Quality Business Plan's business plan writing process is quite simple.  In starting, our business plan writer first meets with our client for approximately 45 minutes to 1.5 hours.  In this meeting, we discussed the entrepreneur's thoughts and ideas about how their business will operate, problems that the firm will solve for their customers, strategies related to marketing, and their thoughts and ideas related to cost, revenues, and financial projections.

Business Plan Writing Process: General Research for a Business Plan

With this information gathered, our business plan writer then conducts research related to the company's industry, geographic location, and other essential variables specific to your company and operations.  In this process, the main objective is for our business plan writer to gain an in-depth understanding of the internal and external aspects of your company.  With this understanding, we can then construct a well-prepared business plan document.

Business Plan Writing Process: Financial Projections in a Business Plan

In this step, the business plan writer actually starts to write the business plan.  When our business plan writers start a business plan, we often do so in the financial projections section.  By doing this, we can immediately see whether a company will be profitable.

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

With the financial projection section complete, our business plan writer then dives into the funding section.  In the funding section, we make sure to address the specific amount of money that the business owner will need, how the funds will be spent, and particular methods for which funding will be repaid.  The objective of this section is to be succinct, yet thorough in addressing how much money will be needed for the organization to start or expand and how the funds will be repaid to the investor or lending institution.

Business Plan Writing Process: Marketing Sections of a Business Plan

The marketing section of the business plan follows the completion of the financial projections segment.  Business owners love to discuss and tell everybody how they plan to market their products or services.  However, the marketing section of the business plan is definitely not something that a business owner wants to share before the strategy unfolds.

To protect the trade secrets, our business plan writer will employ a rather vague structure in the marketing section.  For example, our writer will discuss how the business owner will market their company, whether it be social media, traditional advertising, or Internet advertising. Yet, we will not provide specific details as to slogans used or details related to the strategy.

By using the structure, the reader of the business plan will have a sound idea as to how the company intends to market but not so much information that the business owner is giving up the strategic marketing playbook to potential competitors.

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.