Posts belonging to Category business



Should You Hire a Business Plan Writer?

Interested in Starting Up Your Own Business?

If you are interested in starting your own enterprise we recommend you write a business plan. Most business owners dread the idea of creating a business plan. They feel it is difficult, time consuming, and stressful. For just those reasons you might consider getting outside help.

One way of getting outside assistance is to hire a professional business plan writer.

Professional Business Plan Writers

Let’s make sure you know what a professional business plan writer is. Generally, they are individuals experienced, professional writers that know business terminology and effectively understand business needs. It’s important that you realize the wording of anything written, everything from business plans to sales letters, makes the difference. The words that are chosen can determine the success or failure. For that reason many small businesses hire professional writers.

How Can a Professional Business Plan Writer Help You?

In your search for a professional business plan writer, you will learn that not all writers offer the same services. Many writers will simply take the ideas that you have already develop and present them in a more professional manner than you could.

At the other end of services offered spectrum is the professional business plan writer who teams up with you and develops your plan from your basic ideas all the way through to a finished business plan. Obviously, the writer’s fees will reflect the amount of time and energy required to take you basic ideas to a complete document.

Therefore it is important that you know what degree of support you require before you start looking for a professional writer.

Why Hire a Professional Writer?

There are many reasons for a small business owner to hire a professional business plan writer. The greatest reason may be lack of writing experience, or lack of writing confidence, and not knowing what format a business plan should take. You can easily staring at a blank page for hours if you have not written a business plan in the past.

Learning to write your own business plan may be an easy thing to do. Howerver, it will be a time consuming thing to learn. A professional writer who has the right experience can create a detailed, professional business plan much more quickly than an inexperienced small business owner to write the same plan.

Finding a Professional Writer

There are a number of options for someone interested in hiring a professional business plan writer. One way is to find a local professional writer. Local is the way to go if you want to work with them face-to-face. You can start by inquiring at your local government business support centers like SCORE, or asking other small business owners at your local Chamber of Commerce. You could also ask local writing groups (clubs) for potential business plan writers.

One problem you may have is that you are in an area that does not have any local professional business plan writers. If that is you situation you can use the internet to search for your writer. An online search for “professional business plan writer” will return a very large number of people and firms specializing in the creation and writing of business plans.

What to Consider Before Hiring a Writer

During the process of considering a professional business plan writer it is important not to choose the cheapest writer, or the first writer you contact. Your business plan is critical to you business’s success. Therefore, you have to be critical in you selection of a writer. Business plans are used for your own guidance as well as for gaining financing for your business. That is why your business plan has to be professional, readable, and detailed.

After you have selected a few promising professional writers, request samples of their past work, ask for references and testimonials of business owners who have used their services. This will reassure you that you are getting exactly what you are expecting to get from your writer and your final business plan is something you can distribute without worry.

Just like any other contract that you enter, be certain of what you are getting for the fee you will pay. Are there prvisions in the contract for free updates and revisions prior to the final version? How will you be charged, per word, per page, by the hour, and so on? Be certain you understand what the writer is going to deliver and when.

Follow these suggestions an you can decide if using a professional business plan writer is right for you and your small business. Although a professional writer may be an extra cost that you don’t think you can afford, they may be one of the best investments you can make for the long run.

Business Plan Writing Resources

The One Page Busines Plan

How to Write a Business Plan Yourself

 

173. A New Form Of Networking

A New Form Of Networking

Seventy percent of Americans belong to one association. Twenty five percent belong to four or more associations.

Our professional existence is held together by the network of people with whom we share common interests, even common goals.

As technology gives us new ways to link up, communicate and share ideas, our need to identify with a collective presence reflects our need to become more significant.

Today, this need is being fulfilled by privately organized, managed and funded trade associations.

For-Profit

If there is anything that drives any venture to succeed, the principal motivation is profit – the commercial purpose for which any trade activity exists.

Because we still maintain a mindset that associations should not be a money-making venture, it is difficult to imagine a trade association as a for-profit representative body of a particular trade.

However, as the efficiency, agility and productiveness of for-profit trade associations become evident, members become more confident that operating a for-profit trade association is the only way to guarantee that the association will remain productive and beneficial to its members.

Objectives

Unless your primary reason for creating a trade association is to lobby issues in Washington, your association’s principal objective should more or less focus on information sharing.

If you are creating a trade association as a forum for its members to share ideas about their trade, it is essential that you provide your members this vehicle by which they can communicate, maybe even interact.

Beyond Membership

Since most associations get started with low membership dues, usually in the $20 to $30 bracket. Many associations are lucky to break even on membership dues alone. To guarantee its healthy existence, its financial foundations should expand beyond being exclusively dependent on membership dues.

Although most trade associations start off with a newsletter, it is in an ideal position to organize conventions (that provide members a forum to network, meet suppliers, and hear experts) which can be a prime money-maker for the association.

171. The Prize Is Always Right

The Prize Is Always Right

Giving away a prize as an incentive to sell a product or solicit a donation is a time-tested marketing ploy that never fails. The only problem is that the market has become oblivious to sweepstakes.

Promoters are giving away the same old prizes time and time again. Without adding anything exciting to the sweepstakes, you might as well offer $10 million or your efforts (or your product or charitable cause) are likely to be ignored.

In this age of mega-million lotteries, the type or value of prizes offered speak the language of the market. If your product is just as good as that of your competition, or if your charity is just as worthy as any other that seeks donations, then you’d better spike your campaign with a sweepstakes that is unique as can be.

THE PRIZE

A few years ago, a church in Daly City, a bedroom community west of San Francisco was planning a fund raising campaign that involved selling “raffle” tickets to the congregation.

The plan was to sell the tickets for around $5 each, and for which one lucky ticket holder could win the grand prize of a brand new Toyota Tercel.

To say the least, the idea was worn out and unimaginative. A friend coordinating the project decided the raffle could be improved, and consulted me on what the fund raising committee can do to make the sweepstakes more attractive.

My suggestion was to give a different prize. Why not give away a business – a store!!!

VIDEO STORE PRIZE

We went to a new strip mall that was being constructed and leased a storefront for $1,100 a month.

Next we ordered signs and shelves and an initial inventory of 1,200 used video tapes for which we spent a total of $15,000.

For under $20,000, we were able to put together the basic framework of an operational video store. We hanged a banner outside that says “You can win this store. Call for info”.

$200 A TICKET

Because the church wanted to raise $25,000, we decided to sell 250 tickets at $200 each – for a total of $50.000.

Out of this amount, $20,000 will pay for the grand prize, $25,000 goes to the church and $5,000 for my friend for organizing the project which lasted for 6 weeks.

To achieve the same results, and using instead an $8,000 car as a prize, it would require the church to 8,000 tickets at $5 each, a much more difficult fund-raiser by comparison.