A Few Important Reasons to Get You Thinking about Hiring a Business Plan Consulting Provider
If you think that a business plan is dead, think again!
For many, including new entrepreneurs and business moguls, business plan is just another piece of paper required to fill the holes created by bank loan officers and VCs. Even bootstrappers rarely feel the need to get one, and so the whole concept of a business plan really feels outmoded in these times. However, even ignoring the fact that it is one of the key documents that can win you over heavy investment, it is a valuable internal tool!
There is a reason business plan consulting providers are in the market, and the reason is to help you overcome the exhaustive part of being an entrepreneurs, i.e. going into details. Business plan consultants can help you draft a business plan that will act as a roadmap for even the earliest stages of your business. This is to say even if you give them minimal input and expect Business-plan-of-the-Year award. It can help you foster alignment, set a tone for business that will help you overcome the initial hurdles and can even help you with crafting your brand message.
The answer to the question, “Is there any one good reason to draw up a business plan if I am not seeking any bank loan or a venture capital firm?” – There are plenty!
Here is what some of the comments of the members of the Young Entrepreneur Council (YEC) mentioned:
- It offers CLARITY
“Writing a business plan or putting together an investor deck allows you to think more clearly about what you’re doing and where you are going.” – Paige Brown of BookingMarkets
- You become ORGANIZED
“The biggest reason to write out a business plan regardless of any financing option concerns is that it can help you stay organized and remain on track. Businesses without a plan can easily get off-target, and revenues will suffer as a result. Creating a plan with expense projections, revenue forecasts, and more can help a small business remain committed to its long-term goals.” – Andrew Schrage of Money Crashers Personal Finance
- You build DEEP UNDERSTANDING of market
“I credit my business plan for helping me understand a brand-new industry in an extremely deep way before actually entering it, and for forcing me to deeply examine how we would fit into the market and what TalentEgg’s probability of success was. As a “risk averse” entrepreneur, it was critical. ” – Lauren Friese of TalentEgg Inc.
You can read more about the importance of a business plan and what else some of the youngest and most promising entrepreneurs of YEC had to say here: www.smallbiztrends.com/2013/01/10-reasons-write-business-plan.
Business plan consulting providers can help you understand your objective more clearly, cut your costs, do the unpleasant tasks, help identify the roots of problems, help think out of the box, enable changes and optimize your business. There are a lot more advantages if your start thinking about it.
You can visit www.businessplanwriters.co.uk for more information or book a consultation with them. They are one of the oldest and most experienced business plan consulting providers in the UK and USA, who can help you draft a solid business plan that will work in your favor.