Cybersecurity Business Plan Template
Written by Dave Lavinsky
Cybersecurity Business Plan
You’ve come to the right place to create your Cybersecurity business plan.
We have helped over 1,000 entrepreneurs and business owners create business plans and many have used them to start or grow their Cybersecurity businesses.
Below is a template to help you create each section of your Cybersecurity business plan.
Executive Summary
Business overview.
The Cyber Guardian business is a startup cybersecurity company located in Burlingame, California. The company was founded by Lynn Frederick, who has a fifteen-year history working in the cybersecurity industry, in increasingly responsible roles. This expertise positions him to start and effectively grow a successful cybersecurity company. Lynn believes his coding and managerial experience, coupled with a deep knowledge of cybersecurity practices will provide everything needed for long-term growth and profitability.
Cyber Guardian is a cutting-edge cybersecurity startup dedicated to providing robust cybersecurity solutions to small and medium enterprises (SMEs). Founded by cybersecurity expert Lynn Frederick, Cyber Guardian leverages advanced technologies and deep industry experience to protect clients’ digital assets.
Product Offering
The following are the services that Cyber Guardian will provide:
- Vulnerability Assessment
- Managed Security Services
- Incident Response
- Cybersecurity Training & Awareness
Customer Focus
The primary customers of Cyber Guardian are SMEs across various sectors such as finance, healthcare, and retail, which are increasingly vulnerable to cyber threats but often lack the resources to maintain a full-fledged internal cybersecurity team.
Management Team
Cyber Guardian is owned and operated by Lynn Frederick, who graduated from UC Berkely with a bachelor’s degree in Software Security. Since his graduation, Lynn has been working at a large cybersecurity company in increasingly responsible roles. Lynn’s knowledge, skill, and customer service orientation prompted several customers to encourage him to launch his own company, stating they trust him above all others, and would follow him to the new firm. As he considered starting his own company, Lynn began securing contracts from these clients, ensuring they will follow him to Cyber Guardian when the company fully launches.
Lynn Frederick has recruited Gloria Perlman, who also attended UC Berkeley, to be the Administrative Manager in the new company. In this role, Gloria will oversee and direct staff members in the execution of the company vision, as well as run the back office operation and bookkeeping.
Success Factors
Cyber Guardian will be able to achieve success by offering the following competitive advantages:
- Friendly, knowledgeable, and highly-qualified team of IT professionals
- Services that leverage cutting-edge technology and techniques for maintaining security
- Cyber Guardian offers the best pricing in town, with a comparatively cost effective pricing structure.
Financial Highlights
Cyber Guardian is seeking $175,000 in debt financing to launch its cybersecurity operation. The funding will be dedicated toward securing the office space and purchasing technology and setting up the necessary infrastructure. Funding will also be dedicated toward three months of overhead costs to include payroll of the staff, rent, and marketing costs for the print ads and marketing costs. The breakout of the funding is below:
- Office space build-out: $10,000
- Technology and infrastructure: $50,000
- Three months of overhead expenses (payroll, rent, utilities): $100,000
- Marketing costs: $5,000
- Working capital: $10,000
The following graph outlines the financial projections for Cyber Guardian.
Company Overview
Who is cyber guardian.
Cyber Guardian is a newly established, full-service cybersecurity company in Burlingame, California. Cyber Guardian will be the most reliable, cost-effective, and efficient cybersecurity choice in the city and the surrounding communities. Cyber Guardian will provide a tailored menu of cybersecurity solutions designed to protect SMEs from the growing threats of cyberattacks, ensuring business continuity and regulatory compliance.
Lynn Frederick will serve as manager and mentor to each of his team members, all of whom are highly qualified in their own right, and experienced in the most important aspects of cybersecurity. Cyber Guardian offers peace of mind for all its clients and ensures all issues are taken care of expeditiously while delivering the best customer service.
Cyber Guardian History
Cyber Guardian is owned and operated by Lynn Frederick. As a former cybersecurity manager for several years, he developed a unique capability to design and implement cybersecurity solutions that clearly reflect his skills and abilities. The company is built on the foundation of its founder’s extensive industry expertise and a deep understanding of the cybersecurity challenges faced by SMEs. Furthermore, Lynn Frederick has gained the trust and commitment of several clients in advance of opening his business and has begun to sign contracts with each to provide tailored cybersecurity solutions once the company launches.
Since incorporation, Cyber Guardian has achieved the following milestones:
- Registered Cyber Guardian, LLC to transact business in the state of California.
- Has a contract in place for a 10,000 square foot office at one of the midtown buildings
- Reached out to numerous contacts to include Cyber Guardian in upcoming advertising and marketing programs.
- Began recruiting a staff of experienced IT professionals to work at Cyber Guardian
Cyber Guardian Services
Cyber Guardian offers end-to-end security services, from risk assessments and monitoring to incident response and recovery, alongside continuous updates and training to cope with evolving threats.
The following will be the services Cyber Guardian will provide:
- Performance reports and analytics: weekly reports to clients
- Superior day to day client management
Industry Analysis
The cybersecurity market is growing due to increasing internet penetration, a surge in cybercrime, and stringent regulatory requirements. The demand for cybersecurity solutions is expected to rise, especially among SMEs, which are typically less well-protected.
The cybersecurity industry is expected to reach $78.3 billion this year, and continue to grow at an annual rate of 7.7% over the next five years.
Cybersecurity is becoming increasingly important, as companies, governments, and individuals are more and more reliant on IT systems, which are vulnerable to malicious actions. This digital transformation has made security a priority for organizations of every size.
The cybersecurity software industry is growing due to increasing threats of hacking and malware. Rising sales, limited costs and a reliance on skilled labor have contributed to strong profits. Developers invest heavily in research and development to stay ahead of the game. Purchases costs vary depending on the developer, but are diminishing as cloud computing limits the need for hardware.
Customer Analysis
Demographic profile of target market.
Cyber Guardian will target companies that currently utilize cybersecurity and those that have a need for cybersecurity in Burlingame, California and, in the greater San Francisco region. The company will target small-to-medium sized businesses who have not yet acquired cybersecurity, as well as larger corporations without an effective cybersecurity solution.
Customer Segmentation
Cyber Guardian will primarily target the following customer profiles in the Bay Area:
- Finance SMEs: High-value transactions and regulatory compliance needs.
- Healthcare SMEs: Require protection of sensitive patient data.
- Retail SMEs: Need to secure consumer data and e-commerce platforms.
Competitive Analysis
Direct and indirect competitors.
Cyber Guardian will face competition from other companies with similar business profiles. A description of each competitor company is below.
IT Partners
Established in 2000, IT Partners is an IT managed services company that provides managed IT services throughout North America. IT Partners is equipped to offer a comprehensive range of IT solutions for businesses of all sizes. Solutions include cloud computing solutions, cybersecurity defense, network design and implementation, critical incident response, and 24/7 help desk support. The company uses a proactive approach to focus on prevention and designs customized strategies tailored to each client’s specific requirements and goals. IT Partners has over 250 IT professionals on its team and has served over 1,900 businesses. The company provides solutions for various industries, including accounting, architecture, engineering, construction, education, finance, healthcare, hospitality, insurance, legal, manufacturing, retail, recruiting/staffing, real estate, and non-profits.
Service Offerings Include:
- Managed IT Services
- Internal IT Support
- Virtual CIO
- Network Management
- Cybersecurity Protection
- Backup Monitoring/Remediation
- Device Management
- Patch Management
- Cloud Solutions
- Delmiaworks Support (IQMS)
- Amazon Web Services (AWS Cloud services, AWS Cloud migration, AWS managed cloud, AWS application modernization, AWS serverless architecture)
Bay Area Technology Solutions
Established in 1996, Bay Area Technology Solutions (BATS) is an IT services company that specializes in IT support and cybersecurity solutions for Bay Area businesses. BATS employs a team of highly credentialed technology professionals with expertise in a wide range of services, from remote help desk to on-site support, storage, server consolidation, virtualization, wireless, business continuity, archiving, POS systems, cybersecurity, and data center builds.
- Cybersecurity Services
- Application Support & Development
- Voice over IP (VoIP) Services
Miklos Technologies
Established in 1997, Miklos Technologies (Miklos IT) is a managed IT services company that serves businesses throughout the United States. Miklos IT supports numerous industries, including healthcare, logistics, finance, professional services, manufacturing, real estate, retail, ecommerce, construction, engineering, architecture, legal, private equity, education, non-profit, science, hospitality, and entertainment companies. Miklos IT provides four key service areas: technology consulting, IT, software, and marketing. The company offers business and technology consulting in various areas such as business transformation, growth & strategy planning, IT regulation compliances, mergers & acquisitions, technology risk assessments, operations, marketing brand strategy, sales, and recruiting & staffing.
- Managed IT Services & Security
- Software Development
- Ecommerce & Custom Websites
- Digital Marketing
- IT Consulting
- Support & Advance Custom Software
- Cybersecurity
- Systems Integration
- Cloud Computing & Migrations
Competitive Advantage
Cyber Guardian will be able to offer the following advantages over their competition:
- Friendly, knowledgeable, and highly-qualified team of experienced IT professionals
- Comprehensive menu of personalized, SME-focused solutions
- Cyber Guardian offers flexible pricing models designed to cater to the specific needs of smaller businesses.
Marketing Plan
Brand & value proposition.
Cyber Guardian will offer a unique value proposition to its clientele:
- Highly-qualified team of skilled employees who are able to provide a comprehensive cybersecurity program that brings peace of mind to their clients
- Experience with keeping abreast of evolving threats and security issues
- Flexible pricing models
Promotions Strategy
The promotions strategy for Cyber Guardian is as follows:
Word of Mouth/Referrals
The founder of Cyber Guardian has built an extensive list of contacts over the years by providing exceptional service and highly skilled and effective cybersecurity services. Many of these contacts and clients will follow the founder to the new company and help spread the word of Cyber Guardian.
Professional Associations and Networking
Industry associations and local networking will become a top priority for the team at Cyber Guardian. The management team will seek active leadership roles, which will expand its credibility within the industry.
Social Media Marketing
Cyber Guardian will focus primarily on marketing its services and on maximizing relationship opportunities via social media efforts.
Website/SEO Marketing
Cyber Guardian’s website will be well organized, informative, and list all the services that Cyber Guardian provides. Further, the company will engage in SEO marketing tactics so that anytime someone searches online for “cybersecurity company” or “cybersecurity company near me,” Cyber Guardian will be listed at the top of the search results.
Operations Plan
The following will be the operations plan for Cyber Guardian. Operation Functions:
- Lynn Frederick will be the owner and President of the company. He will manage client relations. Lynn Frederick has spent the past year recruiting the following staff:
- Gloria Perlman will be the Administrative Manager, and will oversee and direct staff members in the execution of the company vision, as well as run the back office operation and bookkeeping.
Milestones:
Cyber Guardian will have the following milestones completed in the next six months.
- 5/1/202X – Finalize contract to lease office space
- 5/15/202X – Finalize personnel and staff employment contracts for Cyber Guardian
- 6/1/202X – Finalize contracts for Cyber Guardian clients
- 6/15/202X – Begin networking at industry events
- 6/22/202X – Begin moving into Cyber Guardian office
- 7/1/202X – Cyber Guardian opens its doors for business
Financial Plan
Key revenue & costs.
The revenue drivers for Cyber Guardian are the fees charged for deployed solutions. Strong growth and a recurring revenue model, with client bases growing to generate a consistent revenue stream, also support profitability.
The cost drivers will be the overhead costs required to staff Cyber Guardian. The expenses will be the payroll cost, rent, utilities, technology and software costs.
Funding Requirements and Use of Funds
Key assumptions.
The following outlines the key assumptions required achieve the revenue and cost numbers in the financials and in order to pay off the startup business loan.
- Number of clients Per Month: 20
- Average revenue per Month: $200,000
- Office Lease per Year: $100,000
Financial Projections
Income statement, balance sheet, cash flow statement, cybersecurity business plan faqs, what is a cybersecurity business plan.
A cybersecurity business plan is a plan to start and/or grow your cybersecurity business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections. You can easily complete your Cybersecurity business plan using our Cybersecurity Business Plan Template here .
What are the Main Types of Cybersecurity Businesses?
There are a number of different kinds of cybersecurity businesses, some examples include: Remote security center services, Cloud security services, Vulnerability scan & management, and Endpoint security services.
How Do You Get Funding for Your Cybersecurity Business Plan?
Cybersecurity businesses are often funded through small business loans. Personal savings, credit card financing and angel investors are also popular forms of funding.
What are the Steps To Start a Cybersecurity Business?
Starting a cybersecurity business can be an exciting endeavor. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster. 1. Develop A Cybersecurity Business Plan - The first step in starting a business is to create a detailed cybersecurity business plan that outlines all aspects of the venture. This should include potential market size and target customers, the services or products you will offer, pricing strategies and a detailed financial forecast. 2. Choose Your Legal Structure - It's important to select an appropriate legal entity for your cybersecurity business. This could be a limited liability company (LLC), corporation, partnership, or sole proprietorship. Each type has its own benefits and drawbacks so it’s important to do research and choose wisely so that your cybersecurity business is in compliance with local laws. 3. Register Your Cybersecurity Business - Once you have chosen a legal structure, the next step is to register your cybersecurity business with the government or state where you’re operating from. This includes obtaining licenses and permits as required by federal, state, and local laws. 4. Identify Financing Options - It’s likely that you’ll need some capital to start your cybersecurity business, so take some time to identify what financing options are available such as bank loans, investor funding, grants, or crowdfunding platforms. 5. Choose a Location - Whether you plan on operating out of a physical location or not, you should always have an idea of where you’ll be based should it become necessary in the future as well as what kind of space would be suitable for your operations. 6. Hire Employees - There are several ways to find qualified employees including job boards like LinkedIn or Indeed as well as hiring agencies if needed – depending on what type of employees you need it might also be more effective to reach out directly through networking events. 7. Acquire Necessary Cybersecurity Equipment & Supplies - In order to start your cybersecurity business, you'll need to purchase all of the necessary equipment and supplies to run a successful operation. 8. Market & Promote Your Business - Once you have all the necessary pieces in place, it’s time to start promoting and marketing your cybersecurity business. This includes creating a website, utilizing social media platforms like Facebook or Twitter, and having an effective Search Engine Optimization (SEO) strategy. You should also consider traditional marketing techniques such as radio or print advertising.
Cyber Security Business Plan Template
If you want to start a cyber security business or expand your current cyber security business, you need a business plan.
The following Cyber Security business plan template gives you the key elements to include in a winning Cyber Security business plan. In addition to this template, a solid plan will also include market research to help you better understand market trends, your competitive advantage and your target customers. It will also help you craft your marketing plan and strong financial projections.
You can download our cyber security business plan template (including a full, customizable financial model) to your computer here.
Cyber Security Business Plan Example
Below is a cyber security business plan example with each of the key sections to help you write a cyber security business plan for your own company.
I. Executive Summary
Business overview.
[Company Name] is a new cybersecurity company located in [Location]. We comprise a team of experienced cybersecurity professionals who have a passion for protecting businesses from cyber threats. [Company Name] offers a wide range of cybersecurity services, including vulnerability assessment, incident response and forensics, 24/7 network monitoring, and endpoint protection.
[Company Name] is committed to providing its customers with the best possible cybersecurity protection. The company uses the latest security technologies and employs a team of highly skilled security professionals who are constantly monitoring for threats. [Company Name] also offers a 24/7/365 security operations center that is available to respond to any security incidents that may occur. Though we are currently a small enterprise, we aim to compete with national brands within the next five years.
Products Served
[Company Name] provides local and national businesses with a suite of cybersecurity services to help them protect their data, systems, and networks from a variety of threats. These services include:
- Vulnerability assessment
- Managed security services
- Incident response services
- Penetration testing
- Security awareness training
- Data protection services
- 24/7 network monitoring
- Endpoint protection
Customer Focus
[Company Name] will primarily serve healthcare, fintech, and retail businesses within a 20-mile radius of our location.
- 2,000 businesses
- Average of 50 employees
- Top represented sector: Retail stores
- Average annual payroll of $1.5 million
Management Team
[Company Name]’s most valuable asset is the expertise and experience of its founder, [Founder’s Name]. [Founder’s Name] has been a cybersecurity professional and consultant for the past 20 years. He has worked with several Fortune 500 companies, helping them to protect their data from cyberattacks. He is a recognized expert in the field of cybersecurity and understands modern cyber threats better than anyone. [Founder’s Name] is eager to apply his decades of experience and knowledge to a new start-up cybersecurity firm.
Success Factors
[Company Name] is uniquely qualified to succeed due to the following reasons:
- [Company Name] will fill a specific market niche in the growing community we are entering. In addition, we have surveyed local businesses and received extremely positive feedback saying that they explicitly want to make use of our services when launched.
- Our location is in an economically vibrant area where new businesses are starting at a fast rate.
- The management team has a track record of success in the small business cybersecurity business.
- The local area is currently underserved and has few independent cybersecurity firms offering our services.
Financial Highlights
[Company Name] is currently seeking $300,000 to launch. Specifically, these funds will be used as follows:
- Office design/build: $100,000
- Equipment and supplies: $50,000
- Working capital: $150,000 to pay for marketing, salaries, and lease costs until [Company Name] reaches break-even
Top line projections over the next five years are as follows:
II. Company Overview
Who is [company name].
[Company Name] is committed to providing its customers with the best possible cybersecurity protection. The company uses the latest security technologies and employs a team of highly skilled security professionals who are constantly monitoring for threats. [Company Name] also offers a 24/7/365 security operations center that is available to respond to any security incidents that may occur.
[Company Name] is a trusted partner for businesses of all sizes. The company is led by [Founder’s Name], a recognized expert in the field of cybersecurity. With his leadership and expertise, [Company Name] is sure to become one of the leading cybersecurity firms in the nation in the next few years.
[Company Name]’s History
[Founder’s Name] has spent the past year researching what it takes to establish a cybersecurity business. He has analyzed the costs, market, demographics, and local competition. [Founder’s Name] has compiled enough information to develop his business plan in order to approach investors.
After completing his research, [Founder’s Name] incorporated [Company Name] on [Date of Incorporation] as an S-corporation. The business is currently being run out of [Founder’s Name]’s home, but once the lease on [Company Name]’s office location is finalized, all operations will be run from there.
Since incorporation, the company has achieved the following milestones:
- Found an office location
- Developed the company’s name, logo, and website located at [website]
- Determined equipment and fixture requirements
- Began recruiting key employees
[Company Name]’s Products/Services
Iii. industry analysis.
Cybersecurity is an essential industry in a modern world threatened by frequent cyber-attacks. The services they provide help protect businesses and individuals from a variety of cyber threats, including data breaches, malware attacks, and ransomware.
According to Grand View Research, the global cybersecurity industry was valued at $202 billion in 2022 and is expected to grow at a CAGR of 12.3% from now until 2030. This growth is being driven by a number of factors, including:
- The increased usage of devices connected to the internet : The number of devices connected to the internet has been growing exponentially in recent years, and this trend is expected to continue. As more and more devices are connected to the internet, they become more vulnerable to cyber-attacks.
- The increased frequency of cyber attacks worldwide : Cyber attacks are becoming more common and more sophisticated. These attacks can have a devastating impact on businesses and individuals, resulting in financial losses, data breaches, and even loss of life.
- The growing awareness of the importance of cybersecurity : In recent years, there has been a growing awareness of the importance of cybersecurity. Businesses and individuals are becoming more aware of the risks of cyber-attacks and are taking steps to protect themselves. This increased awareness is driving demand for cybersecurity products and services.
The growth of the cybersecurity industry is expected to continue in the coming years. As these trends continue, we expect that [Company Name] will be able to succeed in local and national markets as a dependable cybersecurity firm.
IV. Customer Analysis
Demographic profile of target market.
[Company Name] will primarily serve local businesses located within 20 miles of our location. We expect most of our target market to include healthcare, retail, and fintech businesses. These businesses are typically small to medium-sized, with fewer than 100 employees.
Customer Segmentation
[Company Name] will primarily target the following three customer segments:
- Healthcare businesses : These businesses need to ensure their patient data is secure. Data breaches could result in the leak of private information, which could compromise the health and safety of these businesses’ patients.
- Retail businesses : These businesses need to protect their customer data, including credit card numbers and personal information. Data breaches could lead to financial losses for retailers, as well as damage to their reputations.
- Fintech businesses : These businesses handle a large amount of sensitive financial data, including credit card numbers, bank account numbers, and Social Security numbers. Data breaches could lead to financial losses for fintech businesses, as well as damage to their reputations.
V. Competitive Analysis
Direct & indirect competitors.
The following establishments provide either direct or indirect competition for our target market:
Modern Networks Established in 2009, Modern Networks is a small cybersecurity firm that specializes in providing comprehensive security solutions for businesses of all sizes. The company’s team of experts has a deep understanding of the latest threats and vulnerabilities, and they are committed to helping their clients protect their data and systems from attack. The company also has a strong focus on research and development and is constantly working to stay ahead of the latest threats. We expect Modern Networks to provide significant competition for our target market.
Fintech Cyber Solutions Fintech Cyber Solutions is a cybersecurity firm that protects financial institutions from cyber threats. Founded in 2012, the company has a team of experienced cybersecurity professionals who specialize in the financial services industry. Fintech Cyber Solutions offers a variety of services to help fintech companies protect their data and systems, including threat intelligence and risk assessment, security architecture and design, penetration testing and vulnerability management, and incident response and forensics. We expect that Fintech Cyber Solutions will be a major competitor for our clients in the financial industry.
Versa Cybersecurity Solutions Versa Cybersecurity Solutions is the most popular cybersecurity solutions firm in [Location] and our toughest competitor. Since 2015, Versa Cybersecurity Solutions has provided several local industries with a full suite of cybersecurity services all at a moderate price. Some of the services they provide include network security monitoring, endpoint security protection, risk assessment, penetration testing, and incident response. Due to their popularity, Versa Cybersecurity Solutions will be the most difficult firm to compete against in the local market.
Competitive Advantage
[Company Name] enjoys several advantages over its competitors. These advantages include:
- Management : [Founder’s Name] has been extremely successful working in the cybersecurity industry and will be able to use his previous experience to provide the best service experience. His unique qualifications will serve customers in a much more sophisticated manner than [Company Name]’s competitors.
- Relationships : [Founder’s Name] knows many of the local leaders, business managers, and other influencers within [Location]. With his [X] years of experience and good relationships with business leaders in the area, he will be able to develop an initial client base.
- Client-oriented service : [Company Name] will have full-time customer service staff to keep in contact with clients and answer their everyday questions.
VI. Marketing Plan
The [company name] brand.
The [Company Name] brand will focus on the company’s unique value proposition:
- Client-focused cybersecurity services that are customized for every client
- Service built on long-term relationships
- Thorough knowledge of the clients and their varying needs
Promotions Strategy
[Company Name]’s promotions strategy to reach our target market includes:
Advertisement Advertisements in print are an excellent way for businesses to connect with their audience. [Company Name] will advertise its company offerings in popular magazines and news dailies. Obtaining relevant placements in industry magazines and journals will also help in increasing brand visibility.
Social Media Marketing Social media is one of the most cost-effective and practical marketing methods for improving brand visibility. [Company Name] will use social media to develop engaging content and post customer reviews that will increase audience awareness and loyalty.
Direct Mail [Company Name] will blanket businesses with direct mail pieces. These pieces will provide general information on [Company Name], offer discounts, and/or provide other enticements for people to use cybersecurity services.
Referrals [Company Name] understands that the best promotion comes from satisfied customers. The company will encourage its customers to refer other individuals by providing discounts on future services for every new client produced. This strategy will increase in effectiveness over time.
Website/SEO [Company Name] will invest in developing a professional website that displays all of the services offered by the company. It will also invest in SEO so that the company’s website will appear at the top of search engine results.
Pricing Strategy
[Company Name]’s pricing will be moderate, so customers feel they receive great value when availing of our cybersecurity services.
VII. Operations Plan
Functional roles.
[Company Name] will need to fulfill the following functional roles to execute its business plan and ensure the company’s success:
Service Functions
- Provide cybersecurity solutions
- Monitor, prevent, and respond to cyber attacks
- Provide great customer service
- Cold call potential customers
Administrative Functions
- Social media management
- Website management
- Bookkeeping
- Hiring and training staff
- Other general administrative functions
The following are a series of steps that lead to our vision of long-term success. [Company Name] expects to achieve the following milestones in the following [xyz] months:
VIII. Management Team
Management team members.
[Company Name]’s most valuable asset is the expertise and experience of its founder, [Founder’s Name]. [Founder’s Name] has been a cybersecurity professional and consultant for the past 20 years. He has worked with several Fortune 500 companies, helping them to protect their data from cyberattacks. He is a recognized expert in the field of cybersecurity and understands modern cyber threats better than anyone.
[Founder’s Name] is also a strong leader and visionary. He has a clear vision for the future of [Company Name], and he is passionate about helping businesses protect themselves from cyber threats. He is committed to providing his clients with the best possible security solutions.
Though he has never run his own business, [Founder’s Name] has worked in the industry long enough to gain an in-depth knowledge of the operations (e.g., running day-to-day operations) and the business (e.g., staffing, marketing, etc.) sides of the industry.
Hiring Plan
[Founder’s Name] will serve as the CEO. He will hire the following personnel to maintain an effective and profitable cybersecurity business:
- Cybersecurity Engineers (5 to start)
- Account Executives (2 to start)
- Administrative Assistant
- Customer Service Associates (3 to start)
IX. Financial Plan
Revenue and cost drivers.
[Company Name]’s revenues will come primarily from the fees charged for our cybersecurity services.
As with most services, labor expenses are the key cost drivers. [Founder’s Name] and future consultants will earn a competitive base salary. The lease on the office location will be the next largest cost. Moreover, ongoing marketing expenditures are also notable cost drivers for [Company Name].
Capital Requirements and Use of Funds
Key assumptions.
The following table reflects the key revenue and cost assumptions made in the financial model:
5 Year Annual Income Statement
5 Year Annual Balance Sheet
5 Year Annual Cash Flow Statement
Other Sector Templates
Bike Shop Business Plan Template
Brewery Business Plan Template & Example
Frozen Yogurt Business Plan Template
Business Plan Resources
Business Plan Examples
Business Plan Articles
Terms of Service
Privacy Policy
IMAGES