2. Starting a small business can be challenging business planning and
entrepreneurship is concerned. The simple reason being entrepreneurship often
involves launching new ideas that are untested, and traditional business plans
rely upon tested ideas and metrics.
Often, an entrepreneur or his/her team would spend significant time creating a
business plan based upon inadequate data – simply because no one has tried
before, what they are trying to do.
3. Without a business plan consultant guiding the launch or growth phase of a new
business, entrepreneurs often get lost with their staff spending time in preparing
plans, creating presentations, and throwing weight around to obtain approvals
and become the hero, which effectively results in little concrete planning.
4. It is only human for founders of a company or senior managers to try to prove
their ideas, in spite of the fact that others know they will fail. It is something that
real business entrepreneurs do, because they are entrepreneurs, and therein
remains the reason why the business plan consultant and the consistent use of
metrics that determine ROI are needed to keep the entrepreneurs energy and
innovativeness in balance.
5. Also at this phase of a new business launch on untested horizons, premature
emotional buy-ins can quickly morph into cognitive biases where flaws in the
business plan may become difficult to admit and recognize, if they are in line
with such biases.
Many times, the business plan consultant is the only person unbiased enough to
indicate that a new idea may not be wholly viable, or requires thorough tweaking
to be pragmatic.
6. There is also another organizational problem that often
occurs during the initial phases of a launch. Growing
organizations depend heavily on a regimented structure
of leaders and followers to ensure quick execution of
tasks and projects.
However, the same regimented mindset can lead to
costly mistakes and conflicts when relying on an early
business plan as the only guide. Early business plans
need to be skeletal in structure to be most flexible, and
need to be periodically checked by a business plan
consultant, who keeps evolving the business plan as
more and more data and information become available.
An experienced business plan consultant defers complex
business planning and concrete financial projections until
he has sufficient data necessary to make proper ROI
computations.
7. He’s never going to fudge assumptions to
promote biases, but business owners
would, because they are human.
Without a business consultant guiding the
launch or growth phase of a new
business, entrepreneurs often get lost.
Business consultant knows where is the
solution and how it can be solved according
to him/her strategic planning