Opportunity
Problem
Scope creep. The approval process allows the client to demand more consulting services without having to pay more.
An engagement letter, also known as a proposal, is the basis of a professional consulting business. Accepted proposals become the contract between client and consultant regarding what should be done, when, how much, etc.
For tracking progress and managing ongoing projects, it is helpful to refer back to the original engagement. This will help you avoid scope creep and helps you track your progress. It’s a missing link that consultants often overlook.
Solution
Overture compiles proposals incorporating building blocks of content including text, tables, and milestones, component tasks, and date and deadline data, with ongoing progress tracking, tickler functions, communication with clients, and billing for progress. The key differentiator, secret sauce, is easily managed tools and a conceptual framework for ending scope creep.
Market
Prospects are open to single professionals, small-sized professional firms, and individuals working in large companies. Pricing is flexible and the software is available at different levels. Prices start at $19.95/month for an individual account.
Competiton
Competing software
There are many good proposal management options span style=”font weight: 400 ;”>.
-
PandaDoc
-
RFPIO
-
Propose
-
Qwilr
-
Bidsketch
-
Osmosis
-
Loopio
-
Nusii
-
-
Proposable
-
Octiv
-
GetAccept
None of them address scope-creep like Overture. Many are priced higher than us and few of them have the same features as we do.
The real competition
The real competition is using existing word processing tools combined with project management and billing.
Why Us
We are fortunate to have three highly successful entrepreneurs who are now able to invest their own capital to help cover startup investment in the middle to six figures. They have strong software and consulting experience.
We value our customers. We believe we are doing what is necessary, will help users succeed, and will provide the best way for them to spend their money.
Expectations
Forecast
Our priority for the foreseeable future is high growth, not profits. We want to attain high valuations that create good opportunities for investors and ourselves.
Financial Highlights Year-by-Year
Financing Needed
We expect a capital investment in excess of $2.5million.
-
Our three founders are able to fund $240K of early seed money to build the business enough to secure a round of local angel investment.
-
We are looking to attract $750K angel investment for the Spring 2023.
-
Series A venture capital in Spring of 2023.