Why should I choose Salasar IT Technology Solution (SITIS) to outsource accounting services?

Why Start an Accounting Firm?

In case you didn’t know, there are loads of small businesses, mom and pop businesses, amongst a few without the faintest idea of any accounting skills. These businesses struggle with their books and accounting concerns a lot. Research shows that one of the reasons why many small businesses remain small and sometimes close shop is not because they don’t have clients or capital to run the business but because they fail to keep their books properly. If you are an accountant, then you can leverage on this read to start your own accounting services firm.

You can be rest assured that your services would always be in demand not only by small businesses that can’t afford to hire a full-time accountant but also medium scale and big corporation especially for auditing purpose and other accounting consulting services. They know that it would save them cost and the good thing is that you can handle up to 20 clients per time depending on how organized and hardworking you are.

Just like most business, the accounting services industry is pretty open for as many people that are interested in the industry as long as you have what it takes to run an accounting services firm. Even if you don’t have the finance and other requirements for starting a standard accounting services firm, you can come into the industry by starting – out as a small accounting firm servicing mom and pop businesses in your neighborhood.

If you have decided to start an accounting services firm, then you must make sure that you carry out thorough feasibility studies and also market survey. This will enable you properly locate the business in a community or city with the right demography; a location that can readily accept your products. Business plan is yet another very important business document that you should not take for granted in the bid to launching your own business.

Below is a sample accounting services firm business plan template that will help you successfully launch your own business;

A Sample Accounting Firm Business Plan Template

 

Industry Overview

Firms in the Accounting Services industry are certified to audit the accounting records of public and private organizations and to demonstrate compliance to generally accept accounting best practices in the United States and perhaps in the world.

Certified public accountants (CPAs), included in this industry, provide a variety of accounting services, including auditing accounting records, designing accounting systems, preparing financial statements, developing budgets and providing advice on matters related to accounting.

Accounting services firms are known to offer a wide array of services, which includes audit and assurance services, tax preparation and compliance work, consulting assistance, restructuring and other accounting-related services.

Over the last half – a – decade, the Accounting Services industry has recovered from a post – recessionary decline in demand caused by a falling number of businesses in the United States, weak private investment and shrinking corporate budgets amongst others.

Nevertheless, the revenue generated in this industry has been on the rise since 2012, sustained by economic growth, rising equity markets and of course a growing number of new businesses. The Accounting Services industry has loads of small business operators servicing a wide range of clients ranging from start – ups to well established businesses.

The Accounting Services industry is indeed in a mature stage of its growth. The industry is characterized by growth in line with the overall outlook of the economy, consolidation from the largest players in the industry and wholehearted market acceptance of industry products and services.

The accounting services line of business will continue to be in high demand by business establishment in the United States, most especially as the number of businesses and employees increases. Corporate organizations are also expected to continue to outsource their auditing functions so as to focus their attention on their core area of operations.

The Accounting Services industry is indeed a large industry and pretty much active in countries such as United States of America, United Kingdom, France, Italy, Nigeria, South Africa Japan, China, Germany, and Canada et al. Statistics has it that in the United States of America alone, there are about 92,777 registered and licensed (big, medium scale and small) Accounting Services firm scattered all across the United States responsible for employing about 523,330 people and the industry rakes in a whooping sum of $97 billion annually.

The industry is projected to enjoy 4.4 percent annual growth within 2011 and 2016. The establishments with the lion share of the available market in this industry are DTT, EY, KPMG and PWC. These brands are known all over the world.

A recent report released by IBISWORLD shows that the geographic distribution of establishments in the Accounting Services industry is highly correlated with the overall population distribution in the United States. The report further stated that accounting service providers are predominantly small businesses that focus on serving local and regional markets. Therefore, an increase in the number of individuals that require personal accounting services and businesses that need audit and tax services boosts the need for industry operators.

One thing is certain about starting an accounting services business -if you are able to conduct your market research and feasibility studies, you are more likely not going to struggle to secure clients because there are always mom and pop shops, start – ups and even corporate organization who would want to hire your services.

Lastly, with accounting services business, you can afford to partner with other smaller firms that are into financial related services. You can partner with tax consulting firm, you can partner with auditing firms and you can partner with human resource consulting firms et al. The bottom line is that if you have a robust network and you are well positioned, you can indeed maximize profits with your accounting services firm.

The general contracting business is under the real estate cum construction industry and a general contractor is a manager, and perhaps a tradesman, employed by the client on the advice of the architect, engineer or the architectural technologist or the client him/herself if acting as the manager.

A general contracting company is in charge of the overall coordination of a construction project. It is the norm for a general contracting company to first and foremost assess the project-specific documents (referred to as bid, proposal or tender documents).

If it is a renovation project, a site visit is required to get a better understanding of the project to be carried out. Depending on the project delivery method, the general contracting company will submit a fixed price proposal or bid, cost plus price or an estimate.

The general contracting company considers the cost of home office overhead, general conditions, materials, equipment and logistics as it relates to transporting equipment and manpower to site as well as the cost of labor.

Going forward, the construction industry and real estate industry are expected to continue thriving hence increase in the demand for the services of the contractors. So also, the industry is also expected to benefit from the increase in renovation and new construction activities.

Statistics has it that the General Contractors industry in the United States of America is worth over $49 billion, with an estimated growth rate of 4.5 percent between 2014 and 2019. There are about 54,398 registered and licensed general contracting businesses in the United States and they are responsible for employing about 279,527 people. It is important to state that there are no companies with a dominant market share in this industry.

A recent report published by IBISWorld shows that over the five years to 2019, favorable lending rates, improved per capita disposable income and record corporate profit levels have helped bolster construction activity across several sectors, increasing demand for industry services.

The report reveals that housing stats are expected to increase at an annualized 6.2 percent over the five years to 2019. Conversely, unemployment is expected to fall at an annualized 10.7 percent during the same period, boosting the need for new office, industrial and manufacturing space.

The general contractors’ industry will keep on thriving in the coming decade especially if the contractor is committed to providing reliable and quality work its customers. The market is highly unsaturated and there is room for growth as the industry is expanding and maturing.

The good news for would-be entrepreneurs is that there is an estimate of continued annual growth for the general contractor services industry for as high as 20 percent. The general contractor industry is very open to any aspiring entrepreneur who has acquired the required trainings, skills and perhaps professional certifications to start his or her own business.

 

Top Ways in Which US Accounting Firms Can Reap the Benefits Offered by Indian Outsourcers

Outsourcing is nothing new, and today more and more companies are choosing to outsource their accounting requirements to a third-party service provider. Apart from the economic benefits of accounting outsourcing, service providers offer clients with a gamut of other benefits and leave them with ample time to focus on their core competencies. So why hire account outsourcing firms from India? Read on to find how US accounting firms can benefit by outsourcing accounting services to India -

 

Enjoy Cost Benefits

This is one of the major factors which drive accounting firms in USA to outsource their accounting services to India. The pay of skilled workforce is much cheaper in India when compared to other countries across the globe. Even though the cost is less, there is no compromise on the quality of the work that is delivered.

Employ Talented Workforce

India has one of the largest and most talented pools of resources who can cater to any type of client's needs. Accounting professionals here have the skills and experience to handle even the most critical projects for clients from different verticals and parts of the world. Indian resources can add the best possible value to accounting firms in USA.

Take Advantage of Outsourcing-friendly Policies

Accounting outsourcing business is one of the key sources of income for the Indian companies. Hence, India's outsourcing policies encourage overseas companies to outsource accounting services to India and ensure a completely hassle-free experience.

 

Leverage Time Zone Advantage

The Indian time zone is roughly half a day ahead of that of the United States. This difference in the time zone helps US accounting firms to get 24*7 accounting services without any disturbance. If you send in work by end of your day, you can be assured that you will receive the completed work by the next working day.

 

Avail a Bouquet of Finance & Accounting Services

Indian outsourcing firms not only provide expertise in the field of accounting, but they also have the required skills, expertise, and resources to provide the US accounting firms with other financial services. These services include payroll processing, bookkeeping, tax preparation, financial reporting, etc.

 

Employ the Latest Accounting Tools

It must be noted that most of the popular accounting tools being used today in accounting were mostly developed in India. With access to some of the latest accounting tools, Indian service providers can assure you to deliver the best-quality results within a quick turnaround time.

 

Get Access to State-of-the-art Infrastructure

India is one of the fastest developing countries in the world. The outsourcing industry here has state-of-the-art infrastructure which assures high-quality services. Indian companies have access to 100% unrestricted power supplies and high-speed and secure internet connections.

 

Employ Streamlined Processes for Quick and Efficient Services

Indian accounting service providers have several streamlined accounting processes in place and follow International Financial Reporting Standards (IFRS) for all the services they provide. Following the international standards ensures that the service providers deliver only the best-quality accounting services.

 

Benefit from Easily Scalable Outsourcing Models

Indian accounting service providers have the required resources and bandwidth to easily scale up or scale down the services depending on your requirements. They will easily be able to make adjustments to the services as per your needs, which help you save valuable amount of time and money.

 

Enjoy Uncompromised Data Security and Privacy

Accounting service providers in India have the required security policies in place. They also sign confidentiality agreements with the clients before the project starts to ensure that all the client data and other critical financial information is completely safe.

Accounting Outsourcing To India

One of the best Outsourcing Companies

Account Outsourcing

 

 

What measures are in place to ensure data security?

BMC takes data confidentiality, copyright, and privacy very seriously, and ensures that any client related information is not published, distributed, sublicensed, sold or disseminated to third-parties at any cost. Additionally, we make our employees sign confidentiality agreements, service-level agreements, and non-disclosure agreements at the outset of every project to ensure the complete safety of our client’s data. The firm's Financial Data Security Policies are as below:

 

Password

Our password protected logins restrict access to registered users. User passwords are invariably encrypted in the SQL database and a log is maintained of all users accessing the system.

 

Non-disclosure / Confidentiality agreements

All employees sign non-disclosure/confidentiality agreements. Each employee is bound by the agreement and not allowed to share information from engagements with anybody, nor are they allowed to share the information with co-employees unless there is a question related to the preparation of the engagement. Preparers and reviewers are allowed to share information only through their direct supervisors.

 

 

What are the benefits of outsourcing and specifically, use of the firm’s

“Salasar IT Tehnology Solution” division?

As economists are often quick to point out, outsourcing is little more than an extension of the division of labour. As part of the drive towards increased efficiency, it is part of the natural economic process to try to find better, more efficient and less expensive ways of doing things. Outsourcing is just one means used by companies to cut costs and increase efficiency.

 

The service provided by B.M. Chatrath & Co can become the virtual accounting division or personal bookkeeper for a client business and a reliable resource for the firm. Using the latest technologies, BMC helps to develop policies and procedures to streamline the accounting process – this can increase the overall efficiency of the firm’s business operations.

 

 

The advantages include:

Increased availability of qualified personnel, secure online access, faster turnaround times and improved customer satisfaction

Outsourcing bookkeeping and the preparation of tax returns can save at least 60% of the current cost

Reduce the need to increase staffing levels during year end for special pay outs and during peak tax season

The opportunity cost in term of savings can be significant. Outsourcing allows your staff members to concentrate on high end services such as financial, estate or retirement planning.

How does an online bookkeeping service work?

The outsourcing of the bookkeeping function helps with the daily tedious work involved in business processing, including:

Downloading of bank statements and check scans

Updating of transactions in QuickBooks from bank statements

Reconciliation of transactions and payments

Updating of accounts receivable and accounts payable

Updating of payments received through PayPal, bank statements and deposits into checking accounts

Bank statement reconciliation.

 

 

Why should I choose Salasar IT Technology Solution (SITIS) to outsource accounting services?

Outsourcing accounting services to SITIS offers multiple advantages. Key among those are:

 

The COST FACTOR. Costs related to your accounting and tax related work will be reduced by at least 75%

No infrastructural or administrative hassles

Increased productivity and efficiency

Easy access to skilled resources

Less dependency on internal resources

Reduced turnaround time due to the time-zone advantage

BMC have been providing finance and accounting outsourcing solutions to global customers across diverse industries since 2008

Fast turnaround time is the USP of BMC’s accounting services – the firm has the expertise and skills to complete large volumes of work accurately and efficiently within short time frames, depending on the complexity and project size.

What is the pricing structure?

BMC’s accounting and tax preparation services are based on the complexity of the accounting and tax work involved.

 

However, prices are competitive and the firm offers a free trial offer.

 

The firm’s prices are highly competitive and help accounting firms to save at least 60% on their operating direct and overhead costs. BMC’s typical rates per hour or monthly fixed rates depend on a number of factors, including:

 

Project type and complexity

The technology used

Required skill and experience level of accountancy personnel

The terms of the contract.

Charges can be on an hourly or monthly fixed basis:

 

The firm’s prices are highly competitive and help accounting firms to save at least 60% on their operating direct and overhead costs. BMC’s typical rates per hour or monthly fixed rates depend on a number of factors, including:

 

Project type and complexity

The technology used

Required skill and experience level of accountancy personnel

The terms of the contract.

 

BMC provides a free, no obligation 30 day trial to demonstrate its capabilities. This trial period is very beneficial in terms of clarifying various issues which may arise.

 

 

Secure service centers for Financial Services Outsourcing

We have in place a comprehensive service center security policy that is implemented to ensure secure financial services outsourcing. The security measures adopted include:

 

Restricted physical access to the processing and server environments

A paperless system so that data cannot be removed from the facility

Virtually restriction of internet access on the computers used in operation and data retrieval and transmission is carried out under the supervision of the project manager.

Furthermore, computers without media ensure files cannot be copied and Outlook has been removed from all PCs.

Physical security

 

A security guard is present at the entrance

Access cards are required before entering the server room. Access is restricted to only dedicated employees who are assigned to the outsourced activities

Returns are prepared in a paperless environment and no source documents, accounting data or tax returns are printed

The printer is limited to printing only the management reports.

Personal belongings

 

Briefcases, bags and other personal belongings of the employees are not allowed in the service center

There are no removable media devices and PCs do not have floppy drives or CD R/W drives.

 

Is there a formal contract before work starts?

A contract is sent once the client has decided to hire BMC’s services. Required changes can be made to the contract to suit both sides.

 

What about clarifications that may be required?

Emails to address any concerns can be sent directly to BMC who will normally be able to reply within 24 hours.

 

Clients contact the firm at any time by sending an mail to bmc.outsourcing@bmchatrath.com or call the firm using their 24/7 helpline: + 91 9810261802. The firm adopts the same procedures when clarifications are needed relating to any data or information provided by the client.

 

What about control over client files?

The accounting firm is always in control as it maintains the original hard copy of their clients' records. Additionally, the firm can access the electronic files via the Internet to view the status of each assigned task.

 

Once the assigned task is complete, it is securely transmitted back to the firm in a file format compatible with the accounting software being used by the firm. If necessary, the data can easily be modified online by the firm’s staff or by BMC’s team.

 

What should clients be told about who is doing their accounts processing and tax returns?

The most important points to make to a client when outsourcing are:

 

BMC is associated closely with the firm through membership of Alliott Group and operates as a ‘virtual extension’ of the firm in India

Client will receive 24X7 service

Cost reductions without compromising on quality, accuracy, security and TAT

The firm’s team can help clients by adding more value through higher level services with routine work being handled by an extended work center in India.

While BMC’s accountants will prepare the accounting records and tax returns, the firm will continue to deal directly with the client. All records will be subject to the firm’s final review, approval and will be communicated only by the firm to their client.

 

 

Accounting Firm Business Plan – Executive Summary

Rowland Pence& Co® Financial Consulting, LLC is a registered and licensed financial consulting firm with biased in accounting services and will be based in New York City – New York. The company will handle all aspect of accounting related services; services such as auditing accounting records, designing accounting systems, preparing financial statements, developing budgets, tax preparation and compliance work, consulting assistance, restructuring and providing advice on matters related to accounting.

We are aware that to run an all – round and standard accounting services firm can be demanding which is why we are well trained, certified and equipped to perform excellently well.

Rowland Pence & Co® Financial Consulting, LLC is a client – focused and result driven accounting services firm that provides broad- based services at an affordable fee that won’t in any way put a hole in the pocket of our clients.  We will offer a standard and professional accounting services to all to our individual clients, and corporate clients at local, state, national, and international level. We will ensure that we work hard to meet and surpass our clients’ expectations whenever they hire our services.

At Rowland Pence & Co® Financial Consulting, LLC, our client’s best interest would always come first, and everything we do is guided by our values and professional ethics. We will ensure that we hire professionals who are well experienced in the financial consulting services industry with bias in accounting, taxation, bookkeeping and payroll administration.

Rowland Pence & Co® Financial Consulting, LLC will at all times demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible.

We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely. We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our clients.

Our plan is to position the business to become one of the leading brands in the accounting services industry in the whole of New York City, and also to be amongst the top 20 accounting services firms in the United States of America within the first 10 years of operations.

This might look too tall a dream but we are optimistic that this will surely be realized because we have done our research and feasibility studies and we are enthusiastic and confident that New York City is the right place to launch our accounting services business before sourcing for clients from other cities in the United States of America.

Rowland Pence & Co® Financial Consulting, LLC is founded by Rowland Pence and Stanford Darlington, his business partner for many years. The organization will be managed by both of them since they have adequate working experience to manage such business.

Rowland Pence has well over 10 years of experience working at various capacities within the financial consulting services industry in the United States of America. He graduated from both University of California – Berkley with a Degree in Accounting, and University of Harvard (MSc.) and he is a chartered account. Stanford Darlington has ample experience in the area of tax consulting and financial auditing.

 

Jose McLaurin® General Contracting Company, Inc. is a licensed American general contractor company. We have been able to secure a well – positioned office facility in a central business district in Grand Rapids – Michigan. We are a general contractor company that is set to compete in the highly competitive industry not only in Grand Rapids – Michigan, but also throughout the United States market.

Jose McLaurin® General Contracting Company, Inc. is set to work at new residential construction, new nonresidential construction, additions, alterations and reconstruction and other services. We will provide services that include; providing all of the material, labor, equipment (such as engineering vehicles and construction tools and machines) and other services needed for the construction project.

Our business goal is to become one of the leading general contractor services in the United States and we will make sure that we do all we can to compete favorably with leaders in the industry. Our workers are going to be selected from a pool of certified and highly experienced civil engineers, technicians and tradesmen with different area of expertise as it relates to our service offerings.

We will make sure that we take all the members of our workforce through the required trainings that will position them to meet the expectation of the company and to compete with leading general contractor services  in the United States .

At Jose McLaurin® General Contracting Company, Inc., our client’s best interest will always come first, and everything we do will be guided by our values and professional ethics. We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely.

Jose McLaurin® General Contracting Company, Inc. is a family business that is founded by Engr. Jose McLaurin graduated from A and M University, Texas; B.Engr. in Civil Engineering. He has the required experience that can help build Jose McLaurin® General Contracting Company, Inc. to favorably compete with other leading general contractor businesses in the United States of America.

 

Executive Summary

Chris Morgan Financial Consulting, LLC is a registered and licensed financial consulting firm with biased in bookkeeping and payroll services and will be based in Las Vegas – Nevada. The company will handle all aspect of bookkeeping and payroll related services such as:

• Full-service payroll services
• Payroll services sold separately
• Billing services
• Bookkeeping and compilation services
• General accounting services
• Tax planning and consulting services
• Tax preparation and representation services and other related financial services.

We are aware that to run an all – round and standard bookkeeping and payroll services firm can be demanding which is why we are well trained, certified and equipped to perform excellently well. Chris Morgan Financial Consulting, LLC is a client-focused and result driven bookkeeping and payroll services firm that provides broad- based services at an affordable fee that won’t in any way put a hole in the pocket of our clients.

We will offer a standard and professional bookkeeping and payroll services to all to our individual clients, and corporate clients at local, state, national, and international level. We will ensure that we work hard to meet and surpass our clients’ expectations whenever they hire our services.

At Chris Morgan Financial Consulting, LLC, our client’s best interest would always come first, and everything we do is guided by our values and professional ethics. We will ensure that we hire professionals who are well experienced in the financial consulting services industry with bias in accounting, bookkeeping and payroll administration.

Chris Morgan Financial Consulting, LLC will at all times demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible.

We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely. We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our clients.

Our plan is to position the business to become the leading brand in bookkeeping and payroll services line of business in the whole of Nevada, and also to be amongst the top 20 bookkeeping and payroll services businesses in the United States of America within the first 10 years of operations.

This might look too tall a dream but we are optimistic that this will surely be realized because we have done our research and feasibility studies and we are enthusiastic and confident that Las Vegas is the right place to launch our bookkeeping and payroll services business before sourcing for clients from other cities in The United States of America.

Chris Morgan Financial Consulting, LLC is founded by Chris Morgan and Mark Lake, his business partner for many years. The organization will be managed by both of them since they have adequate working experience to manage such business. Chris Morgan has well over 5 years of experience working at various capacities within the financial consulting services industry in the United States of America.

Mr. Chris Morgan graduated from both University of California – Berkley with a Degree in Accounting, and University of Harvard (MSc.) and he is a chartered account. Mark Lake has ample experience in the area of tax consulting and financial auditing.

Our Product and Services Offerings

Jose McLaurin® General Contracting Company, Inc. is established with the aim of maximizing profits in the industry. We want to compete favorably with leading general contractor services in the United States which is why we have but in place a competent quality assurance team that will ensure that every project carried out meets and even surpass our customers’ expectations.

We will work hard to ensure that Jose McLaurin® General Contracting Company, Inc. is not just accepted in Grand Rapids – Michigan but also in other cities in the United States of America. Our service offerings are listed below;

• Road Construction
• Bridge Construction
• Dam construction
• Airports and Helipads Construction
• Seaports Construction
• Skyscrapers construction
• Estate construction
• Public facility construction (hospitals, schools, shopping malls, office complexes and industrial facilities et al)
• Construction of residential facilities
• Property Makeover Services

Our Product and Services

Rowland Pence & Co® Financial Consulting, LLC is going to offer varieties of services within the scope of the financial consulting services industry in the United States of America. Our intention of starting our accounting services firm is to work with both smaller organizations (start – ups and mom and pop shops) and also well – established corporate organizations who would want to outsource the accounting concerns.

We are well prepared to make profits from the industry and we will do all that is permitted by the law in the United States to achieve our business goals, aim and ambition. Our business offerings are listed below;

• Providing accounting advice to corporate clients
• Providing accounting advice to individuals and small businesses
• Accounts preparation
• Financial auditing services
• Financial statement review services
• Providing other financial assurance services
• General accounting services
• Tax planning and consulting services
• Individual tax preparation and representative services
• Corporate tax preparation and representative services
• Providing other financial consulting and advisory related services such as designing accounting systems, preparing financial statements, developing budgets, tax preparation and compliance work, consulting assistance, restructuring and providing advice on matters related to accounting.
• Investing in financial contracts on own account
• Participating in investment clubs (group of people who pool their money to make investments)
• Mineral royalties or leases dealing (as principal in dealing to investors)
• Oil royalty dealing (as principal in dealing to investors)
• Vertical settlement (purchasing life insurance policy at a discount to later collect the death benefit)
• Venture capital (investing in startups and small businesses with long-term growth potential)
• Trade in financial products
• Related investment consulting and advisory services
• Provide Full-service payroll services
• Provide Payroll services sold separately
• Provide Billing services
• Provide Bookkeeping and compilation services
• Provide General accounting services
• Provide Tax planning and consulting services
• Provide Tax preparation and representation services
• Other financial consulting and advisory related services

Our Product and Services

May flora Brokers is going to offer varieties of insurance products and services within the scope of the insurance industry in the United States of America. Our intention of starting our insurance agency is to make profits from the United States’ market and we will do all that is permitted by the law in the U.S. to achieve our aim and business goals.

Our products and service offering are listed below;

• Life and Annuities Insurance policy cover
• Health / Medical Insurance policy cover
• Car / Vehicle Insurance policy cover
• Pet Insurance policy cover
• Agricultural Insurance policy cover
• Aviation Insurance policy cover
• Financial Reinsurance
• Guaranteed Asset Protection Insurance policy cover
• Group Insurance
• Inland Marine Insurance / Marine Insurance / Shipping Insurance
• Travel Insurance policy cover
• Liability Insurance / Professional Liability Insurance
• Property and Casualty Insurance policy cover
• Consulting and Advisory Services (Within the Insurance Business)
• Investment (Business Portfolio) Management
• Financial Advisory Services
• Wealth Creation and Wealth Management
• Asset Management
• Mortgage, Pension, Retirement and Investment Advisory Services
• Income Tax Preparation
• Financial Auditing
• Estate Planning
• Budgeting and Financial Planning
• Accounting and Financial Services Consulting
• Tax Consulting
• Insurance Consulting

 

Our Product and Service Offerings

Richard Freeman® Investment Advisor Firm, LLC is going to offer varieties of services within the financial planning industry in the United States of America. Our intention of starting our investment advisor firm is to work with individuals, smaller organizations (startups and mom and pop shops) and also well – established corporate organizations who would want to invest their money and get good returns.

We are prepared to make profits from the industry and we will do all that is permitted by the law in the United States to achieve our business goals, aim and ambition. Our business offerings are listed below;

• General investment advisor services
• Business and government investment planning and management
• Personal investment planning and advice
• Personal investment management
• Fee-based financial investment advice

Other investment related services such as portfolio management, protection planning and brokerage services

 

Our Mission and Vision Statement

• Our vision is to establish a standard general contractor services company whose services will not only be accepted in Grand Rapids – Michigan but also in other cities in the United States of America.
• Our mission is to provide globally accepted general contractor services and to build a general contracting company that can favorably compete with other leading brands in the industry.

Our Vision Statement

Our vision is to build an accounting service firm brand that will become the number one choice for both smaller businesses and corporate clients in the whole of New York City – New York. Our vision reflects our values: integrity, service, excellence and teamwork.

Our Mission Statement

Our mission is to provide professional, reliable and trusted accounting services that assist start – ups, corporate organization and non-profit organizations in handling their accounting cum financial related concern. We will position the business to become one of the leading brands in the accounting services line of business in the whole of New York City, and also to be amongst the top 20 accounting services firms in the United States of America within the first 10 years of operations.

Our Business Structure

Normally we would have settled for two or three staff members, but as part of our plan to build a standard accounting services firm in New York City – New York, we have perfected plans to get it right from the beginning which is why we are going the extra mile to ensure that we have competent, honest and hardworking employees to occupy all the available positions in our firm.

The picture of the kind of accounting services 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 New York City – New York.

We will ensure that we only hire people that are qualified, honest, hardworking, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers).

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more depending how fast we meet our set target. In view of that, we have decided to hire qualified and competent hands to occupy the following positions;

• Chief Executive Officer
• Accounting and Tax Consultants
• Admin and HR Manager
• Marketing and Sales Executive
• Accountant
• Customer Care Executive / Front Desk Officer

 

Our Business Structure

Jose McLaurin® General Contracting Company, Inc. intends starting small in Grand Rapids – Michigan, but hopes to grow big in order to compete favorably with leading companies both in the United States and on a global stage. We are aware of the importance of building a solid business structure that can support the kind of world class business we want to own, which is why we are committed to only hire the best hands within our area of operation.

We will ensure that we hire people that are qualified, hardworking, creative, customer centric and are ready to work to help us build a prosperous business that will benefit all our stakeholders.

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of ten years or more as agreed by the board of trustees of the company. In view of the above, we have decided to hire qualified and competent hands to occupy the following positions;

• Chief Executive Officer
• Head, Technical Services (Senior Civil Engineer)
• Human Resources and Admin Manager
• Sales and Marketing Executive
• Accountant
• Civil Engineers
• Client Service Executive

 

 

 

 

 

 

 

Job Roles and Responsibilities

Chief Executive Officer – CEO:

• 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 result
• Responsible for providing direction for the business
• Creating, communicating, and implementing the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
• Responsible for signing checks and documents on behalf of the company
• Evaluates the success of the organizatio

 

Chief Executive Office:

• 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.
• Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
• Responsible for fixing prices and signing business deals
• Responsible for providing direction for the business
• Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
• Responsible for signing checks and documents on behalf of the company
• Evaluates the success of the organization

Chief Executive Office:

• Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, appraising job results and developing incentives
• Creates, communicates, and implements 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
• Responsible for providing direction for the business
• Answerable to signing checks and documents on behalf of the company
• Evaluates the success of the organization

Investment Planners & Advisors

• Responsible for handling services that revolves around general investment advisor services, business and government investment planning and management, personal financial planning and advice, personal investment management, fee-based financial investment advice services, investment planning services and other investment related services such as portfolio management, protection planning and brokerage services
• Handles any other related services as assigned by the firm

 

Accounting and Tax Consultants

• Responsible for providing accounting advice to corporate clients
• Provides accounting advice to individuals and small businesses
• Responsible for handling accounts preparation
• Responsible for handling financial auditing services
• Responsible for handling financial statement review services
• Handles other financial assurance services and general accounting services
• Responsible for handling tax planning and consulting services, individual tax preparation and representative services and corporate tax preparation and representative services
• Other services
• Responsible for handling other financial consulting and advisory related services such as designing accounting systems, preparing financial statements, developing budgets, tax preparation and compliance work, consulting assistance, restructuring and providing advice on matters related to accounting.

Head, Technical Services (Senior Civil Engineer):

• Serve as project manager of the organization; works directly with employees
• Develops strategic plan by studying technological, and financial opportunities; presenting assumptions; recommending objectives.
• Accomplishes subsidiary objectives by establishing plans, budgets, and results measurements; allocating resources; reviewing progress; making mid-course corrections.
• Coordinates efforts by establishing procurement, production, marketing, field, and technical services policies and practices; coordinating actions with corporate staff.
• Builds company image by collaborating with customers, government, community organizations, and employees; enforcing ethical business practices.
• Maintains quality service by establishing and enforcing organization standards.
• Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; benchmarking state-of-the-art practices; participating in professional societies.
• Make certain that the technical department perform efficiently, coordinate employee efforts, and facilitate communication between management and handymen
• Ensures that the organization works in line with international best practices.

 

Admin and HR Manager

• Responsible for overseeing the smooth running of HR and administrative tasks for the organization
• Designs 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.

 

 

Admin and HR Manager

• 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.
• Defining job positions for recruitment and managing interviewing process
• Carrying out induction for new team members
• Responsible for training, evaluation and assessment of employees
• Responsible for arranging travel, meetings and appointments
• Oversee the smooth running of the daily office activities.

 

Marketing and Sales Executive

• Identifies, prioritizes, and reaches 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 relevant projects.
• Writes winning proposal documents, negotiate fees and rates in line with company policy
• Responsible for handling business research, marker surveys and feasibility studies for clients
• Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
• Develops, executes and evaluates new plans for expanding increase sales
• Documents all customer contact and information
• Represents the company in strategic meetings
• Helps to increase sales and growth for the company

Sales and Marketing Manager

• Manage external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
• Model demographic information and analyze the volumes of transactional data generated by customer
• Identifies development opportunities; follows up on development leads and contacts
• Writing winning proposal documents, negotiate fees and rates in line with organizations’ policy
• Responsible for handling business research, market surveys and feasibility studies
• Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
• Develop, execute and evaluate new plans for expanding increase sales
• Create new markets cum businesses for the organization
• Empower and motivates the sales team to meet and surpass agreed targets

 

Accountant

• Responsible for preparing financial reports, budgets, and financial statements for the organization
• creates reports from the information concerning the financial transactions recorded by the bookkeeper
• Prepares the income statement and balance sheet using the trial balance and ledgers prepared by the bookkeeper.
• 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
• Ensures compliance with taxation legislation
• Handles all financial transactions for the firm
• Serves as internal auditor for the firm

Accountant/Cashier:

• 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
• Responsible for developing and managing financial systems and policies
• Responsible for administering payrolls
• Ensuring compliance with taxation legislation
• Handles all financial transactions for Jose McLaurin® General Contracting Company, Inc.
• Serves as internal auditor for Jose McLaurin® General Contracting Company, Inc.

 

 

 

Civil Engineers (Project Manager)

• Responsible for providing all the material, labor, equipment and other services needed for construction sites
• Handles other related job as instructed by the Head, Technical Services.

 

Client Service Executive / Front Desk Officer

• Welcomes guests and clients by greeting them in person or on the telephone; answering or directing inquiries.
• Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides 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
• Receives parcels / documents for the company
• Distributes mails in the organization
• Handles any other duties as assigned

Client Service Executive

• Welcomes clients and potential clients by greeting them in person or on the telephone; answering or directing inquiries.
• Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides 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 services
• Manages administrative duties assigned by the creative director in an effective and timely manner
• Consistently stays abreast of any new information on the organizations’ projects to ensure accurate and helpful information is supplied to clients when they make enquiries

 

 

 

 

SWOT Analysis

·         Jose McLaurin® General Contracting Company, Inc. engaged the services of a core professional in the area of business consulting and structuring to assist our organization in building a well – structured general contractor company that can favorably compete in the industry in the United States.

·         Part of what the business consultant did was to work with the management of our organization in conducting a comprehensive SWOT analysis for Jose McLaurin® General Contracting Company, Inc. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Jose McLaurin® General Contracting Company, Inc.;

Accounting Firm Business Plan – SWOT Analysis

Rowland Pence & Co® Financial Consulting, LLC engaged the services of a core professional in the area of business consulting and structuring to assist the firm in building a well – structured accounting services firm that can favorably compete in the highly competitive financial consulting services industry.

Part of what the team of business consultant did was to work with the management of our organization in conducting a SWOT analysis for Rowland Pence & Co® Financial Consulting, LLC. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Rowland Pence & Co® Financial Consulting, LLC;

• Strength:

Our core strength lies in the power of our team; our workforce. We have a team that can go all the way to give our clients value for their money; a team that are trained and equipped to pay attention to details and to deliver excellent jobs. We are well positioned and we know we will attract loads of clients from the first day we open our door for business.

 

We can boast of having a system that runs on automation. We have been able to select a team of workforce that will keep us at an advantage. Aside from the synergy that exists in our carefully selected workforce, our services will be guided by international best practices in the industry.

 

• Weakness:

As a new accounting services firm, it might take some time for our organization to break into the market and gain acceptance especially from corporate clients in the already saturated financial consulting services industry; that is perhaps our major weakness. So also, we may not have the required cash to give our business the kind of publicity we would have loved to.

As a new general contractor services company in Grand Rapids – Michigan, it might take some time for our organization to break into the market and gain acceptance especially from top profile clients (construction companies) in the already saturated and highly competitive industry; that is perhaps our major weakness. Another weakness is that we may not have the required cash to pump into promoting our business the way we would want to.

 

• Opportunities:

The opportunities in the financial consulting services industry is massive considering the number of mom and pop businesses, start – ups and of course corporate organizations who can’t afford to do without the services of accounting service providers. As a standard and well – positioned accounting service provider, we are ready to take advantage of any opportunity that comes our way.

Acceleration of the housing and nonresidential construction markets in the United States is bound to support growth for our business. In the wake of all the natural disasters in the coastal areas of the United States, owners are looking for structures that will survive hurricanes, fires, and earthquakes. Jose McLaurin® General Contracting Company, Inc. is equipped to answer the call.

• Threat:

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

While the US construction marketing is currently experiencing remarkable construction growth, it’s only sustainable long-term if builders embrace modern technology and practices. As of now, the labor shortage, lack of digitalization and poor coordination are three major factors that could limit a future flourishment of construction in America and by extension it will pose a threat to our business.

MARKET ANALYSIS

• Market Trends

A close watch on industry activities shows that the revenue increase is due to an acceleration in downstream construction markets in the United States. As a result of the increase in demand from downstream construction markets, activities in this industry, registered businesses and of course contracts, job numbers have been trending upward.

Going forward, the construction and real estate industry are expected to continue thriving hence increase in the demand for the services of general contractors. Another notable trend shows that general contractors are moving from using technology solutions for specific tasks to having real-time and accurate information at their fingertips on mobile devices.

Construction productivity is on the brink of a huge leap due to integrated and intuitive software that doesn’t just give you a bunch of numbers but rather provides easy-to-understand information that enables you to make good decisions. The totally connected jobsite is now a reality.

Lastly, while paper is slowly being phased out of construction sites, many companies are still completely reliant on the material to complete jobs. As a result, information is constantly obsolete, and communication is fragmented and unproductive.

If companies are serious about meeting the increasing demands of building in the US, it takes a commitment to full-scale digitalization. That means getting rid of all traces of paper and adopting a collaborative document management system that provides real time access and visibility to all project stakeholders.

Accounting Firm Business Plan – MARKET ANALYSIS

• Market Trends

The financial consulting services industry is indeed a very large industry and of course it is one industry that works for businesses across different industries. If you are conversant with the trend in the financial consulting services industry, you will agree that loads of mom and pops, businesses, and start – up ventures that do not have the capacity to hire chattered accountants to handle their accounting tax concerns would naturally hire the services of accounting services providers who would usually charge them service charge.

Relatively, it is cheaper and less stressful to hire the services of accounting service providers as against employing a qualified accountant especially when you run a small business.

The truth is that, it is common to find even bigger firms contracting their accounting, tax and auditing concerns to competent financial / auditing firms because it is cost effective to do so. Another notable trend in the financial consulting services industry is that in the last five years, the industry has performed impressively as a large reduction in unemployment boosted the revenue generated in the industry.

So also, the financial consulting services industry has benefited from the advancement of online and computer payroll and accounting services, with new cloud-based offerings providing a new revenue stream for operators, and attracting new customers. Going forward, increasing product penetration and of course an expanding customer base is expected to drive growth in the industry.

 

Our Target Market

Before starting our general contractor company in Grand Rapids – Michigan, we conducted a market survey and feasibility studies and we are certain that there is a wide range of construction companies and other players in the construction industry. We are aware that the industry’s primary markets are the nonresidential and residential building sectors.

 

 

 

The demographic and psychographics composition of those who need the services of accounting services providers cuts across both small businesses and large corporations.

Rowland Pence & Co® Financial Consulting, LLC will initially serve small to medium sized business, from new ventures to well established businesses and individual clients, but that does not in any way stop us from growing to be able to compete with the leading accounting service firms in the United States.

As a standard and licensed accounting service firm, Rowland Pence & Co® Financial Consulting, LLC offers a wide range of financial consulting services hence we are well trained and equipped to services a wide range of clientele base.

Our target market cuts across businesses of different sizes and industries. We are coming into the industry with a business concept that will enable us work with the small businesses and bigger corporations in and around New York City – New York and other cities in the United States of America.

Below is a list of the businesses and organizations that we have specifically design our products and services for;

• Mom and Pop Businesses
• NGOs
• Blue Chips Companies
• Corporate Organizations
• Religious Organizations (Pilgrimage journeys et al)
• Political Parties / Politicians
• Hotels and Restaurants
• The Government (Public Sector)
• Schools (High Schools, Colleges and Universities)
• Sport Organizations
• Entrepreneurs and Start – Ups
• Investment clubs
• Households and individual clients
• Blue Chips Companies
• Corporate Organizations
• Hotels and Restaurants
• The Government (Public Sector)
• Schools (High Schools, Colleges and Universities)
• Entrepreneurs and Startups

 

Our Competitive Advantage

There are favorable conditions for growth in the General Contractors Services industry and as a result of this, survival in the industry will require that you build on existing knowledge of the services you offer to your customers and broaden your skill base in order to be able to compete favorably.

More general contractor companies are coming up and they are using the services of existing companies in the business to boost their competitive edge and exposure in the industry. To be highly competitive in the General Contractors Services industry, you should be able to deliver consistent and reliable jobs, and you must be able to meet set targets.

Our competitive advantage lies in the power of our team; our workforce. We have a team of certified and highly trained civil engineers and technicians, a team with excellent qualifications and experience in various niche areas in the general contracting industry. Aside from the synergy that exists in our carefully selected workforce, our services will be guided by best practices in the industry.

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

Our Competitive Advantage

The level of competitions in the financial consulting services industry depends largely on the location of the business and of course the niche of your financial consulting services. If you can successfully create a unique brand identity for your accounting services firm or carve out a unique market, you are likely going to experience less competition.

For instance, if you are one of the few accounting services firms in your locations that also offer tax consulting and bookkeeping and payroll services you are likely going to have a competitive advantage over your competitors.

Although the competition in the accounting services industry is not just within same service providers but also other financial consulting related service providers in the financial consulting services industry. For example, it is now easier for a tax consulting firm to also handle accounting services and bookkeeping and payroll services for its clients.

We are quite aware that to be highly competitive in the financial consulting services industry means that we should be able to deliver consistent quality service, our clients should be able to experience remarkable difference cum improvement and we should be able to meet the expectations of clients.

Rowland Pence & Co® Financial Consulting, LLC might be a new entrant into the financial consulting services industry in the United States of America, but the management staffs and owners of the business are considered gurus. They are people who are core professionals and licensed and highly qualified and chattered accountants 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 (start – ups accounting service firms) 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.

 

SALES AND MARKETING STRATEGY

We are mindful of the fact that there are stiff competitions in the General Contractors industry, hence we have been able to hire some of the best marketing experts to handle our sales and marketing.

Our sales and marketing team will be recruited based 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 overall business goal of Jose McLaurin® General Contracting Company, Inc.

Our corporate goal is to grow Jose McLaurin® General Contracting Company, Inc. to become one of the leading concrete contractor services brands in the United States of America which is why we have mapped out strategies that will help us take advantage of the available market and grow to become a major force to reckon with not only in Grand Rapids – Michigan but also in other cities in the United States of America.

Jose McLaurin® General Contracting Company, Inc. 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 public work department, construction and real estate companies, corporate organizations and other key stake holders in and around Grand Rapids – Michigan.
• Promptness in bidding for construction contracts from construction companies, real estate companies, government and other cooperate organizations
• Advertise our business in relevant real estate 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 excellent services
• Leverage on the internet to promote our business
• Engage direct marketing approach

Encourage word of mouth marketing from loyal and satisfied clients

 

Accounting Firm Business Plan – SALES AND MARKETING STRATEGY

We are mindful of the fact that there are stiffer competitions amongst accounting service firms and other related financial consulting service providers in the United States of America; hence we have been able to hire some of the best business developer 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 their targets and the 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 accounting service firm that will leverage on word of mouth advertisement from satisfied clients (both individuals and corporate organizations).

Our goal is to grow our accounting consulting firm to become one of the top 20 accounting services 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 New York City but also in other cities in the United States of America.

Rowland Pence & Co® Financial Consulting, LLC 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 corporate organizations, schools, Businesses, Non – Profit Organizations and key stake holders in New York City and other cities in New York.
• Promptness in bidding for financial consulting contracts from the government, religious organizations and other cooperate organizations
• Advertise our business in relevant financial and business related magazines, newspapers, TV stations, and radio station.
• List our business on yellow pages’ ads (local directories)
• Attend relevant international and local finance and business expos, seminars, and business fairs et al
• Create different packages for different category of clients (start – ups and established corporate organizations) in order to work with their budgets and still deliver quality services to them
• Leverage on the internet to promote our business
• Engage direct marketing approach
• Encourage word of mouth marketing from loyal and satisfied clients
• Join local chambers of commerce and industry with the aim of networking and marketing our services.

 

Sources of Income

Richard Freeman® Investment Advisor Firm, LLC is established with the aim of maximizing profits in the financial planning industry and we are going to ensure that we do all it takes to attract clients on a regular basis. Richard Freeman® Investment Advisor Firm, LLC will generate income by offering the following services to our clients;

• General investment advisor services
• Business and government investment planning and management
• Personal investment planning and advice
• Personal investment management
• Fee-based financial investment advice services
• Other investment related services such as portfolio management, protection planning and brokerage services

Sources of Income

Jose McLaurin® General Contracting Company, Inc. is established with the aim of maximizing profits in the General Contractors Services industry and we are going to ensure that we do all it takes to meet and surpass the expectations of all our clients. Jose McLaurin® General Contracting Company, Inc. will generate income by providing services that include;

• Road Construction
• Bridge Construction
• Dam construction
• Airports and Helipads Construction
• Seaports Construction
• Skyscrapers construction
• Estate construction
• Public facility construction (hospitals, schools, shopping malls, office complexes and industrial facilities et al)
• Construction of residential facilities
• Property Makeover Services

 

Sources of Income

Rowland Pence & Co® Financial Consulting, LLC is established with the aim of maximizing profits in the financial 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 and sign ‘retainer – ship’ with most of our clients.

Rowland Pence & Co® Financial Consulting, LLC will generate income by offering the following financial consulting services for start – ups, NGOs and for corporate organizations;

• Providing accounting advice to corporate clients
• Providing accounting advice to individuals and small businesses
• Accounts preparation
• Financial auditing services
• Financial statement review services
• Providing other financial assurance services
• General accounting services
• Tax planning and consulting services
• Individual tax preparation and representative services
• Corporate tax preparation and representative services
• Providing other financial consulting and advisory related services such as designing accounting systems, preparing financial statements, developing budgets, tax preparation and compliance work, consulting assistance, restructuring and providing advice on matters related to accounting.

Sales Forecast

One thing is certain, there would always be construction and real estate companies, corporate organization, government agencies, households and individual who would need the services of general contractors.

We are well positioned to take on the available market in the industry 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 our company to enviable heights.

We have been able to examine the general contractor services market, we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. Below is the sales projection for Jose McLaurin® General Contracting Company, Inc., it is based on the location of our business and of course the wide range of our services and target market;

• First Fiscal Year: $350,000
• Second Fiscal Year: $750,000
• Third Fiscal Year: $1.2 million

N.B: This projection was 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 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.

 

Sales Forecast

One thing is certain, there would always be mom and pop shops, start – ups, NGOs and corporate organizations who would need the services of professional accounting services firms.

We are well positioned to take on the available market in New York City and other key cities in the United States of America and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow the business and our clientele base beyond New York City to other cities in Nevada and other states in the U.S.

We have been able to critically examine the financial consulting 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 projections are based on information gathered on the field and some assumptions that are peculiar to startups in New York City – New York.

Below are the sales projections for Rowland Pence & Co® Financial Consulting, LLC, it is based on the location of our business and the wide range of financial consulting services that we will be offering;

• First Fiscal Year-: $250,000
• Second Fiscal Year-: $450,000
• Third Fiscal Year-: $950,000

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 natural disasters within the period stated above. 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.

 

• Our Pricing Strategy

We will keep the prices of our services below the average market rate by keeping our overhead low and by collecting payment in advance from construction and real estate companies. We are aware that there are some one – off jobs or government contracts which are always lucrative, we will ensure that we abide by the pricing model that is expected from contractors or organizations that bid for such contracts.

 

• Our Pricing Strategy

Hourly billing for financial consulting services is a long – time tradition in the industry.  However, for some types of financial consultancy services, flat fees make more sense because they allow clients to better predict consultancy costs.  As a result of this, Rowland Pence & Co® Financial Consulting, LLC will charge our clients a flat fee for many basic services such as accounting services and business advisory services and tax consulting et al.

At Rowland Pence & Co® Financial Consulting, LLC we will keep our fees below the average market rate for all of our clients by keeping our overhead low and by collecting payment in advance.  In addition, we will also offer special discounted rates to start – ups, nonprofits, cooperatives, and small social enterprises.

We are aware that there are some clients that would need regular access to financial consultancy and advisory services and assistance, we will offer flat rate for such services that will be tailored to take care of such clients’ needs.

 

• Payment Options

The payment policy adopted by Jose McLaurin® General Contracting Company, Inc. is all inclusive because we are quite aware that different customers prefer different payment options as it suits them 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 Jose McLaurin® General Contracting Company, Inc. will make available to her clients;

• Payment via bank transfer
• Payment via credit cards / Point of Sale Machines (POS Machines)
• 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 services rendered without any stress on their part.

 

• Payment Options

The payment policy adopted by Rowland Pence & Co® Financial Consulting, LLC is all inclusive because we are quite aware that different customers prefer different payment options as it suits them 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 Rowland Pence & Co® Financial Consulting, LLC will make available to her clients;

• Payment via bank transfer
• Payment with cash
• Payment via credit cards / Point of Sale Machines (POS Machines)
• 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 client make payment for farm produces purchase without any stress on their part. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for services rendered.

 

Publicity and Advertising Strategy

We have been able to work with our brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market. We are set to become the number one choice for both corporate clients and households in the whole of Grand Rapids – Michigan and beyond which is why we have made provisions for effective publicity and advertisement of our company.

Below are the platforms we intend to leverage on to promote and advertise Jose McLaurin® General Contracting Company, Inc.;

• Place adverts on both print (newspapers and real estate related magazines) and electronic media platforms
• Sponsor relevant community – based events / programs
• Leverage on the internet and social media platforms like; Instagram, Facebook, LinkedIn, Twitter, YouTube, Google + et al to promote our services
• Install our billboards in strategic locations all around Grand Rapids – Michigan
• Distribute our fliers and handbills in target areas
• List our company in local directories / yellow pages
• Advertise our company in our official website and employ strategies that will help us pull traffic to the site.
• Ensure that all our staff members wear our branded shirts and all our vehicles are branded with our company logo.

 

 

Accounting Firm Business Plan – Publicity and Advertising Strategy

We have been able to work with our brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market. We are set to take the financial consulting services industry by storm which is why we have made provisions for effective publicity and advertisement of our accounting services firm.

Below are the platforms we intend to leverage on to promote and advertise Rowland Pence & Co® Financial Consulting, LLC;

• Place adverts on both print (community based newspapers and magazines) and electronic media platforms
• Sponsor relevant community based events / programs
• Leverage on the internet and social media platforms like; Instagram, Facebook, Twitter, YouTube, Google + et al to promote our brand
• Install our Bill Boards on strategic locations all around New York City – New York
• Engage in road show from time to time to create awareness of our business
• Distribute our fliers and handbills in target areas
• Ensure that all our workers wear our branded shirts and all our vehicles are well branded with our company’s logo et al.

 

Accounting Firm Business Plan – Financial Projections and Costing

Starting an accounting services firm can be cost effective; this is so because on the average, you are not expected to acquire expensive machines and equipment.

Basically, 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 furniture and equip the office, the amount to purchase the required software applications, the amount needed to pay bills, promote the business and obtain the appropriate business license and certifications.

This is the financial projection and costing for starting Rowland Pence & Co® Financial Consulting, LLC;

• 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 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, Accounting and Bookkeeping 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 market research and feasibility studies conducted, we will need over one hundred and fifty thousand (150,000) U.S. dollars to successfully set – up a medium scale but standard accounting services firm in the United States of America.

 

Financial Projections and Costing

From our market survey and feasibility studies, we have been able to come up with a detailed budget for establishing a standard general contracting company in Grand Rapids – Michigan and here are the key areas where we will spend our startup capital;

• Business incorporating fees in the United States of America will cost – $750.
• The budget for Liability insurance, permits and license will cost – $3,500
• Acquiring an office space that will accommodate our employees for at least 6 months (Re – Construction of the facility inclusive) will cost – $80,000.
• The amount required to purchase the needed concrete mixers, trucks and other related construction equipment – $200,000
• Equipping the office (computers, printers, projectors, markers, servers / internet facility, furniture, telephones, filing cabinets, and electronics) will cost – $5,000
• Amount required to purchase the needed software applications to run our business – $ 3,500
• Launching an official Website will cost – $500
• Amount need to pay bills and staff members for at least 2 to 3 months – $50,000
• Additional Expenditure such as Business cards, Signage, Adverts and Promotions will cost – $5,000

Going by the report from our market research and feasibility studies, we will need about three hundred and fifty thousand (350,000) U.S. dollars to successfully set up a medium scale but standard general contractor services company in the United States of America.

 

Generating Funds/Startup Capital for Jose McLaurin® General Contracting Company, Inc.

Jose McLaurin® General Contracting Company, Inc. is a family business that will be owned and managed by Engr. Jose McLaurin and his immediate family members. 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 and sale of his stocks
• Generate part of the startup capital from friends and other extended family members
• Generate a larger chunk of the startup capital from the bank (loan facility).

N.B: We have been able to generate about $100,000 (Personal savings $70,000 and soft loan from family members $30,000) and we are at the final stages of obtaining a loan facility of $250,000 from our bank. All the papers and document have been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

 

Generating Funds / Startup Capital for Rowland Pence & Co® Financial Consulting, LLC

Rowland Pence & Co® Financial Consulting, LLC is a business that will be owned and managed by Rowland Pence and his business partner Stanford Darlington. They are the sole financial of the firm, but may likely welcome partners later which is why they decided to restrict the sourcing of the start – up capital for the business to just three major sources.

These are the areas we intend generating our start – up capital;

• Generate part of the start – up capital from personal savings
• Source for soft loans from family members and friends
• Apply for loan from my 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 document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

 

 

Sustainability and Expansion Strategy

The future of a business lies in the number of loyal customers that they have, the capacity and competence of their 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 Jose McLaurin® General Contracting Company, Inc. is to build a business that will survive off its own cash flow without 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 our services a little bit cheaper than what is obtainable in the market and we are prepared to survive on lower profit margin for a while.

Jose McLaurin® General Contracting Company, Inc. 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 three 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.

 

ACCOUNTING FIRM BUSINESS GROWTH: Sustainability and Expansion Strategy

The future of a business lies in the numbers 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 (company), then it won’t be too long before the business close shop.

One of our major goals of starting Rowland Pence & Co® Financial Consulting, LLC 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 our financial consulting services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Rowland Pence & Co® Financial Consulting, LLC 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 of our business strategy.

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 three years or more as determined by the board of the organization. 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: Completed
• Opening Online Payment Platforms: Completed
• Application and Obtaining Tax Payer’s ID: In Progress
• Securing a standard office facility, renovation and equipping of the facility inclusive: Competed
• Application for business license and permit: Completed
• Purchase of Insurance for the Business: Completed
• Conducting Feasibility Studies: Completed
• Generating part of the startup capital from the founders: Completed
• Writing of Business Plan: Completed
• Drafting of Employee’s Handbook: Completed
• Drafting of Contract Documents: In Progress
• Design of Logo for the business: Completed
• Purchase of concrete mixers, trucks and other related equipment: Completed
• Printing of Promotional Materials: Completed
• Recruitment of employees: In Progress
• Purchase of concrete mixers, trucks and other related construction equipment, furniture, office equipment, software applications, electronic appliances and facility facelift: In progress
• Creating Official Website for the business: In Progress
• Creating Awareness for the business: In Progress
• Health and Safety and Fire Safety Arrangement: In Progress
• Establishing business relationship with vendors and key players in the construction and real estate industries: In Progress

• Business Name Availability Check: Completed
• Business Incorporation: Completed
• Opening of Corporate Bank Accounts: Completed
• Opening Online Payment Platforms: Completed
• Application and Obtaining Tax Payer’s ID: In Progress
• Application for business license and permit: Completed
• Purchase of Insurance for the Business: Completed
• Conducting Feasibility Studies: Completed
• Leasing a standard office facility in the heart of Miami-Hialeah – Florida: 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
• Printing of Promotional Materials: Completed
• Recruitment of employees: In Progress
• Purchase of the needed software applications, 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

Certificate of Incorporation

Business License

Business Plan
Non – disclosure Agreement
Employment Agreement (offer letters)
Operating Agreement for LLCs
Insurance Policy
Consulting contract documents

__________________________________________________________

 

 

 

 

BUSINESS BUDGET

The Total Fee for incorporating the Business: $750.

The budget for Liability insurance, permits and license: $2,500

The Amount needed to acquire a suitable Office facility in a business district 6 months (Re – Construction of the facility inclusive): $40,000.

The Cost for equipping the office (computers, printers, fax machines, furniture, telephones, filing cabins, safety gadgets and electronics et al): $2,000

The Cost of Launching your official Website: $600

Budget for paying at least two employees for 3 months and utility bills : $10,000

Additional Expenditure (Business cards, Signage, Adverts and Promotions et al): $2,500

Miscellaneous: $1,000

NAICS 5  Digit Industry 54121 – Accounting, Tax Preparation, Bookkeeping, and Payroll Services