According to wikipedia “a business plan is a formal statement of a set of business goals, the reason why they are believed attainable, and the plan for reaching those goals”. The purpose of a business plan is to increase the profit generation ability of any business. Therefore, the duty of a business plan consultant would be to analyze the external and internal factors and then advice the companies on the plans that they have created and help them to develop proper more realistic plans for the future. This process includes identification of any non realistic objectives in business plans and then amending those to become more realistic.
If you are an individual with the ambition to become a business plan consultant, then there are several factors that you need to identify. Firstly it’s very important to understand the scope of this profession. A business plan consultant should possess skills in variety of business related areas. These areas may include, marketing, human resource (HR), business operations, finance, new product launch, etc. With these processes identified, then it would be the duty of the business plan consultant to develop new plans or to amend the existing plans in such a way that they provide the companies with a competitive advantage in the market place. Due to these complex tasks the technical knowledge that you possess regarding the business processes would also play a great role in your career development process.
Since this is an area where technical knowledge on business management is required, it would be of great importance to provide some information regarding the educational qualifications that you need. These qualifications and skills may include, a business management degree, a degree on HR management, an MBA, a degree on marketing and finance, PhD or any other qualification from a professional chartered institute. Even though these qualifications are very important to give you initial recognition in the field, what is more important would be the practical experience.
If you are a person with some of these qualifications then it would always be possible for you to open up a small office at your home to provide the business in your area with your services. Initially you can start the process by providing the consultation services for small local businesses with limited complexity. As you get more and more exposed to the real business practices and the real business environment then your target should be to reach larger organizations that have very complex activities and processes, where planning is an essential factor for survival. This would help you to earn a considerable income and other benefits, which you might use to develop your business. While you are becoming more successful, the number of clients that you get would also go up in such a way that you are unable to handle all the work on your own. In this case you’ll have to hire more consultants or other staff to assist you in your work. If the business became very popular and successful you can even consider starting a business consultation firm as well.
When we consider the current business climate it’s very clear that survival has become one of the hardest factors of them all. Therefore the time and the amount of money that the organizations spend of business planning over the years have gone up by a very vast amount. A proper business plan is even required to raise finance from the company’s share holders and even to rain loan finance from the market. This situation has led to very high demand for business plan consultants with a very high remuneration. Therefore it you can take up the challenge to become a business plan consultant and if you became successful, then you would never regret all the effort that you had to put in to the process.