Management Consulting Business Plan

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Coaching Company will offer high-quality, professional coaching and development services. The principal officer of Coaching Company believes that most small businesses and entrepreneurs suffer two major problems. They lack the resources or training to develop their businesses and the knowledge necessary to view their businesses as owners. These factors can lead to lower expectations, a lack of personal and business growth, and owner burnout. Coaching Company believes that it can improve upon and exploit these weaknesses to gain local market share.

The following are the objectives of Coaching Company for the next 3 years:

• Revenues of about $81,000 in sales by the end year one
• Achieve sales revenues of approximately $150,000 by year three.
• Achieve a client mix between 60% small business and 30% entrepreneurial/10% individual per annum.
• By the end if the first year, you will be able to move into small offices.

The company will provide professional services in the most efficient way and maintain an ongoing quality-control program to ensure 100% client satisfaction. The company’s principal officer views each contract as an agreement, not between a company and its clients. It is between partners who desire to form a long-term and mutually-beneficial relationship. This will lead to greater long-term profitability through referrals, repeat business, and other activities.

Coaching Company will implement the following key steps to achieve its goals:

• Coaching Company is able to create a unique, innovative, and upscale environment that differentiates it from other professional development and coaching companies.
• Educating business leaders about the benefits of strategic and business coaching.
• A learning environment that will unite people from diverse backgrounds in order to share their experiences and overcome personal and professional challenges.
• Access to resources for business coaching and consulting services is affordable

Coaching Company is a start-up limited liability company (LLC) consisting of one principal officer with 15 years of industry experience. Frank Smith (principal), is going to invest substantial amounts of his personal capital into the company in order to cover its start-up expenses and ensure future growth. Coaching Company(r) will be a partner of the national franchise, Coaching Company(r), in order to provide services. Coaching Company will operate from a single location in Anytown (MI). Workshop facilities will also be available at various professional venues.

The company intends to make use of its existing contacts and customer database to obtain both short-term and longer-term coaching contracts. Its long-term profitability will rely on professional contracts obtained through strategic alliances, a comprehensive marketing program and a successful referral program.

In its initial phase, the company will provide professional development, strategic workshops and one-on-1 coaching. It will also be involved in special projects relationships. Coaching Company will begin offering a separate and comprehensive service for career counseling. This will include resume help, interview skills, job-seeking strategies, networking opportunities, and assistance with your resume. The company has carefully reviewed its financial projections. They have concluded that they are both conservative and generous in their expenditures. This was done to prepare for unexpected events. The company’s principal believes that cash flow projections are realistic.

1.1 Objectives

Coaching Company’s initial three years of operation have the following objectives:

• Coaching Company is a distinctive coaching and professional development company that creates an innovative and unique environment.
• Educating the business community on what business and strategic coaching has to offer.
• The creation of a learning community that brings together people from diverse backgrounds in a common platform to overcome obstacles professionally and personally.
• Access to resources for business coaching and development services is affordable

Over the next three-years, Coaching Company’s financial goals are:

• End of the first year, achieve sales revenues of around $81,000
• By the third year, your sales revenues are approximately $150,000
• Reach a client mix of 60% business, 10% entrepreneurial and 10% individual each year.

By the end of the first year, you can move into a small office space.

Hire one salesperson/coach by the end if your second year.

1.2 Mission

Coaching Company offers small business owners, managers and entrepreneurs a reliable, high-quality resource for business coaching, and professional and management development on both a local and national scale. Its mission helps clients create the strategy, motivation, and accountability they need to succeed in business and life. Each contract is a partnership between two partners, who seek to establish a close, mutually-beneficial long-term relationship. This will help to provide greater long-term profits through referrals and repeat business. Coaching Company should also be able keep its finances in check by offering high quality services and charging high fees.

Success: 1.3 Keys

1. Excellence in fulfilling the Promise.
2. Developing visibility to generate new business leads
3. You can leverage your expertise from one source into multiple revenue-generating opportunities: retainer coaching and project consulting, workshop facilitation, individual coaching, and workshop facilitation.
4. To maintain client success and growth, we create productive and thought-provoking learning experiences.
5. We make use of the latest technology
6. Easy access to services
7. Setting up a team of experienced advisors

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