May 27, 2020 is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Articles for Entrepreneurs


Outsourced Business Plans


When Does It Make Sense to Outsource Business Plan Writing?

You've been putting off a business plan long enough. Now maybe it's time to outsource your business plan writing to a professional. Here are some scenarios that make hiring a business plan writer the right move for your business.

Writing your own business plan can be a valuable exercise. But sometimes you're better off outsourcing your business plan to a professional.

To guide your decision, we've compiled a list of common small business scenarios that might make a business plan writing company a more appropriate option than writing your business plan yourself.

Reasons to Outsource Business Plan Writing

  • Too Inexperienced. Don't fool yourself. The quality of your business plan will have significant ramifications for your business. If you don't know what you're doing or if you lack the confidence to deliver a top notch strategy, the process of writing a business plan will be frustrating and ineffective. Professional business plan writers can create a quality end product but they can also show you how it's done so next time you might feel more equipped to do it yourself.
  • Too Experienced. Too experienced to write your own business plan? It can happen, especially if you have always handled your own business plan and strategic planning documentation. Stale business plans don't produce. But outsourcing your business plan can deliver new ideas and fresh perspectives to your business plan, not to mention your business model.
  • Too Biased. As a small business owner, you are too biased to provide an objective analysis of your company's current condition and future prospects. The need for unbiased analysis alone should be reason enough to look outside the company for help in writing your business plan. Even if you decide to write your own business plan, common sense dictates hiring an outside consultant to offer an unbiased analysis of your plan.
  • Too Short-Staffed. A team approach is usually the best approach for writing a business plan. If you are already short-staffed, it could be difficult to involve others in the business plan process. If that's the case, you can use a professional business writer to augment your team. Although you can still be integrally involved in writing the business plan, outsourcing can give you the ability to incorporate additional perspectives into the business plan.
  • Too Busy. Time constraints are the number one reason most entrepreneurs outsource their business plan writing. The process of creating the kind of business plan that makes an impression on investors takes time, and business plan writing companies are a convenient way to increase the number of hours in your day.

Related Articles

Want to learn more about this topic? If so, you will enjoy these articles:

How to Choose a Business Plan Writing Company
Business Plan Writing Companies
Some Reasons Not to Outsource Business Plan Writing

Conversation Board

When should a business owner outsource business plan writing? Is hiring somebody else to write a business plan a smart move? We welcome your comments, questions, tips and advice.

Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code



Additional Resources for Entrepreneurs

Search Engine Marketing

Social Marketing Optimization

Business Forms

Business in the Jungle - Business in Fiction - Negotiating

Radio Ad Costs

Newspaper Advertising Rates

City-Specific Resources for Entrepreneurs

Small Business Insurance

Global Entrepreneurship

China & Entrepreneurs