business plan writer

business plan writer

The Importance of Hiring a Professional Business Plan Writer

1. Benefits of Hiring a Business Plan Writer

Simply put, business plans are the blueprints of a company. Would you construct a building without a blueprint? Would you go to a bank and request a loan to build an undesignated building? The answer to both questions is no. A sound and well-developed business plan is the foundation of a successful company. It’s a blueprint in which to begin with, and then measure your success against. It’s also a very useful tool in bringing in investors. No investor will relinquish their hard-earned money into a venture that does not prove a solid plan for the future. Now, while it is important to have a business plan, not everyone is equipped to embark on this arduous task. A common mistake made by entrepreneurs is assuming they are able to create an effective plan themselves. Some are equipped to do so, but the majority does not. The majority do not have the knowledge, skills, and previous business planning experience required. In most cases, first-time entrepreneurs will benefit from hiring someone to write a plan for them. This raises the question “who will write my plan?” Oftentimes they believe the answer is to use a friend or family member who has some knowledge on the matter. At first, it seems like a fine choice. The friend or family member may not even charge for their services. They’re familiar with the person and often have some sort of relationship with the venture. This will sometimes result in a poorly written non-original plan. This plan may have serious flaws and may not convey the proper message. The business owner would not want to offend the friend or family member and may accept the unsound plan. This will ultimately hurt the relationship anyway. Even if a lower rate is charged, the majority of the time a friend or family member would value their time and would not put forth the effort required. Hiring a professional plan writer is the better choice. They will be more equipped to ask the business owner the tough questions and can battle with them on rough spots. They will be more knowledgeable and really get the job done right the first time. This would be a much more savvy investment.

2. How a Business Plan Writer Can Help You Achieve Success

The business of providing a valuable service to businesses of all shapes and sizes. From startups seeking venture capital financing, to medium-sized businesses wishing to move on, or companies aiming to recover from issues in the past, an experienced expert will be able to truly understand the company and work as an important member in its forward strategy and future success.

Like the old expression goes, time is money. Many business owners underestimate the amount of time it will take to design an effective business plan, costing themselves a lot in lost hours. This is particularly true for those without any previous experience or understanding of basic business plan structure or theory. The benefit of hiring a business strategy writer is not only the production of a high-quality, professional document that will impress clients, lenders, and investors, but a reduction in the time it would have otherwise taken. As they will be able to utilize previous experience and available templates to make the process more efficient, while avoiding the typical mistakes made by novices.

Another important concern businesses will encounter is the ability to forecast the suggested financial forecasts they have for the company. Without a systematic and usable financial model, it will be difficult to monitor growth or determine the success of the business, making it incredibly tough to secure investment for growth or know whether what they are doing is sustainable and feasible for the future.

By offering deep market research and an in-depth SWOT analysis, it will not take long for the company to understand where it stands in the market, and whether it can have a competitive advantage over its competitors. Setting up possible goals and targets for the future will also not only give direction and purpose to the employees and organization, but enable them to track any progress in contrast to the company’s desired results.

3. Choosing the Right Business Plan Writer for Your Needs

Finally, you should hire a writer with business plan experience in your industry. This sounds like a no-brainer, but it is disappointing how often consultants are hired outside of their industry expertise. A good consultant should make connections in any industry, but a plan writer with relevant experience can write a much faster and more thorough document.

Secondly, if this will be a particularly large and newsworthy project, you might want to use a published writer or journalist. Often times, these writers would cost a bit more, but they have the experience and likely the connections to make the plan more detailed and believable. This is, of course, entirely true, and I am a bit biased as I enjoy writing, but it’s fair to take this point with a grain of salt.

The first important point is that plan writers should not be too reliant on an overused template. We all know the sort – if a document walks like a duck and talks like a duck but says nothing, you’ve got a template writer. Templates can be a great start for a person new to business plan writing; however, they generally become limiting in some of the more detailed areas. A consultant should be competent enough to research and write the information, keeping in mind that the business plan document should effectively be a detailed explanation of the company.

Before you even start your search for a business plan writer, there are several traits you should look for in a business plan consultant. A consultant could have the relevant experience you are looking for but could lack other important details.

4. The Process of Working with a Business Plan Writer

Once you have a pool of writers to choose from, you’ll need to determine how to select a business plan writer that will fit your exact needs. This will involve exploring their reputation, taking a look at some of their previous work, and then discussing what you need with the individual to see if they are qualified. When you’ve come to a decision, you’ll start by giving them your business details and any relevant information they can use. This will generally be done over a series of interviews and emails. After they have had a proper chance to review your details, they will begin to work on the drafts of your business plan. At Wise Business Plans, the writers then use a one-on-one interview process to further secure all necessary information. This is a very beneficial way to avoid putting unnecessary pressure on the client, and it often results in the client remembering important information they forgot during the writing process.

The process of finding and hiring a business plan writer, bringing them into your business, and what to expect from them during the work involves several steps. Remember quality work takes time. First, be prepared to spend a little time looking for business plan writers. It’s a good idea to find a few that seem qualified and then compare their offers. We have many businesses coming to us blindly after being burned by another business plan writing service, let down time and time again by the quality of the work they end up with.

5. Conclusion: Investing in a Professional Business Plan Writer

The cost of business plan software can vary greatly depending on what the software offers and the quality of output. However, unlike a writer, the software will not adapt and reformat based on the feedback provided. The less expensive software options will be around one hundred dollars without a touch inspection, some can be found for free. More expensive options can range from several hundred dollars up to around 1,000. In comparison to the flat cost of a writer, software appears to be a cheaper alternative. However, more often than not, the business owner would need to use and re-use the software over a long period of time and the lesser quality output could result in a less favorable business outcome.

Hiring a writer may be the most important part of a business plan. A well-written business plan can not only help secure funding, it can also help to keep the goals of the business on track. The cost of the writer will vary depending on the person and what they have to offer. Somewhere between 2,000 and 15,000 would be considered the norm, though some have paid less and some have paid more.