Expert Opinion: Everything Founders Need to Know

What is an expert opinion?

An expert opinion is an official document confirming that your business plan is economically viable. It is a mandatory component of the application for start-up grants from the employment agency and is also required for other funding.

The expert body reviews your business plan for completeness, plausibility, and economic viability – and confirms in writing that your start-up has a prospect of success.

Who is authorized to issue an opinion?

Recognized expert bodies include:

• Chambers of Industry and Commerce (IHK)
• Chambers of Crafts (HWK)
• Professional chambers (e.g., medical associations, bar associations)
• Professional associations
• Credit institutions (banks and savings banks)
• Tax advisors and auditors
• Specialized management consultancies such as Consultingprofi

What is checked in the opinion?

The expert body typically checks the following aspects of your business plan:

• Completeness and structure of the business plan
• Plausibility of market analysis and competitive situation
• Realism of revenue and cost forecasts
• Quality of the financial plan and liquidity planning
• Qualifications and experience of the founder
• Overall assessment of economic viability

How do you obtain an opinion?

Step 1: Finalize your business plan

Before you can request an opinion, your business plan must be complete and convincing. An incomplete or implausible business plan will result in a negative opinion.

Step 2: Choose an expert body

Choose an expert body that has experience in your industry and works quickly. At Consultingprofi, you typically receive your opinion within 3–5 business days.

Step 3: Submit documents

Submit your complete business plan, including the financial plan, to the expert body. Additionally, proof of your qualifications is often required.

Step 4: Receive the opinion

After the review, you will receive the written opinion, which you submit to the employment agency along with your business plan.

What does an opinion cost?

Costs vary depending on the provider:

• IHK/HWK: often free or inexpensive, but longer waiting times
• Tax advisors: 200 – 800 Euros
• Specialized consultancies: 300 – 1,000 Euros, but often faster and with additional advice

Opinion from Consultingprofi

At Consultingprofi, you receive a professional expert opinion – quickly, reliably, and with personal advice. We meticulously review your business plan and provide valuable feedback before issuing the opinion.

Request an opinion now or first book a free initial consultation.

Conclusion

An expert opinion is an important step towards obtaining a start-up grant. With a professional business plan and the right expert body, nothing stands in the way of your funding. We are here to help – contact us!