Archive for

Work From Home – Writing Business Plans

Before I was introduced to writing web content, I made a part-time income writing grants and business plans. My chance meeting with a state division of vocational rehabilitation counselor offered me a steady supply of customers. His clients needed help applying for grants to fund their self-employment start-up ventures. A narrative style business plan with three years financial projections would need to be written.

It helps to have the knack to think like an entrepreneur. Creating in your own mind a mental picture simply from listening as a person tells you about their dream or passion is a unique talent. You also need to embrace the talent to communicate”…” no make that to educate.

Separate out the work that you need to do (write the plan) and give part of the work back to the client. This not only saves them money but takes some of the burden off of you. Coach your clients to do the research, locate facts and report to you the financial data portion of their plan. Give them deadlines and hold them tight or you could waste countless hours waiting.

I often had to make payment accommodations and to adjust my fees. With some practice, I got to where I could turn out a decent business plan outline in a few hours for about $250, my minimum fee. Writing the narrative after the outline was the easy part.

If you have some experience in the financial, marketing or administration of a business, you can write a decent business plan. There are a multitude of free business plan templates out there on the Internet for you to use. Or, go buy a decent software program for around $100.

The Internet also contains good tutorials on the essential components of a business plan. You can make your own outline template.

Don’t be tempted to just “fill in the blanks” on the template or software program. You need to tailor the plan to suit the needs of your client. I have yet to meet a client that knew what they wanted or wanted the right bits and pieces put into their plan.

When you get some experience you will likely begin to write business plans for which you can charge $2,000 – $3,000 per plan. This scope of work usually involves a banker, financial planner, accountant, CPA or similar professionals leaving you the business plan writer, to put it all together.

Start-up costs are minimal even if you don’t have your own computer. That is what libraries are for. Run an ad on a free classified site under services offered. Have some business cards made up. Go visit the local or state vocational rehabilitation counselor and the veteran’s service organizations (VFW) and make them aware of your services. You will get work. Start out with small projects until you are comfortable with the templates or software you are using.

Asking myself what I would have done differently, or what wisdom I can pass on to you; it would be to start with small projects, have a signed contract, insist on deadlines and take one-half of your fee upfront!

In my opinion, writing business plans is one of the best work from home job opportunities in today’s job market. There is such a need for this service as people who are unemployed or under employed strive to improve their situation.

Do a good job and those rehabilitation counselors will send you all the business you can handle!

Writing Business Plans That Work

Writing a startup business plan that works is not as hard as it may seem at first. You may hear dire statistics about the low rate of business plan acceptance by investors and lenders, but you must keep in mind that many fail to achieve funding because of entirely avoidable mistakes.

These are a couple of the common mistakes that can cause a business plan to miss out on funding:

Sections Fail to Fulfill Their Purpose

Every section of a business plan has a purpose, which you can read about in numerous articles and see demonstrated in sample plans and business plan templates. After reading over a section you have written, ask yourself the questions the section is meant to answer and be sure you were able to provide those answers in the text. If the answers were not given or could be clearer, there is room for improvement. For example, the marketing plan must answer the primary question “how will the business reach and win customers?” If a reader completes this section and still cannot tell how exactly you plan to do this, you have work to do.

Proofreading Errors

Don’t let your plan be discarded simply because of simple spelling or grammar errors. Simple errors like this will appear unprofessional and will not inspire confidence in your skill and thoughtfulness on the part of investors. When you feel the content is ready, read the plan multiple times through, then put it aside for a day and read it through again. Read word by word and try reading the plan aloud to be sure that the wording is natural. You must also have another person whose editing ability you trust read the plan with the express goal of finding typographical or grammatical errors that you’ve missed. If you take this kind of care you can be much more certain that your plan won’t fail for a reason as silly as a typo.

Make Internet Money Writing Business Plans

You can make Internet money doing a lot of things, but there is one that you may not be aware of and that is the fact that you can make some serious cash writing business plans.

A business plan is a plan that a business puts in place to outline their operations, the functions of their employees, and their goals. However, they sometimes have an issue putting all of those things into a form that people can understand. If it is impossible to understand, then the employees within the business may not know what is going on.

So this is where you come in.

You can take the goals, the business operations, and even the marketing plan and package it up very nice for the business. You are able to do this once you get enough information from the business that you are able to put together an effective business plan.

Now you have to do a good job on this for the fact that the business is going to be using this for many years to come. And there is also the fact it may need to be amended later on and the company that hires you will probably make the decision to go with you to make those amendments, especially if the business plan you have put together is one that has served them very well.

So go ahead and give it a try. You can really be doing a great service to a company by putting together a quality business plan. Plus, you never know when that company may refer you to another company needing a good business plan. So make sure you market yourself like there is no tomorrow.