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Making a Business Plan? Here are Your Options
When you are making a new business plan there are a number of ways to proceed with development. These are the four primary options:
Write From Scratch
Creating a business plan from scratch will require a great deal of your time. Another disadvantage is that working without outside input will deprive you of the expertise of others who can help improve your business strategy and writing. However, writing the plan yourself from scratch will give you total control of the product, if loss of control is your primary fear, and will cost you less in cash (unless there is a cash value assigned to your time...)
Write From a Template
Writing your business plan by starting with a business plan template will incorporate some qualified outside input, as the structure and content of a template can better guide your work. This will begin to offer some assurance that you are proceeding in the way funders prefer. Templates to work from are generally cheap (under $100) and include financial models in Excel or a similar program, cutting down on the time you need to create financial statements significantly. However, you will still have a great deal of work to do yourself in customizing the template and in preliminary research.
Hire a Business Plan Writer
A basic business plan writer should be able to take information from interviews, notes, and bullet points from you and convert it into quality prose for your plan. This will save you a great deal of time, but at a cost. If you are relying on the writer for research and financial calculations, you may need a more experienced or skilled writer and, therefore, pay a premium for that service as well as the additional work.
Hire a Business Plan Consultant
A business plan consultant can either write your plan from scratch or just advise you on a plan you have written. The added value of a consultant is their in-depth knowledge of what funders are looking for and how to best craft a strategy to achieve success both in fundraising and operations. Due to their increased skill level, working with a consultant will be more expensive than someone who bills him or herself as just a writer. This can be money well spent if the consultant is successful in improving your ideas (or even steering you away from a disastrous business idea or course of action).
Consultants with an experienced firm to back them up may have a wider range or resources and expertise at their disposal as they advise you. They also may be able to offer competitive or lower rates than some independent consultants, as they can leverage their systems and resources to save you money. Using a business plan consulting firm is definitely worth the price if you can afford an initial cash outlay.
Finish Your Plan Today With Our Business Plan Template!If you want to create your own business plan quickly and easily, we now offer an easy business plan template that allows you to develop a professional business plan in hours or days, not weeks or months.
Visit this link to learn more: http://www.growthink.com/products/business-plan-template
OR, We Can Develop Your Plan For You
Our professional business plan consultants can create your entire business plan for you. We will make sure your business plan is sound and ready for investors so you can continue to focus on running your business.
To speak with a Growthink business plan consultant, call 800-506- 5728 or complete the form below.
Important: Growthink will never share or sell your personal information and we will keep all business information completely confidential.