Business Plan Writers with Best Traits
April 25, 2024 · 9 min read
A business plan writer is a professional that specializes in creating business plans for the purpose of raising capital or guiding a startup. A professional business plan writer works with business owners to create a roadmap for their businesses.
The roles of a business plan writer are to gather information about a business concept, industry, target market and then organize this information into a coherent document.There are various elements that you should consider when hiring a business plan writer.
A professional business plan writer should possess excellent academic background, outstanding research skills, excellent writing skills, excellent communication skills, strategic thinking, proper project management skills, strategic thinking, adaptability to change, commitment, availability, confidentiality and adherence to ethical standards. You should also look at testimonials and references from other clients as well as consider the affordability of the writer’s services. A professional business plan writer understands how to write different types of business plans. Below are the characteristics of a good business plan writer.
Professional background and qualifications of a business plan writer
Excellent professional qualifications and background are important qualities of a business plan writer as they help sharpen and cultivate strategic skills through simulations, extensive strategic analysis and case studies. A qualified business plan writer is able to identify opportunities, industry shifts and come up with innovative solutions when business plan writing.
When looking for an expert business plan writer to hire, ensure that they have proven experience in writing compelling and well-structured business plans for businesses similar to yours. Preferably, they should have professional experience with organizations within the same industry or size as your business.
Education background
Professional business plan writers come from diverse education backgrounds, such as finance, entrepreneurship, management and marketing. Many of the business plan writers hold advanced degrees such as MBA which enables them to offer valuable ideas and recommendations for your business venture. The knowledge obtained from their education qualifications enables them to address all aspects of a quality business plan.
Outstanding research skills
Thorough market research is essential for understanding your target market, competitors and trends in the industry. An expert in business plan writing should have outstanding research skills so as to conduct in-depth research by analyzing dynamics of the market, consumer behavior and emerging trends. Good research skills ensure your business plan is solid and that you are able to make strategic informed decisions concerning your business.
What are outstanding research skills for business plan writers?
Business plan preparation requires the writer to have the ability to read and interpret data. Data analysis skills come in handy when conducting market and competitive analysis which are the key cornerstones of a business plan. In market research, a business plan writer will first look at different market segments as well as the purchasing habits of the customers in each segment.
Excellent writing skills and clarity of communication
An experienced business plan maker should have excellent business writing skills. This involves not just good grammar, but also writing in a professional tone and communicating your business setting. Pay someone who can articulate a narrative about your business weaving together its mission, vision and value proposition in a persuasive way. A good business plan creator should maintain clear communication so as to be able to present complex information in a clear, concise, accessible and engaging way.
What are appropriate writing skills for business plan consultants?
An expert business plan writer must be a solid writer. You should insist on reading their sample writings. The writings should have a solid command of grammar as well as correct spellings. Business plan consultants should avoid using heavy jargons which are incomprehensible by business plan readers.
What communication skills should the expert have?
Effective communication is a critical component of a successful working relationship with a business plan expert. A business plan writer should have strong listening skills to fully understand your goals, concerns and ideas.
Being able to accurately represent your vision to stakeholders is a communication skill that a business plan consultant must possess. In addition, they should be open to receiving feedback and incorporate your ideas into your document.
Strategic thinking
Someone who writes business plans should not only document your ideas but also contribute strategic insights and suggestions to strengthen your business models and plans. A strategic business plan consultant brings to the table a strategic mindset helping you to set realistic goals and develop a roadmap to achieve them.
Your strategic business plan writer will help you chart the course to success if you are aiming at increasing revenue, expanding to new markets, or want to launch a new product.
Confidentiality and trust
As a professional business plan consultant, building trust with your clients is vital for your success. One of the ways to build trust is to be honest and transparent with your clients. Confidentiality also plays a critical role in building trust with clients.
As a client, it is essential that you protect your business plan from intellectual property theft by coming up with a business plan confidentiality statement which is a document that states that information disclosed during your business plan writing cannot be disclosed to anyone outside the agreement.
Proper project management skills
Business plan writing is a project itself as it involves a series of steps and hence should be managed as such. Proper project management skills include: defining a goal, strategy setting, outlining actions and prioritizing actions through to completion.
A business plan writer should have the ability to manage business writing project effectively through meeting deadlines and managing feedback and revisions efficiently hence enhancing professionalism.
Availability and commitment
Availability and commitment of a business plan expert is a sense of responsibility as it shows that they value your business just like it is their own. You should evaluate your business writer’s availability to take on your project and their commitment to see it through to completion according to your timeframe.
Follow up services
You should consider if a business plan writer offers additional services after business plan writing. Additional services can be presentation of the business plan, pitch deck editing or support. Consider also the availability of revisions, updates of the business plan or consultation after the initial project is completed.
Affordable business plan wrting services
Business plan writing charges are affordable. For an average business plan creation, professional business plan writers charge between $2000 and $25,000. The business plan cost will however depend largely on the quality of the plan that you require, the complexity of the document as well as its length.
One should expect a comprehensive, customized and well researched business plan at the very least. Several companies offer business plan writing services but the quality of their work may vary hence its important to choose who writes your plan carefully.
When it comes to business plan writing services, you get what you pay for. If you work with a cheap business plan writer, you face the risk of ending up with a low-quality plan.
Testimonials and references from past clients
Professional business plan writers should have an impeccable reputation. You need to look at their track record in the market. You could check the writer’s past reviews by their clients on their websites or social profiles and if positive, you could go for their services.
Customers are likely to refer to a company that writes business plans if they are highly satisfied by the services offered. Great business plan writers are reliable and are known for achieving positive results for their clients.
Adherence to appropriate ethical standards
Ethical standards are fundamental for a business plan writing company as they are a commitment to conducting business with transparency, integrity and social responsibility. An expert business plan consultant should ensure that your business plan contains a code of conduct defining ethical principles guiding your business.
Additionally, a business plan writer is guided by several ethical values such as citation, respect and integrity. When researching, a business plan writer should use research material with permission by ensuring they cite the sources of information. Respect entails recognizing and valuing different perspectives and needs of their clients.
Are there Business plan Writers for Hire?
Yes, there are business plan writers for hire in companies that offer business plan writing services and consultancy. You hire a business plan writer whenever you need a strategic document that covers your goals, objectives, and methods to attain them.
Hiring business plan writers gives you a pool of experience that you can tap to realize greater value. Business plan experts have written many documents and they use their expertise to make your business more appealing. If you want to develop a business plan, hire a consultant with the necessary skills to do that for you.
What type of business plans can professional writers do?
Business plan writers specialize in the creation of different types of business plans where they are experts. Each type of business plan serves a distinct purpose and helps address various aspects of business management and strategic planning.
Choosing a suitable type of business plan writer depends on the needs, goals and level of the business. Each type of business plan writer serves a distinct purpose and helps address different aspects of business management and planning.
There are many different types of business plans. Some types are best for new businesses seeking to attract funding others help define how your business will operate on a day to day while others prepare your business for unforeseen events.
Common types of business plans are: start-up business plan, strategic business plan, bank loan business plan, small business administration business plan, profit business plan and non-profit business plan. Below is a table for the different types of business plans that can be written.
Type of Business plan |
Definition |
Startup business plan |
A startup business plan is a plan that lays the foundation of success for the business and includes information about the business concept, competition analysis, target market and financial projection. |
SBA business plan |
SBA business plan stands for the U.S. Small Business Administration and it helps small businesses to obtain funding from the U.S. government. |
Bank loan business plan |
A bank loan business plan is a form of business plan that enables banks to know if the business idea is viable and sustainable to determine the amount of loan that one can get from the financial institution. |
Strategic business plan |
A strategic business plan helps define the direction of your business and decision making over the next five years. |
Non-profit business plan |
A non-profit business plan is made for non profit organizations who are driven by purpose rather than profit driven. |
Profit business plan |
A profit business plan considers how your business will earn today and in the future. It helps put up a baseline to measure success, use data to make good management decisions and educate employees. |
Internal business plan |
An internal business plan aims to keep your team in sync with the business goals and strategies to ensure everyone is on the same page and uncovers weaknesses in your business as well as the competitive advantage for your business. |
International business plan |
An international business plan involves developing a proposal to start a business in an international setting and is important for capitalizing on global markets’ opportunities. |
Business plan for immigration |
A business plan for immigration provides evidence that you meet the criteria for approval of visa. The purpose is to show that you can work and legally live in another country and take into account the economic and social environment into which you are moving. |
Business plan for partnerships |
A business plan for partnerships establishes a clear roadmap for collaborations between business partners. |
Business plan for investors |
An investors business plan tells your investors what your goals are and milestones your business will achieve with the investment they will put in your business. |
Pre-seed business plan |
A pre-seed business plan attracts potential investors by offering insights into the vision, revenue model and growth strategy of the business. |
Seed business plan |
A seed business plan comes into play when your business has grown out of its developmental phase and has something viable to show to potential investors. |
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Writen By
Dr. Ashleen Joy
Dr. Ashleen Joy holds a Ph.D. in Business Law from Stanford University and is a professional business writer. With extensive experience in business planning, she has successfully helped numerous startups and established companies secure funding and achieve growth. Renowned in top American business forums for her strategic insights, Dr. Joy excels in writing compelling business plans and presentations. She frequently conducts workshops and seminars, sharing her expertise with entrepreneurs and professionals. Combining academic excellence with practical experience, Dr. Joy is a respected authority in business planning and strategic communication.