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Most of the business owner write their business plan by yourself to just save their money. But having a perfect business plan is road-map of your business so it is good if professionals will help you to write a perfect business plan for you. Here in this PPT, I have described all the aspects regarding business plan.
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WRITEYOUROWN BUSINESSPLAN? ORGET ITPROFESSIONALLY WRITTEN?
THEREAREDEFINITELYSOMECASESWHERE WRITINGABUSINESSPLANYOURSELFIS PREFERABLEANDOTHERSWHEREANEXPERT THIRDPARTYMAYADDVALUETOTHEPROCESS
Writingyourbusiness planyourself Formicrobusinessesraisingsmallamountsofinvestment (sayunder £50,000) thisislikelytobethebestapproach. Apartfromanything elseitdoesn'tmakesensespending10% or15% ofthefundsyouare tryingtoraiseongettingsomeonetohelpyouwriteaplan! Mosthigh streetbanksofferon-lineapplicationsorsoftwaretemplatestohelp you. Justbewarethatyoumayhavetorepeattheapplicationprocess severaltimesindifferentformatifyoudon'thaveastand-alone businessplan.
Whenselectingbusinessplanwriting servicesthereareafewgoodguidelines worthfollowing: CommercialExperience TrackRecord Pricing Ownership Funding
Commercial Experience Theabilitytowritewellisnotenoughtomake yourplaninvestable - thisisnotsimplyacopy writingexercise. Ifyouaregoingtosecurefunds youneedtoconstructabusinesscasethat integratesallcommercialaspectsofyour business. So, besurethatthepeoplewriting yourplanhaveseveralyearsofsenior commercialexperience - thebroaderthebetter. Thiscommercialexperienceshouldinclude budgetingorforecasting - yourfinancialsarea criticalpartofyourplan..
Pricing Servicesrangefromaround £2,000forsmall start-upsupwardsto £15,000forlarger corporateplans. Aswithmostthings, youget whatyoupayforandthepricegenerallyreflects thecomplexityofthebusinessmodel. Make sureyouaskforaspecificproposalthatoutlines exactlywhatyouaregoingtogetforyour money, thetimescaleandprice. Consider "virtualservices" ratherthan "face-to-face" consultantstoreduceyourcostsbutnotthe qualityofwork.
Ownership onepotentialdisadvantagesofhavingaplan writtenforyouarethatyouwillnot "own" the businessplanandbetotallyfamiliarwithit. So, ensurethatyouarefullyinvolvedintheprocess andthatthereistimescheduledforyouto reviewanddiscussthefinancialforecastand writtenplanwithwhoeveriswritingtheplanfor you.
Funding Haveplansthattheyhavecreatedsecured funding? Whilstfundingdependsonawide varietyoffactorsandnotjustthequalityofthe businessplan (stateofthemarket, availabilityof capital, product, service, proposition, managementteametc.) anyspecialistservice shouldbeabletoquoteafewexampleswhere theirplanshavehelpedtosecurefunds.
TrackRecord Manybusinessplansareconfidential sodonotexpecttoseemany examples. However, companies shouldbeabletoprovidewritten andattributabletestimonialsfrom clients.
Formostpeoplewhodonotpossessexperienceofwriting businessplansyoumayimproveyourchancesofsecuring fundingbyengagingaspecialistwritingservicetohelpyou createaplan. However, makesureyouarefullyinvolvedin theprocess - youneedtoowntheplanattheendoftheday andknowitinsideoutandbackwards - yourfutureisinyour handsnottheirs!
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