A business plan for author consultant would be the document you'd use to organize your thoughts about a small business opportunity where you assist authors in getting their works into shape for publishing. It might also be used to solicit financial support from angel investors, a bank (through the Small Business Administration, most likely) or a grant of some sort. Different from a standard literary agent or freelance editor business model, the author consultant serves writers who are trying to prepare their works for publication, usually for a flat fee rather than a royalty percentage, though that issue is negotiable. Your business plan for an author consultant model should answer these core questions, which any reviewer is sure to wonder about your gig:
• How will you attract business from writers?
• Will you work remotely with people from all over, or focus on one area?
• What sorts of publications do you have expertise in?
• What is your background as a writer, editor, publisher etc.?
• How will you structure fees?
• What funding do you require?
A business plan that makes a capital request should outline the intended use of funds in as much detail as you can manage. A plan for private investment will need to show the share you'll offer to your partner(s), while a business plan for a banker's review will need to show a break-even analysis and a loan repayment schedule on point with the prevailing loan terms offered. Beyond those components, your business plan needs to model out your sales (how large and how frequent are contracts for you?) and the expenses you'll face running this freelance gig as a business. Not sure how to estimate these costs or project your sales? Want a professional team to review a draft in progress, or lack the tools to complete a good market and industry analysis? Call the team at MasterPlans today to learn about how we can help you: 877-453-2011.
