05 Mar Management Consulting Business Plan

Coaching Company will offer high-quality, professional coaching and development services. Coaching Company’s principal officer believes small business owners and entrepreneurs face two major challenges. They lack the skills and knowledge to manage their businesses effectively from an ownership perspective. Both lead to lowered expectations, lack of business and personal growth and frequent owner burnout. Coaching Company believes that these weaknesses can be overcome and capitalized on to gain local market shares.

Over the next three-years, Coaching Company has these objectives:

• At the end of year 1, you can expect sales revenues of about $81,000
• By year three, you can expect sales revenues of around $150,000
• Achieve a client mix that is 60% small business/30% entrepreneurial/10% individuals per year.
• Move into small office space by the end of the first year.

The company will provide professional development services in a cost-effective manner. It will also maintain a comprehensive quality control program to ensure client satisfaction. The company’s principal officer views each contract as an agreement, not between a company and its clients. It is between partners who desire to form a long-term and mutually-beneficial relationship. This will enable you to make long-term, more profitable referrals and repeat clients.

To achieve its goals, Coaching Company will use the following key processes:

• Coaching Company’s unique, innovative and luxurious environment will set it apart from other coaching or professional growth businesses.
• Educate the business community about strategic and business consulting.
• A learning environment that will unite people from diverse backgrounds in order to share their experiences and overcome personal and professional challenges.
• Affordable access to the resources of business coaching and other consulting services.

Coaching Company is a start-up limited liability company (LLC) consisting of one principal officer with 15 years of industry experience. Frank Smith, principal, will be investing large amounts of his own capital to fund the company’s start-up and future growth. Coaching Company will work with Coaching Company(r), a national franchise to offer its services. Coaching Company will operate from a single location in Anytown (MI). Workshop facilities will also be available at various professional venues.

The company plans to use its existing contacts and customer base to generate both short and long-term coaching contracts. Long-term profitability of the company will depend on professional contracts obtained via strategic alliances, a comprehensive advertising program, and a successful referral programme.

In the beginning, the company will concentrate on professional development and workshops. Coaching Company will start offering a separate comprehensive career counseling service. It will offer resume assistance, interviewing skills and job-seeking strategies. The company thoroughly examined its financial projections. It found that they are both conservatively profitable and generous in spending. This was done to prepare for unexpected events. According to the principal of the company, cash flow projections can be realistic.

1.1 Objectives

Coaching Company’s objectives for the first three years of operation include:

• Coaching Company will stand out from other companies in the field of professional development and coaching by its unique, innovative environment.
• Educating the business community about what strategic and business coaching can do for them.
• The creation of a learning environment to bring together people with diverse backgrounds and interests in order to overcome professional and personal challenges.
• Access to resources for business coaching and development services is affordable

Coaching Company’s financial targets for the next three years include:

• By the end of year 1, you will have sales revenues in excess of $81,000
• Achieve sales revenues of approximately $150,000 by year three.
• Achieve a client mix of 60% small business/30% entrepreneurial/10% individual per year.

1.2 Mission

Coaching Company offers small business owners, managers and entrepreneurs a reliable, high-quality resource for business coaching, and professional and management development on both a local and national scale. Its mission aids clients in developing the strategy, motivation, accountability and responsibility necessary to succeed in both their personal and professional lives. The company sees each contract as an agreement not between a business and its customers, but between partners who wish to create a close and mutually beneficial long-term relationship. This will result in greater long-term profits via referrals and repeat customers. Coaching Company must also be able to maintain financial balance, charging a high value for its services, and delivering an even higher value to its clients.

Success keys 1.3

1. Excellence in fulfilling the Promise.
2. To increase business leads, you need visibility
3. You can leverage your expertise from one source into multiple revenue-generating opportunities: retainer coaching and project consulting, workshop facilitation, individual coaching, and workshop facilitation.
4. To maintain client success and growth, we create productive and thought-provoking learning experiences.
5. Our use of state-of-the-art technology
6. Service access is easy
7. It is important to have a competent advisory team.