Maybe you are jumping into the world of business ownership but you have no clue how or where to start. You have made the decision to open your business but from there you are lost. Perhaps you really only know your specific business and are not sure how perform market research, create projected financials, etc. A business plan consultant could be a great asset. Get the most bang for your buck.
First Thing’s First: What is a Business Plan
If you are truly new to the world of starting your own business, you may be asking yourself this question. If so, it is likely a business plan consultant is in your future. Before you hire one though, you really need to know exactly what a business plan is. A business plan is a written document, usually in a format that is pretty standard to the small business world. It describes, in detail, your plan for the business. It includes a narrative about the business, market research, information on location and nearby competitors, who the audience will be, a startup budget, and projected financial information just to name a few.
Now You Know
Now that you know what a business plan is, you are probably thinking to yourself “Yep, I definitely need someone to help with that.” This is where a business plan consultant comes in. He or she can help you compile your narrative, get the research done, determine your budget, and compile the presentation in a way that will be certain to wow the lenders and potential investors.
Remember on the front end that this is your business. The consultant is there to “consult.” They should not be allowed to change basic blocks that build your passion. Also, they may charge by the hour. This is where the balance between using them and using what you know can get tricky, especially if you are on a budget. If you know anything use it, but also be certain to follow any direction given and provide all information asked for to avoid redoing a lot of work.
Once you have you’re your business plan, Biz2Credit is here to help you find just the right lender. Our network of lending institutions is full of traditional banks, and an institutional lending platform that can help match you with the financing options you need. Visit Biz2Credit.com today for more information.