'How to write a great business plan?'
Honestly speaking, it is one of most asked questions I've been asked on platforms looking for business plans writers for hire.
First thing first: good business plans help you run your company with efficiency while a great business plan ensures its sustainability.
There's a wide variety of business plan formats available on the internet that work just fine. However, picking a business plan format that works for your special needs or your client's business is a tough nut to crack.
In this post, I'll guide you through every step and tell you how to do that.
Let's begin!
Stepwise Guide to Write an Influential Business Plan
My
guide serves both the writers and companies looking for business plan
writers for hire.
Step 1: Add the executive
summary
It
might not seem important to you as a business, but your reader wants to know
about your company. An influential business plan should include executive
summary telling what makes it unique and why it will be successful.
I'm
leaving a few pointers for you follow:
- Mission statement
- Product description
- Leadership brief
- Introduction to your team
Step 2: Write company's description
You,
or the business plan writer you have just hired, can take this area to provide
detailed information about the company.
Be
specific but also provide the brief of issues that are solved because your
business exists. As such, add a list of consumers that are benefitting from
your services or products. Give details of organizations your company already
serves (or is planning to serve).
Step 3: Present market
analysis
Competitive
research, also known as market analysis, shows a roadmap of what your
competitors are doing and how you plan to outdo them in the future.
The
best way to present market analysis is to add the strengths of your competitors
as well as trends.
Step 4: Brief about
management
Successful
business plan writers always provide a brief introduction of the management and
organization's funnel.
- How does you company manage day to day tasks
- What are your resources
- What tools are you using
- How do you measure growth
- Who is accountable for what
These
are some of the areas that you should look into and try to answer them in your
business roadmap.
Step 5: Showcase the services
or products
Too
important to miss. The products and services are the soul of every business —
never ever write a business plan without mentioning it. Give it a separate
space, take great time in drafting, and come up with something that
inspires.
Step 6: Project your
finances
This
step is for businesses that are already up and running. If your company is
established, here are few things you should add to project your finances:
- income statements
- balance sheets
- cash flow statements
This data should be at least two years old. It helps you show that your plan is successful and helping other industries and consumers. It builds a trusting relationship between the investor and the company.
also read: 5 Reasons that Shows the Importance of Montessori Education for Children
Step 7: Explain why
funding is required
Remember
why you're writing this business roadmap in the first place — you're trying to
get funding for your company.
Clearly
outline your funding requirements without leaving any loophole. Be open to
questions but leave no gap for any.
Explain
as best as you can. Be bold about how much funding your business requires and
how you're planning to utilize it in the next few years.
Bottom line: if you don't feel comfortable writing your own business plan. You can find someone who knows how to do it. Just type 'business writers for hire' in the search bar and you'll have several experts who are ready to take this challenge for you.