Step one in launching a CPA firm is to develop a written business plan – an outline of all aspects of your anticipated practice. It captures all your thoughts in a logical, detailed presentation that not only acts as your guide, but also tells others what your business is all about. A solid business plan is critical if and when you seek funding for your venture.
Your business plan should:
Your business plan should:
- Outline the goals of your business identify the structure of your business (sole proprietor, partnership, C Corporation, S Corporation, or Limited Liability Company)
- Describe your experience and skills
- Describe the services you will provide and competitive advantages you foreseeIdentify your market and client potential
- Outline pricing for your servicesExplain management and staffingOutline equipment and office requirements
- Estimate start-up costs
- Estimate monthly operating costsEstimate projected revenueDefine the source of start-up and operating capital
See more tips on developing a strong business plan!
Or consider taking this course from Harvard ManageMentor which takes you step-by-step through the process of preparing an effective plan for a business proposal.
"People don’t care about your business. They care about their problems. Be the solution they’re looking for.”
Melonie Dodaro
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