The Role Professional Business Plan Writers Play in Creating Financial Projections

1. The Role Professional Business Plan Writers Play in Creating Financial Projections Although the role of Professional Business Plan Writers may seem straight forward or one-size-fits-all, the role they take in your business plan can take several different forms. This may apply to all aspects but, can be particularly evident when it comes to the Financial Projections of the business plan. They will most likely approach their role in one of the following ways. Incorporating Your Projections The most popular arrangement with professional business plan writers is for you to provide them with finalized projections. The financial projections for your business plan will, or should be, well supported by other information in the business plan. However, if this is the arrangement, professional business plan writers will only take the information you provide and write the best Business Plan as possible with what is provided. They will not scrutinize your financial projections or any other aspect of your

2. business plan. Validating Your Projections Another common arrangement for professional business plan writers in terms of financial projections in the business plan is to validate them. Some professional Business Plan Writers will act as a second set of eyes and may even take on an advisor role for your business plan. They have seen numerous business plans as well as financial projections in business plans, and they can quickly identify when something is not aligning, missing, or contradictory. While they won’t advise you on the overall creation and business concept, they will express their opinion when they realize the information provided will not create a fully sound business plan and make suggestions for improvement or further research and consideration. Creating Your Projections Some professional business plan writers go a step further and will actually act a consultant. They don’t just write your business plan or create the financial projections for your business plan, they will actually help you plan out your entire business and craft the resulting financial projections. This is likely to include doing some initial groundwork such as market research. This arrangement can have its advantages as the final business plan often ends up being more cohesive because the person writing it is also researching and planning it. The financial projections in the business plan are apt to be more solid as well. Unlike in the other arrangements when they are taking your information and trying to read between the lines, in this relationship they will understand the intricacies and fine details. The role that professional business plan writers play in creating the financial projections for your business plan will vary. The only way to ensure they are going to be involved in Your Financial

3. Projections Business Plan the way you are expecting is to have open communication. Many professional business plan writers are explicit about the role they will play. However, don’t be afraid to ask if it is unclear. If you and your business plan writer are not on the same page prior to beginning drafting your business plan, it can lead to frustration on both sides. The only way to avoid this is to be very clear about the expectations prior to having professional business plan writers begin your project.