Today's Top TipOnline business plan scams are alive and doing very well. There's even a new wrinkle: the "crowd funding". Trust me, no one makes money but the promoters in this scheme.
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There are really only two questions that need to be answered in your consulting business plan:
Simple, eh? Well, maybe not.
You need it, of course, to EXPAND, to GROW, to create an INTERNATIONAL PRESENCE. You do NOT need to "travel to clients' locations".
If ever there were a business plan that demanded solid professionalism, yours is it.
Start out by showing how successful you already are, whether you are a sole entrepreneur or a passel of people. Then show how this funding will help you grow even stronger, whether you remain a sole entrepreneur or a passel of people.
Back it up with numbers, with marketing stats, with maps and charts.
Add some zing!
Well, through added revenue, of course. But banks, as you probably know, are pretty persnickety. They want several ways of being paid back, just in case one falls through.
You will, of course, be required to secure the loan with all of your possessions, including your first born child. Every small business, especially service businesses find themselves in this predicament.
Then you need to find that "other" means of payback. And for service businesses that is difficult. Manufacturing companies have buildings and equipment. Retail has inventory. What have you got? Seriously. What is there of value in your business that can help secure the loan?
This is the toughest part of your loan process, and it is not something that an outsider can answer for you. You might make an appointment with your banker and have a solid on point conversation about this issue. There may be something that the bank sees that you have overlooked.
And you might try your local credit union. They are, without doubt, the most overlooked source of business funding. The rules governing credit unions are not always as stringent as those governing banks, so you could hit a home run here.
In either case, have your business plan as ready as you can get it before talking with anyone. Be ready to demonstrate your strengths. Be ready with your website. Be ready with your CD if you have one. In short, go in for bear.
Your consulting business plan will be unique, as will your consulting business. No matter which direction you choose, there are three things you need to make a great business plan for your consultant business:
| Your workbook.
| Your business plan template
The bottom line is that more and more consultants are being used. They have short term contracts AND specialized knowledge -- just what business look for now. Go for it. This is YOUR TIME!
I realize that I don't have limits. Limits are
always influences that come from outside, from people who don't
believe in themselves and their abilities. I firmly believe in myself.
I know that I can do whatever I want and that I'll always reach my
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