Get the Money You Need to Jump-Start Your Business

Do you have a good idea, but no the money to create a business for it? Do you have a start-up planned, but no way to fund it? Do you have an existing business that needs a loan or grant to expand? Do you want to introduce a new product or service? Do you have a charity or non-profit that needs funding?

If you answered yes to any of these questions, then you need a business plan. A business plan can get you where you need to be with your business. With a properly planned and written business plan, you have the ticket to open doors to your business success.

What is the value of a business plan?

A business plan is a first requirement that you must have in order to borrow money, raise angel or venture capital, or even get in the door with an investor. If you don’t have a business plan, you will not be able to apply for a loan at a bank, call a potential investor, or obtain an SBA loan.

In addition, the creation of a business plan becomes a clear statement of your business mission and vision. You can use it as a blueprint to focus your energies within your business and keep your company on track.

In fact, according to the Kauffman Center for Entrepreneurial Research, Companies with business plans have 50% sales growth and 12% higher gross profit margins than companies without a business plan. This statistic alone should be enough to convince any sane businessperson that they need a professional business plan.

How to get a professional business plan

“I am taking care of business; I don’t have the time or expertise to write a professional business plan.” Of course you don’t. And, in addition, you might not have all of the areas of expertise required to write a polished professional business plan.

In fact, the best way to obtain a professional business plan for your company is to work closely with an established business consultant. They should be able to work with you to create a polished and, most importantly, compelling plan.

How much should I spend?

A good business plan can cost from $1000-$4000+, depending on your financing goals. If you are looking for an SBA loan, then you should be able to get a really complete plan for between $1000-$1500. On the other hand, if you need $1 million plus in venture financing, then expect to pay $1800 and up.

The investment that you make now in a great business plan will return its values 100 fold in the future. You will have the document you need to talk to banks or investors, and you will have a succinct written representation of your business that you can use for a wide variety of purposes. So what are you waiting for?

Julee Meltzer is the president of BusinessEdge Consulting LLC. As a qualified executive consultant, she has assisted hundreds of businesses in meeting their financial goals. Julee works online from her website, http://www.businessedgepros.com, to help businesses create superior business plans at an affordable price. You can reach her at: julee@businessedgepros.com

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