Business Plan for Progressive Consulting
What follows is a complete business plan for a hypothetical company. Please copy
or save to your disk and use as an example in developing your own business plan.
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1. 0 Executive Summary
Progressive Consulting will be formed as a consulting company specializing in
marketing of high technology products in international markets. Its founders are
former marketers of consulting services, personal computers, and market research,
all in international markets. They are founding Progressive Consulting to
formalize the consulting services they offer.
1. 2 Mission
Progressive Consulting offers high-tech manufacturers a reliable, high quality
alternative to inhouse resources for business development, market development,
and channel development on an international scale. A true alternative to in
house resources offers a very high level of practical experience, know how,
contacts, and confidentiality. Clients must know that working with Progrssive
Consulting is a more professional, less risky way to develop new areas even than
working completely in house with their own people. Progressive Consulting must
also be able to maintain financial balance, charging a high value for its
services, and delivering an even higher value to its clients. Initial focus will
be development in the European and Latin American markets, or for European
clients in the United States market.
1. 3 Keys to Success
•Excellence in fulfilling the promise completely confidential, reliable,
trustworthy expertise and information.
•Developing visibility to generate new business leads.
•Leveraging from a single pool of expertise into multiple revenue generation
opportunities: retainer consulting, project consulting, market research, and
market research published reports.
2. 0 Company Summary
Progressive Consulting is a new company providing high-level expertise in
international high-tech business development, channel development, distribution
strategies, and marketing of high tech products. It will focus initially on
providing two kinds of international triangles:
•Providing United States clients with development for European and Latin
American markets.
•Providing E...
... middle of paper ...
...7% 85.81% 84.90% Net profit margin
4.57% 11.25% 14.92% Return on Assets 12.38%
20.64% 25.49% Return on Equity 50.05%
61.73% 51.37%
Activity Ratios: AR Turnover 6.30 7.77
6.66 Collection days 29 45 45
Inventory Turnover 0.00 0.00 0.00 Accts
payable turnover 7.67 7.06 7.35 Total asset
turnover 2.71 1.83 1.71
Debt Ratios: 1995 1996 1997 ____________
________________________________________________________ Debt to net Worth
3.04 1.99 1.02 Short-term Debt to Liab. 0.70
0.82 0.83
Liquidity Ratios: Current Ratio 1.91 1.83
2.39 Quick Ratio 1.91 1.83
2.39 Net Working Capital $104,050 $191,250 $340,450
Interest Coverage 4.15 5.90 9.38
Additional Ratios: 1995 1996 1997 ____________
_________________________________________________________ Asset
People all around the world have dreams of opening a business by creating a service, or product that is consumed by customers. Opening a new business requires a lot of hard work, patience, and extensive planning in order to operate a successful and legal business. However, before a person attempts to open a business, they must be sure they are up for the challenge, and they must be guaranteed that they have the right tools, personality, and experience to be a successful entrepreneur. Pick a mentor that owns a business who can give you advice. They can advise you of things you never knew, or things you should be aware of. Having this kind of person can save you a lot of trouble, and encourage you on the way. When opening a business you must have motivated, strong-minded, and goal oriented people that will provide the proper effort, planning, organization, funding, and structure of the entire business. To begin, creating a business plan for your company is essential for the future of your company, and how it intends to create revenue 3-5 years down the line. It is the most important step, and the first step of beginning your business. A business plan is an essential roadmap for business success; it is a formal statement of a set of goals for your business, the reasons they should be completed, and how you plan on reaching those goals for further success. Your business plan should contain an executive summary. An executive summary includes what you want out of your business, where you plan on taking it, and why it will be successful. Also, if you are seeking financing to get a loan, an executive summary is a great way to grab the investor’s interest. It shows the investor your intensions with your business, the structured guidelines...
Whether you work in the private or public sector, Emergency Medical Services (EMS) is a business. To run a successful business you must employ the practices of a market leader. Market leadership requires professional development. Through professional development, strategic plans can be learned and then used to improve leadership and the organization as a whole. In the following paragraphs I will discuss the characteristics of an EMS market leader and the role professional development has played and will continue to play in my transition into a market leader. I will also describe my personal strategic plan that I will use to guide me through the first 90 days in my new position as EMS Officer, as well as a plan for any improvement
It is not possible to research the accuracy of their assumption of their target market due to the fact that they do not clarify the exact details of their target market. It is not clearly documented where the market size of “two million potential customers” is derived from, therefore, cannot be tested.
The Asian market has had a large increase in a diverse marketing, and it is the best market for growth entry (). The internet has taken over in sales and product marketing this can get their message out faster about the new products, and new expansion. It also can help to benchmark customers’ needs and wants, and how many people have visited the website; the more traffic the better. They can also offer loyal customers a discount to promote sales in the U.S., as well as, offering web exclusive sales only. This can also help to save cost; they can also use blogs or social media to reach potential customers (Delaney,
This is to ask whether your bank is able to arrange a mortgage for my properties that are situated in Central and in a one spot with a 14 suites apartment, three duplexes, and three vacant lots. Other than one duplex and my suite, i have not occupied these suites since 2007 as I had lost my business plan.
M&J is a somewhat informal organization in which a number of friends and family members pitch in to do whatever it takes to make the business successful. Overall, this has worked well, but you know that sometimes there is some serious miscommunication resulting from the lack of clear authority. The lines between the marketing, shipping, finance, main office, and sales departments are fuzzy at best. There are people working in multiple departments who have no clear accountability to any one manager. In your response, address the following:
Internet Marketing News and Know-How. Hotel Marketing. 18 Feb. 2011. Web. 19 Apr. 2011. .
Having a comprehensive public relations plan is one way to ensure effective communication in the school and outside of the school. The plan should never be considered as a final document, but should be revised and adapted as needed. This paper will outline a comprehensive public relations plan for my school. The plan will consist of a rationale, objectives, ideas to promote school relations both internally and externally, and give ways to communicate about crisis, special programs, and issues of interest. It will also include a calendar of school events for the internal public as well as the external public.
The members have been generating client bases in their own related businesses since 1999, previously, the members enjoyed mild success in their own businesses, and have been limited only by capital and available time.
Business Consulting Services Cover Many Areas Do you currently own a business, but are questioning the reason as to why you started the business in the first place? Are you finding it hard to obtain the goals you have set for your company? Does it feel as if that next level of success is unreachable? If you answered yes to any of these questions, there are several benefits of using business consulting services.
Kotler, P. & Keller, K.L., (2009), A Framework for Marketing Management. 4th edition, Pearson Prentice Hall: USA
message to your target customers, from the traditional, like advertising in magazines, newspapers and direct marketing but one of the newer methods of communication that has been developed is the internet. (Ebook) With the expansion and mounting usage by the search engines, many small businesses can now cost-effectively and successfully own and operate their own website, giving them unlimited exposure.
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