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Achieve your business goals with our custom-crafted plans. Quick turnaround, detailed analysis, and investor-focused documentation. We ensure your business plan reflects your ambition and potential.
- In-Depth Market Analysis
- Quick Plan Turnaround
- Investor-Focused Documents
- Endless Plan Revisions
Choosing Quality Over Cookie-Cutter Business Plans
Many companies offer business plan documentation services for funding purposes, however, they are not all equal.
Some companies offer “Cookie-Cutter” business plans, which are essentially templates with your information included. While this may look acceptable to clients; banks and venture capital firms will not pay much attention to business plans that have the same information contained in previous client submissions. We highly advise against working with do-it-yourself templates, or companies that do not provide custom research.
You will also find other companies claiming to offer business plans written by “MBA graduates” or “Ex-Fortune 500 executives”, with pricing from $1500-$15,000. Be wary of businesses that charge amounts this high or claim to be something they are not.
Keep in mind the following:
- Your business plan should take no more than three business days for initial and subsequent drafts. It takes less than 30 minutes to find and purchase recent market and industrial data, and two days to compile a properly structured market and industrial analysis. A CPA can typically complete full pro forma financial projections in less than a single business day. These variables alone combine for over 70% of your business plan, so why are some companies quoting weeks on their turnaround?
- You should be allowed unlimited changes, additions, or corrections to your business plan until you are satisfied that the documentation accurately reflects your company's vision and projections.
- Ask for sample business plans. This will give you an idea of what your documents will look like.
- Keep an eye out for pro-forma financial data and projections, which should be at least 15 pages of your business plan.
- The overall business plan should be no less than 28 pages, and no more than 40 pages. Anything smaller is missing information, anything larger is simply too voluminous and oftentimes wordy for Venture Capital firms, Banks, and the SBA to properly read through.
Why you need a business plan:
A business plan is a crucial document for any entrepreneur or business owner, as it serves several important purposes. Here are some reasons why having a business plan is essential:
Guides Decision-Making:
A well-crafted business plan helps guide your decision-making process. It outlines your business goals, strategies, and the steps you need to take to achieve them. This guidance can be invaluable, especially in the early stages of your business.
Defines Your Business Concept:
A business plan forces you to articulate your business concept clearly. It requires you to think through your product or service, target market, value proposition, and competitive landscape. This clarity is crucial for both you and potential stakeholders.
Attracts Funding:
If you're seeking funding from investors, lenders, or other sources, a business plan is typically a prerequisite. Investors want to understand your business model, financial projections, and growth strategy. A well-prepared business plan increases your chances of securing financing.
Immigration Purposes:
If you are seeking an E-2, L-1A, EB-5, or EB-2 NIW visa; our immigration business plans will assist you in going through the investment visa process with a rock solid business plan that will stand up to scrutiny.
Serves as a Roadmap:
A business plan acts as a roadmap for your business. It helps you set goals, allocate resources, and track your progress over time. By regularly reviewing and updating your plan, you can stay focused on your objectives.
Facilitates Communication:
Your business plan is a communication tool. It enables you to convey your business concept, goals, and strategies to potential partners, employees, suppliers, and other stakeholders. Clear communication is essential for building trust and collaboration.
Identifies Strengths and Weaknesses:
Through the process of creating a business plan, you'll conduct a thorough analysis of your business idea. This analysis helps you identify strengths and weaknesses, allowing you to make informed decisions to capitalize on opportunities and address challenges.
Manages Risks:
By anticipating potential challenges and risks in your business plan, you can develop strategies to mitigate them. This proactive approach to risk management is crucial for the long-term sustainability of your business.
Aids in Marketing and Sales:
Your business plan should outline your marketing and sales strategies. This information helps you understand how to reach and attract customers. It's also useful for training sales teams and ensuring everyone is aligned with your business objectives.
Supports Business Expansion:
If you plan to expand your business, a well-documented business plan is essential. It helps you evaluate new opportunities, secure additional funding, and communicate your growth strategy to stakeholders.
Benchmarking and Performance Monitoring:
A business plan includes key performance indicators (KPIs) and metrics that allow you to measure your business's performance. Regularly reviewing these metrics helps you assess whether you're on track to meet your goals.
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Ready to turn your business idea into a reality? Connect with our expert team at Business Plans Today and get a tailor-made, investor-ready business plan.
- In-Depth Market Analysis
- Quick Plan Turnaround
- Investor-Focused Documents