While you write up the Products and Services section of your business plan, keep your reader in mind. Things that you might take for granted or know inside-out might not be common knowledge to potential lenders or investors. As you write, avoid being too technical, assuming too much knowledge from your readers, and using buzzwords. Here are the points you want to write up in the Products and Services section of your business plan:.
What is your product or service, and how does it work? How does it benefit customers? How do you make it or how will you get it made? Why would someone choose to buy your product or do business with you over someone else?
Have you had the product tested or certified? Gotten approvals from industry experts? Did you trademark, copyright, or patent your product? These can add substance and credibility, so be sure to mention them.
Where are you currently with this product or service? Is it in the idea stage or do you have a prototype? Have you produced some and are looking to expand? Have you started offering this service already or are you still in the planning stages? How will you sell it? Will you market it online or in retail stores? This is where Bargain Business Plans comes in.
Visit Bargain Business Plans. One of the most common reasons for writing a business plan is to secure funding from a bank or investor. When you apply for a loan at a bank, for example, you need to provide very specific financial information laid out in a particular way. For investors, you have to do this and go into depth about your unique selling proposition and potential for growth. Another reason to write a business plan is for help internally.
Contrary to what you may expect, all 3 services we reviewed offer the full range of business plans. How they differ is the level of consultation you receive.
Bargain Business Plans will translate your ideas to paper with minimal influence from writers whereas Optimal Thinking will challenge your ideas and seek to improve them wherever possible.
Wise Business Plans falls in between. After that, an initial phone call with a writer will layout most of the details, along with ongoing communication via phone or email as the plan develops. You should have your business plan delivered in about 7 to 14 days.
Throughout your discussions, Wise Business Plans can offer financial advice. Optimal Thinking can also advise on compliance or potential legal issues and even suggest sources of funding. When you sign up, the process begins with a set of questions and continues over email.
The reason being is to keep everything clear in writing. Like the other services, the process begins with a questionnaire. Their job is to take your ideas and translate them to paper, not to challenge your ideas or suggest areas of improvement. The end product, however, is a high-quality business plan. Pricing varies a lot depending on the type of plan you need and the amount of research you bring to the table.
Investor plans and startup plans, on the other hand, can cost a few thousand dollars. Like Wise Business Plans, pricing varies depending on the type of plan you need and the amount of research that needs to be completed. Bargain Business Plans has 3 different packages with standardized prices:.
All three services have positive reputations. Customers referred to the staff as knowledgeable, approachable and prompt, with fast response times. From what they say, Optimal Thinking lives up to their claim of being one of the most knowledgeable business consultants out there. Customers were happy with their business plans and noted having a strong back and forth with writers. Given the higher degree of consultation than Bargain Business Plans, but the considerably lower price than Optimal Thinking, we feel small businesses are most likely to be happy with Wise Business Plans.
Along with professional writing, you get a degree of financial consultation — all without breaking your budget. Jeremy Marsan is a business analyst and staff writer for Fit Small Business currently specializing in small business healthcare issues and product reviews. I love the fact that you were objective in your comparison, which makes this article a good read! Wewere very disappointd with the service and quality of the Wise Business Plan.
Much happier with the depth of knowledge and prfessionalism of the optimalthinking plan. Their market research is excellent. Donald, Thanks for sharing your personal experience for our readers. The Optimal Thinking team are brilliant consummate professionals. They charge more than the run of the mill business plan firms because they go the extra mile to be successful. The business plan wowed the two venture capitalist firms we pitched.
Thanks for the fantastic analysis. Harvey, Thanks for sharing your personal experience using Optimal Thinking. We love insights from readers. Bettie was superb and delivered the business plan that got me my funding at a fairest price i can ever imagine.
A business plan for a service business is different than a plan for other types of businesses. That's why a sample business plan for an accountant, insurance agent, self storage business, cleaning service, dry cleaning, travel agent or other service business will be so helpful.
Unlike other business plan writing companies, we don’t just document your ideas onto paper. As your partner, we can help create the right foundation for your business.
Your business plan will include 5 years of pro forma financials, custom created for your business model. 3 Review Once the plan is completely written and modeled, you’ll have ample time for a thorough review and to give us feedback. The business plan is the foundation of your investor package. However, most entrepreneurs are too busy with other priorities – such as developing products, finding customers, and recruiting a team – to prepare a compelling business plan.
Wise Business Plans™ specializes in creating professionally written business plans for small business owners. Your business plan is custom written by accomplished MBA writers, researchers, and financial modelers, and graphically designed by experts. In a society where service is lacking, Wise Business Plans delivers. It was a pleasant. A service company business plan can provide the owner-manager or prospective owner-manager of a service firm with a pathway to profit. This guide is designed to help an owner-manager in drawing up a business plan.