A Unique Business: Writing Business Plans For Budding Entrepreneurs

Business Overview:

If you have a strong business background and want to turn your skills into a highly profitable business, you should start writing business plans professionally. Each day, more and more entrepreneurs are starting new businesses in hopes of achieving freedom from the 9-5 office scene. Unfortunately, having a passion for a great business idea does not necessarily make you successful. It is crucial for a new business owner to have a solid business plan in place before opening the doors to the new business. This is where your skills come in. If you have written business plans before, you can jump right in helping others get their businesses off the ground. However, if you’re new to writing business plans, you need to do some research to find out how to write a top notch plan. There are several key elements that should be included in every business plan – executive summary, company description, marketing plan and financial projections. However, it’s also important to be able to tailor each business plan to work with each company’s specific goals. You need to be very organized and be able to communicate effectively. Sometimes it’s hard to take someone else’s ideas and passions and translate them into an effective business document. Being able to work well with your clients will be key to your success, and that of your clients. Keep in mind that this can be an excellent online business idea as well as a face to face one. You can have local clients you meet with in person but you can also have clients all over the world who you communicate with via the Internet and phone. You will need to consider how you market your new business – this information should be in the business plan that you write for your own business before you get started searching for clients. If you know anyone starting a business, offer to draft a business plan for below your regular cost, or even for free, just to get some practice and get a few clients under your belt. Advertise in entrepreneurial magazines and online. Encourage your clients to spread the word about your great new business. Soon you will need to hire business plan writers to help handle the workload.

A Day in the Life of a Business Plan Writing Service Owner:

Your day will begin with a check of any ongoing projects. You will need to contact clients to discuss certain issues and you will constantly be reviewing drafts of various sections of their plans with them, and doing research to ensure the accuracy of your plans. If you have writers working for you, you will check in on their progress and assign them any new projects that come up. You will spend some time reviewing your marketing plan and place new ads in magazines or online as you see fit. Finally, you will need to review your finances to ensure your bottom line is healthy.

About Your Customers:

Your customers will be entrepreneurs looking for high quality business plan writing services.

What You Need to Start:

• Experience writing business plans (or solid training)
• Business plan
• Marketing plan
• Computer with finance software

The Good:

• With some practice, writing business plans is a simple process.
• Demand for business plans will continue to rise as more and more individuals look to start their own businesses.
• You can work when and where you want.
• You can charge top dollar for high quality business plans.
• Helping an entrepreneur get a business off the ground can be very rewarding.

The Bad:

• It could take some time to get your first few clients.
• Some clients may have trouble communicating their business needs effectively and you will have to spend extra time with them.

Resources:

• Small Business Administration on Business Plans
• Wikipedia on Business Plans
• SCORE Templates for Business Plans

About The Author

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