Example Business Plan:

Sample Name:

We Can Do It Consulting

Business Plan 

Rebecca Champ, Owner

Created on December 29, 2016

Executive Summary

Product

We Can Do It Consulting provides consultation services to small- and medium-sized companies. Our services include office management and business process reengineering to improve efficiency and reduce administrative costs.

Customers

The target audience for We Can Do It Consulting is business owners, human resources directors, program managers, presidents, or CEOs with 5 to 500 employees who want to increase productivity and reduce overhead costs. Specifically, we specialize in consulting white collar executives on office processes such as job tracking, production, getting the most out of meetings, leadership, financial or hiring best practices, and other needs relevant to potential customers who serve in a management role within small or large organizations that may be bogged down by processes, bureaucracy, or technical experts with little leadership experience.

Future of the Company

Consulting is a fast-paced, evolving industry. In response to this climate, We Can Do It Consulting will offer other services, including facilitation and requirements analysis in the future.

Company Description

Mission Statement

To provide quality services to our clients that will help their companies prosper and grow.

Principal Members

Rebecca Champ — owner, primary consultant

Guy Champ — business manager/sales

Sophie Roberts — account manager

Legal Structure

We Can Do It Consulting is an S Corporation, incorporated in Greenville, South Carolina.

Market Research (Research is very important; most small businesses take 2-3 years to become profitable, but other small businesses can be profitable sooner or later than 3 years).

Industry

We Can Do It Consulting will join the office management and business process improvement consulting industry. Generally, larger consulting firms, such as KEG Consulting, work with international corporations while smaller consulting firms work with both large corporations and smaller organizations, usually closer to home. Consulting firms structured like ours also have a history of working with local, state, and federal government agencies. The consulting industry is still recovering from the economic recession. It was hit hardest in 2009 when the industry shrank by 9.1%. However, as the economy recovers, the industry is showing signs of growth. A recent study stated that operations management consulting is projected to grow by 5.1% per year for the next several years.

Detailed Description of Customers

The target customers for We Can Do It Consulting are business owners, human resources directors, program managers, presidents or CEOs with 5 to 500 employees who want to increase productivity and reduce overhead costs. Specifically, we specialize in consulting white collar executives on office processes such as job tracking, production, getting the most out of meetings, leadership, financial or hiring best practices, and other needs relevant to potential customers who serve in a management role within small or large organizations that may be bogged down by processes, bureaucracy, or technical experts with little leadership experience. To capitalize on opportunities that are geographically close as we start and grow our business, We Can Do It Consulting will specifically target executives within companies in the manufacturing, automotive, healthcare, and defense industries. This will allow us to take advantage of the company’s close proximity to hospitals (one of the largest employers in the region), automobile and vehicle parts factories, and government contractors supporting the nearby former Air Force base, now an aviation technology center.

Company Advantages

Because We Can Do It Consulting provides services, as opposed to a product, our advantages are only as strong as our consultants. Aside from ensuring our team is flexible, fast, can provide expert advice and can work on short deadlines, we will take the following steps to support consulting services:

·       Maintain only PMP-certified project managers

·       Ensure account team members use our proprietary planning and reporting process to stay in touch with customers and keep them updated on projects

·       Provide public speaking training for all consultants

·       Develop close relationships with subcontractors who can support us in areas such as graphic design, to ensure materials and presentations are always clear and maintain a consistent brand

·       All our staff members have at least a four-year degree, with 20% having an advanced degree

·       We are a virtual company without a lot of overhead costs or strict corporate rules, which saves time, money and creates a flexible workplace for getting things done

Regulations

We Can Do It Consulting must meet all Federal and state regulations concerning business consulting. Specifically, Code of Federal Regulations in Title 64, Parts 8753 and 4689.62, 65, and 74 and Title 86.7 of the Code of South Carolina.

Service Line

Product/Service

Services Include:

·       Business Process Reengineering Analysis

·       Office Management Analysis

·       On-Site Office Management Services

·       Business Process Reengineering Facilitation

·       Analytics

·       Change Management

·       Customer Relationship Management

·       Financial Performance

·       Operations Improvement

·       Risk Management

Pricing Structure

We Can Do It Consulting will offer its services at an hourly rate using the following labor categories and rates:

·       Principal, $150

·       Account Executive, $140

·       Project Manager, $135

·       Project Coordinator, $100

·       Business Analyst, $90

·       Process Analyst, $90

·       Financial Analyst, $85

·       Technologist, $75

Product Lifecycle

All services are ready to be offered to clients, pending approval of contracts.

Intellectual Property Rights

We Can Do It Consulting is a trademarked name in the state of South Carolina, and we have filed for protection of our proprietary processes and other intellectual property, such as our logo. We have also registered our domain name and parked relevant social media accounts for future use and to prevent the likelihood of someone impersonating one of our consultants.

Research and Development

The company is planning to conduct the following research and development:

·       Create a custom technology solution for manufacturers of vehicles such as automobiles or airplanes that helps better track each manufactured piece and its status in the assembly process

·       Determine the need for additional consulting services within our market related to tying improved processes to opportunities for increased sales and promotion to potential customers

·       Find trends in software solutions that may provide potentially competitive automated services in order to ensure We Can Do It Consulting continues to carefully carve its niche in the marketplace

Marketing & Sales

Growth Strategy

To grow the company, We Can Do It Consulting will do the following:

·       Network at manufacturing, automobile industry, and healthcare conferences

·       Establish a company website that contains engaging multimedia content about our services

·       As the business grows, advertise in publications that reach our target industries

Communicate with the Customer

We Can Do It Consulting will communicate with its customers by:

·       Meeting with local managers within targeted companies

·       Using social media such as Twitter, YouTube, Facebook, and LinkedIn

·       Providing contact information on the company website

How to Sell

Currently, the only person in charge of sales for We Can Do It Consulting is the business manager, Guy Champ. As profits increase, We Can Do It will look to add an employee to assist with account management/coordination. This individual will also provide company social media and online marketing support. The company will increase awareness to our targeted customers through online advertising, proactive public relations campaigns, and attending tradeshows.

Tax Forms and Information (very important): https://www.irs.gov/businesses/small-businesses-self-employed

Business Laws and Taxes (helpful information to know when starting a business): https://abqlibrary.org/business/laws