May 21, 2010, Newsletter Issue #262: Business Plans: Reasons To Hire a Consultant

Tip of the Week

Whether you are seeking outside funding or not, you need a business plan. But the question is, should you write it yourself or hire a consultant to help you with it. Here are some reasons you should hire a consultant to help you out.

* You don't have the time necessary to pull together a good plan. You can delegate at least the first draft or two to a professional who can pull one together much more quickly and efficiently than you can.

* You are seeking outside funding. There are professionals who are trained and experienced in attracting and securing funding from banks and investors. If this is the reason you are writing your business plan, having the feedback from a professional business plan developer can make a big difference.

* You've written up an initial plan, but something isn't working. Because you are so close to your business, you may not be able to see its weak points. A consultant can help you identify and overcome the ones you find.

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