Should you hire a Business Plan Writer?
So, you’ve conceived your business idea and you’ve been through all the steps leading up to the implementation. One of those steps might be to write out a business plan. Now the very thought of writing a business plan can be quite daunting and tends to fill most business owners with dread. There is no doubt; it can be a difficult and stressful, as well as very time consuming process. If you are one of the many that feels this way, you may be better off engaging the services of a professional business plan writer.
What Is a Professional Business Plan Writer?
A business plan writer will generally work with you, the entrepreneur to commit your ideas and plans down in a way that is organized and strategic. They are familiar with the practices and processes of a business in general and will be able to guide you and interpret your ideas, in the right way and with the right terminology.
How can a Professional Business Plan Writer help you?
There are two types of service and it will be down to you – the entrepreneur to know which one you will need.
A Business writer could simply listen to you, collate your ideas and present them in a professional way for you.
The other sort of Business writer would act more in consultant capacity. This means they will not just listen you and collate your ideas, but they would also discuss them through, advise you and help shape your ideas from conception to the very end and then present you with the finished product. Needless to say, a lot more time and effort will go into this process, from the Business Writer, so this service will cost you a lot more than the basic service. You will however have a product that you can be confident to use whenever needed. This would become quite important should you need to apply for financial support for your business – in the way of funding (a grant etc) or a loan.
Why would you take on a Professional Business Plan Writer?
There will be a number of different reasons why you would prefer to use the services of a Business Plan Writer, but the main one would have to be the lack of experience – what you don’t know, you don’t right? So why would you want to potter around with something you don’t have enough experience in; especially when your existence could depend on it.
It is of course possible to learn how to write a business plan yourself, like with everything else, you could learn if you put your mind to it. But it might be unchartered territory for you which would mean endless hours of research. This could mean that a business plan that could have been whipped up in a matter of days, may now take a number of months! So might best to just leave it to the professionals, while you focus on other vital areas of your business.
Where to find a Professional Business Writer?
Always best to start locally; ask other local entrepreneurs. If you belong to any networking groups, also a great place to ask. Take a trip down to your local chamber of commerce or local business association to see if you’ll get some contacts there. Your local government business advice centre will always be happy to point you in the right direction.
The internet is also awash with many options, where you’ll find freelancers as well as established businesses, all specialists in this field. Be sure to do your research first before signing up with any.
What Should You Look For Before Hiring?
Whilst those that come recommended, would be the best choice, it shouldn’t mean there aren’t others out there that can’t do just as good a job. It just means more due diligence. As a start up business, you might be tempted to go for the cheaper / est option out there, but be very mindful that cheapest could end up being the most stressful experience. Having said that, you mustn’t go for the most expensive service either. There needs to be other things to be taken into consideration alongside the cost.
An experienced Business plan Writer will always have samples as well as testimonials (should you wish) to show you. As already stated, if you have greater plans for your business plan, further down the line, then invest the time and money to see that you get the right service. Your business plan has to be professionally presented, detailed, legible and realistic.
Be sure to check the contract, to make sure you are satisfied with the terms: specified number of revisions as agreed by both parties, will it be a flat rate, or per / hour?
All of these points should be able to help you determine whether you need a professional business plan writer or not. It may be an additional cost – and an expensive one at that, so you owe it to yourself to make sure it is money well spent in the long run.