Writing a business plan is time-consuming, but it’s essential if you want to have a successful business that’s going to survive the startup phase. If your business doesn’t have one, maybe it’s time to start writing it. The process of writing a business plan can do wonders to clarify where you’ve been and where you’re going.
In this article, we will discuss how to hire a professional Business Plan Writer, and how to audit the competence of the Business Plan Writer.
Some of the information in this article will be geared towards explaining the process we chose to implement in our own consulting practice. These may then be specifically valid for our company, but we understand most of the practices are industry-wide.
Before we jump in, take a moment to compliment yourself for wanting to research articles on finding the appropriate Business Plan Writer for you and your precise business idea. It is always a better idea to look for an experienced Business Plan Writer or Specialised Start-Up Consultant if you are really looking for quality, which can only happen if you go through the trouble of having a truly Professional Business Plan written for your project.
Writing a business plan is the best way – other than going out and doing it – to test whether an idea for starting a business is feasible. In this sense, the business plan is your safety net. If working through a business plan reveals that your business idea is untenable, it will save you a great deal of time and money. Often, an idea for starting a business is discarded at the marketing analysis or competitive analysis stage, freeing you to move on to a new (and better) idea.
Unfortunately, many prospective business owners are convinced that their idea for a product or service is a can’t-miss proposition, so they don’t take the time to do the necessary research and work through a proper business plan. The more you know about your industry, your prospective customers, and the competition, the greater the likelihood that your business will succeed.
The Steps of Hiring a Professional Business Plan Writer
If you are reading this, then you are already on step 1 of finding a professional Business Plan Writer. You have begun your research and you are looking for more specific information to make the best decision for your startup. Always look at the following things when choosing Business Plan Writer:
- Decide whether or not you want to go with an agency or a freelancer. While a freelancer might be a lot more inexpensive, you usually do not have the same quality guarantees and other perks like strategic guidance and recommendations.
- Track record and formal certifications such as formal higher graduate education in the area of Business Administration or Finance and Accounting and other papers that emphasise your writer’s official and formal qualification.
- Look at some samples of the work of the Business Plan Writer and make sure you will receive an editable MS Word version of your Business Plan so that you can make minor amendments yourself as your business grows.
- Consider whether or not the Business Plan Writer should perhaps serve you also as a business consultant for later stage startup needs. Sometimes it can be advantageous to look for a specialised or otherwise industry-related consulting company to help you further your growth.
- Make sure you have ample opportunity to give a full briefing to the Business Plan Writer. All Business Plan Companies will ask for minimum information to be provided by you before they can start their engagement process within.
How to Determine the Professionality of a Business Plan Writer
Generally, is a particularly good sign for the professionality of the Business Plan Writer when they respond quickly and the appearance of the correspondence as well as the website indicate a clean and transparent design in the company’s thinking and doing. Questions are answered politely and comprehensively and there is a lot of showcasing material as well as further referential ground such as online and offline publications and client reviews.
During the briefing, you always have the feeling that all your information which is most important for the quality of the business plan is processed and perhaps a series of clarifying questions will be asked by particularly diligent Business Plan Writers. Any Business Plan Writer worth his or her worth will not just accept all the information you provide at face value. They will critically analyse and ask vital questions.
Conclusion: The Professional Business Plan Writer is an Asset in the Startup World
Even though there is value in coming up with the business plan documentation yourself, for many founders it can still be useful to hire a professional. If you do not have the business administration and finance knowledge or you are currently pressed due to a lack of free time, then you will profit from someone who will simply just get the job done for you so you can have your funding and get started with your operation.
Or if your business project is so complex that it really would be of value to have a professional look at the planning and pitching documentation instead of wasting a chance to impress your targeted investors or lenders, that’s also an example of a fair case when hiring a professional Business Plan Writer makes good sense.
Generally, it is definitely possible to get very good value when hiring a Business Plan Writer for your project.
You would need to analyse their competence and capabilities, and then only decide for yourself. Look at their client testimonials. Contact some of their past clients. Look at examples of their work. Make sure that your Business Plan will be unique and that they do not use Software or Templates to just populate with the information you provide. Look at their qualifications. The industries they have done work for. The size of the projects they have managed. Rather ask enough questions before hiring a Business Plan Writer. And then, partner with them to Reach New Heights in your dreams.