Business Planning Service
The most important function of the plan is that it is your document, it clarifies and structures your ideas, formalises your financial plans and maps out how you will market and then manage the business. You develop the plan for yourself first, not for others; but of course it has many other uses such as being a requirement when seeking funding, or serving as a communication tool for informing stakeholders about your proposals. It is really important to understand that you should never develop your plan solely for others, do it for yourself because it will help you to maximise your potential for success.
Among the readers of your business plan will most probably be key employees, the board of directors and shareholders, selected business partners, and current or prospective lenders and investors. Which parts of your business plan should be distributed to which persons depends on its confidentiality and on the particular responsibility of the persons concerned. If you include in your business plan confidential strategic decisions or secrets, you should be restrictive in distributing copies of it. Give it only to persons who you are confident will not pass on information without your consent. In some cases, you may request the recipient to sign a confidentiality declaration. Some of the most important target readers may well be potential lenders or investors. If you are looking for outside financing to develop your business, there are many possible sources you can approach with your business plan.
Business plan will also help you communicate your idea, not only to financers, but also to employees, potential employees, suppliers, and customers. As a communication tool, a carefully developed plan will provide something that other people can react to. You can use their insights to help you develop a more successful venture.
A well-structured business plan should include the following:
- Business description: What do you plan to do; why are you starting the venture?
- Market analysis: Who will be your customers; what do they want from you?
- Competitor assessment: Who will you compete against; what do these competitors offer?
- Marketing plan: How will you reach your customers?
Business plan services
Most small businesses seek the expertise of a business plan writing service to help get their proposal ready for a bank or investor, or to get their ideas and financials organized for their own sake. While you probably don’t need a bottom-up “re-envisioning” of your business, you do want your financials to be scrutinized by experts.
A business plan will help you do the following;
- Help you structure your business
- Perform detailed risk analysis (if applicable)
- determine if a business valuation is needed
- If you have an estate plan that addresses your business, they can review it – if not, they can discuss possible buy-sell agreements and other estate planning considerations
- They can help you determine the level and types of disability coverage that you may need
- They can provide ways to protect and retain key employees and methods to help you attract and retain other good employees
- They can also set up exit strategies to transfer both ownership and management