BUSINESS STRATEGIES

How to create a consultant business plan

  • Nirit Braun
  • Oct 30, 2023
  • 12 min read

How to create a consultant business plan

When launching your consulting business, one of the essential first steps is crafting a well-structured and detailed business plan. Your consulting business plan is like a strategic playbook that lays out your goals, tactics and financial projections. It not only steers you toward success but also equips you to adapt and thrive in the dynamic world of consulting.

Keep reading for tips on how to build a strong business plan for your business. Use the template provided at the end to get started on your own plan.

Looking to kick off your consultancy business? Create a business website today with Wix.

Why create a consultant business plan? Top benefits to consider

A business plan forces entrepreneurs to thoroughly evaluate their business idea, target audience and competitive landscape. This process clarifies their vision and mission, ensuring that they have a clear understanding of how their consultancy will provide value to clients. A business plan helps you in the following ways:

Create a business blueprint : With a business plan in place, entrepreneurs looking to start a business can make informed decisions based on a solid foundation of research and analysis. They can choose the most effective strategies for marketing, pricing and service delivery, enhancing their chances of success. Your business plan can also be used to explain what type of business you'll start - whether that's an LLC, Corporation or something else. Learn more about how to start an LLC .

Secure funding : The cost to start a consultancy business can range from around $60 to several thousand dollars . For those seeking external funding, a well-developed business plan demonstrates credibility and professionalism. Investors and lenders are more likely to support a venture with a thought-out plan that showcases its potential for growth and profitability.

Set measurable goals : A business plan sets measurable goals and performance metrics, which is vital with this type of business . This allows entrepreneurs to track their progress, adapt strategies as needed and celebrate milestones along the way.

Want to remind yourself of the basics? Learn more about how to start a service business .

How to create a successful consultant business plan in 6 steps

In this section, we'll break down the key components involved in crafting a successful consultant business plan in six steps.

Executive summary

Business and domain names

Market analysis and research

Operations plan

Marketing and advertising plan

Financial plan

01. Executive summary

An executive summary serves as a concise overview of the consultant's business plan, providing a snapshot of the key components and the business' essence. It's usually the first section investors, lenders and stakeholders read, so it must encapsulate the business' value proposition, objectives, strategies and projected growth. To write a clear executive summary for a consultant business make sure to keep it succinct yet informative. Clearly state the purpose of the business, the services offered, the target market and the unique value proposition. Avoid technical jargon that may confuse readers.

Then you can mention the business' strengths, such as the expertise of the consultants, unique methodologies or specialized services. Emphasize factors that set your consultancy apart from competitors.

Briefly discuss the market need for your services and how your consultancy plans to fulfill it. It’s worth noting that strategy and management consulting, as well as technology consulting, financial consulting and HR consulting are in high demand . Highlight any trends or changes in the industry that your business can capitalize on.

Remember to include a snapshot of your financial projections, indicating expected revenue, costs and profitability. This provides a glimpse into the business' potential financial success.

Example of an executive summary for a consultant business

"XYZ Consulting is a boutique consultancy firm specializing in digital transformation for small and medium-sized enterprises (SMEs). With a team of seasoned professionals, we offer tailored solutions to help businesses harness the power of technology for growth. Our unique approach blends strategic consulting with hands-on implementation, ensuring tangible results. In a rapidly evolving tech landscape, XYZ Consulting is poised to be the partner SMEs need to thrive. Our financial projections forecast a steady growth trajectory, with a focus on achieving profitability within the first two years. With a proven track record and a finger on the pulse of industry trends, XYZ Consulting is well-equipped to guide businesses toward digital success."

02. Business and domain names

Knowing how to name a business is crucial for a consultancy venture and a key step before you register your business . It's the foundation of your brand and influences how clients perceive your services. With Wix , you can use a free business name generator or consulting company name generator as helpful tools for brainstorming unique and memorable names. Ensure the name reflects your expertise and the services you offer.

Similarly, the domain name for your business website is vital. It should be easy to remember, relevant to your services and ideally, match your company name. Check the domain's availability using domain registration platforms. Ensure the domain name aligns with your consultancy's focus and services. Generally, this means keeping it short and easy to spell and pronounce.

Learn more: How to make a consulting website

03. Market analysis and research

Incorporating a thorough market analysis within your consultant business plan is essential. Understand the competitive landscape, target audience and market trends. Research your competitors' strengths and weaknesses, pricing strategies and client base. This information will shape your business strategies and help you identify gaps in the market that your consultancy can fill.

04. Operations plan

The operations plan outlines the logistical aspects of your consultancy. It covers location, premises, equipment and staffing requirements. Determine whether your consultancy will be home-based, have a physical office or operate virtually. Define the equipment and software needed to deliver services effectively. Outline your staffing needs, including the roles and expertise required.

05. Marketing and advertising plan

Your marketing and advertising plan outlines how you will promote your consultant business. Identify the most effective strategies to reach your target audience. Consider content marketing, social media campaigns, networking events and speaking engagements to showcase your expertise. Emphasize how your marketing efforts will build brand awareness and attract clients.

You’ll need to develop a suite of brand assets to use in your marketing as well, starting with a company logo. You can use a free logo maker to get a professional logo in minutes.

06. Financial plan

The financial plan is a critical component of any business plan. It outlines how you will raise money for your business initially and provides a timeline for reaching profitability. Detail your startup costs, including equipment, marketing expenses and personnel. Present your revenue projections, taking into account different pricing models and growth scenarios. Highlight your break-even point and the strategies you'll employ to achieve profitability.

By addressing each part of their plan, entrepreneurs can create a robust business plan that guides them toward achieving their business goals and building a reputable consulting brand.

steps to developing a business plan

Consultant business plan examples

These templates illustrate two hypothetical consultant business plans, each tailored to a specific niche. These are just templates and should be adapted to your specific business goals and industry dynamics.

Consultant business plan template #1: XYZ Digital Consultants

XYZ Digital Consultants is a pioneering consultancy firm focused on digital transformation for businesses seeking to thrive in the digital age. Our team of experienced professionals offers strategic guidance and hands-on implementation to drive growth through technology adoption. With projected profitability within two years and a commitment to excellence, XYZ Digital Consultants is poised to lead businesses into a successful digital future.

Company and domain name

Company name: XYZ Digital Consultants

Domain name: xyzdigitalconsultants.com

Market opportunity: The rapid shift toward digital operations has created a substantial demand for expert guidance. Our analysis reveals a gap in the market for holistic digital transformation solutions tailored to the needs of SMEs.

Competitor research: We've identified key competitors and their strengths, which informs our strategy to emphasize personalized service and comprehensive implementation.

Location: Primarily virtual, with occasional in-person consultations as needed.

Premises: Home-based setup with access to modern communication tools.

Equipment: High-speed internet, latest software tools and virtual meeting platforms.

Staffing: Founder and lead consultant, supported by contract specialists as projects demand.

Content marketing: Regular blog posts on digital transformation trends, case studies and client success stories.

Social media campaigns: Active presence on LinkedIn and X to engage with potential clients and share valuable insights.

Networking events: Participation in industry webinars, seminars and local business events to showcase expertise.

Speaking engagements: Leveraging speaking opportunities at conferences and workshops to establish authority in the field.

Startup costs (equipment, website development, marketing materials): $15,000

Revenue projections (year one): $150,000

Revenue projections (year two) : $300,000

Break-even point: Achieved by the end of year one

Funding: Initial investment and savings from the founder

Consultant business plan template #2: LeadersEdge Consultants

LeadersEdge Consultants is a dynamic consultancy dedicated to leadership development and organizational excellence. Our experienced team offers customized programs that empower leaders to drive positive change. With a projected growth trajectory and a commitment to fostering impactful leadership, LeadersEdge Consultants is poised to transform organizations and elevate their success.

Company name: LeadersEdge Consultants

Domain name: leadersedgeconsultants.com

Market opportunity: Our analysis reveals a growing need for leadership development programs in diverse industries.

Competitor research: We've identified competitors' offerings and recognized an opportunity to provide a unique blend of coaching, training and strategy implementation.

Location: Virtual consultations, with the option for on-site workshops

Premises: Virtual office setup with video conferencing capabilities

Equipment: High-quality audiovisual tools, assessment software and learning platforms

Staffing : Founder will serve as the lead consultant, supported by certified leadership coaches

Customized workshops: Designing tailored leadership development programs for individual organizations.

Webinars: Hosting webinars on leadership best practices to showcase expertise and engage potential clients.

Thought leadership content: Publishing whitepapers, eBooks and video content on leadership topics.

Collaborations: Partnering with HR and talent development professionals to expand reach.

Startup costs ( making a website , training materials) : $10,000

Revenue projections (year one): $120,000

Revenue projections (year two): $250,000

Break-even point: Achieved within the first six months

Funding: Initial investment from the founder.

How much should you be charging as a consultant?

The amount you charge as a consultant will depend on a number of factors, including:

Your experience and expertise

The type of consulting services you offer

The value you provide to your clients

The market rate for consulting services in your field

In general, consultants charge between $100 and $500 per hour. However, some experienced and highly specialized consultants can charge upwards of $1,000 per hour.

To determine your consulting rate, you can use the following formula:

Consulting rate = Hourly rate * Value multiplier

Your hourly rate should reflect your experience and expertise, as well as the type of consulting services you offer. For example, if you have 10 years of experience and you offer specialized consulting services, you can charge a higher hourly rate than a consultant with less experience and who offers more general consulting services.

Your value multiplier should reflect the value you provide to your clients. For example, if you can help your clients to achieve significant results, you can charge a higher value multiplier.

Here is an example of how to use the formula:

Consultant: Experienced consultant with 10 years of experience offering specialized consulting services

Hourly rate: $200 per hour

Value multiplier: 2

Consulting rate: $200 per hour * 2 = $400 per hour

Can a consulting business be profitable?

Yes, a consulting business can be profitable. In fact, consulting is one of the most profitable industries in the world. According to a report by IBISWorld, the average profit margin for consulting businesses is 20%. This means that for every $100 in revenue, consulting businesses generate $20 in profit.

There are a number of factors that contribute to the profitability of consulting businesses. First, consultants are able to charge high fees for their services. Second, consulting businesses have relatively low overhead costs. Third, the demand for consulting services is high, and it's only expected to grow in the coming years.

Of course, not all consulting businesses are successful. Some consultants struggle to find clients or to charge high enough fees. Others may not be able to deliver the results that their clients expect. However, for consultants who are able to overcome these challenges, the potential rewards are great.

Here are some tips for increasing your chances of success as a consultant:

Specialize in a high-demand area of consulting. This will allow you to charge higher fees and attract more clients.

Build a strong reputation and network of clients. This will help you to generate word-of-mouth referrals and land new clients.

Market your services effectively. Make sure that potential clients know about your services and how you can help them.

Deliver high-quality results. This is the most important thing you can do to ensure that your clients are satisfied and that they continue to use your services in the future.

How much does it cost to start a consulting business?

The cost to start a consulting business can vary depending on a number of factors, such as the type of consulting services you offer, the size of your business and your location. However, in general, you can expect to spend between $10,000 and $50,000 to start a consulting business.

Here is a breakdown of some of the typical start-up costs for a consulting business:

Business formation: $100 to $1,000

Website and domain name: $100 to $2,500

Marketing and advertising: $500 to $5,000

Office equipment and supplies: $500 to $5,000

Professional liability insurance: $500 to $1,000

Other miscellaneous expenses: $500 to $5,000

Total start-up costs: $10,000 to $50,000

You can reduce your start-up costs by working from home, using free or low-cost marketing tools and purchasing used equipment. You can also start your consulting business part-time while you continue to work your full-time job. This will give you a chance to generate revenue and build a client base before you leave your full-time job.

If you need financial assistance to start your consulting business, you may be able to qualify for a loan from a bank or credit union. You may also be able to find investors who are willing to invest in your business.

Which clients to avoid and which to take on?

Here are some tips on which clients to avoid and which to take on in a consulting business:

Clients to avoid

Clients who aren't willing to pay your rates. If a client isn't willing to pay your rates, it's a sign that they don't value your services.

Clients who are unrealistic about their expectations. If a client has unrealistic expectations about what you can achieve, you're likely to set yourself up for failure.

Clients who are difficult to work with. If a client is demanding, rude or disrespectful, it's best to avoid them.

Clients who aren't a good fit for your business. If a client isn't in your target market or if their business isn't aligned with your values, it's best to decline working with them.

Clients to take on

Clients who are willing to pay your rates. This shows that they value your services and are committed to working with you.

Clients who have realistic expectations. This makes it more likely that you will be able to meet their needs and exceed their expectations.

Clients who are easy to work with. This will make the consulting process more enjoyable and productive for both of you.

Clients who are a good fit for your business. This means that they're in your target market and that their business is aligned with your values.

In addition to the above, here are some other factors to consider when deciding which clients to take on:

Your own skills and experience. Make sure that you have the skills and experience to help the client achieve their goals.

The client's budget. Make sure that the client has a budget that's sufficient to cover your fees.

The client's timeline. Make sure that you have the time and resources to meet the client's timeline.

Your gut feeling. If you have a bad feeling about a client, it's best to trust your gut and decline working with them.

It's important to be selective about the clients you take on. By avoiding difficult clients and focusing on good-fit clients, you can set yourself up for success in your consulting business.

Consultant business plan FAQ

What qualifies you as a consultant.

To qualify as a consultant, you need to have the expertise and experience in the area that you're consulting in. You also need to be able to communicate your ideas effectively and build relationships with clients.

How do you start off as a consultant?

How to make 6 figures as a consultant, how do you pay yourself as a consultant, do consultants pay their own taxes, want to create another business plan.

How to create a virtual assistant business plan

How to create a cleaning business plan

How to create a plumbing business plan

How to create a trucking business plan

How to create a daycare business plan

How to create a food truck business plan

How to create a restaurant business plan

How to create a clothing line business plan

How to create a real estate business plan

How to write a contractor business plan

How to create a bar business plan

How to create a coffee shop business plan

How to create a bakery business plan

Looking for other service business ideas ?

How to start an online business

How to start a consulting business

How to start a fitness business

How to start a fitness clothing line

How to start a makeup line

How to start a candle business

How to start a clothing business

How to start an online boutique

How to start a T-shirt business

How to start a jewelry business

How to start a subscription box business

How to start a beauty business

How to start a car wash business

How to start a baking business

How to start a food prep business

How to start a trucking business

How to start a construction business

How to start a landscaping business

How to start a food business

How to start a vending machine business

How to start a contractor business

How to start a coaching business

How to start an eCommerce business

How to start a dropshipping business

How to start a farming business

How to start a plumbing business

How to start a rental property business

How to start a cleaning business

Check out more service business examples .

Looking to start a business in a specific state?

How to start a business in Arizona

How to start a business in South Carolina

How to start a business in Virginia

How to start a business in Michigan

How to start a business in California

How to start a business in Florida

How to start a business in Texas

How to start a business in Wisconsin

Related Posts

How to create a website from scratch in 11 steps (for beginners)

How to start a business in 14 steps: a guide for 2024

Consulting business names for your firm

Was this article helpful?

Upmetrics AI Assistant: Simplifying Business Planning through AI-Powered Insights. Learn How

Upmetrics

Business Planning

  • Financial Forecasting

AI Assistance

See how upmetrics works  →, strategic planning, entrepreneurs & small business, accelerators & incubators, business consultants & advisors, educators & business schools, students & scholars.

  • Sample Plans

Business Plan Course

Small business tools.

  • Strategic Canvas Templates

E-books, Guides & More

  • WHY UPMETRICS?

Customers Success Stories

  • Business Plan Builder
  • Canvas Modeling
  • Product Tour
  • Business Consultants and Advisors
  • Entrepreneurs And Small Businesses
  • Accelerators & Incubators
  • Educators & Business Schools
  • Students & Scholars
  • Sample Business Plans
  • business plan course
  • E-Books, Guides & More
  • Success Stories

How to Write a Consulting Business Plan + Free Template

trustpilot reviews

Are you someone people usually come to to get valuable business advice? Or do you really like sharing valuable business insights to help businesses grow? Well, starting a consultancy business can be one efficient move to monetize your expert skills.

Now, you wouldn’t start a business without solid planning, would you? Well, how about you take the first step and write an actionable management consulting business plan for your business idea?

Writing a business plan can be tough. But we are here to make it easier for you.

This step-by-step guide is here to help you write a forward-thinking, realistic plan in easy actionable ways and offers a free management consulting business plan template to kickstart your writing process. .

So let’s get started.

Key Takeaways

  • Craft a remarkable executive summary summarizing the concept, strategies, objectives, financial projections, and mission values of your consulting business plan.
  • Conduct in-depth industry analysis and market research identifying emerging trends and shifts that are likely to influence your consultancy business.
  • Introduce the services of your consultancy firm along with its pricing plan to give readers a thorough idea of your service offerings.
  • Conduct a SWOT analysis of your key competitors and determine your competitive edge over them to strengthen your competitive analysis.
  • Lay down a clear organizational chart highlighting the key skills, salaries, and experience of people working in your consulting firm. .
  • Create realistic financial projections for sales, revenue, costs, expenses, and cash flow for your consultancy after making room for contingencies and emergencies.
  • Draft a detailed operations plan highlighting the processes and procedures for everyday activities at your consultancy.
  • Devise a diversified marketing and sales plan to promote your business effectively to your target audience.

Key Elements of a Management Consulting Business Plan

  • Executive Summary
  • Company Overview
  • Competitor and Market Analysis
  • Service Offerings
  • Marketing Plan
  • Management Consulting Team
  • Operational Plan
  • Financial Outlook

Since we are talking about a consulting business plan, let us walk you through this step-by-step outline to help you write a stellar plan covering all the essential facets.

1. Executive Summary

The executive summary is the first and foremost section of your consulting business plan that will engage your readers and persuade them to dive further into details.

Begin by offering a brief overview of your business idea highlighting what it does. Take reference from the below example written using Upmetrics AI assistant .

Further, paint a picture, briefly highlighting your consulting services, market scenario, competition, USP, marketing and sales strategies, and financial objectives.

Ensure that you adopt a storytelling approach while crafting your executive summary. Ideally, this section of your business plan should concisely summarize your entire business plan in a page or two.

So ensure that you strategically place the information within this section to keep the readers hooked.

Now be smart and revisit this section after you are done writing for every other section of your plan. A thorough understanding of your business plan at that time will enable you to craft a compelling summary easily.

Say goodbye to boring templates

Build your business plan faster and easier with AI

Plans starting from $7/month

management consultancy business plan

2. Company Overview

This section of a business plan helps the reader get a thorough understanding of your consulting firm.

The company overview offers a detailed description highlighting what type of consultancy you would run, its physical location, legal structure, mission objectives, history, and all such related information.

Begin by clearly stating the concept and niche of your consulting firm. Further, highlight whether you would be running a sole proprietorship or partnership, and if it’s the latter discuss the profit-sharing ratio.

Don’t forget to mention your business structure and whether or not will you run a Limited Liability Company (LLC).

This section is your chance to introduce your business objectives, core value proposition, and mission objectives. Highlight any milestones you plan to achieve or have already achieved and make this section insightful.

Refer to this example describing the short-term objectives of a consulting firm from an Upmetrics plan.

Consulting Business Plan company overview example

3. Competitor and Market Analysis

An in-depth analysis of the consulting industry, market, and competitors is essential to build a successful consulting business. This is the most crucial part of your consultancy business plan helping you identify your target market, emerging trends, competitors, and your advantage over them.

Market analysis

The market analysis section of your consultant business plan will help you evaluate the market condition, target market, and business growth opportunities for your consultancy business.

Begin by researching and analyzing the consultancy market size and the serviceable obtainable market of your specific consultancy.

Further, determine your target audience by creating a buyer’s persona of your ideal customer. In this customer analysis section, determine their demographic and psychographic details to get a clear understanding of who your customer would be.

Refer to this buyer’s persona written using Upmetrics AI assistant:

Lastly, identify the emerging market trends within your industry, potential risks, and the shifts in consumer behavior likely to influence your business.

Competitors analysis

In the competitive analysis section of your plan, identify the consulting firms and other businesses that offer direct or indirect competition to your business.

Your direct competitors are other consultants in your local market, while your indirect competitors are in-house experts, software solutions, and an industry-specific business community extending resourceful help.

Conduct a SWOT analysis of your key competitors and analyze them based on their service offerings, target demographics, pricing, and other relevant factors.

Highlight your competitive advantage over these firms, suggesting that there are ample opportunities for you to succeed despite the competition.

competitive advantage example for consulting business

Here’s an example of a competitive advantage for a consultancy business using Upmetrics.

4. Service Offerings

Consulting businesses offer a variety of consulting services. In this section of your consulting business plan, you will create a clear list of all the services you will be offering.

The list can include various business consulting services such as:

  • Strategy consulting
  • Operation consulting
  • Human resources consulting
  • IT Consulting
  • Risk and compliance consulting

Now, elaborate on these services to help your readers understand what it truly entails. Refer to this example of legal and compliance services brief description:

As part of our risk and compliance service, the company will offer:

  • Draft, negotiate, and conclude ‘Joint Venture Agreements’, and ‘Memoranda of cases for one of our key clients. 
  • Legal Advice & Consultation
  • Case Litigation & Pleading
  • Legal Translation
  • Business Start-up Advice
  • Management Consultancy
  • Representation and Attorney Services
  • Legal Compliance

Determine the pricing of these services and place it alongside your service list. Ideally, you should create differential and tiered pricing plans for your services to cater to different target audiences.

All in all, make this section an informative read for your readers helping them understand your unique business offerings.

5. Marketing Plan

A well-defined marketing plan is among the most important components of your consulting firm’s business plan. Well, It’s time to design your marketing strategies using your market research about the target customers and the potential clients.

Multifarious marketing efforts are essential to make your new business visibly famous in the market. Well, here are a few strategies that a successful consultant follows religiously:

Social media marketing

Choose different social media platforms to build your consultancy brand online. LinkedIn can be a good choice for a consultancy business followed by FaceBook and Instagram. Create your marketing plans for different platforms and be consistent with your posting there.

Informative website

Build an informative website for your consulting business and enhance its ranking on search engines by creating a dedicated content marketing program.

Email marketing

A well-defined email marketing program to attract new clients, newsletters for subscribed customers, and promotional services offer to convert a potential customer base.

Targeted advertising

Running a paid ads program to reach targeted small businesses and potential clients.

Refer to this example of marketing and promotion programs for your consultancy from Upmetrics.

example of marketing and promotion programs for consultancy

In this section of your consulting business plan, also highlight your marketing budget and its allocation to different marketing activities.

6. Management Consulting Team

Introduce your managerial team in this section of your consultant business plan by showing how you have the right people to run a successful consultancy.

Begin by introducing the people at top managerial positions and offer a brief description depicting their skills, expertise, and experience in offering specific consulting services.

Refer to this example introducing the managing director of a consulting agency.

Mr. Ashton will serve as the Managing Director of CCI. A highly motivated and dynamic individual, Thomas boasts vast experience in the field of aesthetics having spent a career spanning 14 years essaying various white-collar roles for aesthetic companies across America. His ability to multi-task and expertly weave through operational pitfalls equips him with exceptional management and administrative skills. The US operations include sourcing, interacting, and building client relations across the industry value chain involving professional salons and end-user clientele. Mr. Ashton’s expert management and industry-specific skills will play an instrumental role in achieving the parent company’s goal of establishing a sustainable and reliable aesthetic brand in the US.

Don’t limit this section to the introduction of owners and managers. Instead, introduce every person who’s an asset to your business and can contribute significantly to your business goals.

In this section, you will also highlight the organizational design to offer a clear understanding of the hierarchy in your consulting firm. And lastly, don’t forget to add the salaries and wages of these people alongside their roles while creating your management plan.

7. Operational Plan

The operations plan shows that you don’t only have the means but also the knack to operate the consulting business efficiently.

This section of your business plan highlights the processes and procedures essential to run the everyday operations of your consulting business and the milestones you wish to achieve.

Confused what should you include in your operations plan? Let’s check this out:

Hiring plan

Mention the number of project managers, analysts, BD, administrative, and support workers needed for your business. Briefly describe the qualifications, skill sets, and experience for these roles and lay your hiring plan to hire employees.

Refer to this example of a hiring plan for a consultancy by Upmetrics.

hiring plan example for a consultancy business

Operational processes

Briefly explain the different processes and procedures of your business in the consulting industry. This includes processes for client acquisition, service delivery, project management process, quality assessment, and client retention.

Tools and equipment

Mention all the equipment you will require to deliver quality consulting services to the clients. Also, include the pricing of these equipment and how you plan to source them from the market.

Overall, think of smaller nuances and make this section as brief and detailed as possible. Consider it as a guidebook that will answer all the operational queries that arise while running the business.

8. Financial Outlook

A comprehensive financial plan is the most crucial component of your business plan and sometimes it is the only section investors or readers might be interested in.

So work on putting together a well-detailed financial plan with realistic financial forecasts to increase the weight of your consulting plan.

The projections in a financial plan are important because they help the readers gauge the financial viability of your business idea. They offer a clear picture of the profitability, growth potential, and cash-generating capacity of your consulting business.

To create a befitting plan, begin by offering a detailed insight into your startup costs, revenue streams, profit margins, operational costs, and cash flow projections. Gather these projections to work on your key reports.

Refer to different business plans to see what more could you add to your financial section apart from these key essentials:

  • Balance sheet
  • Profit and loss statement/ Income statement
  • Cash flow statement
  • Break-even analysis
  • Investment plan

While making a financial plan, ensure that you figure out the calculations for the next 3-5 years. And yes, we agree that calculating all these financial projections from scratch can get overwhelming. However, with this financial forecasting tool from Upmetrics , the entire task of creating a detailed plan will get much easier and more effective.

Simply enter the details in the tab and let the tool undertake all the manual calculations and create engaging visual reports to add to your plan.

Get Your Free Management Consulting Business Plan

Need help writing the contents of your management consulting business plan? Well, here you go. Download our management consulting business plan pdf and start writing.

Our intuitive and modern consulting business plan template offers a step-by-step guide with relevant examples to speed up your process of writing an effective business plan. It will get your actionable plan ready while ensuring that you add all the crucial details to it.

The Quickest Way to turn a Business Idea into a Business Plan

Fill-in-the-blanks and automatic financials make it easy.

crossline

Start preparing your business plan with Upmetrics AI

And here we are. Now that you are aware of how to write an effective business plan using our consulting business plan template, you are one step closer to starting your business with a bang.

But that’s not it. What if we tell you that your business planning process can be made easier and more efficient with a few cutting-edge tools? Well, the Upmetrics business planning app is here at your service.

With an AI assistant to speed up your writing process, financial forecasting tools to help you with projections, and thousands of free educational guides to help you set up the business- we think you get it all with Upmetrics.

Get started now.

Related Posts

Bookkeeping Business Plan

Bookkeeping Business Plan

Virtual Assistant Business Plan

Virtual Assistant Business Plan

How to Write Customer Analysis for Business Plan

How to Write Customer Analysis for Business Plan

Step-by-Step Guide to Writing a Business Plan

Step-by-Step Guide to Writing a Business Plan

Frequently asked questions, what are the key components of a management consulting business plan.

While there are no fixed rules regarding what to include in your consulting business plan, you can ensure that you don’t miss adding these key components to your plan:

  • Executive summary
  • Company overview
  • Market and competitor analysis
  • Service offerings
  • Management team
  • Operations plan
  • Financial plan

What financial projections should be included in the business plan?

While making your consulting business plan, ensure that you add the financial forecasts for startup costs, expenses, revenue, cash flow, sales, and expected profitability to your plan.

How often should I update my Management Consulting Business Plan?

Ideally, you should update your business plan at least once a year since you operate in a highly dynamic industry. However, if you feel that the yearly updates are insufficient, you can also review and update your plan every quarter.

How should I approach the funding section of my business plan?

Begin by calculating your startup costs and the actual monetary situation to evaluate the funding needs for your business. Thereafter check the potential funding sources and their application procedure to avail required funding.

As a consulting business, you can choose one of these funding sources:

  • Private loan
  • SBA approved loans
  • Angel Investors
  • Venture Capitalist firms
  • Crowdfunding

Can the business plan help in securing funding or investments?

Absolutely it does. Investors, credit lenders, and banks will look after your business plan before accepting the funding request for your business. This is because a business plan offers a clear understanding of your business idea while simultaneously vouching for the financial feasibility of your plan.

What legal considerations should I include in my business plan?

Here are a few of the legal considerations you should make while writing your business plan:

  • Business licenses and permits
  • Health safety compliance
  • Insurance coverage
  • Legal business structure
  • Employment laws

About the Author

management consultancy business plan

Vinay Kevadiya

Vinay Kevadiya is the founder and CEO of Upmetrics, the #1 business planning software. His ultimate goal with Upmetrics is to revolutionize how entrepreneurs create, manage, and execute their business plans. He enjoys sharing his insights on business planning and other relevant topics through his articles and blog posts. Read more

Upmetrics logo

Plan your business in the shortest time possible

No Risk – Cancel at Any Time – 15 Day Money Back Guarantee

trustpilot reviews

Popular Templates

bpb AI Feature Image

Create a great Business Plan with great price.

  • 400+ Business plan templates & examples
  • AI Assistance & step by step guidance
  • 4.8 Star rating on Trustpilot

Streamline your business planning process with Upmetrics .

Download How to Write a Consulting Business Plan + Free Template

PlanBuildr Logo

Consulting Firm Business Plan Template

Written by Dave Lavinsky

Business Plan Outline

  • Consulting Firm Business Plan Home
  • 1. Executive Summary
  • 2. Company Overview
  • 3. Industry Analysis
  • 4. Customer Analysis
  • 5. Competitive Analysis
  • 6. Marketing Plan
  • 7. Operations Plan
  • 8. Management Team
  • 9. Financial Plan

Start Your Consulting Firm Plan Here

Consulting Business Plan

If you need a business plan for your consulting business, you’ve come to the right place. Our consulting business plan template below has been used by countless entrepreneurs and business owners to create business plans to start or grow their consulting businesses.

Important note: If you are looking for a business plan consultant , specifically, a consultant to help you write your business plan, we recommend Growthink who offers a business plan consultation service here.

Sample Consultant Business Plan & Template

Below are links to each section of your consulting business plan template:

  • Executive Summary
  • Company Overview
  • Industry Analysis
  • Customer Analysis
  • Competitive Analysis
  • Marketing Plan
  • Operations Plan
  • Management Team
  • Financial Plan

Next Section: Executive Summary >

Consulting Business Plan FAQs

What is a consulting business plan.

A consulting business plan is a plan to start and/or grow your consulting firm. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan, and details your financial projections.

You can  easily complete your consulting firm business plan using our Consulting Firm Business Plan Template here .

What Are the Main Types of Consulting Firms?

There are many types of consulting firms. Most consultant companies are in business concentrations such as Management, Strategy, Operations, IT, Human Resources, Financial Advisory, and Marketing/Sales. There are also firms that are singularly focused such as those that offer business plan consulting.

What Are the Main Sources of Revenue and Expenses for a Consulting Business?

The primary source of revenue for consulting firms are fees paid by the client. The client will either sign a contract or agreement of the services it will choose and the pricing for those services beforehand.

The key expenses for a consulting business are the cost of leasing the office, employee cost, marketing/advertising costs, and any office technology or software.

How Do You Get Funding for Your Consulting Business?

Consulting businesses are most likely to receive funding from banks. Typically you will find a local bank and present your consulting business plan to them. Angel investors and other types of capital-raising such as crowdfunding are other common funding sources.

What are the Steps To Start a Consulting Business?

Starting a consulting business can be an exciting endeavor. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster.

1. Develop A Consulting Business Plan - The first step in starting a business is to create a detailed consulting business plan that outlines all aspects of the venture. This should include potential market size and target customers, the services or products you will offer, pricing strategies and a detailed financial forecast.  

2. Choose Your Legal Structure - It's important to select an appropriate legal entity for your consulting business. This could be a limited liability company (LLC), corporation, partnership, or sole proprietorship. Each type has its own benefits and drawbacks so it’s important to do research and choose wisely so that your consulting business is in compliance with local laws.

3. Register Your Consulting Business - Once you have chosen a legal structure, the next step is to register your consulting business with the government or state where you’re operating from. This includes obtaining licenses and permits as required by federal, state, and local laws. 

4. Identify Financing Options - It’s likely that you’ll need some capital to start your consulting business, so take some time to identify what financing options are available such as bank loans, investor funding, grants, or crowdfunding platforms. 

5. Choose a Location - Whether you plan on operating out of a physical location or not, you should always have an idea of where you’ll be based should it become necessary in the future as well as what kind of space would be suitable for your operations. 

6. Hire Employees - There are several ways to find qualified employees including job boards like LinkedIn or Indeed as well as hiring agencies if needed – depending on what type of employees you need it might also be more effective to reach out directly through networking events. 

7. Acquire Necessary Consulting Equipment & Supplies - In order to start your consulting business, you'll need to purchase all of the necessary equipment and supplies to run a successful operation. 

8. Market & Promote Your Business - Once you have all the necessary pieces in place, it’s time to start promoting and marketing your consulting business. This includes creating a website, utilizing social media platforms like Facebook or Twitter, and having an effective Search Engine Optimization (SEO) strategy. You should also consider traditional marketing techniques such as radio or print advertising. 

Learn more about how to start a successful consulting business:

  • How to Start a Consulting Business

Where Can I Get a Consulting Business Plan PDF?

You can download our free consulting business plan template PDF here . This is a sample consulting business plan template you can use in PDF format.

How to write a consulting business plan

If you want to work as a consultant, you'll need a plan. Here's how to create one just for you.

A consulting business plan written up in a notebook

Consultants do things differently

If you’re a self-employed consultant your work isn't like other forms of business. Unlike retailers or manufacturers, you're not making and/or selling tangible products. And unlike service companies, you're not employing a team of people to provide solutions.

Remember you’re not not just selling your time. As a consultant, you will be paid for the skills, knowledge and abilities you've developed over your career.

We have some useful background reading about the benefits of becoming a consultant or contractor , which will help explain how such businesses work. But having decided to become a consultant, what's the next step?

Like all new small businesses, you'll need a plan. That plan will have to cover funding, growth, pay rates, expenses, marketing, equipment costs, training and qualifications. It will also have to cover your goals, and the strategy you'll use to reach them.

Consulting business plans are a little different to other business plans. Here's what you need to know to get your consulting career off the ground.

Who are you writing the plan for?

This is an important question to ask yourself before you start. For most conventional businesses the answer will be "For the bank and investors." That's because small businesses usually need startup funding to get off the ground.

But consultants setting up their own business might not need much funding – if any. It's still important to have a business plan though – not only to clarify the details in your own mind, but also to help you understand the potential risks and rewards.

A good business plan will combine elements of both finance and strategy, but the contents will vary depending on the target audience. We'll take a look at the options next.

A business plan for banks and investors

You may not need funding for capital equipment expenses or office rent. But you might need a loan to tide you over for the first few months, until you have a regular cash flow. The initial period for any new business can be a tough time – money worries will just make it tougher.

You may also decide that you want to make more of an impression by hiring office space, perhaps in a shared office environment. Or you might want funds to spend on marketing and advertising, particularly if you're offering consulting services in a competitive market.

For all of this, you'll need money. You could apply for a bank loan, look for grants, or try other forms of capital-raising such as crowdfunding. Whichever method you choose, any potential investors will want to see the important numbers. That means you'll need to cover the following points in your business plan:

  • target market and sector analysis
  • business objectives and USP (unique selling proposition)
  • startup expenses and assets, including equipment
  • overheads and fixed costs
  • marketing strategy and budget
  • funding requirements, loan collateral and cost of interest
  • pay rates, revenue and cash flow projections
  • sales forecasts in monthly intervals
  • ongoing expenses
  • growth projections and strategy

Some of this information will be difficult for you to estimate. It might be even harder for you to present clearly. Use your accounting software to help with figures and to produce professional tables and charts. Then, an accountant can help you include the right information in your plan.

A business plan for you

Of course, you might not need any funding. Perhaps you have enough savings to keep you going for a few months and clients already lined up. Or you may be starting your consulting career after an inheritance or unexpected windfall.

If money isn't an immediate concern, you can afford to be less formal when drafting your plan. That means making sensible predictions and setting goals for yourself, not just financial targets – though you should include those too.

This isn't an exercise in creative writing. The purpose of creating a plan is to help you concentrate on what you want to achieve. Some points to consider include:

Reasons for being a consultant

Why are you doing this? It's important to answer honestly. If the answer is “to make more money” or “because I'm good at what I do” then write that down. Write down all the reasons you can think of, then read them back. Do they sound convincing? Make sure you know your true motivation, as it will help you focus on your goals.

Consulting can mean you have an irregular income. Sometimes you might be busy, other times less so. It makes sense to keep some money in savings accounts, especially if you'll be paying tax at the end of the year instead of while you're earning.

Relationship risks

Think about the impact of consulting on your family or friends. Consultants often work irregular hours, sometimes from home, and they might be working at weekends. That can put a strain on relationships. Be realistic about this and set boundaries around when and where you will work.

Which clients to avoid and which to take on

You will already have an idea of the types of client you don't want to work for, because you know the industry you work in. For example, known late-payers can damage your cash flow so it's sensible to avoid them where possible. Look for clients who are reliable, as they’ll help make your business a success. Know that you can let go of clients who are more trouble than they're worth.

Training and certification

In many industries, especially IT, it's important to keep your skills up to date. But your clients are unlikely to pay for you to go on training courses – that's an expense you'll have to cover yourself. How will you stay up to date? Think about industry magazines, websites, forums, news feeds, conferences, courses, distance learning, peer groups and self-teaching strategies.

Personal goals

Perhaps you're planning to be a consultant for the rest of your working life. Maybe you want to do it for a couple of years and then move back in-house as an employee. Or you might want to start employing other consultants at some stage and build up an agency – maybe even sell it. It doesn't matter what your personal goals are, as long as you have some. Write them down and bear them in mind when making big decisions.

What to do with your profits

This is a good opportunity to think about how much money you want to make . Consider how much you will charge and what you will do with your commission. For example you may decide to use 50% to cover costs, pay yourself with 30% and put 20% back into your business.

Some of this information would be inappropriate to include in a financial business plan for banks or investors. But it can be very helpful in guiding you through the early part of your consulting career.

Five top tips for writing a good consulting business plan

Business plans can be difficult documents to write. If you've never done it before, thinking clearly and logically about your business strategy may not be easy. Here are some tips to help you succeed:

1. Write the first draft

Don't worry about grammar, structure or neatness. Just get the thoughts out of your head and onto the paper or screen. Some people find this easier to do in an informal setting, such as a library or café.

2. Do your research

Understand the market you're going to be working in. Get to know all the details, as it'll help you write a more effective consulting business plan.

3. Identify your USP

That's your unique selling proposition. Why should companies hire you and not one of your competitors? Think carefully about what you're particularly good at, then use that as a basis for marketing yourself.

4. Get feedback

Talk to your peers, friends, previous business associates and potential customers. Show them your plan and listen to their feedback.

5. Keep it simple

Don't write dozens of pages. You'll bore the investors and your plan will end up on a pile where nobody will ever look at it again – including you. Stick to the important points.

Update your business plan regularly

A business plan isn't a static document. It should change and evolve over time as your business grows. You will learn a great deal in your first few months working as a consultant, and that knowledge should be applied to your business plan. It's a good idea to review your plan every month.

You may find that some of what you initially wrote turns out to have been misguided, inaccurate or just plain wrong. That's normal. Nobody can predict every step a business will take. The important thing is to learn as you go along – and make use of that knowledge to improve your plan.

Plan for consulting success

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.

So don't look at a business plan as just another box to be ticked. It's a fundamental process when starting any business, particularly a consulting business where you will need initiative and drive to succeed.

Take the time to write a proper business plan, and keep it regularly updated as your business grows. You can use our free business plan template . You'll find it an invaluable guide to becoming a successful consultant.

Xero does not provide accounting, tax, business or legal advice. This guide has been provided for information purposes only. You should consult your own professional advisors for advice directly relating to your business or before taking action in relation to any of the content provided.

Download the business plan template

Fill in the form to get a free business plan template as an editable PDF. We’ll send a one-pager and a multi-pager to choose from.

Privacy notice .

Start using Xero for free

Access Xero features for 30 days, then decide which plan best suits your business.

  • Included Safe and secure
  • Included Cancel any time
  • Included 24/7 online support

Or compare all plans

Don't bother with copy and paste.

Get this complete sample business plan as a free text document.

Business Consulting Business Plan

Start your own business consulting business plan

Growth Management and Strategies

Executive summary executive summary is a brief introduction to your business plan. it describes your business, the problem that it solves, your target market, and financial highlights.">.

Growth Management and Strategies (GMS) is an ambitious innovative new company that is attempting to turn the small business consulting business on its head. With an experienced consultant at the helm as President, GMS intends to grow at more than 50% per year through solid customer service, a great sales plan, proven competitive strategies, and a group of people that bring dynamic energy to the company and the sales process.

The goal for this plan is financial: GMS needs a Small Business Adminstration (SBA) loan, and this document is one step in the process. It is also a road map for the company. The document gives all present and future employees, as well as the owner a sense of purpose that may exist without the business plan, but becomes more relevant after the business plan is written, reviewed, shared, and edited by all. It is a living document that will last far beyond the SBA loan purpose, or if that doesn’t occur, to bring an investor on board.

GMS’s financials are realistic, and based on very conservative sales figures relative to the industry as a whole. That is because one of the goals of GMS is to build the business one client at a time, and to serve each client as if it were the last. This is how loyalty is generated, and cultivated. Customer service is what GMS will do best, and is a large part of the company’s overall mission.

Business consulting business plan, executive summary chart image

1.1 Objectives

The objectives for Growth Management and Strategies are:

  • Gain access to an SBA loan upon start up.
  • Grow the company from 2 employees in Year 1, to over 10 by Year 5.
  • Increase revenue to over $3 million by Year 3.
  • Increase client base by 450% in three years.
  • Maintain job costing that keeps margins above 70%.

1.2 Mission

The company mission is to serve small business clients that are in need of logistical, technical, and business strategy services. All projects will be chosen based on the availability of human resources, and each individual employee will be given the respect of a contract worker, and will share in profits for each job. Politics have no place at Growth Management and Strategies, and to limit the affects of favoritism, the company will implement and clearly communicate a performance review policy that applies to those at the bottom as well as the top of the leadership ladder. Credit will be given to the person who performed and/or innovatively modified a project, and compensation will be both financial and in the form of commendation.

Growth Management and Strategies is a company that respects the needs and expectations of its employees and clients. If either is compromised, adjustments will be made so that the company culture may remain intact.

1.3 Keys to Success

Our keys to success are:

  • To maintain client satisfaction of at least 90%.
  • To keep overhead low.
  • To ensure professional marketing and presentation of services.
  • To provide an active and functional website.

LivePlan Logo

See why 1.2 million entrepreneurs have written their business plans with LivePlan

Company summary company overview ) is an overview of the most important points about your company—your history, management team, location, mission statement and legal structure.">.

Growth Management and Strategies was established as a C corporation. The company’s headquarters are located in Boston, MA, near Copely Place. The company was established as a result of the efforts of its owner, Bill Dawson, and his experience in leading small businesses into prolonged periods of growth and innovation. Dawson worked for McKinsey before being hired away to Bain and Company. A Harvard graduate, Dawson spent hundreds of hours each week for nearly a year, slowly building the company to where it is now.

The company has had numerous successes this year, including one client that was purchased by a major multinational conglomerate, and another that experienced product sales growth of over 700% the first year.

2.1 Start-up Summary

This start-up summary table lists all the costs associated with establishing a lease, purchasing office equipment, and pulling together the other resources necessary to get the business off the ground. Furniture, LAN lines, and additional technology purchases are a must in order to properly communicate with clients, and to establish a website.

Other services included in the start-up summary are legal consulting fees, kept to a minimum thanks to resources provided by Nolo. Incorporation fees are included in the legal fees line item.

The free cash flow (cash balance) appearing in this start-up table is high relative to other small consulting businesses of its size. The owner is preoccupied with maintaining positive cash flow, and is risk averse enough to understand that during months in which contracts are not available, the corporation must sustain itself.  With this said, planned debt leverage is low, therefore risk to the lender is relatively low as well.

Business consulting business plan, company summary chart image

2.2 Company Ownership

Growth Management and Strategies is wholly owned by Bill Dawson, and is classified as an LLC.

Growth Management and Strategies offers a variety of services to the small business client. Many of the services are customized for each client, and a bidding process is observed. The company also offers a traditional fixed rate sheet for its services.

Market Analysis Summary how to do a market analysis for your business plan.">

The target customer owns a small business, and is generally dissatisfied with the revenue that the business is generating, or is dissatisfied with the daily management of their business. The customer is likely to operate a business worth between $200K and $10 million, with growth rates of between 1-10%, or even a negative growth rate.

Market growth, that is, the predicted growth in the small business sector within the Boston/Cambridge Metro area is expected to be around 3% per year. This may increase due to additional SBA lending programs designed to match the strengths of research and faculty grant work with the needs of the market and small businesses willing to take new products to market. Regardless of the market growth, the company’s customer base is far more dependant upon service needs, and a solid reputation. Mr. Dawson is well respected within the community, and has built a number of relationships with high profile individuals, and is a frequent contributor to the business section of the Boston Herald.

The corresponding market analysis table below breaks the potential market down into tactical sub-markets.

4.1 Market Segmentation

The market is divided up by revenue in the initial analysis, although other factors are very significant. It is important that the client business is operating at about the same level as the general economic growth rate, or is underperforming. The need for a turnaround within the client company is necessary for Growth Management and Strategies’ expertise to become useful. The following are other differentiators:

  • Debt of more than 30% yearly revenue.
  • Free cash flow frequently in the negative, requiring deep pocket borrowing or investment.
  • Long-term growth underperforming relative to competitors.
  • Management discord and performance issues.

These are not the only differentiators used to determine the market potential for a client, they are simply a starting point for the sales team as they reach out to this group of small businesses, owners and investors.

Business consulting business plan, market analysis summary chart image

4.2 Target Market Segment Strategy

The target market strategy involves isolating potential customers by revenue, then drilling down to very specific needs via the sales team’s needs analysis methodology.

The first tier customers, businesses with over $3 million in revenue, is more experienced in outsourcing and may find themselves more comfortable hiring Growth Management and Strategies on retainer. Strategically, a retainer helps maintain consistent cash flow, even if during some months these customers will require more services than what they have paid for that month. This issue will be addressed in the Personnel topic.

The second tier customers, those businesses operating at revenue levels of $501K – $3 million, typically are very excited to have moved out of the home office stage, and into a new level of stability. If they are self-funded, these businesses can be the most challenging to work with because they are often not willing to part with company shares, and don’t yet have a sense of what kind of marketing investment is necessary to grow a business at this stage. The company will serve these small businesses based on a bid cycle, and needs analysis.

The third tier customers are easier to identify, and more ubiquitous than the rest. These small businesses are operating on $200K – $500K in revenue, often are operating out of a home, and have a firm sense of their market and potential, yet have trouble executing their plans effectively, or following through on growth strategies that generate wealth. Again, the strategy is to provide these businesses with a short needs analysis, and focus on the quantity of such customers to maintain a solid revenue stream.

4.3 Service Business Analysis

This industry is split up between a variety of players, including small businesses advising small businesses, such as the case with Growth Management and Strategies, to large conglomerate multinational consulting firms that send in newbie MBAs and use their name recognition to convince their clients that every one of these MBAs will generate over $300K a year in value. Sometimes they do, but when they don’t, GMS plans to be there.  

At the other end of the spectrum, there are a wide variety of mom and pop consulting firms owned by very talented people who simply don’t have the marketing resources or expertise to reach a broader spectrum of customer.

GMS is somewhere in between. With years of guerrilla marketing experience, and a long-term plan for success, Mr. Dawson is determined to build the company each client at a time, and to focus on a sales team that outperforms all the competitors.

GMS is planning to grow exponentially within the first two years, to over $2 million in consulting revenue. At this point the service business analysis will be re-evaluated from the outside in.

4.3.1 Competition and Buying Patterns

Typically small business clients will learn about the consulting services market through word-of-mouth experience passed on through a friend or contemporary. Still, outbound sales teams dominate this category, and the stronger your sales team and name recognition, the greater your odds of finding clients willing to place your company on retainer or accept your company’s bid. The most competitive players in this market tend to have some of the best sales teams in the industry, that is, people who know not only how to communicate the technical needs analysis in a non-technical way, but in addition, are able to follow through and execute on promises and provide accurate, industry specific information that is useful to the client even before the deal is made.

Price is also important, and operates on a complex tiered system that is dependant upon the effectiveness of a particular salesperson, the word-of-mouth (WOM) advertising already in the mind of the potential client, and the ability of the client to reform the way they think about their own business. The demands of turning a business around, or pushing it to the limits of its potential are in direct proportion to the price of each bid. GMS must be careful not to be lured into out bidding a competitor, only to find that the customer has no plans to modify their business plan, and are seeking a “magic bullet” that may or may not exist. Competition in this industry leads to frustration and burnout for many people, and it takes a strong sense of purpose to push the business beyond the realm of the high-intensity, low-return client.

Strategy and Implementation Summary

GMS will pursue a strategy in line with the experience of the owner, and implementation will be performance based and follow a clear path. Milestones are important to the implementation of this plan, and so is the vision and the will of the company’s owner, Mr. Dawson. The overall company strategy is tied very closely with the sales strategy, that is, with the front lines of the business. One of the biggest threats to any strategy is that they can become too high-minded, and not literal enough to translate into action. This will not be the case with GMS, a solid company that hires top talent and achieves it’s goals on time and on budget.

5.1 Competitive Edge

GMS has a significant competitive edge in the following areas:

  • Customer service mobility – As a customer-centric firm, GMS offers no hold phone lines, same day email responses, and callbacks within one hour. In addition, the phone technology is set up in such a way as to provide salespeople with all databased information about the customer before they say “hello”. 
  • “Needs Analysis” service – Possibly the best competitive edge in an industry fraught with agressive outbound sales teams and your run of the mill ego-centric, customer alienating, consultants.
  • A considerable network of contacts – Mr. Dawson is well connected in the area of general consulting, and his Harvard degree opens doors via simple bragging rights, and an extensive alumni network.

5.2 Marketing Strategy

GMS’s marketing strategy revolves around a three-tiered focus. At the top of pyramid one, imagine a customer service ideal. This ideal is also included in the competitive comparison.

Pyramid two is focused on the execution level of all sales efforts. Not just as a goal, but execution as a strategy for building a stronger focus and building on what has already been accomplished. There are many tactics available in this pyramid, and those details are available in the marketing plan upon request.

Pyramid three has at the top a team-centric company culture. Tactics revolve around building this culture from the ground up so that it rewards innovation and determination, and management shows no personal bias or favoritism except when a salesperson or consultant is outperforming the mean. Although this strategy appears to be an internal management goal or company summary object, it is highly relevant to marketing’s performance because without integrity standards and a consistent company culture, GMS’s marketing will feel disconnected and unsupported, and will suffer as a result. A more detailed breakdown of tactics and programs related to this strategy is available in the full marketing plan. 

5.3 Sales Strategy

GMS plans to develop and train 5-6 new salespeople by year two. Upon start up, the primary sales contact will be Mr. Dawson, but this will change as the revenues increase, and the company is able to invest in human capital.

GMS has a sales strategy that focuses on an initial needs analysis. Once the results of the needs analysis has been forwarded or described over the phone to a potential client, the salesperson will ask for a personal interview, a chance to sit down and discuss specifics. At no time should this be perceived by the potential client as “pushy” or “agressive.” 

The goal of this sales process is to get behind the numbers, and the business successes, to identify where the client’s needs lie. Once this is mapped out, GMS will decide how these problems can be best addressed, and will offer both a bid and some action points. If the client wants to use the action points to move forward on their own, this is very acceptable. GMS’s research has in fact shown that the clients that choose this path, often come back to seek additional information, and more often than not, accept the bid.

This strategy differs from the course often taken by large consulting firms in that the customer is not condescended to, or treated as if the knowledge isn’t right there in their own heads. Often, consulting companies will send a large ego to clean up a client’s mess, and find that the strategy backfires when the client only chooses to give the consultant the chance to bid. GMS’s sales strategy revolves around customer service and empowerment, not condescension and sales “closers.”

5.3.1 Sales Forecast

Sales forecast is based on the assumption that most of the revenue will be the result of consulting bids. The growth in retainer revenue is about 30% lower than the expected yearly growth in consulting bids of 80%/year. This may seem like an agressive number at first glance, but this is not a large company being discussed in this business plan. The smaller the company, often the larger the opportunity for exponential sales growth, and especially if the firm uses sound sales and marketing strategies to take share from the larger, less nimble consultancies.

The Needs Analysis service is listed only to highlight the fact that some outside information gathering firms/consultants will be used to compile the necessary information. This poses some risk because there are no costs associated with the Needs Analysis efforts. Nevertheless, GMS is confident that this product will set the company apart from the competition, and generate sales far in excess of the costs incurred.

Business consulting business plan, strategy and implementation summary chart image

5.4 Milestones

The milestones table includes one listing each for the business plan and the marketing plan. Each of these are crucial to the long-term and short-term success of GMS. The other milestones are also important, but most are simply tasks necessary in starting up almost any business. Nevertheless, the most important milestone in this table is financial. The SBA loan will determine whether this company will have the working capital to operate for 5-12 months with little or no immediate revenue. If GMS cannot find the working capital to meet the minimum cash flow expectations set forth in this document, the company will dissolve and the owner will turn his talents elsewhere. Therefore, it is possible that the line item for “SBA Loan” may be changed to acquire family or friends as investors. Ideally it will not come to that and Mr. Dawson will be able to retain full control of the company, and direct it entirely based on his vision.

Business consulting business plan, strategy and implementation summary chart image

Management Summary management summary will include information about who's on your team and why they're the right people for the job, as well as your future hiring plans.">

The management team will initially consist of Bill Dawson. A Harvard MBA, and world-renowned consultant for major Fortune 500 companies, Mr. Dawson has built a reputation based his customer-centric approach to consulting, a relative anomaly in the world of high profile consulting. Many consultants are trained to believe they are right and the client was put on this earth to learn from the consultant. That is not the case for GMS, as the management team (Dawson) takes a different tact. The consultant acts as an interviewer, learning all that is possible to learn about the client in a one or two week period. As a management tool, this approach is very effective because it gives the sales team flexibility in dealing with potential customers, and relieves the uncomfortable pressure to close the sale.

Mr. Dawson’s approach to managing customers is also the approach he will take in dealing with his salespeople. GMS doesn’t need a hefty management structure, or administrative overhead. Many of those processes may be handled through outsourcing and Internet technology. On the contrary, the management structure at GMS is designed to reward the performer and educate the underperformer. Each salesperson is given a battery of psychological and rational tests, and most importantly, are screened based on how well they will fit into the Dawson management style. This leaves little to chance, and encourages a team atmosphere that remains light-hearted and fun.

6.1 Personnel Plan

This table demonstrates how GMS plans to start acquiring clients. One salesperson will be trained initially, and that person will later head a team of salespeople as the company expands. The promise of growth, and chance to work for a strategically positioned consulting business is enough to have three major players bidding for the job. Although each will see a major cut in salary from their current position, the chance to share in company profits (10%) and growth is enough to draw them to a low base, high commission position that offers no guarantees.

Financial Plan investor-ready personnel plan .">

The Financial Plan is based on a pending SBA loan, and a corresponding cash flow amount held in a highly liquid account.

7.1 Important Assumptions

The General Assumptions table explains various tax rates, personnel burden, and other financial inputs.

7.2 Break-even Analysis

The Break-even Analysis table is based on the assumption that each hour worked can be billed at approximately $70 per unit, and the employees will start at approximately $25/hour. This doesn’t include the cost of the payroll burden, however the assumptions are fairly accurate. Fixed costs are related to the lease and other monthly costs.

Business consulting business plan, financial plan chart image

7.3 Projected Cash Flow

The following table and chart show the Projected Cash Flow figures for Growth Management and Strategies.

Business consulting business plan, financial plan chart image

7.4 Projected Profit and Loss

The following table and charts are the Projected Profit and Loss and Gross Margin figures for Growth Management and Strategies.

Business consulting business plan, financial plan chart image

7.5 Projected Balance Sheet

The following table is the Projected Balance Sheet for Growth Management and Strategies.

7.6 Business Ratios

Business ratios for the years of this plan are shown below. Industry profile ratios based on the Standard Industrial Classification (SIC) code 8742, Business Management Consultants, are shown for comparison.

Start your own business plan

Your business plan can look as polished and professional as this sample plan. It's fast and easy, with LivePlan.

Garrett's Bike Shop

The quickest way to turn a business idea into a business plan

Fill-in-the-blanks and automatic financials make it easy.

No thanks, I prefer writing 40-page documents.

LivePlan pitch example

Discover the world’s #1 plan building software

management consultancy business plan

How to write a business plan for a management consulting firm?

management consulting firm business plan

Putting together a business plan for a management consulting firm can be daunting - especially if you're creating a business for the first time - but with this comprehensive guide, you'll have the necessary tools to do it confidently.

We will explore why writing one is so important in both starting up and growing an existing management consulting firm, as well as what should go into making an effective plan - from its structure to content - and what tools can be used to streamline the process and avoid errors.

Without further ado, let us begin!

In this guide:

Why write a business plan for a management consulting firm?

What information is needed to create a business plan for a management consulting firm.

  • How do I build a financial forecast for a management consulting firm?

The written part of a management consulting firm business plan

  • What tool should I use to write my management consulting firm business plan?

Being clear on the scope and goals of the document will make it easier to understand its structure and content. So before diving into the actual content of the plan, let's have a quick look at the main reasons why you would want to write a management consulting firm business plan in the first place.

To have a clear roadmap to grow the business

It's rarely business as usual for small businesses. The economy follows cycles where years of growth are followed by recessions, and the business environment is always changing with new technologies, new regulations, new competitors, and new consumer behaviours appearing all the time...

In this context, running a business without a clear roadmap is like driving blindfolded: it's dangerous at best. That's why writing a business plan for a management consulting firm is essential to create successful and sustainable businesses.

To write an effective business plan, you will need to take stock of where you are (if you are already in business) and where you want the business to go in the next three to five years.

Once you know where you want your management consulting firm to be, you'll have to identify:

  • what resources (human, equipment, and capital) are needed to get there,
  • at what pace the business needs to progress to get there in time,
  • and what risks you'll face along the way.

Going through this process regularly is beneficial, both for startups and existing companies, as it helps make informed decisions about how best to allocate resources to ensure the long-term success of the business.

To get visibility on future cash flows

If your small management consulting firm runs out of cash: it's game over. That's why we often say "cash is king", and it's crucial to have a clear view of your management consulting firm's future cash flows.

So, how can you achieve this? It's simple - you need to have an up-to-date financial forecast.

The good news is that your management consulting firm business plan already includes a financial forecast (which we'll discuss further in this guide). Your task is to ensure it stays current.

To accomplish this, it's essential to regularly compare your actual financial performance with what was planned in your financial forecast. Based on your business's current trajectory, you can make adjustments to the forecast.

By diligently monitoring your management consulting firm's financial health, you'll be able to spot potential financial issues, like unexpected cash shortfalls, early on and take corrective actions. Moreover, this practice will enable you to recognize and capitalize on growth opportunities, such as excess cash flow enabling you to expand to new locations.

To secure financing

Whether you are a startup or an existing business, writing a detailed management consulting firm business plan is essential when seeking financing from banks or investors.

This makes sense given what we've just seen: financiers want to ensure you have a clear roadmap and visibility on your future cash flows.

Banks will use the information included in the plan to assess your borrowing capacity (how much debt your business can support) and your ability to repay the loan before deciding whether they will extend credit to your business and on what terms.

Similarly, investors will review your plan carefully to assess if their investment can generate an attractive return on investment.

To do so, they will be looking for evidence that your management consulting firm has the potential for healthy growth, profitability, and cash flow generation over time.

Now that you understand why it is important to create a business plan for a management consulting firm, let's take a look at what information is needed to create one.

Need a convincing business plan?

The Business Plan Shop makes it easy to create a financial forecast to assess the potential profitability of your projects, and write a business plan that’ll wow investors.

The Business Plan Shop's Business Plan Software

Writing a management consulting firm business plan requires research so that you can project sales, investments and cost accurately in your financial forecast.

In this section, we cover three key pieces of information you should gather before drafting your business plan!

Carrying out market research for a management consulting firm

As you consider writing your business plan for a management consulting firm, conducting market research becomes a vital step to ensure accurate and realistic financial projections.

Market research provides valuable insights into your target customer base, competitors, pricing strategies, and other key factors that can significantly impact the commercial success of your business.

Through this research, you may uncover trends that could influence your management consulting firm.

Your market research might reveal that your management consulting firm could see an increase in demand for data-driven solutions and services, as businesses become increasingly focused on analytics and strategy. Additionally, your market research might indicate that your management consulting firm may experience an uptick in demand for technology-based solutions, as businesses look to become more efficient and cost-effective.

Such market trends play a significant role in forecasting revenue, as they offer valuable data about potential customers' spending habits and preferences.

By incorporating these findings into your financial projections, you can present investors with more accurate information, helping them make informed decisions about investing in your management consulting firm.

Developing the sales and marketing plan for a management consulting firm

As you embark on creating your management consulting firm business plan, it is crucial to budget sales and marketing expenses beforehand.

A well-defined sales and marketing plan should include precise projections of the actions required to acquire and retain customers. It will also outline the necessary workforce to execute these initiatives and the budget required for promotions, advertising, and other marketing efforts.

This approach ensures that the appropriate amount of resources is allocated to these activities, aligning with the sales and growth objectives outlined in your business plan.

The staffing and equipment needs of a management consulting firm

As you embark on starting or expanding your management consulting firm, having a clear plan for recruitment and capital expenditures (investment in equipment and real estate) is essential for ensuring your business's success.

Both the recruitment and investment plans must align with the timing and level of growth projected in your forecast, and they require appropriate funding.

A management consulting firm may incur staffing costs such as salaries for employees, benefits for employees, and recruiting fees. They may also incur equipment costs such as office computers and software licenses, office furniture, and other necessary equipment.

To create a realistic financial forecast, you also need to consider other operating expenses associated with the day-to-day running of your business, such as insurance and bookkeeping.

With all the necessary information at hand, you are ready to begin crafting your business plan and developing your financial forecast.

What goes into your management consulting firm's financial forecast?

The financial forecast of your management consulting firm's business plan will enable you to assess the growth, profitability, funding requirements, and cash generation potential of your business in the coming years.

The four key outputs of a financial forecast for a management consulting firm are:

  • The profit and loss (P&L) statement ,
  • The projected balance sheet ,
  • The cash flow forecast ,
  • And the sources and uses table .

Let's look at each of these in a bit more detail.

The projected P&L statement

Your management consulting firm forecasted P&L statement enables the reader of your business plan to get an idea of how much revenue and profits your business is expected to make in the near future.

forecasted profit and loss statement in a management consulting firm business plan

Ideally, your reader will want to see:

  • Growth above the inflation level
  • Expanding profit margins
  • Positive net profit throughout the plan

Expectations for an established management consulting firm will of course be different than for a startup. Existing businesses which have reached their cruising altitude might have slower growth and higher margins than ventures just being started.

The projected balance sheet of your management consulting firm

The balance sheet for a management consulting firm is a financial document that provides a snapshot of your business’s financial health at a given point in time.

It shows three main components: assets, liabilities and equity:

  • Assets: are resources owned by the business, such as cash, equipment, and accounts receivable (money owed by clients).
  • Liabilities: are debts owed to creditors and other entities, such as accounts payable (money owed to suppliers) and loans.
  • Equity: includes the sums invested by the shareholders or business owners and the cumulative profits and losses of the business to date (called retained earnings). It is a proxy for the value of the owner's stake in the business.

example of projected balance sheet in a management consulting firm business plan

Examining the balance sheet is important for lenders, investors, or other stakeholders who are interested in assessing your management consulting firm's liquidity and solvency:

  • Liquidity: assesses whether or not your business has sufficient cash and short-term assets to honour its liabilities due over the next 12 months. It is a short-term focus.
  • Solvency: assesses whether or not your business has the capacity to repay its debt over the medium-term.

Looking at the balance sheet can also provide insights into your management consulting firm's investment and financing policies.

In particular, stakeholders can compare the value of equity to the value of the outstanding financial debt to assess how the business is funded and what level of financial risk has been taken by the owners (financial debt is riskier because it has to be repaid, while equity doesn't need to be repaid).

The cash flow forecast

A projected cash flow statement for a management consulting firm is used to show how much cash the business is generating or consuming.

cash flow forecast in a management consulting firm business plan example

The cash flow forecast is usually organized by nature to show three key metrics:

  • The operating cash flow: do the core business activities generate or consume cash?
  • The investing cash flow: how much is the business investing in long-term assets (this is usually compared to the level of fixed assets on the balance sheet to assess whether the business is regularly maintaining and renewing its equipment)?
  • The financing cash flow: is the business raising new financing or repaying financiers (debt repayment, dividends)?

As we discussed earlier, cash is king and keeping an eye on future cash flows an imperative for running a successful business. Therefore, you can expect the reader of your management consulting firm business plan to pay close attention to your cash flow forecast.

Also, note that it is customary to provide both yearly and monthly cash flow forecasts in a business plan - so that the reader can analyze seasonal variation and ensure the management consulting firm is appropriately funded.

The initial financing plan

The sources and uses table or initial financing plan is a key component of your business plan when starting a management consulting firm.

It shows where the capital needed to set up the business will come from (sources) and how it will be spent (uses).

sources and uses table in a management consulting firm business plan

This table helps size the investment required to set up the management consulting firm, and understand how risks will be distributed between the business owners, and the financiers.

The sources and uses table also highlights what the starting cash position will be. This is key for startups as the business needs to have sufficient funding to sustain operations until the break-even point is reached.

Now that you have a clear understanding of what will go into the financial forecast of your management consulting firm business plan, let's have a look at the written part of the plan.

Need inspiration for your business plan?

The Business Plan Shop has dozens of business plan templates that you can use to get a clear idea of what a complete business plan looks like.

The Business Plan Shop's Business Plan Templates

The written part of a management consulting firm business plan is composed of 7 main sections:

  • The executive summary
  • The presentation of the company
  • The products and services
  • The market analysis
  • The strategy
  • The operations
  • The financial plan

Throughout these sections, you will seek to provide the reader with the details and context needed for them to form a view on whether or not your business plan is achievable and your forecast a realistic possibility.

Let's go through the content of each section in more detail!

1. The executive summary

The executive summary, the first section of your management consulting firm's business plan, serves as an inviting snapshot of your entire plan, leaving readers eager to know more about your business.

To compose an effective executive summary, start with a concise introduction of your business, covering its name, concept, location, history, and unique aspects. Share insights about the services or products you intend to offer and your target customer base.

Subsequently, provide an overview of your management consulting firm's addressable market, highlighting current trends and potential growth opportunities.

Then, present a summary of critical financial figures, such as projected revenues, profits, and cash flows.

You should then include a summary of your key financial figures such as projected revenues, profits, and cash flows.

Lastly, address any funding needs in the "ask" section of your executive summary.

2. The presentation of the company

The second section in your management consulting firm's business plan should focus on the structure and ownership, location, and management team of the company.

The structure and ownership part provides an overview of the legal structure of the business, who the owners are and how much each has invested and owns. If you are seeking financing it is important that the reader gets a clear picture of which legal entity is receiving the funds, and who controls the business.

The location part should give an overview of the premises from which the company is operating, and why that location is of particular interest (catchment area, accessibility, amenities nearby, etc.).

When describing the location of your management consulting firm, you could emphasize the potential access to a large, diverse population of professionals. You may be able to highlight the potential for a variety of nearby transportation options, as well as potential access to a wide array of amenities. You might also point out the potential for a low cost of living, which could make it attractive for potential employees. Additionally, you could note the potential for potential clients and partners to easily access the area. Finally, you may be able to emphasize the potential to draw on a wide range of talent from a variety of nearby educational institutions.

Finally, you should introduce the management team. Explain each member's role, background, and experience.

It is also important to emphasize any past successes that the members of the management team have achieved, and how long they've been working together, as this will help potential lenders or investors understand why they should trust in their leadership.

3. The products and services section

The products and services section of your management consulting firm business plan should include a detailed description of what your company sells to its customers. 

For example, your management consulting firm could offer services such as strategic planning, risk mitigation and process optimization to its customers. Strategic planning would help customers develop long-term plans for their businesses, while risk mitigation could help identify and assess potential risks and recommend ways to minimize them. Process optimization, on the other hand, could help customers streamline their operations and reduce costs while increasing efficiency. Ultimately, all these services would help customers achieve their goals and objectives more effectively.

The reader will want to understand what makes your management consulting firm unique from other businesses in this competitive market.

When drafting this section, you should be precise about the categories of products or services you sell, the clients you are targeting and the channels that you are targeting them through. 

4. The market analysis

When presenting your market analysis in your management consulting firm business plan, you should detail the customers' demographics and segmentation, target market, competition, barriers to entry, and any regulations that may apply.

The goal of this section is to help the reader understand how big and attractive your market is, and demonstrate that you have a solid understanding of the industry.

You should start with the demographics and segmentation subsection, which gives an overview of the addressable market for your management consulting firm, the main trends in the marketplace, and introduces the different customer segments and their preferences in terms of purchasing habits and budgets.

The target market section should follow and zoom on the customer segments your management consulting firm is targeting, and explain how your products and services meet the specific needs of these customers.

For example, your target market might include large companies with complex business models. These companies need help in streamlining their operations and adapting to changing conditions. They may need help in areas like strategy, operations, technology, or finance.

Then comes the competition subsection, where you should introduce your main competitors and explain what differentiates you from them.

Finally, you should finish your market analysis by giving an overview of the main regulations applicable to your management consulting firm.

5. The strategy section

When you write the strategy section of your management consulting firm business plan, remember to cover key elements such as your competitive edge, pricing strategy, sales & marketing plan, milestones, and risks and mitigants.

In the competitive edge subsection, elaborate on what makes your company stand out from competitors. This becomes especially important if you're a startup, aiming to carve a place for yourself amidst established players in the marketplace.

The pricing strategy subsection should demonstrate how you plan to maintain profitability while offering competitive prices to attract customers.

Outline your sales & marketing plan, detailing how you'll reach out to new customers and retain existing ones through loyalty programs or special offers.

For the milestones subsection, outline your company's achievements to date and your main objectives for the future, complete with specific dates to set clear expectations for progress.

Lastly, the risks and mitigants subsection should address the main risks that could affect your plan's execution. Explain the measures you've put in place to minimize these risks, assuring potential investors or lenders.

Your management consulting firm could face the risk of losing high-value clients who may be unsatisfied with the services provided. The firm could also face the risk of facing a lawsuit due to negligence or mistakes from the consultants; this could lead to financial losses and a tarnished reputation.

6. The operations section

In your business plan, it's also essential to provide a detailed overview of the operations of your management consulting firm.

Start by covering your team, highlighting key roles and your recruitment plan to support the expected growth. Outline the qualifications and experience required for each role and your intended recruitment methods, whether through job boards, referrals, or headhunters.

Next, clearly state your management consulting firm's operating hours, allowing the reader to assess staffing levels adequately. Additionally, mention any plans for varying opening times during peak seasons and how you'll handle customer queries outside normal operating hours.

Then, shift your focus to the key assets and intellectual property (IP) necessary for your business. If you rely on licenses, trademarks, physical structures like equipment or property, or lease agreements, make sure to include them in this section.

You may have key assets such as proprietary methodologies or data sets that could help you provide unique insights to your clients. Additionally, your firm could have intellectual property such as copyrighted materials or trade secrets that might be used to give your firm a competitive advantage.

Lastly, include a list of suppliers you plan to work with, detailing their services and main commercial terms, such as price, payment terms, and contract duration. Investors are interested in understanding why you've chosen specific suppliers, which may be due to higher-quality products or established relationships from previous ventures.

7. The presentation of the financial plan

The financial plan section is where we will present the financial forecast we talked about earlier in this guide.

Now that you have a clear idea of what goes in your management consulting firm business plan, let's look at the solutions you can use to draft yours.

What tool should I use to write my management consulting firm's business plan?

In this section, we will be reviewing the two main solutions for creating a management consulting firm business plan:

  • Using specialized online business plan software,
  • Outsourcing the plan to the business plan writer.

Using an online business plan software for your management consulting firm's business plan

The modern and most efficient way to write a management consulting firm business plan is to use business plan software .

There are several advantages to using specialized software:

  • You can easily create your financial forecast by letting the software take care of the financial calculations for you without errors
  • You are guided through the writing process by detailed instructions and examples for each part of the plan
  • You can access a library of dozens of complete business plan samples and templates for inspiration
  • You get a professional business plan, formatted and ready to be sent to your bank or investors
  • You can easily track your actual financial performance against your financial forecast
  • You can create scenarios to stress test your forecast's main assumptions
  • You can easily update your forecast as time goes by to maintain visibility on future cash flows
  • You have a friendly support team on standby to assist you when you are stuck

If you're interested in using this type of solution, you can try The Business Plan Shop for free by signing up here .

Need a solid financial forecast?

The Business Plan Shop does the maths for you. Simply enter your revenues, costs and investments. Click save and our online tool builds a three-way forecast for you instantly.

Screenshot from The Business Plan Shop's Financial Forecasting Software

Hiring a business plan writer to write your management consulting firm's business plan

Outsourcing your management consulting firm business plan to a business plan writer can also be a viable option.

Business plan writers are experienced in writing business plans and adept at creating financial forecasts without errors. Furthermore, hiring a consultant can save you time and allow you to focus on the day-to-day operations of your business.

However, hiring business plan writers is expensive as you are paying for the software used by the consultant, plus their time, and their profit margin of course.

From experience, you need to budget at least £1.5k ($2.0k) excluding tax for a complete business plan, more if you need to make changes after the initial version (which happens frequently after the initial meetings with lenders or investors).

You also need to be careful when seeking investment. Investors want their money to be used to grow the business, not spent on consulting fees. Therefore, the amount you spend on business plan writing services (and other consulting services such as legal services) needs to be negligible relative to the amount raised.

The other drawback is that you usually don't own the business plan itself: you just get the output, while the actual document is saved in the consultant's business plan software - which makes it difficult to maintain the document up to date without hiring the consultant on a retainer.

For these reasons, outsourcing the management consulting firm business plan to a business plan writer should be considered carefully, weighing both the advantages and disadvantages of hiring outside help.

Ultimately, it may be the right decision for some businesses, while others may find it beneficial to write their business plan using online software.

Why not create your management consulting firm's business plan using Word or Excel?

I must advise against using Microsoft Excel and Word (or their Google, Apple, or open-source equivalents) to write your management consulting firm business plan. Let me explain why.

Firstly, creating an accurate and error-free financial forecast on Excel (or any spreadsheet) is highly technical and requires a strong grasp of accounting principles and financial modelling skills. It is, therefore, unlikely that anyone will fully trust your numbers unless you have both a degree in finance and accounting and significant financial modelling experience, like us at The Business Plan Shop.

Secondly, relying on spreadsheets is inefficient. While it may have been the only option in the past, technology has advanced significantly, and software can now perform these tasks much faster and with greater accuracy. With the rise of AI, software can even help us detect mistakes in forecasts and analyze the numbers for better decision-making.

And with the rise of AI, software is also becoming smarter at helping us detect mistakes in our forecasts and helping us analyse the numbers to make better decisions.

Moreover, software makes it easier to compare actuals versus forecasts and maintain up-to-date forecasts to keep visibility on future cash flows, as we discussed earlier in this guide. This task is cumbersome when using spreadsheets.

Now, let's talk about the written part of your management consulting firm business plan. While it may be less error-prone, using software can bring tremendous gains in productivity. Word processors, for example, lack instructions and examples for each part of your business plan. They also won't automatically update your numbers when changes occur in your forecast, and they don't handle formatting for you.

Overall, while Word or Excel may seem viable for some entrepreneurs to create a business plan, it's by far becoming an antiquated way of doing things.

  • A business plan has 2 complementary parts: a financial forecast showcasing the expected growth, profits and cash flows of the business; and a written part which provides the context needed to judge if the forecast is realistic and relevant.
  • Having an up-to-date business plan is the only way to keep visibility on your management consulting firm's future cash flows.
  • Using business plan software is the modern way of writing and maintaining business plans.

We hope that this practical guide gave you insights on how to write the business plan for your management consulting firm. Do not hesitate to get in touch with our team if you still have questions.

Also on The Business Plan Shop

  • In-depth business plan structure
  • Key steps to write a business plan?
  • Free business plan template

Know someone who owns or wants to start a management consulting firm? Share this article with them!

Guillaume Le Brouster

Founder & CEO at The Business Plan Shop Ltd

Guillaume Le Brouster is a seasoned entrepreneur and financier.

Guillaume has been an entrepreneur for more than a decade and has first-hand experience of starting, running, and growing a successful business.

Prior to being a business owner, Guillaume worked in investment banking and private equity, where he spent most of his time creating complex financial forecasts, writing business plans, and analysing financial statements to make financing and investment decisions.

Guillaume holds a Master's Degree in Finance from ESCP Business School and a Bachelor of Science in Business & Management from Paris Dauphine University.

Create a convincing business plan

Assess the profitability of your business idea and create a persuasive business plan to pitch to investors

The Business Plan Shop | Business Plan Software

500,000+ entrepreneurs have already tried our solution - why not join them?

Not ready to try our on-line tool ? Learn more about our solution here

Need some inspiration for your business plan?

Subscribe to The Business Plan Shop and gain access to our business plan template library.

business plan template library

Need a professional business plan? Discover our solution

Write your business plan with ease!

Business Plan Software

It's easy to create a professional business plan with The Business Plan Shop

Want to find out more before you try? Learn more about our solution here

Business Plan Template for Management Consultants

Business Plan Template for Management Consultants

As a management consultant, you know that a well-crafted business plan is the cornerstone of success. It's your roadmap to achieving your goals, attracting clients, and securing funding. But creating a business plan from scratch can be time-consuming and overwhelming.

That's why ClickUp's Business Plan Template for Management Consultants is a game-changer. With this template, you can:

  • Outline your strategies, goals, and financial projections with ease
  • Streamline your decision-making process and stay focused on what matters most
  • Impress clients and investors with a professional and comprehensive business plan

Whether you're starting your consulting firm or looking to level up your existing business, ClickUp's Business Plan Template has got you covered. Take the first step towards your business success today!

Business Plan Template for Management Consultants Benefits

A Business Plan Template for Management Consultants can provide numerous benefits to help you succeed in the competitive world of consulting. Here are just a few:

  • Streamline your strategic planning process and clearly define your business objectives and goals
  • Create a comprehensive roadmap for your consulting practice, outlining your target market, services, and competitive advantage
  • Develop a solid financial plan, including revenue projections, cost estimates, and profit margins, to attract investors and secure funding
  • Establish a strong foundation for client acquisition and retention, showcasing your expertise, experience, and unique value proposition
  • Monitor your progress, track key performance indicators, and make data-driven decisions to ensure long-term success in the consulting industry.

Main Elements of Management Consultants Business Plan Template

ClickUp’s Business Plan Template for Management Consultants is the perfect tool to help you create a comprehensive and effective business plan. Here are the main elements of this template:

  • Custom Statuses: Easily track the progress of each section of your business plan with statuses like Complete, In Progress, Needs Revision, and To Do.
  • Custom Fields: Utilize custom fields like Reference, Approved, and Section to add important information and keep your business plan organized and easily accessible.
  • Custom Views: Take advantage of the five different views available, such as Topics, Status, Timeline, Business Plan, and Getting Started Guide, to gain different perspectives and effectively manage your business plan.
  • Collaboration and Communication: Collaborate with your team members, assign tasks, set due dates, and communicate seamlessly within ClickUp. You can also integrate with other tools, like Docs and Email, to streamline your workflow and enhance productivity.
  • ClickApps: Enhance your business planning process with various ClickApps, including Goals, Dashboards, Automations, and more, to set objectives, track progress, automate repetitive tasks, and visualize data.

How To Use Business Plan Template for Management Consultants

If you're a management consultant looking to create a solid business plan, follow these six steps using the Business Plan Template in ClickUp:

1. Define your business

Start by clearly defining your business and its purpose. What services do you offer? Who is your target audience? What makes your services unique? Answering these questions will help you lay a strong foundation for your business plan.

Use the Docs feature in ClickUp to outline your business's mission, vision, and unique value proposition.

2. Conduct market research

Next, conduct thorough market research to gain insights into the industry and understand your target audience. Analyze competitors, identify market trends, and determine potential opportunities and threats. This information will help you make informed decisions and develop effective strategies.

Utilize the Table view in ClickUp to organize and analyze your market research data.

3. Set your goals and objectives

Clearly define your business goals and objectives based on your market research findings. Are you looking to increase revenue, expand your client base, or launch new services? Set specific, measurable, attainable, relevant, and time-bound (SMART) goals to guide your business plan.

Create Goals in ClickUp to track and monitor your progress towards achieving your business objectives.

4. Develop your strategies and tactics

Once you have your goals set, develop strategies and tactics to achieve them. Determine how you will position your business in the market, attract clients, and deliver exceptional services. Identify the key actions you need to take and the resources required to execute your strategies effectively.

Use the Board view in ClickUp to visually organize and plan your strategies and tactics.

5. Create a financial plan

Develop a comprehensive financial plan that includes revenue projections, expenses, and cash flow analysis. Determine your pricing structure, budget for marketing and operational expenses, and project your financial performance over a specific period. This will help you understand the financial viability of your business.

Utilize custom fields in ClickUp to track and analyze your financial data.

6. Review and refine

Lastly, review your business plan and refine it based on feedback and insights. Collaborate with stakeholders, such as team members and mentors, to gather different perspectives and identify areas for improvement. Continuously update and revise your plan as your business evolves.

Set recurring tasks in ClickUp to regularly review and refine your business plan.

By following these steps and using the Business Plan Template in ClickUp, you'll be well-equipped to create a comprehensive and effective business plan for your management consulting business.

Get Started with ClickUp’s Business Plan Template for Management Consultants

Management consultants can use the ClickUp Business Plan Template to effectively outline their strategies, goals, and financial projections, ensuring they make informed decisions and achieve business success.

To get started, hit “Add Template” to sign up for ClickUp and add the template to your Workspace. Be sure to designate the Space or location in your Workspace where you want this template applied.

Next, invite relevant team members or guests to your Workspace to start collaborating.

Here's how you can make the most of this template to create a comprehensive business plan:

  • Use the Topics View to organize your plan into different sections, such as Executive Summary, Market Analysis, Financial Projections, etc.
  • The Status View allows you to track the progress of each section, categorizing them as Complete, In Progress, Needs Revision, or To Do.
  • Utilize the Timeline View to set deadlines and visualize the overall timeline of your plan.
  • The Business Plan View provides a comprehensive overview of your entire plan, allowing you to easily navigate and review each section.
  • Create a Getting Started Guide View to provide a step-by-step roadmap for implementing your plan.

Additionally, take advantage of the custom fields to add more context and organization to your plan:

  • Use the Reference field to link relevant documents, research, or external resources to each section.
  • The Approved field can be used to indicate which sections have been reviewed and approved by stakeholders.
  • The Section field allows you to categorize each section based on its importance or priority.

By following these steps and utilizing the different views and custom fields, management consultants can create a well-structured and comprehensive business plan that will guide their decision-making process and help them achieve their business goals.

  • Business Plan Template for Electrical Inspectors
  • Business Plan Template for Soldiers
  • Business Plan Template for Seamstresses
  • Business Plan Template for Quality Department
  • Business Plan Template for Project Managers

Template details

Free forever with 100mb storage.

Free training & 24-hours support

Serious about security & privacy

Highest levels of uptime the last 12 months

  • Product Roadmap
  • Affiliate & Referrals
  • On-Demand Demo
  • Integrations
  • Consultants
  • Gantt Chart
  • Native Time Tracking
  • Automations
  • Kanban Board
  • vs Airtable
  • vs Basecamp
  • vs MS Project
  • vs Smartsheet
  • Software Team Hub
  • PM Software Guide

Google Play Store

8 Free Consulting Templates

Download Now

consulting-templates

Access 8 templates for consultants in The Complete Consultant's Success Kit.

In this Consulting Kit, you'll get these 8 templates:

  • Management Consulting Plan Template
  • Business Plan Template
  • Marketing Plan Template
  • Sales Plan Template
  • New Client Onboarding Checklist
  • Consulting Plan Presentation Template (PPT)
  • SWOT Analysis Template
  • Porter's Five Forces Analysis Template

consulting template

Templates to Delight Your Consulting Clients

As your consulting business goes, the need to become more organized and process-focus grows. 

In this kit, we've compiled eight templates you can use to delight your clients.

For your planning and onboarding, we've included a consulting planning template, a presentation template, and an onboarding checklist. 

For researching, we've included a SWOT analysis template and a Porter's Five Forces template. 

For your clients, we've included a sales, marketing, and business plan template. 

Download now to get started!

Frequently Asked Questions (FAQs)

What is a consulting business plan.

A consulting business plan is a tool that helps consultants develop their business. HubSpot's Consulting Business Plan Template provides tips that make it easy to learn how to write a consulting business plan with an effective structure:

  • Executive summary
  • Company description
  • Product and service line
  • Market analysis
  • Marketing plan
  • Financial considerations
  • Download HubSpot's Free Consulting Business Plan Template for more items...

What is a consultancy plan?

A consulting proposal is designed to demonstrate your knowledge and expertise in a particular field. It provides an outline of the specific services you provide, as well as some estimates on how long it might take to complete those tasks.

Why do I need to fill out the information requested?

We will always keep your personal information safe..

We ask for your information in exchange for a valuable resource in order to (a) improve your browsing experience by personalizing the HubSpot site to your needs; (b) send information to you that we think may be of interest to you by email or other means; (c) send you marketing communications that we think may be of value to you. You can read more about our privacy policy here .

How do I write a consulting offer?

When you're trying to find consulting, it's important to know how to write a proposal. You should start with a cover page that lists your name, the prospective client's name and the date of submission. Then, you'll want an executive summary that covers the client's challenges, how you plan to solve them and what metrics or benchmarks you'll use for success.

Is this really free?

Absolutely.

Just sharing some free knowledge that we hope you’ll find useful. Keep us in mind next time you have marketing questions!

How do you structure a consulting project?

HubSpot's consulting templates were made for consulting businesses that want to be more organized and process-focused. For planning, we have a template for consulting planning, presentation, and onboarding checklist. For research, we have SWOT analysis and Porter's Five Forces templates. And finally for clients, there is a sales marketing template.

How do I write a business plan for a consulting business?

Using a business plan template tailored for consulting businesses:

  • Write the first draft. Don't worry about grammar, structure or word choice.
  • Identify your unique selling proposition to help sell yourself as an expert in that field of work
  • Get feedback on your business plan

Get the consulting templates.

Easily create great, effective landing pages for free

Examples logo

8+ Management Consulting Business Plan Examples – PDF

consultation pict

Being a manager is not everyone’s skill. Some are good at only following orders and are afraid to handle leadership tasks. Probably because of one’s background in the family, being the youngest or for what ever reason, but there are occasions when you get the job as a leader, as a manager, as a supervisor, or any job that has something to do with managing other peers. And it may sound shocking to you. And no matter how hard you research on management skills improvement, the job is just too unforgiving for you. Do not panic yet. There is job called management consultation. And you could be the right person that will rightly benefit such job. So what does a management consultant do?

  • 9+ Project Management Plan Template Examples
  • 6+ Financial Consulting Business Plan Examples

To understand more, let us dissect each of the major words accordingly: management, consultation, business plan.Management is the process of dealing, handling, and or controlling things or people. So for example, you have a team of 5 persons in your company. And you as the manager will make sure that everything is handled properly, that all things are well taken care of, and tasks are properly distributed.You may also see management consulting business plan examples .

Management Consulting Example

management consulting

Size: 232 KB

Consultation and Management Plan Example

samp consultation plan

Size: 219 KB

Management Consulting Milan Example

consultation manage

Consultation is the act in which someone goes to another person to seek advice. For example, a child goes to his father to seek advice whether he should go to school or not because he is sick. The father may give him options. Show him the disadvantages and disadvantages of either going to school and not going to school. But he will not decide for the child.You may also see business consulting business plan examples .

Business plan is the method in which one manages his techniques, strategies to execute his business in a documentation. It is a way of organizing strategies to achieve sales. For example, when selling beverages, your main task, regardless whether you have a business plan or not, is to sell beverages. If you have a business plan, you will write down what you will do to make some sales, and how sales are made, how you reach to your customers, and everything.You may also see engineering consulting business plan examples .

Management and Theories

To understand what a good management is, let us review some literature and theories regarding management.

The earliest proponent of management was Frederick Winslow. Frederick was not a manager; in fact, he was an engineer, a mechanical engineer. His book, The Principles of Scientific Management, was published in 1909. In his book, he proposes the simplification of job which, he believes, will improve productivity. In the early 20th century, the practice in the industry in many companies was that of dictatorship. The managers gives the employees the job to do, and that was it. There was no need for the managers to be in contact with the employees. This led to unproductive workers.You may also see  financial consulting business plan examples

The following principles proposed by Frederick Winslow are as follows:

1. The use of scientific methods. This means looking for the most possible efficient way to perform and complete a task.

2. Monitoring of employees. By monitoring the employees, the manager is able to determine which one is doing well and which one is not. And when a particular employee is not doing well, he will be offered guidance as long as it is needed.You may also see  restaurant consulting business plan examples

3. Correct assignment of a task. This means an employee should not be given a task that is not fitting for him. For example, a gardener should not be given the task to build a building. This also requires coaching them.

4. Focus on planning and professional improvement on the side of the management. The employees, on the other hand, must focus on the task assigned to them.You may also see business plan examples .

And those are the core of Frederick Winslow’s management. Another one is from Max Weber. Weber’s notion of management follows the same as Winslow’s except for some; he added an emphasis on emotion. His theories are as follows:

  • Profile documentation at all levels of an organization.
  • So that employees can focus, they need to know and have mastery of their roles.
  • Clearer hierarchies for every organization.
  • Standardization of procedures.
  • The hiring of employees that are fit for the job.

The other proponent is Elton Mayo. Elton added, relationship and teamwork is very essential and effective in every workplace. It is good that an industry will have the correct people doing jobs fitting for them, but it is important that they should work as a team.You may also see  security consulting business plan examples

Ludwig von Bertelanffy made emphasis on the holistic process of management. He patterns his concepts and theory from a biological standpoint of view. A body functions well because each part functions well. Each part of the body will be the sum of all the work. If one part is not functioning well, the whole body will not be efficient.You may also see strategic plan examples .

Douglas McGregor presents two types of management: the X and Y management theory.

1. Theory X puts emphasis on authoritarianism. This is the negative approach to management. Such kind of management assumes that employees are not motivated to work, unless when pushed. And there is too much power involved in the manager in the control of the work. This includes the incentives in which employees must work hard to get a quota.You may also see management plan examples .

2. Theory Y puts emphasis on teamwork. It follows Elton Mayo’s studies. This is management seen in a positive approach.

Douglas purports that Theory Y is the better choice of the two. Although, authoritarianism still exists today.You may also see business proposal examples .

Management Consulting Services Business Plan Example

census gov

Size: 51 KB

Starting and Running a Consulting Business Example

guide consulting business

Size: 130 KB

There are still many concepts and theories out there. To sum it up, we can put management in as follows:

1. To always look for the most efficient ways of performing a task. There is no perfect way of doing a job. But there are always ways to make everything efficient in completing a task.You may also see lawn care business plan examples .

2. Emphasis on teamwork. All members cooperate the way human parts in the body would.

3. Specialized skills. Any specific task should be given to an employee fitting to execute the said task.

We have covered and investigated thoroughly the dynamics of a good management. Let us look deeper into the core of consultation. We have made mention that consultation is the process in which one person comes to another to seek advice. Applying all those approaches mentioned above, one can guarantee an efficient and effective business plan.You may also see  tutoring business plan examples

Consulting Business Plan Example

katahdin business plan

Size: 634 B

Management Consultancy Business Guide 2016–2017 Example

man con interactive 201617l

Identifying issues and problems at hand.

But every individual, every company has its own characteristics and hence requires a different approach. This is solved by asking, what are the problems that the individual or the company is facing? When you go to a consultant, you should at least have some ideas on the issue you want to resolve.You may also see hotel operational business plan examples .

Here are some steps in identifying problems:

1. Identify the issues. Issues could be your relationship with your peers. It could be a seniority issue. It could be a gender issue. It could be the tasking. It could be anything work related.You may also see  restaurant project plan examples

2. Understand everyone’s interests. Is there something in your workplace that only favors one and not the others?

3. List the possible solutions (options). You have sensed the problems. You must have some initial ideas as to how it could be solved. But always remember, there are still others in your team who could give another opinion, answer, or solution. You may also see  accounting firm marketing plan examples

4. Evaluate the options. From the many solutions being offered, from the manager, from the employees, from anyone, make sure to weigh each of them. Which one is efficient? Which one is practical? Which one favors the many? And which one is ethical?

5. Select an option or options. Among the many options, choose one that you think is right, perfect, proper. Something that favors the many, i. e., for the good of the company and for each of the members.You may also see  food catering business plan examples

6. Document the agreement(s). The documentation should have happened right from the start and not just in the agreement. The drafting of the problems should have been documented in the first place.

7. Agree on contingencies, monitoring, and evaluation. So now you have made half of the solution by drafting, laying down what to do in a document. Documentation is important not only for recording purposes but also for using as reference upon which you and your team will base their evaluation.You may also see  restaurant operational plan examples

Basically, that is all you need to make a good business plan on management. Always making sure it has observed the concepts of a good management. Although there is not one model of a good management, but if you consider all of them, you can see a distinguishing characteristic that is common to all of them. You can put that in keywords: efficiency, teamwork, and fit task. When looking for a management consultant, one should initially draft the underlying problems. This is to give the consultant an idea of what you are after, at least initially.You may also see  compliance strategic plan examples

You may skip a consultant, you may skip seeking advice from a consultant. But bear in mind this is their expertise. And you really want a second opinion, not just your own. Also, you want a third party to stand between you and the rest of the team. But these are just some of many tips. If you can do it on your own, fine, but as always, two heads are better than one.You may also see  social media business plan examples

Always remember, management consultants help your business, whatever type of business, maximize its strengths, improve performance by being critical in how it is being run and operated. They do this by solving problems, as well as finding better ways of executing things. They always look for new approaches. The best thing they can do is help you find ways in making your company cost efficient without compromising quality. If you need a doctor for you health, if you need a mechanic for your car, an adviser for your spiritual life, the same thing goes to business.You may also see  transition plan examples

A business needs to be updated in order to be competitive against any other business. If you do it yourself, chances are you can only see what is within you, your company. But you are aware that the real competition is outside the walls. And you need an outsider to give you that perspective. You need someone from the outside. Someone that can give you fresh ideas. Someone that the rest of your family operating the business would look up to.You may also see  real estate investor marketing plan examples

management consultancy business plan

AI Generator

Text prompt

  • Instructive
  • Professional

10 Examples of Public speaking

20 Examples of Gas lighting

Domont Consulting

  • All our Toolkits
  • Corporate/Business Strategy and Strategic Planning Toolkit
  • Operating Model and Organization Design Toolkit
  • Digital Transformation Toolkit
  • Change & Project Management Toolkit

Management Consulting Toolkit

  • Human Resources & Talent Management Toolkit
  • Mergers and Acquisitions Toolkit
  • Post Merger Integration Toolkit
  • Sales, Marketing & Communication Strategy Toolkit
  • Business Plan and Entrepreneurship Toolkit
  • Supply Chain Strategy Toolkit
  • Lean 6 Sigma Toolkit
  • Risk Management Toolkit
  • Leadership Development Toolkit
  • Financial Modeling, Planning & Analysis Toolkit
  • Customer Experience Strategy & Design Thinking Toolkit
  • Data Analytics Strategy Toolkit
  • Warren Buffet Value Investing Strategy Toolkit
  • Full Access

Management Consulting Toolkit

To instantly translate our Toolkits, our clients usually choose the world’s best AI translators in the world: Deepl Translator or Microsoft Translator.

  • With Deepl Translator, you can easily and instantly translate an entire document in 30+ languages. All you need to do is go on their website https://www.deepl.com/translator, and drag and drop your Powerpoint or Word document. We indirectly pay for Deepl.com by providing you a US $50 discount, which you can use to purchase our Toolkits. This discount will cover the cost of Deepl.com. To get this US $50 discount, enter this discount code at checkout: DEEPL$50DISC.
  • With Microsoft Translator, you can easily and instantly translate our Toolkits in all languages. Microsoft Translator is free and directly available within Powerpoint and Excel. It uses Neural Machine Translation (NMT), which is the new standard for high-quality AI-powered machine translations.
  • Arabic, Levantine SM
  • Bosnian (Latin)
  • Cantonese (Traditional)
  • Chinese Simplified
  • Chinese Traditional
  • Haitian Creole
  • Portuguese (Brazil)
  • Portuguese (Portugal)
  • Queretaro Otomi
  • Serbian (Cyrillic)
  • Serbian (Latin)
  • Yucatec Maya

This Toolkit was created by ex- McKinsey, Deloitte & BCG Consultants , after 4,000+ hours of work. It is considered the world's best & most comprehensive Management Consulting Toolkit. It includes all the Frameworks, Best Practices & Templates required to launch a management consulting practice and excel as a Management Consultant.

Editable Toolkit to help you reuse our content: 900 Powerpoint slides | 60 Excel sheets | 10 Word pages | 43 minutes of Video training

Number of users: rights: our toolkits and intellectual property (ip) are protected by copyright law. if multiple persons use our toolkit(s), please select a multi-user option. every user will have the right to download, store, copy, edit, print & use our toolkits for personal and professional presentations, on their professional and personal devices. which option to choose an independent consultant or a sole trader will usually select the option “1 user”. a team or a small business with less than 5 people using our toolkit(s) will usually select the option “5 users”. a team or a small business with less than 30 people using our toolkit(s) will usually select the option “30 users”. for more than 30 users, please contact us at [email protected] to get a quote. restrictions: the user is not allowed to publish our toolkits online, sell our toolkits or provide public access to our toolkits. " data-tipped-options="position: 'top',maxwidth: 800">, trusted by 200,000+ executives, consultants and entrepreneurs from small & large organizations.

Brand logo

This Toolkit includes frameworks, tools, templates, tutorials, real-life examples, best practices, and video training to help you:

  • Launch a consulting practice and excel as a Management Consultant with our 5-phase approach: (I) Create a business plan for your consulting practice, (II) Create your consulting proposal and legal agreements, (III) Identify your client’s problem, (IV) Find a solution using world-class frameworks & Tools, (V) Present effectively.
  • (I) Create a business plan for your consulting practice: (1) Business plan canvas, (2) Problem to solve and solution, (3) Mission, vision and values, (4) Strategic objectives, (5) Market analysis, (6) Competitor analysis, (7) Marketing plan, (8) Business structure, (9) Financial plan, (10) Business valuation, (11) Next steps.
  • (II) Create your consulting proposal and legal agreements: (1) Consulting proposal: Situation and key challenge, Proposed solution, Business case and financial model, Approach, Our value proposition, Proposed team, Consulting fees, Next steps, (2) Legal agreements: Business consultant agreement Non-disclosure agreement, Non-compete agreement.
  • (III) Identify your client’s problem: (1) Internal analysis: Financial analysis, HR analysis, Marketing analysis, Customers analysis, Suppliers analysis, (2) Market Analysis: Target market, Market sizing with TAM, Market attractiveness with Porter’s 5 Forces, Environment analysis with PESTLE, (3) Competitor Analysis: Competitor identification, Benchmarking, Strategic group mapping, Competitor profiling, (4) Problem identification tools: Issue tree, Five whys, Fishbone diagram, Problem definition worksheet, (5) SWOT summary.
  • (IV) Find a solution using world-class frameworks & Tools: (1) Frameworks to answer common strategic questions: What caused the company’s profit to decrease?, Should we enter a new market?, Should we introduce a new product?, Should we acquire this company?, (2) BU/Product portfolio management tools: GE-McKinsey Matrix, BCG Growth-Share Matrix, (3) Growth strategy tools: 7 Degrees of Freedom for Growth, Ansoff Growth Matrix, Blue Ocean Strategy, McKinsey Seven-S, Porter’s Generic Corporate Strategies, Product Life Cycle, (4) other frameworks and tools: Value Chain Analysis, Value Driver Tree, Pareto Principle, etc.
  • (V) Present effectively: (1) Presentation structure: Situation, complication and question, Pyramid principle, Storyboard, (2) Top 300 ready-made consulting diagrams and charts: Business roadmaps, Conceptual charts, Dashboards, Editable maps, Funnel diagrams, Logical & decision trees, Matrix, Organizational charts, Process maps, Project plans, timelines & Gantt charts, Speedometer charts, Tables, Virtuous cycle charts, Waterfall charts, Etc.

Benefits of our Management Consulting Toolkits

Improve the growth & efficiency of your organization by leveraging Management Consulting Toolkits created by ex-McKinsey, Deloitte & BCG Consultants.

Make a great investment for your career & organization. It cost us US$8M+ over the past 10 years to create all our Toolkits. Get them for a fraction of this cost.

Get a competitive advantage. It’s like hiring Management Consultants to create all the practical Frameworks, Tools & Templates you need.

Get the job done quicker and never start from scratch again with our ready-made and fully editable Frameworks, Tools & Templates in Powerpoint & Excel.

Don't reinvent the wheel. We have already worked 30,000+ hours over the past 10 years to create all the Management Consulting Toolkits you need.

Improve the capabilities of your organization by learning how the Fortune 100 and Global Consulting Firms do it.

Get free support and advice from our ex-McKinsey, Deloitte & BCG Management Consultants.

Decrease your costs. Hiring tier-1 Consultants for a project would cost you $300k+. Way more expensive than our Toolkits, which will last you a lifetime!

Become your organization’s subject matter expert and impress your stakeholders with world-class approaches to resolve common business problems.

management consultancy business plan

'Imagine having a team of ex-McKinsey, Deloitte and BCG Management Consultants at your disposal at any time of the day to help you solve your business problems and improve the growth and efficiency of your organization. How much more confident would you be about the future performance of your organization and your own career progression? How much more time could you save?

If you have ever tried solving business problems that you haven’t encountered before, you know how frustrating it can be to start from scratch. And even then, you still aren’t sure if what you’re doing is going to end up wasting your time and money. Having someone by your side who has already solved these business problems would be a huge help. That’s why businesses hire management consultants for support in the first place.

The only problem is that hiring a couple of tier-1 Consultants for a management consulting project would cost you at least $300,000! Not every business or team can afford this.

I wanted to do something about this because I believe everyone deserves to receive high-value business guidance, regardless of their budget!

That’s why in 2012, I decided to team up with other ex-McKinsey, Deloitte and BCG Consultants to create all the Management Consulting Toolkits required to solve your business problems and improve the growth and efficiency of your organization!

Whether you're an executive, entrepreneur or consultant from a small or large organization, you can now leverage the know-how and best practices of our ex-McKinsey, Deloitte & BCG Management Consultants without breaking your budget.'

What our clients say about our Toolkits

Verified reviews.

start-ratings

Elise Barho

Director at Huron Consulting Group

Invaluable resource for my consulting firm

With all these toolkits, Domont Consulting provided an invaluable resource for me and my Consulting Firm. It would have taken us more than a year to create the same Toolkits on our own!

management consultancy business plan

www.huronconsultinggroup.com/

start-ratings

John Karageorgiou

Senior Manager at Deloitte

Really handy

I just downloaded a toolkit - it looks really handy and will start using it for my clients.

management consultancy business plan

www.deloitte.com

start-ratings

Hilda Wallace

Business student

I'm a student from India. Can't afford it

All these materials seem great but I'm a business student located in India and can't afford it. They should have different prices for students from developing countries.

start-ratings

Marco Zuniga

Senior Sales Representative at Oracle

Your Toolkits are terrific. Really. A great work. I loved them. It has given to me a lot of new ideas, refresh others.

www.oracle.com/au/corporate/

start-ratings

Senior Manager at Capgemini

World-class toolkits

Your toolkits and templates are truly world-class. I will be buying more toolkits in the next few months (as soon as business starts picking up in the ANZ region).

management consultancy business plan

www.capgemini.com

start-ratings

Frank Lohter

Senior Manager

High impact on profit growth

Our profit increased by 27% in one year. Not all of this increase can be attributed to their toolkits, but a big part of it can. Everyone is now clear on where the company is going, and how to get there. And our project prioritization process is now way more robust, which led to better and quicker decisions.

start-ratings

Chijioke (CJ) Ezea

Senior Manager at Aon

Amazing tools kits and templates

Great connecting with you Aurelien. You are an authority in business strategy. Went through your website and I saw so many amazing tools kits and templates. Great job you did there, I must confess.

www.aon.com/home/index

start-ratings

Venkat Matoory

Director at MSU Consulting Academy

Great compilations!

I have referred some of your toolkits, tremendous effort, great compilations!

broad.msu.edu/undergraduate/opportunities/consulting/

start-ratings

Xavier Rachida

Strategy Executive

Better profit margin

The corporate and business strategy toolkit helped us clearly define our vision, strategic objectives and the initiatives required to reach our strategic objectives. By being clear on these 3 components, we were able to make the most of our financial and human resources. The company is now way more structured and our profit margin went from 12% to 19% in 1 year.

start-ratings

Paul Marks PCC (ICF)

Managing Director at Change Works Ltd

Great Toolkits

Their toolkits and slides are great and very useful for my company Change Works, which helps leaders and teams upskill for the future.

management consultancy business plan

www.changeworksltd.co.th/

start-ratings

Daniel Cenza

Manager at KPMG

Great complement to our own frameworks

We currently have a dozen management consultants from singapore, Italy and the US currently using their toolkits as a great complement to our own frameworks.

home.kpmg/xx/en/home.html

start-ratings

Satishi Kama

Help increase productivity.

All these premium toolkits helped me significantly increase the productivity of my team (probably by more than 20%) and the quality of our deliverables, which are now a lot more structured.

start-ratings

Roger Skinner

Chairman at Visper Financial Group

Your Toolkits are, at first glance, very good. Thanks. Roger

management consultancy business plan

www.visperltd.com

start-ratings

John Anthony

Independent Management Consultant

Leverage someone else's work

My motto is simple: why would I start from scratch when I can leverage someone else's work? Thank you for putting together so many frameworks & templates that I can reuse for my client engagements!

start-ratings

Managing Director at ION Intelligence of Nature

Invaluable to get things started

After over 20 years working for others in the wine & spirits industry, starting to support multiple companies achieve their goals. Your information has been invaluable to get things started. Thank you.

management consultancy business plan

www.intelligenceofnature.com

start-ratings

James Misery

Strategy Consultant

$750K+ of savings

Now that we have access to all these frameworks, Tools & Templates, we don’t have to spend as much in management consulting fees, which resulted in $750K+ of savings.

start-ratings

Albeiro Herrera C

Senior Leader experts in Transformation

Really Awesome

I bought your Digital Transformation Package, and it is really awesome!

start-ratings

Antoine Larodrie

Manager for a Fortune 500 Company

Great to solve common business problems

Each time I face a new Business problem, I always go on Domont to see if one of their tier one Consultants already created a structured approach to solve it.

start-ratings

Dr. Wafi Asiri

Executive in Residence at Utah Valley University

Inspiring work!

Awe-inspiring work on Domont Consulting toolkits!

www.uvu.edu/

start-ratings

Nida Rollins

Senior Executive

Helped us generate $32M in revenue

The digital transformation toolkit helped us fasten our digital transformation and generate $21M in savings and $32M in incrementatal revenue

start-ratings

Adam J. Borgens

COO at Bravo Environmental Northwest

Thankful for this resource

Awesome. Thanks, I got a couple of packages and they are really great. I really appreciate you helping me learn this new path and work with your tools. So thankful for this resource as I ramp up things. Great job!

management consultancy business plan

https://www.bravoenvironmental.com/

start-ratings

Siria Clear

Management Consultant

Price point too high for developing countries

"You’ve done an absolutely amazing job in creating the toolkit for consultants. I requested for the sample version and loved it. The reason I am writing to you is share that while for Americas, and most of Europe, your price-points are great, for India, Philippines and other developing economies, USD 800 is what most consultants make in a month."

start-ratings

Marco Spinner

Truly useful though website not always clear.

"Thank you so much for your service. I am glad I found your website! Truly useful! Though, it was not crystal clear on your website that the strategic plan template was part of the corporate & business strategy toolkit."

start-ratings

Fatma A.Halim

Communication & PR Consultant

Invaluable consulting toolkit

I would like to thank your wonderful consultants who took the time and effort to provide such an invaluable management consulting toolkit. It is amazing. I just need to make sure my download is complete, as there are a lot of material here. Kindly verify.

management consultancy business plan

inktankir.com/

start-ratings

Lori D. Kendall, PhD

Managing Director at DIT Advisors

Nicely done

I bought the Silver Business & Consulting Package. Nicely done. Your content is fantastic!

start-ratings

Marc Lenepar

Great website.

Great website Great website but I wish you had more frameworks, templates and tools around customer experience

start-ratings

CEO at Pic River Energy & Forestry

Excellent tools

Excellent tools and great value as a senior manager. I'd love if you had also online videos and google slides instead of Powerpoint.

start-ratings

David Reynolds

Consultant & Executive

Helped me save hundreds of hours

"Wow, What can I say other than to thank you for the quality, definition and sheer volume of work provided. This is going to help me align our messages and save hundreds of hours (if not more) in preparation time. Will definitely recommend."

start-ratings

Antoine Lamy

Deputy Director Group Ipesup

Very happy with their consulting services

I hired Aurelien Domont and one of his consultants to help me value and sell our company to potential buyers. Very happy with their consulting services.

management consultancy business plan

www.ipesup.fr

start-ratings

Entrepreneur & Email Marketing Expert

High quality and easy to use

High quality and easy to use frameworks and templates. The fact that these were made and used by the top consultants in the industry says enough. Their customer service has been very responsive.

management consultancy business plan

www.zoranorak.com

start-ratings

Director at Body Corporate Wellness

Helped conceptualize and clarify our offering

Aurelian provided effective advice for a business startup I was working with. His extensive knowledge and supplementary frameworks and document templates helped conceptualize and clarify what it was we were offering.

start-ratings

Erik Castillo

Chief Business Development Officer at GroupM

Excellent material

Excellent material. The content is good and powerful for structure

management consultancy business plan

www.groupm.com

start-ratings

Oscar Franco

Entrepreneur and MBA student

I highly recommend the Consulting Kit

I just finished my MBA and this product is fantastic. The quality of the graphics is of the highest level. It is an investment that will definitely be of great help to start my new business. The customer service is excellent. I highly recommend this Consulting Kit.

start-ratings

Valentine Masina

Time saver and high quality.

Really a timesaver for consultants. It is very resourceful and enlightening. I was amazed at the quality and concise content. Plus if you know the value of such, you would know that you have received more bang for your buck than you would find elsewhere. Overall I am delighted and I know this will improve our consulting business in more ways than one. Thanks Aurelien and the Domont Team

start-ratings

Ali Abas Wani

Very promising and structured.

The Sales, Marketing & Communication Toolkit seems to be very prorevimising and structured. However, lower pricing should be adopted for students and startups.

start-ratings

Yoro Olivier

Managing Director at Zsquare

Thank you for sharing your hard work

Even If I can't afford your hiring fees, I will rely upon your toolkits and templates to make sure that my perpectives are sound and on the good track. Thank you very much for sharing your hard work, providing high level expertize to startup founders like me, and helping create a cumulative economy.

www.zsquaremedical.com/

start-ratings

Steven Helmholz

Recruitment Partner at MossiTribe

Wondereful Toolkits

Wondereful Toolkits. Will keep you guys in mind for other stuff. I had an issue with the watermark at the bottom of some slides. But they helped me easily remove it.

management consultancy business plan

www.mossitribe.com

start-ratings

Martin Kerr

Director at Structured Change Pty Ltd

Great content

I purchased the gold business and consulting package this morning for my team of 3. Great content thank you!

management consultancy business plan

www.structuredchange.com.au

start-ratings

Thokozani Thwala

CEO at GROWTHMAP INFONOMICS

Useful and insightful

The templates and the tools are very useful and insightful.

management consultancy business plan

www.growthmap.com

start-ratings

Nicholas Reade

Director at RRBA Business Advisory

Excellent initiative

This is an excellent initiative. Thank you very much for sharing all these best practices!

management consultancy business plan

www.rrbaadvisory.com

Our Wall of Love

Many thanks for the thousands of unsolicited feedback that domont consulting (formerly slidebooks consulting) received from executives, consultants, and entrepreneurs.

Image 5

Join our 100,000+ social media followers

Having over 27,000 professionals following our managing director, linkedin stands as our primary platform for sharing best practices and updates.

Follow

All Toolkits include:

Fully editable text, graphics, logos and colors

Instant download after purchase

Considered a refundable business expense

1-week money back guarantee (per terms)

Free support and advice from tier-one consultants

Guaranteed safe checkout

Interested in multiple Toolkits?

Get all our Toolkits for half the price with the Gold Access

Need additional help on top of our Management Consulting Toolkits?

Hire one of our Management Consultants for $3,000 a day

Aurelien Domont

Aurelien Domont

Ex-Deloitte Consultant

15 years of experience

Daniel Curtis

Daniel Curtis

Ex-McKinsey Consultant

16 years of experience

Tony Altimore

Tony Altimore

Ex-Booz Allen Hamilton Consultant

Syed Ali Usman Gardezi

Syed Ali Usman Gardezi

Abhishek Bhalla

Abhishek Bhalla

Ex-Accenture & IBM Consultant

Karola McArthur

Karola McArthur

20+ years of experience

Akshata Prabhu

Akshata Prabhu

Ex-Bain & Company

5+ years of experience

Ilija Sovilj

Ilija Sovilj

Ex-Ernst & Young Consultant

10 years of experience

Hussein Al-Aaraj

Hussein Al-Aaraj

Ex-Accenture Consultant

26 years of experience

Raimonds Kulbergs

Raimonds Kulbergs

Ex-Deloitte & EY Consultant

12 years of experience

Rafik Zemouli

Rafik Zemouli

Ex-PWC & Kurt Salmon Consultant

11 years of experience

Ricardo Agostini

Ricardo Agostini

Ex EY and PWC Consultant

19 years of experience

Gabriela Hrasko

Gabriela Hrasko

Yoann C.

Ex-Mckinsey Consultant

20 years of experience

Swati Lohiya

Swati Lohiya

17 years of experience

management consultancy business plan

© 2012 - 2023 Domont Consulting

  • Free Sample
  • Hire a Consultant

management consultancy business plan

Growthink logo white

HR Consulting Business Plan Template

Written by Dave Lavinsky

hr consulting business plan template

Human Resources Consulting Business Plan

Over the past 20+ years, we have helped over 1,000 entrepreneurs and business owners create business plans to start and grow their human resources consulting businesses. On this page, we will first give you some background information with regards to the importance of business planning. We will then go through an HR consulting business plan template step-by-step so you can create your plan today.

Download our Ultimate Business Plan Template here >

What Is a Business Plan?

A business plan provides a snapshot of your human resources consulting business as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategy for reaching them. It also includes market research to support your plans.

Why You Need a Business Plan

If you’re looking to start an HR consulting business or grow your existing business, you need to write your own business plan. A business plan will help you raise funding, if needed, and plan out the growth of your HR consulting business in order to improve your chances of success. Your business plan is a living document that should be updated annually as your company grows and changes.

Sources of Funding for Human Resources Consulting Businesses

With regards to funding, the main sources of funding for a human resources consulting business are personal savings, credit cards, bank loans and angel investors. With regards to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the lender will not only want to confirm that your financials are reasonable, but they will also want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business. Personal savings is the most common form of funding for a human resources consulting business. Personal savings and bank loans are the most common funding paths for HR consulting businesses.

Finish Your Business Plan Today!

If you want to start an HR consulting business or expand your current one, you need a business plan. Below we detail what should be included in your own business plan for an HR consulting firm.

Executive Summary

Your executive summary provides an introduction to your own business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.

The goal of your Executive Summary is to quickly engage the reader. Explain to them the type of HR consulting business you are operating and its status. For example, are you a startup, do you have an HR consulting firm that you would like to grow, or are you operating human resources consulting firms in multiple markets?

Next, provide an overview of each of the subsequent sections of your plan. For example, give a brief overview of the HR consulting industry. Discuss the type of HR consulting business you are operating. Detail your direct competitors. Give an overview of your target customers. Provide a snapshot of your marketing plan. Identify the key members of your team. And offer an overview of your financial plan.  

Company Analysis

In your company analysis, you will detail the type of HR consulting business you are operating.

For example, you might operate one of the following types of human resources consulting businesses:

  • Human Capital Strategy : this type of business focuses on strategic matters such as corporate culture, diversity, and organization design.
  • Compensation & Benefits: this type of business involves analyzing and consulting on all aspects of employee compensation, from base pay to secondary benefits, as well as pension and retirement.
  • Talent Management: this type of business focuses primarily on recruitment and retention of talent, as well as on talent development.
  • Professional Development: this type of business offers services ranging from leadership coaching and development to developing learning management systems.

In addition to explaining the type of HR consulting business you will operate, the Company Analysis section of your business plan needs to provide background on the business.

Include answers to questions such as:

  • When and why did you start the business?
  • What milestones have you achieved to date? Milestones could include the number of websites launched, the types of sites developed, etc.
  • Your legal structure. Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

Industry Analysis

In your industry analysis, you need to provide an overview of the HR industry.

While this may seem unnecessary, it serves multiple purposes.

First, researching the HR industry educates you. It helps you understand the market in which you are operating.

Secondly, market research can improve your strategy, particularly if your research identifies market trends.

The third reason for market research is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.

The following questions should be answered in the industry analysis section of your HR consulting business plan:

  • How big is the human resources industry (in dollars)?
  • Is the market declining or increasing?
  • Who are the key competitors in the market?
  • Who are the key suppliers in the market?
  • What trends are affecting the industry?
  • What is the industry’s growth forecast over the next 5 – 10 years?
  • What is the relevant market size? That is, how big is the potential market for your human resources consulting business? You can extrapolate such a figure by assessing the size of the market in the entire country and then applying that figure to your local population.

Customer Analysis

The customer analysis section of your HR consulting business plan must detail the customers you serve and/or expect to serve.

The following are examples of customer segments: financial services companies, government entities, healthcare institutions, and technology companies.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of human resource consulting business you operate. Clearly, government entities would respond to different marketing promotions than technology companies, for example.

Try to break out your target customers in terms of their demographic and psychographic profiles. With regards to demographics, include a discussion of the ages, genders, locations, and income levels of the customers you seek to serve. Because most HR consulting businesses primarily serve customers living in the same city or town, such demographic information is easy to find on government websites.

Psychographic profiles explain the wants and needs of your target customers. The more you can understand and define these needs, the better you will do in attracting and retaining your customers.  

Finish Your HR Consulting Business Plan in 1 Day!

Don’t you wish there was a faster, easier way to finish your business plan?

With Growthink’s Ultimate Business Plan Template you can finish your plan in just 8 hours or less!

Competitive Analysis

Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.

Direct competitors are other human resource consulting firms.

Indirect competitors are other options that customers have to purchase from that aren’t direct competitors. This includes more generalized management consultants or dedicated in-house HR teams.

With regards to direct competition, you want to describe the other HR consulting businesses with which you compete. Most likely, your direct competitors will be human resource consulting businesses located very close to your location.

management consultancy business plan

For each such competitor, provide an overview of their businesses and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as:

  • What types of customers do they serve?
  • Do they specialize in specific industries (i.e. healthcare, technology, etc.)?
  • What is their pricing (premium, low, etc.)?
  • What are they good at?
  • What are their weaknesses?

With regards to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to ask your competitors’ customers what they like most and least about them.

The final part of your competitive analysis section is to document your areas of competitive advantage. For example:

  • Will you provide either a wider range or more specialized range of services?
  • Will you offer virtual service options?
  • Will you provide superior customer service?
  • Will you offer better pricing?

Think about ways you will outperform your competition and document them in this section of your plan.  

Marketing Plan

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For an human resource consulting business, your marketing plan should include the following:

Product : In the product section, you should reiterate the type of HR consulting company that you documented in your Company Analysis. Then, detail the specific products you will be offering. For example, in addition to strategic consulting, will your HR consulting business provide compliance consulting?

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your marketing plan, you are presenting the services you offer and their prices.

Place : Place refers to the location of your company. Document your location and mention how the location will impact your success. For example, will you operate from a physical office, or will you primarily interact with clients online and/or at their place of business? In this section, discuss how your location will affect the demand for your services.

Promotions : The final part of your marketing plan is the promotions section. Here you will document how you will drive customers to your location(s). The following are some promotional methods you might consider:

  • Advertising in local papers and magazines
  • Reaching out to local websites
  • Signs and billboards
  • Social media marketing
  • Local radio advertising

Operations Plan

While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.

Everyday short-term processes include all of the tasks involved in running your HR consulting business, including marketing, providing consultations, building analytics processes, developing and presenting recommendations, etc.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to sign your 50 th consulting contract, or when you hope to reach $X in revenue. It could also be when you expect to open an HR consulting business in a new location.  

Management Team

To demonstrate your HR consulting business’ ability to succeed, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow your business.

Ideally you and/or your team members have direct experience in human resources and/or managing HR consulting businesses. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.

If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act like mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in Human Resources, or successfully running small businesses.  

Financial Plan

Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet and cash flow statements.

Income Statement : an income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenues and then subtracts your costs to show whether you turned a profit or not.

hr consulting business expenses

In developing your income statement, you need to devise assumptions. For example, will you focus on one client at a time, or will you have teams working on multiple projects at once? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.

Balance Sheets : Balance sheets show your assets and liabilities. While balance sheets can include much information, try to simplify them to the key items you need to know about. For instance, if you spend $50,000 on building out your business, this will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a bank writes you a check for $50,000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.

Cash Flow Statement : Your cash flow statement will help determine how much money you need to start or grow your business, and make sure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit but run out of money and go bankrupt.

In developing your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing an hr consulting business:

  • Office build-out
  • Cost of buying or leasing a company vehicle
  • Cost of office supplies such as computers and software
  • Payroll or salaries paid to staff
  • Business insurance
  • Taxes and permits
  • Legal expenses

start-up costs

Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include your office lease, any notable clients you’ve served, or an overview of the services you offer.  

Putting together a business plan for your HR consulting business is a worthwhile endeavor. If you follow the template above, by the time you are done, you will have an expert HR consulting business plan; download it to PDF to show banks and investors. You will really understand the HR industry, your competition, and your customers. You will have developed a marketing plan and will really understand what it takes to launch and grow a successful HR consulting business.  

HR Consulting Business Plan FAQs

What is the easiest way to complete my hr consulting business plan.

Growthink's Ultimate Business Plan Template allows you to quickly and easily complete your HR Consulting Business Plan.

What is the Goal of a Business Plan's Executive Summary?

The goal of your Executive Summary is to quickly engage the reader. Explain to them the type of HR consulting business you are operating and the status; for example, are you a startup, do you have an HR consulting business that you would like to grow, or are you operating a chain of HR consulting businesses?

Don’t you wish there was a faster, easier way to finish your HR Consulting business plan?

OR, Let Us Develop Your Plan For You

Since 1999, Growthink has developed business plans for thousands of companies who have gone on to achieve tremendous success.   Click here to learn about Growthink’s business plan writing service .

Other Helpful Business Plan Articles & Templates

Business Plan Template & Guide For Small Businesses

  • Search Search Please fill out this field.
  • Building Your Business
  • Becoming an Owner
  • Business Plans

How To Write the Management Section of a Business Plan

Susan Ward wrote about small businesses for The Balance for 18 years. She has run an IT consulting firm and designed and presented courses on how to promote small businesses.

management consultancy business plan

Ownership Structure

Internal management team, external management resources, human resources, frequently asked questions (faqs).

When developing a business plan , the 'management section' describes your management team, staff, resources, and how your business ownership is structured. This section should not only describe who's on your management team but how each person's skill set will contribute to your bottom line. In this article, we will detail exactly how to compose and best highlight your management team.

Key Takeaways

  • The management section of a business plan helps show how your management team and company are structured.
  • The first section shows the ownership structure, which might be a sole proprietorship, partnership, or corporation.
  • The internal management section shows the department heads, including sales, marketing, administration, and production.
  • The external management resources help back up your internal management and include an advisory board and consultants.
  • The human resources section contains staffing requirements—part-time or full-time—skills needed for employees and the costs.

This section outlines the legal structure of your business. It may only be a single sentence if your business is a sole proprietorship. If your business is a partnership or a corporation, it can be longer. You want to be sure you explain who holds what percentage of ownership in the company.

The internal management section should describe the business management categories relevant to your business, identify who will have responsibility for each category, and then include a short profile highlighting each person's skills.

The primary business categories of sales, marketing , administration, and production usually work for many small businesses. If your business has employees, you will also need a human resources section. You may also find that your company needs additional management categories to fit your unique circumstances.

It's not necessary to have a different person in charge of each category; some key management people often fill more than one role. Identify the key managers in your business and explain what functions and experience each team member will serve. You may wish to present this as an organizational chart in your business plan, although the list format is also appropriate.

Along with this section, you should include the complete resumés of each management team member (including your own). Follow this with an explanation of how each member will be compensated and their benefits package, and describe any profit-sharing plans that may apply.

If there are any contracts that relate directly to your management team members, such as work contracts or non-competition agreements, you should include them in an Appendix to your business plan.

While external management resources are often overlooked when writing a business plan , using these resources effectively can make the difference between the success or failure of your managers. Think of these external resources as your internal management team's backup. They give your business credibility and an additional pool of expertise.

Advisory Board

An Advisory Board can increase consumer and investor confidence, attract talented employees by showing a commitment to company growth and bring a diversity of contributions. If you choose to have an Advisory Board , list all the board members in this section, and include a bio and all relevant specializations. If you choose your board members carefully, the group can compensate for the niche forms of expertise that your internal managers lack.

When selecting your board members, look for people who are genuinely interested in seeing your business do well and have the patience and time to provide sound advice.

Recently retired executives or managers, other successful entrepreneurs, and/or vendors would be good choices for an Advisory Board.

Professional Services

Professional Services should also be highlighted in the external management resources section. Describe all the external professional advisors that your business will use, such as accountants, bankers, lawyers, IT consultants, business consultants, and/or business coaches. These professionals provide a web of advice and support outside your internal management team that can be invaluable in making management decisions and your new business a success .

The last point you should address in the management section of your business plan is your human resources needs. The trick to writing about human resources is to be specific. To simply write, "We'll need more people once we get up and running," isn't sufficient. Follow this list:

  • Detail how many employees your business will need at each stage and what they will cost.
  • Describe exactly how your business's human resources needs can be met. Will it be best to have employees, or should you operate with contract workers or freelancers ? Do you need full-time or part-time staff or a mix of both?
  • Outline your staffing requirements, including a description of the specific skills that the people working for you will need to possess.
  • Calculate your labor costs. Decide the number of employees you will need and how many customers each employee can serve. For example, if it takes one employee to serve 150 customers, and you forecast 1,500 customers in your first year, your business will need 10 employees.
  • Determine how much each employee will receive and total the salary cost for all your employees.
  • Add to this the cost of  Workers' Compensation Insurance  (mandatory for most businesses) and the cost of any other employee benefits, such as company-sponsored medical and dental plans.

After you've listed the points above, describe how you will find the staff your business needs and how you will train them. Your description of staff recruitment should explain whether or not sufficient local labor is available and how you will recruit staff.

When you're writing about staff training, you'll want to include as many specifics as possible. What specific training will your staff undergo? What ongoing training opportunities will you provide your employees?

Even if the plan for your business is to start as a sole proprietorship, you should include a section on potential human resources demands as a way to demonstrate that you've thought about the staffing your business may require as it grows.

Business plans are about the future and the hypothetical challenges and successes that await. It's worth visualizing and documenting the details of your business so that the materials and network around your dream can begin to take shape.

What is the management section of a business plan?

The 'management section' describes your management team, staff, resources, and how your business ownership is structured.

What are the 5 sections of a business plan?

A business plan provides a road map showing your company's goals and how you'll achieve them. The five sections of a business plan are as follows:

  • The  market analysis  outlines the demand for your product or service.
  • The  competitive analysis  section shows your competition's strengths and weaknesses and your strategy for gaining market share.
  • The management plan outlines your ownership structure, the management team, and staffing requirements.
  • The  operating plan  details your business location and the facilities, equipment, and supplies needed to operate.
  • The  financial plan  shows the map to financial success and the sources of funding, such as bank loans or investors.

SCORE. " Why Small Businesses Should Consider Workers’ Comp Insurance ."

ProfitableVenture

Project Management Consulting Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business Plans » B2B Sector

Are you about starting a project management consulting company? If YES, here is a complete sample project management consulting business plan template & feasibility report you can use for FREE .

Project management consulting is one of many business niche ideas in the consulting industry which someone with certification in project management can successfully launch in the United States and still break even within record time, if indeed they know their worth.

Project management is a methodical approach to planning and guiding project processes from conception to completion; it is a temporary endeavor initiated with the sole aim of creating a unique product, service or result as the case maybe.

A Sample Project Management Consulting Business Plan Template

1. industry overview.

Project management consulting is a niche idea in the Management Consulting industry and management consultants advise businesses, nonprofits and public-sector agencies in the following areas: organizational design, human resources, corporate strategy, information technology strategy, marketing and sales, finances and logistics.

It is important to note that firms that are involved in providing day-to-day administrative services and establishments that are concentrated in recruitment, training, public relations, market research, engineering design, computer systems design and investment advice et al are not considered as part of the management consulting industry.

A close study of the management consulting industry shows that over the years, the industry has been experiencing success as stronger corporate profitability and increasing business expenditure resulted in higher demand for advisory services.

In recent years, the demand for this industry has come from a number of different sectors and services. Demand was strong from financial institutions and professional firms and healthcare companies have also been a boom to the industry .

So also, the ongoing transition toward digital technology has provided new opportunities for operators. Going forward, the industry is expected to grow with the general US economy. Information technology will continue to be a key growth area for firms, while other sectors such as healthcare also provide new business opportunities.

The Management Consulting industry is indeed a large industry that is very active in developed countries. Statistics has it that in the united states of America alone, there are about 723,001 registered and licensed management consulting firms (project management consulting firms inclusive) scattered all across the United States responsible for employing about 1,517,845 and the industry rakes in a whooping sum of $223 billion annually.

The industry is projected to grow at 3.1 percent annual growth within 2012 and 2017. It is important to state that Accenture, DTT and McKinsey have a lion market share in the industry.

A recent report published by IBISWORLD shows that the Management Consulting industry is in the mature stage of its life cycle.

The report highlighted the fact that the industry is characterized by growth in line with the overall economy, an increasing number of industry players and technological change based on improving efficiency rather than developing entirely new services.

The report also stated that over the past five years, the industry has experienced strong growth as a result of surging corporate profit and new demand for advisory services as digital technologies change the way companies do business.

Furthermore, consultants continue to be a key component in helping firms navigate a constantly changing business landscape. The report further reveals that over the 10 years to 2022, industry value added (IVA) is projected to increase at an annualized 3.4 percent.

Lastly, one good thing about project management consulting business is that there are readily available markets for their services.

This is so because in most cases, organizations that are looking towards achieving excellence and good results in any of their projects would naturally want some professional touches hence the need to hire project management consulting firms.

2. Executive Summary

GT Clarkson & Co® Project Management Consulting, LLP is a standard and licensed project management consulting firm that will be located in Los Angeles – California, United States. We have been able to secure a long term lease for a standard office facility in a good business district in the heart of Los Angeles.

We will handle all aspects of project management consulting service for players in various industries. We are aware that to run a standard project management consulting firm can be demanding which is why we are well trained, licensed and equipped to perform excellently well.

GT Clarkson & Co® Project Management Consulting, LLP is a client-focused and result driven project management consulting firm that provides broad-based experience at an affordable fee that won’t in any way put a hole in the pocket of our clients.

We will offer a complete range of project management consulting services to our local, state, national, and multinational clients and we will ensure that we work hard to provide the required consulting services and staffing solutions needed by our clients to accomplish their business goals and objectives.

At GT Clarkson & Co® Project Management Consulting, LLP, our client’s interest come first, and everything we do is guided by our values and professional ethics. We will ensure that we hire certified project management consultants who are well experienced in a wide variety of project management consulting services.

We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely. We will at all times demonstrate our commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible.

GT Clarkson & Co® Project Management Consulting, LLP is founded by Gerald Thompson Clarkson. GT Clarkson graduated from University of California – Berkley (First Degree), and Brock School of Business at Stamford University (MBA).

He is a Certified Project Management Professional with over 15 years of hands-on experience working as a senior project management consultant with one of the leaders in the management consulting industry.

3. Our Products and Services

GT Clarkson & Co® Project Management Consulting, LLP is going to offer varieties of related project management consulting services within the scope of the staffing, recruitment and workforce solutions industry in the United States of America.

Our intention of starting our project management consulting business is to make profits from the industry and we will do all that is permitted by the law in the US to achieve our aim and ambition. Our business offerings are listed below;

  • Project planning and economic assessments
  • Quality management assessment and accreditation
  • feasibility studies, including environmental impact assessment and community consultation
  • Cost management
  • Scheduling management
  • Compliance management
  • Contract administration

4. Our Mission and Vision Statement

  • Our vision is to become the number one project management consulting firm in the whole of Los Angeles – United States of America.
  • Our vision reflects our values: integrity, service, excellence and teamwork.
  • Our mission is to provide professional, trusted and result oriented project management consulting services that assist businesses and non-profit organizations in operating sustainably and maximizing profits in the business.

Our Business Structure

Starting a small scale project management consulting firm would require that you settle for two or three staff members, but as part of our plans to build a world class project management consulting business in Los Angeles – California, we have perfected plans to get it right from the beginning which is why we are going the extra mile to ensure that we get competent, qualified, honest and hardworking employees to occupy all the available positions in our firm.

The picture of the kind of project management consulting firm we intend building and the business goals we want to achieve is what informed the amount we are ready to pay for the best hands available in and around Los Angeles – California as long as they are willing and ready to work with us.

Below is the business structure that we will build GT Clarkson & Co® Project Management Consulting, LLP;

  • Chief Executive Officer/Lead Consultant
  • Project Management Consultant

Legal Secretary

Admin and HR Manager

  • Business Developer (Marketing and Sales Executive
  • Customer Service Executive

5. Job Roles and Responsibilities

Chief Executive Office/Lead Consultant:

  • Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
  • Makes, connects, and gears the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
  • Accountable for fixing prices and signing business deals
  • In charge of providing direction for the business
  • Responsible for signing checks and documents on behalf of the company
  • Evaluates the success of the organization
  • In control of drawing up contracts and other legal documents for the company
  • Welcomes guests and clients by greeting them in person or on the telephone; answering or directing inquiries.
  • Produces information by transcribing, formatting, inputting, editing, retrieving, copying, and transmitting text, data, and graphics; coordinating case preparation.
  • Provides historical reference by developing and utilizing filing and retrieval systems; recording meeting discussions; maintaining transcripts; documenting and maintaining evidence.

Project Management Consultant 

  • Handles project planning and economic assessments
  • Handles quality management assessment and accreditation
  • Handles feasibility studies, including environmental impact assessment and community consultation
  • Responsible for handling cost management, scheduling management, compliance management, and contract administration
  • Handles any other responsibility as assigned by the Lead Consultant
  • Responsible for overseeing the smooth running of HR and administrative tasks for the organization
  • Design job descriptions with KPI to drive performance management for clients
  • Regularly hold meetings with key stakeholders to review the effectiveness of HR Policies, Procedures and Processes
  • Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
  • Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
  • Defines job positions for recruitment and managing interviewing process
  • Carries out staff induction for new team members
  • Responsible for training, evaluation and assessment of employees
  • Responsible for arranging travel, meetings and appointments
  • Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations
  • Oversees the smooth running of the daily office activities

Business Developer (Marketing and Sales Executive)

  • Identify, prioritize, and reach out to new partners, and business opportunities et al
  • Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects.
  • Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
  • Develop, execute and evaluate new plans for expanding increase sales
  • Document all customer contact and information
  • Help increase sales and growth for the company
  • Responsible for preparing financial reports, budgets, and financial statements for the organization
  • Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions
  • Responsible for financial forecasting and risks analysis
  • Performs cash management, general ledger accounting, and financial reporting for one or more properties.
  • Responsible for developing and managing financial systems and policies
  • Responsible for administering payrolls
  • Ensuring compliance with taxation legislation
  • Handles all financial transactions for the company
  • Serves as internal auditor for the company

Client Service Executive

  • Ensures that all contacts with clients provide the client with a personalized customer service experience of the highest level
  • Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
  • Manages administrative duties assigned by the manager in an effective and timely manner
  • Consistently stays abreast of any new information on the company’s products, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients when they make enquiries
  • Receives clients on behalf of the organization
  • Receives parcels/documents for the company
  • Handles enquiries via e-mail and phone calls for the organization
  • Distribute mails in the organization
  • Handles any other duties as assigned by the line manager

6. SWOT Analysis

GT Clarkson & Co® Project Management Consulting, LLP engaged the services of a core professional in the area of business consulting and structuring to assist the firm in building a reputable and result oriented project management consulting firm that can favorably compete in the highly competitive management consulting industry.

Part of what the team of business consultant did was to work with the management of the firm in conducting a SWOT analysis for GT Clarkson & Co® Project Management Consulting, LLP. Here is a summary from the result of the SWOT analysis that was conducted on behalf of GT Clarkson & Co® Project Management Consulting, LLP;

Our core strength lies in the power of our team. We have a team that are considered experts in the industry, a team with excellent qualifications and experience in project management consulting.

Aside from the synergy that exist in our carefully selected workforce and our strong online presence, GT Clarkson & Co® Project Management Consulting, LLP is well positioned in a business district with the right demography and we know we will attract loads of corporate clients from the first day we open our doors for business.

As a new project management consulting firm, it might take some time for our organization to break into the market and work for some high profile and high paying clients; that is perhaps our major weakness.

  • Opportunities:

Digital technology has provided new opportunities for project management consulting firms to assist multiple businesses per time. No doubt, the opportunities available to project management consulting firms are indeed massive and we are ready to take advantage of any opportunity that comes our way.

Some of the threats that we are likely going to face as a project management consulting firm operating in the United States are unfavorable government policies , the arrival of a competitor within our location of operation and global economic downturn which usually affects spending/purchasing power.

There is hardly anything we can do as regards these threats other than to be optimistic that things will continue to work for our good.

7. MARKET ANALYSIS

  • Market Trends

Notable trends have emerged in recent time in the management consulting industry which is why project management consulting firms are positioning their organizations to survive the peaks and troughs of an ailing economy.

As a matter of fact, most of these trends aid project management consulting firms and organizations to become more creative, competitive, efficient, and productive in a global market. Some other trends in the consulting industry could be attributed to changing demographics, attitudes and work styles.

As the cost of management consulting services continue to increase and as corporate spending falls, new consulting delivery methods will continue to emerge and gain momentum going forward. Fast adjustments made to changing regulations are also key to the growing trends in this industry.

Lastly, it is now becoming trendy in the management consulting industry for smaller project management consulting firms to merge with bigger management consulting firms and for bigger consulting firms to acquire smaller project management consulting firms.

Smaller project management firms continue to enter the industry due to strong profit and also many project management consulting firms all over the United States are coming to the conclusion that the bigger the better for them.

8. Our Target Market

Although GT Clarkson & Co® Project Management Consulting, LLP will initially serve small to medium sized business, from new ventures to well established businesses, but that does not in any way stop us from growing to be able to compete with the leading project management consulting firms in the United States.

We hope to someday merge or acquire other smaller project management consulting firms and expand our project management consulting services beyond the shores of the United States of America.

As a full service and standard project management consulting firm, GT Clarkson & Co® Project Management Consulting, LLP has a variety of practice areas to help startups grow especially as it relates to starting and completing projects.

While we work with a variety of organizations and industries, GT Clarkson & Co® Project Management Consulting, LLP will also specialize in working with startups, real estate investors, contractors, manufacturers, distributors, banks, lending and financial institutions.

Our target market cuts across people of different class, people from all walks of life, local and international organizations as well. We are coming into the industry with a business concept that will enable us work with the highly placed people and companies in the country and at the same with the lowly placed people and smaller businesses.

In other words, our target market is the whole of the United States of America and subsequently other parts of the world. Below is a list of the people and organizations that we have specifically design our products and services for;

  • 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)
  • Households and families
  • Schools (High Schools, Colleges and Universities)
  • Sport Organizations
  • Entrepreneurs and Startups

Our Competitive Advantage

The level of competition in the management consulting industry depends largely on the location of the business and of course the niche of your project management consulting business. If you can successfully create a unique niche for your project management consultancy business, you are likely going to experience little or no competition.

For instance; if you are the only project management consultancy firm that consult for player in the construction industry in your location, you are sure of monopolizing that aspect of staffing.

GT Clarkson & Co® Project Management Consulting, LLP might be a new entrant into the management consulting industry in the United States of America, but our management staff and board members are considered gurus. They are core professionals, licensed and highly qualified project management consultants in the United States. These are part of what will count as a competitive advantage for us.

Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives.

9. SALES AND MARKETING STRATEGY

  • Sources of Income

GT Clarkson & Co® Project Management Consulting, LLP is established with the aim of maximizing profits in the management consulting industry and we are going to go all the way to ensure that we do all it takes to attract clients on a regular basis.

GT Clarkson & Co® Project Management Consulting, LLP will generate income by offering the following project management consulting services for individuals and for organizations;

  • Feasibility studies, including environmental impact assessment and community consultation

10. Sales Forecast

We are well positioned to take on the available market in the U.S. and we are quite optimistic that we will meet our set target of generating enough income/profits from the first six months of operation and grow the business and our clientele base beyond Los Angeles – California to other states in the U.S.

We have been able to critically examine the project management consultancy market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection is based on information gathered on the field and some assumptions that are peculiar to startups in Los Angeles – California.

  • First Year: $200,000
  • Second Year-: $500,000
  • Third Year-: $1,000,000

N.B : This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same additional services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

  • Marketing Strategy and Sales Strategy

We are mindful of the fact that there are stiffer competitions amongst players in the management consulting industry in the United States of America; hence we have been able to hire some of the best business developers to handle our sales and marketing.

Our sales and marketing team will be recruited base on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet the target and overall goal of the organization.

We will also ensure that our excellent job deliveries speak for us in the market place; we want to build a standard project management consulting business that will leverage on word of mouth advertisement from satisfied clients (both individuals and organizations).

Our goal is to grow our project management consulting business to become one of the top 10 project management consulting firms in the United States of America which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in the U.S but in the world stage as well.

GT Clarkson & Co® Project Management Consulting, LLP is set to make use of the following marketing and sales strategies to attract clients;

  • Introduce our business by sending introductory letters alongside our brochure to organizations and key stakeholders in Los Angeles – California
  • Promptness in bidding for project management consulting contracts from the government and other cooperate organizations
  • Advertise our business in relevant business magazines, newspapers, TV and radio stations
  • List our business on yellow pages ads (local directories)
  • Attend relevant international and local expos, seminars, and business fairs et al
  • Create different packages for different category of clients in order to work with their budgets and still deliver quality project management consulting services to them
  • Leverage on the internet to promote our business
  • Engage in direct marketing approach
  • Encourage word of mouth marketing from loyal and satisfied clients

11. Publicity and Advertising Strategy

We have been able to work with our in-house consultants and other brand and publicity specialists to help us map out publicity and advertising strategies that will help us walk our way into the hearts of our target market. We are set to take the management consulting industry by storm which is why we have made provisions for effective publicity and advertisement of our project management consulting firm.

Below are the platforms we intend to leverage on to promote and advertise our project management consulting business;

  • Place adverts on both print (community based newspapers and magazines) and electronic media platforms
  • Sponsor relevant community programs
  • Leverage on the internet and social media platforms like Instagram, Facebook, twitter, et al to promote our brand
  • Install our billboards in strategic locations all around Los Angeles – California and major cities in the United States of America
  • Engage in roadshows from time to time in targeted communities
  • Distribute our fliers and handbills in target areas
  • Position our Flexi Banners at strategic positions in the location where we intend getting clients to start patronizing our services
  • Ensure that all our staff members wear our customized clothes, and all our official cars are customized and well branded

12. Our Pricing Strategy

Hourly billing for consulting services is a long – time tradition in the industry. However, for some types of consultancy services especially project management services, flat fees make more sense because they allow clients to better predict consultancy costs.

As a result of this, GT Clarkson & Co® Project Management Consulting, LLP will charge our clients a flat fee or per head for many basic services such as one-off project consultancy services et al.

At GT Clarkson & Co® Project Management Consulting, LLP we will keep our fees below the average market rate by keeping our overhead low. In addition, we will also offer special discounted rates to startups, nonprofits, cooperatives, and small social enterprises.

  • Payment Options

The payment policy adopted by GT Clarkson & Co® Project Management Consulting, LLP is all inclusive because we are quite aware that different customers prefer different payment options but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.

Here are the payment options that GT Clarkson & Co® Project Management Consulting, LLP will make available to her clients;

  • Payment via bank transfer
  • Payment with cash
  • Payment via credit cards
  • Payment via online bank transfer
  • Payment via check
  • Payment via mobile money transfer
  • Payment via bank draft

In view of the above, we have chosen banking platforms that will enable our clients make payment for our services without any stress on their part. Our bank account numbers will be made available on our website and promotional materials.

13. Startup Expenditure (Budget)

Starting a project management consulting firm can be cost effective because on the average, you are not expected to acquire expensive machines and equipment.

What you should be concerned about is the amount needed to secure a standard office facility in a good and busy business district, the amount needed to furnish and equip the office, the amount needed to pay bills, purchase relevant software apps, promote the business and obtain the appropriate business license and certifications.

These are the area we are looking towards spending our startup capital;

  • The total fee for incorporating the business in the United States of America – $750
  • The budget for basic insurance policy covers, permits and business license – $2,500
  • The amount needed to acquire a suitable Office facility in a business district for 6 months (Re – Construction of the facility inclusive) – $40,000
  • The cost for equipping the office (computers, software applications, printers, fax machines, furniture, telephones, filing cabins, safety gadgets and electronics et al) – $5,000
  • The cost for purchase of the required software applications (CRM software, recruitment software and Payroll software et al) – $10,500
  • The cost of launching our official Website – $600
  • Budget for paying at least three employees for 3 months plus utility bills – $10,000
  • Additional Expenditure (Business cards, Signage, Adverts and Promotions et al) – $2,500
  • Miscellaneous: $1,000

Going by the report from the research and feasibility studies, we will need about $150,000 to set up a small scale but standard project management consulting business in the United States of America.

Generating Startup Capital for GT Clarkson & Co® Project Management Consulting, LLP

GT Clarkson & Co® Project Management Consulting, LLP is a business that will be owned and managed by Gerald T Clarkson and other business partners. They are the financier of the firm, but may likely welcome partners later which is why they decided to restrict the sourcing of the startup capital for the business to just three major sources.

  • Generate part of the startup capital from personal savings
  • Source for soft loans from family members and friends
  • Apply for loan from the bank

N.B: We have been able to generate about $50,000 (Personal savings $40,000 and soft loan from family members $10,000) and we are at the final stages of obtaining a loan facility of $100,000 from our bank. All the papers and documents have been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

14. Sustainability and Expansion Strategy

The future of a business lies in the number of loyal customers that they have, the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business, then it won’t be too long before the business closes shop.

One of our major goals of starting GT Clarkson & Co® Project Management Consulting, LLP is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.

We know that one of the ways of gaining approval and winning customers over is to offer nothing short of excellent and result oriented services.

GT Clarkson & Co® Project Management Consulting, LLP will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of ten years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List/Milestone

  • Business Name Availability Check: Completed
  • Business Incorporation: Completed
  • Opening of Corporate Bank Accounts various banks in the United States: Completed
  • Opening Online Payment Platforms: Completed
  • Application and Obtaining Tax Payer’s ID: In Progress
  • Application for business license and permit: Completed
  • Purchase of all forms of Insurance for the Business: Completed
  • Conducting Feasibility Studies: Completed
  • Generating part of the startup capital from the founder: Completed
  • Applications for Loan from our Bankers: In Progress
  • Writing of Business Plan: Completed
  • Drafting of Employee’s Handbook: Completed
  • Drafting of Contract Documents: In Progress
  • Design of The Company’s Logo: Completed
  • Graphic Designs and Printing of Promotional Materials: Completed
  • Recruitment of employees: In Progress
  • Purchase of the needed furniture, office equipment, electronic appliances and facility facelift: In progress
  • Creating Official Website for the Company: In Progress
  • Creating Awareness for the business (Business PR): In Progress
  • Health and Safety and Fire Safety Arrangement: In Progress
  • Establishing business relationship with key players in the industry: In Progress

Related Posts:

  • Business Incubator Business Plan [Sample Template]
  • BPO Company Business Plan [Sample Template]
  • HR Recruitment Consultant Business Plan [Sample Template]
  • Corporate Image Consulting Business Plan [Sample Template]
  • Modeling Agency Business Plan [Sample Template]
  • Lead Generation Business Plan [Sample Template]
  • Translation Agency Business Plan [Sample Template]

Featured Content

" "

Cost Management

" "

Artificial Intelligence

Meet BCG X banner

BCG X Product Library

Subscribe to receive bcg insights on the most pressing issues facing international business..

" "

International Trade

/ update, these four chokepoints are threatening global trade.

Right now, more than 50% of global maritime trade is at threat of disruption in four key areas of the world.

While the conflict in the Red Sea has been high in the news agenda, there are three other maritime passageways that risk becoming chokepoints due to either geopolitical or environmental factors.

management consultancy business plan

1. The Suez Canal and Bab El-Mandeb Strait.

The Suez Canal, which connects the Red Sea to the Mediterranean, normally accounts for about 12% of global maritime trade.

  • Since the start of Houthi attacks on international shipping in late 2023, some 470 container vessels have already been re-routed. Sending ships around the Cape of Good Hope adds between 9 and 17 days of transit time.

2. The Strait of Hormuz.

This strait, between Iran to the north and UAE and Oman to the south, is significant for both energy and goods shipping.

  • Some 20%—30% of oil trade passes through this strait, and a significant amount of global shipping volumes.

If Iran were to be drawn more directly into the ongoing conflict in the Middle East, the free passage of vessels through the strait could be at risk.

3. The Straits of Malaca and Taiwan.

The Strait of Malaca, between Singapore, Malaysia and Indonesia, is the shortest shipping route between East Asia and the Middle East and Europe and accounts for 30% of global trade.

  • Two-thirds of China’s trade passes through the strait of Malacca each year, including 80% of its energy imports.

There is an ongoing dispute between China and several members of the ASEAN trade area over a large area in the South China sea.

  • Also in the region, the strait of Taiwan is another important shipping lane—40% of the world’s container fleet pass through it.

Both trade routes are subject to heightened geopolitical uncertainty.

4. The Panama Canal.

The canal, which links the Atlantic Ocean and the Pacific Ocean, accounts for 5% of total global container trade, and some 46% of the trade from the US East Coast to East Asia.

It is facing a severe drought due to the El Niño weather phenomenon.

The authority that manages the canal has responded to low water levels by temporarily reducing both the number of transits and ensuring the weight of the cargo is suitable.

The So What

“These geopolitical risks could turn into a physical impossibility of moving goods to certain destinations. In the short term it will extend lead times on goods. In the longer term, it is likely to make firms seek shorter supply chains because of the risk and higher capital costs associated with maritime transport,” says Michael McAdoo , a BCG partner and director, and one of the authors of BCG’s Future of Trade report.

“The financial impact is likely to impact producers most as they adapt their routes to market. But, as with almost any disruption, there are also opportunities, especially for freight companies to bring new solutions,” says Peter Jameson , a BCG managing director and partner who specializes in shipping.

  • Diversify shipping routes , and transport choices. Shippers should proactively work with their logistics providers to build new solutions. Options to consider include alternative shipping routes through the Arctic, combining ship and air (for example by shipping to Dubai and then flying to Europe), or using rail for parts of the journey to avoid choke points.
  • Escort vessels. The use of military or private escorts could be considered to protect ships carrying cargo. Some governments will have a strong national interest in protecting both trade and/or their national shipping companies.
  • Prioritize advanced communications. Leveraging advanced technologies, especially artificial intelligence, is key for proactive risk management, allowing for the anticipation of disruptions and rapid response. Ships should become even more connected to each other, sharing locations and observations. Customers will also benefit from real-time updates on the progress of cargo.
  • Build inventories and storage. Companies need to plan for resilience, and may need to update or expand infrastructure, including port capacity or storage facilities. Reassessing the design and capacity of warehouses, for example, could help create a hedge around potential disruptions. As happened at the height of the COVID pandemic, companies and governments will need to assess their strategic priorities.
  • Step up contingency planning. Companies should examine how different bottlenecks may emerge or could be alleviated, and pinpoint specific areas where they are structurally exposed. Digital twins and modelling can help here. They can also look for existing points of redundancy in existing supply chains to free up capacity. Strengthening financial strategies, including comprehensive insurance and prudent financial planning is also vital to safeguard against the economic setbacks of unexpected logistical challenges. Pricing strategies may also need to be reconsidered in order to protect margins.

ABOUT BOSTON CONSULTING GROUP

Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact.

Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place.

© Boston Consulting Group 2024. All rights reserved.

For information or permission to reprint, please contact BCG at [email protected] . To find the latest BCG content and register to receive e-alerts on this topic or others, please visit bcg.com . Follow Boston Consulting Group on Facebook and X (formerly Twitter) .

Related Content

What’s Next

Read more insights from BCG’s teams of experts.

" "

Right Now from BCG

Newsletter: Expert Analysis of Topics in the News

" "

Jobs, National Security, and the Future of Trade

As global trade patterns change due to disruption, regional trade blocs with protectionist leanings gain influence.

" "

Harnessing the Tectonic Shifts in Global Manufacturing

Trade disruptions have prompted many global companies to shift where they produce and source goods. But getting the desired results requires a difficult balancing act.

" "

Supply Chain Management

BCG helps organizations focus on building resilience and sustainability into their supply chains to mitigate disruptions and trade instability. We also help maximize the return on these critical investments.

Development

management consultancy business plan

Related documents

(CORRAL) Program - Readiness Resource Group

Add this document to collection(s)

You can add this document to your study collection(s)

Add this document to saved

You can add this document to your saved list

Suggest us how to improve StudyLib

(For complaints, use another form )

Input it if you want to receive answer

Intelligent insights & conversations with global power industry professionals

management consultancy business plan

The Energy Collective Group

This group brings together the best thinkers on energy and climate. Join us for smart, insightful posts and conversations about where the energy industry is and where it is going.

X-Energy Signs on to DOE ARDP for $80M in Initial Funding

Dan Yurman's picture

Publisher of NeutronBytes, a blog about nuclear energy online since 2007.  Consultant and project manager for technology innovation processes and new product / program development for commercial...

  • Member since 2018
  • 1,682 items added with 1,391,300 views
  • Comment (3)
  • Mar 7, 2021 Mar 7, 2021 6:34 pm GMT

X-Energy Signs on for ARDP and $80M in Initial Funding

  • China  Five-Year-Plan Includes Proposals For Up to 20 New Reactors

China Commits to the ACP100 Small Modular Reactor

Tvel / russian company starts fuel facility for china’s cfr-600 fast neutron reactor, dutch consortium plans work on molten salt reactors, swedish companies seek financial support for lead cooled smr development.

The advanced nuclear energy reactor developer  X-Energy  announced this week that it has signed the Department of Energy’s (DOE)  Advanced Reactor Demonstration Program  (ARDP) Cooperative Agreement, officially marking the beginning of the company’s participation in ARDP’s ~$2.5 billion program.

DOE is providing $80M in the first phase of the cost shared funding plan. DOE will invest approximately $1.23 billion in X-energy’s project over the seven-year period for this demonstration project.

X-Energy Technical Profile

X-Energy Xe-100 Profile: Chart: IAEA

This project will enable X-energy to build the world’s first commercial scale advanced nuclear reactor with Energy Northwest at a site in Washington state.

conceptual image X-Energy Design

The Xe-100 is an 80 MWe (scalable to a 320 MWe four-pack) high temperature gas-cooled reactor (HTGR).  (Image right is a conceptual view of the design. Image: X-Energy)

It uses TRi-structural ISOtropic particle fuel (TRISO),  manufactured by X-energy , that can integrate into large, regional electricity systems as a base and load-following source of carbon-free power.

According to X-Energy the reactor as designed is expected to optimize grid use of low-emission, intermittent renewables and other clean energy resources.

The reactor is also ideal for project sites and other power applications, including as a source for industrial process heat.

As part of the Advanced Reactor Demonstration Program, X-energy and its supply chain partners will deliver a commercial four-unit nuclear power plant of its Xe-100 reactor design and a commercial scale TRISO fuel fabrication facility.

About the ARDP Program

ARDP is designed to help domestic private industry demonstrate advanced nuclear reactors in the United States. DOE expects to invest approximately $600 million over seven years with industry partners providing at least 20% in matching funds.

The Department of Energy ARDP program has three elements.

  • Advanced reactor demonstrations, which are expected to result in a fully functional advanced nuclear reactor within 7 years of the award.
  • Risk reduction for future demonstrations, which will support up to five additional teams resolving technical, operational, and regulatory challenges to prepare for future demonstration opportunities.
  • Advanced reactor concepts 2020 (ARC 20), which will support innovative and diverse designs with potential to commercialize in the mid-2030s.

NRIC image

The National Reactor Innovation Center (NRIC) accelerates the demonstration and deployment of advanced nuclear energy. NRIC is is a national Department of Energy program led by Idaho National Laboratory, working with collaborators to demonstrate advanced reactors by the end of 2025.

Risk Reduction for Future Demonstration Projects

Last October DOE awarded TerraPower LLC (Bellevue, WA) and X-energy (Rockville, MD) $80 million each in initial funding to build two advanced nuclear reactors that can be operational within seven years.

See prior coverage on this blog  –  DOE Awards $80M each to TerraPower, X-Energy for ARDP

The awards are cost-shared partnerships with industry that will deliver two first-of-a-kind advanced reactors to be licensed for commercial operations. The Department will invest a total of $3.2 billion over seven years, subject to the availability of future appropriations. The firms participating in the project will be providing matching funds.

TerraPower Role in ARDP

TerraPower , which is the other firm receiving the DOE funding, will demonstrate the Natrium reactor, a sodium cooled fast reactor that leverages of decades of development and design undertaken by TerraPower and its partner, GE Hitachi.

GE Hitachi will be leveraging the design work it has done on the  PRISM reactor  which in turn has its legacy in the design of the  Integral Fast Reactor  at the Argonne West site in Idaho.

The high-operating temperature of the Natrium reactor, coupled with thermal energy storage, will allow the plant to provide flexible electricity output that complements variable renewable generation such as wind a solar. In addition, this project will establish a new metal fuel fabrication facility that is scaled to meet the needs of this demonstration program.

DOE said that both projects incorporate a range of design features that will not only enhance safety, but make them affordable to construct and operate, paving the way for the United States to deploy highly competitive advanced reactors domestically and globally.

China / Five-Year-Plan Includes Proposals For Up to 20 New Reactors

( Nucnet )  China is backing the further development of commercial nuclear power as a key tool in its drive to cut carbon emissions, according to the 2021-2025 five-year plan presented on Friday to China’s annual National People’s Congress.

Beijing said it aims to have 70 GW of installed nuclear capacity by 2025 from about 50 GW at the end of 2019. That would equate to about 20 new reactors, 2021-2025, although China already has 12 under construction.

China originally aimed to bring its nuclear installed capacity to 58 GW by 2020, but didn’t meet the target following a moratorium on new projects following the March 2011 Fukushima-Daiichi accident and delays at a number of Generation III plants that were under construction.

According to the  World Nuclear Association January 2021 assessment  of China’s nuclear energy program, these are the project ( Table ) which are getting underway in the near term.

china new nuclear march 2021

According to several reports by World Nuclear New, two demonstration multi-purpose modular ACP100 ‘Linglong One’ units will be built at Changjiang. This will be China Guodian’s first mainland domestic nuclear power venture, with CNNC holding 51% of CNNC New Energy Corporation (CNNC-CNEC).

The ACP100 units are integral PWRs, 125 MWe, with passive cooling for decay heat removal. CNNC said that the units could provide electricity, heat and desalination. Construction time is expected to be 65 months.

The ACP100 was identified as a ‘key project’ in China’s 12th Five-Year Plan, and is developed from the larger ACP1000 PWR. The design, which has 57 fuel assemblies and integral steam generators, incorporates passive safety features and will be installed underground.  

ACP100 Technical Profile

ACP100 Technical Profile – Chart: IAEA

In 2016, China announced plans to build a demonstration floating nuclear power plant based on the ACP100S variant of the CNNC design. The use of the floating SMRs is targeted at providing power to artificial islands in the South China Sea for military bases there intended to project geopolitical influence in the region.

See prior coverage on this blog  —  China to deploy floating nuclear power plants to support geopolitical goals in S. E. Asia

The new mainland project involves a joint venture of three companies for the demonstration plant: CNNC as owner and operator, the Nuclear Power Institute of China as the reactor designer and China Nuclear Engineering Group being responsible for plan. Construction is expected to take 65 months, with the 125 MWe unit to start up by May 2025, subject to relevant governmental approvals.

China Slated to Become World Leader in Commercial Nuclear Power

China will have the world’s largest nuclear power fleet within a decade, an International Energy Agency official said during a session at the High-Level Workshop on Nuclear Power in Clean Energy Transitions according to  World Nuclear News  . The workshop was held jointly by the IEA and the International Atomic Energy Agency.

The IEA official, Brent Wanner, head of Power Sector Modelling & Analysis for the agency’s World Energy Outlook publication, said that as nuclear fleets in the United States, Canada, and Japan reach their original design lifetimes, the contribution of nuclear power could decline substantially in those countries while China’s reactor building program will boost it into first place.

china nuclear plants map WNN

   Map of Current and Planned Nuclear Power Plants in China. Ma: World Nuclear Assoc

China already has 50 nuclear reactors in commercial operation, the third highest number behind the US (94) and France (56). In 2019, nuclear energy accounted for 4.9% of the country’s electricity production share, according to the International Atomic Energy Agency.

( Nucnet ) Russian nuclear fuel manufacturer Tvel has started a production facility which will fabricate fuel for China’s  CFR-600  fast neutron reactor under construction under construction in Xiapu County, Fujian province, China, on  Changbiao Island , a coastal site 650 km south of Shanghai.. It is a generation IV demonstration project by the China National Nuclear Corporation (CNNC). The project is also known as Xiapu fast reactor pilot project.

Tvel said in a statement that the facility is part of the Elemash Machine-Building Plant, a Tvel plant in Elektrostal, near Moscow.

The CFR-600 is a 600-MW sodium-cooled pool-type fast reactor and is expected to begin commercial operation by 2023. The plant will be able to operate on both mixed oxide (MOX) and uranium dioxide (UO2) fuel types. It is expected to have a design life of 60 years.

Tvel said the new production facility in Elektrostal is a result of a contract signed as a part of a 2018 nuclear cooperation deal between Russia and China, which included the joint construction and operation of the CFR-600 plant.

According to Tvel, the fuel contract covers initial loading of nuclear fuel into the CFR-600 and a number of subsequent refuels covering the first seven years of the unit’s operation. It isn’t clear what the duration is for each fuel cycle.

Tvel said the new fuel fabrication facility will be used to produce fuel not only for the Chinese CFR-600 and CEFR fast reactors, but also for the Russian BN-600 fast reactor at the Beloyarsk nuclear power station.

See prior coverage on this blog  —  Russia’s BN-800 Reactor Enters Commercial Operation

Profile of the CFR600

The CFR600 (China Fast Reactor-600) nuclear reactor pilot project represents the second step in fast reactor development in China following the success of the  China Experimental Fast Reactor  (CEFR), which was connected to the grid in July 2010.

Designed by China Institute of Atomic Energy, the CFR600 is a prototype sodium-cooled pool-type fast reactor capable of generating 1,500MW of thermal power and 600MW of electric power. The reactor design aims at achieving a thermal efficiency of 40%. The medium-sized fourth-generation advanced nuclear reactor will feature two coolant loops and is designed to operate at 380°C and 550°C of inlet and outlet core temperatures, respectively.

Scheduled for commissioning in 2023, the CFR-600 pilot project is  expected to pave the way  for the development and commercialization of much larger CFR-1000 reactors in China by 2030.

The CFR-600 nuclear reactor will also feature design flexibility to use two fuel types. The reactor will be first loaded with uranium oxide (UO2) and then converted to run on mixed oxide (MOX) fuel.

The  Nuclear Research and Consultancy Group  (NRG) in the Netherlands said this month that it had set up a consortium to work on development of  Molten Salt Reactors . The focus of the joint effort will be design and testing of important processes and materials needed to build them. A key emphasis is expected to be on the use of thorium as a fuel type.

440px-IMSR_heat_applications

 Conceptual image of a molten salt reactor:  Image: Wikipedia

Members of the consortium include TU Delft,  DIFFER , and reactor developer Thorizon. According to press releases,  TU Delft  has been involved in  research into the thorium MSR  for a number of years, and NRG in Petten has research facilities including the High Flux (research) Reactor.

The consortium members said they are making plans to have a first of a kind reactor built by 2035. This will be fueled with thorium with the objective of demonstrating the use of this fuel in MSRs.

NRG said said that it will carry out irradiations of materials intended to be used in MSRs. It will also work on testing and qualification of fuels for MSRs.

sunrise logo

This is the second step of three in the development and commercialization of a new type of reactor in Sweden during the 2030s.

The application is based on the project “ Sunrise ” which the Foundation for Strategic Research supported with SEK50 million ($6M) to develop design, material technology and safety analysis for an advanced  lead-cooled research and demonstration reactor . Sunrise includes KTH, Luleå University and Uppsala University. An  detailed workplan , in English, is posted at the project website.

Lead Cooled Reactor Conceptual Image

Conceptual image of a lead cooled reactor; Image:  Gen IV

If funding is available, the next step will be to build an electrically powered non-nuclear prototype for testing and verifying materials and technology in an environment of molten lead at high temperatures. The prototype, which will be operated for five years starting in 2024, is planned to be built on OKG’s area at Simpevarp outside Oskarshamn.

Johan Svenningsson, CEO Uniper Sweden, said in a press statement, “We see a clear role for nuclear power in the energy system of the future, and we therefore invest in developing the nuclear power of the future in collaboration with the company Blykalla, which has patents on design and materials for a small modular reactor with lead cooling and passive safety.”

Nuclear Energy’s Role in Sweden

The path for advanced nuclear reactor technology in Sweden may face some stiff headwinds. In recent years Sweden has shut down four older nuclear reactors which led to the restart of fossil fuel power plants. The country’s political leadership has been ambivalent about challenging the influence of green parties who want to do away with all nuclear energy use in the country.

According to the  World Nuclear Association , Sweden’s nuclear power reactors provide about 40% of its electricity.

The country’s 1997 energy policy allowed 10 reactors to operate longer than envisaged by the 1980 phase-out policy, but also resulted in the premature closure of a two-unit plant (1200 MWe).

Some 1600 MWe was subsequently added in uprates to the remaining ten reactors. In 2015 decisions were made to close four older reactors by 2020, removing 2.7 GWe. Nuclear power plants are heavily taxed by the government despite their role in abating further releases of greenhouse gases.

  • nuclear-generation

Discussions

Sign in to participate.

Matt Chester's picture

What would be the unique proposition of lead cooled SMRs as opposed to the ones already in development? 

  • Sign in or Register to post comments

Nathan Wilson's picture

Lead is normally proposed as a coolant for "fast reactors".  Like sodium cooled fast reactors (e.g. CFR-600 or Natrium/GE Prism), they can be used to efficiently consume plutonium removed from dismantled weapons or plutonium and other trans-uranics from spent nuclear fuel from other reactors.

Fast reactors (at least in larger sizes) can usual operate as breeders, or near break-even.  That means that they are so fuel efficient, that they can provide inexhaustible clean energy from Earth's enormous uranium reserves (even low-grade ores, which would not be cost effective for LWRs).

Lead-cooled reactors may* have an advantage over sodium-cooled types since the boiling point of lead is higher than that of sodium, which means that they should be able to operate at a higher temperature.  Specifically, they should be able to match the operating temperature of a coal-fired power plant; so coal-to-nuclear plant conversions could be feasible.  The higher temperature may also enable lead-cooled reactors to use passive cooling at higher power levels than sodium-cooled units.  (*lead-coolant also involves greater challenges managing corrosion, however).

That ACP100 Chinese SMR is also big news.  125 MW is too small for the gargantuan 2000 GW Chinese power grid; that reactor is designed for export.

If anyone can make SMRs cheap, it's the Chinese.

  • Westinghouse Wins a Deal to Build Four AP300s in UK
  • OpenAI CEO Altman Says Future of AI Depends on an Energy Breakthrough
  • Holtec Optimistic on DOE $1.5 Billion Loan to Reopen Palisades
  • GEH BWRX300 Gaining Traction in UK SMR Market

Get Published - Build a Following

The Energy Central Power Industry Network® is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.

If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

Start a Post »                  Learn more about posting on Energy Central »

  • Start a Post

Director of Customer Experience Long Island Power Authority Uniondale, New York

Finance and Treasury Analyst Long Island Power Authority Uniondale, New York

Director of Budget Long Island Power Authority Uniondale, New York

Chief Operations Officer New Braunfels Utilities New Braunfels, Texas

Electrical Project Engineer (Power Distribution) Sandhills Utility Services Fort Liberty, North Carolina

Power Systems Technical Coordinator Chelan Public Utility District Wenatchee, Washington

Substation Operations Manager City of Lakeland Lakeland, Florida

Electric Utility Engineering and Operations Manager – Electric & Gas Utility City of Tallahassee Tallahassee, Florida

Telecommunications Engineer I-III (DOQ) Snohomish County PUD Everett, Washington

Power Systems Technical Coordinator Chelan County PUD Wenatchee, Washington

Sponsors & Partners

EnergyCentralJobs

IMAGES

  1. 32+ Free Business Plan Templates

    management consultancy business plan

  2. Management Consulting Business Plan Sample

    management consultancy business plan

  3. Engineering Consulting Business Plan

    management consultancy business plan

  4. Consultancy Business Plan Template

    management consultancy business plan

  5. 8+ Management Consulting Business Plan Examples

    management consultancy business plan

  6. FREE 8+ Consultant Business Plan Samples in PDF

    management consultancy business plan

VIDEO

  1. What is Business Management

  2. Can a Management Consultancy Company advertise its services?

  3. Business Management

  4. faculty management company dubai #flight #visa #dubai #uae #internationalflight #abroad #motivation

  5. Small Businesses benefit from Management Training

  6. 👉Business Management Consultancy👈

COMMENTS

  1. Consulting Business Plan: Complete Consultant Template & PDF

    1. Consulting Business Plan Executive Summary 2. Consulting Business Plan Service Description 3. Consultancy Business Plan Target Market and Buyer Persona 4. Marketing for Consulting Firms 5. Consulting Business Plan Financials 6. Consultant Business Plan Conclusion Start Your Consulting Business Consulting Business Plan Template

  2. Consulting Business Plan Template [Updated 2024]

    It can be used to create a business consulting business plan, a management consulting business plan or any other type of consultancy business plan. Download our Ultimate Consulting Business Plan Template here > What Is a Consulting Firm Business Plan?

  3. How To Write a Consultant Business Plan (+Templates)

    Oct 30, 2023 12 min read When launching your consulting business, one of the essential first steps is crafting a well-structured and detailed business plan. Your consulting business plan is like a strategic playbook that lays out your goals, tactics and financial projections.

  4. Management Consulting Business Plan Example

    Achieve a client mix of 60% small business/30% entrepreneurial/10% individual per year. Move into small office space by the end of the first year. The company will provide its professional development services in the most effective manner and with an ongoing comprehensive quality-control program to provide 100% client satisfaction.

  5. How to Write a Consulting Business Plan + Free Template

    Key Elements of a Management Consulting Business Plan Executive Summary Company Overview Competitor and Market Analysis Service Offerings Marketing Plan Management Consulting Team Operational Plan Financial Outlook

  6. Consulting Business Plan Template (2024)

    Consulting Business Plan If you need a business plan for your consulting business, you've come to the right place. Our consulting business plan template below has been used by countless entrepreneurs and business owners to create business plans to start or grow their consulting businesses.

  7. Management Consulting Business Plan

    The answer is the management consulting business plan — and here are the steps to execute one effectively. Get new clients and repeat business with all the tools and marketing advice you need, all in one place. Start a Free Trial of Constant Contact for Consulting Services What is a business plan?

  8. Write a Consulting Business Plan

    Guide How to write a consulting business plan If you want to work as a consultant, you'll need a plan. Here's how to create one just for you. Consultants do things differently If you're a self-employed consultant your work isn't like other forms of business. Unlike retailers or manufacturers, you're not making and/or selling tangible products.

  9. Free Consultant Business Plan Template

    A consulting business plan is a document illustrating how you plan to start or grow your consulting agency. The key components include an overview of the business, team, industry, competitors, target customers, and a plan for the operations and marketing. Business Overview

  10. Business Consulting Business Plan Example

    1.1 Objectives The objectives for Growth Management and Strategies are: Gain access to an SBA loan upon start up. Grow the company from 2 employees in Year 1, to over 10 by Year 5. Increase revenue to over $3 million by Year 3. Increase client base by 450% in three years. Maintain job costing that keeps margins above 70%. 1.2 Mission

  11. How to write a business plan for a management consulting firm?

    Why write a business plan for a management consulting firm? What information is needed to create a business plan for a management consulting firm? How do I build a financial forecast for a management consulting firm? The written part of a management consulting firm business plan

  12. Business Plan Template for Management Consultants

    ClickUp's Business Plan Template for Management Consultants is the perfect tool to help you create a comprehensive and effective business plan. Here are the main elements of this template: Custom Statuses: Easily track the progress of each section of your business plan with statuses like Complete, In Progress, Needs Revision, and To Do.

  13. How To Start A Consulting Business In 2024

    1. Outline Your Plan 2. Register Your Consulting Business 3. Determine Services and Pricing 4. Build Your Website 5. Market Your Consulting Business Frequently Asked Questions Show more...

  14. 8 Free Consulting Templates

    8 Free Consulting Templates Download Now Access 8 templates for consultants in The Complete Consultant's Success Kit. Download Now for Free In this Consulting Kit, you'll get these 8 templates: Management Consulting Plan Template Business Plan Template Marketing Plan Template Sales Plan Template New Client Onboarding Checklist

  15. 8+ Management Consulting Business Plan Examples

    To understand more, let us dissect each of the major words accordingly: management, consultation, business plan.Management is the process of dealing, handling, and or controlling things or people. So for example, you have a team of 5 persons in your company.

  16. Management Consulting Toolkit

    Launch a consulting practice and excel as a Management Consultant with our 5-phase approach: (I) Create a business plan for your consulting practice, (II) Create your consulting proposal and legal agreements, (III) Identify your client's problem, (IV) Find a solution using world-class frameworks & Tools, (V) Present effectively. (I) Create a business plan for your consulting practice: (1 ...

  17. HR Consulting Business Plan Template

    Traditionally, a marketing plan includes the four P's: Product, Price, Place, and Promotion. For an human resource consulting business, your marketing plan should include the following: Product: In the product section, you should reiterate the type of HR consulting company that you documented in your Company Analysis.

  18. How To Write the Management Section of a Business Plan

    Key Takeaways. The management section of a business plan helps show how your management team and company are structured. The first section shows the ownership structure, which might be a sole proprietorship, partnership, or corporation. The internal management section shows the department heads, including sales, marketing, administration, and ...

  19. Project Management Consulting Business Plan [Sample Template]

    1. Industry Overview Project management consulting is a niche idea in the Management Consulting industry and management consultants advise businesses, nonprofits and public-sector agencies in the following areas: organizational design, human resources, corporate strategy, information technology strategy, marketing and sales, finances and logistics.

  20. Business Strategy and Digital Transformation Solutions

    StrategyAccelerator™: Where Strategy Meets Execution. Developed by our MonitorDeloitte Strategy practice, StrategyAccelerator is a transformation management solution that drives collaboration, transparency, and accountability from ideation through realization. The solution combines Deloitte's proprietary strategy methodologies with a leading strategic execution and program management ...

  21. TSB, MKU Company Profile

    Industry: Accounting, Tax Preparation, Bookkeeping, and Payroll Services , Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services , Management, Scientific, and Technical Consulting Services , Accounting, auditing, and bookkeeping, Data processing and preparation See All Industries Management consulting services See Fewer Industries

  22. These Four Chokepoints Are Threatening Global Trade

    Boston Consulting Group is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, sexual orientation, gender identity / expression, national origin, protected veteran status, or any other characteristic protected under federal, state or local law, where applicable, and those with criminal histories ...

  23. Development

    Conceptual development: RRG. Usable space lease: RRG Brokerage. Tenantry management and technical maintenance: RRG Property Management. Hospitality and business center "Okhotnik", Moscow In 2008 the re-conception and redevelopment of office and retail-service premises at the basement and first-floor levels was done.

  24. X-Energy Signs on to DOE ARDP for $80M in Initial Funding

    Risk Reduction for Future Demonstration Projects. Last October DOE awarded TerraPower LLC (Bellevue, WA) and X-energy (Rockville, MD) $80 million each in initial funding to build two advanced nuclear reactors that can be operational within seven years. See prior coverage on this blog - DOE Awards $80M each to TerraPower, X-Energy for ARDP.

  25. BUKHSERVIS, OOO Company Profile

    Industry: Accounting, Tax Preparation, Bookkeeping, and Payroll Services , Management, Scientific, and Technical Consulting Services , Professional, Scientific, and Technical Services , Accounting services, except auditing, Auditing services See All Industries, Management consulting services Banking and finance consultant See Fewer Industries