A five star business plan should include detailed and comprehensive marketing, operational, growth, and financial strategy. The market section should contain recent and comprehensive market research. The pro-forma financial plan should typically be planned on a 5 year basis and include at least monthly detail in year 1 and quarterly detail in year 2-5 and be supported by detailed revenue, expense, growth, and capital expenditure assumptions. If you are looking to hire a company to develop a five star business plan, the following are several things to consider:
- How long has the business planning company been in business?
- How comprehensive and detailed are their business plans?
- How comprehensive and detailed are their financial plans?
- What is the firm’s commitment to quality?
- How experienced are the management team and staff?
- Does the Company’s management have experience with raising capital?