Promising Business Ideas – Business Plan Consultant

There are promising business ideas for anyone willing to do research and study. If you are willing to study and research everything about writing a business plan then business plan consulting may be for you.

The key to success is being an expert on business plans and having some experience with them. Therefore, start by studying everything possible about the topic. Once you are confident that you are an expert on business plans, do some low-cost consulting to new entrepreneurs who are in the process of writing a business plan. Once you have worked on several plans, you can start your business.

What you need to know about this business

• The start up cost for this business is $5000 to $8000 for office setup and supplies, and your office suite software and business plan software.
• You can charge $2000 to $6000 plus per plan and $60 to $100 plus per hour
• You fee is based on the complexity and length of the plan your customer needs.

How you can market this business

• Send direct mailings to community colleges and adult evening and technical schools that offer business start up courses.
• Attend workshops and seminars on small business issues
• Rent a booth at small business development shows
• Place classified ads in business sections of local newspapers
• Make presentations describing your business to lending institutions. They may send you referrals
• Teach business start up courses in community schools and colleges
• Write articles for business publications

Home business equipment requirements

• Computer
• Business planning software
• Laser printer
• Telephone and various communication media, email, fax, and voicemail
• Copier

Target Market

Individual entrepreneurs needing start up money

• Small businesses seeking money
• Corporations seeking money for expansion or diversification from banks, venture capitalist or investors.