Free IT Consulting 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.
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 business plan is to raise $100,000 for the development of a IT consulting firm while showcasing the expected financials and operations over the next three years. The IT Consulting Firm, Inc. (“the Company”) is a New York based corporation that will provide an expansive array of IT consulting and product sales to customers in its targeted market. The Company was founded in 2009 by John Doe.
1.1 Products and Services
The IT Consulting Firm will provide its clients with advice and service regarding the purchase, installation, and maintenance of information technology products. The Company intends to develop ongoing relationships with businesses that will be billed on a monthly basis. The Company, from time to time, will also make product sales from the Company’s vendors to the business’ clients. This is a very important secondary stream of revenue for the business. The third section of the business plan will further describe the services offered by the IT Consulting Firm.
1.2 The Financing
Mr. Doe is seeking to raise $100,000 from as a bank loan. The interest rate and loan agreement are to be further discussed during negotiation. This business plan assumes that the business will receive a 10 year loan with a 9% fixed interest rate.
1.3 Mission Statement
The IT Consulting Firm’s mission is to become the recognized leader in its targeted market for IT consulting and maintenance services.
1.4 Mangement Team
The Company was founded by John Doe. Mr. Doe has more than 10 years of experience in the IT 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
IT Consulting Firm, Inc. The Company is registered as a corporation in the State of New York.
2.2 Required Funds
At this time, the IT Consulting Firm requires $100,000 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 IT Consulting Firm, Inc.
2.5 Exit Strategy
If the business 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 IT Consulting 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 consulting services and product sakes offered by the IT Consulting Firm.
3.1 IT Consulting Services
The business, through its employed consultants, will provide IT consulting, networking, data storage and management, computer consulting, software development, and enterprise computing solutions. Each client of the IT Consulting Firm will receive only the highest level of professional computing services. Our consultants are certified in each of segments from which their expertise stems.
3.2 IT Product Sales
In the future, the IT Consulting Firm may also offer all of the products that a person could purchase at a regular computer store through moderate inventory holdings. Unlike these companies, our Company’s services come before the products. The Company’s hardware, software, and periphery sales would be rendered directly on site. The margins derived from combining the products complimentary to our services are much higher than the industry standard.
4.0 Strategic and Market Analysis
4.1 Economic Outlook
This section of the analysis will detail the economic climate, the computer/IT 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 in recession. This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows. Many economists expect that this recession will continue until mid-2009, at which point the economy will begin a prolonged recovery period. However, IT Consulting Firms operate with great economic stability as businesses will continue to require IT services despite deleterious changes in the general economy.
4.2 Industry Analysis
The computer technical consulting industry has mushroomed in size over the last five years. Rapid increases and developments in computer technology has caused the average user to rely on computer professionals to handle their computing repair and consulting needs. In the United States, the market for computer repair services is immense. Last year of $300 billion dollars was spent nationwide on computer and computer related services. Approximately 55% of this revenue was generated specifically from the management of computer systems, network installation and consulting. This growth has caused a number of businesses to develop and expand franchise based computer consulting and repair businesses. The United States Economic Census estimates that there are more than 200,000 businesses that provide services similar or identical to that of Company.
4.3 Customer Profile
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 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 IT Consulting 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 IT Consulting Firm.
5.1 Marketing Objectives
• Establish relationships with other IT Consultants within the targeted market.
• Implement a local campaign with the Company’s targeted market via the use of flyers, local newspaper advertisements, and word of mouth.
• Develop an online presence by developing a website and placing the Company’s name and contact information with online directories.
5.2 Marketing Strategies
Mr. Doe intends on using a number of marketing strategies that will allow the IT Consulting Firm to easily target small and medium sized businesses 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 IT Consulting Firm will also use an internet based strategy. This is very important as many people seeking local services, such as IT professionals, now the Internet to conduct their preliminary searches. Mr. Doe will register the IT Consulting Firm with online portals so that potential customers can easily reach the IT Consulting Firm business. 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 IT consulting and product sales that the Company is offering.
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 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 Owner will acquire $100,000 of debt funds to develop the business.
• The IT Consulting Firm will have an annual revenue growth rate of 16% per year.
• 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, IT consulting and computer services are demanded regardless of the general economy, and only a trained IT professional can manage large scale networks for small and medium sized businesses. 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
7.8 General Assumptions
7.9 Business Ratios
Expanded Profit and Loss Statements
Expanded Cash Flow Analysis