Writing a Business Plan
What to Look for in a Business Plan Writer
Written by Brenda Stokes for Gaebler Ventures
A business plan writer can put a solid business plan in place for you, saving you a lot of time and ensuring appeal to investors. But how do you know you have a good business plan writer working for you?
Entrepreneurs are busy people.
This means there isn't a lot of time to do certain tasks. One of those tasks is the writing of a business plan and you certainly cannot bypass having a business plan written. You can't bypass it because it is the way in which you set goals for your business. It is how you know what you're going to accomplish and how you're going to get there.
Luckily, you can employ the services of a business plan writer.
A business plan writer is a professional who knows how to put the goals of your business on paper and in a way that is easy to understand. Depending on your business type, you may have to have operational or manufacturing plans carefully detailed. A professional business plan writer can do this for you because writing a business plan can be time consuming and difficult.
As for the overall function, a good business plan writer can be a large asset to your business because of the hours of wasted time they will save you. They work quickly, enabling your business plan to be ready for review in no time. If you must submit your plan to investors, they will send it back to you if it doesn't have in it what it is supposed to.
Fortunately, a quality professional business plan writer will most likely get it right the first time. This helps you to get your business going a lot faster.
Here are qualities to look for in a business plan writer:
Experience - You need to ask how long the writer has been writing business plans and it is ideal that they prove their experience by providing you with names of companies they have written for. Four years in business planning is ideal.
Designation - Is there a designation such as being a management accountant, an MBA, or a chartered accountant?
Education - You want to look for any formal training. However, sometimes experience can outweigh schooling. There are a variety of degrees to look for such as those in business planning and business management.
Portfolio - It is important for a business plan writer to have a portfolio. If there is no portfolio, don't even take the time to deal with the individual. A good writer is one with a portfolio in place.
Cost - The more experience a writer has, the more it is going to cost you. However, you do want good experience working for you in order to ensure a sound business plan. And make sure you don't pay the full amount up front. The most you should pay is around 35%. Pay the rest in phases as the project is completed.
The above qualities are qualities that you should look for when needing a writer to place your business planning on paper. Even though there is a cost involved, a return on investment will be achieved.
Your return on investment is achieved because having well defined business plans is what makes entrepreneurs successful. How well their plan is drawn out is what sets them apart from those who do not succeed as easily.
Brenda is a graduate of California State University and a professional writer covering a variety of business topics. To learn more about Brenda, check out her website at The Digital Inkwell.
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