Tread Carefully When Hiring a Business Plan Writer

Before reviewing the positive and negative aspects of hiring a professional business plan writer, you should consider the purpose of your business plan. If you are writing a business plan for your own

use, it is most likely one that you can develop by yourself, with some sample plans to guide you. However, if you are seeking more than half a million dollars in funding and are planning to share the plan with venture capital firms and angel investors, you might consider hiring someone to write the plan or at least a consultant to work with you as you write the plan.

There are two schools of thought on hiring someone to write a business plan for you, which is the basis for the pros and cons listed here. In addition, to help you with your decision, read Professional Help in Writing Your Business Plan.

Pros:

Will take an objective approach and not be guided by enthusiasm

Can save you hundreds of hours of time and research

Will know what needs to be included and can add valuable ideas

Has experience at writing in a manner with which investors are familiar

Will get it done in a set time frame and not extend the planning and writing process (as you might)