I. Executive Summary
This Section's Contents
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Business Overview
[Company Name] is a new human resources (HR) consulting firm located in [location]. Our mission is to provide local technology startups with a variety of HR services. These startups often don’t have the resources or need to hire a permanent HR team. Therefore, we can provide them with any temporary services they require, whether it be recruitment and onboarding or payroll management. With our experience, management team, and connections, [Company Name] aims to stand out as the #1 HR consulting firm for businesses in the local tech sector.
Services
[Company Name] will provide a range of HR services for our clients. These services include, but are not limited to:
- Recruitment and onboarding
- Training and development
- Compensation and benefits
- Payroll management
- HR analytics
- Employee relations
- Performance management
Customer Focus
[Company Name] will collaborate with local technology startups in need of HR services. Tech startups can go through rapid ups and downs, and therefore, don’t always have the resources or the need for a permanent HR team. However, they still need HR services at some point and look to consultants to help them out.
We will primarily serve tech startups located within 20 miles of [location]. However, we are open to working with tech companies that are beyond the startup phase. We will also offer remote services so we can collaborate with companies located outside the [location] area as well.
Management Team
[Company Name] is led by [Founder’s Name] who has been a successful HR professional for [X] years. She has held a variety of HR roles, most recently being the Chief of Human Resources for [tech company]. Additionally, she earned a Master’s in Human Resource Management from [University]. She is eager to utilize her education and years of expertise in a consultant role.
Success Factors
[Company Name] is uniquely qualified to succeed due to the following reasons:
- The company is providing valuable HR services to a target market that prefers to outsource or hire consultants for their HR needs.
- [Founder’s Name] has a track record of success in the HR industry and already has numerous connections from years of networking.
- [Company Name] will provide high-quality HR services for a moderate price that is competitive with similar consulting firms.
Financial Highlights
[Company Name] is currently seeking $270,000 to launch. Specifically, these funds will be used as follows:
- Office design/build: $100,000
- Technology and equipment: $50,000
- Working capital: $120,000 to pay for marketing, salaries, and lease costs until [Company Name] reaches break-even
Top line projections over the next five years are as follows:
| Financial Summary | FY 1 | FY 2 | FY 3 | FY 4 | FY 5 |
|---|---|---|---|---|---|
| Revenue | $560,401 | $782,152 | $1,069,331 | $1,379,434 | $1,699,644 |
| Total Expenses | $328,233 | $391,429 | $552,149 | $696,577 | $776,687 |
| EBITDA | $232,168 | $390,722 | $517,182 | $682,858 | $922,956 |
| Depreciation | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 |
| EBIT | $225,168 | $383,722 | $510,182 | $675,858 | $915,956 |
| Interest | $6,016 | $5,264 | $4,512 | $3,760 | $3,008 |
| Pre Tax Income | $219,152 | $378,458 | $505,670 | $672,098 | $912,948 |
| Income Tax Expense | $76,703 | $132,460 | $176,985 | $235,234 | $319,532 |
| Net Income | $142,449 | $245,998 | $328,686 | $436,864 | $593,416 |
| Net Profit Margin | 25% | 31% | 31% | 32% | 35% |
