Tax N More Services | Application Preview
Tax N More Services is seeking government grants to support its expansion plans. Operating from home, the owner has invested personal savings into marketing efforts but now requires additional funding to establish a physical office, hire six new employees, and cover daily operational costs. The business aims to enhance its services for a community that primarily speaks languages other than English, helping clients navigate financial and tax-related issues.
The business plan outlines a projection of acquiring 7,000 new clients upon opening the office, with the potential to generate between $1 million and $1.05 million in revenue. Currently, the owner is turning away clients due to capacity limitations and has relied on outsourcing tasks for the past six years, gaining roughly 100 new clients annually. Funding will enable the purchase of necessary equipment, such as furniture and computers, and facilitate marketing, IT services, and compliance support.
The application highlights the business's dedication to customer service, emphasizing the owner's commitment to being available for clients and providing personalized advice. This exceptional service has led to strong customer loyalty and word-of-mouth referrals. Additionally, the owner seeks guidance from investors to navigate further growth. While there are a couple of friendly competitors in the area, collaboration exists among them, underscoring a community spirit. Overall, the funding is essential for scaling operations and improving service delivery to meet the growing demand.
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General Information
Business Registration Number: 814207316
Location: Arleta (Los Angeles), CA, United States
Length of Operation: 6-10
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: NO
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Funding Usage
I currently operate my small business from home. I am looking into expanding, i have spend my savings on marketing and i need to open an office, create positions to hire new employees, cover the day to day cost as i work towards marketing, purchase furniture, new computers, copy machines. I serve my community in helping them with day to day items they cannot understand as i serve a community who do not speak or read English. They come to me for a lot of help, I am outgrowing my living room and bedroom. But ran out of my savings, Looking to hire about six new employees, plus a marketing firm, an IT firm and a legal firm to help me stay up to par with all compliances of the business.
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Business Plan
I have projected, when i open my office to gain a total of 7000 new clients which should gross about $1,000,000.00 to $1,050,000.00 or even more in revenue. I have purposely not grown and turn away clients because i cannot handle the volume ... Every year in the last six years, i am gaining about 100 new clients, but as i mentioned, i am outsourcing since i have no employees. I will open an office, purchase inventory, expand and invest in marketing, in IT and develop my product of services, which is excellent customer service. Going above and beyond. My motto is, "Nobody is left behind." I gain clientele because i take the time to listen to them, and I educate at the same time of their financial planning and explain tax information on federal and state level. Any client of mine knows to call or text me any time of the day or night and I will respond. This customer service i enjoy offering, is what brings clientele to me. I offer sincere and heartfelt customer service. This is what keeps them returning and word of mouth is rewarding. I follow thru with all the commitments with my clients and show great deal of respect. I also need advice myself from investors on moving to the next level of growth. In five years, I project to reach over 7000 clients. I have about 1000 at this moment because i purposely have not grown due to not being able to deliver ... i need the money to grow.
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Self Identified Competition
I have two good friends that are competitors ... but we outsource to each other. Arleta Tax Services Siordia Tax Services No difference ... we help out each other. Maybe one knows more than the other
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