As a business plan writer, you will create and produce a plan for businesses and startups who need persuasive, well thought out words to help them sell their idea. Typically, a formal business plan would be used to get financing for the specific business from banks, venture capitalists and investors.
Business plans are very complicated when they are being put together for a new business or someone trying to find investors or borrow money for a business. A business plan can make or break the venture if it does not have all the complete details of the business startup and the people who are part of the new business.
A business plan needs to precisely describe a company’s goals and financial projections. Without a well-written, thorough plan, chances of raising money or financing for a new business are greatly diminished.
How much you can make
This can be a highly profitable business and some business plan writers make anywhere up to $100,000 per year, or often $2,000 to $10,000 per business plan.
Working with larger startup companies looking for millions of dollars in financing is where the larger profits come in, because they typically have more money to invest into the planning phase. However, working with smaller startups can also be profitable, but with much smaller fees you would be able to charge.
This can be a very profitable business but you really need to have a good background in business development, financing and accounting. But just as important is being able to use your words to persuade the person reading the plan that it is worthy of investment or a loan. Understanding income projections and financial aspects of a business is a must.
Networking can also be a key to your success. If you are staying within your region, you need to make it clear who people turn to when they need a professional business plan put together. The ability to sell the benefits of using you and your services is a valuable asset.
However, there is also plenty of a software available to assist you in producing perfect business plans by answering questions and answers and allowing you to take a lack of knowledge in business development and turn it into a successful business plan business of your own.
What you need to begin
If you don’t have a background in business planning, you should dive into some business plan books and start making yourself familiar with the lingo. There is also business-planning software available that you can use to publish plans to get started and to use as guidance.