Consulting Firm Financial Plan

Key Revenue & Costs

The revenue drivers for Expert Business Consultants are the fees it will charge to the clients for the start-up business consulting it will provide. The clients will choose from a list of services and be able to tailor their consulting plan. All fees will be paid upfront and Expert Business Consultants will deliver their services per agreed upon deadlines.

The cost drivers will be the payroll for the two employees, rent and utilities for the office space, and office supplies. Other cost drivers will be the advertising costs, training for the staff, and technology for the business.

 

Funding Requirements and Use of Funds

Expert Business Consultants is seeking $160,000 in debt financing to begin operations of the business. The funding will be dedicated towards securing the office space, office equipment, and supplies. Funding will also be dedicated towards three months of overhead costs to include payroll of the staff. The breakout of the funding is below:

• Securing office space, build-out, and design: $50,000
• Three months of overhead expenses (payroll, rent, utilities):  $50,000
• Marketing & Advertising: $25,000
• Licensing & Technology: $25,000
• Office supplies & Equipment: $10,000

Key Assumptions

The following outlines the key assumptions required in order to achieve the revenue and cost numbers in the financials and in order to pay off the startup business loan.

• Number of Initial Clients per Month: 10
• Average Fees per Month: $50,000
• Office Lease per Year: $100,000

Financial Projections

Income Statement

 

Balance Sheet

 

Cash Flow Statement