Ready Management Solutions | Application Preview
Ready Management Solutions is applying for government grants to support their cash flow during a critical period in their business operations. They plan to use the funds primarily to cover costs associated with hiring and training consultants. The current model requires a month of training for new hires before they can bill clients, as their payment terms are based on a 30-day invoice cycle.
The business aims to provide consulting services that deliver measurable returns on investment (ROI) to both new and existing customers. Currently, they have five clients and target acquiring ten new ones while expanding services for existing customers in 2024. With a healthy pipeline and a typical gross margin of 30-40%, they anticipate a decrease in selling, general, and administrative expenses as they grow, which will contribute to an increase in earnings before interest and taxes (EBIT) over time.
Ready Management Solutions highlights a strong justification for funding, citing over a decade of experience in building consulting businesses and a dedicated team with 10-20 years of expertise. They offer services to clients involved in strategic initiatives, particularly in software upgrades and replacements, while maintaining a software-agnostic approach that spans various departments such as Finance, HR, and IT.
In terms of competition, they face mid-sized consulting firms like Logic and Columbus, as well as larger Tier-1 companies such as Accenture and Deloitte. However, their competitive edge lies in their adaptability to meet market demands, such as automation and AI, paired with a partnership-centric approach. Being employee-owned allows them to work flexibly and with less bureaucracy, enhancing their ability to deliver compelling business cases and ROI quickly for their clients.
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General Information
Business Registration Number: Ready Management Solutions
Location: NEW VIRGINIA, IA, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: $100k to $250k
Annual Gross Expense: $250k to $500k
Open to Loans: YES
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Funding Usage
support cashflow. for example, we hire a consultant who requires 1 month training then works for a customer for 1 month before we can submit and invoice that is paid on 30 day terms.
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Business Plan
Sell consulting services that provide ROI to new and existing customers. We currently have 5 customers. Based on our network and healthy pipeline, we are planning to secure 10 new customers and expand our existing customers in 2024. Typical gross margin is 30-40%. As we add consultants, our SG&A will decrease as a percentage of our total costs. Therefore, our EBIT will increase each year we are in business. We have a proven track record of building consulting companies for more than a decade. Our focus is on delivering exceptional value for our customers. Our team has 10-20 years of experience. We work on behalf of our customers who are typically embarking on a strategic initiatives which often involves software upgrade/replacement. We are software agnostic and can work acrosss the business (e.g. Finance, HR, Supply Chain, Merchdising, Ecommerce) and IT departments.
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Self Identified Competition
The main competitors are mid sized consulting companies Logic, Columbus, OLR, and BTM. We also compete with Tier-1 consultanies; Accenture, IBM, Deloitte, Wipro, and Infosys. Our model addresses the current and foreseeable market demand (e.g. automation, digital, strategy, AI). We are easy to work with and focus on long term partnerships. We are employee owned, which allows us to provide flexibility and less admin/bureaucracy. The business case and ROI standout due to our talent and ability to deliver quickly.
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Contact Applicant
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