The real question is, does the business need an investor or a creditor. Do you desire people to be part owners of the venture or to simply loan you money? Either way, you must have a business plan and a good business plan writer to secure funding. Why?
Unless you are dealing with a relative or friend, the person with the deep pockets will want to see in some detail how your operation is going to earn money, and how they will get money back from it to cover what they have given into it.
A business plan to the creditor or investor is like a resume is to an individual job hunter's prospective employer. However, the money folks don't just grant meetings and interviews, but also up-front cash instead of a job.
The business plan must convey the facts and persuade the reader that the business will make enough money to be able to pay back those that give money into it. People or institutions with money did not get it by being stupid and making stupid deals, did they?
Make sure your businses plan writer knows what he or she is doing, and not just using some pre-bought template from a store. Pretend you are going to be questioned like on Shark Tank. Each idea and potential business entity is different. Each business plan should be individually tailored and unique.
At Jimmy Hall Writing Services/ Atlanta-Douglasville (404-580-1501), I write solid business plans for clients with less than a week turn-around in many cases, if the correct info is provided to me up-front. I stay in constant contact, and I question anything that doesn't make good sense, like Shark Tank! As the holder of 2 business degrees, I know what is and isn't right!
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