What Professional Business Plan Writers Want You to Know Before Hiring Them

Business plan writers, although very skilled in business, are not consultants. If they are, they offer that as a separate or additional service. If you want to get the most out of your business plan, these are the things that a Professional Business Pan writer will expect you to have figured out when you approach them.

Know the Basics

Business plan writers will usually start the process of writing your business plan by sending you a detailed questionnaire to complete. The purpose of this is to get the basic details they will need to successfully write your plan. It will also challenge you to consider all the fundamental aspects of your plan.

As the business plan writers review your responses and begin to work on your plan, they will make a list of follow up questions. If you cannot complete the questionnaire with some level of detail, you are not ready to have professional Business Plan Writers work on your plan.

Have Team Members Lined Up

You and your business are only as strong as your team. Especially if your reason for writing a business plan is to appeal to outside funders, you need to show you have a team that is capable of being successful. This means having key members with a wide set of skills and experience. You should not venture to create a formal, professional business plan until your team has been lined up.

Do Your Market Research

Professional business plan writers will naturally expand on Market Research information. They often have access to databases of consumer insights and the like. It is also in their best interest to do some of their own market research to ensure your business plan is as strong as possible. However, if you have not done basic research into the industry or covered other vital aspects like identifying main competitors, defining your target market or considered pricing, business plan writers will often charge extra for this or may refuse to do your plan until this information is provided.

Have Detailed Financial Assumptions

One of the top reasons people hire professional business plan writers is because they are unsure of how to approach or create formal Financial Projections. There are two main pieces of information they will need to work these out in an accurate fashion. The first is all the expenses you expect to incur in the first year. You need to think about everything from trash cans and printer paper to the salaries/benefit costs of your staff and major equipment purchases. You should also know how much you plan to charge and have sales targets in mind. If you have these two pieces of information, professional business plan writers will usually be able to work out the rest.

If you only have a half-baked business idea, there are some professional business plan writers that will still take the job and will work to tease the missing information out of you. Others, however, will not begin a project without you being able to satisfactorily express the main aspects of your business. It is also in your best interest to have these things worked out before considering business plan writers. Quality, professional Business Plan writers can be expensive. You will only truly get the best result if your business concept is well considered prior to hiring them.