Pyramid Engineering is a firm specializing in mechanical, electrical, plumbing and fire protection. We provide engineering, design and consulting services on government, educational, health care and commercial facilities, and through subcontracting with architects working on such facilities. The firm provides engineering services using technologically superior processes, providing greater value for clients and enhanced design and construction.
The target clients are architectural firms. The targeted work is segmented into five categories: educational, health care, commercial and government facilities, and contractors. Pyramid's competitive edge will be our knowledge of digital-based design resources. Superior customer service will also be a point of firm differentiation. Implementation of a quality control and assurance program will also provide a focus for production.
Pyramid Engineering, P.C. was created as a professional corporation chartered in Pennsylvania. The company is privately owned by the four founding partners: John Lavoie, Tom Heasley, John Solarczyk and Eric Haugh, all licensed engineers, with a combined 90 years of experience in their fields.
Year 1 sales are expected to exceed £350,000 and increase to in excess of £400,000 by the end of Year 2. The current year will mark the first year of profitability with expected profits rising significantly by the end of Year 3.
The most significant challenges ahead include expanding the client base, and ultimately positioning the firm to have a presence in a larger global market.
This business plan outlines the objective, focus, and implementation of this firm. We are seeking an additional £26,000 of short-term borrowing to maintain our cash flow over the next year as we become profitable.
Our mission is to provide top quality professional engineering service for construction and related activities to a balanced mix of public and private clients. We are committed to high standards of client service, staff development, ethical practice and reasonable profit.
Our clients will seek us out for our reputation as a truly integrated engineering firm whose ability to collaborate extends beyond our own walls to embrace our clients, the entire project team and the surrounding community.
We will be recognized for our design excellence, systems integration and commitment to sustainability. Our designs will advance the concept of the unity of people, materials and environment which function as a greater whole.
We seek to add value through innovation and creativity, aligning ourselves with our clients' goals, delivering services that meet their quality, schedules and cost objectives.
Pyramid has identified the following objectives:
Revenues of £350,000 in Year 1, approaching £400,000 at the end of 5 years.
Achieve 10% of market at the end of the fifth year of operation.
Reach profitability within three years.
Become a premier engineering firm in western and central Pennsylvania within five years.
1.3 Keys to Success
Pyramid has identified several keys to success that will be instrumental in creating a sustainable business. If these keys are followed, the likelihood of success will significantly increase.
Excellence in providing professional quality services on time and on budget.
Developing visibility to generate new business leads.
Developing a follow-up strategy to gauge performance with clients.
Implementing and maintaining a quality control and assurance policy.
Leveraging expertise from our combined experience into multiple revenue generation opportunities: mechanical, electrical, plumbing, fire protection, and project consulting.