Professional Business Plans: Why Cutting Corners is a BAD idea

Many entrepreneurs, are full of ideas and dreams. These individuals are critical to the development and growth of our country. Unfortunately, many have great big ideas and little to no plans on how to bring them to fruition. Small U.S. businesses boast a high rate of failure due largely in part to this lack of planning. People tend to cut corners to save time and money. ALL this does is create headaches and more debt. Do things right the first time. Increase the rate of success of YOUR business with a thorough and effective business plan. Properly calculated and written business plans, often identify flaws and point out the need for adjustments.

Many start-up businesses need an infusion of outside monetary sources. Banks offer loan programs for such firms, many through the SBA or the U.S. Small Business Administration. Newsflash: one cannot just walk in and apply for a loan with a dream alone. Banks and the SBA both require thorough business plans. A standard SBA business plan can range from 30-50 pages. Detailed plans, often required, depending on your loan request and industry, range from 80-100 pages.

These plans need to be quite detailed and have many required sections. Financial projections for at least three years, sometimes five and above are required. Cash flow statements. Balance Sheets. Income Statements. Just to name a few parts to the daunting financial section.

In addition to the mathematical and projection portion of business plans, you will be required to WRITE. About your business. Your goals. Your background. Your detailed plans.

The bank and the SBA, both care about your ability to articulate thoughts, your grammar, and your sentence structure, even if you do not.

Do yourself a favor, call a professional.

Yes, it will cost money, as do all things worth having.

Your completed professional business plan, and the time and money it will save you in the interim and long run, will be well worth it.

Submitting a professionally developed business plan, will exponentially increase your chances of landing a small business loan.

And... even if you are self-funded, and do not require a loan; a professional business plan IS extremely important. Prior to infusing your new business venture with YOUR hard earned money, you need a business plan.

Maness Consulting Group offers many services to assist in your firm's growth. Contact us now for a reasonable quote on a professionally developed and completed business plan. We combine impeccable writing skills with impressive business knowledge and experience to create a detailed and valuable plan for you.

www.manessconsulting.com

lmaness@manessconsulting.com

(813) 994-4737