Professional Documents
Culture Documents
Ministry of Education, Culture and Research of The Republic of Moldova PI Center of Excellence in Economics and Finance
Ministry of Education, Culture and Research of The Republic of Moldova PI Center of Excellence in Economics and Finance
Chişinău, 2020
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Contents
Executive Summary.....................................................................................................................................3
Objectives....................................................................................................................................................3
Opportunity.................................................................................................................................................3
Keys to Success............................................................................................................................................3
Execution.....................................................................................................................................................3
Services.......................................................................................................................................................3
Market Analysis Summary...........................................................................................................................4
Competition.................................................................................................................................................4
Strategy and Implementation Summary......................................................................................................4
Company and management summary........................................................................................................5
Company Ownership...................................................................................................................................5
Forecast expenses :.....................................................................................................................................5
Executive Summary
The firm “Pro-Active-Group” SRL offers tax accounting, management accounting, and training
for small business clients. To move beyond a one person model, the business will expand its
services to include bookkeeping services for small businesses. This will require an investment in
marketing and staff to grow the business to include this complementary line of business. This
business plan organizes the strategy and tactics for the business expansion and set objectives for
growth over the next three years.
Objectives
“Pro-Active-Group “ SRL has set the following objectives:
To launch the bookkeeping services slowly, beginning with two part-time bookkeepers
To achieve bookkeeping service annual revenues
To employ 8 part-time bookkeepers in three years
Opportunity
The “Pro-Active-Group “ SRL seeks to provide a full suite of tax and management accounting
services for small businesses in Republic of Moldova, allowing business owners to not only save
money over in-house accounting and ensure their compliance with tax laws, but to make
valuable management decisions from their numbers.
Keys to Success
The keys to success for the accounting business include:
Building trust with clients
Maintaining up-to-date education on accounting practices and laws
Going beyond saving clients money to proposing how they can increase their revenues
Legal and ethical practices when it comes to transparency, reporting, and taxes
Execution
The business will offer clients bookkeeping services at a price they can afford. To do this
involves hiring undergraduate student bookkeepers and a graduate student manager, keeping
fixed costs as low as possible, and continuing to define the expertise of “Pro-Active-Group
“through its website resources. The effect will be sales more than doubling over three years as 8
part-time bookkeepers are deployed to client businesses as needed.
Services
Services offered by the “Pro-Active-Group “ will include:
Tax preparation
Tax planning
Cost and Margin Analysis
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Financial Projection
Payroll processing
Accounts payable (entry, bill paying)
Accounts receivable (entry, invoicing, deposits, collection)
Sales tax processing
Bank reconciliations
Inventory management
Financial statement preparation
Other financial reporting
Competition
Major competitors in the R. Moldova market include:
outsourcing and audit firms established on the market
For bookkeeping services, the business also must compete indirectly against the prospect of
businesses hiring their own part-time bookkeepers. This gives businesses the advantage of
greater control and perhaps development of a future full-time employee. If the hire works out,
the cost can be lower for a business than an outside service. However, this can lead to employees
who are not as well-educated or experienced as bookkeepers through a bookkeeping service who
have worked with a range of businesses. Generally, the cost is lower in the long run with a
bookkeeping service, as training is done more systematically and supervisors are more
regimented and experienced.
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Company and management summary
Company Ownership
Slonovschi Octavian is founder and 100% owner of Pro-Active-Group “, a sole
proprietorship. With a start-up capital 5000$.
Slonovschi Octavian is CEO and sole manager of Pro-Active-Group. With the launch of
bookkeeping services. The manager will be with professional work experience and
bookkeeping experience, preferably at the start of his or her graduate school program so
that he or she can work through the program's two years and then be considered for a
move to a full-time position in year three. This manager will work from the Pro-Active-
Group office or remotely, checking in with the bookkeepers by email and phone to remain
apprised of the situations and problems they are facing. The manager will be present for
the bookkeepers' training by Slonovschi Octavian, so he or she will be aware of their
responsibilities and requirements.
Periodically, the manager will visit the bookkeepers on-site and also request to audit their
work directly to spot any problems before they become issues for the clients. Any issues
with the bookkeepers will be reported by the clients to the bookkeeping manager directly.
Financial Plan
The financial plan of the business requires growth financed by positive cash flows from
operations. Additional outside investment or owner investment is not necessary. The new
business line is not capital-intensive, but will increase fixed costs of the business which must be
covered almost immediately by additional revenues from bookkeeping sales. This is feasible
because it is expected that at least five current clients will use the service without hesitation as
they are ready to start using a bookkeeper or outsource their current bookkeeping.
Forecast expenses :
computer software
salaries of employees
lease of office
office expenses