7 Step Business Plan for SBA Funding


Business Plan for Computer Consultants



Quotable

"O brave new world, that has such people in it."
Shakespeare, "The Tempest"
 

 
BUSINESS PLAN FOR COMPUTER CONSULTANTS

A business plan for computer consultants could be focused on services from high school students, or from Ph.D. pros establishing international communications networks.  Or both.  Or somewhere in between. 

KEY CONSIDERATION

Choose your target clientele very carefully.  Then document the dickens out of it.  There are tens of thousands of "computer consultants" out there.  Distinguish and define your business to set yourself apart from the others.  

STRONGEST ADVANTAGE

This is one of the very major growth areas in business over the next few decades.  Position yourself right here, and you are destined for a very lucrative career.  The key is to really define that market.  Are you going after the home market?  the small business market?  large company projects?  government projects?  projects based on a specific technology?  Because there is so much that you could go after, finding your niche shouldn't be difficult.

STRONGEST DISADVANTAGE

Few finance people understand the implications of the business that you are entering.  Don't assume that, because your business has the word "computer" in it, you are guaranteed funding.  You've got a better crack at it than most.  But you still need a strong, clear presentation to get someone to write that check.

OVERCOMING THE DISADVANTAGES WITH YOUR BUSINESS PLAN FOR COMPUTER CONSULTANTS

Prove that you have been successful in your business.

Proving your qualifications is more important here than in many business areas.  Detail your educations, your training, your job assignments that pertain to this business.  List awards you have won, articles you have authored, commendations you have received.

In short, picture yourself as the outstanding success that you are.  This is not a time to be modest.  You've earned the respect of the industry, so show it off.

And, as a guru already, there are probably already consulting projects that you have taken on, perhaps even completed.  The more real accomplishment you can demonstrate before ever talking with a finance person, the better off you are.  Make your business plan for computer consultants work to show off your talent.

Being The Pro for the Job is what Makes It Work

Don't go after the international jobs unless you are truly qualified.  And conversely, don't limit yourself to local "home computer" jobs if you are qualified for better assignments. 

Fit your qualifications to the type of business you are looking to fund.  

There is one exception:  If you are on the far end of your career, take your skills and use them to create a small business computer consulting business.  Lots and lots of small businesses will appreciate your years of experience.

HOW MUCH FUNDING WILL YOUR BUSINESS PLAN FOR COMPUTER CONSULTANTS NEED?

Look back up at the top of the page.  What kind of business do you really want?  A one person business?  A hundred person business?  The hundred person business won't necessarily make you richer than the one person business.  It is all a matter of choice.

Then, as with any business, sit down and run the numbers.

FOR ADDITIONAL INFORMATION FOR YOUR BUSINESS PLAN FOR COMPUTER CONSULTANTS AND YOUR MARKETING PLAN FOR COMPUTER CONSULTANTS

There are two types of statistical information on your computer consulting marketing plan that you will need.  One is for the computer consultant industry itself, and one is for the type of industry or area that you are focusing on.  

For statistical information go to BizMiner.  

At the home page, look for the Search Box for "Industry Search".  Key in "computer consultant". 

You will be taken to a page where you order both a Financial Analysis and Marketing Research Report on the Computer Consultant Industry.  It is important to know what this data says because it is compiled from over 1500 firms, and it is exactly what your banker/lender will be reading.

If your business plan for computer consultants is to focus on a particular industry group, such as the food industry or petroleum industry, it is important to evaluate stats on that industry as well.  In the "Industry Search" box, key in the name of the industry you will be working in.

Or, for information on a particular geographical area, look in the left hand column for "Area Demographics".  If your geographical area is listed here, you are home free.  If it isn't, then a trip to your local Country Planning Department is your best bet.

YOUR LIKELY LENDER/INVESTOR

The SBA is your best bet for smaller businesses.  Larger businesses might look to  venture lending.

If yours is a unique approach with new technology, look to angel investors to get started.

ONE STEP FURTHER IN YOUR BUSINESS PLAN FOR COMPUTER CONSULTANTS

For under $50, get a 100-plus-page outline of a business plan with all financials and sections you need:

A template that is ready to go, in a format that is easy to use.  The template is in MS Word and MS Excel -- it doesn't get any easier!

Click on book cover for more information.

THE LAST WORD ON YOUR BUSINESS PLAN FOR COMPUTER CONSULTING

With the skills that you have, the world is your oyster.  Go after it.  Target your market.  Back it up with stats, and your financing will be there.

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C.J. Ralph,
Service Business Specialist

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