critical thinking skills , this could be a great money maker for you.
You don’t need a degree, but I recommend looking into these certifications:
Find more info about IT consulting on this page .
As a career consultant, you help others achieve their career goals .
You work with job seekers or professionals on things like:
Career consultants often target their services to a group of people or an industry.
For example, another student of mine, Anna Cosic , coaches women looking to land leadership positions.
If you’d like to pursue a similar path, check out this guide on how to become a career coach.
If you’re big on the link between efficiency and profitability , think about becoming an operations consultant.
Operations consultants analyze their clients’ business goals and propose strategies to maximize the value of their supply chains .
Specific tasks could include:
Clients generally look for consultants who have at least a bachelor’s degree in a field like business administration, management science, or information technology.
👉Want to stand out against the competition?
Consider taking the Certified Manager of Quality/Organizational Excellence exam.
Read more about operations consulting here .
Getting into college can be a real challenge, and SO many applicants are eager for help.
In fact, according to Forbes , about 50% to 70% of all students seek out professional help with college admissions.
That’s where college consultants come in. They work with students to:
If you’ve got a proven method and experience in the field, you don’t need a specific degree.
Nonetheless, I recommend targeting a particular group, as my student Mara Freilich did.
Mara’s a lawyer who quit her corporate job . Now, she coaches prospective law students on how to get into their dream schools.
Learn more about college consulting here .
To put it simply, a travel consultant helps people travel .
Tasks might include:
For this position, you need sales, communication, and planning skills . A degree in tourism or hospitality is a plus, but it’s not necessary. However, personal experience with travel is.
Learn more here .
As a real estate consultant, you offer advice to clients looking to purchase, sell, or invest in real estate.
You research markets, meet with experts, and assess the viability of potential real estate developments.
Some of the top skills needed for this job include:
Those are all skills my student Ryan Chaw brings to the company he founded, Newbie Real Estate Investing . As a real estate investment coach, Ryan has helped plenty of people become property owners.
If you’re interested in pursuing something similar, check out this post I made about real estate coaching .
Paid advertising consultants execute effective paid ad campaigns that take advantage of the latest advertising practices.
Typically, they analyze a client’s existing ad campaigns and engagement metrics. Then, they propose strategies to improve the campaigns or launch new ones.
Additional tasks might include:
Paid advertising was part of my first business I mentioned earlier, so I know a lot about starting out in this field. And I can tell you that experience is essential .
I personally had learned paid advertising at my 9-5. We worked with big clients like Volkswagen – I took that experience and applied it to small businesses.
Want to learn more about advertising consulting? Head to this post .
Risk management consultants help various organizations identify, assess, and mitigate potential threats .
You can specialize in a certain type of risk , such as:
And your clients might include small businesses, large companies, individuals, or even government agencies.
But keep in mind that clients usually prefer a consultant with a degree in risk management or something similar.
That said, a certification – like RIMS-Certified Risk Management Professional – might suffice for some consultants with extensive real-world experience .
Ready for the next steps? This guide will help.
Brand consultants work with individuals or businesses to develop or improve their brand .
Typically, tasks for brand consultants include:
Check out this video for some tips you can use for your brand or to help others with theirs:
There are no set requirements for this job, but you should have extensive knowledge of design, marketing, and data analysis .
Take my own designer, Laura. She helps small business owners stand out with their brands online.
For more, check out my guide to brand coaching here .
Fitness consultants use their expertise to help individuals improve their health and overall fitness.
Fitness consultants can specialize in an area like:
But their overall goal is usually the same: Helping clients establish positive, healthy life habits .
And although many fitness consultants work in person , online fitness coaching can be just as effective .
I look at all the reasons why in this post .
If you’re an expert at…
…consider becoming a productivity consultant.
In this role, you help clients make efficient use of their time and resources .
For example, my friends at Lifehack Method, Carey and Demir, help executives and entrepreneurs improve their productivity so that they can build truly meaningful and fulfilling lives:
Learn more about productivity consulting here .
As a style consultant, you use your fashion expertise to help clients develop their personal or professional image .
Style consultants often work with celebrities, influencers, and entrepreneurs.
Some of the day-to-day tasks might include:
A strong sense of style is certainly a requirement for this job. A degree in fashion design or merchandising is an added bonus.
Ready to launch your style consulting career? Read this post .
New parents tend to need LOTS of help, whether it’s with…
So, if you’ve got the experience of raising a child yourself , you’re already well on your way toward becoming a parenting consultant.
You could also gain experience by helping friends or family with their kids.
💡Interested in learning more?
Check out this post I made about parenting coaching.
What type of consulting is most profitable .
Now that we’ve discussed so many great consulting business ideas, you’re probably wondering how much consultants can make.
Here’s the thing: The most profitable consulting business is different for everyone .
You’ve got to find a profitable niche that works for you. So, focus on your skillset, and make sure there’s demand for your offer.
That said, I’ve found most profitable consulting niches include:
Consultants in these fields tend to make at least six figures .
Starting a consulting business can be daunting, especially if you’re still working a 9-5 at the same time. But don’t let that stop you!
If you focus on the steps that matter , you’ll be helping your first clients in no time.
Here’s the game plan:
For a full breakdown of each step, check out this guide I made.
There you have it!
Now you’ve got dozens of consulting business ideas to choose from. And once you’ve made up your mind, it’s time to grow your business.
However, building a business can be overwhelming…and lonely.
That’s why I put together a roadmap to help you start yours faster.
I cover everything you need to know in my FREE step-by-step guide.
How to Become a Successful Consultant
Coaching vs Consulting: Key Differences & Similarities
How to Turn Your Passion Into a Profitable Business
About Luisa Zhou
Luisa Zhou has helped thousands of students build and scale their own profitable online Freedom Business. Fun Fact: She used to work as an engineer for the Space Station and holds a B.S.E. from Princeton. Click here to learn more about Luisa.
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How to get consulting clients: 21 successful strategies, consulting fees: how much to charge (hourly and project), top 12 essential consulting skills you need to succeed.
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Sample Consulting Business Plan Text - This part includes actual text from a real consulting business plan example that you can use as-is or modify to fit your specific needs. ... These businesses would provide services such as IT managed services, accounting, legal and HR, which can lead to referral business. ...
Traditionally, a marketing plan includes the four P's: Product, Price, Place, and Promotion. For a accounting business plan, your marketing strategy should include the following: Product: In the product section, you should reiterate the type of accounting company that you documented in your company overview.
FINANCIAL PLAN. This section should include financial projections, a cash flow statement, a profit and loss statement, a balance sheet, a break-even analysis, and a funding plan (if applicable). [Owner.Company] will generate revenue through the sale of accounting services to businesses and individuals. The firm will also generate revenue ...
It's a modern business plan template specifically designed for your accounting firm business. Use the example business plan as a guide for writing your own. Upmetrics is the #1 business planning software that helps entrepreneurs and business owners create investment-ready business plans using AI. We regularly share business planning insights ...
Before you start writing your business plan, conduct . Identify the size and scope of the market, including the number of accounting firms. First, define your target market based on your research. Understand all their pain points and accounting needs, so you can customize your services accordingly.
Hourly rates for accounting consultants range from $27.39 (Tampa, FL) to $44.39 (Washington, D.C.). Generally speaking, your clients will expect a fixed fee for consulting services. Not only that, but if you stick to hourly billing, you will need to take on and maintain more clients to increase your profits.
The breakout of the funding is below: Office design/build: $100,000. Office equipment, supplies, and materials: $50,000. Three months of overhead expenses (payroll, rent, utilities): $150,000. Marketing costs: $50,000. Working capital: $50,000. Easily complete your Accounting business plan! Download the Accounting business plan template ...
Generating This is the financial Funds/Startup projection and costing Capital for starting Five Zero Financial Consulting, LLC; The total fee for incorporating the business in the United States of America - $750. The budget for a basic insurance policy covers, permits and business license - $2,500. Five Zero.
1. Executive Summary. The executive summary is the first and foremost section of your consulting business plan that will engage your readers and persuade them to dive further into details. Begin by offering a brief overview of your business idea highlighting what it does.
Step-by-step guide on writing a lean business plan with templates. Step 3. Set your rates and service packages. Following the actual industry norms to appoint your consulting fees. However, the price that you use should mirror both your expenses as well as the premium value that your expertise brings to your clients.
Picking a niche and defining your ideal client is the foundation on which you'll build your business — and get clients. You shouldn't move on with your consulting business plan until you've defined your ideal client. Once you've done that, you can move on to the next part: Magnetic Messaging. 3. Magnetic Messaging.
Starting your own accounting business sounds like a lot of work. Why would I want to start an accounting firm? Starting an accounting firm is like starting any small business - it requires a lot of work. However, industry and consulting firms list accounting firms as one of the single most profitable small businesses a person can start right now.
The total fee for incorporating the business in the United States of America - $750. The budget for basic insurance policy covers, permits and business license - $2,500. The Amount needed to acquire a suitable Office facility in a business district 6 months (Re - Construction of the facility inclusive) - $40,000.
Talk to your peers, friends, previous business associates and potential customers. Show them your plan and listen to their feedback. 5. Keep it simple. Don't write dozens of pages. You'll bore the investors and your plan will end up on a pile where nobody will ever look at it again - including you.
2. Register Your Consulting Business. Before you start doing official business, you'll need to register with your state's Secretary of State as a sole proprietorship or as an LLC. You should ...
Explore a real-world auditing and consulting business plan example and download a free template with this information to start writing your own business plan. ... a focus of one primary segment of business is necessary. For example, if the "core" business is accounting, the other fiduciary businesses like tax, auditing, consulting must be ...
Now, let's delve into the critical components that make up a comprehensive and effective Consulting Business Plan. 1. Executive Summary. The executive summary serves as a snapshot of the entire ...
The Company. Business Solutions Consulting is a team of six business consultants. Each consultant specializes in a particular discipline, including finance, sales and marketing, technology, management, operations, and human resources. BSC offers a list of services for business owners to choose from, depending on their particular business needs.
With that in mind, here are the steps that will allow you to create your very own accounting consulting business plan: 1. Understand Your Business Objectives. What you will need to do is to be able to identify what your main objective is. Knowing what this is will help you understand what kind of service you should be able to provide in order ...
The Consulting Firm industry in the United States, currently valued at over $250 billion, exhibits a robust demand across various sectors, including healthcare, technology, and finance. With an expected annual growth rate of 3-4%, the industry is on a trajectory of steady expansion. A notable trend is the emergence of specialized niche ...
Auditing and Consulting Business Plan - Free download as Word Doc (.doc), PDF File (.pdf), Text File (.txt) or read online for free. TAG Business Consultancy PLC (TAG BC) is a new business consultancy firm being formed by Abaydar Ketema and Tamene Daba in Addis Ababa, Ethiopia. The firm aims to provide accounting, consultancy, and specialized business services to small, medium and large ...
Defining your mission and vision will help guide your decision-making and set the tone for your business plan. Use a Doc in ClickUp to outline your mission and vision statements and ensure they align with your consulting firm's goals. 2. Identify your target market. To develop an effective business plan, you need to identify your target market.
Quick insights: Consultants are in high demand, and the consulting industry is growing ; To succeed as a consultant, choose a profitable niche that suits your existing skills; If you don't have a degree, that's OK — in many cases, experience and/or a certification is more than enough Top 28 profitable consulting business ideas you can start
Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, we can advise you on choosing an entity type and later restructuring if advantageous. ... Presnell Gage, PLLC is an accounting and consulting firm, providing a full range of services across a spectrum ...