Do you have vast knowledge through experience and education and are ready to share that knowledge with others? Then, starting a consulting business is the best option for you.
Everyone has a problem that they can not solve by themselves and need expert advice. The problem can be anything professional like how to scale their business, or personal like overcoming drug addiction.
Also, they are even ready to pay for it. That makes the global consulting industry one of the largest and most mature markets in the service industry.
Before you start writing your business plan, spend as much time as you can reading through some examples of service-related business plans.
We have created this sample consulting business plan to get a good idea about what a perfect consulting business plan should look like and what details you will need to include in your stunning business plan.
As per the statistics, The global management consulting market is worth a whopping 160 billion U.S. dollars per year and will grow by around 80% per year over the next few years.
A large part of this consulting industry is ruled by freelancers and individuals. Still, there are 15% of consultants work at large, mid-sized, or small organizations.
The consulting services include mainly strategy consulting, technology consulting, management consulting, operations consulting, financial advisory, and human resources consulting.
Things to Consider Before Writing Your Consultancy Business Plan
Find your niche
Doing good as a consultant is chiefly about being so good and so well-versed with a business segment that you can solve almost every problem that comes your way.
Hence, finding a niche and knowing everything about it is essential.
Figure out a way to convince people that your advice will work
More often than not, there’s no room for errors in a consultancy business. Your advice would turn out the helpful majority of the time, or not
Take note of what works and does not work, and have strong evidence to convince your clients that your suggestions would work.
Customer base and services
Figure out your target customer base and how you would reach out to them. How will you convince your customers that your services are valuable?
Also, figure out what additional services you’ll offer apart from your core services. Many consultants today offer social media management services to help their clients take actionable steps.
Carry out a competitive analysis
Competitive analysis helps you stay updated with your competitors’ strategies. You also get an insight into what works and does not work, so you get to keep the trial and error at a minimum.
Write Your Business Plan
If you are planning to start a new consulting business, the first thing you will need is a business plan.
Reading sample business plans will give you a good idea of what you’re aiming for. It will show you the different sections that different entrepreneurs include and their language to write their business plans.
Consulting Business Plan Outline
This is the standard consulting business plan outline, which will cover all important sections that you should include in your business plan.
- Executive summary
- Market Validation
- Short-Term (1 -3 Years)
- Long Term (3-5 years)
- Mission statement
- Keys to success
- Financial Highlights
- CCI – 3-Year Financial Highlights
- Business Overview
- Company Ownership/Legal Entity
- Interior Operating Facilities
- Hours of Operation
- Startup summary
- Products & Services
- Visa and Government Relations
- Business and Investment Consulting Services
- Legal and Compliance Services
- Human Resources
- Market Analysis
- Market segmentation
- Market Trends
- Target market
- CCI Market Distribution
- Competitive Advantage
- SWOT analysis
- Strategy & Implementation
- Distribution Strategy
- Marketing and Promotion Programs
- Positioning Statement
- Sales strategy
- Marketing Channels
- Pricing strategy
- Distribution Strategy
- Operational Plan
- Organization chart
- Management Team
- Personnel Plan
- Hiring plan
- Jane Doe
- John Doe
- CAPITAL CONSULTANCY INC
- Financial plan
- Important Assumptions
- Brake-even Analysis
- Projected Profit and Loss
- Profit Yearly
- Gross Margin Yearly
- Projected Cash Flow
- Projected Balance Sheet
- Business Ratios
After getting started with Upmetrics, you can copy this consulting business plan template into your business plan and modify the required information and download your consulting business plan pdf or doc file. It’s the fastest and easiest way to start writing your business plan.
Download a sample consulting business plan
Need help writing your business plan from scratch? Here you go; download our free consulting business plan pdf to start.
It’s a modern business plan template specifically designed for your consulting business. Use the example business plan as a guide for writing your own.