August 25, 2017
Should You Hire a Business Plan Writer Or a Business Plan Consultant?
Although the knee deep in the process of launching and expanding business, many entrepreneurs choose to seek outside help to develop their business plan. The decision to bring an expert should be made after considering many factors, including budget, skills and needs, recipients of your plans and the level of your strategic contribution.
Business vs. Business Writers Business Consultants
looking for outside help, you should consider the key distinction between entrepreneurs and the difference between “business plan entrepreneurs” and “business plan consultants”. The difference lies in the depth or extent to which the engagement will be an advisory relationship, as opposed to primarily documentary work.
I need my business plan yesterday!
Many entrepreneurs are in a great hurry to come up with business plan Writers and therefore look for “quick fix”. As a result of this need for speed there are many options to get the job done as quickly as possible, from templates and software, to very cheap document services with fast execution times.
While all of these options are quick and economical, entrepreneurs should be aware that there is a significant risk associated with accelerating the process of creating the business plan. And that’s a key point: the value of a business plan is in progress, not just in the document itself.
Do not make a mistake: you need a document to get a bank loan or get the attention of a partner in a venture capital firm. But if you do not analyze the exact process of strategic planning, you will significantly reduce your chances of success.
A good business plan is to thoroughly analyze business opportunities, understand the market and the competitive advantage of your business develop a strategic marketing plan and build a solid financial model. If you have the time (and discipline) to follow this process, you will greatly increase your chances of raising capital and achieving milestones.
I need it right
The counselor’s job is to guide you through the process and eventually develop a document that will impress prospective investors, create realistic and achievable milestones and position you for success. Two key advantages of hiring an advisor is experience and objectivity.
An established consultant (or consulting firm) can do everything possible to get useful advice on the capabilities of the entrepreneur. In addition, by simply writing a plan, the consultant provides information about the fact that the merchant would probably not receive without conducting a multitude of competitive and industry studies.
The consultant also has the task of providing a third assessment of its capability. The consultant must rigorously challenge the viability of your business and the likelihood of success in raising capital, attracting customers and achieving business success. Of course, this is a rigorous process, but it is better to investigate the importance of the opportunity at the beginning rather than investing time and money into a badly planned company.