Professional Business Plans

Comments (20)


You know you need a business plan. You probably realize that it is one of the best ways to get your business up and running. No matter what your business is, a business plan can help to focus its direction while providing the information you need to get moving. The most important thing a business plan will do is to provide your financial backers with a reason to give you their approval. It will show them how you plan to work your business.

So, how will you know what to write in your business plan? Do you know the first thing about writing a business plan? It may seem like an overwhelming task to try to figure out what to write for your personal business plan. You may have attempted to take out a few books at the library or even asked a friend to help you. But, are you satisfied that your business plan will be successful? Remember, you only get one chance to WOW people, so the first business plan they see will be the one they remember. What if it's just not good enough?

Okay, that's enough worrying! It is time to act! Your first order of business is to decide what your business goals are. Once you have a basic idea of what you need, you can then do several things to determine what type of business plan you need as well as where to get it. One of the best things you can do when in need of a business plan is to hire a qualified, experienced business plan service.

Not only will you obtain the best professional business plan available, but you won't have to struggle over the words yourself. Now, how much better can that be? Using sample business plans from their website, you can see just how well their products can fit your needs. Sample business plans can be a great way to visualize the finished product. Using a sample business plan as a guide, you can determine if the product will fit your needs and plans. If not, perhaps you can see what is missing in your point of view.

Having a professional business plan will make all the difference during that trip to the bank. The trip to see if you qualify for funding is enough to worry about. Having a well thought out, professional business plan can give you the comfort and security you will need. The first impression you give the lender will be one of professionalism, attention to detail, and organization. That alone will help them realize that your business is worth the risk. What's more is that there is just no real reason to not have a professional business plan. They are relatively inexpensive and pay for themselves when you secure that loan. Making a smart business choice begins with your business plan!

About the Author

Ken Austin
http://1stdiscountshopping.com
http://1stinroses.com

Comments

millylouise 05.11.2007. 23:24

How much should I charge to research and write business plans? I am rather proficient in the art of writing a business plan. It's a very time consuming process, and I am a perfectionist. A friend messaged me and asked how much I charge for business plans. What is the going rate for a professional business plan? Thank you in advance.

millylouise

Admin 05.11.2007. 23:24

That's good question. I imagine it all depends on how good you are and how much you value your time.

My business is writing business plans/projections and private placement memorandums for companies around the world (www.i4advisors.com). Realistically you need to consider a couple things: 1) not all business plan are the same; 2) you need to take a look the company, market, etc and determine how much research you will have do; 3) you need to consider how much input the company will have or is dropped in your lap; 4) how much is your time worth per hour...

Typically for a proper business plan of 35 to 45 pages with comprehensive projections will run a company $6,000 to $30,000 depending on how much research needs to be done, and how much input the company provides and what the company needs the business for.

To write a business plan for less that $2500 makes no sense. When you consider the amount of time involve, your paying yourself below minimum wage.

How this helps.

Admin

lovesoccer1979 23.03.2011. 22:46

Should I hire someone to write a business plan for me? I want to know who professional write on business plan from soccer store. Please let me know soon. Thank you!

lovesoccer1979

Admin 23.03.2011. 22:46

You should really write the business plan yourself.

I could write one for you, but I'd charge you too much, and part of the value of having a business plan is going through the process of writing it and asking all the questions that it involves.

It's not difficult to write one, though, and for a retail store, you can probably find lots of sample plans available that would get you most of the way there.

Here's a site where you can download some samples:
http://www.bplans.com/sample_business_plans.cfm

Here's a guide to writing one from scratch, with a sample template:
http://www.financeocean.org/finance_articles/article/14-writing-a-business-plan-a-how-to-guide

Admin

lifebythehorns 28.07.2011. 09:05

Will a professional business plan writer do the research needed to complete the business plan? I understand that I have to give them the business idea and how I plan to make money. But will they do the more detailed work or should I just write it myself? I understand their job is to put it in to a professional format, but will they do any of the necessary research needed to complete the business plan? I can provide the estimated income of the business and how much I plan to invest and so on... I am just wondering what I am paying for exactly... Thanks

lifebythehorns

Admin 28.07.2011. 09:05

Well, that is exactly how they obtained the title "professional"

Admin

lifebythehorns 28.07.2011. 07:37

Will a professional business plan writer do the research needed to complete the business plan? I'm just wondering how much information is needed to get a business plan writer to start writing. It seems to me that if you are paying for the service that it would include doing the necessary research needed to put said idea in to a formal presentation. I appreciate the help.

lifebythehorns

Admin 28.07.2011. 07:37

No if you want to buy a business then you must have some idea how it is going to work. and how you are going to make money out of it. Asking a stranger to come up with ideas is pointless. they won't be there when you are running it. Their job is to put your ideas into a legible format
UK

Admin

RunRunRun 01.05.2011. 05:03

In a business plan seeking venture capital, should you comprehensively document competition? As business owners, in writing our original business plan, we originally documented - heavily - the competition in our market, including location, some of their costs of business, methodology, etc. However, after compiling our plan we decided to go with professional, high-rated business plan writers to help our plan get that polished edge. In their re-working of the plan, they eliminated the vast majority of our competition section, instead choosing to focus on the general deficiencies in the market with a few references to our main competitor, though not naming names nor actually specifying them in particular, but instead noting as general principles of others in the industry.

Should explanation for competition be explained in meeting with an investor or should this be outlined from the get-go to bring the investor fully into the loop when initially reading the plan? We are trying to firmly establish the role the explanation of the competition should be in the plan, versus supporting documentation we need to have prepared and ready to share upon meeting the investor.

Your help is greatly appreciated.

RunRunRun

Admin 01.05.2011. 05:03

I think your competition would be of great interest to the venture capital group. I think its a mistake to leave out that kind of information. Frankly, it seems a bit amateurish. Unless there aren't any real competitors in your market segment?

Admin

cougar 09.09.2008. 23:10

Who can best write a business plan for me? Need someone to write a professional business plan for me because i am disabled. Can anyone help????

cougar

Admin 09.09.2008. 23:10

For a fee

Admin

Tavern M 24.05.2007. 17:58

What are usually missing in business plans? What are usually missing in business plans?

I am putting together a business plan, something I?ve never done before, I want it to be as professional of a plan as possible. What should go in the plan, how much detail should the plan have? Any help would be great!

Tavern M

Admin 24.05.2007. 17:58

Here are some resources that can help you write your business plan:

- SBA Business Plan Basics http://www.sba.gov/starting_business/planning/basic.html
- PowerHomeBiz.com Creating a Business Plan section http://www.powerhomebiz.com/startup/businessplan.htm
- Entrepreneur.com Writing a Business Plan section http://www.entrepreneur.com/bizplan/0,7253,,00.html

You may also want to review some sample business plans to see how it actually looks like:

- Bplans.com http://www.bplans.com/sp/businessplans.cfm
- MOOT Corp Business Plan competition winners
http://www.businessplans.org/businessplans.html
- VFinance - View hundreds of real business plans in pdf format. http://www.vfinance.com/home.asp?bps=1&ToolPage=bps_main.asp
- Business Owners Toolkit Sample business plans and information on how to create a plan. http://www.toolkit.cch.com/tools/buspln_m.asp
- PlanWare Planning software and information. http://www.planware.org/
- Virtual Business Plan Walk through the design of a business plan. http://www.bizplanit.com/vplan.html
-SBA Business Planning Guide http://www.sba.gov/starting_business/planning/basic.html
- Small Business Advancement Center http://www.sbaer.uca.edu/business_plan/businessPlan.pdf
- Sample Business Plan General planning guide created by the Canadian Business Service Center. http://www.cbsc.org/servlet/ContentServer?pagename=CBSC_FE/display&c=GuideFactSheet&cid
- Business Plans Index - A subject guide to sample business plans and profiles for specific business types from Carnegie Library of Pittsburgh. http://216.183.184.20/subject/business/bplansindex.html

Some recommended books are :

- Business Plans Kit for Dummies
- The Complete Book of Business Plans : Simple Steps to Writing a Powerful Business Plan
- Writing Business Plans That Get Results : A Step-By-Step Guide
- Business Plans For DummiesŪ
- Your First Business Plan : A Simple Question and Answer Format Designed to Help You Write Your Own Plan

Hope that the above resources help

Admin

Italian Chef....Yummy!!! 18.03.2007. 09:49

Where to get an excellent business plan for italian restaurant? Hi..Everyone

I am Planing to open my own italian restaurant in Virginia (Richmond up-scale Area). I currently have 2 problems to face. one is the business plan, I have been searching for a good consultant who is specialize in this industry. I have not find one yet, I was wondering if you happend to know someone who is able to help me with my professional Business Plan. Second, I would like to know how to find private investors. I found one that is very interested in contributing his money in my company, but, he requires a business plan to go with it. Please let me know what to do.

Sincerely,
Jason seth

Italian Chef....Yummy!!!

Admin 18.03.2007. 09:49

I am also facing a similar problem. I am planning on executing a hostile take over of Microsoft. All I need are funds (1 trillion should due) and a plan. Once I get these two, I will be happy to run the business. Thank you for posting your question. I hope that I will be able to apply your best answer to my problem as well.

Admin

Starscream 18.08.2011. 21:52

What type of company helps to transform an idea into a business plan? Lets say you have a good idea, a vision, but you lack the professional skills (numeric) to put this as a business plan.

My question is, .. Is there any type of company that helps in this case?

Can you give me one or 2 examples of one of this business in your country?

Thanks

Starscream

Admin 18.08.2011. 21:52

Yes, and they're called business plan writers or business plan consulting companies

Growthink is one good company - a bit on the high side, but really knows what they're doing http://www.growthink.com/businessplan

Masterplans is another good one http://www.masterplans.com/v5.1/

Admin

veronika 02.05.2006. 20:08

How do I find companies that need business plans and a start-up capital? I would like to start my own business writing business plans, creating financial models and asssisting small and medium size companies in rasing a start-up capital. Any ideas how to find clients? Would really appreciate your advice..

veronika

Admin 02.05.2006. 20:08

The business plan writing service is an exciting business that demands a combination of writing skill, business expertise, and creativity. Your task is to help new or existing businesses develop an overall blueprint that includes medium-term and long-term strategies, market positioning, financial requirements and start-up costs. This business is ideal for areas where many new businesses are starting and existing businesses are expanding.

However, not all new entrepreneurs prepare a business plan: many find the process too tedious or they lack the knowledge to make one. Your most probable clients will be those entrepreneurs who are seeking loans, attracting investors, looking for franchises, or businesses at the point of being acquired.
To start in this business, you need a strong business background, good knowledge of financial statements, good business writing style and the ability to see a business both from the perspective of the owner and the financial source. It would help if you have already put together business plans before so you know what questions to ask and what information to find. Study the various business plan software available in the market, but learn to adopt it to your client's particular situation.

Start-up costs for this business can be low particularly if you already have equipment like computer, fax, and Internet access. Your biggest cost may be professional liability insurance to help protect you when your recommendations for the future direction of the business turn south. Earnings, on the other hand, can range from $2,500 to $5,000 per project depending on the time it takes to write the plan (usually three to four weeks) and the amount of research you need to do. Your price can increase to as much as $25,000 per project, particularly for big corporations seeking new funding. You can also supplement your income through business editing and revising existing plans because of the change in your client's circumstance.

Like any new business, finding the first client is the hardest. Networking and referrals are the most effective ways of finding clients. Join chambers of commerce and economic development groups. Make contacts with bankers, venture capitalists, angel investors and organizations that offer business mentor programs or entrepreneurship centers. Hone your skills by preparing business plans free of charge at the beginning, in order to have a portfolio of plans you can show to prospective clients.

Recommended Books:

How to Write a Business Plan (5th Ed) by Mike P. McKeever
The Prentice Hall Encyclopedia of Model Business Plans by Wilbur Cross, Alice M. Richey
The Complete Book of Business Plans : Simple Steps to Writing a Powerful Business Plan (Small Business Sourcebooks) by Joseph A. Covello, Brian J. Hazelgren

Admin

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