business plan writers

business plan writers

Importance of Hiring Professional Business Plan Writers

1. Benefits of Hiring Professional Business Plan Writers

Time is money: A common major mistake is underestimating the time it will take to write a business plan. Between the research required and the thought process necessary to organize ideas, it’s not uncommon for someone new to business planning to spend twenty hours writing a plan. In comparison, a professional writer can create a plan in a fraction of the time and a much higher quality. This can be especially important for ventures requiring a large amount of start-up capital.

Writing Style: As with web design, trends change. The style of your business plan can build confidence and credibility, so using a professional writer can have great effects on your future. My friend, who is a professional resume writer, often states that when she first reviews an old resume with a new client, there’s a long moment followed by “Wow, this is really bad.”

Editing: Even experienced business owners have been exposed to business planning that has taken weeks to produce, only to end up in a folder or drawer, never to be reviewed. Having a professional writer take your ideas and numbers and translate them into a well-written, custom business plan can move your business endeavors on the fast track to success.

Experience and expertise: A professional business plan writer brings to the table the ability to visually communicate, listen and distill complex ideas, financials, and operations. This holds true for my own business planning services.

2. How Professional Business Plan Writers Can Enhance Your Plan

One of the key benefits of hiring a professional is the ability to save time and money in the longer term. The amount of time and resources it would take to educate a new business owner will be substantial. The newly educated business owner will then take more time to complete the plan as he or she learns and will inevitably make many costly mistakes along the way. This is false economy in that it actually costs a whole lot more than hiring a professional in the first place. A qualified business plan writer will have the experience to efficiently research and prepare your plan. This will slash the time it takes to prepare the plan down to a fraction of what it would take for someone who is not familiar with what lenders and investors are looking for. A lower amount of hours spent on the plan will translate into a lower cost for preparing the plan. The final result will be a superior plan, with a much higher chance of being successful – and a much faster rate of getting there. A professional business plan writer working from a solid proven methodology will have the ability to analyse all relevant data and information available to build a comprehensive plan. This will greatly enhance your opportunity to produce a successful result as everything will be done properly from the start. A good business plan writer will be able to challenge the assumptions that may not be clear to yourself. It can be a daunting task for a business owner fumbling around in the dark with complex spreadsheets, projection and statistical models. A writer will be able to address these models and projections against the information available and test the soundness of logic implicit within the data. He will ask the questions that you do not want to consider so that your plan and logic are solid. This exercise will quite quickly expose any weak points in your plan which will then allow you to either adjust your assumption, or completely change the plan to something which will have a greater chance of success. Time spent on uncertain projections can be a large opportunity cost in the long run. A strong plan built on solid logic can quite quickly adapt to information changes and is an invaluable tool for guiding business strategy.

3. Finding the Right Business Plan Writer for Your Needs

For a business owner who is unsure of marketing plans or what niche to pursue, spending money on a consultant can be dangerous. The time is not right to hire a business plan writer if during the interview process you are unable to pin the consultant down to a firm cost for his services. As most know, market research is an essential element of a sound business plan. Taking an inexperienced writer most likely means that the writer will have to learn about the business through the process of writing the plan. This creates a shoddy plan and many hours of wasted time. Look for a writer who has had experience in your industry and is able to perform the detailed research that is needed to understand your business. A good business plan writer will be able to look at various resources for information. This would include going to the library and searching the Internet. A plan must be detailed and specific. Avoid hiring writers who are merely going to pull information off the Internet or those who are not going to do the necessary research to understand the specifics of your business. If you are seeking outside funding, it is crucial that you have a comprehensive understanding of your competition, subject, and primary methods of attaining customers. Only the most savvy plan writer will know to interview you in depth about these matters. He/she will have resources and methods to obtain the data to complete a competitive analysis and research methods to understand demographic data. This is an area where some of the brightest business owners can falter. A simple error in the methods of understanding your primary customer group can lead to huge marketing blunders. Specific data is crucial in defining your business. While interviewing a prospective plan writer, it is a good idea to instruct him to write a sample research report on a market in order to determine if he is truly skilled in this area.

4. The Process of Working with Professional Business Plan Writers

Hiring a professional to write a business plan has been made easier with the technology the generation is using today. It is very easy to find a freelance writer, a business writing service, or a small business consultant. Using online documents, email communications, and holiday/fax makes the process less complicated. In today’s generation, entrepreneurs should take advantage of all the resources available to make a better working plan. Hiring a professional business plan writer can be the best move an entrepreneur can make. Editors Note: Check out Go Business Plans for a detailed and effective plan written by professionals in any field.

This process is beneficial as the client will not have to stress about writing the plan themselves and save valuable time. Although the client will need to invest some time into email communication and consultations, the process will be thorough and efficient, and the results will be far more effective and useful compared to if the client wrote the plan themselves. This article has shown that hiring a professional business plan writer is ideal for someone who is looking to get a quality document in a timely and efficient manner.

From the initial conversation and signing of the contract, professional business plan writers will be conscious of time and will work with the client accordingly. Transactions of files and discussion will take place mainly through email and telephone conversation, and the client can expect to have the first draft of the plan within a week after the initial consultation. The client will then have up to a week to look through the first draft and prepare for the secondary consultation. Through the drafting process, there will be a substantial amount of communication between the client and the writer to ensure that the document is clear and will meet the clients’ needs. The process is not completed until the client is satisfied that the plan will meet their needs and serve them best in the future.

5. Investing in Professional Business Plan Writers: A Wise Decision

Investing in a professional business plan writer just makes good business sense. The role of the business writer is to objectively research the business concepts and market. When compared to writing it yourself, the business writer can do a more thorough and precise job simply because they are more qualified and experienced in the field. An entrepreneur may have great ideas but may not have the experience or the discipline of the market statistics or the viable financial projections it takes to achieve the desired business goals. A writer can add insight and save a lot of time. With a professional writer, the entrepreneurs can give them their thoughts and research and exactly what they want. This, in turn, saves time and opportunity costs for entrepreneurs doing it themselves. Writing a business plan is a timely and demanding task. Many entrepreneurs may not have the necessary time to write the plan and can better spend that time on other priorities. A professional can write a plan in half the time and give a polished product. Time is money and when an entrepreneur considers the opportunity cost of what else he could be doing with that time, often the plan would have been a more worthy expenditure. An investor will look at it in the same light. Any expenditure in the plan is an investment for the business, the more expenditure and time put into the plan will usually result in the probability of higher investment in the future of the business. Given that the plan is the blueprint of a business, it is without doubt the best investment for the starting of a business.

The fifth section explains the main concept of the essay here, investing in professional business plan writers. This is a very practical and logical step to take. It mentions the result of hiring a professional business planning writer can be the financial success of your company in the future. The main theme of this chapter is the business plan is a product, it is the quality and the expertise that goes into the production of the said product that makes all the difference to the final result. Imagine building your own shed and building a shed using professional builders, the quality and workmanship is usually significantly higher from builders who have been building sheds for 20 years compared to someone building it for their first time. The shed is the same, however, the builder’s shed is more sound, lasts longer, and more reliable. This is similar to the result of a business plan, hence using a professional writer can only be more beneficial. This means that a business plan that is a product of a professional writer will be more likely to achieve the realistic goals and attract the investment that the business desires.