The private investigator business plan should be a concise document that outlines the market opportunity, describes your service in as much detail as you can give, and looks at the possible financial performance of your practice over a period of 3-5 years. While writing the plan won't be as intriguing or exciting as the line of work itself, you can make it as interesting as you want to provided the business plan adheres to the basic guidelines set forth by the Small Business Administration for lending-ready plans. You should have an idea of how much funding the practice will need, when it might reach break-even (and, as a corollary, when the loan can be repaid), and the staffing needs you'll face, if any. Other topics to cover:
• What is the market need for private investigation services in your region?
• What is your experience base in the field?
• Do you have any partners, consultants, or advisors who will be part of the business, and if you do can you include write-up on their experience base?
• What is the state of the industry for this service both locally and nationally?
• Can you maintain a positive cash balance throughout the first couple years?
The financial pro forma you will build should answer most of the finance questions that a banker will likely ask when you take your business plan into a funding meeting. Be sure you outline the start-up capital and use of funds carefully in Excel or in a business plan software and double-check your work against the market figures described in the narrative portion of the business plan. Need help with researching the private investigator market landscape or making the model? MasterPlans is here to help you. We have worked on 8,000 client documents since we were founded and we can deliver a funding-ready business plan to you in short order. Call 877-453-2011 today!
