Opportunity
Problem
Scope creep. Consulting clients use the approval process for more consulting without additional payment.
A professional consulting business normally involves a proposal — also called an engagement letter — and acceptance. Accepted proposals are the agreements between client and consultant on what’s to be done, when and how much.
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 critical missing link for most consultants.
Solution
Overture compiles proposals including text, tables, milestones and component tasks. Date and deadline data is included. Overture also provides ongoing progress tracking with tickler functions, communication and billing for the progress. The secret sauce is easy to use tools and a conceptual framework that prevents scope creep.
Market
Prospects may include single professionals as well as small professional firms and individuals within large businesses. The software is affordable at different levels. Individual accounts can be purchased for as low as $19.95 per month.
Competition
Competing software
There are many good proposal management options span style=”font weight: 400 ;”>.
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PandaDoc
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RFPIO
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Propose
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Qwilr
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Bidsketch
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Osmosis
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Loopio
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Nusii
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Quote Roller
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Proposable
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Octiv
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None of them address scope creep like Overture. They’re all priced high, but few offer the same features.
The real competition
The real competition is using existing word processing tools combined with project management and billing.
Why Us?
A great team of startup veterans has been assembled. They are able to invest their own funds in start-up investments in the middle 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
We will prioritize high growth over profits in the near future. We want to achieve the kind of high valuations that make a good opportunity for us and our investors.
Financial Highlights for the Year
You will need financing
We plan on a capital investment of $2.5 million.
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We are able, as three founders, to invest $240K early seed money in the building of the company to enable us to secure local angel investment.
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We are looking to attract $750K angel investment for the Spring 2023.
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Series In Spring 2023, venture capital will be available.