Are you about starting an AutoCAD drafting company? If YES, here is a complete sample AutoCAD drafting business plan template & feasibility report you can use for FREE.

Okay, so we have considered all the requirements for starting an AutoCAD drafting business. We also took it further by analyzing and drafting a sample AutoCAD drafting business marketing plan template backed up by actionable guerrilla marketing ideas for AutoCAD drafting machine businesses. So let’s proceed to the business planning section.

Why Start an Autocad Drafting Business?

If you have ample experience in the use of AutoCAD and you want to become your own boss, one of the businesses that you should consider starting is an AutoCAD drafting firm.

The truth is that as an AutoCAD drafting firm, there are loads of industries you can work for. You can work for the construction industry, water resources industry, oil and gas industry, production industry, engineering industry, and a host of other industries as long as they require detailed drawings. If you are looking to go into AutoCAD drafting, the good news is that you can’t get it wrong.

It is important to state that starting an AutoCAD drafting firm comes with challenges, but that does not rule out the fact that it is indeed a profitable business venture. An aspiring entrepreneur can either choose to start by choosing a niche or offer general AutoCAD services.

So, if you have decided to start an AutoCAD drafting firm, then you should ensure that you carry out thorough feasibility studies and also market survey. Business plan is yet another very important business document that you should not take for granted when launching your own AutoCAD drafting business.

Below is a sample AutoCAD drafting firm business plan template that can help you to successfully write your own with little or no difficulty.

A Sample AutoCAD Drafting Business Plan Template

  • Industry Overview

AutoCAD draftsmen play a major role in the construction industry, as a matter of fact, AutoCAD draftsmen are responsible for creating technical drawings and plans for buildings by using computer-aided design and drafting (CAD or CADD) software programs.

Drafters may work in a specialty area or be generalists. An AutoCAD drafting firm may specialize in architectural, civil, electrical, or mechanical drafting and use technical drawings to help design everything from microchips to skyscrapers.

Generally, An AutoCAD drafting services main job duty is to create technical drawings based on given specifications and calculations. Draftsmen typically work with professionals in their field, such as scientists, architects and engineers, who provide the product or structure’s details.

A close watch shows that the Drafting industry has finally begun to experience steady recovery from the economic downturn, although revenue remains below the industry’s 2007 peak due to the prolonged effects of the crash of the real estate industry. On the other hand, the construction market has recently shown signs of recovery, with the values of both residential and nonresidential construction rising over the last five years.

Furthermore, firms’ cost-cutting efforts during the economic downturn have improved profit margins, even as the industry’s workforce has once again begun to expand. Going forward, environmentally friendly designs will increase in importance to AutoCAD drafting firms as downstream construction markets continue to improve and the industry proceeds with its recovery.

The Drafting Services industry is indeed a large industry and pretty much active in most countries. Statistics has it that in the United States of America alone, there are about 80,948 registered and licensed AutoCAD drafting Services firms responsible for employing about 217,640 and the industry rakes in a whooping sum of $38 billion annually.

The industry is projected to enjoy 2.9 percent annual growth. It is important to state that there are no establishments in this industry that has a lion market share.

In reality, the Drafting Services industry is characterized by many small – scale consultants, often individual proprietors and partners who operate in narrow geographic markets. Although a majority of industry establishments do not have a payroll, non – employers generate only about 10.0 percent of the industry revenue.

The fragmented nature of this industry is also evident when comparing the size of enterprises that have employees. IBISWORLD projected that in 2016, an estimated 67.4 percent of firms with a payroll have fewer than five employees and only 1.0 percent of firms have more than 100 workers.

The industry’s low level of concentration means that no firm holds a dominant position in the market. It was also estimated that the four largest players in this industry account for less than 5.0 percent of the total revenue that was generated in the industry in 2016.

As an AutoCAD drafting firm, you can afford to partner with other firms that are into construction and building services. You can partner with construction companies, production companies, real estate firms and with the government. The bottom line is that, if you are have a robust network and you are well positioned, you can indeed maximize your AutoCAD drafting services business.

Autocad Drafting Business Plan – Executive Summary

Victory Todd® AutoCAD Drafting Firm, LLP is a US based AutoCAD drafting services firm that will be based at 12737 Hines Valley Road, Lenoir City, TN 36761.

The firm will be involved in making detailed technical drawings or plans for machinery, buildings, electronics, infrastructure, sections, et al. We will make use of the latest computer software (AutoCAD, Revit, and SolidWorks) and manual sketches to convert the designs, plans, and layouts of engineers and architects into a set of technical drawings.

We will operate as supporting developers and sketch engineering designs and drawings from preliminary design concepts. We are aware that to run a standard AutoCAD drafting firm can be demanding which is why we are well trained, certified and equipped to perform well.

Victory Todd® AutoCAD Drafting Firm, LLP is a client – focused AutoCAD drafting firm that provides broad – based services at an affordable fee that won’t in any way put a hole in the pocket of our clients. We will offer a standard and professional AutoCAD drafting services to all to our clients at local, state, national, and international level.

At Victory Todd® AutoCAD Drafting Firm, LLP, our client’s best interest would always come first, and everything we do will be guided by our values and professional ethics. We will ensure that we hire professionals who are experienced in the drafting industry.

Victory Todd® AutoCAD Drafting Firm, LLP will at all times demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible. We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely.

Our plan is to position the business to become the leading brand in the drafting services industry in the whole of Lenoir City – Tennessee, and also to be amongst the top 10 AutoCAD drafting businesses in the United States of America within the first 10 years of operation.

This might look too tall a dream but we are optimistic that this will surely be realized because we have done our research and feasibility studies and we are enthusiastic that Lenoir City – Tennessee is the right place to launch our business.

Victory Todd® AutoCAD Drafting Firm, LLP is founded by Victory Jael and Todd Brian, his business partner. The organization will be managed by both of them since they have adequate working experience to manage such business. Victory Jael has over 5 years’ experience working at various capacities within the drafting industry in the United States of America.

Victory Jael is a graduate of Columbia Graduate School of Architecture, Planning, and Preservation, Columbia University and Todd Brain graduated from School of Illinois Institute of Technology with Associate Degree in Draftsmanship. They both have the required experience and qualifications to build a world class AutoCAD drafting firm.

  • Our Services Offering

Victory Todd® AutoCAD Drafting Firm, LLP is going to offer varieties of services within drafting industry in the United States of America. Our intention of starting our AutoCAD drafting services firm is to favorably compete with leading players in the industry both in the United States of America and the world at large.

Our business offerings are listed below;

  • Aeronautical drafting services (prepare engineering drawings detailing plans and specifications used in the manufacture of aircraft, missiles, and related parts.)
  • Architectural drafting services (draw architectural and structural features of buildings and other structures.)
  • Civil drafting services (prepare drawings and topographical and relief maps used in major construction or civil engineering projects such as buildings, highways, bridges, pipelines, flood-control projects, and water and sewage systems.)
  • Electrical drafting services (prepare wiring and layout diagrams used by workers who erect, install, and repair electrical equipment and wiring in communication centers, power plants, electrical distribution systems, and buildings.)
  • Electronics drafting services (draw wiring diagrams, circuit board assembly diagrams, schematics, and layout drawings used in the manufacture, installation, and repair of electronic devices and components.)
  • Mechanical drafting services (prepare drawings showing the detail and assembly of a wide variety of machinery and mechanical devices, indicating dimensions, fastening methods, manufacturing equipment, and mechanical installation infrastructure).
  • Process piping or pipeline drafting services (prepare drawings used in the layout, construction, and operation of oil and gas fields, refineries, chemical plants, and process piping systems.)
  • Photovoltaic drafting services (prepare drawings showing inverter Pad location drawings and slab construction drawings, also prepare specific photovoltaic system assembly details.)

Our Vision Statement

Our vision is to build an AutoCAD drafting service that will become the number one choice for clients in the whole of Lenoir City – Tennessee. Our vision reflects our values: integrity, service, excellence and teamwork.

  • Our Mission Statement

Our mission is to position our AutoCAD drafting firm to become the leading brand in the drafting industry in the whole of Lenoir City – Tennessee, and also to be amongst the top 10 AutoCAD drafting services firms in the United States of America within the first 10 years of operation.

  • Our Business Structure

Normally we would have settled for two or three staff members, but as part of our plan to build a standard AutoCAD drafting services firm in Lenoir City – Tennessee, we have perfected plans to get it right from the beginning which is why we will ensure that we have competent, honest and hardworking employees to occupy all the available positions in our firm.

The kind of AutoCAD drafting business we intend building and the business goals we want to achieve is what informed the amount we are ready to pay for the best hands available in and around Lenoir City – Tennessee as long as they are willing and ready to work with us.

Below is the business structure that we will build Victory Todd® AutoCAD Drafting Firm, LLP on;

  • Chief Executive Officer/Chief Draftsman
  • Draftsmen
  • Admin and HR Manager
  • Marketing and Sales Executive
  • Accountant
  • Customer Care Executive/Front Desk Officer

Roles and Responsibilities

Chief Executive Office/Chief Draftsman:

  • Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results
  • Creating, communicating, and implementing the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
  • Responsible for fixing prices and signing business deals
  • Responsible for providing direction for the business
  • Creating, communicating, and implementing the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
  • Responsible for signing checks and documents on behalf of the company
  • Evaluates the success of the organization

Draftsmen

  • Aeronautical drafting services (prepare engineering drawings detailing plans and specifications used in the manufacture of aircraft, missiles, and related parts.)
  • Architectural drafting services (draw architectural and structural features of buildings and other structures.)
  • Civil drafting services (prepare drawings and topographical and relief maps used in major construction or civil engineering projects such as buildings, highways, bridges, pipelines, flood-control projects, and water and sewage systems.)
  • Electrical drafting services (prepare wiring and layout diagrams used by workers who erect, install, and repair electrical equipment and wiring in communication centers, power plants, electrical distribution systems, and buildings.)
  • Electronics drafting services (draw wiring diagrams, circuit board assembly diagrams, schematics, and layout drawings used in the manufacture, installation, and repair of electronic devices and components.)
  • Mechanical drafting services (prepare drawings showing the detail and assembly of a wide variety of machinery and mechanical devices, indicating dimensions, fastening methods, manufacturing equipment, and mechanical installation infrastructure).
  • Process piping or pipeline drafting services (prepare drawings used in the layout, construction, and operation of oil and gas fields, refineries, chemical plants, and process piping systems.)
  • Photovoltaic drafting services (prepare drawings showing inverter Pad location drawings and slab construction drawings, also prepare specific photovoltaic system assembly details.)
  • Travelling regularly to building sites, proposed locations and client meetings

Admin and HR Manager

  • Responsible for overseeing the smooth running of HR and administrative tasks for the organization
  • Regularly hold meetings with key stakeholders to review the effectiveness of HR Policies, Procedures and Processes
  • Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
  • Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
  • Defining job positions for recruitment and managing interviewing process
  • Carrying out induction for new team members
  • Responsible for training, evaluation and assessment of employees
  • Responsible for arranging travel, meetings and appointments
  • Oversee the smooth running of the daily office activities.

Marketing and Sales Executive

  • Identify, prioritize, and reach out to new partners, and business opportunities et al
  • Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of relevant projects.
  • Writing winning proposal documents, negotiate fees and rates in line with company policy
  • Responsible for handling business research, marker surveys and feasibility studies for clients
  • Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
  • Develop, execute and evaluate new plans for expanding increase sales
  • Document all customer contact and information
  • Represent the company in strategic meetings
  • Help increase sales and growth for the company

Accountant

  • Responsible for preparing financial reports, budgets, and financial statements for the organization
  • Create reports from the information concerning the financial transactions recorded by the bookkeeper
  • Prepare the income statement and balance sheet using the trial balance and ledgers prepared by the bookkeeper.
  • Provides managements with financial analyses, development budgets, and accounting reports
  • Responsible for financial forecasting and risks analysis.
  • Performs cash management, general ledger accounting, and financial reporting for one or more properties.
  • Responsible for developing and managing financial systems and policies
  • Responsible for administering payrolls
  • Ensuring compliance with taxation legislation
  • Handles all financial transactions for the company
  • Serves as internal auditor for the company

Client Service Executive/Front Desk Officer

  • Welcomes guests and clients by greeting them in person or on the telephone; answering or directing inquiries.
  • Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
  • Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s services
  • Manages administrative duties assigned by the manager in an effective and timely manner
  • Consistently stays abreast of any new information on the company’s products, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients
  • Receives parcels/documents for the company
  • Distribute mails in the organization
  • Handles any other duties as assigned by the line manager or supervisor

Autocad Drafting Business Plan – SWOT Analysis

Victory Todd® AutoCAD Drafting Firm, LLP engaged the services of a core professional in the area of business consulting and structuring to assist the firm in building a well – structured AutoCAD drafting services firm that can favorably compete in the industry.

Part of what the business consultant did was to work with the management of our organization in conducting a SWOT analysis for Victory Todd® AutoCAD Drafting Firm, LLP. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Victory Todd® AutoCAD Drafting Firm, LLP

  • Strength:

Our core strength lies in the power of our team; our workforce. We have a team that can give our clients value for their money; a team that are trained, qualified and equipped to deliver excellent AutoCAD drafting services. We are well positioned and we know we will attract loads of clients from the first day we open our doors for business.

  • Weakness:

As a new AutoCAD drafting services firm, it might take some time for our organization to break into the market and gain acceptance especially from corporate clients in the already saturated drafting services industry; that is perhaps our major weakness. So also, we may not have the required cash to give our business the kind of publicity we would have loved to.

  • Opportunities:

The opportunities in the drafting services industry is massive considering the number of construction, production and manufacturing companies who can’t do with the services provided by the AutoCAD drafting industry. As a standard drafting services firm, we are ready to take advantage of any opportunity that comes our way.

  • Threat:

Some of the threats that we are likely going to face as an AutoCAD drafting firm operating in the United States are unfavorable government policies, the arrival of a competitor within our location of operation and global economic downturn which usually affects construction, real estate and other related industry.

Autocad Drafting Business Plan – MARKET ANALYSIS

  • Market Trends

The drafting services industry is indeed a very large industry that works for businesses within the manufacturing, production industry and construction industries. It means that to survive as an AutoCAD drafting services firm, you would need to network with players in the aforementioned industries and not ignoring government because in most countries of the world, the government at all level are the major players in the construction industry.

It is a bit challenging for new entrants to come into this industry, the primary barrier being stiff registration requirements in most countries not just the United States of America. As a matter of fact, AutoCAD drafting firms must comply with local licensing criteria set out by registration boards to obtain registration in their country or the state they want to operate from.

This usually requires applicants to hold an accredited tertiary qualification before they can undertake written tests of skills, knowledge and abilities; and often to gain practical experience working with a local architect’s office.

A close watch of happenings in the drafting services industry shows that over the last five years, global investment into commercial building developments collapsed, leading to faltering demand for the industry’s services, particularly in the United States, Europe and Japan.

However, growth in emerging economies mitigated some of the industry’s declines. In the coming years, rising business sentiment will boost investment in building construction and for architectural design services. In addition, rising demand for environmentally friendly building will provide growth opportunities for operators.

  • Our Target Market

The demographic and psychographics composition of those who need the services of AutoCAD drafting services firm cuts across both small businesses and large corporations. Victory Todd® AutoCAD Drafting Firm, LLP will initially serve small to medium sized businesses, but that does not in any way stop us from growing to compete with leading AutoCAD drafting firms in the United States.

Our target market cuts across businesses of different sizes in both the construction and manufacturing cum production industries. Below is a list of the businesses and organizations that we have specifically design our products and services for;

  • Construction / Civil Engineering Companies
  • Real Estate Firms
  • Architectural Firms
  • Aeronautic Companies
  • Engineering Companies
  • The Government (Public Works Department)

Our Competitive Advantage

The level of competition in the industry depends largely on the location of the business and of course the business model. If you can create a unique brand identity for your AutoCAD drafting services firm or carve out a unique market, you are likely going to experience less competition.

For instance, if you are one of the few AutoCAD drafting services firms in your location that has the most qualified and experienced draftsmen under your payroll, you are likely going to have a competitive advantage over your competitors.

Victory Todd® AutoCAD Drafting Firm, LLP might be a new entrant into the drafting services industry in the United States of America, but the staff and owners of the business are considered gurus in the industry. They are highly qualified draftsmen and design experts in the United States. These are part of what will count as a competitive advantage for us.

Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category (startup AutoCAD drafting firms) in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives.

Autocad Drafting Business Plan – SALES AND MARKETING STRATEGY

We are mindful of the fact that there are stiff competitions amongst AutoCAD drafting services and other related building design service providers in the United States of America, hence we have been able to hire some of the best business developers to handle our sales and marketing.

Our sales and marketing team will be recruited base on their vast experience in the industry and they will be trained on a regular basis so as to meet their targets. We will also ensure that our excellent designs and job deliveries speaks for us in the market place.

Our goal is to grow our AutoCAD drafting firm to become one of the top 10 AutoCAD drafting services firms in the United States of America which is why we have mapped out strategies that will help us take advantage of the available market and grow to become a major force to reckon with not only in the Lenoir City – Tennessee, but also in other cities in the United States of America.

Victory Todd® AutoCAD Drafting Firm, LLP is set to make use of the following marketing and sales strategies to attract clients;

  • Introduce our AutoCAD drafting firm by sending introductory letters alongside our brochure to construction companies, real estate firms, manufacturing cum production companies and key stake holders in Lenoir City and other cities in Tennessee.
  • Promptness in bidding for AutoCAD drafting contracts from the government, construction companies, real estate firms, manufacturing cum production companies and other cooperate organizations
  • Advertise our business in relevant construction and real estate related magazines, newspapers, TV station and radio stations.
  • List our AutoCAD drafting services business on yellow pages ads (local directories)
  • Attend relevant international and local expos, seminars, and business fairs et al
  • Create different packages for different category of clients (startups and established corporate organizations) in order to work with their budgets and still deliver quality AutoCAD drafting services to them
  • Leverage on the internet to promote our AutoCAD drafting services firm
  • Engage in direct marketing approach
  • Encourage word of mouth marketing from loyal and satisfied clients

Sources of Income

Victory Todd® AutoCAD Drafting Firm, LLP is established with the aim of maximizing profits in the drafting industry and we are going to ensure that we do all it takes to attract clients on a regular basis. Victory Todd® AutoCAD Drafting Firm, LLP will generate income by offering the following AutoCAD drafting services;

  • Aeronautical drafting services (prepare engineering drawings detailing plans and specifications used in the manufacture of aircraft, missiles, and related parts.)
  • Architectural drafting services (draw architectural and structural features of buildings and other structures.)
  • Civil drafting services (prepare drawings and topographical and relief maps used in major construction or civil engineering projects such as buildings, highways, bridges, pipelines, flood-control projects, and water and sewage systems.)
  • Electrical drafting services (prepare wiring and layout diagrams used by workers who erect, install, and repair electrical equipment and wiring in communication centers, power plants, electrical distribution systems, and buildings.)
  • Electronics drafting services (draw wiring diagrams, circuit board assembly diagrams, schematics, and layout drawings used in the manufacture, installation, and repair of electronic devices and components.)
  • Mechanical drafting services (prepare drawings showing the detail and assembly of a wide variety of machinery and mechanical devices, indicating dimensions, fastening methods, manufacturing equipment, and mechanical installation infrastructure).
  • Process piping or pipeline drafting services (prepare drawings used in the layout, construction, and operation of oil and gas fields, refineries, chemical plants, and process piping systems.)
  • Photovoltaic drafting services (prepare drawings showing inverter Pad location drawings and slab construction drawings, also prepare specific photovoltaic system assembly details.)

Sales Forecast

One thing is certain, there would always be construction companies, real estate firms, manufacturing cum production companies et al who would need the services of professional AutoCAD drafters.

We are well positioned to take on the available market in Lenoir City – Tennessee and other key cities in the United States of America and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six months of operation and grow the business and our clientele base beyond Lenoir City to other cities in Tennessee.

We have been able to examine the AutoCAD drafting services firm market, we have analyzed our chances in the industry and we have been able to come up with the following sales forecast.

Below are the sales projection for Victory Todd® AutoCAD Drafting Firm, LLP, it is based on the location of our business and the wide range of AutoCAD drafting services that we will be offering to our clients;

  • First Fiscal Year: $250,000
  • Second Fiscal Year: $450,000
  • Third Fiscal Year: $1 million

N.B: This projection was done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown within the period stated above. There won’t be any major competitor offering same services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

  • Our Pricing Strategy

Pay per design, project and hourly billing is a long – time tradition in the industry. However, for some types of AutoCAD drafting services, flat fees make more sense because they allow clients to better predict service costs. As a result of this, Victory Todd® AutoCAD Drafting Firm, LLP will charge our clients a flat fee for many basic AutoCAD drafting services.

We intend to keep our fees below the average market rate by keeping our overhead low and by collecting payment in advance. We are aware that there are some clients that would need regular access to AutoCAD drafting consultancy and advisory services and assistance, we will offer flat rate for such services.

So also, we aware of government contracts, we will ensure that we abide by the bidding requirement for such contracts.

  • Payment Options

The payment policy adopted by Victory Todd® AutoCAD Drafting Firm, LLP  is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.

Here are the payment options that Victory Todd® AutoCAD Drafting Firm, LLP  will make available to her clients;

  • Payment via bank transfer
  • Payment via online bank transfer
  • Payment via check
  • Payment via bank draft

In view of the above, we have chosen banking platforms that will enable our client make payment for our services without any stress on their part. Our bank account numbers will be made available on our website and promotional materials.

Autocad Drafting Business Plan – Publicity and Advertising Strategy

Any business that wants to grow beyond the corner of the street or the city they are operating from must be ready and willing to utilize every available means to advertise and promote the business. We intend growing our business which is why we have perfected plans to build our brand via every available means.

Below are the platforms we will leverage on to boost our brand and to promote and advertise our business;

  • Place adverts on community – based newspapers, radio station and TV stations.
  • Encourage the use of word of mouth publicity from our loyal customers
  • Leverage on the internet and social media platforms like; YouTube, Instagram, Facebook, Twitter, LinkedIn, Snapchat, Google+ and other platforms to promote our business.
  • Ensure that we position our banners and billboards in strategic positions all around Lenoir City – Tennessee
  • Distribute our fliers and handbills in target areas in and around our neighborhood
  • Advertise our business in our official website and employ strategies that will help us pull traffic to the site
  • Brand all our official cars and ensure that all our staff members wear our branded shirt or cap at regular intervals.

Autocad Drafting Business Plan – Financial Projections and Costing

When it comes to calculating the cost of starting an AutoCAD drafting firm, there are some key factors that should serve as a guide. This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business.

The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked. As for the detailed cost analysis for starting an AutoCAD drafting services firm business; it might differ in other countries due to the value of their money.

Below are some of the basic areas we will spend our startup capital in setting up our AutoCAD drafting services firm;

  • The total fee for incorporating the Business in the United States of America – $750.
  • The total cost for payment of insurance policy covers (general liability, workers’ compensation and property casualty) coverage at a total premium – $9,400
  • The amount needed to acquire a suitable Office facility in a business district 6 months (Re – Construction of the facility inclusive) – $25,000
  • The total cost for hiring Business Consultant – $2,500
  • The Cost for equipping the office (computers, printers, fax machines, furniture, telephones, filing cabins, safety gadgets and electronics et al) – $ 5,000
  • Marketing expenses for Victory Todd® AutoCAD Drafting Firm, LLP in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of $3,580.
  • The cost for purchase of the required software applications (Computer software (AutoCAD, Revit, and SolidWorks), CRM software, and Accounting Software et al) – $7,500
  • The cost of launching our official Website – $600
  • Budget for paying at least three employees for 3 months plus utility bills – $10,000
  • Additional Expenditure (Business cards, Signage, Adverts and Promotions et al) – $2,500
  • Miscellaneous: $1,000

Going by the report from the market research and feasibility studies conducted, we will need over fifty – five thousand (55,000) U.S. dollars to successfully setup a small scale but standard AutoCAD drafting services firm in the United States of America.

Generating Funds/Startup Capital for Victory Todd® AutoCAD Drafting Firm, LLP

Victory Todd® AutoCAD Drafting Firm, LLP is owned and managed by Victory Jael and his business partner Todd Brain. They are the only financier of the firm, but may likely welcome partners later which is why they decided to restrict the sourcing of the startup capital for the business to just three major sources.

  • Generate part of the startup capital from personal savings
  • Source for soft loans from family members and friends
  • Apply for loan from the Bank

N.B: We have been able to generate about $20,000 (Personal savings $15,000 and soft loan from family members $5,000) and we are at the final stages of obtaining a loan facility of $35,000 from our bank. All papers and documents have been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

AUTOCAD DRAFTING BUSINESS GROWTH: Sustainability and Expansion Strategy

The future of a business lies in the number of loyal customers that they have, the capacity and competence of their employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.

One of our major goals of starting Victory Todd® AutoCAD Drafting Firm, LLP is to build a business that will survive off its own cash flow without injecting finance from external sources once the business is officially running. We know that one of the ways of gaining approval and winning customers over is to offer our wide range of AutoCAD drafting services a little bit cheaper than what is obtainable in the market and we are prepared to survive on lower profit margin for a while.

Victory Todd® AutoCAD Drafting Firm, LLP will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner of our business strategy.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more as determined by the board of the organization. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List/Milestone

  • Business Name Availability Check: Completed
  • Business Incorporation: Completed
  • Opening of Corporate Bank Accounts: Completed
  • Opening Online Payment Platforms: Completed
  • Application and Obtaining Tax Payer’s ID: In Progress
  • Application for business license and permit: Completed
  • Securing a standard office facility (renovation of the facility inclusive): Completed
  • Purchase of Insurance for the Business: Completed
  • Conducting Feasibility Studies: Completed
  • Generating part of the startup capital from the founder: Completed
  • Applications for Loan from our Bankers: In Progress
  • Writing of Business Plan: Completed
  • Drafting of Employee’s Handbook: Completed
  • Drafting of Contract Documents: In Progress
  • Design of The Company’s Logo: Completed
  • Printing of Packaging Marketing/Promotional Materials: Completed
  • Recruitment of employees: In Progress
  • Purchase of the needed software applications, furniture, office equipment, electronic appliances and facility facelift: In progress
  • Creating Official Website for the Company: In Progress
  • Creating Awareness for the business (Business PR): In Progress
  • Health and Safety and Fire Safety Arrangement: In Progress
  • Establishing business relationship with vendors and key players in various industries: In Progress.