A business plan writer is very crucial in the world of entrepreneurship, where one of the essential tools for success is a well-crafted business plan. Whether you’re starting a new venture or seeking funding for your existing business, a comprehensive business plan can be the blueprint for your success. However, not everyone has the expertise or time to create an effective business plan on their own. That’s where professional business plan writers comes in.
Choosing the right business plan writer can be a crucial decision for the future of your business. With so many options available, it’s essential to know what qualities to look for and what questions to ask to ensure you find the perfect fit for your needs. In this guide, we’ll explore the essential checklist for selecting the right business plan writer and what a good business plan writer should do to help you achieve your goals.
1. Experience and Expertise:
The first thing to consider when selecting a business plan writer is their experience and expertise in the field. Look for writers who have a proven track record of success and a deep understanding of business principles. They should have experience working with businesses similar to yours and be familiar with your industry.
Ask potential writers about their background and qualifications. Have they worked with businesses in your industry before? Do they have any relevant certifications or credentials? A good business plan writer should be able to provide examples of their past work and demonstrate their ability to create effective business plans.
We, at, IBP Editing Services have worked with clients from multiple industries as well as SME Bank Malaysia directly for their business plan writing needs, while helping our clients to ease their submission process. The founder herself has an MBA and close to a decade of running the business successfully, and hires team members with MBA and financial management knowledge in order to serve clients better.
Among the fields we have worked on:
- Prudential Malaysia – PRUExpert Prudential Department Strategic Planning for year 2023
- Success Project Management Sdn Bhd – Oil and gas field, client required loan from Maybank for business expansion
- SS Seri Setia Resources (M) Sdn. Bhd. – IT field, development of laundry app, client seeking investor’s loan
- Dash Fit – A start-up project, client was seeking feasibility study and business plan to obtain investor’s fund
- Zaytoun Medicare Sdn. Bhd. – Clinic expansion for dialysis center – seeking investors fund
- Zitra Plus Sdn Bhd – IT gadget business based in Johor, client was seeking loan from SME Bank. We assisted client to liaise with SME bank for proposal submission
- HZF Resources Sdn. Bhd. – Sports complex business plan development, client wanted a feasibility analysis to see if the business is worth venturing seeking investors fund
- Hock Hin Heavy Equipment Group Sdn. Bhd. – Client seeking distributorship approval from heavy machinery company based in China
- Ara Semangat Asia Sdn Bhd – Proposal submission to Ministry of Health Malaysia for app development
Visit our business plan writing page to get a quote
2. Research Skills:
A crucial aspect of creating a successful business plan is thorough research. A good business plan writer should be skilled at gathering and analyzing data to inform their recommendations and strategies. This includes market research, competitor analysis, and financial projections.
Ask potential writers about their research process. How do they gather information? What sources do they use? A good business plan writer should be thorough and detail-oriented, leaving no stone unturned in their quest for information.
One of the reasons why we charge clients a professional fee of around RM 6000 to RM 8000 on average per project is because we use PAID market research platforms (which can cost from RM 1400 to RM 14000, depending on the depth of research involved) in order to obtain accurate data with regards to your field, and these paid market analysis information comes from companies like Statista and EuroMonitor International. We also deploy researches to do field research so that we could deliver accurate information pertaining to competitor analysis.
3. Customization:
Every business is unique, and a one-size-fits-all approach to business planning won’t cut it. Look for a business plan writer who takes the time to understand your specific needs and goals and can tailor their approach accordingly.
Ask potential writers about their process for customizing business plans. Do they take the time to get to know your business and industry before starting work? How do they ensure that the plan they create aligns with your objectives? A good business plan writer should be flexible and adaptable, able to create a plan that reflects your vision for your business.
We create a set of questionnaire after studying your business idea, in order to understand your plans better. After that, we provide a working process outline whereby we will draft your business plan first. We would sit with you and discuss further to see if we are aligned. If you need amendments and a tweak to the draft, we would advice you accordingly if it is doable. In short, we are your consultant, advising you what we have gathered from our research, so that you can make an informed decision on your business ideas.
4. Communication Skills:
Effective communication is essential when working with a business plan writer. They should be able to clearly articulate their ideas and recommendations and be responsive to your input and feedback throughout the process.
Pay attention to how potential writers communicate with you during your initial interactions. Are they prompt and professional in their responses? Do they listen to your concerns and address them thoughtfully? A good business plan writer should be a strong communicator who keeps you informed and involved every step of the way.
Many of our clients come with only business idea on hand. These are first time entrepreneurs who need more assistance so that they don’t just end up having a business plan not knowing how to move forward in securing investment from investors or loans from banks. We make our terms and conditions transparent with our Non-Disclosure Agreement and provide you a working timeline through Gantt Chart in our proposal. As such, you can keep track of our work based on what we promise you prior to your first payment.
5. Attention to Detail:
Creating a business plan requires careful attention to detail. From financial projections to marketing strategies, every aspect of the plan should be thoroughly researched and meticulously crafted.
Ask potential writers about their approach to detail. How do they ensure the accuracy and completeness of their work? Do they have processes in place for reviewing and revising the plan to catch any errors or inconsistencies? A good business plan writer should be meticulous and thorough, leaving no room for mistakes.
At IBP Editing Services, we have a dedicated teams working on financial projection and research. We work hand in hand to come up with close approximations to every data we use. For instance, we provide you the basis of our assumptions made for each expense list we add into your business plan (from the number of staffs you need, to the nitty gritty details like miscellaneous expenses your business may incur, taking into account inflation every year). As such, you will be able to see that we have reasonings made to every aspect of our business plan.
6. Strategic Thinking:
A business plan is more than just a document; it’s a roadmap for the future of your business. A good business plan writer should be able to think strategically and develop a plan that not only addresses your immediate needs but also sets you up for long-term success.
Ask potential writers about their strategic approach to business planning. How do they identify opportunities and challenges? What strategies do they recommend for achieving your goals? A good business plan writer should be able to think critically and creatively, offering insights and recommendations that will help your business thrive.
We don’t typically offer SWOT analysis with sweeping generalized statements. We highlight potential loopholes in businesses, and develop a plan that would not deplete you off your resources. We provide feasibility analysis for your business whereby if you don’t make money in the first quarter of your business, we guide you on how to better manage your funds so that you could convince your investors better.
7. Reviews and Testimonials:
Before making a final decision, be sure to check reviews and testimonials from past clients. This can give you valuable insight into the quality of a business plan writer’s work and their level of customer satisfaction.
Look for reviews and testimonials on the writer’s website or third-party review platforms. Pay attention to what past clients have to say about their experience working with the writer and the results they were able to achieve. A business plan writer with consistently positive reviews is likely to be a safe bet for your own project.
Our 5-star reviews on Google and proof of working experience as well as successful submission of business plan to bank speak better for themselves.
Conclusion:
Choosing the right business plan writer is a critical step in the success of your business. By following this checklist and considering factors such as experience, research skills, customization, communication, attention to detail, strategic thinking, and reviews, you can ensure that you find the perfect fit for your needs.
Remember, a good business plan writer should be more than just a scribe; they should be a partner in your journey to success, offering expertise, guidance, and support every step of the way. With the right business plan writer by your side, you can confidently chart a course for your business’s future and turn your dreams into reality.