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Business Plan Consulting- A Revenue Opportunity for CPAs
Helping a Company prepare their business plan and financial projections is an area often overlooked by the public as a service CPAs can provide. According to the SBA, 30% of the adult population at one time or another starts a business. Business planning services are the first opportunity for the CPA to obtain a new client. Often a review of the underlying assumptions by a CPA and development of the projections will result in determining that the likelihood of profitability is not realistic. This service can save the new business owner hundreds of thousands to millions of dollars. In fact, the CPA might discourage the client from going into the business altogether. To build a successful business model, a business plan is essential and you as a CPA are better equipped than any other professional to get involved. Business Plan engagements are big ticket items. When an individual is contemplating investing their life savings, or taking money from others, the client should be advised not to skimp on the retaining of a CPA and limiting those services at this crucial time. Too much money is at stake. I would never take on an engagement for less than $5,000. based upon the amount of time I know it takes to properly support this service. It is quite common for a business plan to cost $25,000 when the plan is used to shop for venture capital, angel investors or in conjunction with a private placement memorandum. Business Plan Software is not a substitute for you-the CPA, and sometimes your client will need to be reminded of that. In fact, you are the one best equipped to take advantage of it. It automates the fundamental plan requirements, making you more efficient in much the same way tax preparation software does. The software is only as good as the user! Get familiar with one package, learn it inside out and start making money.
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Helping a Company prepare their business plan and financial projections is an area often overlooked by the public as a service CPAs can provide. According to the SBA, 30% of the adult population at one time or another starts a business. Business planning services are the first opportunity for the CPA to obtain a new client. Often a review of the underlying assumptions by a CPA and development of the projections will result in determining that the likelihood of profitability is not realistic. This service can save the new business owner hundreds of thousands to millions of dollars. In fact, the CPA might discourage the client from going into the business altogether. To build a successful business model, a business plan is essential and you as a CPA are better equipped than any other professional to get involved. Business Plan engagements are big ticket items. When an individual is contemplating investing their life savings, or taking money from others, the client should be advised not to skimp on the retaining of a CPA and limiting those services at this crucial time. Too much money is at stake. I would never take on an engagement for less than $5,000. based upon the amount of time I know it takes to properly support this service. It is quite common for a business plan to cost $25,000 when the plan is used to shop for venture capital, angel investors or in conjunction with a private placement memorandum. Business Plan Software is not a substitute for you-the CPA, and sometimes your client will need to be reminded of that. In fact, you are the one best equipped to take advantage of it. It automates the fundamental plan requirements, making you more efficient in much the same way tax preparation software does. The software is only as good as the user! Get familiar with one package, learn it inside out and start making money.
 

  Help Your Clients Buy and Sell Businesses
  

Emerge.com is a unique matchmaking marketplace that allows buyers and sellers of middle-market businesses to meet in a confidential, secure environment.

CPAdirectory.com is now part of the Emerge.com ePartner referral program. Buyers and sellers searching for CPA's can access our directory through the Emerge.com site.

During Emerge's introductory period these referrals will come at no cost to you. Unlike similar sites, Emerge is focused on bringing value it its clients and ePartners. If you have clients that are interested in buying or selling a business, suggest they visit www.emerge.com .

Look for new revenue opportunities from Emerge coming soon.

 
     
 
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