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Can you hire someone to make a business plan

Can I hire someone to write a business plan? [Updated Guide]

A business plan is an essential thing to start a business. It is a plan of how your business will work and how you will make it successful. It includes the organization’s nature, sales, marketing strategy, and financial background with an estimated profit and loss statement. There is a lot to consider before hiring someone to write a business plan. So we guide you through some ideas and suggestions that can help you to decide. Let’s dive in.

Can I hire someone to write a business plan?

Since it is about your business, It’s better to write it by yourself with a consultant’s guidance. But, if you do not have a thorough knowledge of writing or apply for a loan or investment, you can hire a consultant to write the entire plan as your preference.

But it’s not that simple. There is a process we go through before someone hires or write it by yourself.

Before we start, I suggest watching this video.

What is a business plan?

A business plan means that a guide and a roadmap for your business that outlines goals. It explains about Development of all the action plans and business strategies needed to transform a business opportunity into a real business project.

Identify, describe, and analyze a business opportunity are the main component in a business plan and operating a business and examine its technical, economic, and financial viability.

How about writing a business plan by yourself?

The best idea is to write your business plan. You can get help from a consultant to review it and make suggestions for changes. And the process of assembling the first draft yourself is beneficial to your new business.

If you are a good writer, you can hire a mentor to guide and advise. But do most of the writing yourself. This is an excellent investment as long as you make the most of your hard-earned money and choose a professional who understands your business. It is helpful to ask a counselor to review your plan and suggest changes. But the process of assembling your business plan yourself will be very beneficial to your business.

  1. You are the one who knows everything

It can take hours for a consultant to adequately disclose all the details of your business. Even then, owning one is still beyond the reach of the average person. By trying the first draft yourself, you will have plenty of time to build it up and refine it as you learn more about the challenges you face.

  1. You can think widely through the process

You have to describe your plans, goals, and resources to build your business when writing the business plan. So, you may take an in-depth look at your idea, outlining each stage of development.

  1. Protect business secrets

Your business plan describes every aspect of your operations. You cannot trust a third party. Sometimes, they may get your valuable ideas and share them with your competitors . Do you want to pass all that information on to a third party? Even though you ask the contractors to sign an undisclosed agreement, there is still no guarantee of protecting the business secrets.

In addition to these risks, you also have the responsibility of working with a contractor. This means clearly defining distributions and making sure your contractor meets deadlines and stays within budget. Before hiring a specialist to help, make sure you are ready to take on these challenges.

  1. You learn through the process

The process of writing your business plan requires an in-depth look at your idea and business model. You gain clarity by identifying and stating the goals, activities, and resources needed to build your business. Through this process, you develop analytical and communication skills that will help you run your business.

  1. It is not a one-time task

Business planning is not a one-time attempt. Your business is growing rapidly in the early stages , and your business plan lasts only a few weeks or months. Your business plan should be a live document that you review and revise when you test assumptions. If someone else is writing your plan, you may find it challenging to keep up to date as your business evolves.

Advantages of writing a business plan by yourself

  • Personalize your plan with industry insight
  • A close understanding of your plan

You never know when the business level will more closely link to each level. As you work through all the financial statements, charts, and research, you will develop a more in-depth knowledge of your business and its location than hiring someone to write a business plan. This can be especially useful if you want to present your plan to an investor or bank and talk consciously about everything in it.

Disadvantages of writing a business plan by yourself

  • There is no guarantee if there are mistakes
  • It’s a huge work
  • It is more challenging to keep your plan up to date

If the plan has created by software, it can update automatically. And if specialized experts have created it, they will update for you. When you make your plan, you have to update it yourself and ensure that any updates and changes continue from the beginning to the end of the plan. It can be a lot of extra work.

The path you choose for your business plan will depend on several factors, but before choosing it alone, make sure you are comfortable with the various tools and datasets you need to complete your business plan. If you have any questions or concerns about the process, it may be best to use business planning software or hire a professional to help you write your business plan.

Things to consider when another person is writing the business plan

If you are fully employed or have substantial funding, you can hire an expert. The best thing to do is consider hiring a consultant, and then make sure they guide you through the business planning process, and perhaps write the entire business plan for you.

However, it is important to get the most out of consulting. You need to be involved throughout the process and understand everything in the plan. You need to understand it from the exit strategy to the mission statement. Otherwise, you end up with a costly paper load.

A professional consultant can increase your chances of getting funding for your business and increase your chances of success once you get the funding.

If the market is vast, and you want to grow the business to a significant percentage, understand what the risk of not getting things right from the start is more than the cost of hiring a consultant to ensure you do.

  1. Do they have a reliable website?
  2. Are they incorporated?
  3. Do they have satisfied clients?
  4. Are they direct you to these clients?
  5. Do they understand your business?

If the answer to all these questions is yes, you can select that person to write your business plan.

Here’s some extra help for you when you consider hiring a business plan writer.

  • Find someone who works for a long time

Avoid hiring anyone who assumes that a business plan can use once. That is not the way real business plans work. Business plans are inactive in a few weeks.

  • Find someone with tremendous industry experience

Since the plan’s actual content is more important, you need to find someone with relevant experience who can match your design experience with what it compares to.

It would be best if you had someone who can tell you that marketing costs are less or more profitable than realistic. All you need is someone who can make you aware of what the metrics are important for. You probably already know those parameters because they are generally specific to your business.

  • Find someone with relevant industry experience

The best place to find someone who has long industry experience, know your industry, and has relevant experience. Think through your list of managers and mentors.

If you think that making a business plan can be done by anyone who knows a business and not a specialized skill, it’s a wrong idea. A person should have better knowledge and experience in the industry.

Advantages of Hiring a Business Plan writer

A business plan writer can have an objective approach. The writer will do the necessary research to gather important information while saving you time. The time you save can spend exploring other business areas, gathering new ideas, or continuing to work in your current field to save money for new businesses.

Business plan writers know the suitable content to add to make a business plan stand out to investors. They are also familiar with the language and can follow a pattern that investors expect. The process can do very quickly with a writer within a pre-determined time. Often, people who write their own plans waste time writing small amounts of money and moving on to another task – some business plans take months for people to write.

Disadvantages of Hiring a Business Plan writer

A business plan writer does not fully understand your business vision and what you are trying to accomplish. It is essential to make sure that they carry your thoughts and ideas as per your ideas. The writer can use a standard template for all the designs they write, and this may not have specific requirements for your industry. If the writer does not have information about your industry, this can create a problem for investors.

Suppose the writer may not be with you at meetings to answer investor questions about the plan. If investors have questions about what to write, you may not know how to answer the questions. When you are hiring a writer, be sure to ask them to explain any statement you do not understand, so you are ready if an investor asks you the same question.

Think of you are on a tight budget; hiring a writer can be difficult.

In that case, rates vary depending on the writer you decide to hire and their experience.

In general, if you are starting your own business and using the plan for your purposes, it is a good idea to skip the business plan writer and write the plan yourself. If you could not decide about whether to hire a business plan writer, you may want to write a plan yourself and hire a writer to rewrite it for you. This way, your ideas are still part of the plan but include important language and terminology for investors.

How much does it cost to hire someone to write a business plan

A professional business planning consultant will typically charge between $ 3,000 and $ 20,000 for a complete business plan. If your business plan includes new or sophisticated technology, unusual or multi-revenue streams, or requires significant investment capital, you should expect high-end fees on this scale.

Conclusion

Business is an important thing since it leads to earning money. Since the business plan is the essential initial step in a starting business, you should pay more attention to that. If you are a good writer, it is better to write a business plan by yourself.

If you want a more professional business plan, get a loan or an investment, and have plenty of money to spend for a writer, you can give it to a professional. But the main thing is, you should have a better knowledge of your business. Even though another person writes it, you should know about the content, and the ideas of the plan are more important since investors may ask questions from the business plan, and you have to answer them well.

Our business plan writers develop plans that can help you win funding

Get access to expert business plan writers for any type of business

Business plans for startups

  • Establish milestones to achieve success
  • Outline accurate startup costs
  • Fully establish the vision for your business

Business plans for pitching to investors

  • Plans are formatted to meet lenders’ expectations
  • Ensures your projected financials are realistic
  • Be prepared with a strong plan to back up your pitch

Business plans for retail, eCommerce, restaurants and other popular industries

  • Plan writers with experience and expertise in your industry
  • Insights into what details are vital to succeed in your industry
  • Develop a strong value proposition to stand out from the competition

What makes our business plan writing services different?

Our business plan format has helped companies raise millions

Our writers use a business plan structure that has been tested and refined over the past 20 years. So when you hire a LivePlan business plan writer, you’ll be maximizing your chances of securing a loan or investment.

LivePlan is used by:

Business plan writers trusted by top business schools across the U.S.

Since 1988, Palo Alto Software—the creator of LivePlan—has helped over a million entrepreneurs achieve success. Our business plan structure is even taught at top universities, such as Princeton and Rice.

Get matched with a business plan writer who knows your industry

Our writers are experienced professionals who have written hundreds of business plans. That means there will most likely be someone on our team who has experience in your specific industry.

Maximize your chances of securing funding
by hiring a LivePlan business plan writer

How the process works:

1. Research and discovery

We first gain an in-depth understanding of your business. Then, we begin market research and examine your growth drivers.

2. Plan writing

Once our research is complete, we’ll write the body of your business plan and provide you with a draft to review.

3. Financial modeling

We’ll turn your financial assumptions into forecasts that include everything lenders and investors need to see.

4. Design and review

You’ll get a polished business plan with a design that matches your brand. You can then print the plan or share it online with a unique and private link.

Frequently Asked Questions

Business Plan Writing Help and Services for Hire

Will you review my plan and make changes?

Our review-only service just includes feedback, but if you decide you’d like to engage in our full plan writing service after participating in a review, we’ll give you a discount.

What if I already started writing my plan?

If you have a partially completed plan, we can work with that. In fact, it helps the plan writing process go faster because we’ll have to ask fewer questions, but you’ll want to choose the full business plan writing service.

Do you do market research? What does that include?

Yes, we do market research. We have access to industry reports for most industries and we will use them to lend more credibility to your plan and validate the assumptions we are making in your financials.

What is included with the full plan writing service?

When it’s all said and done, you’ll have a full, lender or investor ready business plan, a one page pitch, and a free year of LivePlan so you can make changes to your plan as well as use our cash flow and business management tools to stay on track.

Can you guarantee that my business will get funded?

There are a lot of factors that go into the decision making process for lending that are beyond our control, like your personal credit. What we can say is that it is very difficult to get funding without a solid business plan and we make solid business plans.

Will you share my information?

We take your privacy very seriously and will not share your information.

How long will it take to finish my plan? / Do you offer an expedited service?

The average business plan completes in 3-6 weeks, depending on your responsiveness to your writer and our work load. We offer expedited services if you are in a rush.

Yes, we can deliver an expedited plan in as little as two weeks for an additional $1,000.

Does my business plan include financials?
What formats do you deliver in?

We deliver in PDF format, Word and we also give you access to edit your plan in a free LivePlan account.

How many pages is the average business plan?

We subscribe to the lean business planning method so we try to keep your plan short and to the point. Depending on the complexity of your business, your finished plan can end up being anywhere from 25-50 pages.

Pricing and Options

How much does this service cost?

The full plan writing service cost can vary depending on your needs. Book a call with us to request a quote. We also offer a lower cost business plan review service and a forecasting service.

Do you offer a la carte services?

We offer a review service (feedback only, no edits), forecast only service or full business plan writing service. If you have a partially completed plan, we can work with that, but you’ll want to choose the full business plan writing service.

Do you offer a review service?

Yes. One of our business planning experts can review your plan and financials line by line and give you critical and constructive feedback to help improve your plan and increase your confidence when it comes time to deliver.

Do you offer an expedited service?

Yes, we can deliver an expedited plan in as little as two weeks for an additional $1,000.

What if I don’t like my plan?

You’ll have the opportunity to review and leave feedback after each draft. We recommend taking the time to be thorough and thoughtful in your feedback as that is your chance to help mold your plan into something that really resonates with you.

Expert Plan Writers and Consultants

Who writes my business plan?

You will be paired with one dedicated individual from our small team of highly trained and experienced business planning professionals. Each one is a uniquely qualified business planning expert who can translate your ideas into a business plan that will appeal to your audience.

Is my plan writer an expert in my industry?

Our business plan writers are experts specifically in business plan writing. We’ve worked with every industry imaginable so the likelihood that they have some familiarity with your industry is high, but if you are looking for a business consultant this may not be a good fit.

What kind of background will my writer have? Are they outsourced from other countries? Have they been writing business plans for very long?

We are a small team of well educated business planning experts. Each writer’s background varies but they all have financial or business education as well as years, small business management or consulting and business plan writing experience. They are all well vetted and really good at what they do, which is write plans that help you get funded.

Small Business Definitions

What is a business plan?

In its simplest form, a business plan is a guide—a roadmap for your business that outlines goals and details how you plan to achieve those goals. At its heart, a business plan is just a plan for how your business is going to work, and how you’re going to make it succeed. Read our full article on “What is a business plan” here.

What is in a business plan?

The executive summary is an overview of your business and your plans. It comes first in your plan and is ideally only one to two pages. Most people write it last, though.

The opportunity section answers these questions: What are you actually selling and how are you solving a problem (or “need”) for your market? Who is your target market and competition?

In the execution chapter of your business plan, you’ll answer the question: how are you going to take your opportunity and turn it into a business? This section will cover your marketing and sales plan, operations, and your milestones and metrics for success.

Investors look for great teams in addition to great ideas. Use the company and management chapter to describe your current team and who you need to hire. You will also provide a quick overview of your legal structure, location, and history if you’re already up and running.

Your business plan isn’t complete without a financial forecast. We’ll tell you what to include in your financial plan, but you’ll definitely want to start with a sales forecast, cash flow statement, income statement (also called profit and loss), and your balance sheet.

If you need more space for product images or additional information, use the appendix for those details.

Why is a business plan important?

There are many reasons why it is important to have a business plan. A business plan is essential if you’re seeking a loan or investment, can help you make big spending decisions with confidence and is a solid foundation for ongoing strategic planning and prioritization. Read our full article on “8 Reasons Having a Business Plan is Important” here.

What is a business plan writer/consultant?

A business plan writer/consultant is a business and financial expert who can help guide you through the process of creating a business plan and do much of the labor involved in creating it. They will work with you to understand your business model, do market research, create financial projections and offer guidance as all of those pieces are brought together in a full business plan document.

How to pick a business plan writer/consultant?

Picking a business plan writer or business plan consultant is an important decision — you’ll want to find someone dedicated to your success, with experience in your industry or field and that is in it for the long haul. Read our full article on “Things to Look for When Hiring a Business Plan Writer” here.

Why should you pay someone to write your business plan?

You don’t have time. Starting a business is time consuming. Oftentimes people have to juggle a regular 9-5 job while working on starting their business. That doesn’t leave a lot of time for a big writing project. Hiring a professional to write your business plan can help you give you time to focus on the tasks that are critical to getting your business off the ground.

You want to make sure it is done right, the first time. You only get one chance to make a first impression. Hiring a professional to write your plan for you can give you the peace of mind that your plan is the best it can be when you present it to potential lenders or investors.

Maximize your chances of securing funding
by hiring a LivePlan business plan writer

Business planning, cash forecasting, and financial performance tracking for small businesses and startups.