Download IT Consulting Business Plan with 3 Years Financials

by Demi

Looking for an IT Consulting Business Plan (Information Technology) with Financials for your personal use or to seek grants, and loans from investors, CBN, NIRSAL, and other institutions?

We have created a downloadable IT Consulting Business Plan with FinancialsBusiness template for you to use.

Overview of the IT Consulting Services Industry in Nigeria and Lagos

Introduction: The IT consulting services industry in Nigeria, particularly in Lagos, has experienced significant growth in recent years, driven by the increasing adoption of technology across various sectors. As businesses recognize the importance of leveraging IT to remain competitive, the demand for consulting services has risen, offering opportunities for professionals in the field.

Industry Landscape: The IT consulting services industry in Nigeria is diverse, covering a range of services such as IT strategy consulting, cybersecurity, software development, cloud computing, and digital transformation. Lagos, being the economic hub of the country, serves as a focal point for many IT consulting firms, attracting both local and international players.

Key Players: Several key players dominate the IT consulting landscape in Nigeria and Lagos. Local firms, as well as global consulting giants, operate in the region, providing a wide array of services to businesses looking to enhance their IT capabilities. Prominent players often specialize in specific areas, such as ERP implementation, cybersecurity, or data analytics.

Market Trends: The industry is witnessing several notable trends, including increased adoption of cloud computing solutions, a growing emphasis on cybersecurity, and a surge in demand for digital transformation services. These trends reflect the evolving needs of businesses seeking to modernize their operations and stay ahead in a rapidly changing technological landscape.

Career Opportunities: The IT consulting services industry presents diverse career opportunities for professionals with various skill sets. Common roles include IT consultants, project managers, cybersecurity analysts, software developers, and data scientists. The industry’s dynamic nature allows professionals to specialize in niche areas and stay abreast of emerging technologies.

Skills in Demand: In the Nigerian IT consulting market, skills in high demand include cloud computing expertise, cybersecurity knowledge, data analytics proficiency, and experience with enterprise resource planning (ERP) systems. Soft skills such as effective communication, problem-solving, and project management are also highly valued.

Educational and Certification Requirements: While a bachelor’s degree in a relevant field such as computer science, information technology, or engineering is often a prerequisite, many professionals also pursue certifications to enhance their marketability. Certifications from reputable bodies such as CompTIA, Cisco, and Project Management Institute (PMI) are commonly sought after.

Salary Insights: Salaries in the IT consulting services industry vary based on factors such as experience, specialization, and the employer. Entry-level consultants may earn a competitive salary, while seasoned professionals and those with specialized skills can command higher remuneration. Salaries in Lagos tend to be higher than the national average, reflecting the city’s status as a business and technology hub.

Challenges and Opportunities: Despite the positive growth, the IT consulting services industry in Nigeria faces challenges such as talent shortages, regulatory complexities, and the need for continuous skill development. However, these challenges present opportunities for professionals and firms to fill gaps in expertise and contribute to the industry’s overall development.

Conclusion: The IT consulting services industry in Nigeria, particularly in Lagos, offers a dynamic and rewarding environment for professionals seeking to make an impact in the ever-evolving field of information technology. As businesses increasingly recognize the importance of technology in their operations, the demand for consulting services is expected to continue growing, providing ample opportunities for career advancement and development.


1.0. Industry Overview

The seeking of practical advice from experts of a field about a particular topic is called consulting, and the endless span of fields with well-versed individuals makes the consulting industry a broad one as it encompasses a lot of services.

The aim of organizations to employ the services of consultants is to help them tackle business challenges and proffer solutions as they are experts in the field.

As a firm that offers consultation services, if you show prowess in developing coaching skills, implementing new technology, improving operations, and developing strategy, you are sure to have more on your plate than you can eat –talking about jobs here.

The distribution of these firms is directly proportional to population distribution with its density occurring near key demand markets like financial services companies, government clients and large corporations.

This industry thrives and therefore the profit realized from these industries are astronomical which sets the table for its high-paying characteristic ant this characteristic gets better with experience as it gives you the flexibility of working with different classes of clients and your ability to solve IT issues will be greatly rewarded. Being a renowned consultant also gives you the luxury of picking who you want to work for and also tagging your service at any reasonable price you can name.

In a nutshell, IT companies are skilled at conducting research, analyzing results (from research), gathering data that would help in the course of developing solutions, these steps and processes combined with other factors will help them create standard operating procedures that help the organization achieve its goals and objectives.

The responsibility of an IT consulting firm is to improve the client’s business by making changes based on the results of the analysis that would yield good results for the company, and all these should be accomplished within an agreed timeframe

And these might seem like something no one would pay for, but if you have records and also show a degree of professionalism, which is usually enough for budding firms, corporations won’t be frugal when it comes to writing you a paycheck as long as you bring processes that will improve their performance to the table.

2.0. Executive Summary

TechNet Consulting is a renowned consulting firm. The services we offer proffer solutions to business challenges, services like; provision of information technology expertise for customers, writing and testing software to meet client’s needs, designing of computer application and network systems, on-site management and IT functions, computer application and systems design and development, IT support services and network design services.

The need for sophisticated and different approaches by businesses is the main reason we are flexible and offer a wide range of IT solutions as it is needed by our clients. Our clients interest always comes first.

3.0. Our Product and Services

Tech Solutions® Consulting, LLP is going to offer a variety of services within the scope of the IT consulting industry in the United States of America. Our intention of starting our IT consulting firm is to make profits from the industry and we will do all that is permitted by the law in the United States of America to achieve our aim and ambition. Our business offering are listed below; Providing information technology expertise for consumers Writing, modifying, testing and supporting software to meet the specific needs of one client Planning, design and integration of a computer or network systems On-site management and IT function Computer systems design, development, and integration Computer application design and development IT technical support services IT infrastructure and network design services IT technical consulting services Other related IT consulting and advisory services

4.0. Our Mission and Vision Statement:

our vision is to provide our clients with skilled IT consulting solutions in a timely and efficient manner. We strive to handle each client with accountability and responsiveness as if we were building our own business. We focus our attention on providing workable IT business solutions for our clients so that our clients can focus their attention on the success of their business. Our vision reflects our values: integrity, service, excellence and teamwork. Our mission is to provide professional and trusted IT consulting services that assist businesses and non-profit organizations in operating sustainably. We provide workable IT business solutions in combination with our own business backgrounds and deliver valuable services in a timely and cost-effective way.

5.0. Our Business Structure

Tech Solutions® Consulting, LLP, is an IT consulting firm that intend starting small in New York City, but hope to grow big in order to compete favorably with leading IT consulting firms in the industry both in the United States and on a global stage. We are aware of the importance of building a solid business structure that can support the picture of the kind of world-class business we want to own. This is why we are committed to only hire the best hands within our area of operations. At Tech Solutions® Consulting, LLP, we will ensure that we hire people that are qualified, hardworking, creative, result-driven, customer-centric and are ready to work to help us build a prosperous business that will benefit all the stakeholders (the owners, workforce, and customers). As a matter of fact, the profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the board of trustees of the company. In view of the above, we have decided to hire qualified and competent hands to occupy the following positions;

Chief Executive Officer / Lead Consultant

IT Consultants

Legal Secretary

Admin and HR Manager

Business Analyst

Business Developer


Front Desk Officer

6.0. SWOT Analysis


Our core strength lies in the synergy and power of our team. We have an elite team of creatives, result-driven and highly proficient IT experts, a team with qualifications in the IT Consulting industry. Our services result driven and guided by best practices and processes in the industry.


As a new IT consulting firm it will take some time for our organization to break into the market and gain acceptance especially from top dog clients in the competitive IT Consulting industry; that is perhaps our major weakness.


The opportunities in the IT consulting industry are massive considering the number of corporate organizations and non – profits organizations that cannot successfully run their businesses without the need for outsourcing the professional assistance of IT firms.


Some of the threats that we are likely going to face as an IT consulting firm are the arrival of a competitor within our location of operations and global economic downturn which usually affects purchasing/spending power. And the right attitude to overcome threats is to be optimistic that things will continue to work for our good.


Market Trends

Quite several distinct trends have emerged in recent times in the IT consulting industry which is why IT consulting firms are positioning their organizations to survive the peaks and troughs of an ailing economy. Most of these trends aid IT consulting firms and organizations to become more creative, competitive, efficient, and productive in a global market.  Other IT consulting industry trends could be attributed to changing demographics, attitudes, and work styles. No doubt, as the cost of IT consulting services continues to increase and as corporate spending falls, new IT consulting delivery methods will continue to emerge and gain momentum going forward. In addition, the market for IT consulting services has shifted from a sellers’ market to a buyers’ market. A market where IT consultants provide software solutions that will make it easier for their clients to run their businesses. Lastly, it is now becoming trendy in the IT consulting industry for smaller IT consulting firms to merge with bigger IT consulting firms and for bigger IT consulting firms to acquire smaller IT consulting firms; mergers, and acquisitions. Many IT consulting firms all over the United States are concluding that the bigger the better for them.

8.0. Our Target Market

We are opting to initially offer our services to small to medium-sized businesses, from new ventures to well-established businesses, but that does not in any way hinder our growth to be able to compete with the sharks of the IT consulting industry. We hope to someday merge or acquire other smaller IT consulting firms and expand our IT consulting services beyond the country. We will also in working with startups, real estate investors, and contractors, manufacturers and distributors, banks, lending, and financial institutions. Our target market cuts across people of different classes and people from all walks of life, local and international organizations as well.  Our target markets are listed below;

  • Banks, Insurance Companies and other related Financial Institutions
  • Businesses and Entrepreneurs
  • Blue Chips Companies
  • Corporate Organizations
  • Manufacturers and Distributors
  • Real Estate Owners, Developers, and Contractors
  • Research and Development Companies
  • The Government (Public Sector)
  • Schools (High Schools, Colleges and Universities)
  • Hotels
  • Sport Organizations
  • Entrepreneurs and Start-Ups

9.0. Our competitive advantage

Surviving in the business world as an IT consulting firm requires more than just your expertise, networking with people that matter also matters; decision-makers that can decide who will get a contract or a business deal. No one would want to continue to employ your services if you always lag behind and don’t always meet up with the target sales the organization hopes to generate when they took your services.

How To Download The IT or ICT Consulting Business Plan Template PDF (with financial analysis)

Above is a part of the ICT Consulting Business business plan template in Nigeria. If you need the complete business plan, follow the procedures to download it.

Pay the sum of N8000 (Eight thousand naira only) to the account detail below:
Bank: GTBank
Name: Oyewole Abidemi (I am putting my name and not our company account so you know we are real people and you can trust us)
Ac/No: 0238933625
Type: Saving

Thereafter, send us your email address through text message to +234 701 754 2853The text must contain the title of the IT Consulting business plan you want and also your email address. Immediately after the confirmation of your payment, we will send the business plan in Nigeria to your email address where you can easily download it.

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