It is both a challenge and an enjoyable adventure to start one’s own business. Taking this decisive move, and the first request that comes to one’s mind is, “Write my own business plan!” The question is who to address this request. You have already learnt a lot and you have gained a lot of experience in the course of your education and career. Still, it is scary to launch an absolutely new campaign.
It may happen that you have no relevant information for the potential investors. You may have forgotten to take necessary measures in the process of getting the investors interested. You may be at a loss how to start the plan. You will see that your questions will multiply when you start working on a business plan.
It is at this stage you will realize that a successful entrepreneur needs efficient business plan writing services to get some professional help. It is a reasonable decision and the company will flourish because you have brought in an expert. Your reward will be your financial independence, but first of all you have to exert some efforts to ensure that the whole process is smooth.
Take Some Time to Think over the Following Questions
You may either write down complete answers or just make some notes on a napkin. You may even think about the questions without writing down the answers; in any case, your process of business planning will be much more effective.
- Who are you?
Start with the most fundamental things before you hire an expert in writing business plans. How can you characterize your business? Who are your potential buyers? Who will execute the work?
Identify the mission of your business company. Specify the people who you will run your business with. Find your priorities and form the image of your desired company.
Form the basis of your conversation with the professional writer on the acquired information. Take into account the culture of your company and your mission statement. Thus, you will determine the required development direction of your firm. Specify the intended size of your company as well as its reach.
- Type of Entity
It is a must to take into consideration the business formation of your company. How is your business named? Is it formed as a C-Corp, S-Corp, LLC, or any other entity type? Who will the ownership of the company belong to?
The professional business writing services will have to know the physical location of the company and its physical address. If your business is going to be launched online, you have to tell about that as well.
- USP or Unique Selling Proposition
Consider the traits that make your business exclusive and unique. Be ready to define your business vision and present your views on the demand for your business goods or services in the marketplace.
Which companies are your key competitors? Even if you are going to work in the innovative sphere, your business will have to face competition. If you see no current competitors, think about the companies which may want to be in the same industry as you are.
Do you have an effective leadership team? Who are the members of that team? Do they make your company successful?
Are you ready to manage other people? It happens that some people avoid this responsibility and go into business for different reasons. They may even have no plans for growth, while others realize the necessity to employ the staff and dominate in the market. As soon as you determine which size is the best for your company for the following month or years, you will be able to specify the components of your business plan.
- Target Market
Try to be specific defining your core clientele. Determine all the specific features of your customers, including the level of their income, gender, age, demographics, etc. For instance, starting a ‘software as a service’ company, you cannot define your target market as all people with tablets or computers.
What Is the Short-Term Goal of Your Business Plan?
If you already know that you need professional assistance and ask the experts, “Could you please write my own business plan?”, you need to know the plans of your company for the nearest future. Will you start with looking for investors? Will you, first of all, seek for funding from the banks? Are you going to keep safe and get a roadmap to manage the available funding first?
Will you buy a franchise or cooperate with Small Business Administration? If you have some doubt about starting your business, it can be reasonable to start with a feasibility study to get an insight into the potential power of your business concept. If you are hesitant, it is a great start for you.
When you are aware of your won expectations and plans, you can talk to an expert and discuss what you need as a finished product.
Which Funding Do You Need?
You may think that the question of required funding is beyond the scope of a business writing company. Actually, they can do this for you, and you need their assistance.
You are the person who makes the decisions; so, you should at least assume how much you will need to let your business grow. Your business planning assistant will use your ideas to move forward and tailor your business plan in accordance with your needs.
Thinking about the required funding, take into account that there are several different types of it with their own specific requirements:
- Investors: They are the people who need to see specific business plans with clear rewards for them as well as determined period of time needed to get a return on the invested money. Investors can be of different types, having different priorities. Your business can benefit from the investment, but it also raises the expectations in terms of profits and performance rates.
- SBA / Bank funding: This funding method is classic as it is based on SBA loans given by certified lending institutions. The Small Business Administration gives a partial guarantee on the SBA loan, and all the required papers will be designed in the proper way with full attention to detail. There is a strict set of rules and regulations, and it is necessary to have a business plan compliant with the SBA.
- Family and friends: There is a common mistake that people ask for financial help from their relatives and friends, having no business plan. What they want is an investment or a loan, so they need to persuade even the close people that their intentions are serious. You get the money saved fro some personal purposes; so, you have to explain to your lenders how you will give the money back. Your business ambition depends on the trust of the people you know; so, treat them with even greater courtesy, care and respect than you would have for a bank or a stranger.
Ask the professional writer “Write my own business plan!”, having considered all your intentions, required funding, and elements needed for a right business plan. Note that even the most experienced entrepreneurs need to rely on professionalism of business writers.
Finally, think about the most crucial aspect.
Ask the question, “How much does a business plan cost?”, but do not make it the most important one. You are the core of your business, but even being committed to your success, you need some professional support. You can make mistakes and learn from them in the planning process, but you can also try to avoid mistakes, relying on the expert views.Your diligence, enthusiasm, and faith in success in accompaniment with professionalism of the experts will bring the highest return on your investments.