Business Plan
Writing a business plan is a mission that a company needs to complete at least once in its lifetime. It’s something normally done when the company first starts out and again when a major business development is being planned. If the move is going to involve a bank loan or an investor, a written business plan is a must.
Writing a Business Plan – Headache or Essential Control?
Many people see writing a business plan as a headache. They are all too frequently requested to produce a business plan as a preliminary stage to making an application for a loan or investment. It can be a demanding task, requiring resources in collecting and organization the information to be included, verifying figures and coordinating with different people, some of whom may be outside of the organization.
But the demand to prepare a business plan isn’t just a needless task set down by the investor to make life difficult. It is in fact an excellent tool for you to verify the feasibility of your ideas. The thought you need to put in to complete the required paragraphs of the plan can easily show up weakness in the way you had intended to see your plan through.
When the time comes to write your business plan, you will start to consider different ways to do it. You clearly want to present your idea in the best way possible but at the same time, you’ll want to do it as efficiently as you can.
Commonly-Asked Questions about Writing Business Plans
Once you start looking into the options of how to write a business plan, a number of considerations are likely to come up, such as:
- Should we take a company that specializes in preparing business plans, such as a financial consultant or business advisor?
- We have our own financial manager. Why not use the resources we already have?
- Can we download a business plan format from the internet?
- Our biggest problem is preparing the business plan in high quality English.
- It’s not that we can’t do it ourselves, it’s just that we’re overburdened with other activities.
- And, of course, there’s the issue of cost/performance, or rather cost against value received.
Writing a Business Plan in English
For companies from non-English speaking countries, the task is made harder when the business plan has to be in English. This is common when looking for international investors and often is the norm in the high-tech world, even when the investor is sought locally.
How Much Does is Cost to Write a Business Plan?
There’s no straight answer to that because the needs and scope vary enormously. It could literally be anything from $1,500 to tens of thousands. Writing a business plan requires a combination of skills including:
- Preparation of cash flow and other financial tables.
- A summary of the business idea and how it’s going to proceed.
- Marketing writing.
- Arrangement and editing.
Some companies even offer a service that includes financial and business consultancy and even accompany the customer through the stages of business development.
Highwrite offers companies a value for money service of business plan writing. We give you a framework in which we work together with you to build your plan. You pay only for the skills you don’t have. The result is a professional and polished business plan at a logical cost.
For a proposal or more information, contact us today.
