Remember, a good business plan will, first and foremost, serves you and your team as a baseline strategy and plan of action. Thus, it is not to be taken lightly. Before you go about spending a couple of years of your life in establishing a startup company, and spending hundreds of thousands to even millions of your or other people’s money (OPM), you should makes sure your business plan (which is really your plan of action) is well thought through and validated by experts.
Also, beware of buying any ready-made templates or software to create your business plan, because: a) every venture and business plan is different and unique and depends on many factors such as the industry, business model and technology; and b) the essence of a good business plan is not just adhering to some standard format; It is about formulating the best strategy and plan of action for your venture to succeed. No off-the-shelf package can do this for you.
An experienced advisor can guide you through the process and ensure that the result is optimal for your venture. Try to find an experienced business plan writer that actually has a real business experience in your industry, be it software, Internet, medical devices or other. Note, an accountant or economist is not such person, as they are typically generalists who know how to run numbers but have no idea for example in running a high-risk startup, penetrating new markets and developing new products. You need someone who has been there and done that, preferably on a global scale and in your industry.
The writer of this post is a founder of Hitechstrategies.com and a business plan expert and teaches in various places how to write business plans.
HitechStrategies has written over 200 business plans to date, many resulted in fund-raising of hundreds of thousands to tens of millions ($US). We also have some sample business plans free of charge in our web site.
See our web site: www.hitechstrategies.com or contact us at: contact@hitechstrategies.com
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