Uploaded on Jul 29, 2019
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.
Write Your Own Business Plan? Or Get it Professionally Written?
WRITE YOUR OWN BUSINESS PLAN? OR GET IT PROFESSIONALLY WRITTEN? THERE ARE DEFINITELY SOME CASES WHERE WRITING A BUSINESS PLAN YOURSELF IS PREFERABLE AND OTHERS WHERE AN EXPERT THIRD PARTY MAY ADD VALUE TO THE PROCESS Writing your business plan yForo mui c rro sbuseinelsfses raising smal l amoun ts of inves tment (say under £50 ,000 ) th is is l ikely t o be t he best approach . Apar t f r o m any th ing else i t doesn ' t m a k e sense spend ing 10% or 15% of t he funds you are t ry ing to raise on ge t t i ng someone to he lp you wr i te a plan! Most h igh street banks offer on - l ine appl icat ions or sof tware temp la tes to he lp you. Just beware t ha t you may have to repeat t he app l i ca t ion process several t imes in d i f ferent f o rma t if you don ' t have a s tand - alone business plan . When selecting business plan writing services there are a few good guidelines worth following: Commercial Experience Track Record Pricing Ownership Funding Commercia l TEhe xabipl i ty et o rwrii tee wne l lc is neo t e n ou g h to m a k e your p lan investable - th is is n o t s imply a copy w r i t i ng exercise. If you are go ing to secure funds you need to cons t ruc t a business case t h a t in tegrates al l c o mm e rc i a l aspects of your business. So, be sure t h a t t he peop le w r i t i ng your p lan have several years of senior c o m me rc i a l exper ience - t he broader t he better . This c o mm e rc i a l exper ience shou ld i nc lude b u d g e t i n g or forecast ing - your f inancials are a cr i t ical par t of your plan.. Pricing Services range f r o m a round £2 ,000 for smal l start -ups upwards to £15,000 for larger corpora te plans. As w i t h m o s t things , you ge t w h a t you pay for an d the pr ice general ly ref lects t he comp lex i t y of t he business mode l . Make sure you ask for a speci f ic proposal t h a t out l ines exact ly w h a t you are go ing to ge t for your money , t he t imesca le a n d price . Consider "virtual services" ra ther t h an "face- to- face" consul tants t o reduce your costs b u t n o t t he qua l i ty of work . Ownership one po ten t ia l d isadvantages of hav ing a p lan w r i t t en for you are t h a t you w i l l n o t "own" t he business p lan a n d be to ta l ly fami l iar w i t h it. So, ensure t h a t you are ful ly involved in t he process a n d t h a t there is t i m e schedu led for you to review a n d discuss the f inancia l forecast an d w r i t t en p lan w i t h whoever is w r i t i ng the p lan for you. Fundin Hgave plans t ha t they have created secured fund ing? Whi ls t f u n d i ng depends on a w i d e variety of factors a n d n o t just t he qual i ty of t he business p lan (state of t he market , avai labi l i ty of capi tal , produc t , service, proposi t ion , m a n a g e m e n t t e a m etc.) any special ist service shou ld be able to q u o t e a few examples where the i r p lans have he lped to secure funds . Track MR a ne y bc u os i nr ed s s p l a n a r e c o n f i d e n s o d o sn o t e x p e c t t o t i a l s e e m a n y e x a m p l e s .H o w e v e r , c o m p s h o u l d b e aa nb il ee st o p r o v i d e w r i t t e na n d a t t r i b u t a b l e t e s t i m o n i a l s f r o m c l i e n t s . For m o s t peop le w h o d o n o t possess exper ience of w r i t i ng business plans you m a y improve your chances of secur ing f u n d i ng by engag ing a special ist w r i t i ng service to he lp you create a plan . However , m a k e sure you are ful ly involved in t he process - you need to o w n the p lan at t he e n d of t he day a nd k n o w i t ins ide ou t a n d backwards - your fu tu re is in your hands n o t theirs! LET'S TALK! PHONE +1 (800) 409-4044 EMAIL [email protected] OFFICE ADDRESS 10880 Wilshire Blvd Suite 1101, Los Angeles, CA
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