A business plan consultant can be useful, particularly in the early stages of starting your own business. They can help ensure your plan meets the standards expected by lenders, and they can guide you in the research necessary to complete your plan in a manner that will make it more likely you will land the financing you need to get your business up and running. However, blindly using a consultant can be dangerous. Keep these things in mind.
They Are Only There to “Consult”
You still have the final say. Of course, if you are going to pay someone for their expertise you want to use that expertise, but do not forget that when it comes to your business, and your plan for your business, you are in control. If you have a major difference of opinion on something other than formatting and language, use that control.
You Are the One that Has to Work the Plan
You must execute the plan in order to run your business. No one else will do it for you. If you see it moving in a direction that you are uncomfortable with, it is still your responsibility to speak up. A business plan consultant only knows what you tell them. They may be working under an assumption that is not true, or they may simply being trying to give you their best advice. Use their wisdom, but always with the knowledge that you are the one that will have to carry this out 5 and 10 years down the road when the consultant is long gone.
This is YOUR Plan
Not theirs. You are paying them to care, but they are not going to have the same passion as you. They care about your happiness in order to get paid, you care about your business because may indeed be your life’s work. That means the two of you are going to approach it from different sides. The fact that the consultant can be somewhat unbiased and objective is part of what makes using one a wise move. It definitely helps to have input from that point of view. Use it, but never forget in the end this is your plan and your business. It is more than a means to get financing. It is an actually plan for running and growing your company, and you are responsible for it.
One you have your plan written, whether you use a consultant or not, Biz2Credit can help you with the next step. Our network of over 1,300 institutions has lenders with a broad range of financing products looking for various types of borrowers. We can help make certain you find just what you need to get started. Visit Biz2Credit.com today to get started.