RICHARDSON FINANCIAL GROUP LLC | Application Preview
Richardson Financial Group LLC is seeking government grant funding primarily to maintain payroll expenses while hiring one to two part-time workers. The business has outlined a comprehensive five-year growth plan that emphasizes building strong client relationships, providing exceptional customer service, and actively seeking new opportunities. Key strategies include leveraging social media, networking, hosting community events, and measuring success to refine approaches over time.
The application emphasizes that the applicant, with over 15 years of experience in tax preparation and accounting, understands the profitability of these industries. The tax preparation sector has shown significant growth, with increasing revenues over the years, while the accounting industry remains robust. The applicant believes that, with the right investment, they can capitalize on this potential to foster company growth and create stable employment opportunities, especially during the challenges presented by the COVID-19 pandemic.
In terms of competition, the applicant acknowledges existing players like H&R Block and Jackson Hewitt but asserts a competitive edge through personal experience and commitment to outstanding customer service. The applicant focuses on hiring and training employees to ensure high-quality service and a welcoming atmosphere for clients. Overall, the application presents a strong case for funding by highlighting industry potential and the applicant's proven expertise.
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General Information
Business Registration Number: 85-2385219
Location: Bonaire, GA, United States
Length of Operation: 5 Years
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: NO
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Funding Usage
Funds will be used to maintain and secure payroll expense(s) with hopes of hiring between one (1) to two (2) additional part-time workers.
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Business Plan
Five (5) year plan to grow business: 1.) Get to know clients. 2.) Offer great Customer Service. 3.) Nurture existing clients and look for new opportunities. 4.) Use social media. 5.) Attend networking events. 6.) Host Community Events. 7.) Give back to the community. 8.) Measure what works and refine my approach as I go. Investors are in it to make money - so am I. I am here to show Investors and will do just that – and that I will do it better than their other investment opportunities. I have been in the tax preparation and accounting business for over fifteen (15) years. Both industries are booming at an all time high. Tax Preparation Industry in 2020 at a Glance: Tax preparation is BIG business – there were 300K people employed at 109K firms in 2012 - generating $9 billion in revenue in 2012. The industry grew over 2% from 2010-2015, and is expected to speed up the pace of growth. Revenues of $11 billion are forecast for 2018. Accounting Services in the US industry trends (2015-2020). Overall, the Accounting industry revenue is estimated to rise at an annualized rate of 1.6% over the five years to 2020 to $110.7 billion, including growth of 0.4% in 2020. As you can see, I am in two (2) very profitable industries. With the right investor(s), we can increase growth of the company to its full potential while providing secure and stable employment opportunities that will ensure employee growth and security during these trying times while battling the COVID-19 pandemic.
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Self Identified Competition
In the tax and accounting industries, my top competition comes from other Corporate and small businesses such as: H&R Block, Jackson Hewitt and Liberty Tax Service. I bring to the table over fifteen years of tax, accounting and managerial expense while proving outstanding Customer Service with attention to detail. I personally hire and train all employees to focus on and provide QUALITY Service and to treat all clients with the highest level of dignity and respect. We made clients feel at home and like family.
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Contact Applicant
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