Do I really need a business plan?

We have found that when entrepreneurs dedicate their time to planning their business, not only do they save money by avoiding mistakes, they are also more likely to succeed. A good business plan requires the entrepreneur to address all the challenges he or she will face and visualize exactly how he or she will achieve his or her goal. Through this process, the entrepreneur will improve his or her understanding of the opportunity ahead and better prepare him or herself for success. This is why banks and investors almost always require the entrepreneur to develop a detailed and professional business plan.

Why can’t I write a business plan myself?

Even if you have an outstanding business background, it can take months to process relevant market research, model your financial projections and synthesize all your data to complete an impactful business plan. It’s much more effective for you to focus on developing your business while leveraging outside experts to write an efficient business plan and gain unbiased perspective into your business. By using The Plan Writers, we will identify new opportunities and challenges for which you can prepare. Finally, we subscribe to top dollar academic literature to which you would most likely not be privy. The research reports alone are usually worth more than the business plan you are paying for!

Who are the writers and what are everyone’s qualifications?

We spend a tremendous amount of time head-hunting quality writers that meet our standards and fit into our company culture. Any writer that is on our payroll will have an MBA and/or at least 5 years of professional work experience. This is to ensure you have the most knowledgeable business plan writing service for your business.

Have you worked in our industry?

There will most likely be someone on our team that has prior business experience in your industry. Chances are, we probably have already written a business plan similar to your business. Does this mean that we ever recycle material? No! We not only personalize every business plan, but you will also be able to leverage all the best practices and trends we’ve discovered. The bottom line is that we all come from diverse backgrounds and are passionate about working through different business models.

What’s the success rate with your business plans?

We often time get asked this question and have to set the proper expectations. As writers, we absorb, guide, and convey your vision to help guide your success. Ultimately, it is up to you to recognize if you have the resources, expertise, and determination to accomplish your goal. An investor or bank may not fund your business plan. However, we can promise you that it will never be rejected because of us.

Start-Ups in the Sharing Economy

admin1

Jul 28, 2014 10:30:08 AM

In 2011, Airbnb reached a milestone: its one millionth listing booking. It was a clear sign that the sharing economy had been embraced by people all over the world. Today, three years later, it’s evident that the sharing economy is here to stay and that the Airbnb model can work in other sectors. Boats, office space, parking spots, and bicycles are just a few things available to rent via a peer-to-peer sharing platform, with more niches likely to spring up over the next year.

Do you have an idea in mind for the next great sharing platform? If so, here are a few reasons why working with a professional business plan writer is a must if you hope to get your idea off the ground.

Funding

Despite not being a brick and mortar operation, launching an Airbnb-style business requires plenty of capital. Implementing a fully functional, scalable web-based solution doesn’t come cheap. There are bandwidth costs, data storage expenses, design and development costs, and domain registration fees, just to name a few. Add to that marketing expenses, legal counsel, and mobile app development, and the first year in business could cost six to seven figures.

That’s why many sharing economy businesses seek out investors. Airbnb, for instance, raised $7.2 million is Series A funding from private venture capitalist firms in 2010. So if you’re looking to raise capital, be prepared to showcase your vision and strategy with a professionally written investor business plan.

Competition

While Airbnb started out by competing mostly with hotels, motels, and hostels, the company now faces much more direct competition in the form of imitators. Roomarama, for example, was launched shortly after Airbnb. Meanwhile Park Circa, ParkatmyHouse, and ParkShare all offer the same service.

Simply put, competition in the peer-to-peer sharing space has never been more direct. By working with professional consultants at a business plan writing company, you’ll have access to industry-leading market research. This will allow you to fine-tune your strategic roadmap in the face of direct competition.

Partnerships

Partnerships are important to all businesses, but particularly so for businesses in the sharing economy. The grassroots model of the sharing economy often relies on partnering to enhance business. For instance, peer-to-peer boat rental marketplace GetMyBoat has partnered with XINSURANCE. This way, users have simple, one-click insurance to go along with their boat rental, while owners and renters both have peace of mind knowing that they’re insured against disasters.

Without a business plan in hand, companies are more likely to pass up your offer of collaborating simply on the basis that you might not be entirely prepared. If you plan on forming lasting partnerships, having a carefully crafted strategic roadmap to share will help you secure the best partner for your business.

Business Plans

Start-Ups in the Sharing Economy