Recently, I cofounded a small business, and my partner and I decided that we needed capital. Since neither of us had the desire or skills to write the mandatory business plan, we hired Howie, a new MBA and my son's friend, to do it for us. We gave Howie some background information and made some guesses about what things would cost and what we would earn. After getting additional background material, Howie devised a business plan that my potential investors say is just fine.
Howie could not have developed the idea behind our drug development business nor could he run it, but he knew how to combine our idea and the financial projections involved to make a compelling story.
Guess where this is going.
Some scientists who have what it takes to do good science can't write a grant to save their pipettes, while some who nail grants ad infinitum...