If you own a company or plan on founding one, it is crucial to have a vision. Vision is something you want your business to look like in the near future. To achieve any goal, one needs to build certain steps towards it, have a sure-fire strategy, and possess an unquenchable motivation.
Vision can be likened to a route map – basically, you can travel without it, see the landscapes out of your window, even enjoy the ride. Yet, without it, there is a strong probability that you will go running off into the blue, with no way out or ability to re-start the journey.
This metaphor could be a subject of controversy, as some of you might say – okay, but the steps in the business plan aren’t always as exact as the road you’re traveling. Well, maybe, yes. And maybe no.
What to Start Writing Your Business Plan With
As obvious as it may sound, writing a business route should begin with choosing a person in charge. Some companies simply choose then out of their employees with no previous teaching. Some rely on the widespread tools (which are not bad, by the way), like:
- ‘Writing a Business Plan’ by Vaughan Evans;
- ‘How to Write a Business Plan’ by Brian Finch.
Others invest in the tried and true plan-building software, like Palo Alto Business Plan Pro, which really helps in creating business models. To get precise about the vision or another business goal, go to Alison – the trusted service offering business literacy courses by giants like Microsoft and Google.
But when it comes to creating the first business plan ever, we recommend that you should turn to a professional. This employee should be well aware of the firm’s aims, background, the director’s vision, and the interested audience. The extent of prosperity, to a great extent, depends upon this very person, so be assertive about it. Life shows that it is crucial to trust this task to a real pro, instead of having millions of tries and fails at the amateur level. Below we will give the reasons why hiring an advanced writer would be a better option.
Reasons to Hire a Reliable Business Plan Writer and Why it is Worth it
- Reason #1. To set the right goals and objectives. While the owner himself might be a highly motivated person with a burning passion for his startup, he most likely needs an advisor beside him who will play the role of ‘the brains’ beside ‘the heart.’
- Reason #2. To learn from this person’s real-life experience. It is not even about analytical thinking – it is about what this person has been through, what he has learned, his abilities of intentional planning, and creating a vision that will last. It goes without saying that the vision should be worked out by collectively, but, being a newbie in business, you ultimately need a person who will set you in the right direction!
- Reason #3. To see your business from a broader perspective. In the world of startups, nothing and nobody is isolated. It is of paramount importance to have a forward-looking worker, who knows all the ins and outs of the business world, such as interconnections between the market and the company, demands of the consumers, a strategy of healthy competition (and strategies to avoid unhealthy one), potential threats, and so on.
- Reason #4. To eliminate risks. Promoting your newly created startup has always been hazardous. The person who will write your business plan will consider possible pitfalls, devise how to manage the shortcomings, and think about all the risky factors three steps ahead.
- Reason #5. To have a staff member totally focused on the task. If this person you hired is responsible purely for writing an effective business plan, he or she will be more devoted to the task than other employees who would think of 7 more things to do and therefore miss out on important points in creating a plan that will work.
- Reason #6. To secure savings and investments. For a person writing the business plan, it is a must-have to be financially educated to decide whether you will take out loans from the bank, which interest rate your team will choose, how to manage revenues, etc. With a good business plan, your trade will not only cover operating costs but also make a significant profit.
- Reason #7. To monitor how the business is doing at different stages. As your trade will develop, you will need to illustrate growth and show the real results, connected to the firm’s goals. Here a business plan will be a great tool for the company as a team.
- Reason #8. To attract investors’ attention. Naturally, investors, seeking to put their money into something worthwhile, will demand a well-shaped plan with clear objectives, exit strategy, and operational details. They will need to be ensured that the course you are going to is serious; only then they will approve it and become your partners.
- Reason #9. It will be your guide in the right decision making. This part concerns everything – from defending your intellectual property rights, embedding marketing strategies, to getting insurances. Nowadays, when everything went digital, you ought to be extra careful and rely on the best IT managers in your team who will back you up.
- Reason #10. To have the business plan written well. It is difficult to disagree that the way you formulate your goals will determine how effectively you reach them. Not only investors but the whole team will also benefit from the company’s correctly shaped statements and outcomes.