business plan writing services

business plan writing services

Business Plan Writing Services

1. Introduction

A business plan is a formal statement of a set of goals, the reasons why they are believed attainable, and the plan for reaching those goals. It may also contain background information about the organization or team attempting to reach those goals.

A business plan no matter what type is described above is a detailed document of approximately 30 pages. If you are writing a plan for an external party, you have to have a strong emphasis on the purpose of the business and how it will function, whereas if you are writing for internal purposes there must be a strong emphasis on the goals of the company and how they will be achieved.

There are several types of business plans: 1. Start-up business plans. 2. Internal business plans. 3. Strategic business plans. 4. Feasibility business plans. 5. Operations business plans.

Business plan is a blueprint of any business giving a detailed outline of business concept, business opportunity, competitive landscape, key to success and people who are or will be involved. It is not a usual document that you prepare quickly like an essay. A successful business plan requires much time and effort as it is the detailed explanation of your proposed venture. There are many purposes for creating a business plan some of which are: to test the business vision, to attract investors and types of finance, to adapt and change and sort out any future problems, for internal use, to plan the start of a business and to plan a growth business.

2. Benefits of Business Plan Writing Services

Market research is quite important for start-ups and young companies. It helps a company understand the dynamics of the particular industry. It helps one understand the best way to get the product or service into the hands of the customers. It is quite important for any business. Plans of entering new markets and introducing new products can be based only on solid market research. 74% of companies that were able to stay in business exceeded their sales goals, hence market research is the way to actually know how to reach these sales goals. Business plans can be utilized to monitor operations and to make sure that companies are staying focused and are working towards their goals. To actually track how successful the company has been, it is essential to have set goals. In attempt to reach these goals, companies of all different sizes can greatly benefit from market research. Market research is quite important for start-ups and young companies. It helps a company understand the dynamics of the particular industry. It helps one understand the best way to get the product or service into the hands of the customers. It is quite important for any business. Plans of entering new markets and introducing new products can be based only on solid market research. 74% of companies that were able to stay in business exceeded their sales goals, hence market research is the way to actually know how to reach these sales goals. Business plans can be utilized to monitor operations and to make sure that companies are staying focused and are working towards their goals. To actually track how successful the company has been, it is essential to have set goals. In attempt to reach these goals, companies of all different sizes can greatly benefit from market research.

3. Choosing the Right Business Plan Writing Service

Price and Value for Money: This is usually at the forefront of rollout entrepreneur’s minds, the question of “how much can I afford to pay?”. A better perspective might be to ask “how much will it cost me if this business plan fails?”. Don’t forget that free or low-cost business plan software can often come at a dearer price with poorly constructed business plans. Consider the importance of the business plan to any business, and the fact that you will likely only get one chance to impress a potential investor. A small investment now can save a lot of money and hassle in the long run.

Professionalism: Above all, you must consider the professionalism of the company you choose. Even a good off-the-shelf package shot to bits on arrival with poor presentation that lacks clarity, conciseness and is littered with spelling/grammatical errors will do more harm than good. If you go for a professional business plan consultant with a proven track record and firm, you will pay more but it’s an investment that can pay huge dividends. It’s worth establishing the credibility, experience and track record of the business plan writing service. Ask questions like “How long have you been in business?”, “What is your success rate?” and “Can you provide client references and testimonials?”. Find out exactly who will be writing your plan and what their background is. Only when satisfied proceed to a detailed discussion about your requirements and their exact terms of service. Be especially wary if you are to part with a large sum of money if the company becomes evasive or unresponsive to your inquiries.

Past, we comprehensively explained the pros and cons of different business plan writing services. We now turn our attention to helping you make an informed decision about what is the best and most appropriate for you. We’ve distilled down the information into a set of questions that you should be able to ask and answer about any potential business plan writing service. Use these as a guideline to help identify the key areas you need to consider to make the best decision for you and your company.

4. Key Components of a Professional Business Plan

Marketing Objectives and Strategies What do you want to achieve for each of your goods or services? The objective should be defined for the product itself, whether it is trying to generate sales or lead the way for the next stage of the product lifecycle. Set intentions seeking to realize specific performance against the current state. Objectives should be set for sales activity, channel, and support endeavors. This directly leads to your strategies and action plans, since strategies are the decisions and activities that can be taken to change long-term and short-term objectives.

It’s somewhat necessary to research your market and its current state. Market refers to the industry that your business is aimed within. You wish to seek to identify and forecast trends. Pricing, quality, and production of your business can be reflected in the market conditions. You should describe the target segment for your product or service. You’re looking for a detailed identity of who your primary and secondary target customers are. This will ideally result in you identifying a need for what your business is offering. A plan should be constructed with the goal of positioning your product on a platform that is competitive. The plan should also specify the revenue and sales mix for a measurable definition of success.

Market Research Explain the research you have conducted on your competitors, analyze what they are doing right or wrong, and how it will affect your business. This will lead on to your development of strategy.

SWOT Analysis SWOT stands for strengths, weaknesses, opportunities, and threats. It tends to explain the environment or situation in which your business operates so that you can take into account both the internal and external factors when considering business developments and changes.

Business Profile This explains all about your business – what it does, who the business is aimed at, and what it will achieve. Include information regarding the ownership of your company, its internal organization, the people behind the business, and your offering in quite simple detail.

Executive Summary Clearly state what your business is aiming to do and the service it will provide. Mission statement – outlining the business’ vision, values, and the direction it is going. It is best written after the business plan is developed. This is placed first in the business plan, but it is best written last. It should provide a clear and concise preview of what your business plan includes.

5. Conclusion

This is the end of another of the many reports on new/modified business plan writing services. This particular plan has taken scheme to look at the market we are moving toward, and an internal plan to examine the changes that we will need to make in order to best serve our customers. The aim to upgrade the service we currently offer with changes to our current offers and additions of service and the internal plan both have strong evidence that shows they should be successful. The biggest issue with the new services and changes. This issue is the economic climate, as most big businesses are looking to cut costs and therefore won’t mind spending more time looking at ideas to be able to save money, and help to cut losses in the future. This is where our services will be most beneficial. Though these are trying times, the market is growing at a staggering rate, it’s just that most businesses can’t keep up with the growing technology. Because of this, businesses are needing more and more help everyday to understand how to make the technology work for them. Classic example is big confusion between what a blog and a CMS really are. These businesses will be seeking help from someone who understands what they don’t. It is this underserved market that this plan is aimed to capture, and there has been no better timing. The set of metric performance expectations will allow us to monitor and track the success of these new services. Since it is expected that there should be improvement, it holds reason that if there is no improvement the services aren’t achieving the desired outcome. Creation of these sets will help employees to better understand the planning process and create more effective strategies for our customers. They also double as future case study topics. Overall, everything has been very well planned and thought out and we hope it is a success. A success for this plan may very well mean a changing of company branding as more than just a web design and development company, and a set of new services for future solutions customers. Though it is too early to tell, it almost seems inevitable.