SASOS CPAs, LLA: Start-Up Business Analysis Essay

Exclusively available on Available only on IvyPanda® Made by Human No AI

SASOS CPAs, LLA is a start-up business that is expected to make good profits. The company’s end of year revenue is expected to reach around three hundred and seventy thousand dollars. Most of this revenue is expected to come from business conducted with non-profit organizations. The company is solely an accounting firm. This means that its diversification is mostly limited. SASOS CPAs, LLA targets even small organizations and individuals. These two groups do not usually have access to personal or fulltime accountants. The company has to rely on leased office space and this translates into a start up as well as a recurring cost. The company’s office does not require a lot of furniture. Three chairs and desks are to be mixed with other aesthetics to constitute a presentable office. The firms’ operations will mostly rely on up to date software programs. Initially, the business will rely on a staff of three permanent employees. The amount of invested startup capital is expected to be $5,262.06.

The location of this company will be Baltimore, Maryland. The market potential of this region is quite promising. This is because SASOS CPAs targets individuals and companies alike. The number of business organizations coming up in the Maryland area is quite high. In addition, small businesses like cafes and convenience stores may enlist the services of this company. This is mostly due to the fact that the company’s charges are quite standard as compared to the usual exorbitant costs associated with accounting.

Currently, accounting services only peak during a few months a year. This makes it hard for the business to maximize its business potential. This is because the other aspects of the company’s business are less abundant and more competitive. Moreover, most clients prefer to use more established and reputable firms for their bookkeeping and financial statement preparation. This means it will take time for SASOS CPAs to amass clients from these categories.

The Company’s expected revenue margins are quite realistic. Audit jobs are expected to rein in most revenue with tax preparations coming in second. This target can be achieved. However, getting audit clients in the first few years is a big challenge. Most companies have long-term auditors and it is not easy for them to switch such services. Achieving the targeted revenue from audit-based services depends on the company’s public relations policy. The company needs to cushion this by ensuring that it reaches its target when it comes to tax preparation services. Another way to cover for this misgiving is by targeting smaller businesses and individuals.

Reliance on basic software programs may also prove to be a challenge for SASOS CPAs. This is because most of the targeted clients are conversant with such programs. This fact may make such potential clients to dismiss the company as a “college startup”. For the company to be profitable, it should try to stay abreast technology wise.

The company faces stiff competition from other accounting firms both in Maryland and across the country. However, economic predictions show that Maryland is quite viable economically. To deal with this competition, the company may have to increase its advertising budget as well as diversify its advertising platform.

The company’s potential for making profit is a reality. Statistically, most companies fail within the first two years. SASOS CPAs has cushioned this by ensuring that the company has a saved up income. Its location is also quite favorable. The company has a real potential for making profit. However, this will depend on the consistency of the owner and the success of its advertising methods.

More related papers Related Essay Examples
Cite This paper
You're welcome to use this sample in your assignment. Be sure to cite it correctly

Reference

IvyPanda. (2020, July 21). SASOS CPAs, LLA: Start-Up Business Analysis. https://ivypanda.com/essays/sasos-cpas-lla-start-up-business-analysis/

Work Cited

"SASOS CPAs, LLA: Start-Up Business Analysis." IvyPanda, 21 July 2020, ivypanda.com/essays/sasos-cpas-lla-start-up-business-analysis/.

References

IvyPanda. (2020) 'SASOS CPAs, LLA: Start-Up Business Analysis'. 21 July.

References

IvyPanda. 2020. "SASOS CPAs, LLA: Start-Up Business Analysis." July 21, 2020. https://ivypanda.com/essays/sasos-cpas-lla-start-up-business-analysis/.

1. IvyPanda. "SASOS CPAs, LLA: Start-Up Business Analysis." July 21, 2020. https://ivypanda.com/essays/sasos-cpas-lla-start-up-business-analysis/.


Bibliography


IvyPanda. "SASOS CPAs, LLA: Start-Up Business Analysis." July 21, 2020. https://ivypanda.com/essays/sasos-cpas-lla-start-up-business-analysis/.

If, for any reason, you believe that this content should not be published on our website, please request its removal.
Updated:
This academic paper example has been carefully picked, checked and refined by our editorial team.
No AI was involved: only quilified experts contributed.
You are free to use it for the following purposes:
  • To find inspiration for your paper and overcome writer’s block
  • As a source of information (ensure proper referencing)
  • As a template for you assignment
Privacy Settings

IvyPanda uses cookies and similar technologies to enhance your experience, enabling functionalities such as:

  • Basic site functions
  • Ensuring secure, safe transactions
  • Secure account login
  • Remembering account, browser, and regional preferences
  • Remembering privacy and security settings
  • Analyzing site traffic and usage
  • Personalized search, content, and recommendations
  • Displaying relevant, targeted ads on and off IvyPanda

Please refer to IvyPanda's Cookies Policy and Privacy Policy for detailed information.

Required Cookies & Technologies
Always active

Certain technologies we use are essential for critical functions such as security and site integrity, account authentication, security and privacy preferences, internal site usage and maintenance data, and ensuring the site operates correctly for browsing and transactions.

Site Customization

Cookies and similar technologies are used to enhance your experience by:

  • Remembering general and regional preferences
  • Personalizing content, search, recommendations, and offers

Some functions, such as personalized recommendations, account preferences, or localization, may not work correctly without these technologies. For more details, please refer to IvyPanda's Cookies Policy.

Personalized Advertising

To enable personalized advertising (such as interest-based ads), we may share your data with our marketing and advertising partners using cookies and other technologies. These partners may have their own information collected about you. Turning off the personalized advertising setting won't stop you from seeing IvyPanda ads, but it may make the ads you see less relevant or more repetitive.

Personalized advertising may be considered a "sale" or "sharing" of the information under California and other state privacy laws, and you may have the right to opt out. Turning off personalized advertising allows you to exercise your right to opt out. Learn more in IvyPanda's Cookies Policy and Privacy Policy.

1 / 1