Checked your business plan? Why is this essential?

Whether you want to start a sole proprietorship, a general partnership, or a public or private limited company, a flying start of your company stands or falls with a watertight business plan. Before you can go to the Chamber of Commerce, it is, therefore, necessary to have a good business plan. Of course, you can have the business plan written by an external specialist. However, many entrepreneurs like to make their own business plans. In that case, it is wise to have it checked thoroughly. We explain below why this is important.

A business plan specialist pays attention to coherence and logic.

You usually do not write a business plan just for yourself. Especially when you hope to attract external financing, it is important to have a rock-solid business plan. A specialist can assess and improve your plan’s structure so that the coherence and logic of your plans, as well as the conditions and forecasts, are better reflected. During a check, it is assessed whether you describe everything correctly and logically and whether your ambition comes out well. Making the right connections and drawing the right conclusions is crucial to convince investors. You can, of course, also have the business plan written by business plan consultants.

Are the stated business goals achievable?

You don’t just write a business plan with investors in mind; a business plan also provides the much-needed foundation for a profitable organization. In addition, an external party can better assess whether your ideas in the field of finance, strategy, personnel, and marketing are realistic. In other words: a specialist can check for you whether you set achievable business goals.

Is the financial analysis and revenue model correct?

In connection with this, a correct financial analysis is of vital importance. Is your revenue model correct, and is the substantiation correct? Unless you are an expert in this area, it is extremely difficult to assess whether your financial plans are feasible properly. A  check of your business plan by an external party ensures that any ambiguities or impossibilities are brought to your attention.

Two see more than one.

Finally, the age-old proverb ‘two see more than one’ also applies to the business plan. Even if you are well versed, it is not unwise to have a specialist take a look. When you are intensively involved in setting up your company and writing plans, it is almost impossible not to overlook something. You are often so ‘in the dust’ that it is difficult to look at your plan objectively from a distance. An inspection by an external specialist is therefore always advisable so that you do not overlook important matters.

Would you like to have your business plan checked by a specialist?

Would you like to have your business plan checked by the best business plan consultants? Maven Business Plans is happy to assist you.