Pyramid Engineering is a firm specializing in mechanical, electrical, plumbing and fire protection. We offer engineering, design, consulting, and engineering services for government, commercial, and educational facilities. We provide engineering services that are more cost-effective and result in better design and construction.
The target clients are architectural firms. The target work can be divided into five categories: contractors, educational, government, commercial, and health care. Our knowledge of digital-based design resources will give Pyramid an edge. The firm will stand out by its exceptional customer service. Implementation of a quality control and assurance program will also provide a focus for production.
Pyramid Engineering, P.C. was created as a professional corporation chartered in Pennsylvania. The four founding partners are John Lavoie; Tom Heasley; John Solarczyk; and Eric Haugh. All of them are licensed engineers with a combined total of 90 years’ experience.
Year 1 sales are expected to exceed $350,000 and increase to in excess of $400,000 by the end of Year 2. This year will be the first year of profitability. Expected profits to rise significantly by Year 3.
The biggest challenges facing the firm are expanding its client base and positioning it to be a more prominent player in a global market.
This business plan defines the goals, focus, as well as the implementation of this firm. To sustain our cash flow in the coming year and to make sure we stay profitable, we are looking for $26,000 in short term borrowing.
1.1 Mission
Our mission it to provide the highest quality professional engineering service in construction to a balance of public and private customers. We strive to provide high quality service and ethical practices, as well as reasonable profit.
We will be sought out by our clients for our reputation of being an integrated engineering company whose ability to collaborate goes beyond our walls to include our clients and the entire project team as well as the surrounding community.
We will be honored for our design excellence and systems integration as well as our commitment to sustainability. We will promote the idea of a greater unity between people, materials, and the environment through our designs.
We are committed to adding value through innovation, creativity, aligning with our clients’ goals, delivering services that exceed their quality, schedules, or cost objectives.
1.2 Objectives
Pyramid has identified and achieved the following objectives
- Revenues of $350,000 for Year 1. Estimated to reach $400,000 after 5 years.
- At the end the fifth year, achieve 10% market share
- Reach profitability within three years.
- In five years, you can be a top-ranking engineering firm in central and western Pennsylvania.
1.3 Keys To Success
Pyramid identified several keys that will lead to a sustainable company. If these keys are followed, the likelihood of success will significantly increase.
- Excellence in providing high quality professional services that are on-time and within budget
- To increase visibility and generate business leads.
- Developing a follow-up strategy to gauge performance with clients.
- Implementing an assurance and quality policy.
- Leveraging expertise from our combined experience into multiple revenue generation opportunities: mechanical, electrical, plumbing, fire protection, and project consulting.