It should be noted that there is no special software required to use these templates. All business plans come in Microsoft Word and Microsoft Excel format. Each business plan features:

• Excecutive Summary
• Company and Financing Summary
• Products and Services Overview
• Strategic Analysis with current research!
• Marketing Plan
• Personnel Plan
• 3 Year Advanced Financial Plan
• Expanded Financial Plan with Monthly Financials
• Loan Amortization and ROI Tools
• FREE PowerPoint Presentation for Banks, Investors, or Grant Companies!

1.0 Executive Summary

The purpose of this business plan is to raise $100,000 for the development of a court reporting service business while showcasing the expected financials and operations over the next three years. Court Reporting Service, Inc. (“the Company”) is a New York based corporation that will provide legal stenography services on behalf of attorneys and the courts in its targeted market. The Company was founded by John Doe.

1.1 Products and Services

The primary revenue center will come from providing legal court reporting and stenography services on behalf of courts and attorneys throughout the New York metropolitan area. The business will be appropriately licensed to provide these services within the State of New York so that the business can provide support for depositions and related legal proceedings on an ongoing basis. At the onset of operations, Management intends to hire three to four stenographers that will work on behalf of the business. The third section of the business plan will further describe the services offered by the Court Reporting Service, Inc.

1.2 The Financing

Mr. Doe is seeking to raise $100,000 from as a bank loan. The interest rate and loan agreement are to be further discussed during negotiation. This business plan assumes that the business will receive a 10 year loan with a 9% fixed interest rate. The financing will be used for the following: • Development of the Company’s Court Reporting Service office location. • Financing for the first six months of operation. • Capital to purchase a company vehicle. Mr. Doe will contribute $10,000 to the venture.

1.3 Mission Statement

Court Reporting Service, Inc.’s mission is to become the recognized leader in its targeted market for court reporting services.

1.4 Mangement Team

The Company was founded by John Doe. Mr. Doe has more than 10 years of experience in the legal support industry. Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations.

1.5 Sales Forecasts

Mr. Doe expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years.

1.6 Expansion Plan

The Founder expects that the business will aggressively expand during the first three years of operation. Mr. Doe intends to implement marketing campaigns that will effectively target law firms that have court reporting and legal stenography needs within the target market.

2.0 Company and Financing Summary

2.1 Registered Name and Corporate Structure

Court Reporting Service, Inc. The Company is registered as a corporation in the State of New York.

2.2 Required Funds

At this time, the Court Reporting Service requires $100,000 of debt funds. Below is a breakdown of how these funds will be used:

2.3 Investor Equity

Mr. Doe is not seeking an investment from a third party at this time.

2.4 Management Equity

John Doe owns 100% of the Court Reporting Service, Inc.

2.5 Exit Strategy

If the business is very successful, Mr. Doe may seek to sell the business to a third party for a significant earnings multiple. Most likely, the Company will hire a qualified business broker to sell the business on behalf of the Court Reporting Service. Based on historical numbers, the business could fetch a sales premium of up to 4 times earnings.

3.0 Products and Services

Below is a description of the services offered by Court Reporting Service, Inc.

3.1 Court Reporting Services

As discussed in the executive summary, the Court Reporting Service (through its employees) will provide legal support services as it relates providing court reporting services and legal stenography services on an outsourced basis for law firms, individual attorneys, and municipal agencies within the New York metropolitan area. The business is currently in the process of receiving its appropriate licensure to act as a court reporting business within the State of New York. Mr. Doe is also developing a number of protocols and procedures that ensure that stenographers comply with all laws regarding court reporting and legal stenography services.

4.0 Strategic and Market Analysis

4.1 Economic Outlook

This section of the analysis will detail the economic climate, the legal support industry, the customer profile, and the competition that the business will face as it progresses through its business operations. Currently, the economic market condition in the United States is moderate. The meltdown of the sub prime mortgage market coupled with increasing gas prices has led many people to believe that the US is on the cusp of a double dip economic recession. This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows. However, Court Reporting Service, Inc. is relatively immune from deleterious changes from the economy as the demand for court reporting services and legal stenography services to the general public.

4.2 Industry Analysis

Within the United States, there are approximately 2,500 companies that are involved with court reporting services. Each year, these businesses generate approximately $1.9 billion of revenue while providing jobs to more than 15,000 people. Annual payrolls in each of the last five years has exceeded $500 million. This is a mature industry, and the future expected growth rate is anticipated to remain on par with that of the general economy. Again, this industry is relatively immune from negative changes in the economy.

4.3 Customer Profile

Court Reporting Service, Inc.’s average client will be a law firm or individual attorney practicing in the Company’s target market. Common traits among clients will include: • Annual billings exceeding $300,000 per year. • Operates within 15 miles from the Company’s location. • Will spend $50 per hour for a trained legal stenographer.

4.4 Competitive Analysis

This is one of the sections of the business plan that you must write completely on your own. The key to writing a strong competitive analysis is that you do your research on the local competition. Find out who your competitors are by searching online directories and searching in your local Yellow Pages. If there are a number of competitors in the same industry (meaning that it is not feasible to describe each one) then showcase the number of businesses that compete with you, and why your business will provide customers with service/products that are of better quality or less expensive than your competition.

5.0 Marketing Plan

The Court Reporting Service intends to maintain an extensive marketing campaign that will ensure maximum visibility for the business in its targeted market. Below is an overview of the marketing strategies and objectives of the Court Reporting Service.

5.1 Marketing Objectives

• • Establish relationships with individually practicing attorneys, law firms, and government agencies within the Company’s targeted New York market

• • Develop an online presence by developing a website and placing the Company’s name and contact information with online directories.

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5.2 Marketing Strategies

Mr. Doe intends on using a number of marketing strategies that will allow Court Reporting Service to easily the demographics discussed in the fifth section of the business plan within the target market. These strategies include traditional print advertisements and ads placed on search engines on the Internet. Below is a description of how the business intends to market its services to the general public. The Court Reporting Service will also use an internet based strategy. This is very important as many people seeking local services, such as court reporters, now the Internet to conduct their preliminary searches. Mr. Doe will register the Court Reporting Service with online portals so that potential customers can easily reach the business. The Company will also develop its own online website showcasing the court reporting and legal stenography operations of the business. Mr. Doe will also directly contact attorneys, law firms, law enforcement agencies, and courts in regards to developing ongoing relationships for their needs.

5.3 Pricing

In this section, describe the pricing of your services and products. You should provide as much information as possible about your pricing as possible in this section. However, if you have hundreds of items, condense your product list categorically. This section of the business plan should not span more than 1 page.

6.0 Organizational Plan and Personnel Summary

6.1 Corporate Organization

6.2 Organizational Budget

In this section of the business plan, you should write a two to four paragraph biography about your work experience, your education, and your skill set. For each owner or key employee, you should provide a brief biography in this section.

7.0 Financial Plan

7.1 Underlying Assumptions

• • The Court Reporting Service will have an annual revenue growth rate of 16% per year.

• • The Owner will acquire $100,000 of debt funds to develop the business.

• • The loan will have a 10 year term with a 9% interest rate.

7.2 Sensitivity Analysis

Management does not anticipate that any further negative issues with the economy will hinder the Company’s ability to generate revenues as courts and law firms will continue to require court reporting in any economic climate.

7.3 Source of Funds

7.4 General Assumptions

7.5 Profit and Loss Statements 

7.6 Cash Flow Analysis

7.7 Balance Sheet

7.8 General Assumptions

7.9 Business Ratios

Expanded Profit and Loss Statements

Expanded Cash Flow Analysis