The key here is to make sure the plan is based on reality, not fantasy.
If the market is very large (say billions of dollars), and you want to grow the business to a sizeable percentage of this, then the risk of not getting things right from the beginning far outweighs the small cost of hiring a consultant to make sure you get it right.
Look for the following: The most successful arrangement is “collaborative”.
You need to have some give and take with the consultant.
Now may be the time to ask yourself: should I complete the plan by myself or should I hire a consultant? If you aren’t committed to your business idea, you will just be wasting everyone’s time — and your own money — by hiring a consultant at this stage.
If you decide to hire a professional business plan development consultant, what skills and qualifications should you look for? This sounds like a silly question, but it really isn’t.Wells Fargo makes no warranties as to accuracy or completeness of information, does not endorse any non-Wells Fargo companies, products, or services described here, and takes no liability for your use of this information.Information and suggestions regarding business risk management and safeguards do not necessarily represent Wells Fargo's business practices or experience.If not, then you should definitely consider hiring someone to help you develop the concept, research the market and competition, construct realistic financial projections, and help you explore some of the risks involved.Furthermore, any business plan consultant worth his or her salt will be able to provide some guidance in setting up your company, finding office or retail space, etc.Please contact your own legal, tax, or financial advisors regarding your specific business needs before taking any action based upon this information.Performing market research and planning ahead can help ensure your business’ success.Some of them provide free training programs, online classes, and networking opportunities that help aspiring and existing small-business owners make smart decisions.You’ve decided you need a business plan, but you’ve been struggling so much with it that you’re ready to drop the whole thing. If you are just toying with an idea, or have not invested much time in research and planning, you may not be ready to think about a business plan.You can also research industry and competitive insights, and access online learning resources that cover everything you need to create or update your business plan.Information and views are general in nature for your consideration and are not legal, tax, or investment advice.