Business Plan Writing
Professional Business Plan Writing for your Businesses Needs
When starting a new business, the importance of writing a business plan cannot be emphasized enough. A well-written, comprehensive, and insightful professional business plan helps build a growth roadmap. An impactful business plan does not leave anything to chance and covers every business aspect. A comprehensive business includes important information and insights that the business owner can refer to while creating an action plan for sustainable growth.
Many new business owners juggle multiple tasks. Entrepreneurs have much on their plate and often don’t have enough time to produce a business plan. Many business owners rely on an amateur for business plan preparation. Trusting an amateur for business plan development is a recipe for disaster. There is much at stake. An ineffective business plan can do more bad than good and will fail to provide a blueprint for entrepreneurial success. A sketchy business plan would do little to help you create an action plan to transform your vision into reality. You need to know the requirements for different business plan objectives.
Almost anyone can prepare a rough business plan, however, only a business plan writer with years of hands-on experience of writing actionable and insightful business plans for businesses from different industries can create a comprehensive document that analyses every factor impacting the business in detail.
First class business plan writing is an expert job. Before starting to work on a business plan development project, a business plan writer creates a strategic roadmap. The professional conducts in-depth research to learn everything there is to know about the business and the industry and the market in which it will operate. The writer defines the objective of the project and creates a company profile which covers the organization’s history, the business’s target market, and the resources that it owns.
After collecting important information related to the business and the industry in which it would be operating, the business plan writer documents all aspects of the business including cash flow, industry projections, and expenses to help investors get useful information at a glance. The final step involves making the business plan adaptable to the business’s target audience. If, for instance, the business’s target audience are bankers, the writer should include a balance sheet and cash-flow statement in the document.
When entering a new market about which they have no or very little information, many entrepreneurs prefer hiring local business plan writers who are well aware of how the local market operates and the factors that a new business must consider when entering it.
Constructing a business plan is an involved job. An expert business plan writer dons many hats. They must not only know the fundamental research principles and concepts like the back of their hand but should also be an expert listener. An experienced business plan writer is driven by curiosity and loves listening to brand stories. An adept business plan consultant has an eye for detail and does not let even minor errors fly under their radar.
To excel as a business plan writer, one should not only work on their research and other skills but should also work hard to develop their listening skills. An experienced business plan writer understands the importance of keeping a level head when things are not going their way.
At businessplan.org, we have a team of expert business plan writers that caters to businesses from diverse backgrounds and industries. Our business plan consultants know a thing or two about business plan preparation. Equipped with hands-on experience of writing structured, insightful, and comprehensive business plans, our experts deliver even when the odds are stacked against them.
Our business plan consultants are experts in every sense of the word. These subject matter experts have a deep understanding of how different markets and industries operate. Our business plan writers are expert researchers who have mastered the art of data collection and processing. These professionals are adept at turning data into actionable insights. Our experts hate leaving any room for confusion and ambiguity and back their recommendation and tips with data.
We work with self-driven, motivated professionals who do not need constant monitoring. Driven by the desire to excel, our business plan writers know what’s expected of them and do not shy away from pushing their limits to achieve project goals and objectives.
We firmly believe that there are no shortcuts to success. If a person says that they can deliver a business plan writing project in the blink of an eye, they either don’t know anything about business planning or is trying to fool you. When deciding the deadline for a particular project, we consider various factors such as the business’s requirements, the nature, and scope of the project, and the industry in which the business will be operating. Rest assured, once we provide you a deadline, our team will go the extra mile, if required to ensure the project is delivered on time and within budget.
Parts of a business plan
A comprehensive and insightful business plan covers several topics related to different aspects of the business. To help readers avoid confusion and present information in a structured manner, business plan writers divide business plans into different sections.
The first section of your business plan should be an executive summary. The executive summary should provide readers a taste of what’s to follow. The section must provide a concise overview of the business plan. An effective executive summary says more with fewer words and should be short and concise. When writing an business plan executive summary, the writer’s goal should be to draw readers and help them understand what they stand to gain by going through the plan.
Your executive summary must include your business’s name and location, your mission and vision statements, details related to your products/services, and the purpose of the plan. Though executive summary is the first section of a business plan, many writers write it last after working out the details of the plan.
Every investor you approach would want to know the structure of your business, how you operate, and your goals. To answer these questions, write a business description section that includes information related to your business.
Some important information to include in your business description section:
- A summary of your business goals (both long term and short term)
- Your plan for making profit
- Details related to your suppliers, customers, and products/services.
- A brief history and nature of your business.
- The story so far- A summary of your business’s growth journey and financial and market highlights.
Every stakeholder including creditors, suppliers, employees, and the community would want to know the type of products/ the nature and scope of services you offer. To answer reader questions include details related to your product/service (including product/service cost) and suppliers. Remember to mention the revenue you expect to generate from the sale of these products. Consider adding product pictures/diagrams.
The product/service section of a business plan usually includes:
- Product/service description and their benefits for customers.
- Copyright/patent details.
- Advantages that the product/service has over the product/service by competitors.
- Details related to the product’s/service’s life cycle.
- A description of current research and development activities.
Quality business plans include a market analysis section that includes information related to current market conditions and trends. An experienced business plan writer uses the section to present conclusions and projections based on their analysis of the market.
To help readers quickly locate the information they’re looking for, many business plan writers include a summary of the market analysis section. To generate interest and help readers consume highly number-driven information, many writers use visual aids such as charts and graphs. The language should be easy to understand. The writer must avoid using too many technical jargons.
The market analysis section of a business plan usually includes:
- Details related to the target audience including their age, income level, lifestyle preferences, and gender.
- Details pertaining to buyer motivations, the buying potential of the target audience and data related to the target market.
- Industry description and outlook. To support your assumptions, include statistics,
- A detailed analysis of the business’s competitors.
- Market test results
- Data related to lead time.
Strategy and implementation
To check the viability of your business plan, any investor/creditor you meet would want to take a look at your strategy and implementation section. The section must detail your sales and marketing strategy and how you intend to implement it with an operating plan. Often founder and even entrepreneurs need explicit business plan help to address all aspects of it.
The strategy and implementation section of a business plan must include:
- A detailed explanation of how you plan to promote your business and your action plan to enter the market.
- Details related to pricing, logistics, and promotions.
- Data related to operating hours and facilities.
- Your vision of how the company will function. Every step from raw material acquisition to service/product delivery should be explained in detail.
- Information related to sources of labor and number of employees.
Top brass (top management)
This section should explain the business’s organizational structure in detail. The section should include information pertaining to the business’s promoters, the board of directors, and management team.
This section of a business plan usually includes:
- An organizational chart that describes different departments and includes information related to key employees.
- Details related to the business owner including their names, their percentage of ownership, and the extent of their involvement. The section must also include a biography of owners detailing their experience and skills.
- Profiles of the management team members including their experience, positions, and key result areas.
- List of advisors including accountants, attorneys, and board members.
Financial plan and projections
Any investor won’t just invest in your business because you have a great idea. Further more you have to create a specific business plan for investors. To assure your investors and other stakeholders that you got everything covered, you need to back your business idea with solid numbers. The financial plan and projections section of a business plan includes financial data related to the business. It must be written in a way to help readers get useful information at a glance.
When writing this section, the business plan writer must consult a financial consultant/accountant adept at crunching numbers. The professional must help the writer calculate different ratios and understand how a rise or dip in a particular ratio might impact the business. The writer must start working on the section after writing the market analysis section.
Some important things to include in this section are:
- Historical financial data (in case of an established business) including cash flow statements, balance sheets, and income statements for the last 3-5 years.
- A ratio and trend analysis for financial statements.
- Realistic projections including forecasted income statements, capital expenditure budgets, and cash flow statements for the next 3-5 years.
Writing a business plan is an involved task. To write an impactful business plan, the writer has to juggle multiple tasks and should be laser-focused. Already feeling overwhelmed? You don’t have to when we at Businessplan.org are here to help. Nothing excites us more than helping new businesses excel. To discuss your project, talk to our experts: