Posted on January 21, 2016
The Benefits of Writing Your Own Plan vs. Having Someone do it for You
As a busy entrepreneur, it may seem daunting to tackle writing your own successful business plan. You might be tempted to use a free business plan template found online, or sign up to use on of the various companies that make business plans for you. Unfortunately, the “quick and easy fix” in business often ends up creating more problems than its worth, as is definitely the case when it comes to an effective business plan.
First and foremost, a business plan template you come across online was not created to fit your specific needs. If one size fit all in the business realm, it would be very difficult to stand out from the crowd and thrive amongst the competition. Business plan templates can be a good start for organizing your thoughts, and to get a general awareness of what components go into various business plans, but they won’t guide you through considering every angle and challenge that might come your way, opening up the potential for pitfalls in areas left uncovered.
Hiring a business plan writer, or company that makes business plans for others, removes you from the process. This is your “baby” – you want to ensure it’s on the best path for success, and to be fully aware of what you’re signing yourself up for. Additionally, having others lead this process for you is often much more time consuming and costly, as they are outside parties not privy to the thoughts inside your head, and what led you to dreaming up your business idea to begin with.
When starting your own business, “if you want something done right, it’s best to do it yourself” is key – as an entrepreneur, you wouldn’t pitch your business idea to someone else and let them run with it on their own. This is why it’s important that you write your own business plan, and fortunately, there are many business workshops for entrepreneurs geared to make the process of starting a business as transparent and smooth as possible.