Opportunity
Problem
Scope creep. The approval process is used by the consulting client to request more consulting and not more payment.
A proposal is usually part of any professional consulting business. It also refers to an engagement letter. The accepted proposal becomes the agreement between consultant and client on what’s to be done, when, and for how much money.
For tracking progress and managing ongoing projects, it is helpful to refer back to the original engagement. This will help you avoid scope creep and helps you track your progress. It’s a critical missing link for most consultants.
Solution
Overture creates proposals from building blocks of content, including text, tables and milestones. They also include date and deadline data. Overture provides ongoing progress monitoring, tickler functions and communication with clients. Secret sauce is a set of tools that can be easily managed and a framework to prevent scope creep.
Market
Prospects may include single professionals as well as small professional firms and individuals within large businesses. Pricing makes the software accessible to different levels, as little as $19.95 a month for the individual account.
Concurrence
Software that is comparable
There are numerous good proposal-management offeringsspan styling=”font: 400 ;”>.
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PandaDoc
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RFPIO
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Propose
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Qwilr
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Bidsketch
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Osmosis
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Loopio
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Nusii
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Quote Roller
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Proposable
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Octiv
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None of them address scope creep like Overture. Many are priced higher than us and few of them have the same features as we do.
The real competition
Using existing word processing software in conjunction with project administration and billing is the real competition.
Why Us?
We have a great team including three proven successful startup veterans who are in a position to invest their own funds to cover start-up investment in the middle six figures. The three of them have strong track records and strong experience in the areas of software and consulting.
We are value-driven. We believe that we’re doing something that needs doing, will help our users succeed, and will be the best possible way to spend the money they spend.
Expectations
Forecast
Our goal for the future is high growth and not profits. We want to achieve the kind of high valuations that make a good opportunity for us and our investors.
Financial Highlights for the Year
Financing Needed
We plan on a capital investment of $2.5 million.
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We are able, as three founders, to invest $240K early seed money in the building of the company to enable us to secure local angel investment.
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We intend to invest $750K in angel investments in the Spring of 2023.
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Series In Spring 2023, venture capital will be available.
