Hiring a Business Plan Writer? Key Considerations

Hiring a business plan writer is a professional process that requires one to consider key factors. A business plan writer specializes in crafting a business plan which is a document that serves as a blueprint for a business. A business plan writer is proficient in market analysis, competitive advantages and has in-depth knowledge in financial forecasting and modeling.

A professional business plan writer works under a business plan writing company that values professionalism. As experts, business plan writers are guided by specific conditions which you must bring to the table during engagement. Ensure you provide a comprehensive brief about your business including target audience, products, services and unique selling points.

1.    Have a business proposal

A business proposal is a document that helps a business get clients and partners by describing the products and services that a business offers and how they can satisfy a client’s needs. A business proposal aims at attracting customers with what a business sells.

A business proposal is important in business planning because it enables you to pitch to potential customers and illustrates your value by telling them effectively why they should choose your business over your competitors. A business proposal is key to a business plan writing service provider for hire as it presents a tailored solution to a certain business problem. A business plan writer should interpret a business proposal appropriately. 

2.    Share a vision for your business

It is essential to have a clear understanding of your company’s goals. Defining your goals enables you to effectively communicate your vision to a person who writes business plans. Well defined goals allow you to monitor growth and measure success once the business is up and running.

Clear business goals and objectives are important as they will guide your business plan format and content. The business plan writing service provider will then be able to come up with a compelling vision statement. An inspiring yet achievable vision statement directs the strategy of your business and motivates your team.

3.    Indicate the time and money invested in your business

Working with a business plan writer means that you relay what you envision and then it is expounded on. However, a business plan is not just about your team, competitors or suppliers but also about you. Do not forget to account for your time, money and commitment that you have invested towards starting your business. Money invested in your company could be from a bank loan or personal savings.

It is imperative to talk about the time and money that you have put into your business because your business plan will be reviewed by someone who wants to know that you have invested in your business. The more a potential client relates to your investment, the more they get inspired to get involved.

4.    Indicate the people involved in your business

A business is only as good as the people who run it. Investors, partners and lenders want to know the qualifications and expertise of the people involved in your business. Your business plan maker would want to know those involved too so that they include your team’s accomplishments and background in your business plan.

Hiring a business plan writer helps you communicate why your team is the best for your business and show you if there exist other roles you can create and fill. Key stakeholders would also want to know how you hire, who is in your management team and your strategic partners.

5.    Understand your current business status

Business status refers to its financial health, operational efficiency, performance of the market and legal structure. Whether you are a start up or growing business, a business plan maker will have questions about your figures such as revenue projections for the next quarters.

Your business plan writer will help you articulate and demonstrate your numbers in the right way if only you discuss your current finances in the best way. Together with your planner you can collaborate on forecasts that are realistic by using public data and external benchmarks.

6.    Be aware of your industry

Knowledge of industry includes industry trends, market dynamics, competition and growth opportunities. A potential investor will want to see that you understand both the good and bad of your competitors. You put your company in a better light, when you and your business plan expert can communicate what similar businesses can do better and where they are at.

Your business plan specialist should be informed on the challenges and trends in your industry so as to enable them to offer strategic recommendations on how to differentiate your business from competitors. Hire someone who is aware of the competitive landscape and is mindful on its impact on your operations and plans.

7.    Collaborate with the business plan writer

Through constant collaboration, a business plan consultant can create the best business plan for your business. This means that you and your business plan writer work as partners to help you lay the foundation of a business plan that is able to guide your business.

The more you collaborate with your business plan expert, the better they can develop the right plan for you to evolve your operations and help you secure the required funds to make your vision a reality. In addition, your business plan writer needs to be a team player so as to listen to ideas from other partners.

8.    Provide necessary resources

There are different types of resources that a business plan creator will require and you need to budget for them accordingly.  A business plan writer will need personnel, physical assets and technical resources to facilitate them in crafting a suitable business plan.

For physical assets, you can provide computers, office space, office furniture and other necessary equipment. For personnel, your business plan writer may need an advisor or even connection of suppliers. For technical resources, you can provide a strong network to facilitate online research.

What is the cost of hiring a business plan writer

 The cost of hiring a business plan writer ranges between $2,000 and $25,000. The cost largely depends on the complexity, length and required quality of your business plan. Seek business plan writing services that are affordable but be sure to research widely to get one that fits your needs.

Other factors that may impact business plan pricing include company size, turnaround time and need for additional services like pitch deck editing. You can request for a free business consultation from a business plan consultancy to gauge their expertise.

Are business plan writers affordable?

Yes. Business plan writers are affordable. Uplifts.com is the most affordable business plan writing company. Despite being affordable, the company does not compromise on quality and efficiency. Its price covers the research and analysis work in a business plan.

How long does writing a business plan take?

Business plan writing is usually a time-consuming process. Writing a business plan takes 5-10 days depending on your urgency. Several factors come to play when it comes to the time taken. Key among them is budget. Ensure you identify the cost of each activity for planning purposes.