Business Plan Writing

Building a new business strategy or modifying an old one is a critical component of any business plan. There are lots of different methodologies out there and if you're interested in the big name consultancies you can spend a lot of money figuring out what your strategy and business plan should be.

New methodologies such as Steve Blank's Lean Startup Methodology have merit and in many situations make sense, especially for technically based startups. That being said many businesses require a business plan for some of the following reasons:

1. Securing any type of funding (outside friends & families) almost always requires a formal business plan

2. Banks, Venture Capitalist, Angels generally require a business plan for a loan or investment over $250,000

3. Potential business partners need to see what your plan is on paper, not just that you have a plan in your head, ready to roll!

4. Entrepreneurs that write a business plan are 2.5 times more likely to follow through and do a business than those that don't (see Panal Study of Entrepreneurial Dynamics)

5. A business plan forces entrepreneurs to look at all aspects of their potential business, not just the parts they can do or know well

We don't believe that a long business plan is a better one. We focus on the elements investors or partners need to see:

What is your business model?

Who are your competitors?

What are you going to do better, cheaper or faster than your competitors?

What do your financials look like?

What is your business and marketing strategy?

Who is on your team?

We have developed or own methodology teaming up with Business Planning HQ to deliver 40 page business plans in less than a day. We accomplish this by working directly with our clients and asking them 90 questions which form the basis for your business plan. Generally speaking you'll spend 2 to 6 hours speaking with our consultan(s) and have your plan ready for investors in a day for under $1,000.

 

 

IMES utilizes the business planning methodology powered by HyperQuestions.  In 1/2 a day you can complete your investor ready business plan and have an experienced strategy consultant review it.  Lots of business planning software programs are out there but the vast majority are composed of fill in the blank templates that leave all the heavy lifting to the entrepreneur.  With the Hyperquestion methodology we take a very different approach.  Instead we ask a series of questions that helps you drill down to what is important for each part of your business plan leading you to the answer rather than guessing.  Most entrepreneurs spend days if not weeks preparing their business plans because it is hard work and a cricital component of any business.  Doesn't it make sense to consider using HyperQuestions to help you focus, knock out your plan in less than a day and then come back to your plan with fresh eyes and a ton of time=money saved to spend on your business in other areas?

Once you have completed your plan and are ready to get to the next level IMES takes a simple next step approach. Where are you today and where do you want to be tomorrow? If it is a case of increasing revenue we'll take a look at your current pipeline and help you figure out what changes need to be made. In some cases it may be as simple as hiring more sales people to close what you already have in the pipeline or we may need to spend some time researching potential new clients that were not previously targeted.

Sometimes it can be a top to bottom approach where you want all parts of the business humming prior to divestiture but you have limited financial resources and need to prioritize where money is spent. We will help you look at your company from the outside in, create a list of all the things you would like to do and then prioritize that list to ensure you focus on what needs to be done vs. what would be nice to be done.

It all starts with a business plan to get your ideas on paper and let others share your vision and buy into your plan! Buy your HyperQuestions ToolKit Today!

Business Planning 

When you create your business plan in a day, it is much quicker and easier to come back and look at alternative plan A & plan B, because you're not bogged down in just building your initial business plan.  Get HyperQuestions and let your entrepreneurial spirit out!