Retirement Plan Consultants 1 Page Business Plan

Fiduciary, education, & administration services Business Plan

Retirement Plan Consultants 1 Page Business Plan

Overview

Retirement Plan Consultants has a clear business objective to develop, produce, promote and distribute Fiduciary, education, & administration services products and services. These products and services have been developed over 2 months with a core focus on addressing the key customer problem and associated opportunities.

The Business Objectives

When as a key component of our growth strategy we consider it critical to identify and outline our business objectives, and align these objectives with clear and measurable development milestones. Our key long term business objective is to acquire new customers. Customer acquisition is considered to be the critical activity and we are seeking to grow the number of customers. We understand that customer growth could be at the expense of profitability, and that there is a cost associated with customer acquisition. Our long term objective is to build a clear customer acquisition process.

The Customer

Retirement Plan Consultants has been created with a clear focus on the needs of our customers. Through a structured customer discovery process, we have validated the key customer problem as Exposure to plan sponsor fiduciary risks as it relates to their investment and administrative duties.. This is a critical issue for our selected target market of Publics sector DB and DC retirement plans..

The Value Proposition

Retirement Plan Consultants is uniquely positioned to deliver value to Publics sector DB and DC retirement plans.. "Retirement Plan Consultants will RPC is designed to help plan sponsors better achieve their fiduciary responsibilities while achieving greater participation outcomes through a customized education and communication program.." In order to be deliver on this value proposition, we Over 20 years of experience selling, servicing, and educating public sector employees on their retirement plans.. This capability has taken considerable time and resources to develop and forms the cornerstone of our competitive advantage.

Competitors

We have a number of competitors within the Fiduciary, education, & administration services market. We consider our key competitors to be: The Bogdahn Group, BCA, Mercer, Segal, Hyas, Arnerich Massena, PFM Asset Mgmt., & Bolton Partners.. Our understanding of these competitors has been used to refine our strategy and value proposition. We believe that we can compete effectively with The Bogdahn Group, BCA, Mercer, Segal, Hyas, Arnerich Massena, PFM Asset Mgmt., & Bolton Partners. by Public sector retirements plans are a niche market and we over 20 years specializing on both the plan sponsor side and provider side gives RPC a competitive advantage in understanding their clients..

Key Strategies

Over the next 6 months our focus will be to Hire a regional sales consultant.. This task will be undertaken in the context of our broader strategy to Attend all regional industry retirement plan conferences.. These strategies are a tactical implementation of our overall business goal as outlined above.

Milestones

Measurement of the successful implementation of our strategies will be governed by measurable development milestones. The milestones that will be achieved over the next 2 years are: Launch Consultive Services Win 10 new public sector contracts Win 10 participant education contracts

About this document
Fiduciary, education, & administration services Business Plan
This document was created by Richard of Retirement Plan Consultants using the 5 minute Business Plan App. This technology and approach is powered by HyperQuestions.

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