Quality Business Plan’s business plan writing process is pretty straightforward.

• First, we ask that our prospective clients view a video sample of the business plan package they would like to purchase.  When a determination is made to purchase our business plan package, a deposit is paid on our website and a questionnaire that is aligned with the package is downloaded.
• The next step is for our client to complete the questionnaire (only complete the questions that you know, we will help with the others), and schedule a short phone meeting, approximately 20 to 45 minutes, to go over the questions and gain clarity as to how the business will operate and what information will be included in the business plan.
• Once this is complete, our business plan writer gets to work, we conduct some research, gather industry information, construct the financial projection, and finally write up the final draft of the business plan (1/22).

Business Plan Writing Process: General Research for a Business Plan

In this section, we almost always utilize resources from IBIS World for our industry research segment of the business plan.  IBIS World is considered one of the leading industry researching companies in the world.  In our industry research process, we tap into IBIS World’s database of over 700 industries, find the industry best aligned with our client’s needs, and summarize the information as well as populate custom charts designed by our business plan writer (1/22).

Business Plan Writing Process: Proforma Financial Projections in a Business Plan

In the pro forma financial projection segment of writing a business plan, we start with reviewing your questionnaire, specifically the portion discussing your startup costs, revenues, and fixed costs.  Once the review is complete, we then customize our proprietary pro forma financial projection model by inserting your revenues and costs.  Typically, revenues are based on expected daily sales.  For costs, except for variable costs, are typically included monthly.  Finally, our model will use growth rates and standard sizing techniques to expand the first-month findings to the 12-month projections and even five-year estimates (1/22).

Business Plan Writing Process: Funding Needs and Funding Request in a Business Plan

In the funding request section of the business plan, our business plan writer will work with you to help categorize startup costs, identify a specific dollar amount needed to start or expand your operations based on research provided to us, and then explain to the reader how funds will be paid back whether it be through operations cash flow or other methods.  In following this tried-and-true structure, not only are business owners able to specifically state the dollar amount needed for their funding purposes but also show, generally, where funds will be spent as well as how monies will be returned to the lender or methods investors may enjoy for compensation (1/22).

Business Plan Writing Process: Marketing Sections of a Business Plan

The marketing section for our custom-written business plans starts with a foundation based on our customer’s expected advertising channels.  For example, traditionally, most businesses use traditional marketing activities, Internet marketing, and networking.  From this foundation, we then customized the structure with our client’s thoughts and ideas as to how they will conduct marketing for each category.  Once this is done, we then provide brief examples of marketing activities like sample social media postings, etc.  By following this process, not only are we able to describe the companies marketing strategy briefly but also help the reader envision possible content utilized (1/22).

Business Plan Writing Process: Industry Research

The industry research section of a business plan may be as long as 4 to 5 pages or as short as a couple of paragraphs.  The details included in the industry research section of the business plan really all depend on the amount of funding needed and the number of details requested by the business owner.  For most business plans, one to two pages of market research is often enough to show that the business owner has a broad understanding of the market in which they will compete.

Business Plan Writing Process: Writing the Company Description

The final section of the business plan that we address is the most important, which is the company description section of the business plan.  Now that our business plan writer has an in-depth understanding of the external aspects of our client's company, we are now prepared to write up the company description section of the plan.  In this section, our business plans often include a company summary section, competitive advantage section, product and service description, and detailed business objectives and timeline segment.  Again, the amount of information provided depends upon the customer's budget and the complexity of the company.

Business Plan Writing Process: Executive Summary

The final portion of the plan write-up is the executive summary.  Technically, the executive summary is a separate document from the business plan.  In essence, business owners should be able to convey their thoughts and ideas about their business and its external environment in a brief executive summary.  Further, an executive summary should never introduce new concepts that are not thoroughly explained in the business plan.  From this, our business plan writer often, literally, copies and pastes information from the business plan directly into the executive summary.

Business Plan Writing Process: Editing Process

With the business plan now written, our business plan writer then edits and reviews the document for grammatical or spelling errors.  With this done, we then email the completed business plan in a Word document and PDF file to our client.  At this point, the client has the opportunity to review the business plan to ensure that the report captures 100% of their vision of the company.