Looking for an IT Consulting Business Plan (Information Technology) with Financials for your personal use or to seek grants, and loans from investors, CBN, NIRSAL, and other institutions?
We have created a downloadable IT Consulting Business Plan with FinancialsBusiness template for you to use.
1.0. Industry Overview
The seeking of practical advice from experts of a field about a particular topic is called consulting, and the endless span of fields with well-versed individuals makes the consulting industry a broad one as it encompasses a lot of services.
The aim of organizations to employ the services of consultants is to help them tackle business challenges and proffer solutions as they are experts in the field.
As a firm that offers consultation services, if you show prowess in developing coaching skills, implementing new technology, improving operations, and developing strategy, you are sure to have more on your plate than you can eat –talking about jobs here.
The distribution of these firms is directly proportional to population distribution with its density occurring near key demand markets like financial services companies, government clients and large corporations.
This industry thrives and therefore the profit realized from these industries are astronomical which sets the table for its high-paying characteristic ant this characteristic gets better with experience as it gives you the flexibility of working with different classes of clients and your ability to solve IT issues will be greatly rewarded. Being a renowned consultant also gives you the luxury of picking who you want to work for and also tagging your service at any reasonable price you can name.
In a nutshell, IT companies are skilled at conducting research, analyzing results (from research), gathering data that would help in the course of developing solutions, these steps and processes combined with other factors will help them create standard operating procedures that help the organization achieve its goals and objectives.
The responsibility of an IT consulting firm is to improve the client’s business by making changes based on the results of the analysis that would yield good results for the company, and all these should be accomplished within an agreed timeframe
And these might seem like something no one would pay for, but if you have records and also show a degree of professionalism, which is usually enough for budding firms, corporations won’t be frugal when it comes to writing you a paycheck as long as you bring processes that will improve their performance to the table.
2.0. Executive Summary
TechNet Consulting is a renowned consulting firm. The services we offer proffer solutions to business challenges, services like; provision of information technology expertise for customers, writing and testing software to meet client’s needs, designing of computer application and network systems, on-site management and IT functions, computer application and systems design and development, IT support services and network design services.
The need for sophisticated and different approaches by businesses is the main reason we are flexible and offer a wide range of IT solutions as it is needed by our clients. Our clients interest always comes first.
3.0. Our Product and Services
Tech Solutions® Consulting, LLP is going to offer a variety of services within the scope of the IT consulting industry in the United States of America. Our intention of starting our IT consulting ﬁrm is to make proﬁts from the industry and we will do all that is permitted by the law in the United States of America to achieve our aim and ambition. Our business offering are listed below; Providing information technology expertise for consumers Writing, modifying, testing and supporting software to meet the speciﬁc needs of one client Planning, design and integration of a computer or network systems On-site management and IT function Computer systems design, development, and integration Computer application design and development IT technical support services IT infrastructure and network design services IT technical consulting services Other related IT consulting and advisory services
4.0. Our Mission and Vision Statement:
our vision is to provide our clients with skilled IT consulting solutions in a timely and eﬃcient manner. We strive to handle each client with accountability and responsiveness as if we were building our own business. We focus our attention on providing workable IT business solutions for our clients so that our clients can focus their attention on the success of their business. Our vision reﬂects our values: integrity, service, excellence and teamwork. Our mission is to provide professional and trusted IT consulting services that assist businesses and non-proﬁt organizations in operating sustainably. We provide workable IT business solutions in combination with our own business backgrounds and deliver valuable services in a timely and cost-effective way.
5.0. Our Business Structure
Tech Solutions® Consulting, LLP, is an IT consulting ﬁrm that intend starting small in New York City, but hope to grow big in order to compete favorably with leading IT consulting ﬁrms in the industry both in the United States and on a global stage. We are aware of the importance of building a solid business structure that can support the picture of the kind of world-class business we want to own. This is why we are committed to only hire the best hands within our area of operations. At Tech Solutions® Consulting, LLP, we will ensure that we hire people that are qualiﬁed, hardworking, creative, result-driven, customer-centric and are ready to work to help us build a prosperous business that will beneﬁt all the stakeholders (the owners, workforce, and customers). As a matter of fact, the proﬁt-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of ﬁve years or more as agreed by the board of trustees of the company. In view of the above, we have decided to hire qualiﬁed and competent hands to occupy the following positions;
Chief Executive Oﬃcer / Lead Consultant
Admin and HR Manager
Front Desk Oﬃcer
6.0. SWOT Analysis
Our core strength lies in the synergy and power of our team. We have an elite team of creatives, result-driven and highly proﬁcient IT experts, a team with qualiﬁcations in the IT Consulting industry. Our services result driven and guided by best practices and processes in the industry.
As a new IT consulting ﬁrm it will take some time for our organization to break into the market and gain acceptance especially from top dog clients in the competitive IT Consulting industry; that is perhaps our major weakness.
The opportunities in the IT consulting industry are massive considering the number of corporate organizations and non – proﬁts organizations that cannot successfully run their businesses without the need for outsourcing the professional assistance of IT ﬁrms.
Some of the threats that we are likely going to face as an IT consulting ﬁrm are the arrival of a competitor within our location of operations and global economic downturn which usually affects purchasing/spending power. And the right attitude to overcome threats is to be optimistic that things will continue to work for our good.
7.0. MARKET ANALYSIS
Quite several distinct trends have emerged in recent times in the IT consulting industry which is why IT consulting ﬁrms are positioning their organizations to survive the peaks and troughs of an ailing economy. Most of these trends aid IT consulting ﬁrms and organizations to become more creative, competitive, eﬃcient, and productive in a global market. Other IT consulting industry trends could be attributed to changing demographics, attitudes, and work styles. No doubt, as the cost of IT consulting services continues to increase and as corporate spending falls, new IT consulting delivery methods will continue to emerge and gain momentum going forward. In addition, the market for IT consulting services has shifted from a sellers’ market to a buyers’ market. A market where IT consultants provide software solutions that will make it easier for their clients to run their businesses. Lastly, it is now becoming trendy in the IT consulting industry for smaller IT consulting ﬁrms to merge with bigger IT consulting ﬁrms and for bigger IT consulting ﬁrms to acquire smaller IT consulting ﬁrms; mergers, and acquisitions. Many IT consulting ﬁrms all over the United States are concluding that the bigger the better for them.
8.0. Our Target Market
We are opting to initially offer our services to small to medium-sized businesses, from new ventures to well-established businesses, but that does not in any way hinder our growth to be able to compete with the sharks of the IT consulting industry. We hope to someday merge or acquire other smaller IT consulting ﬁrms and expand our IT consulting services beyond the country. We will also in working with startups, real estate investors, and contractors, manufacturers and distributors, banks, lending, and ﬁnancial institutions. Our target market cuts across people of different classes and people from all walks of life, local and international organizations as well. Our target markets are listed below;
- Banks, Insurance Companies and other related Financial Institutions
- Businesses and Entrepreneurs
- Blue Chips Companies
- Corporate Organizations
- Manufacturers and Distributors
- Real Estate Owners, Developers, and Contractors
- Research and Development Companies
- The Government (Public Sector)
- Schools (High Schools, Colleges and Universities)
- Sport Organizations
- Entrepreneurs and Start-Ups
9.0. Our competitive advantage
Surviving in the business world as an IT consulting ﬁrm requires more than just your expertise, networking with people that matter also matters; decision-makers that can decide who will get a contract or a business deal. No one would want to continue to employ your services if you always lag behind and don’t always meet up with the target sales the organization hopes to generate when they took your services.
How To Download The IT or ICT Consulting Business Plan Template PDF (with financial analysis)
Above is a part of the ICT Consulting Business business plan template in Nigeria. If you need the complete business plan, follow the procedures to download it.
Pay the sum of N8000 (Eight thousand naira only) to the account detail below:
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Thereafter, send us your email address through text message to +234 701 754 2853. The text must contain the title of the IT Consulting business plan you want and also your email address. Immediately after the confirmation of your payment, we will send the business plan in Nigeria to your email address where you can easily download it.