Top 10 Questions to Ask a Business Plan Writer
A business plan writer can be an indispensable partner in your business’s growth journey. After all, behind every successful company is often a well-written business plan. Working with a business plan writer can be an excellent way to identify potential risks and create mitigation strategies while providing valuable market insights. The key is not only to “write” a plan on your behalf but to create a comprehensive and fundable business plan.
If you are considering hiring a third party’s services, here are some helpful questions to ask a business plan writer that will make your search process easier.
1. Who Is Going To Create My Business Plan?
When you are looking for someone to draft your business plan, you will probably find a business plan writing company. If that’s the case, you will likely speak with a project manager or salesperson overseeing your business plan writing procedure, not the person who will write the plan. Inquire details about the person or team working on your business plan and see if they tick all the boxes. Ask about their experiences, business background, and types of business plans they’ve written.
Other important information to know about your business plan writer is the language barrier and time zone difference, both of which can cause significant communication problems when working together. You will need someone who can quickly understand your needs and be compatible throughout the project. This is one of the most important questions to ask a business plan writer.
2. Will You Include Market Research And Current Industry Trends In My Business Plan?
Every business plan requires well-done market research, highlighting key information such as the market’s size, potential competitors, target audience, etc. It also gives you a clear idea of your business’s SWOT analysis. Thus, you can expect to find valuable data from this part of the plan.
Moreover, a good business plan writer must be up-to-date with the current market trends. They should understand the industry and have plenty of experience writing a plan around it.
3. Do You Have Any Endorsements Or Testimonials To Support Your Claims?
The writer you choose should have a high rate of client satisfaction. This can be measured through reviews, testimonials, or endorsements from other clients and industry experts. Go through their detailed history and past performance, and then decide whether they are fit to work for you.
4. How Many Revision Rounds Do You Offer?
The first version of a business plan will rarely be perfect. You will need to sit down with the writer and go through the plan in detail to see if you want to change certain points or sections. To create any issues later on, find out if your business plan writer will offer revisions and what kind of edits will be covered during the process. You will want to know how many rounds of revisions are available to you and what the entire process will be like. Since most business plan writers offer unlimited revisions, this is one of the most important questions to ask a business plan writer.
5. Do You Have Knowledge And Experience With Finance?
One of the main purposes of a business plan is to help you arrange funds when starting a business. Whether you are opening a home-based venture, a retail store, or a new factory, you will need all the financing you can get, and a business plan should help you achieve that.
For this reason, the writer you choose must have some knowledge and understanding of financing and how it works. You do not necessarily have to look for someone with a Master’s degree in finance, but they should have solid know-how in financing.
6. Which Format Will You Deliver The Business Plan In?
Knowing what delivery format the writer will use to write your business plan is crucial. An editable MS Word file, a formatted text document, a high-quality PDF file, or any other format? Will the plan be easy to share with other team members, business partners, and lenders? Can you choose which format you’d like your business plan to have? If the writer uses a PDF format that is difficult to edit, you will want to find out what the process will be like to ask for any changes.
While you are inquiring about the format, another important question is whether you can edit it after the business plan has been delivered. This is important since the business world is constantly evolving, so you need to ensure your plan’s format is adaptive.
7. How Much Will You Charge For Any Future Changes To The Business Plan?
Over time, you may need to change your lease location or provide an updated copy to an investor or lender. If you are unable to make edits to your business plan yourself, you will want to inquire about the price of any future changes.
8. Do You Offer Short-Term Or Long-Term Writing Services?
It is better to steer clear of writers who think a business plan is a one-time thing and can be discarded after a single use. That’s not how successful business planning works nowadays. For a business plan to be successful, you should analyze the results regularly, keep track of its progress, and make revisions often. To do these things effectively, you need somebody who will either hand the plan to you completely or be available later to review and revise any changes.
9. How Will You Communicate With My Team and Me?
You and your business plan writer will share plenty of information during the drafting process. Will you be doing that through phone calls, online meetings, emails, or by submitting forms? You will want to have this information beforehand so you can prepare better.
10. How long will the entire writing process take?
Lastly, you need to know how long the writer will take to create your business plan and make other arrangements. It is best to leave a little wiggle room for any unexpected changes, but having an idea of the required time will help you meet deadlines more efficiently. This is one of the most important questions to ask a business plan writer, because time is money!
Why hire a Business Plan Writer?
A good business plan is essential for helping a company achieve its goals since it lays out a written road map for its financial, operational, and marketing standpoints. When you hire a professional business plan writer, you can expect the following benefits:
Critical Skill Set
It takes more than just typing words for someone to create an effective business plan. Professional writers have a range of skills, including an extensive knowledge of the business and its operations and an understanding of different sales and marketing techniques.
Promptly Meet Deadlines
When an expert writer takes care of your business plan, they are committed to completing it on time. They cannot be distracted by the company’s day-to-day operations that are often faced by the business owners and their team members. At the same time, ensure that you give the writer enough time and all the necessary information to complete the plan successfully.
By spending less time creating your business plan, you can direct your efforts toward other business areas that require more attention.
The Business is Viewed Objectively
As a business owner, it is sometimes difficult to view your business objectively. However, when you hire a professional writer to create your business plan, they will do their best to learn about the company, review its existing plans, and help it figure out how to overcome obstacles.
A business plan writer has years of experience creating business plans for all companies. They will be able to shed light on a brand or company to help boost its sales faster than you might have imagined.
You Simply Don’t Want To
Not everyone is a great writer, so the pressure of creating something that a company will depend on for its success can be nerve-wracking. This fear can stem from many things: perhaps the subject is too complicated, you’ve had bad experiences in the past, you lack the appropriate skills needed to write a business plan, or other reasons. A professional business plan writer can take the worries off your shoulders in a time-efficient manner.
Focus on Other Areas of Your Business
As a startup company, you need to take care of plenty of things before creating a business plan. A professional writer can free up your time and energy so you can focus on other areas of your business that require prompt action, such as doing market research, filing paperwork, and creating marketing strategies.
Writing a stellar business plan is critical for businesses to secure funding and external investment. If you do not possess the skills to create your business plan, you can always hire a professional to do the job for you. Before choosing a business plan writer, be sure to do thorough research related to their experience, skills, and industry knowledge. Additionally, ask the questions mentioned above to make the hiring process hassle-free.
Looking to elevate your business to new heights? Look no further than Synvest Capital’s professional business plan writers. With years of experience and a successful track record, our team of experts can help turn your vision into a well-crafted, custom-tailored plan that can help you achieve your goals. Don’t settle for a generic plan or try to do it alone – trust the professionals to guide you every step of the way.
Contact us now to learn more about how we can help take your business to the next level.