Why Does Every Startup Need A Business Plan Consultant?

 

Every company needs a business plan, but not every company needs a consultant to produce one. So why do so many startups find it so helpful to hire a consultant? Because a consultant is an expert who can bring specific insights and expertise that you don’t have yet. 

 

A startup business plan consultant is someone who understands the specifics of launching new businesses and can tailor their advice to your business concept and situation. Let’s take a look at some of the reasons why hiring a business plan consultant will give you an edge when setting up your new venture:

 

a)      You can check your assumptions before you invest

 

One of the most important uses of a business plan is to check your basic assumptions. It’s easy to get so caught up in a new business idea that you overlook obvious challenges that could make it a bad idea. You need a business plan to slow you down and force you to think through the issues before you go ahead and invest in the idea. 

 

You need to know that you’ve thought it through and have a solid plan for how you’re going to make it work. Otherwise, you risk wasting time and money that could have been avoided. You can do it easily with the help of a business plan consultant.

 

b)      You can focus on what your market needs

 

A business plan forces you to step back and ask what your customers need and want. It forces you to think like your customers, and to put yourself in their shoes. Without this focus on your market, the product, and customer needs, your business plan is just a wish list, not a viable business. 

 

Your plan needs to be grounded in what your customers want and need. It has to be focused on the customer needs that your business can satisfy. Your business plan consultant can help you dig into this customer insight and focus on what matters.

 

c)       Your business plan will be part of your pitch to investors

 

One of the biggest benefits of a business plan is that it will be part of your pitch to investors. If you hire a business plan consultant, a startup pitch deck may help you tailor your business plan to specific investors or fund sources you’re targeting. 

 

You may also be asked to present your plan to an investor, customer, or other potential stakeholders. You need a plan that you can use to articulate the business goals, strategies, and numbers clearly and persuasively.

 

Ø  A business plan is a tool for communication and discovery

 

A business plan forces you to dig into your business idea and the numbers behind it. And it forces you to communicate your ideas and discoveries to others. It’s a key tool for discovering what’s possible in your new business and for helping you explain that to others. 

 

That’s why it’s not enough just to type up some ideas and put them in a plan. You need to work out all the details, put them into numbers, and explore all the potential challenges. You need to make sure the plan is detailed enough to be useful, but not so detailed that it leaves out important options or possibilities.