Top 10 Questions About Business Plan Writing Services in Nigeria

In this post I will be sharing with you 10 guide questions about professional business plan writing in Nigeria and how you may proceed to contracting a credible business plan writer. Just a side note; the business plan writing service Niche in Nigeria is becoming very competitive and also populated with many quacks. People who copy other people’s blog posts and post it as theirs with the intention of duping unsuspecting business plan consumers/clients. Don’t be a victim. Make sure to research very well before choosing who to patronize for your business plan needs.

That is by the way, to the real issue in this blog post, what questions should guide you when seeking the services of a professional business plan writer in Nigeria? How can you seriously uncover the right business plan writer to prepare a bankable business plan for your funding and startup needs?

The answer is this shortlist of questions you will see below on frequently asked questions by prospective business plan writers and once you have successfully answered these questions on your own, then you are in a good position to have your business plan written and delivered to you.

Frequently Asked Questions about Business Plan Writing Services in Nigeria

Below are the 10 guide questions you should follow when seeking to write a professional standard business plan in Nigeria;

Who usually requires a Business Plan and why?

Why would anyone want you to submit a business plan to them and what kinds of people/institutions would do this? The answer is mostly financiers; banks, development aid agencies, investors and Non-governmental organisations who are providing funding for startups and SMEs to either setup or expand their businesses. The banks (commercial, industrial, agric based, micro-finance and investment based) usually want to grant a loan to a client. They want to be sure they can recover their loans and that the business opportunity is sound. A business plan will show them if this is feasible. Investors on the other hand want to know if your business will work and how much profit they stand to make from investing in your business. The other institutional financiers want a sustainable business that will achieve some economic success – expand, employ people and create income opportunities for others.

Why do I need to write a Business Plan?

If you are the organized, pragmatic visionary, the answer goes without saying. You want a blueprint to guide you in your business and hold yourself accountable for your success or failure. If you are somewhat creative and assertive visionary type you may only see the need for a business plan if you need to bring others on board in making your dream come true. But from a more practical perspective is a bit of both. You want to hold yourself accountable with a blueprint for your business while also using it as a funding request to expand or setup your business.

Who should write my business plan for me?

Anyone with above average intelligence can write a business plan once you have a guideline or format to work with. But it takes skill that comes with experience to write a professional standard business plan you can take to the bank any day. That only comes from experienced business plan writers with expertise and connections to help drive home your idea in a persuasive and reliable way. The downside is, it will cost you money to use them but you will get better appraisal for your business idea that way.

How much does it cost to write a business plan in Nigeria?

I personally charge from 40,000 naira upwards. Most times I charge 50,000 naira (non-negotiable). I have done business plans for over 100,000 naira in the past (depends on the kind of work involved). But there are others who charge more than this or even less. An acquaintance of mine who is far more experienced and connected than myself charges over 600,000 naira per business plan whereas many inexperienced and dubious business plan writers with copy and paste blog posts may charge you 10,000 naira. My advice is – don’t be penny wise, pound foolish when choosing a business plan writer based on the amount they charge. Do your homework.

How many pages should a Business Plan contain?

There is no real limit to the number of pages a business plan should contain. Ideally, 25 to 40 pages is good enough but there are exceptions. Some business plan pages can take up less than 25 pages while others can take up to 100 pages. But a truly standard business plan should be detailed but brief - in my opinion should not exceed 35 pages.

What does a typical Business Plan outline look like?

• Executive Summary 
• Company Summary
• Market Overview
• Industry Analysis
• Target Market Analysis
• Managing Risks and Control factors
• Operational plan 
• Management Plan 
• Financial goals and Projections
• Appendix 

How long does it take to complete a Business Plan?

That depends on the type of business plan and the amount of work involved. It shouldn’t take more than 14 days to prepare a business plan but ideally that should take between 2 to 10 working days.

What kinds of Business Plans Should I know About?

There are different types of business plans to know. Some can be classified based on the intent of the plan while others are based on the presentation style. Based on intent there are; strategic business plans, operational business plans and start-up business plans. Based on presentation there are; pitch decks, business model canvass, power point presentation business plans and conventional business plans. Their prices vary and depend on the writer.

What guidelines should I know about when writing my Business Plan?

Business plan guidelines are useful for creating a bankable business plan document. The guideline needed for every single contract would depend on several factors. Are you writing a business plan to hold you accountable? Are you seeking to achieve growth, quick turnaround or strengthen your market position? Are you partaking in a business plan competition? The guidelines may come from an awarding institution or you could even come up with one yourself or better still work with a professional business plan writer to have one ready for you.

Will I be guaranteed funding for my business with a business plan?

There is no guarantee that your business will be funded even if your business plan is written by the so called best business plan writer in the world, Africa or Nigeria. There are several factors that could determine whether or not your business idea will be funded and the quality of the business plan is just one of them. If the other factors are weighed in and you score low, then even the best written business plan in the world will still not attract funding.

Looking to write a professional standard, bankable business plan? Give a me call: 0803 206 4106 or email me: paulonwueme@gmail.com to get started.