Consulting Business Plan
If you want to start a consulting firm or expand your current consulting business, you need a business plan. The following consulting business plan template gives you the key elements to include in a winning business plan. A consultant business plan template can be used to create a business plan for any type of consulting business including but not limited to: business consulting, management consulting, IT consulting, and Human Resources consulting.
Sample Consulting Business Plan
Below are links to each of the key sections of a successful consulting business plan:
- Executive Summary – The Executive Summary should provide an overview of your business plan. It should include an introduction of you and your consulting firm, a brief description of the consulting services you provide, your target market, and a summary of your financial projections.
- Company Overview – In the Company Overview section, you should provide a description of your consulting business, its business model, its legal structure, its mission and goals, the services you will offer, and the type of potential clients you plan to serve.
- Industry Analysis – There are many industries where consultants are needed. When writing your Industry Analysis, you should provide detailed information about your specific industry and its current trends and future forecasts.
- Customer Analysis – The Customer Analysis section of your consulting business plan should provide detailed demographic and psychographic information for your target customers to give readers a clear understanding of who your services are designed for.
- Competitive Analysis – It is important to understand who your competition is and how you plan to differentiate yourself from other consulting businesses. The Competitive Analysis section should provide information on the key competitors in your industry, their offerings, their advantages, and any potential threats they may pose to your business.
- Marketing Plan – In your Marketing Plan, you should outline the marketing strategies you plan to use to reach your target audience, such as advertising and promotional campaigns or attending networking events. You should also include the pricing strategies you will use to attract more clients.
- Operations Plan – The Operations Plan should provide a detailed description of how you plan to run and manage your consulting business. This should include information on staff, equipment, processes, and any other resources that will be necessary.
- Management Team – The Management Team section should provide information on the key players in your consulting business and their qualifications.
- Financial Plan – The Financial Plan section should include the 5-year financial statements including an income statement, balance sheet and cash flow statement.
