business plan experts uk

business plan experts uk

The Role of Business Plan Experts in the UK

1. Introduction to Business Plans and Their Importance

A business plan represents the business owners’ comprehensive strategic plan. It has been developed in a planned and structured manner. Business plans should include the details of the business, its products and services, the place, potential market, financial strategy and management, operations, protection and publicity strategy, its long-term objectives, as well as its planned business strategy to realize these aims. Marketing, financial, and technical aspects form the basis of business planning. Business plans help owners and the managers anticipate and overcome the possible problems that they will encounter during their business practices. Business plans are of great value to the business and the world of business, as these plans clarify the business, its financial strength and its long-term objectives and provide a roadmap and guidance to accomplish these objectives.

Various countries, especially the countries that have capitalist economies, have been giving importance to business plans and business plan experts as these items give businesses high levels of credibility, and create confidence and awareness, not only on firms directly interested in the business but also on the individuals and firms that support businesses. The business plan process has been used in the United States of America, in the United Kingdom, several other European and Far Eastern countries during the last seventy years. Small Business Administration is the institution that introduced business plans to the American economy by asking bank loan applicants to draft a business plan. It also became the first governmental body to finance consulting and training programs for business plan experts. And then, business plan experts, after some training, started consulting processes and submitting business plans on behalf of small enterprises.

2. The Benefits of Hiring Business Plan Experts in the UK

Unlike in the past, companies have to work much harder today to outdo the competition and succeed. With the advancement of technology, innovation, and the internet, numerous competitors spring up each day, and to succeed, you have to prove your worth. One aspect of a business that is central to your success is a business plan. A business plan will help sketch out your target markets and position, test ideas, find and attract potential customers, and also help secure funding. As a result, writing an excellent plan is central. However, if the idea of drafting a business plan does not thrill you, you can outsource the job to business plan consultants who are experts. In the UK, business plan experts help with numerous aspects of business planning which include startups, innovation, ongoing operations, re-planning, and fundraising.

The one-stop advantage of business plan experts in the UK is that it opens the entrepreneur up to a whole new level of expertise. This team of business plan consultants has significant knowledge and proficiency to help improve business planning challenges, the business planning process, and business structure. Not only does this save you time, but it also saves you a lot of money and helps actualize the potential of your venture. In the UK, business plan experts offer personally focused business planning; an integrated business planning package that typically aims at enhancing your personal connection, financial freedom, and accomplishment within business. Among the many gains of enlisting the services of business plan consultants, one incredible gain is the mastery of business design and how it is best implemented to push an idea or a venture towards success. With their high proficiency in business design, these business plan experts can tweak and develop business plans to bring out the best of business opportunities. They help restate and enhance business ideas, in writing and other forms of projects, and they also develop an agreed sequence of authored products in view of the business.

3. Key Considerations When Choosing a Business Plan Expert

Writes Nick Nicolaides – co-founder of Marketing4StartUp8.com.

Do a Google search for a market research company, and you will find many “experts” offering to provide business plans. However, do a little digging, and you will be surprised at their lack of knowledge on business strategies, marketing, or brand development. For a business owner, a business plan is not just a marketing document but is more about the reasons driving the business. Without this deep thought process, the business plan will not resonate with the decision takers (the target market, capital investors, or financial institutions). Only a business plan expert that has had real-life business experience can help you with this. And they do exist; there are not many around, but they’re there.

Firstly, ensure that your expert fully understands the strategy development process. To me, any research, whether this is a business plan, feasibility study, competitor evaluation, or any other type of research, is a component of the strategy development process. Without a thorough understanding of the strategic marketing process and how research ties in with it, your research could miss the target – in this case, providing a business plan that does not carry the weight for your intended audience. Then quiz your research expert on brand, brand promises, and the brand equity measurement model. If they have no ideas, then you are barking up the wrong tree. The brand promises and the ability to continuously deliver these promises through various time horizons hold the essence of solid business planning; something an expert business plan consultant will integrate into your business plan. Then quiz your expert on business evolution. If your consultants seem uncomfortable discussing business evolution and blue ocean strategies, this should be a strong signal. Most business planning experts seen on Google will quickly suggest that business evolution and blue ocean strategies should be undertaken within your business plan – but they can’t integrate these into your entire research, so spend some time testing them.

4. Case Studies of Successful Business Plan Experts in the UK

4.1. Introduction This section presents a few case studies that illustrate the diverse range of business plan experts in the UK. The businesses are of different size, focus, level of formality, and sophistication – a representation of what typical business plan expert services might look like.

4.2. Business Link Business Link is the government’s service for businesses in England. They offer practical advice on how to create business plans to more than 100,000 small businesses per month.

4.3. Banks Commercial banks have sophisticated business planning processes to assess the risks of their investments.

4.4. High St. Ltd High St. Ltd presents a model of a more business plan expert operation, and their eventual failure.

4.5. Minuteman Press Minuteman provides volume business plan production and printing services, akin to a business plan boutique. Their initial business plan service objective is to give start-ups all they need to get going. They are active promoters in Prince Charles’ ‘The Business In You’ initiative.