Find a Business Plan Writer: 11 Qualities to Check

A good business plan writer is an expert who writes business plans using their expertise in finance, marketing and consultancy to help in business planning. In recent years, the demand for professional business plan writers has gone up due to a surge in aspiring entrepreneurs. After all, the secret ingredient behind entrepreneurial success is an amazing business plan. 

The qualities of a good business plan writer are academic qualification, experience in business consultation, expertise in particular industry, excellent communication skills, good collaboration skills, affordable charges, organized and comprehensive, good market research skills,understands and follows business plan structure, proper time management, and knowledge in finance. 

There are so many consultants and business plan writers in the market. You need to ensure that they get a qualified business plan writer. The benefits of hiring qualified writers are effective definition of your business goals, enjoy a wealth of expertise and experience that lead to comprehensive business plans, saves your  time and excellent market research. 

Ensure you do not get a rookie and end up wasting money and finances by getting substandard services. What makes a good business planner professional? The following is a list of qualities to look out for:

1.    Academically qualified

An MBA is an excellent starting point for a professional business plan writer. The evidence of possession of knowledge is academic qualification. Academic qualification is a key factor in equipping the business plan writer with good marketing, accounting and operational excellence.

An MBA program helps sharpen and cultivate strategic skills through simulations, extensive strategic analysis and case studies. An academically qualified business plan writer is able to identify opportunities, industry shifts and come up with innovative solutions.

2.    Experience in business consultation

Business consultation involves closely working with business owners and managers so as to improve efficiency and operations in their businesses sparking growth. A business consultant analyses a business and creates solutions to problems while helping the company achieve its goals.

A business plan consultant with experience in business consulting has the expertise and knowledge in identifying potential problems, developing strategies to overcome the problems and providing direction on top best practices to be adopted. In addition, a business plan consultant will streamline the process of coming up with a brilliant business plan by providing guidance on what to include in your plan.  

3.    Expertise in business plan for specific industry

When choosing a business plan expert, it is crucial to consider if they have industry experience and knowledge. It is imperative that your business plan writer should have extensive understanding of your particular industry or niche including competition, market dynamics and opportunities for growth.

A successful business plan writer should be familiar with the ins and outs of the industry and know the industry secrets. He should be aware of industry laws that may directly or indirectly affect the running of the business. This kind of targeted knowledge is what separates a good business planner from a great one.

4.    Excellent communication skills

 A good business plan creator should maintain clear communication while being honest and sincere. Effective communication is a crucial component in a successful partnership with a business plan writer. Exceptional communication skills enhance professionalism in the relay of your vision in the plan.

A business plan writer who can effectively communicate your entity’s unique value proposition, competitive advantage and potential for growth enhances your chances of attracting investors. A business plan creator should also be open to feedback when questions arise and be receptive to incorporating your ideas into your plan.

5.    Good collaboration skills

A skilled business plan writer should actively engage with you throughout the process and when necessary, seek clarification. Business plan preparation is a collaborative process that consumes effort and time on both the writer and the client. A business plan writer needs to have in-depth discussions with clients to know their perspective and what they require.

A collaborative approach ensures the business plan writer understands your business model hence fostering the development of an actionable and comprehensive business plan tailored to your unique specifications.

6.    Affordable charges for business plan writing

A business plan writer costs between $2000 and $25000. Depending on the level of expertise of the company, business plan consultancy charges may be more than $25,000. Business plan consultancy firms also charge on an hourly basis depending on the complexity of your business plan.

If you consider a cheap business plan writer you stand the risk of buying low quality business plan writing services. The goal is to find one that not only best fits your budget and needs, but also delivers quality business plans that meet your expectations.

7.    Organized and comprehensive business plan writing skills

Organized and comprehensive business plan writers recognize organization as a key quality. A good business plan writer should have a comprehensive understanding of business planning processes and knowledge to put together ideas in an organized way. If everything is not laid out in an orderly manner, the business plan ends up being difficult to follow.

A good business plan needs to be organized and well thought out. Being disorganized may lead to missing opportunities and mistakes. In business plan development, a good business plan writer ought to take all information gathered and put it into a document that is cohesive. Information needs to paint a clear picture of the business for potential investors and clients.  

8.    Good market research skills

Good market research skills give the writer a better understanding of your industry, competitors and the overall market. Researching what other similar businesses have done is instrumental on how the business plan will be structured. Through the research findings, they come up with better analysis, which leads to a professional business plan. 

Research is a key component that enables the business plan writer to be updated on the latest industry trends, business reviews,potential opportunities as well as threats that your company may face. Doing research ensures basic understanding of the basics of writing a business plan hence creating a document that will help your business succeed.

9.    Understands and follows the structure of a business plan

Understanding and following the structure of a business plan helps in creating and sticking to a business plan that is professional. The benefits include highlighting potential success inhibitors and thinking through ideas before investing too much money. Business plans are rarely identical even among similar industry players. However, there are basic elements of a business plan.

A good business plan writer ought to understand the basic components of a business plan. It should include an executive summary which well defines the entity’s mission and vision. The company’s major activities should be described accurately. It should also contain resources, customer segments and sources of revenue of the company.

10. Proper time management

Proper time management in business plan writing ensures every step is implemented as promised. Writing business plans can be time-consuming for a business plan writer as they have huge volumes of information that they need to sort through. There are various steps involved in developing a business plan hence time management is a key factor in business planning.

A good business plan writer will take the time to be acquainted with the marketing campaign of the business, have long discussions with clients to ascertain their requirements and then develop a plan. The draft plan will then be submitted to the client for evaluation. A business plan writer hence needs to meticulously plan his work to deliver within the right time frame.

11. Competence in finance

Financials are key elements in a business planning hence having a business plan writer with financial skills is best. A business plan writer who is finance savvy is able to review a balance sheet, cash flow statement and other documents of financial planning. 

A good business plan writer should be able to understand and interpret financial forecasts together with business financing and how it works. An expert business plan writer analyses your revenue streams, cost structure and growth projections to create an enthralling financial story.

Why hire a business plan writer?

Hiring a professional business plan writer assures you that you will get the benefits of a good business plan. A good business plan writer clarifies your business goals, brings a wealth of expertise and experience thereby formulating comprehensive business plans, saves owner’s time and ensures excellent market research.

A good business plan writer guarantees uniqueness of your business plan, brings clarity to the vision of your company, assures objectivity towards business approach, creates professional financial forecasts for your business and gives professional presentation of your business plan to potential investors.

Can the standard of a business plan writer affect the quality of a business plan?

Yes, a high-quality business plan should be written by a professional writer with good qualities. The qualities of a business plan are highly influenced by the quality of the business plan writer assigned the job. If the writer is not good in communication, collaboration, time management, academically qualified, research knowledgeable, and financial expert, they cannot make a business plan for you.