But before you do, you might want to consider taking the time to create a business plan for your new venture, which will not only help you map out the opportunities before you, but also the threats. While business plans doesn't appeal to everyone, especially if you don't ever expect to raise capital for your business, it can be a critical factor in getting your business off the ground, says Jennifer Leake, a certified management consultant and founder of Consultants Goldan online community dedicated to helping consultants run their ventures successfully. That's why, as you get started, Leake offers the following tips for developing a plan:
We will help our clients attain economic utilization of the major fractions of biomass as well as minor components that can be functionalized into high-value specialty products.
The two major components of all forms of biomass are cellulose and hemicellulose, which are long chains of simple sugars. Many chemicals made today from petroleum were once manufactured from sugar. Several of these are niche chemicals with small markets and high barriers to entry.
The others are comprised of commodities whose manufacturing costs are optimized by the economies of scale found in the traditional refineries of the world.
Under-utilized lignocellulosic biomass feeds have the potential to be much cheaper than petroleum, on a carbon basis.
Biomass contains the same sugars which have been demonstrated to work. There are many products that can only be effectively made from biomass sugars. Industrial biotechnology has developed fermentation organisms which produce high selectivities to specific products, often with preference to one racemic stereoisomer over another important in, for example, many pharmaceutical compounds.
To mimic these feats of biochemistry, traditional feedstocks and processes would be much more expensive, if they were even possible at all. An excellent example of industrial biotechnology is polylactide polymers made from fermenting corn sugars, by Cargill Dow LLC.
We seek to serve as management consultants to those individuals and companies that intend to lead the bio-industrial revolution.
The expected customer base includes emerging industrial-biotechnology firms, large existing chemical companies and utilities, and agricultural operations.
With our assistance our clients will also achieve sustainability from the perspective of the triple bottom lines — economic, environmental, and social responsibilities in all their business activities.
The potential market is enormous. Figure 1 forecasts sales, gross margin, and net profit for the three years covered in this business plan.
Starting with an investment from outside investors, the plan projects a modest profit over the three-year period and a healthy net worth at the end of year 3.
At this point the firm should be well-positioned to add consultants to grow the business, or to consider a buy-out from a large consultancy. We will provide this service while adhering to our economic, social, and environmental responsibilities for our clients, our industry, and ourselves.
To accomplish this objective, the following elements are crucial: Unique consulting services that are clearly proven.
Ability to manage confidentiality and intellectual-property issues among competitors. Professional relevance state-of-the-art awareness and knowledge growth in rapidly expanding industry.
Retention of our own employees and partners. We sell consulting services only in industries and activities associated with the industrial bio-refinery, the integrated business systems that are revolutionizing the production of chemicals and energy from renewable resources.
Some of these categories are largely unknown e.
Other items can be purchased as revenue is obtained and more resources are needed to keep up with the work. The plan calls for some liquid assets at start-up.
This fund will pay expenses for the first few months, as well as providing a cash-reserve fund. Start-up investment is needed.
The total valuation of the firm has been estimated to be modest, and a net worth to be realized during year 4 of the operation according to the plan.
This plan presents an exit strategy but also offers the long-term upside of the business to any initial investors. A downtown office location will be advantageous, especially if some of the local clientele are also positioned downtown.
The founder will retain a home office as well as one at the central headquarters. The nature of the work we do is a combination of technical engineering, economic forecasting, and management strategy, all on a strict confidential basis.
Market research and business development. Biomass-feedstock supply and demand. In competition with petroleum-derived equivalents e. Chemicals and materials currently produced only from biomass resources e.
Future bio-refinery products such as hydrogen and a wide range of chemicals and materials produced from fermenting biomass sugars. Confidential discussions with possible partners and vendors.A consulting business plan is written as much for you, the consultant, as for anyone else. The point of writing it is to concentrate on what's important.
That clarity is what will help you succeed. Business Solutions Consulting is a team of six business consultants. Each consultant specializes in a particular discipline, including finance, sales and marketing, technology, management, operations, and human resources.
Business Solutions Consulting consulting planning business plan executive summary. Business Solutions Consulting, is a start-up business offering full-cycle, business-to-business planning consulting.
|A Sample Business Consulting Firm Business Plan Template||As a matter of fact, the supply of business consultancy and advisory services has significantly exceeded demand. In other to position to take on the market, most consulting firms have begun to diversify their services as against restricting their services to just a niche in the industry Denzel and McPherson Consulting, LLP might be a new entrant into the business consulting industry in the United States of America, but the management staffs and board members are considered gurus.|
|How to Write a Consulting Business Plan | Small Business Guide | Xero US||But most business plan templates were written for retailers, manufacturers and other employers — not consultants.|
is a start-up consulting firm focused on serving the comprehensive needs of businesses in the full range of the business cycle. With a core /5(45).
The consulting industry is indeed a broad industry that covers a wide range of services such as management consulting, strategy consulting technological consulting, marketing consulting, human resource consulting, training consulting, tax consulting, and any other business activities that involves giving advice and expertise et al.
Oct 24, · Business Consulting Sample Plan. This business plan will provide you with an excellent overview if you are thinking of starting a business consultancy.
Published. 9 years ago. on. Oct 24, By. Well-known management-consulting firms Example: McKinsey, Bain, BCG, etc. A Sample Business Consulting Firm Business Plan Template Are you about starting a consulting business online?
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