Why Your Competition is Writing Their SBA Business Plan in Miami

Do you need an SBA Business Plan?  There are a nearly infinite number of resources on writing business plans as well as business plan writers in the world.  However, there are many advantages to writing your plan locally.  Whether you are based in Miami, or your business will be in Miami, or both, these are some of the reasons why your competition completed their business plan in Miami.

You are Based in Miami

Regardless where your business will be located, if you are based in Miami, it is helpful to go local.

Local Lenders

If you are from Miami, you or your Business Plan Writer are likely to have existing relationships with local SBA lenders.  You will also be privy to their local reputation and know the ones that are known for being fair and genuinely caring about their clients.  While rates and terms are controlled to an extent by the SBA, some lenders are easier to work with than others, so it’s important to make sure you get in with a good one.

In Person Advantage

If you choose to hire a business plan writer, doing your SBA business plan in Miami is definitely the way to go!  It is much easier to convey your SBA business plan concept to a Business Plan writer in person, it can also bring a sense of comfort and security.   They can feel your passion and likely get a deeper understanding of your overall plan and vision this way.  It also makes it easier to choose the best writer.  You may be able to talk to real people that have used various firms and get local recommendations.  While online reviews are helpful, there is no testament nearly as reliable as one you hear with your own ears.

Your Business will Be in Miami

If you are not from the Miami area, you will likely use your SBA business plan to receive funds from a lender where you are located.  However, in these circumstances, it may be even more important to have your plan written where you plan to do business.

Knowing the Market

Especially when you are not from the area, having an insider working on your Miami-based business plan that truly knows the market can make a big difference.  Not only will you get more relevant Market Research, they will also be able to give advice on your marketing.   They know how to appeal to people in Miami because they are from there themselves and know the people.  The importance of this local insight into your business plan cannot be measured.

Network & Connections

When you are not from the area, it is important to make connection with the pertinent players in the business landscape of a given area.    Showing how you plan on leveraging the local community, business leaders, etc. only serves to strengthen your SBA business plan.   It demonstrates to the SBA as well as your potential lender how serious you are about your business’s success.  Factors like this give your business plan for Miami an edge that others just won’t have.

There is a reason your competition is strong.   Choosing to write their SBA Business Plan in Miami is one way they have demonstrated their keen business sense and gained an edge.   Following suit can increase your chances of success and allow you to enjoy some of the same advantages as well.