With 2,000 euro start-up capital, a former employee in telecommunication got off the ground a business in advisory market that returned 30,000 euros turnover in 2008, and 25% profit margin.
30,000 euro turnover in 2008,
25% profit margins
The start-up capital in Reimens Group, advisory and management of telecommunication service costs, launched in last quarter of 2007, was invested in company registration, purchase of necessary IT equipments, development of the website, and accounting services, telecommunication and legal assistance.
After nearly two years of operation, the company has a portfolio that includes 40 clients from different areas, from financial-banking, real estate, to travel, law, advertising, IT.
“Basically, I have always urged for a wide service pool to meet every specific business needs”, said Adrian Ciobanu (photo), managing partner at Reimens Group.
In 2008, the company returned 30,000 euro turnover, stemming strictly from the advisory and audit of telecommunication invoices and contract services. In percentages, the y/y growth hovers around 200%.
As for the profit margins in its first year of operation, they proved to be highly attractive, at a 35% rate, Ciobanu added.
“In an advisory company, with low flat costs, the profit margins will always be attractive”, Adrian Ciobanu explained.
In 2008, Reimens invested in the development and improvement of the efficiency for data processing and in training courses in telecommunication and collateral IT services of the field, in order to keep the balance between commercial and technical specialization.
For 2009, the head of the company expects a higher profit margin than last year, allowing money for promotion, team development and space for business. Furthermore, the company targets higher than a monthly 10,000-euro-telecommunication services
