Whether you are launching a startup or expanding your existing business, the most challenging aspect is undoubtedly to secure funding. Remember that lenders and investors won’t just hand over the capital without looking into the viability and the profitability of your plan. That’s why you business plan consultants to intervene. These professionals do not merely offer business plan writing services but help in shaping your business to meet the expectations of banks, venture capitalists, and various other sources of funding.
Choosing the right kind of funding is one of the fundamental aspects of conducting a business and a technique for managing your finances. Each option of securing funds has its pros and cons but the best fit will depend on the type of business, risks, and goals. So, here is the basic roadmap needed to secure funds:
➡️ If you are planning to launch a high-growth startup, need a huge amount of fund, and willing to give up a portion of your ownership, equity is the best choice. The basic advantage of securing this form of funding is that you need not pay anything back in case the idea fails to materialize.Equity funders are whom you also call angel investors and venture capitalist firms whereas loan funders are banks and various financial institutions. Equity is the right choice for businesses with very high prospects but uncertain cash flow but businesses with specific financial projection can rely on loans.
Here is how business plan consulting services prepare you to secure the right kind of funding:
Don’t think that the business plan is a financial document; ideally, it narrates the story of your business. With the help of these consultants, you get an opportunity to narrate the story clearly and persuasively, tailored to your target segment. With them, your mission, vision, and unique value proposition comes across compellingly.
From a lender looking forward to security of payment to an investor seeking long-term returns, the narrative must instill confidence. A business plan consultant works with you to convey the following:
➡️ Define business goals
That way, your business looks more trustworthy and relatable to fund providers
Another thing that a lender or an investor checks is market analysis. They are more than curious to know deeply about the competition, your industry, and the customer base. The business plan consultants conduct in-depth market research to:
➡️ Identify the target market segments
Keep in mind that research is not just garnering data but comprehending it in a way that supports your growth strategy. When market research is conducted professionally, it demonstrates to funders that the business model is steeped with real data and not just visionary beliefs.
There is no denying that financial projections are the cornerstone of your business plan. Banks and investors are curious to see how your business will generate revenue manage costs, and achieve profitability. Business plan consulting services can work with financial experts to create:
➡️ Projected income statements of three to five years
When you hire business plan consulting services, it’s easier to ensure that these projections are not only optimistic but defendable and realistic. These professionals ensure that the projections are not only positive but defendable as well. By aligning the financials with your growth strategies and business model, he funders will come to know how exactly the money is going to be used and way in which it will expectedly generate returns.
Apart from the business plan, consultants also assist businesses prepare a pack of pitch materials designed to catch attention quickly and they are:
➡️ Pitch decks or presentations
These tools come to help for those who may not have enough to read an entire plan. The consultants ensure that the key points come across clearly, concisely, and persuasively.
Investors and lenders expect a polished and professional presentation and a consultant ensures the following:
➡️ Follows the accepted formats of the industry
Several plans face rejection due to lack of clarity and professionalism no matter how good the ideas are. When you work with consultants, diminishing these red flags is easy.
Creating a business plan that resonates with investors and lenders is not just about filling out templates or crunching numbers. It is about telling a credible and data-driven story that shows your business is worth the risk. Business plan consultants bring experience, objectivity, and expertise to the table and bridge the gap between a good idea and a fundable business. At Plan Writers, we don’t just write business plans but build the strategic foundation that gets your business funded. Visit us here https://planwriters.com/ for a free consultation.
Templates are generic whereas consultants create investor-ready and loan-ready documents to increase the chances of securing funds from appropriate sources.
The sources of funding include SBA loans, investor funding, crowdfunding, and venture capital etc.
Yes if the consultant offers a Non Disclosure Agreement, the data can be kept fully secure.
Yes, they offer revisions, pitch preparations, and strategic support after the delivery.