When starting a small business in the UK, a business plan is one of the most crucial documents a business owner can possess.
A properly written business plan will tell you A LOT about your business model, the market, what you need and what you lack. As a true blueprint to the success of your business, it is one of the most recommended documents to have when starting up.
There are many ways to create that “perfect business plan”; consider the methods below:
- Write the plan yourself
Take 6 months to a year or more to carefully plan out every single detail of the business model. Think of everything that could potentially go wrong and plan for it.
- Pay somebody else to do it for you.
You might not be the best at writing a business plan or you may not know what to include and what to keep out, so paying someone might be the easiest way out. A typical professional business plan will cost you between £1,500 to £3,000 and above.
- Use a free template
Hmm, this one sounds the cheapest and probably the best way to go? Right…?
Well, depending on what you want to do with the business, this could be it, or it could be the worst decision ever made for your business.
If you’re just writing a plan for yourself, just so you know what to do and what not to do, a template may be good enough.
However, if you are looking for funding or to take your business to the next level, you probably want a more professional plan.
With so many options to consider, what is the quickest way, the cheapest way and one that will provide you and your business with results?
The Business Plan Builder Tool
This tool, provided by UK Startups, has been rated as one of the most user-friendly business plan tools for multiple years in a row. With so many business plan creation tools out there, this means a lot – or at least it should to you if you’re ready to start a plan of your own.
The Business Plan Builder Tool takes the best of all of the above 3 options and simplifies the process.
The tool takes you step by step through the business plan writing process.
1) It allows you to answer a number of questions which will ultimately populate into a customised business plan.
This means all of the questions that you answer will formulate a plan that you can move forward with. A very simple step by step process to get this done will save you months of time as the Business Plan Builder Tool allows you to do all of this in one sitting.
You are not alone as you develop your business plan, with 24/7 access to experts who can help you and guide you through the vital questions of the business plan.
If something is unclear or if you’re stuck and don’t know what to write, you have access to the experts who have done this a thousand times and have been successful in various industries – these are experts that you can rely on and trust to help you improve your plan and develop your ideas.
2) You can pay a small fee to have a professional rewrite your work
Paying a business plan writer £1,500 to £3,000 is a large investment, especially when starting out – as these are funds that you could invest into other aspects of your business. The Business Plan Builder Tool, along with the experts available to help review your work, can create a professional plan for a fraction of the price of having somebody else write it for you.
With the right tools and support, creating your own business plan should be a rewarding learning experience that further develops your understanding of your own business.
In most cases, you as the business owner should be the one to write your business plan, answer the vital questions and bring the idea from your mind onto paper. It can be difficult and redundant to communicate your plan to a “professional” just to have them write it out for you.
With the Business Plan Builder Tool, you are the one writing the plan, you are the one getting those great ideas out on paper and, with expert advice, this is the best way to create a truly one of a kind business plan.
Without having to worry about the plan sounding professional at this stage, or making it look good, or worrying about spelling mistakes – this will help you focus on the idea behind it while you let the rewrite team fix it up for you for a small fee.
In the end, you have a quick and easy business plan that explains your entire business model which you ultimately put together yourself with your own ideas, your own thoughts, and developed a professional plan, at a fraction of the cost.
Those funds saved could now be used towards other startup costs instead!
To get started, simply use the Business Plan Builder Tool and work with an expert here at UK Startups to get the support you need throughout the process.