Business Plan Consultants Key Terms
Learn more about what consultants can do for a business plan
A business plan is the first step in getting the financial backing to start a business. The business plan should be well researched and presented to potential investors in a clear, concise manner. Business plan consultants can assist a business to organize and present a business plan for this occasion. Business plan consultants can help with market research, organizing financial information and looking at the business plan as a whole to see if it is feasible.Pitch development
Financial modeling
Financial modeling is a process of creating a financial structure for a company. The financial model in a business plan works to project potential earnings over a specific period of time, giving investors an idea of the company's profitability.Financial feasibility analysis
A financial feasibility analysis looks to the future to see if a business can earn a reasonable profit to sustain and improve the business. While a financial feasibility study is based on real numbers, the projections do not have to include all of this information to predict estimates.Market analysis
Another service that business plan consultants can provide is the market analysis. This is a look at the specific market a business is targeting to see how well the product or service will respond in the market.Branding
Branding is an important part of a business plan, and a business plan consultant can assist businesses in creating a brand name for its product or the company as a whole. A brand is used to let consumers recognize certain characteristics of a particular company or product.Partnership counseling
Partnership counseling is a system of preparing two or more partners for a business venture. Many business plan consultants serve as business partnership counselors to avoid disagreements that can dissolve the company.Copyright © 2013 Business.com, Inc. All Rights Reserved.
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