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Most people would not consider building a new house without hiring an expert to professionally complete blueprints with an architecture plan. Yet, more than a majority of private investigators are willing to start a business without a business or marketing plan! A business may turn out to be one of your biggest assets, so do not be like most PIs. There are many pros to writing a business plan:
- It forces you to address critical issues that you may not address or put off
- Makes sure you are reaching your incremental goals
- Prepares you should your decide to take on a partner
- Should your business become successful and potential buyers come knocking on your door being prepared with a proper updated business plan will be advantageous to your bargaining position.
Most private investigators business plans look like this:
This is one of the many reasons most PIs will never last past 2 years in the business. Don't be like most PIs.