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Making a Risk Management Plan for Your Business
It’s impossible to eliminate all business risk. Therefore, it’s essential for having a plan for its management. You’ll be developing one covering compliance, environmental, financial, operational and reputation risk management. These guidelines are for making a risk management plan for your business.
Developing Your Executive Summary
When you start the risk management plan with an executive summary, you’re breaking apart what it will be compromised of into easy to understand chunks. Even though this summary is the project’s high-level overview, the goal is describing the risk management plan’s approach and scope. In doing so, you’re informing all stakeholders regarding what to expect when they’re reviewing these plans so that they can set their expectations appropriately.
Who Are the Stakeholders and What Potential Problems Need Identifying?
During this phase of making the risk management plan, you’re going to need to have a team meeting. Every member of the team must be vocal regarding what they believe could be potential problems or risks. Stakeholders should also be involved in this meeting as well to help you collect ideas regarding what could become a potential risk. All who are participating should look at past projects, what went wrong, what is going wrong in current projects and what everyone hopes to achieve from what they learned from these experiences. During this session, you’ll be creating a sample risk management plan that begins to outline risk management standards and risk management strategies.
Evaluate the Potential Risks Identified
A myriad of internal and external sources can pose as risks including commercial, management and technical, for example. When you’re identifying what these potential risks are and have your list complete, the next step is organizing it according to importance and likelihood. Categorize each risk according to how it could impact your project. For example, does the risk threaten to throw off timelines or budgets? Using a risk breakdown structure is an effective way to help ensure all potential risks are effectively categorized and considered. Use of this risk management plan template keeps everything organized and paints a clear picture of everything you’re identifying.
Assign Ownership and Create Responses
It’s essential to ensure a team member is overseeing each potential risk. That way, they can jump into action should an issue occur. Those who are assigned a risk, as well as the project manager, should work as a team to develop responses before problems arise. That way, if there are issues, the person overseeing the risk can refer to the response that was predetermined.
Have a System for Monitoring
Having effective risk management companies plans includes having a system for monitoring. It’s not wise to develop a security risk management or compliance risk management plan, for example, without having a system for monitoring. What this means is there’s a system for monitoring in place to ensure risk doesn’t occur until the project is finished. In doing so, you’re ensuring no new risks will potentially surface. If one does, like during the IT risk management process, for example, your team will know how to react.
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Business Plan Consultant Job Description Template
A business plan consultant provides a financial, marketing, and operational roadmap to align stakeholders and help your business achieve its goals.
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Business plans are the North Star for early-stage businesses, used as a reference point when making major business decisions, collateral when securing a new fundraising round, and as an introduction to the business and its goals when recruiting new key hires.
While business plan templates can be found online, these ready-made guides can drive entrepreneurs and their businesses away from what they actually need to achieve. A top business plan consultant will construct a custom plan that takes into account the specifics of your business, or review and pressure-test an existing plan while taking into account the latest industry trends.
Business Plan Consultant - Job Description and Ad Template
Copy this template, and modify it as your own:
Company Introduction
{{Write a short and catchy paragraph about your company. Provide information about the company’s culture, perks, and benefits. Mention office hours, remote working possibilities, and anything else that makes your company interesting.}}
Job Description
A business plan consultant provides strategic direction by {{creating or methodically pressure-testing and refining}} a company’s business plan, using an understanding of the company’s core operations, competitive advantages, and goals to provide direction on how to structure, run, and grow the business.
The ideal candidate will have some experience in running or advising early stage businesses, combining the analytical abilities of a CFA charterholder with the broad vision of a CEO to provide a roadmap to growth.
Responsibilities
- Develop an understanding of the existing business (including products/services, customers, competitors, the overall market and trends) through careful research and analysis
- Understand how major stakeholders are thinking about near-term growth, generally and in reference to specific growth initiatives, through interviews with these stakeholders
- Build a detailed financial analysis showing all of the assumptions, drivers, and financial statements for the next 3 - 5 years, accounting for a conservative, base, and aggressive case
- Conduct a total addressable market analysis for the business’ core market, assess major industry trends affecting the business, and describe what impact these trends may have on the business
- Review research reports and conduct primary research to hone in on ideal buyer type and assess customer demand for the company’s existing products and services
- Map out direct and indirect competitors, including potential future competitors, for existing and potential revenue channels
- Define a go-to-market strategy, including testing out potential marketing channels (if applicable)
- Review compensation plans and organizational structure to align incentives and ensure the health of the organization in the long-run
Skills and Qualifications
- Bachelor’s degree in finance, operations, research, statistics, math, economics, or related analytical discipline preferred
- Financial management experience with planning, forecasting, and business analysis; prior experience as an advisor to or executive at an early-stage company a plus
- Advanced Excel proficiency. 3+ years of practical experience of using Excel for building and maintaining financial models
- Proficiency with analytical and presentation tools {{(Excel pivot tables, SQL queries, graphing, PowerPoint)}}
- Experience within {{preferred industry}}
- A natural curiosity and a “big picture” mentality
- Experience conducting market research, including analyzing and synthesizing research reports and conducting primary research
- An understanding of marketing channels and go-to-market strategies
- Excellent spoken and written communication; comfort reaching out to and interviewing the company’s management, employees, and customer base
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Business Plan Consultants: Who They Are And How they Create Value
How to hire a great business plan consultant.
Business plan consultants help define the long- and short-term goals of a business and draw up an action plan to achieve these goals. This guide provides a breakdown of the key skills and attributes you'll want in a business plan consultant.
Hire a Top Business Plan Consultant Now
Toptal is a marketplace for top business plan consultants and experts. Top companies and start-ups hire freelance business plan consultants from Toptal for their mission critical projects.
Aleksey N. Krylov, CFA
Freelance Business Plan Consultant
Aleksey served in CFO roles of public and VC-backed private companies. As investor, he contributed to 25+ private equity deals that have deployed $500 million. He has advised 50+ clients on raising $1.6 billion in equity in the healthcare, consumer, media, software, energy, and industrial sectors. He enjoys working with officers of early stage and mature small-cap firms. He freelances because it exposes him to a wide range of companies.
Josh Chapman
Josh is an investment banker turned VC who lives in Denver, CO. At Morgan Stanley, he covered the world's top hedge funds and sold over $5 billion in IPOs for companies like Alibaba, LendingClub, GrubHub, and more. He also has experience in M&A, startup fundraising, and as a founder. Currently, Josh is one of the managing partners of Konvoy Ventures, a VC firm focused on esports and video gaming.
Gary Calnan
Gary is a serial entrepreneur with CEO and CFO experience. Before co-founding an aerospace startup in 2017, Gary was the director of finance at a $120 million revenue SaaS company, where he was responsible for the financial management of multiple departments and supported three mergers. Gary leverages his unique blend of finance and entrepreneurial experience across early and growth-stage businesses to add value to Toptal clients.
Marc Howland
Marc is a Harvard Business School graduate with honors, a former investment banker from Goldman Sachs, and private equity investor at The Carlyle Group. He has helped execute more than $70 billion worth of global M&A and financing transactions in the tech, media, telecom, infrastructure and sports facility finance markets. Marc enjoys freelancing to contribute his knowledge and skills to others while working on his own early-stage ventures.
Nirvikar Jain
Nirvikar has helped raise $20+ billion of capital and built lines of business as an experienced CEO, banker, and strategist at ICICI, Citi, Bank of America, and FAB. An entrepreneur, Nirvikar is an active board member for startup companies, advising on strategic initiatives and capital raising. As a freelancer, he enjoys leveraging his background as an entrepreneur and executive to drive profitable growth at companies from various industries.
Travis Borden
Travis was part of the founding team at Moelis & Co., a $2.5 billion global investment bank, and has 18 years of experience advising clients on $40+ billion of M&A, capital raising, and restructuring transactions. In 2015, he founded a socially responsible advisory firm, Keene Advisors, named "Best for the World" 2017-2019. Travis joined Toptal to expand his network and share his expertise advising companies from startups to Fortune 500 firms.
Andy Vietor
Andy was recognized twice as an All-Star Analyst by the Wall Street Journal. He has been a strategist, operating executive, financier, and top-ranked industry analyst. As a freelancer, Andy advises a range of companies—from early-stage and middle-market to large caps—delivering customized solutions including effective investor presentations, dynamic financial models, and project finance structuring.
Bertrand Deleuse
Bertrand is a 25-year finance veteran with a true 360 experience, honed as an investment banker, venture advisor, project developer, CFO, and expert witness consultant in international arbitrations. He has advised and partnered on over 100 transactions and investment initiatives totaling over $16 billion. Bertrand is a seasoned problem solver and decision-maker with expert facilitation skills. Bertrand advises on M&A, corporate development, venture growth, project development, and financing.
Olivia Passoni
Olivia has over a decade of advisory experience, specializing in valuation, financial and business planning, M&A, capital raising, and due diligence. She has advised business owners globally on financial planning and strategy optimization during the fundraising and exit process. Olivia also works with investors for portfolio valuation work, the development of fund models, and due diligence. She is a Certified Valuation Analyst and is specialized in early-stage valuations.
Andrew Grigolyunovich, CFA, CFM
Andrew ranked fifth at the 2017 Financial Modeling World Championships. He served as CFO for Latvia’s leading retailer for seven years, navigating the firm through the global financial crisis and executing a turnaround that led to profitability and international expansion. He went on to freelance consulting, growing his client base to 250+ in 17 countries. Andrew joined Toptal to work with clients on FP&A, financial modeling, and M&A.
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Business Plans, Executive Summaries, and Pitch Decks
Home » Services » Business Plan Consulting
Looking for a First-Class Business Plan Consultant?
The business plan is the foundation of your investor package. However, most entrepreneurs are too busy with other priorities – such as developing products, finding customers, and recruiting a team – to prepare a compelling business plan.
Since 2001, Cayenne Consulting has helped more than 2,400 entrepreneurs develop business plans that helped to raise over $4.3 billion in funding. You can view our business plan samples to see why entrepreneurs choose us.
Most of our consultants have hands-on experience starting and growing their own businesses.
Let us help you.
Look Inside Some of Our Business Plans!
Investors & Clients Praise Our Business Plans
I probably see five to ten business plans a week. Frankly, most aren’t ready for the big leagues. Cayenne’s work, on the other hand, is consistently excellent. They figured out the formula. They make it easier for investors to quickly see the value in a company. Now that startup activity is picking up, investors have more to choose from. It’s more important than ever for a business plan to make the right first impression. — Harry George , Solstice Capital (U.S. VC Firm)
Consultants almost never do a good job on this kind of work because they don’t take the time to really understand the business. Cayenne was exactly the opposite. They were like a member of the management team. When the plan was done, I circulated it among the other Partners here at Veritas as an example of what a business plan should look like. — Gideon Tolkowsky , Veritas Venture Partners (Israeli VC Firm)
What Do You Really Need… A business plan WRITER… Or a true business plan STRATEGIST?
You found us because you need help with your business plan. And you’re wondering what sets business plan consultants like us apart from an ordinary “business plan writing service.”
Here are the key differences:
A Business Plan Writer…
A business plan writer expects you to have all the answers.
They will ask you a series of questions and type your answers into some off-the-shelf business plan software.
This is how most business plan companies work – and this is how they keep their fees so low.
Hey, if you know how to type and you already know all the answers, you might as well buy a copy of Business Plan Pro and write it yourself.
A Business Plan Strategic Consultant…
A business plan consultant is someone who will help refine your ideas and strategies, and mold them into a viable business.
We challenge your assumptions, fill gaps in your thinking, do lots of independent research and analysis , and help formulate business models, tactics, and strategies.
We help crystalize your long-term competitive differentiation, identify target markets, and plan for business scalability.
And then we help you express it in a compelling package – whether it’s a business plan, pitch deck , PPM (working with your attorney), financial forecast , Business Model Canvas , elevator pitch, or executive summary – that is most appropriate for your specific situation and target audience.
Business Plan Consulting Within Your Budget
We don’t have pre-set prices for our work. Every project is different. We need to interview you to understand how well you have developed your vision, and see what existing materials and research are available. We also need to agree on who is going to be responsible for what.
Depending on your needs and budget, we will then develop a proposal somewhere along this spectrum:
Full Service Business Plan Consulting
We will do the “heavy lifting” so you can focus on other priorities: developing your product, finding customers, and building your team.
We can help you optimize your strategy; research and analyze your market and competition; and create a clear and compelling plan to articulate your vision.
We don’t use cookie-cutter templates – we develop your plans from scratch to ensure you tell your unique story in the most compelling way possible.
Guided Business Planning
If you are on a more limited budget and have the time to conduct a majority of the research and writing, we can:
- Guide and prioritize your efforts;
- Supply templates and other helpful materials;
- Help you avoid common business planning mistakes ; and
- Critique, edit, and format your drafts.
Note that this is not for the faint of heart. This is a lot of work and will require a full-time commitment for weeks or months. Many entrepreneurs feel it makes more sense to focus on building the business.
Cayenne Consulting also serves large enterprises considering new initiatives as well as rapidly scaling businesses seeking large, later-round VC capital raises.
Tailoring Your Business Plan to a Specific Purpose
A business plan is not a one-size-fits-all document: it should achieve a specific purpose. We have experience in preparing plans for:
- Family & Friends Seed Funding : You are pitching to people who already know and trust you, so you need a simple document that explains your business concept and explains the risks (namely, that your investors can lose their investment). A short, simple plan or pitch deck is often sufficient in this case.
- Angel Investor and Venture Capital Funding : You are pitching to wealthier, more sophisticated investors – either individuals, groups, or funds. They don’t know you, and there are many other entrepreneurs competing for their investment dollars. Your pitch deck and/or executive summary is often the first thing they look at. While they may not request a business plan until getting into due diligence, every detail of your business plan should be committed to memory whenever you have a conversation with these investors.
- Bank Funding : You are seeking a loan – typically one guaranteed by the SBA – from a local bank to finance asset purchases for a brick-and-mortar business. Most banks will ask for a basic plan and financial forecast if you haven’t been in business for at least a few years.
- Landlords : Many commercial landlords want to see a business plan so that they can see how a new tenant in a retail location plans to become a success. They don’t want to invest in a lot of tenant improvements, only to have the space vacant again in a year or two.
- Franchisee Business Plan : Many franchisors require prospective franchisees to submit a business plan to prove that they understand the business concept and the local market.
- Immigration Visa Business Plans : The U.S. Citizenship and Immigration Services (USCIS) department requires a business plan from applicants for the E-2 Treaty Investor Visa , the EB-5 Immigrant Investor Program Visa , the L-1 Intracompany Transferee Visa , the B-1 Business Visitor Visa, and the E-1 Treaty Trader Visa . In addition to the content found in a traditional plan, the plan must explain how the applicant intends to fulfill the requirements of the relevant visa program.
- Partnership Business Plan : When an early-stage venture seeks a partnership with a more established business, it will need to produce a business plan or partnership proposal explaining how the relationship will work: the objectives, the opportunity, the roles and responsibilities of the parties, the implementation plan, potential risks and rewards, and a general argument for why the more established company is better off partnering with you than not.
- Enterprise Level Plans : Large, established firms often develop business plans as they consider new initiatives.
What Are the Elements of a Business Plan?
Contrary to widespread belief, there is no “right” way to structure a business plan; in fact, they can take many different forms . The important thing is to cover the Ten Big Questions as part of a compelling story.
Having said that, here is a typical outline:
- Executive Summary : A brief (typically 1-2 page) overview of your plan. If your executive summary doesn’t captivate your audience, you won’t get very far.
- Opportunity : What need do you plan to address? It had better be a large opportunity that many customers will be willing to give you their money in exchange for your offering.
- Solution : A description of how your product or service will fulfill the need.
- Business Model : What is your customer value proposition? How do you intend to make money? How will you create customer value and how will you deliver it your customers?
- Market : Who is the customer, what are their characteristics, how many of them are there, and how many can you reach before your competitors do? What is your total available market ?
- Marketing : How will you get your product in front of your customer, and how do you persuade them to buy it?
- Competition : Who else is working to fulfill the need, either directly or indirectly?
- Competitive Advantages : What competitive advantages do you have that will allow you to get – and stay – ahead of them? Do you have some unique, protectable intellectual property?
- Team : What qualifies you and your team to pull this off?
- Traction : What milestones have you already achieved?
- Operating Plan : What are the nuts-and-bolts of your business?
- Risks : What can go wrong with your plan , and how can you mitigate these risks?
- Financial Plan : What financial resources do you require, and how do you intend to use the money? What are the key assumptions underlying your financial forecast? Is there a viable exit plan?
In practice, some of these sections may be omitted or combined for brevity – for example, Market and Marketing are often combined, as are Competition and Competitive Advantages.
Business plans for unique industries may require additional sections. For example, biotech and medical device plans require sections describing the regulatory pathway (clinical trials and FDA clearance), reimbursement issues, and other issues.
Our Business Planning Process
Our business plan consultants each have their unique approach to how they work with clients. They will describe their approach during your initial discussions with them so that you understand what to expect as we progress.
Having said that, here is an example of how a business planning engagement might proceed:
- Initial discussion(s) to understand your needs.
- Review your existing materials (draft business plans, financials, market research, competitor research, etc.).
- Follow-up discussion to agree on the scope and fees for the engagement.
- Preparation and execution of an engagement agreement.
- Several in-depth interviews to better understand the details, develop strategies, and agree on all major elements of the Business Plan and Financial Forecast.
- Conduct additional research and formulate additional strategy and tactics, as needed.
- Draft a Pitch Deck (Investor Presentation) and review it with you to ensure that all parties agree on the big picture. Note that the Pitch Deck will have many gaps at this point; we will use placeholders and incorporate facts, figures, and financial projections as they become available.
- Draft the Executive Summary and review it with you to ensure that we all agree on the next level of detail.
- Prepare an outline of the Business Plan.
- Fill in details of the Business Plan. Obtain and incorporate your feedback as we go.
- Customize our Financial Forecast for your business. Populate assumptions with rough, educated guesses. Work with you to refine the assumptions. Teach you how to use the model so that you can explain it to your audience with confidence.
- Finalize all deliverables, including editorial review and additional graphic design/layout work if needed.
- Coach you on the best way to deliver the Pitch Deck and on how to address questions.
- Provide ongoing support, including making minor updates to the deliverables at no additional charge for up to 90 days following the delivery of final documents.
Of course, we understand that every client has unique requirements and we will tailor our approach to meet your needs.
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What Do Business Planning Consultants Do?
Business planning consultants provide a valuable service to those who wish to embark on a business venture . They also work with those who have already started a business and wish to structure the business in a manner that will ensure success. One of the functions provided by business planning consultants is the writing of professional business plans on behalf of their clients. When they are hired by those in business, they will help such people organize their ideas by constructing a viable business plan. This business plan will be based on the information provided by the clients as well as on the research and knowledge of the business planning consultants.
Business planning consultants have the responsibility of conducting extensive research, supported by their previous knowledge and experience, about the necessities needed to embark on a business venture. They compile industry reports relating to the business, conduct feasibility studies, and also conduct studies related to the potential customers who will patronize the business. The business planning consultants also analyze consumer trends and compile reports on legislation and regulations that might affect the business.
Another area where the business planning consultants assist their clients is the area of potential and existing competition. If a client is planning to open a coffee shop on street A, the consultants will find out if there are other coffee shops on street A or within the vicinity of street A. They will also find out the number of coffee shops on street A and what kind of service they provide. Then, the consultants will make recommendations to their clients based on the result of their findings. If there is already a coffee shop on street A, the business consultants could recommend that their clients include free Wi-Fi among their services as a means of attracting more customers.
Still using the example of the potential coffee shop, the business planning consultants will also find out the best location for siting a coffee shop. They know that coffee shops thrive in areas with a certain demographic that includes students and workers, often in close proximity to bookshops. Business planning consultants also assist their clients in calculating start-up costs, means of financing the project, and how profitable the business will be. They may assist their clients in sourcing for funds by preparing various financial documents that will present the clients in the best light to potential funders or lenders . Consultants may also help their clients devise business strategies that will help them stay ahead of the competition.
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Business Plan Consulting Services
Every entity requires a proper business plan to achieve its strategic goals and objectives. Whether a business is a budding start-up or a well known international business, they require an effective business plan to achieve their priorities. Business Plan Consulting is the process in which strategic advice is provided to a business on its goals and objectives. Business plan consulting services can be provided for any form of business
- Business Plan Consulting Services.
- Advice on different strategies used in a Business
- Business Plan Reporting
- End-to-End Support on your business strategies
What is Business Plan Consulting Services?
Business Plan Consulting is the process in which an external third-party consultant is engaged to provide strategic advice. The type of advice provided for a business will depend on the factors which affect the business. Business plan consulting services will be different for a start-up company. Similarly, the services offered by a consultant will be different for an established international organization. Depending on the type of business, the business plan will vary.
Types of Business Plan Consulting Services
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Preparing a business plan for a start-up is different from preparing a business plan for a multinational organization. A start-up is considered as a budding business. As per the Department for Promotion of Industry and Internal Trade (DPIIT), a start-up is defined as a business that is formed recently. If a business has not covered more than ten years from the date of inception, then it is called a start-up. As per this definition, if a company is less than ten years old, it is still a start-up.
Developing a business plan for a start-up would include the following:
- Developing the Business Plan for the Start-Up.
- Developing the goals of the start-up business.
- Choosing the form of entity which has to be incorporated for the start-up.
- Budgetary Analysis for the Start-up.
- Regulatory compliance with respective authorities for the start-up.
- Risk Framework and Mitigation for the Start-Up.
- Monitoring activities of the start-up after inception.
SME is an abbreviation for Small and Medium enterprises. SME's are organizations that have been in business for some years. However, business plan consulting services would be different for an SME when compared to a start-up.
Developing a business plan for an SME would cover the following:
- Change in Action Plan and Objectives of the SME.
- Strategic Advice on a crisis scenario.
- Funding Options for the SME.
- Advice on regulatory compliance.
Multi-National Companies
Multinational Companies are entities that are globally incorporated. These companies set a footprint in India to carry out business activities.
For a Multinational company, the main areas which the business plan will focus on:
- Diversification of services and new products.
- Refining the strategies of the multinational company.
- Expansion opportunities of the multinational business.
- Business Planning Continuation.
The role played by a Business Planning Consultant?
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A business planning consultant plays a major role in carrying out business plan consulting services. The business plan consulting firm should have an overview of the activities carried out by the business. Based on this, the firm can analyze the factors to develop a strategic business plan. In business plan consulting a consultant has the following responsibilities:
Developing a Strategic Plan for the Business
Business planning consulting services comprise developing a strategic plan for different types of business. Be it an entrepreneur or an established entity, the business planning consultant must develop strategic advice. A consultant can either get to know the business objectives by researching the company. Apart from this, the consultant can communicate with the business's key executives to understand their goals and objectives. Based on this, the consultant can draft the business plan to include key goals and parameters that the business has to achieve.
Specific Business Planning Activities
If the organization keeps a tight budget, the consultant can advise the business based on specific objectives. For example, a start-up may require specific advice on Human Resources. In such a case, the consultant can provide them with advice on human resource activities.
Tailoring the Business Plan
Business Plan consulting also comprises of tailoring the business plan to the main objectives and goals of a business. This can be achieved when the consultant understands the specific strategies of the business. The consultant is free is to give any advice on implementing such strategies. However, tailoring the business plan to achieve the objectives of the business is crucial.
A business plan consulting firm not only advises the organization on the business plan, but they also play a crucial role in mentoring the organization. When the business plan is implemented in an organization, the consultant’s role is to ensure that the organization achieves the goals and principles developed in the business plan. If there are potential issues, the business plan professional should come up with actions to mitigate any loss caused to the organization.
Budgetary Analysis
Planning is one of the primary activities carried out by a business plan consulting firm. The budgetary analysis is also developing as one of the main functions carried out by the business plan consulting firm. A budgetary analysis is understood as calculating the budget of a particular organization and drafting a business plan according to the business's needs. Through this, an organization can estimate the desired results of the business plan with a limited budget.
Benefits of Business Plan Consulting Services
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Expert Advice
Any organization be it a start-up, or an established multinational firm will require a business plan. Business plan consulting services provided to an organization would be from experienced professionals such as Chartered Accountants, Lawyers, and Company Secretaries. Your business will achieve all the strategic goals and objectives through streamlined advice from expert professionals. At Enterslice, you can rely on expert assistance from qualified professionals to develop your business plan.
Focused Approach
The approach provided by a business planning consulting firm would be straightforward. Following this approach would allow the organization to achieve all its objectives. At the same time, the organization can explore new areas of the business.
Having a business plan ready-made by a business plan consulting firm saves time. This option will be beneficial if the business or start-up wants immediate advice on business strategies. An organization using this would not have to waste unnecessary time recruiting in-house professionals to engage their business to achieve various strategies. Outsourcing business planning consulting services is one of the easiest ways for an organization.
Inexpensive
An organization can limit budgetary requirements for preparing a business plan. Apart from this implementing a business plan for the organization is cost-friendly. A business plan can be limited to specific goals and objectives of the business. Hence, an organization using a business plan consulting firm would save time and cost at the same time.
Challenges in Business Plan Consulting
There are several challenges in business plan consulting, which have considerably affected the organisation’s implementation strategies. The following are the challenges that affect business plan consulting:
Contradicting View Points
This comes as a potential challenge in developing a business plan. Once the business plan consulting firm develops a plan for the business, implementation is impossible due to contradicting viewpoints between the business executives and the business planning consulting firm. There are many instances where contradictory viewpoints affect the implementation of the business plan.
Technology Challenges
Technology advancements and digitization have disrupted how businesses operate. A business plan consulting firm has to be up to date with relevant technologies that disrupt the business environment. Without any form of knowledge, the business planning consultant would not be able to tailor the business's needs according to the changing market preferences. Digital technology factors such as Artificial Intelligence, Internet of Things (IoT), Machine Learning, and Big Data has disrupted the market. Hence the business plan consulting firm must match the needs of the evolving market to the organization.
Implementation
Implementation is a challenge for organizations as they are pressurized due to budgetary restrictions and other regulatory challenges.
Business Plan Consulting Services Offered by Enterslice
At Enterslice, we understand your business's needs and guide you with advice on implementing the business plan. Our advice comprises the following:
- Initially, we have a discussion to understand the needs and requirements of your business. We make sure to tailor specific advice according to the needs of your business.
- We would require reviewing specific documents and information about your business during our initial meeting. Our team of expert professionals would review the following information:
a) Financials of the organization.
b) Any Drafts related to a business plan.
c) Any other information which is beneficial for the implementation of the business plan.
- After having an initial discussion, we will negotiate the terms of engagement with your business.
- After this, we will start preparing the business plan according to the requirements of your business. The draft business plan which we execute will contain the following:
a) Introduction to Business.
b) Information on the executive summary.
c) Products of the Business.
d) Financial Projections.
e) Final Outlines of the business plan.
- In the last phase, we will provide you with a draft of the business plan. We will make the business plan according to inputs given by you; hence any changes will be made in the business plan if required.
Enterslice Advantage–Business Plan Consulting Services
- Enterslice is a recognized consultant in developing business plans for start-ups and multinational organizations.
- Experts at Enterslice have assisted organizations with business planning activities.
- We have multifaceted teams of professionals comprising Chartered Accountants, Business, and regulatory experts.
- We have extensive experience in transaction and business-related matters.
How to reach Enterslice for Global Expansion Advisory Services?
Fill the form, get a callback, submit document, track progress, get deliverables, frequently asked questions, what is the main role played by a business planning consultant.
A business planning consultant has the following roles and responsibilities:
• Advice on the strategy adopted by the business.
• Develop a plan of action for the business.
• Implement the plan of action for the business..
• Develop Risk Analysis and Mitigation.
Is business planning essential for all organizations?
Every organization requires a business plan. For example, a start-up would have to draft a business plan to secure loans or seed finance options from a bank. Similarly, a multinational organization would need a business plan to diversify its product segments. Hence business plans are essential for all organizations.
What are the main stages of business plan consulting?
The main stages of business plan consulting are:
• Collecting initial information.
• Developing Analysis of Budget.
• Preparing a Draft Business Plan.
• Execution of the Plan into Action.
What are the advantages of using Enterslice as a Business planning consultant?
Using Enterslice as a business planning consultant would provide you with the following benefits:
• An expert team of professionals.
• 24*7 customer support.
• Post Monitoring Advice.
What are the advantages of using business plan consulting services?
An organization using a business plan would have the following advantages:
• Expert Advice.
• Not Time Consuming and Inexpensive.
• Feedback and Mentoring the business.
• Constant Support.
Is business planning required for all levels in an organization?
Yes, business planning is required for all levels in an organization. An organization may use business planning services just to change the major goals and objectives of a particular department. This may not affect the overall organization; however, the planning services will improve the business's profits. Therefore business planning is required for all levels in an organization.
How long will it take to implement a Business plan?
Implementing a business plan would depend on various factors. Some of these factors are within the control of the organization. In comparison, other factors are not within the control of the organization. A business plan for a start-up would take a longer time to implement when compared to a business plan for a well established organization.
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What Does a Strategic Planning Consultant Do
A strategic planning consultant helps organizations define and develop future business strategies to meet their long-term goals. It’s their job to research market trends and future developments that might affect this strategy. Other duties involve interviewing planning team members, analyzing the operating environment, studying major company competitors, developing potential future scenarios, and creating detailed reports. The exact responsibilities of a strategic planning consultant vary widely depending on their employer and their clients.
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Your Expert Business Plan Consultant
Since 1999, growthink has created thousands of business plans and strategic plans for clients who have gone on to achieve tremendous success..
Call Us Today at:
(800) 216 – 3710
What Makes Growthink Unique
Customized Business Plans
We work closely with you to understand and improve your business model, target market, plans for securing funding and increasing sales, and other aspects of your unique vision to build a custom business plan and financial plan that will help you reach your company goals.
Experienced Consultants
Growthink’s business planning team has world-class academic, entrepreneurial, and financial backgrounds, including experience starting, financing, and growing businesses and working as angel, venture capital, and private equity investors.
Vast Client Experience
We have developed business plans for clients worldwide in hundreds of industries across every organizational type - startups, small businesses, mid-sized companies, large corporations, nonprofit and government organizations.
Better Strategic Planning
We don't just document your business ideas on paper. Our business plan consultants conduct market research and collaborate with you to create strategies for you to succeed in both today's environment and over the long term.
$5+ Billion in Funding Raised
We are in constant contact with investors, lenders, and other funding sources. This enables our consultants to develop business plans and pitch decks that raise capital. Growthink clients have raised billions of dollars in debt and equity funding.
Expert Market Research
We have access to several market research databases to help you better understand the emerging trends in your industry and better identify your target markets, potential risks, and growth opportunities to develop a truly comprehensive business strategy.
What the Media Says
Speak With a Growthink Business Plan Consultant
Complete the form, or call us at:
(800) 216-3710
Who we serve, mid-sized to larger companies, early stage entrepreneurs, fortune 500 companies, small businesses, nonprofit and government, representative clients.
What Our Clients Say
Our Founders
Dave Lavinsky
Dave is a serial entrepreneur, renowned professional business plan consultant and the author of the Amazon #1 Best Seller in Entrepreneurship “ Start at the End: How Companies Can Grow Bigger and Faster by Reversing Their Business Plan ,” published by Wiley. Dave is a contributor for Enterpreneur.com and Forbes.com. BusinessWeek went so far as to call Dave ‘The Business Plan Expert.’ Dave has an MBA from the Anderson School of Management at UCLA and a Bachelor’s degree from the University of Virginia.
Need Help With Your Business Plan?
Call Us Today
(800) 216 - 3710
What it’s like to work with a professional business plan consultant.
There are several business plan consultants with whom you can work. However, most aren’t very good.
Remember, you need a business plan that raises funding for your company and will help you build a thriving business. While anyone can jot down your idea on paper, most will not do what a professional business consultant can well.
You may want to think of it this way. If you were to run a Super Bowl ad for your company, would you hire a marketing firm with a track record of excellent results with Super Bowl ads? One that had unique expertise in understanding your target audience and crafting a message that persuaded them to take the actions you wanted?
Or would you hire a “guy” you found on CraigsList who said he could create your ad for $400?
Clearly, you would go with the experienced firm.
The same is true with your business plan . If your business plan consultant can’t expertly conduct market research regarding your industry, competition, and customers, you won’t be able to develop the right strategies to grow your company.
Likewise, if your business plan consultant doesn’t spend significant time each month with your target customers (venture capitalists, bankers, angel investors, loan officers, etc.), then most likely they will fail to develop a plan that inspires them to write you a check .
For over 20 years, Growthink’s business plan consulting services have helped thousands of new and established businesses raise billions of dollars and build successful organizations. We hope to have the opportunity to speak with you about our business plan services and help you realize your succeed.
Our Business Plan Consulting Methodology
Our business planning and consulting team has developed thousands of custom business plans for clients in all types of industries. During this time, we have developed proprietary methodologies to ensure our clients receive high-quality, fully customized business plans every time.
The Growthink methodology includes five phases which are designed to maximize quality and client satisfaction.
- Management Interviews : In this first phase, we collect and document your “verbal” growth plan, including your vision, key accomplishments to date, challenges and opportunities, business objectives and goals, and growth strategies. In this phase we also identify and refine key research questions, and work to define and communicate an effective “story” for the business plan. Your “story” is what’s going to appeal to investors and lenders.
- Strategic Market Research : In this phase, we size the relevant market place, analyze competitors, profile existing and prospective customer groups, and perform our due diligence to identify opportunities to grow your own business. Growthink also conducts “benchmarking research” — this involves identifying other companies that have succeeded and/or failed with similar businesses and/or initiatives.
- Executive Summary
- Company Analysis
- Customer and Market Analyses
- Industry and Competitive Analyses
- Development, Operations and Marketing Plans
- Management Team
We will also deliver your complete financial model at this time , including the financial projections .
- Review and Revise : In this phase, we review the draft plan with you and discuss the focus, wording, and flow of the document. We incorporate any necessary revisions and refinements, and prepare the revised plan.
- Package and Finalize : The final stage involves creating a clean, professional document, with graphical enhancements, that is copy-edited, formatted, and ready to be presented to stakeholders and investors.
Business Plan Consulting FAQs
What does a business plan consultant do.
A business plan consultant helps small business owners, entrepreneurs, start-ups , and established businesses develop business plans that will help them raise bank loans, equity funding and other forms of funding for their businesses . A quality business plan advisor will also ensure the business’ growth strategy is solid. We are the industry experts in helping many entrepreneurs , business owners, and executives create professional business plans that are well thought out to point your business in the right direction and powerful tools to convince potential investors to fund your project or lend you money.
What is the business planning process like?
Every business is unique, so there’s no cookie-cutter business plan. Every business owner has different strengths and weaknesses they bring to the table. We want our clients to get the most out of their business plan by solving problems, leveraging strengths, and highlighting new business opportunities for growth – all while taking it one step at a time.
Growthink starts with what’s important to you: What are your current challenges? What do you hope this business will achieve? Our business planning advisors are there to help make your vision a reality – whether through helping improve your day-to-day operations or providing the strategic planning necessary for companies on an upwards trajectory. Whatever stage you’re at in your company’s life cycle, our business plan consulting firm can help judge the needs of your business and provide solutions based on our years of experience working with companies in a variety of industries.
Read more about Our Business Planning Process & Methodology .
How long does it take for a business plan consultant to produce a business plan?
Growthink’s business plan consultants can produce a custom business plan in as little as seven days, but it may vary depending on the complexity of the business.
How much does a consultant charge for a business plan?
The cost for professional business plan development services varies depending on the complexity of the company.
Business Plan Consultants Case Studies
Having worked with thousands of clients, here are but a few case studies :
Cardio Quick Systems
Porsche Design
Find a Business Plan Consultant Near You
Our business plan consultancy services are in high demand serving clients around the world. Among other cities, we have business consultants in Los Angeles, Washington D.C., Atlanta, NYC and London.
Let Growthink's Business Plan Consultants Help You
What is Business Consulting and What Advantages Does It Provide?
A business consultant is a professional that works with clients on a variety of aspects intending to help to improve, grow, or maintain a company. Learn more about business consultants, what they can provide, and more in this guide.
What Is a Business Consultant?
A business consultant is an individual who works closely with business owners and managers to improve operations and efficiency. Business consulting includes helping to identify, address, and overcome obstacles to meeting a company’s goals.
What Does a Business Consultant Do?
Business consultants can assist in nearly any need your business might have. There are business consultants that specialize in specific industries, while others take a more general approach. While specific services vary, some of the most common ones are listed below.
- Identify obstacles that are preventing growth or efficiency
- Determine what changes need to be made and help implement changes
- Provide any necessary training and resources to staff and management
- Bring out-of-the-box ideas to refresh a business
- Assist in business planning and creating new businesses
- Assess, hire, and fire staff, if necessary
- Implement new programs
- Analyze a company’s budget, suggest adjustments, and help put those adjustments in place
- Locate providers and partners to help meet goals
What Businesses Need a Consultant?
Nearly any business can benefit from a business consultant. Though some, like those below, might experience the most significant benefits.
- Startups can use consultants to complete planning and get a strong start.
- Businesses that have been around for a while can benefit from a fresh perspective.
- Companies starting new campaigns can benefit from a consultant’s research and expertise.
- Businesses focused on growth can utilize a business consultant’s strategic skills.
- Organizations that are not meeting their financial goals can hire a consultant to dig into their accounting.
- Companies adding a new department can get help planning, setting up, and staffing that department.
What Are the Advantages of Business Consultants?
Hiring a business consultant can provide many benefits to a company. Some of the most important include taking advantage of an outside perspective, utilizing insight and expertise picked up from other clients and industries, receiving help creating plans as well as the resources to make them happen, and more. Below are some specific examples for a greater understanding.
- Business consultants offer a “bird’s eye view” into a business. Many seasoned business managers and owners can struggle with seeing the complete picture as they are in the middle of it. A business consultant has a fresh mind and viewpoint, allowing them to see things that business owners might not.
- Business consultants often work in multiple industries and with a variety of clients. This gives them invaluable insight and ideas from many different avenues. They can use the expertise they gain from other industries and adapt them to a new industry.
- Designing new campaigns and business plans can be challenging and take a great deal of time. Business consultants help to develop these plans more quickly and clearly and then help you put them to work.
- Business consultants can pinpoint strengths and weaknesses in your company that you might have become blind to overtime.
- Staying on budget is imperative to a company’s success. Business consultants can help find weak areas in your spending and provide creative solutions for those areas.
- Business consultants can help increase sales by researching your desired client and creating a targeted marketing plan to attract them.
- Consultants bring with them a network they have formed during different projects. Businesses can use this to gain knowledge and use external resources that a business may not even be aware of.
Career Outlook for Business Consultants
A business consultant’s earnings depend on several factors, including their location, the industries they serve, and the specific skills they provide . Despite the ongoing Covid-19 pandemic, there are sectors inside of management consulting that are experiencing growth. By Q4 2020, we’ve seen incredible demand inside of specific practice areas including healthcare consulting and bankruptcy & turnaround consulting. Generally speaking, a consultant in the US makes between $65,000 and $110,000 per year.
What Tools Do Business Consultants Use?
Being a business consultant requires a lot of planning, researching, and organization. Using the right tools to support your business can provide many benefits. Some of the most important tools business consultants use are listed below.
1. CRM Software
CRM software is available to help improve your customer relationships. It allows you to keep track of client information and interactions, share files, and track progress. Different CRM software comes with various available features, so it’s crucial to determine what you need before choosing one.
2. Proposal Software
As a consultant, you likely send several business proposals. Having business proposal software helps to keep a professional structure to your proposals. Additionally, many provide templates , which can save you hours.
3. Project Management Tools
Most business consultants manage several different clients at a time. Additionally, many handle multiple projects for each client. Using project management tools will help track a project’s progress and keep projects organized.
4. Time-Tracking Tool
A business consultant typically charges by the hour, so keeping up with billable hours is a foundational aspect of consulting. Having a time-tracking tool that not only keeps up with the amount of time you work but also lets you categorize this time for different projects is incredibly helpful.
5. Cloud Automation Software
Automation software like Accelo can streamline your workflow and simplify your days. By integrating your current apps into a cloud platform, a business consultant can easily manage sales, projects, time-tracking, and much more all in one place.
READ NEXT: See how one consulting firm saw a 93% increase in profits with Accelo
Business consulting is a very rewarding career that can help take businesses to the next level. Consultants have unique experiences that help businesses address and overcome challenges they face in reaching company goals.
In addition to the knowledge and expertise you can bring, having powerful business consulting software can make you an even more invaluable asset. Learn more about how Accelo can integrate with your current tools and enhance your consulting business with a free trial .
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Business Plan Consultant
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Providing business planning consultancy since 2009
Unfortunately only 4% of businesses ever reach the £1 million mark, but our 13 years of experience in business planning has helped our clients grow an average of 168% in the first 18 months.
We have worked with a wide range of sectors and scenarios, providing business plans and advice allowing you to fully understand what is holding your business back and how to overcome the hurdles. Our programmes will allow you to take the right steps and deploy the right frameworks to ensure your business fully succeeds.
Contact our team of business planning experts and sign up today for a free business strategy review. We will provide you with 5 easy to implement tips before you even become a member, showing you just how easy it is to make your business a true success.
Who needs business plan consultancy…
Business planning consultancy is ideal for owners and executives of SMEs looking to take their company to the next level. Our programmes will not only help you understand your business but will also help you improve your leadership skills to nurture growth and help you to make better, informed decisions.
We offer tried-and-tested strategy plans alongside expert advice to help business owners comprehend what is holding them back and exactly how to overcome these issues. Our programmes are designed to make it as straightforward as possible for business owners to utilise the right business practices and frameworks, helping them every step of the way to achieve the success and growth they deserve!
Sign up for a Free Business Strategy Review today and we will take a closer look at the business practices and techniques you are currently using, as well as an action plan with at least 5 powerful business frameworks you can utilise to help your business grow.
How our business strategy programme works
Proven methodology.
Our methodology is tried and tested. On average our clients make an average increase of 168% in the first 18 months of joining our programme.
All techniques and frameworks have been used previously and we will help you to implement them successfully within your business.
Advice from entrepreneurial peers
Our entrepreneurial board will be with you every step of the way. With experience in over 70 sectors, there are little business issues they haven’t overcome.
We will provide real life examples and exclusive access to materials, allowing you to receive where others have failed.
1:1 Planning Consultant
When enrolling on our programmes, you will be assigned a dedicated 1:1 planning consultant.
Your consultant will then work with you closely to help you implement the necessary techniques and frameworks to succeed.
Proven Case Studies
Construction
£10m revenue; 40+ staff
Key Frustrations
- Revenue and profits under pressure for the last 3 years
- Limited and stagnant customer base
- Lack of direction and strategy for the business
Our Work Together
- Developing a 3-year competitive growth strategy and management action plan
- Targeted marketing and sales plan – reviewed monthly and updated quarterly
- Defining key operational measures of success and scorecards
Measurable Results
- 3.5 times revenue growth in less than 2 years
- 50% increase in profit margins and a 160% increase in customer base
- Acquisition of a speciality company for vertical integration and efficiencies
B2B Services (IT)
£2m revenue; 10+ staff
- Low business valuation due to low growth and lack of repeat business
- ‘Time poor’ and ‘directionless’ team stuck in firefighting
- Difficult customers with bad payment terms leading to a cashflow problem
- A new subscription model launched to generate recurring income
- 3 Year exit plan developed with clear targets and action plans
- Debtors management system implemented rigorously
- 45% YoY growth with 35% revenue being recurring subscription fees
- Increase in business valuation multiple from 3.2 to 6
- Reduction in debtor days from 84 days to 26 days
- Performance culture with weekly trackers and incentive structure
Food Distributor
£53m revenue; 70+ staff
- Weak 2nd tier management team and overworked MD
- Stagnation in profitability, performance, and culture
- Aggressive competitors, pressure on margins
- Leadership team learning and development programme implemented
- Poor talent replaced with high talent using 4 Hour Recruitment system
- Supplier negotiation and product purchase strategies actioned
- 5-year sales and marketing strategy to increase market share
- 100% Leadership team supporting MD in strategic initiatives
- Operating procedures for team communication and collaboration
- Increase in gross margin from 28% to 34%
- Significantly improved brand presence and loyalty
Book your free business plan review today
Book a business plan review for a free in-depth analysis of your business. You will then receive 5 easy to implement techniques and full information of our fully guaranteed programme, meaning you will never need to invest any money without making profit.
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Preparing a financial plan for your business is important if you plan to pursue business finance options such as loans, according to Inc. Business finance companies look at the short-term viability as well as the long-term potential of a bu...
There are a few simple things you can do to make planning for the future easier. Things like establishing a savings habit, making it automatic, and calculating how much you’ll need.
It’s impossible to eliminate all business risk. Therefore, it’s essential for having a plan for its management. You’ll be developing one covering compliance, environmental, financial, operational and reputation risk management.
Business plan consultants help define the long- and short-term goals of a business and draw up an action plan to achieve these goals.
A business plan consultant is someone who will help refine your ideas and strategies, and mold them into a viable business. We challenge your assumptions, fill
Business planning consultants provide a valuable service to those who wish to embark on a business venture. They also work with those who
Working with a business plan consultant allows a business to create a detailed technical and strategic plan for a new business venture. Within the plan, the
Business Plan Consulting is the process in which an external third-party consultant is engaged to provide strategic advice. The type of advice provided for a
A strategic planning consultant helps organizations define and develop future business strategies to meet their long-term goals. It's their job to research
A business plan consultant helps small business owners, entrepreneurs, start-ups, and established businesses develop business plans that will help them raise
A Business Consultant, or Business Advisor, is responsible for helping companies maintain and improve operations by providing professional
Dear Ishu, A Business Plan Consultant is one who creates or customizes a business plan for a company based on their specific product/services to include
A business consultant is a professional that works with clients on a variety of aspects intending to help to improve, grow, or maintain a
Business planning consultancy is ideal for owners and executives of SMEs looking to take their company to the next level. Our programmes will not only help