Business plans are tough to write. Too many entrepreneurs get caught up in the excitement of their new idea, only to find themselves struggling when it comes time to plan that idea out on paper. Businesses plans are the blueprints that will guide your business through the first several years of operation, but without one you'll be flying blind. Business plans can attract new investors to your idea, or they can serve as an excellent platform if you're seeking grants.
Acme Consulting will be created as a California C corporation based in Santa Clara County, owned by its principal investors and principal operators. Our secondary target will be the medium-sized companies in high growth areas such as multimedia and software.
One of Acme's challenges will be establishing itself as a real consulting company, positioned as a relatively risk-free corporate purchase. Industry competition comes in several forms, the most significant being companies that choose to do business development and market research in-house.
There are also large, well known management consulting firms such as Arthur Anderson, Boston Consulting Group, etc. These companies are generalist in nature and do not focus on a niche market. Another competitor is the various market research companies, such as Dataquest and Stanford Research Institute.
Acme Consulting's advantage over such companies as these is that Acme provides high level consulting to help integrate market research data with the companies goals. Acme Consulting will be priced at the upper edge of what the market will bear, competing with the name-brand consultants.
The pricing fits with the general positioning of Acme as providing high-level expertise. They are founding Acme to formalize the consulting services they offer. Acme should be managed by working partners, in a structure taken mainly from Smith Partners.
In the beginning we assume partners.
The company does not anticipate any cash flow problems arising. A true alternative to in-house resources offers a very high level of practical experience, know-how, contacts, and confidentiality. Clients must know that working with Acme is a more professional, less risky way to develop new areas even than working completely in-house with their own people.
Acme must also be able to maintain financial balance, charging a high value for its services, and delivering an even higher value to its clients. Initial focus will be development in the European and Latin American markets, or for European clients in the United States market. Developing visibility to generate new business leads.
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Business plans are tough to write. Executive Summary. Acme Consulting will be a consulting company specializing in marketing of high-technology products in international markets. The company offers high-tech manufacturers a reliable, high-quality alternative to in-house resources for business development, market development, and channel development.4/5(10).
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The business planning and financing management process consists of four major the CEO of the company should write the business plan. Building Block 2 – The Business Plan and Executive Summary.
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