Writing a business plan is one of the most important steps a business owner can take to ensure a sound foundation is created for building their current or future business. There are two ways to obtain the coveted business plan: either write one yourself or hire someone to do it for you. Either way, your business plan will be complete and chances of your business’s success increase exponentially. Entrepreneurs tend to hire business a business plan writer for four main reasons.
Starting a business.
Some entrepreneurs have described starting a business like being lost in the woods. So many different directions to go and no idea which one leads to success. Without a business plan, any direction is as good as any other because there is no set destination specifically identified. Further, like being lost in the woods, entrepreneurs just want to survive the first night, or rather year, in business.
When you do not have time to write a plan.
As most experienced entrepreneurs already know, running a business requires 100% focus on juggling innumerable start-up tasks, meeting customer deadlines, and finding time to return text messages and emails… to your parents or spouse. As all this happens, simultaneously, thoughts and ideas about how your business is operating and how wonderful it is be to solving customers’ problems better than the competitors runs through their head like an amazing sci-fi movie. The notion of fitting in time to write a business plan is a wonderful comic relief during the busy day. If this sounds like your life, then hiring a business plan writer may be for you.
Planning to grow your business.
Business owners continually scan their marketplace for opportunities to expand their services or products. Once a product or service is identified as exploitable in the marketplace, a plan of action is needed to create business models and strategies for implementation of their idea. This plan of action is synonymous with the business plan. However, small business owners tend to introduce bias into their decision-making process related to business growth. This may lead to inflated revenue projections or lower cost assumptions. To avoid this type of bias, consider hiring a business plan writer as an objective third-party consultant. This will lead to possibly more accurate projections and costs for the business owner.
Not a very good writer.
Entrepreneurs are usually extremely skilled in their line of business. A programmer, managing a successful company selling apps, is usually pretty darn good at writing programs and management as well. The sad part of the story is that just because a programmer can write an incredible app for multiple platforms does not necessarily mean they can write a well-crafted business plan in their industry. In other words, if you are not very good at writing in general, do not attempt to write your own business plan. Hire a business plan writer.
The four reasons noted above for hiring a business plan writer is not inclusive. Before writing a business plan or hiring a business plan writer, make sure to step back from your business and evaluate the pros and cons for hiring a business plan writer or writing the plan yourself. From this reflection, making decision to write your own business plan or hire a writer may become easier.
Author: Paul Borosky, MBA., ABD.