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One essential element when building a new or growing an existing business is a business plan.

Whether your business is in its infancy, approaching a growth phase or you just need some guidance and direction on your current model, a business plan will provide the first steps in getting you to your organisational destination.

It's all very well having your business proposal in your mind but there are a variety of reasons why a well-constructed, methodical business plan laid out on paper will help you achieve your business goals.

There are a range of reasons to create a business plan, as outlined below:

Create transparency

Hiring an expert to write your business plan helps you to focus really on the direction of your business. Having to verbalise your future objectives for a business plan expert to write them down will lead on to how you will start achieving them. A business plan is not a list of things to do; it 's an overall direction for your business and how you intend to get there.

Raise capital

Whether it be a family member, friend or you are applying for a formal business loan, if you are looking for anyone to invest in your business a formal business plan written by an expert will show potential investors that your organisation has direction and a strategic document will show how you intend to reach those goals. This will give confidence to those planning on investing and will also hold you accountable to anyone that provides funds for the business which will help keep you on track.

Offset emotions

As a business owner or manager, it is easy to get overwhelmed, anxious, stressed, excited and passionate about your business. With an expertly written business plan at your disposal, you can refer to it at any time to remind yourself of the direction for your company which will cancel out the emotional element and help you to focus on the practical.

Avoid critical errors

If you have a short-term perspective for your business, the chances of failure are high. Documenting a business plan with the assistance of a freelance business plan writer will allow you to see from an early stage if your ideas are realistic and have the potential for long-term sustainability.  It is in your business plan writing that the amount of capital you need will be identified along with the key skills required to help you achieve your targets.

Business proposal

A business proposal written by an expert such as those found at Freelancer.com will be sent to a potential client for them to judge how suitable your business is for their specific job. A good quality business proposal will serve as a valuable tool in gaining new clients.

While there are many business plan templates and business plan formats available, it is in the discussions with an expert whose skills are available through Freelancer.com that the development and implementation of your business plan will help your business to thrive.

This initial stage is vital to the success of your business so it is crucial that you select someone whose portfolio shows work that is in line with your vision and long-term strategy of your business.

Freelancer.com has thousands of experts for you to choose from to ensure that your business plan is written to the highest standard possible which will have a positive effect on the success of your business. Log onto freelancer.com today and scroll through the talented business experts who are available to help with your business plan today.