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425 Page Capital Directory
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Custom Business Plan
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Are Updated for 2017

Free VC Directory

With any B-Plan Purchase
425 Page Capital Directory
Through Feb. 28


Custom Business Plan
$425 Flat Rate
No Templates Used
7 Day Turnaround

All Purchased Plans
Are Updated for 2017
Free Accounting Firm Business Plan For Raising Capital from Investors, Banks, or Grant Companies!

Please note that the financials in this complete free business plan are completely fictitious and may not match the text of the business plan below. This free business plan demonstration purposes only. If you are interested in purchasing the completed editable MS Word and Excel documents for this business plan, please click the button below! Also, the text of the business plan is formatted with a fully automated table of contents.



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It should be noted that there is no special software required to use these templates. All business plans come in Microsoft Word and Microsoft Excel format. Each business plan features:

  • Excecutive Summary
  • Company and Financing Summary
  • Products and Services Overview
  • Strategic Analysis with current research!
  • Marketing Plan
  • Personnel Plan
  • 3 Year Advanced Financial Plan
  • Expanded Financial Plan with Monthly Financials
  • FREE 30 Page Sample Private Placement Memorandum
  • FREE PowerPoint Presentation for Banks, Investors, or Grant Companies!

 

1.0 Executive Summary

The purpose of this free business plan is to raise $150,000 for the development of an accounting firm while showcasing the expected financials and operations over the next three years. The Accounting Firm, Inc. (“the Company”) is a New York based corporation that will provide accounting, consulting, and tax services to customers in its targeted market. The Company was founded in 2009 by John Doe.

1.1 Products and Services

The Accounting Firm will provide accounting services such as bookkeeping, tax preparation, and consulting to individuals and small businesses. The Company will earn a substantial amount of revenue during the tax season from filing tax returns from individuals and businesses within the target market. Mr. Doe will hire an associate CPA and a bookkeeper to assist with running the day to day operations of the business. During tax season, the Company will hire 3 tax preparers. The third section of the free business plan will further describe the services offered by the Accounting Firm.

1.2 The Financing

Mr. Doe is seeking to raise $150,000 from as a bank loan. The interest rate and loan agreement are to be further discussed during negotiation. This free business plan assumes that the business will receive a 10 year loan with a 9% fixed interest rate.

1.3 Mission Statement

The Accounting Firm’s mission is to become the recognized leader in its targeted market for accounting services.

1.4 Mangement Team

The Company was founded by John Doe. Mr. Doe has more than 10 years of experience in the accounting industry. Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations.

1.5 Sales Forecasts

Mr. Doe expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years.

1.6 Expansion Plan

The Founder expects that the business will aggressively expand during the first three years of operation. Mr. Doe intends to implement marketing campaigns that will effectively target small businesses and individuals within the target market.

2.0 Company and Financing Summary

2.1 Registered Name and Corporate Structure

Accounting Firm, Inc. The Company is registered as a corporation in the State of New York.

2.2 Required Funds

At this time, the Accounting Firm requires $150,000 of debt funds. Below is a breakdown of how these funds will be used:

2.3 Investor Equity

Mr. Doe is not seeking an investment from a third party at this time.

2.4 Management Equity

John Doe owns 100% of the Accounting Firm, Inc.

2.5 Exit Strategy

If the Accounting is very successful, Mr. Doe may seek to sell the business to a third party for a significant earnings multiple. Most likely, the Company will hire a qualified business broker to sell the business on behalf of the Accounting Firm. Based on historical numbers, the business could fetch a sales premium of up to 4 times earnings.

3.0 Products and Services

Below is a description of the tax and accounting services offered by the Accounting Firm

3.1 Accounting and Consulting Services

The primary source of income for the Accounting Firm is accounting services that will be provided to the general public. This section of the business will provide bookkeeping to individuals and small businesses within the target market. Each month, the Company will bill a client on a per hour basis. Expected hourly fees for bookkeeping will be $20 to $40 per hour based on the complexity of the work. Mr. Doe, a licensed CPA, will also provide consulting advice directly to clients for $100 per hour.

3.2 Tax Services

Seasonally, the Accounting Firm will make a substantial amount of money for filing tax returns for businesses. Each tax return will generate $300 to $1,000 depending on the complexity and the amount of paperwork to file. In this section of the free business plan, you should further describe the products and services that you intend to offer to your customers. If you need to add more product categories, please consult the instructions that were included in the BizPlanDB.com zip file.

4.0 Strategic and Market Analysis

4.1 Economic Outlook

This section of the analysis will detail the economic climate, the accounting industry, the customer profile, and the competition that the business will face as it progresses through its business operations. Currently, the economic market condition in the United States is moderate. The meltdown of the sub prime mortgage market coupled with increasing gas prices has led many people to believe that the US is on the cusp of an economic recession. This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows. However, accounting firms are generally immune from changes in the economy as most people cannot effectively file their own tax returns.

4.2 Industry Analysis

The accounting industry is a highly fragmented group of individual practitioners, small firms, and large auditing institution. There are over 621,000 accountants in the United States. The industry generates over $38 billion dollars a year, and employs over 390,000 Americans. The demand for accounting services is expected to increase as the number of businesses and the complication of tax issues increase. With the advent of the Sarbanes-Oxley Act, businesses that have passive investors must comply with the myriad of laws stated throughout the Act.

4.3 Customer Profile

The Accounting Firm’s average client will be middle to upper middle income earners or a small to medium size business. The clients will seek professional advice to help them solve their accounting and tax issues. In this section of the analysis, you should describe the type of customer you are seeking to acquire. These traits include income size, type of business/occupation; how far away from your business is to your customer, and what the customer is looking for. In this section, you can also put demographic information about your target market including population size, income demographics, level of education, etc.

4.4 Competitive Analysis

This is one of the sections of the free business plan that you must write completely on your own. The key to writing a strong competitive analysis is that you do your research on the local competition. Find out who your competitors are by searching online directories and searching in your local Yellow Pages. If there are a number of competitors in the same industry (meaning that it is not feasible to describe each one) then showcase the number of businesses that compete with you, and why your business will provide customers with service/products that are of better quality or less expensive than your competition.

5.0 Marketing Plan

The Accounting Firm intends to maintain an extensive marketing campaign that will ensure maximum visibility for the business in its targeted market. Below is an overview of the marketing strategies and objectives of the Accounting Firm.

5.1 Marketing Objectives

  • • Develop an online presence by developing a website and placing the Company’s name and contact information with online directories.

  • • Implement a local campaign with the Company’s targeted market via the use of flyers, local newspaper advertisements, and word of mouth advertising.

  • • Establish relationships with attorneys and accountants within the targeted market.

5.2 Marketing Strategies

Mr. Doe intends on using a number of marketing strategies that will allow the Accounting Firm to easily target small businesses and individuals within the target market. These strategies include traditional print advertisements and ads placed on search engines on the Internet. Below is a description of how the business intends to market its services to the general public. The Accounting Firm will also use an internet based strategy. This is very important as many people seeking local services, such as accountants, now the Internet to conduct their preliminary searches. Mr. Doe will register the Accounting Firm with online portals so that potential customers can easily reach the Accounting firm. The Company will also develop its own online website. The Company will maintain a sizable amount of print and traditional advertising methods within local markets to promote the accounting services that the Company is selling. In this section, you should expand on how you intend to implement your marketing. List publications, local newspapers, radio, and other outlets that you will use to promote your business. Discuss how much money you intend to spending on marketing.

5.3 Pricing

For bookkeeping services the Company will charge $20 to $40 per hour depending on the complexity of the bookkeeping work. Mr. Doe will charge clients $100 per hour for providing tax advice and consulting services to the general public. In this section, describe the pricing of your services and products. You should provide as much information as possible about your pricing as possible in this section. However, if you have hundreds of items, condense your product list categorically. This section of the free business plan should not span more than 1 page.

6.0 Organizational Plan and Personnel Summary

6.1 Corporate Organization

6.2 Organizational Budget



6.3 Management Biographies

In this section of the business plan, you should write a two to four paragraph biography about your work experience, your education, and your skill set. For each owner or key employee, you should provide a brief biography in this section.

7.0 Financial Plan

7.1 Underlying Assumptions

  • • The Accounting Firm will have an annual revenue growth rate of 9% per year.

  • • The Owner will acquire $150,000 of debt funds to develop the business.

  • • The loan will have a 10 year term with a 9% interest rate.

7.2 Sensitivity Analysis

In the event of an economic downturn, the business may have a decline in its revenues. However, accounting services are demanded by businesses and individuals due to the complexity of completing tax forms. As such, only a severe economic downturn would result in a decline in revenues.

7.3 Source of Funds


7.4 General Assumptions

7.5 Profit and Loss Statements 

7.6 Cash Flow Analysis

 

7.7 Balance Sheet

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7.8 General Assumptions

7.9 Business Ratios

Expanded Profit and Loss Statements

Expanded Cash Flow Analysis