PLAN: FAQ

Q: Why do I need a business plan?

A business plan is the foundation for your business which not only helps you determine whether your business idea is feasible, it also establishes a map for your company’s future. Without it, your business is likely to drift along without direction or parameters for measuring progress and it turn you’ll end up wasting a long of time & money in the process.

While the business planning process does not guarantee success, it surely decreases the odds of failure. Before putting your life savings on the line, endangering your family’s stability and borrowing other people’s money, a business plan allows you to discover the key elements of success and take only calculated risks based on the facts.

Q: Do I need to create a business plan even if I'm not going to borrow money?

Absolutely. A business plan isn’t just a surface-level decoration to attract potential investors or market your business to potential lenders. A solid business plan should tell you, the business owner, what actions to take based on the competitive landscape, financial viability and general soundness of your business venture.

A solid business plan also saves cost and decreases risk by making you think about all the details which are critical to the success of your business BEFORE you start. This includes uncovering any issues and “red flags” so that you can save valuable time, energy and money for what’s important.

Q: I'm thinking of writing my business plan on my own, why should I hire a business planning professional to write my plan?

There are several reasons, first and foremost – your business plan will actually get done. Between hectic schedules and resource constraints chances are your business plan would sit on the back burner for a considerable amount of time – meaning you are limited or unable to take decisive action towards your next phase of business.

Working with Sitar Group will help you get your business plan completed more efficiently with quality research, writing, editing and feedback that you wouldn’t be able to achieve on your own. We also spend the necessary time to review & help you get to know the final plan inside and out so that you can explain the details and assumptions behind the plan to an investor or banker.

Q: Why should I work with Sitar Group? What makes you better than your competitors?

Authentic, Effective Plans. We have what it takes to give our clients business plans which are meaningful, tailored and compelling to share with other business partners, bankers and investors. We measure our success by the success of our clients and even offer a money-back guarantee if your business loan is rejected based on your business plan. In short, we are proud to create the BEST possible business plan for every one of our clients.

Experience. Business Planning is our area of expertise – it’s what we do from 9-5 each day. With extensive staff backgrounds ranging from ex-loan officers to fellow entrepreneurs, we know what investors and bankers are looking for and we’re passionate about helping small business owners “wow” them with well-thought out plans which are based on years of experience, thorough research and compelling facts – not surface-level assumptions.

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Q: Couldn't I just use business planning software?

Yes, business planning software can help you get organized and provide a lot of helpful information – however, these plans will heavily rely on industry templates. It will get the job done, but most investors and bankers will recognized these as “canned” business plans which lack originality, thought and excitement that a custom business plan carries.
And although software is a cheaper option on the surface, it still requires an intense amount of research and time that takes you away from your core business and ultimately produces a limited quality product. Trust that our team of professionals & experts can save you wasted time and many late-night frustrations.

Q: I'm trying to move quickly, how long will it take for you to write my business plan?

Depending on the amount of information provided by the business owner, our business planning process typically takes anywhere from 4-6 weeks. However, we do offer expedited options at a slightly higher price-point for those business owners that need their business plans for mission-critical tasks in under a 4 week period.