How to start a business plan writing service

Do you want to learn how to start a business plan writing service from home? Then I advice you read on.

How to start a business plan writing service

Online privacy policy Financing the Business Every business needs finance no matter the scale you plan to start the business on. When starting your business plan writing service business on a small scale, you can get your finance from your personal savings or you can source small loans from your family members and close friends.

But if you want to start on a large scale by leasing or renting an office and hiring business plan writers, then you may contact your bank for a loan, you can sell your shares, you can get in how to start a business plan writing service with angel investors, or you can make use of your retirement benefits.

Before doing all these, note that you need to draw up a business plan for your business because it would make people and businesses listen to you faster.

You can always call them on phone to make the necessary inquiries or you can hold video conferences with them. Again, most business plan writing services operate online, so if you want to join the flow and also operate your business solely online, then you may not require an external location.

You only need to carve out a comfortable work space in your home, and then you launch a befitting website that you can use to reach out to your clients.

how to start a business plan writing service

But if you want to start the business on a large scale, then you need to rent or lease an office space. When renting or leasing an office space, you should ensure that the office is located in the business hotspot of your state or community.

This requirement is very necessary because you need other businesses to survive. Entrepreneurs would hire your services easily if they know you are close by and within reach. If your business location is very far from your target market, then you are bound to spend more money on logistics such as transportation, and your employees may find it difficult to access the location.

If your budget cannot cover leasing or renting of an office space, you can equally go for a shared office space. Starting a Business Plan Writing Service — Technical and Manpower Details A business plan writing service business is a service based business, so you do not need any complicated equipment.

You would only require a laptop, internet connection, a phone, a good business plan writing app or software, office furniture like tables, chairs and shelves for stacking papers and documents etc.

Because all these equipment are basic office requirements, they can all be gotten as fairly used. To ensure that you run a tight ship in your business plan writing service business, you would require the services of a chief executive officer you can occupy this role since you are the business owner.

You would also need business plan writers, a marketer, an accountant, front desk officer and a cleaner. In essence, you would need about seven employees to run a medium to large scale business plan writing service business.

When hiring staff for your business plan writing service, ensure you hire thorough, dedicated and very talented writers for your business so that they can satisfy your clients. You have to, as a method of precaution, check out the qualifications of your intended writers and follow up on all the businesses they have written business plans for in the past to see how they are doing.

The Service Delivery Process of a Business Plan Writing Service The services to be delivered in a business plan writing business is to write business plans for startups and already established businesses that need a change in business direction.

The first step to take here is to set up your office and acquire the required software and apps, then you can now set out to get clients through your various marketing strategies. After you get your clients, you would agree on the type of business plan to write and the remuneration that would be paid at the end of the service.

It is also very necessary to sign some legal documents before commencing the work in case of default. Once an agreement has been reached and the necessary documents have been signed, you then go ahead to write the business plan.

You should keep an open line of communication with your client in the course of writing his or her business plan because you would always need to ask them questions and also demand clarification for certain issues.

Even if you assigned the business plan writing to an employee, ensure that you keep an eye on it to ensure that they produce quality business plans because the quality and success rate of your business plans are what would keep you in business.

Starting a Business Plan Writing Service — The Marketing Plan For any business to grow, carve a market niche for itself and ultimately make profit, it needs to market its services to its target audience.

This is exactly what marketing does for you. It tells people where you are, the products you sell or the services you provide. Marketing strategies are not a one sized glove that fits every business.

Each business has peculiar strategies that would suit it, and the same applies to the business plan writing service business. In order to ensure that you reach the required target market for your business plan writing service business, you should utilize the following publicity strategies.

Advertise your business plan writing services in local newspapers, preferably business newspapers and financial magazines. Since the internet is big and very easy for advertising, you need to get a good website where you can state everything about your business including your contacts, then you optimize it on the search engine so as to get wider coverage for your business.

You need to open social media pages for your business so as to create more publicity for your business. You should always attend local business functions so as to network with business people. You never know who would need your services in those places.

You can equally find a market for your business in business discussion forums online. You should also print your business cards and maybe flyers you can share in strategic positions in your target location. For you to charge optimally for your services, you have to ensure that you employ the best business writers around.

If your company has the reputation of writing great business plans that help entrepreneurs get loans and funding easily from banks and other financial institutions, then your clients would always be willing to pay whatever you ask them to pay.

Again, your customer service officers have to be courteous and respectful to clients.We support America's small businesses. The SBA connects entrepreneurs with lenders and funding to help them plan, start and grow their business.

Possible Threats and Challenges You Will Face When Starting a Business Plan Writing Service. Being an entrepreneur comes with a host of challenges as the business world comes with its own rules and regulations.

how to start a business plan writing service

Starting a business plan writing service equally comes . Writers who start a business plan writing business must know how to write business plans, of which there are a few different types.

The Balance has guides on writing simple business plans and traditional business plans, as do many other sites. A business plan is a written description of your business's future, a document that tells what you plan to do and how you plan to do it.

If you jot down a paragraph on the back of an envelope describing your business strategy, you've written a plan, or at least the germ of a plan. Business Plan Writer: If you're business savvy and can write clearly, you can also offer your services writing business plans.

Skills and Experiences Required to be a Freelance Writer Interestingly enough, you don't necessarily need a degree in journalism or English to be a successful freelance writer.

Oct 25,  · To write a business plan for a small business, start by writing an executive summary that briefly outlines your business. Follow that with a company description that explains your business in 88%().

Starting a Business Plan Writing Service | ProfitableVenture