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Architecture Business Plan
Starting an architecture business can be a lucrative venture, but the process of starting a business may feel complex and overwhelming to get started.
You should thoroughly understand the legal regulations, client acquisition strategies, and industry and business dynamics before you start crafting designs.
Having a foolproof business plan will not only help you understand your business better but will also play a key role in raising capital for your business.
Need help writing a business plan for your architecture business? You’re at the right place. Our architecture business plan template will help you get started.
Free Business Plan Template
Download our free architecture business plan template now and pave the way to success. Let’s turn your vision into an actionable strategy!
- Fill in the blanks – Outline
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How To Write An Architecture Business Plan?
Writing an architecture business plan is a crucial step toward the success of your business. Here are the key steps to consider when writing a business plan:
1. Executive Summary
An executive summary is the first section planned to offer an overview of the entire business plan. However, it is written after the entire business plan is ready and summarizes each section of your plan.
Here are a few key components to include in your executive summary:
- Introduce your Business: Start your executive summary by briefly introducing your business to your readers.This section may include the name of your architecture business, its location, when it was founded, the type of architecture business (E.g., residential architecture, commercial architecture, interior design.), etc.
- Market Opportunity: Summarize your market research, including market size, growth potential, and marketing trends. Highlight the opportunities in the market and how your business will fit in to fill the gap.
- Architecture Services: Highlight the architecture services you offer your clients. The USPs and differentiators you offer are always a plus.For instance, your architecture services may include architectural design, site analysis and planning, construction documentation, interior design, and project management.
- Marketing & Sales Strategies: Outline your sales and marketing strategies—what marketing platforms you use, how you plan on acquiring customers, etc.
- Financial Highlights: Briefly summarize your financial projections for the initial years of business operations. Include any capital or investment requirements, associated startup costs, projected revenues, and profit forecasts.
- Call to Action: Summarize your executive summary section with a clear CTA, for example, inviting angel investors to discuss the potential business investment.
Ensure your executive summary is clear, concise, easy to understand, and jargon-free.
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2. Business Overview
The business overview section of your business plan offers detailed information about your company. The details you add will depend on how important they are to your business. Yet, business name, location, business history, and future goals are some of the foundational elements you must consider adding to this section:
- Business Description: Describe your business in this section by providing all the basic information:
- Residential Architecture
- Commercial Architecture
- Landscape Architecture
- Interior Designing
- Industrial Architecture
Describe the legal structure of your architecture company, whether it is a sole proprietorship, LLC, partnership, or others.
- Owners: List the names of your architecture company’s founders or owners. Describe what shares they own and their responsibilities for efficiently managing the business.
- Mission Statement: Summarize your business’ objective, core principles, and values in your mission statement. This statement needs to be memorable, clear, and brief.
- Business History: If you’re an established architecture service provider, briefly describe your business history, like—when it was founded, how it evolved over time, etc.Additionally, If you have received any awards or recognition for excellent work, describe them.
- Future Goals: It’s crucial to convey your aspirations and vision. Mention your short-term and long-term goals; they can be specific targets for revenue, market share, or expanding your services.
This section should provide a thorough understanding of your business, its history, and its future plans. Keep this section engaging, precise, and to the point.
3. Market Analysis
The market analysis section of your business plan should offer a thorough understanding of the industry with the target market, competitors, and growth opportunities. You should include the following components in this section.
- Target market: Start this section by describing your target market. Define your ideal customer and explain what types of services they prefer. Creating a buyer persona will help you easily define your target market to your readers.For instance, businesses and organizations in need of architectural services can be an ideal target market for a commercial architecture business.
- Market size and growth potential: Describe your market size and growth potential and whether you will target a niche or a much broader market.
- Competitive Analysis: Identify and analyze your direct and indirect competitors. Identify their strengths and weaknesses, and describe what differentiates your architecture services from them. Point out how you have a competitive edge in the market.
- Market Trends: Analyze emerging trends in the industry, such as technology disruptions, changes in customer behavior or preferences, etc. Explain how your business will cope with all the trends.For instance, there is a growing demand for sustainable and environment-friendly design solutions; explain how you plan to deal with this market trend.
- Regulatory Environment: List regulations and licensing requirements that may affect your architecture company, such as business registration, insurance, building codes, contractual agreements, intellectual property protection, etc.
Here are a few tips for writing the market analysis section of your architect business plan:
- Conduct market research, industry reports, and surveys to gather data.
- Provide specific and detailed information whenever possible.
- Illustrate your points with charts and graphs.
- Write your business plan keeping your target audience in mind.
4. Products And Services
The product and services section should describe the specific services and products that will be offered to customers. To write this section should include the following:
- Architectural design
- Site analysis and planning
- Construction documentation
- Interior design
- Sustainable design and green building
- Urban design
- Describe each service: Provide a detailed description of each service you provide, including the process involved, the time required, and any specific details you may include.
- Quality measures: This section should explain how you maintain quality standards and consistently provide the highest quality service.This may include monitoring quality control processes, compliance with codes and standards, staff training, and performance evaluation.
- Additional Services: Mention if your architecture company offers any additional services. You may include services like master planning, space planning, landscape design, and building performance analysis.
In short, this section of your architecture plan must be informative, precise, and client-focused. By providing a clear and compelling description of your offerings, you can help potential investors and readers understand the value of your business.
5. Sales And Marketing Strategies
Writing the sales and marketing strategies section means a list of strategies you will use to attract and retain your clients. Here are some key elements to include in your sales & marketing plan:
- Unique Selling Proposition (USP): Define your business’s USPs depending on the market you serve, the equipment you use, and the unique services you provide. Identifying USPs will help you plan your marketing strategies.For example, design excellence, specialized expertise, and sustainable design solutions could be some of the great USPs for an architecture business.
- Pricing Strategy: Describe your pricing strategy—how you plan to price your services and stay competitive in the local market. You can mention any discounts you plan on offering to attract new customers to your service.
- Marketing Strategies: Discuss your marketing strategies to market your services. You may include some of these marketing strategies in your business plan—social media marketing, Google ads, brochures, email marketing, content marketing, and print marketing.
- Sales Strategies: Outline the strategies you’ll implement to maximize your sales. Your sales strategies may include offering consultations, fostering referral partnerships, and offering incentives or special promotions.
- Customer Retention: Describe your customer retention strategies and how you plan to execute them. For instance, maintaining excellent communication, exceeding client communication, and providing value-added services could be some of your customer retention strategies.
Overall, this section of your architecture firm business plan should focus on customer acquisition and retention.
Have a specific, realistic, and data-driven approach while planning sales and marketing strategies for your architecture business, and be prepared to adapt or make strategic changes in your strategies based on feedback and results.
6. Operations Plan
The operations plan section of your business plan should outline the processes and procedures involved in your business operations, such as staffing requirements and operational processes. Here are a few components to add to your operations plan:
- Staffing & Training: Mention your business’s staffing requirements, including the number of employees or architects needed. Include their qualifications, the training required, and the duties they will perform.
- Operational Process: Outline the processes and procedures you will use to run your architecture business. Your operational processes may include project management, client communication, design and documentation, business development, and other administrative tasks.
- Equipment & Machinery: Include the list of equipment and machinery required for architecture, such as computer hardware and CAD/BIM software, large format printers, presentation equipment, measuring tools, etc.Explain how these technologies help you maintain quality standards and improve the efficiency of your business operations.
Adding these components to your operations plan will help you lay out your business operations, which will eventually help you manage your business effectively.
7. Management Team
The management team section provides an overview of your architecture business’s management team. This section should provide a detailed description of each manager’s experience and qualifications, as well as their responsibilities and roles.
- Founders/CEO: Mention the founders and CEO of your architecture company, and describe their roles and responsibilities in successfully running the business.
- Key managers: Introduce your management and key members of your team, and explain their roles and responsibilities.It should include key executives, senior management, and other department managers (e.g., project manager.) involved in the architecture business operations, including their education, professional background, and any relevant experience in the industry.
- Organizational structure: Explain the organizational structure of your management team. Include the reporting line and decision-making hierarchy.
- Compensation Plan: Describe your compensation plan for the management and staff. Include their salaries, incentives, and other benefits.
- Advisors/Consultants: Mentioning advisors or consultants in your business plans adds credibility to your business idea.So, if you have any advisors or consultants, include them with their names and brief information consisting of roles and years of experience.
This section should describe the key personnel for your architecture services, highlighting how you have the perfect team to succeed.
8. Financial Plan
Your financial plan section should provide a summary of your business’s financial projections for the first few years. Here are some key elements to include in your financial plan:
- Profit & loss statement: Describe details such as projected revenue, operational costs, and service costs in your projected profit and loss statement . Make sure to include your business’s expected net profit or loss.
- Cash flow statement: The cash flow for the first few years of your operation should be estimated and described in this section. This may include billing invoices, payment receipts, loan payments, and any other cash flow statements.
- Balance Sheet: Create a projected balance sheet documenting your architecture business’s assets, liabilities, and equity.
- Break-even point: Determine and mention your business’s break-even point—the point at which your business costs and revenue will be equal.This exercise will help you understand how much revenue you need to generate to sustain or be profitable.
- Financing Needs: Calculate costs associated with starting an architecture business, and estimate your financing needs and how much capital you need to raise to operate your business. Be specific about your short-term and long-term financing requirements, such as investment capital or loans.
Be realistic with your financial projections, and make sure you offer relevant information and evidence to support your estimates.
9. Appendix
The appendix section of your plan should include any additional information supporting your business plan’s main content, such as market research, legal documentation, financial statements, and other relevant information.
- Add a table of contents for the appendix section to help readers easily find specific information or sections.
- In addition to your financial statements, provide additional financial documents like tax returns, a list of assets within the business, credit history, and more. These statements must be the latest and offer financial projections for at least the first three or five years of business operations.
- Provide data derived from market research, including stats about the architecture industry, user demographics, and industry trends.
- Include any legal documents such as permits, licenses, and contracts.
- Include any additional documentation related to your business plan, such as product brochures, marketing materials, operational procedures, etc.
Use clear headings and labels for each section of the appendix so that readers can easily find the necessary information.
Remember, the appendix section of your architectural firm business plan should only include relevant and important information supporting your plan’s main content.
The Quickest Way to turn a Business Idea into a Business Plan
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This sample architecture business plan will provide an idea for writing a successful architecture plan, including all the essential components of your business.
After this, if you still need clarification about writing an investment-ready business plan to impress your audience, download our architecture business plan pdf .
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Frequently Asked Questions
Why do you need an architecture business plan.
A business plan is an essential tool for anyone looking to start or run a successful architecture business. It helps to get clarity in your business, secures funding, and identifies potential challenges while starting and growing your business.
Overall, a well-written plan can help you make informed decisions, which can contribute to the long-term success of your architecture company.
How to get funding for your architecture business?
There are several ways to get funding for your architecture business, but self-funding is one of the most efficient and speedy funding options. Other options for funding are:
- Bank loan – You may apply for a loan in government or private banks.
- Small Business Administration (SBA) loan – SBA loans and schemes are available at affordable interest rates, so check the eligibility criteria before applying for it.
- Crowdfunding – The process of supporting a project or business by getting a lot of people to invest in your business, usually online.
- Angel investors – Getting funds from angel investors is one of the most sought startup options.
Apart from all these options, there are small business grants available, check for the same in your location and you can apply for it.
Where to find business plan writers for your architecture business?
There are many business plan writers available, but no one knows your business and ideas better than you, so we recommend you write your architecture business plan and outline your vision as you have in your mind.
What is the easiest way to write your drone business plan?
A lot of research is necessary for writing a business plan, but you can write your plan most efficiently with the help of any architecture business plan example and edit it as per your need. You can also quickly finish your plan in just a few hours or less with the help of our business plan software .
About the Author
Upmetrics Team
Upmetrics is the #1 business planning software that helps entrepreneurs and business owners create investment-ready business plans using AI. We regularly share business planning insights on our blog. Check out the Upmetrics blog for such interesting reads. Read more
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Architecture Business Plan Template
If you want to start an Architecture firm or expand your current Architecture business, you need a business plan.
The following Architecture business plan template gives you the key elements to include in a winning Architecture business plan.
You can download our Architecture business plan template (including a full, customizable financial model) to your computer here.
Architecture Business Plan Example
Below is an architecture business plan example with each of the key sections to help you write a architecture business plan for your own company.
I. Executive Summary
Business overview.
[Company Name], located in [insert location here], is a local newly established architectural firm. The company provides architecture services to the local metropolitan area and its surrounding communities. The company utilizes innovative design techniques with traditional architectural principles to provide innovative solutions to its clients.
[Company name] was founded by [Founder’s Name], a local architect that is committed to his clients and their needs. [Founder] graduated from architecture school five years ago and has spent the last five years working as a junior architect at a large architecture firm. [Founder’s] goal was to always own and operate his own architecture firm. Through his education and years spent learning from a large company, [Founder] is ready to venture out on his own and build his own architecture firm. [Founder] has been able to attain a handful of loyal clients who will follow him to his newly established architecture firm. By marketing to local businesses and recruiting a team of junior architects, [Company Name] will be a profitable self-sustaining architecture firm.
Products Served
[Company Name] will provide a variety of architecture services. The services include architectural and engineering design, pre-design phase, structural design, and construction administration.
Pricing for all services will vary depending on the complexity and size of the project.
Customer Focus
[Company Name] will primarily serve the residents within a 1 to 50-mile radius of our location. The demographics of these residents are as follows:
- 2,456,321 residents
- Average income of $38,500
- 49.33% married
- 36% in Mgt./Professional occupations
- Median age: 36 years
Of the above-mentioned demographic profile, there is about 20 million square feet of new development in the planning and design phase. The city is rapidly expanding and there are not enough architects in the metropolitan area to meet the need.
Management Team
[Company Name] is led by [Founder’s Name], a local architect who has worked for a large architecture firm in [location] for five years. [Founder] attained his architecture degree from the [Location] School of Architecture five years ago and was able to secure a position as a junior architect straight out of architecture school. [Founder] quickly earned the position of Project Lead on a number of large industrial projects and was able to earn the trust of local expanding businesses. [Founder] has the proper knowledge and experience to own, manage, and operate his own architecture company.
Success Factors
[Company Name] is uniquely qualified to succeed due to the following reasons:
- The company will be utilizing modern methods of architecture coupled with innovative architecture design elements.
- The company will provide a wide range of architecture services that will be able to accommodate most companies’ needs.
- The owner has been awarded with the most prestigious recognition from the local architectural design magazine.
- The pricing model is competitive with other architecture companies.
- [Company Name] is fully licensed, bonded, and insured.
Financial Highlights
[Company Name] is seeking a total funding of $500,000 of debt capital to open its architecture company.
- Office design/build-out: $100,000
- Software and supplies: $200,000
- Brand development and marketing: $100,000
- Working capital: $100,000 to pay for licensing, salaries, and lease costs until [Company Name] reaches break-even
Top line projections over the next five years are as follows:
II. Company Overview
Who is [company name].
[Company Name], located in [insert location here] is a local newly established architectural firm. The company provides architecture services to the local metropolitan area and its surrounding communities. There are approximately over 2 million square feet of construction projects in the planning phases in the city. With an ever-expanding community, there is currently a shortage of qualified architects to manage all the new projects. [Company Name] will be able to become a competitor in the local architecture industry due to their ability to utilize innovative design techniques with traditional architectural principles to provide innovative solutions to its clients. [Company Name] will specialize in buildings in the healthcare, education, industrial, office, and retail industries. As a full-service architecture firm, [Company Name] will be able to tailor each of its services to meet the client’s functional needs and organizational challenges.
[Company Name] was founded by [Founder’s Name], a local architect who has worked at a large architecture firm for five years. As an innovative self-starter, [Founder] has taken what he learned in architecture school and with his creativity and diligence, he was promoted to Project Manager fairly quickly. [Founder] was able to manage a team of junior architects and meet each of their clients’ requests. [Founder] fulfilled a number of projects and has earned the trust from some very large business owners in [location]. [Founder] looks forward to recruiting his own team of architects and teach them his modern techniques while making sure each project implements safety and structural design. [Founder’s] priority is to manage each project like it was one of his own and become the leading architecture firm in the city.
[Founder] has saved for a down payment on a SBA loan from a local bank. He has also located a small office space in a downtown office building to house the staff and operations. It includes seven offices, a reception and waiting area, a filing room, and a small conference room. [Founder] will have three of his large clients follow him to his new business and through marketing and networking, he will be able to secure three more local business clients.
[Company Name]’s History
Once his market analysis was complete, [Founder’s Name] began surveying the local vacant office space and decided on an available office in the highly desirable downtown business district. [Founder’s Name] incorporated [Company Name] as a Limited Liability Corporation on [date of incorporation].
Once the lease is acquired for the office space, light construction and design can begin to build-out the company’s headquarters and small office.
Since incorporation, the Company has achieved the following milestones:
- Located a vacant office in a downtown office building that is near the client base
- Developed the company’s name, logo, and website located at [website]
- Hired a general contractor for the build-out of the office space
- Determined software and necessary supplies
- Attained Letters of Intent from large business clients
- Began recruiting key employees that have the necessary architectural training
[Company Name]’s Services
Below are [Company Name]’s service offerings:
- Architectural and engineering design
- Pre-design phase
- Structural design
- Construction administration
III. Industry Analysis
The Architecture Industry has increased at an annualized rate of 2.0% to $52 billion, over the past five years. The industry’s primary driver is demand from the construction market. Specifically, fluctuations in the value of nonresidential construction have contributed to robust growth during the majority of the period as well as significant declines amid the coronavirus pandemic. Low interest rates, rising per capita disposable income and low mortgage rates have also encouraged individuals and businesses to invest in new structures that require architectural services.
Over the next five years, further economic growth will lead to growth in nonresidential construction projects. Access to credit, per capita disposable income and corporate profit are all projected to expand during the outlook period, supporting steady demand for architectural services.
IV. Customer Analysis
Demographic profile of target market.
[Company Name] will serve the community residents of [company location] and its surrounding areas.
The community of [company location] is a very diverse community that includes over 2 million residents. Within the community, there are a number of Fortune 500 company headquarters that require expansion. There are also two large universities with expansion and renovation projects and the local school districts need to build new schools to meet the population growth. In addition, there are very large hospitals that require renovation, expansion, and medical office buildings that need to be updated to meet modern healthcare technology.
Customer Segmentation
The Company will primarily target the following three customer segments:
- Hospitals: There are a number of hospitals and medical office buildings that are in need of renovations or new construction.
- Colleges and Universities: The local school district and universities need to add more campuses and/or schools to meet population growth.
- Industrial Factories: The company will target the owners of large factories who are in need of expansion or relocation.
V. Competitive Analysis
Direct & indirect competitors.
The following businesses are located within a 30-mile radius of [Company Name], thus providing either direct or indirect competition for customers:
EKZM Architecture
EKZM Architecture is a [location]-based, global architecture innovation firm, led by [insert name]. The firm partners with developers and entrepreneurial clients to maximize the impact and value of their real estate assets. By collaborating with their clients, the firm creates a project vision for development sites, enhancing user experience, and improving balance sheets by leveraging the project throughout the planning process.
Specializing in new developments, EKZM works with the local public utilities and authorities to navigate the planning, zoning, and coding process. The firm works with the client to make sure they locate the right parcel of land to meet their vision and will design a building to meet the land and utility constraints. EKZM will also construction administrate the project to ensure that everything is being built per their design and specifications
EKZM has won numerous awards and accolades for their office buildings in [location].
Lewis Architects
Lewis Architects has been in business for over 37 years. They are known for designing innovative structures and sustainable communities that meet the needs of today’s modern world. Each project they pursue is approached as a unique design challenge and the firm works with the client to deliver a customized solution. Lewis Architects specializes in PK – 12 grade schools, commercial buildings, interior architecture, automotive, and higher education buildings.
Lewis Architects utilizes a collaborative people-based approach. From project start, the firm establishes a structured and highly collaborative process that ensures they understand the priorities of each client. Lewis also works closely with the local architecture school and offers internships and career development to its students.
Blue Marble Architecture
Blue Marble creates modern, practical, sustainable architecture. The firm is committed to thoughtful design, thorough construction document delivery, and insightful project leadership and management for each project. Blue Marble focuses on educational projects and 21st century learning environments (K -12 and higher education), governmental and civic, commercial, structural, healthcare, and spiritual facilities. The team at Blue Marble has been able to manage multiple clients and projects by paying close attention to detail, analyzing complex situations, and following through on each aspect of the logistics of the project.
The firm includes a company of numerous diverse and uniquely experienced professionals. Each person brings a set of skills and experience to be able to deliver a broad range of perspectives. Blue Marble’s backgrounds range from architecture, interior design, construction, project management, facilities management, construction management, and structural engineering. In addition, the firm has personnel that specialize in graphic design, web design, photography, and marketing.
Competitive Advantage
[Company Name] enjoys several advantages over its competitors. Those advantages include:
- Technology : [Company Name]’s will be able to provide the latest innovative techniques in architectural design.
- Price : [Company Name] is able to offer their services at the best and most competitive price.
- Comprehensive Project Management : [Company Name] will be the project lead throughout the entire design and construction phase. The company’s organizational effectiveness and focused efficiency will ensure the project gets completed on time and within budget.
- Highly Trained and Experienced Staff : [Company Name] will be led by [Founder] and a team of highly effective architects that is able to offer unique, creative solutions to meet the client’s needs.
VI. Marketing Plan
[Company Name] seeks to position itself as a highly qualified architecture firm in the industry. Clients can expect to receive creative and innovative architectural services from qualified and trained architects in [location].
The [Company Name] Brand
The [Company Name] brand will focus on the Company’s unique value proposition:
Promotions Strategy
[Company Name] expects its target market to be businesses and public institutions within a 10-50-mile radius of its location. [The Company’s] promotion strategy to reach these businesses includes:
Social Media
[Company Name] will invest heavily in a social media advertising campaign. The company will hire a brand manager to create the company’s social media accounts and invest in ads on all social media accounts. It will use targeted marketing to appeal to the target demographics.
Major Publications
We will also invest in advertising in selected larger publications until we have achieved significant brand awareness. We will advertise in industry publications such as magazines, journals, newspapers, newsletters, and brochures.
Website/SEO
[Company Name] will invest heavily in developing a professional website that displays all the services the company will be able to provide. It will also invest heavily in SEO so that the brand’s website will appear at the top of search engine results.
Sponsorships
[Company Name] will also invest in sponsoring certain nonprofit and community events so that their banners and collateral material are displayed all over the event where numerous clients will potentially be. The company will also purchase a team and attend local golf tournaments.
Networking Events
[Company Name] will attend all networking events related to business, real estate development, healthcare, and education. It will become a member of the community’s chamber of commerce and will be part of the area associations related to architecture, engineering, or construction.
Collateral Material
[Company Name] will develop numerous collateral material to have on hand to give out to potential clients. It will also ask local businesses for permission to hang or display their collateral material in highly trafficked areas.
Pricing Strategy
[Company Name]’s pricing will be moderate, so clients feel they receive great value when utilizing the company’s architectural services.
VII. Operations Plan
Service & administrative roles.
- Team of architects
- Project managers
- General and administrative functions including legal/compliance, marketing, bookkeeping, etc.
- Brand management/social media
- IT management
VIII. Management Team
Management team members.
[Company Name] is owned by [Founder’s Name], a local architect who graduated from the local architectural school five years ago. [Founder] started interning at a large architectural firm during his last year of school and was given a full-time position upon graduating. [Founder] has overseen architectural projects of all sizes and was promoted to Project Manager four years ago. [Founder] was able to manage large teams of junior architects and has overseen the completion of numerous large projects. He specializes in innovative design and technology for industries in the healthcare, educational, warehousing, and civic industries. [Founder] will prioritize utilizing the most innovative and technologically advanced methods in developing and designing each client’s specific needs.
[Founder] will recruit highly skilled and experienced architects to join his team. In addition, he will employ a marketing person that will be responsible for networking with clients, managing social media and website updates, and recruiting new clients to add to the company’s portfolio.
Hiring Plan
[Founder] will serve as the Owner and Manager of [Company Name]. In order to launch, he needs to hire the following personnel:
- Junior Architects: 3-4 full-time employees to assist with client project work.
- Project Manager: 1 full-time employee to assist with project oversight and managing junior architects.
- Office staff: 1 employee who will manage the phone calls, scheduling, accounting, clerical, bookkeeping, billing, and any administrative task required.
- Brand manager: 1 full-time employee who will be responsible for developing and launching the brand; manage the website, and social media accounts.
IX. Financial Plan
Revenue and cost drivers.
[Company Name]’s revenues will come primarily from its architectural services. The company will provide a range of architectural services to the business and civic community and its surrounding areas. As the company’s revenues increase, it will look to add additional staff and more complex projects.
The office lease, software, supplies, marketing, and labor expenses will be the key cost drivers of [Company Name]. The major cost drivers for the company’s operation will consist of:
- Architectural software
- Business Insurance
- Lease on office space and utilities
Ongoing advertising and SEO expenditures are also notable cost drivers for [Company Name].
Capital Requirements and Use of Funds
[Company Name] is seeking total funding of $500,000 of debt capital to open its architectural firm. The capital will be used for remodeling the office lease for the company headquarters, software, supplies, hiring initial employees, marketing and branding expenses, and working capital.
Specifically, these funds will be used as follows:
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