Do I really need a business plan?

We have found that when entrepreneurs dedicate their time to planning their business, not only do they save money by avoiding mistakes, they are also more likely to succeed. A good business plan requires the entrepreneur to address all the challenges he or she will face and visualize exactly how he or she will achieve his or her goal. Through this process, the entrepreneur will improve his or her understanding of the opportunity ahead and better prepare him or herself for success. This is why banks and investors almost always require the entrepreneur to develop a detailed and professional business plan.

Why can’t I write a business plan myself?

Even if you have an outstanding business background, it can take months to process relevant market research, model your financial projections and synthesize all your data to complete an impactful business plan. It’s much more effective for you to focus on developing your business while leveraging outside experts to write an efficient business plan and gain unbiased perspective into your business. By using The Plan Writers, we will identify new opportunities and challenges for which you can prepare. Finally, we subscribe to top dollar academic literature to which you would most likely not be privy. The research reports alone are usually worth more than the business plan you are paying for!

Who are the writers and what are everyone’s qualifications?

We spend a tremendous amount of time head-hunting quality writers that meet our standards and fit into our company culture. Any writer that is on our payroll will have an MBA and/or at least 5 years of professional work experience. This is to ensure you have the most knowledgeable business plan writing service for your business.

Have you worked in our industry?

There will most likely be someone on our team that has prior business experience in your industry. Chances are, we probably have already written a business plan similar to your business. Does this mean that we ever recycle material? No! We not only personalize every business plan, but you will also be able to leverage all the best practices and trends we’ve discovered. The bottom line is that we all come from diverse backgrounds and are passionate about working through different business models.

What’s the success rate with your business plans?

We often time get asked this question and have to set the proper expectations. As writers, we absorb, guide, and convey your vision to help guide your success. Ultimately, it is up to you to recognize if you have the resources, expertise, and determination to accomplish your goal. An investor or bank may not fund your business plan. However, we can promise you that it will never be rejected because of us.

Finding Small Business Plan

admin1

Nov 11, 2020 2:35:36 AM

If you are planning to become a small business owner but you are not sure how to start with it, the first thing you need to stop doing is getting stressed. Opening a successful business takes time and courage. The primary step of getting it done is to have a strong detailed plan about your business idea. The experts of business plan writers can help you get it done so that you can present it to your funders.

SBA Business plan typically consists of a layout for about 3 to 5 years and contains all the details of your goal and plan on how you want to achieve them. Whether you are applying for a loan or are speaking to a business investor, a prepared and well presented business plan can help you get more attention. While a small business plan should focus on the essentials, it is also important that you address the other features such as organizational structure, market position, finances and product descriptions.

Here are our ten points that you must keep in mind before you start a small business plan –

Write down your thoughts

While you are in the planning process, make sure that you keep all the ideas written. This is because once you start the business, there will be too many options of thinking and your previous plans might get overshadowed. Do not go for anything grandiose immediately but you can make it noted in your business plan.

Get help to create the plan

The experts of SBA business plan writers can help you construct a proper business plan. Doing it yourself is definitely one way to go about it but the experts will have the right templates and from the experience will understand which points should be highlighted and how to describe the important parts rightly.

Describe the nature of your business

What kind of markets will it serve, what will be the services and products, why are you presenting these services and products, who are your competitors, will your organization function better than your competitors - think of all possible questions that your funders might have and try to respond to all those in the plan.

Analyze the market

Before jumping in, you need to understand your target market. Whatever is your product and solution you will not be catering to everybody. So, who are those that will need your solutions? Do not have a perception of the market instead create a proper one through research and studies.

Develop a sales and marketing plan

When you have the target audience in mind, you can understand that distinguished characteristics of your customers. This will help to create a marketing strategy that will take your brand to places where you cannot reach on your own. The very important point is to keep the pricing very competitive because even though you are offering quality products, the initial step will be the price because people are here to understand how you are different than the rest.

Prepare financial statements

For your new business, the moment you prepare the SBA business plan, you need to also keep in mind how you will be expanding when you will reach a certain stage. So, give the figures of projected income statement, cash flow calculations, balance sheet, break even analysis and more.

Choose an interesting name

Right business name can take you to places. Have a logo which matches with the name and brand. Keep trying out names until you think the one that fits with your business and mission.

Register the name

Once you have the name finalized, make sure that you comply with the legal necessities to make your company registered one. You can find more information from the US small business administration. Owning a name for your business will add to the confidence.

Establish the legal structure of the business

Discuss with your lawyer if you are looking for a sole proprietorship, partnership, Limited Liability Company, corporation or something else. This choice will have implications on tax payments and more.

Describe the management structure

Who will be the leader of your company? Will you be taking care of all the financial as well as administration decisions? Who will report to whom? How many employees will you need in your team? Describe all these responsibilities so that you can have an organized structure.

To create a business plan that can stand out from the crowd, you need to get in touch with the experts of plan writers. Their years of experience can help you achieve what you always wanted to achieve. Visit https://www.planwriters.net/ to find out about their work.

SBA business plan, business plan consulting

Finding Small Business Plan