Introduction
Business Solutions Consulting, also known as BSC, is a consulting firm for start-ups that caters to the unique needs of businesses throughout all phases of the business lifecycle. BSC offers a balanced and high-quality service, thanks to its core team made up of highly skilled professionals.
The Company
Business Solutions Consulting is a team of six business consultants. Each consultant specializes within a particular area, including finance and marketing, technology and operations, as well as human resources and management.
BSC offers several services to help business owners depending on their needs. This includes preparation of business and marketing plans, financial search & procurement, IT consulting, management development, and human resource advising.
BSC will have a focus on start-up businesses, preferably in the earlier stages of operation. The majority of U.S. markets and international markets are dominated by small and medium-sized businesses. BSC values a close relationship with young businesses and will continue to foster that relationship for the long-term.
BSC will be established as an Oregon based LLC with two principal partners, each of whom owns a 50% share in the company. Mr. Andrew B. Christiansen has extensive experience in business planning and finance, including CFO positions with ABC Conglomerate and DEF International. David E. Fields is an expert in the areas of marketing, advertising, communications.
The Market
The business consulting industry can be very fragmented. Many large multinational companies dominate this industry, while smaller (and sometimes more specialized) businesses occupy their market niches. Major management consulting companies, such as McKinsey, Bain, and Boston Consulting Group, have established their dominant position by providing services to the leading companies in various industries. The Big Five accounting firms are known for their consulting practices (a.k.a. The Big Five, also known as the Big Five, have established a global presence and sell their products to companies of various sizes and industries. At the same, many firms and individual business advisors are successful in market niches larger players find difficult to enter.
This firm targets start-up businesses. BSC will keep an eye on new activity in the area. Additionally, business contacts, referrals from among the group, and Internet marketing efforts will be made in pursuit of new clients. These companies are very attractive as the owners rarely have the knowledge and expertise needed to launch a new venture. These types of services for start-up consultants are in huge demand.
BSC can offer many of its services through competitors that are in the forefront. These services include information-based consulting, integration and management services. The services are designed to enhance clients’s operations effectiveness through lower costs, better customer service, higher quality of current products and services, and faster introduction of new services and products. Competitors offer industry-specific experience to help you objectively evaluate, select and develop information systems, networks, or applications.
Consulting firms BSC is competing with include regional and specialty consulting firms, as well as the consulting groups of international accounting forms such as KPMG LLP, Ernst & Young LLP, Deloitte & Touche LLP, PricewaterhouseCoopers LLP, and Andersen Consulting. BSC competes against information system vendors like HBO & Company, Inc., Integrated Systems Solution Corporation, Electronic Data Systems Corporation, Perot Systems Corporation, SAIC, CAP Gemini America, Inc., as well as IT consultants such as BSC. BSC competes against both established and newer Internet service and product companies like Scient, TriZetto or Razorfish in ecommerce.
Financial
Andrew B. Christiansen, and David E. Fields will each contribute $50,000 to BSC’s start-up costs. The rest of the required financing will come from the Small Business Administration (SBA) 10-year loan in the amount of $100,000. These funds combined will be sufficient for the company to cover its expenses for the first one year of operation. This is the most crucial cash flow aspect.
BSC’#8217
The Breakeven Analysis calculates the average of all first-year sales, plus salaries and bonuses costs. The analysis shows that BSC is expected to break even in the tenth monthly of operations.
1.1 Mission
Business Solutions Consulting offers comprehensive consulting services. BSC will provide specialized and personal services that meet the needs of each client.
1.2 Keys of Success
BSC’#8217’s key to success is:
- A group of professionals with a broad range of specialty areas that complement each other.
- This specialty area requires a lot of experience.
- A team approach on most consulting projects.
- Many business contacts among the consultant group.