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When you hire a business plan consultant with a firm grasp on all business practices, your company will function efficiently. Apart from consulting, this person can act as a coach by motivating your salespeople with training sessions to enhance their marketing and sales skills. He or she can also serve as a broker, in the event you decide to acquire other companies that can make your business stronger and more competitive. Whatever you do, make sure to hire one or several to give you an edge over the competition.

These highly trained professionals can also assist in calculating start-up costs, bringing in investors, and projecting profitability studies. Small business consultants also help you source funds by preparing financial documents presenting you in the best light possible to potential lenders and institutions. They can also help you devise business strategies that help you stay ahead of the competition.

One key component critical to your success is scoping the competition. A business plan consultant studies the area where you will be located quite thoroughly. For example, if you plan on setting up a coffee shop on Main Street, or within the vicinity, the small business consultants you consult with will inquire about the number of existing coffee shops and the services they provide.

Organization - How is the business structured? Who are the principals and the principal shareholders? What authority does each principal have in the venture? What are management's qualifications? What is the job description for each position? What does the organizational chart look like? Possible Data Sources: on-line templates for job descriptions & organizational chart.

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