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.

The Qualities of a Good Entrepreneur

admin1

Dec 3, 2013 9:20:37 PM

How to be an Efficient Business Owner

Whether or not entrepreneurial spirit is innate or created, one that’s for sure is that many proud and productive business owner share similar characteristics. As a heads up, investors know what those characteristics are and they adamantly search for them while they analyze your business plan. If you don’t display those abilities in the business proposal to your lenders, your idea will be stomped out before it has a chance to take flight. Furthermore, if you are able to display those important traits, you should find investors chomping at the bit to get a piece of the action.

What are those key traits? We’ve compiled a few below:

Taking opportune risks

good-entrepreneur-1 If you’re highly against taking any risks, it doesn’t reflect well onto your determination for success as a business owner. In general, launching a start-up business can be opening yourself up for failure. Taking on the endeavor of building a business from the ground up usually requires that you take a shot in the dark and hope that things level out. This move holds some sense of fear by needing to pull out funds from your own savings account instead of adding to them — all for a chance at being a successful entrepreneur. Additionally, researchers agree that this shows a qualifying entrepreneurial spirit and a recent study, from the University of Cambridge, shows that entrepreneurs harbor a desire to make decisions that may put them in iffy situations that also give them the chance to take advantage of previously unseen opportunities.

Confidence

good-entrepreneur-2 Whether you’re afraid to take risks or not, believing in yourself and in your own ideas are of the utmost importance. Investors truly enjoy seeing the fact that any individual entrepreneur invested their own funds into their business idea. It shows the entrepreneur’s confidence in their product or service and shows investors that they won’t back down when the business gets in a pinch. Additionally, business owners that show confidence in their business plan are better equipped to present it. When any salesperson is personally confident in the product or services, it instinctively displays to clients or investors. As Mike Jones, the former CEO of Myspace, states accurately, “When you invest in someone with confidence, you're investing in someone who can typically get investors on her side and sell her vision to the staff. Importantly, that entrepreneur will likely also have a better chance of selling the business to a buyer in the future.”

A sturdy network

good-entrepreneur-3 According to TalkSession CEO and founder Melissa Thompson, the “ultimate asset” of a business is a sturdy network, “It is the innate power of a good founder's network that will turn napkins into products and products into successful businesses.” Networks are fantastic resources for mostly everything any company requires to begin. The more networking contacts you have the better and many can help spread the word about your business, put you in touch with reliable finance sources, or can even become helpful in assisting your endeavor. Networking contacts can also give you suggestions for your business or they can simply act as a source of support when situations force you to roll with the punches. With an established support system in place, the difficulty of creating your company can be a world of difference.

Be open minded

If you are completely incapable of receiving negative feedback and processing it into constructive criticism in order to adapt your business, then it’s possible that your business might be headed for a rocky road. Having an open mind is one of the many characteristics that are crucial when creating a start-up that’s headed places. All the feedback that you receive, whether it’s from customers or knowledgeable business experts, provide a plethora of essential research that you can’t get anywhere else. By actively listening to what they have to say, you get a chance to obtain objective insight on your business model. If you aren’t able to use feedback and criticism to adapt your business plan, it will quickly alarm your potential lenders. Thus, you shouldn’t pause when trying to demonstrate that you have are open to suggestions that relate to your business plan.

Business Plans

The Qualities of a Good Entrepreneur

The Qualities of a Good Entrepreneur

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