Business Plan BuilderTM
Two way BPS business plans make an EDC director's work easier & more efficient:
1. Better client interaction
2. Better insights
1. Better client interactions: Breaking the bad news to a client that their plan isn't realistic, and isn't getting funded can be really stressful. What if you didn't need to have so many of those stressful conversations because clients resolved their unrealistic expectations before they made you point them out; wouldn't that be awesome? That's what BPS does. We point out the unrealistic expectations in a business plan as it is being created in our system, then help the entrepreneur see why it is unrealistic, then we give them to tools to calculate and validate what realistic expectations for their business and their life situation may be.
They drive the whole process, we don't tell them what is realistic, we help them find out what is real for their situation based on all the data we gather from the client. It's similar to what an EDC analyst does as they evaluate how all the pieces fit together, but we do it before you have to. Because the client figures this out on their own they fix the problems before they turn in their plan; avoiding an uncomfortable conversation for you and an embarrassing situation for them. The best part is the client learns from the plan building process so they are more equipped to be successful as they make progress on their plan. This is good thing for both new business and existing businesses who may be stuck in their ways and don't want to hear your recommendations.
2. Better insights: The BPS business plan builder dramatically improves the way business plans are created and gives EDC a chance to find 'diamonds in the rough' that can really benefit their communities. It's no secret that many people struggle with communicating their thoughts in writing, some of those people are entrepreneurs. Many entrepreneurs know their business inside & out, but are not good writers or have language barriers so they have a hard time explaining how & why their business works, but that doesn't change the fact that it works. These investable businesses with good fundamentals can get overlooked because the traditional format of business plans is intimidating to the owners.
The BPS business plan builder levels the playing field by standardizing the format, reducing the narrative length, and making it easier for the entrepreneurs to provide the specific data elements you need to make decisions with. We don't tell them what to say, we just make it easier form them to say it.
We take the word-for-word answers provided by the client and compile them into an easy to read format that helps you avoid having to read the 'fluff' a lot of business plans are full of. We take the numbers they provide about specific operational aspects of their business and apply calculations that deliver the financial figures and ratios you use in your evaluation process. We don't make up their numbers, we just help them do the financial math that they haven't learned yet; and in the process of building their plan with us we start teaching them how to do the business math on their own. Once you start using these plans you wont want to use a traditional plan again.