Some plans may be as simple as an executive summary and a one-page financial worksheet, while others can be well over 50 pages and contain several years of financial projections. Decide what type of business plan your company needs in order to help determine the cost of the plan. You can hire a consulting firm to write your business plan, but this is often the highest-cost option.
However, you will get a comprehensive business plan written by a dedicated team of specialists in marketing, finance and industry. Business plans written by firms can cost many thousands of dollars.
More complex plans can range into the high thousands, depending on the firm, the number of team members working on the plan and the scope of the plan.
Using a private consultant to write your business plan can be a cost-effective way to get a strong plan written by an industry expert. A lengthy plan with three years to five years of financial projections may still cost several thousand dollars, but the total cost can be much less than hiring a firm because only one or two individuals are doing the work.
Some private consultants charge by the hour and let the client decide how many hours to budget for the work. However, fees for a business plan will still vary quite a bit.
The cheapest way to get a business plan usually is to write it yourself. For businesses with very low start-up capital, this can be the best option. Sometimes though, clients will already have conducted talks with their investors and even small investments can require long plans. Therefore, mind your briefing, which will usually contain a notion as to the required gross volume. Therefore, especially on your first draft, be attentive to heed above volume guidelines set out for you, also since quality assurance analysts are paid by the page and clients rarely will reimburse us for extra business planning costs incurred through quality checks of overdelivered text volume.
The following are some different tables of contents for different business plan classes that we produce at BrainHive. The standard table of contents serve you to both understand how we usually compile our business plans as well as see how diverse business plans can be to suit different client specifications.
If you would try and look up standard table of contents for business plans in six different books you would get seven different answers. However, the wheel needs not to be inefficiently reinvented over and over. Business plans serve one core purpose: Getting funded which is another way of saying "convincing people". This allows us to work more fluidly, having for every project one or more pacemaker business plans from which we can draw inspiration and each time write a plan that is a little bit better than the one before.
While some projects invite you to make generous use of generic text blocks to quickly compile your business plans, take extremely good care while doing so. Producing original business plans not only is a question of professionalism but also enrich our business plan library with fresh intelligence, increasing over time our potency as a consulting firm and making it in turn possible to convince more and more potent clients to chose us over our competitors.
The above said, the existence or nonexistence of a decent sample or template plan is priced into the budget of that particular plan to keep our prices competitive. Make good use of our library and your life easy for yourself.
Not reinventing the wheel over and over means efficiency, through which we remain accessible and able to deliver world-class plans even to entrepreneurs who are not able to shell out thousands of dollars for their business plan before even knowing whether or not they will be able to successfully secure funding. As a BrainHive analyst, you are expected to keep a professional, sober and serious tone at any moment of your business plan creation process.
Especially when talking about the founder or indeed relating to any person or entity by name, be sure to keep it neutral, professional and friendly. This also goes for competitors and the way we talk about competitors, government bodies, market situations etc. Never aggressively, never in absolutes or dramatically negative. Some of our clients have asked for corrections to make a business plan sound more enthusiastic. We always warn against talking in superlative terms or sound over-optimistic, because it can weaken the credibility of the business plan and make the business plan recipients assume inexperience.
Of course we can write a super enthusiastic plan if the client explicitly wants this. Normally however, we like to keep it extra-sober. On the other end of the spectrum, we of course will never write a plan which leaves a trace of doubt that the business venture could fail. Our business plans have the purpose to prove to potential investors and creditors that the business investment is a sound and safe one.
If a business venture is highly unlikely to succeed, we tell the client beforehand during the consulting stage of the project.
If the client insists, we might still take them, do the best we can and set them on their merry path. The following are the basic formatting guidelines for BrainHive business plans. As a normal business plan analyst, you are to not produce PDFs, watermarked or password-protected deliveries or indeed send us anything other than the open MS-Word document. Creating your business plan, note that everybody likes a little color in such a great big chunk of sober, serious business writing.
You are expected to have at least three visual elements in your business plan. Depending on the volume, it can be a lot more still. Not only charts and diagrams that you come across during your market research are potential candidates for being copy pasted into the plan, web screenshots for instance of maps, products etc. Relevancy is key — make sure whatever visual elements you put into the plan has a legitimate reason to be in that same exact spot.
Do not use the visual element simply for the sake of having a visual element there. As much as it is sad to deliver a desolate, dry text desert, the damage caused by raised eyebrows of business plan recipients over out-of-line or arbitrary visuals is sadder still. If you are making specific numerical claims or citing someone in the market analysis or if you are featuring a diagram or chart, it is useful both for us as well as for the client if there is some kind of reference as to where you found that particular piece of data.
Certain projects, especially when we are writing a business plan which is part of an academic assignment, will require you to expose your sources in a very detailed fashion according to the respective national citation guidelines valid for that client, which will be communicated to you in your briefing.
When processing a normal business plan assignment, it is not necessary for you to show the exact link of the page where you found the material and make an elaborate footnote with the Microsoft office footnote tool — however, of course we appreciate your extra effort. What you definitely have to do is mention the name of the medium where you found the figures , for instance a certain market research Institute, magazine or a white paper of some large consulting firm. Put it right there in the body content, embedded harmoniously in the head sentence of the paragraph in which you mention it.
Switching sources or mixing statements from different sources, make sure it remains reasonably clear from which sources the respective statements are derived from.
While again you do not need to necessarily include the link, it is important to also show the date of the publication in question. The quality of a business plan lives to considerable extent off of its market analysis, and the market analysis lives off of concrete, reliable figures that give the reader an idea about the volume and the growth of the market in question.
For most projects, you will have no difficulty to find ample market intelligence data floating around in the World Wide Web. Simply intelligently using Google you will already find a host of useful articles that you can sift through for relevant figures. When things get tough, you can help yourself to a large number of websites which will usually carry exactly the kind of market data that you are looking for.
When you are dealing with a particularly specific topic, sometimes you will need to become creative in the sense that you construct your market analysis deductively or inductively remember you must always find a way to interpret the market data so that the reader of the business plan will be convinced that the business endeavor will be successful.
Simple stuff really, but it takes a little practice before you have the routine of pulling together a sufficient number of pieces of intelligence which might be useful for constructing your case that will leave investors feeling sure about their investment. Once you get the briefing, you should as soon as possible review all the files that we sent you and decide if the material is complete enough for you to draft up the first business plan version.
If things are unclear or the briefing material is incomplete our lead-managing consultants only do a quick review on completeness and do not study in detail all the briefing material , you will need to collect all your questions and remarks about possibly missing briefing material in one email which should already be written and phrased well enough for us to pass on directly to the client without further touch-up. Therefore, when compiling this email, make sure that you cover all the questions and that you write in the correct tone and free of typos to make workflows smooth and efficient.
When hiring new analysts, we most often struggle with mistakes born out of carelessness. Our quality assurance analysts are responsible for improving, logically validating and visually checking business plans one last time before they are passed on into the hands of our clients. These expensive, experienced and well-trained analysts must not be regarded as a sort of elementary school teacher responsible for correcting avoidable mistakes.
The time needed for this is priced into the budget for each plan, and again, I will have to call you up for a feedback session if you repeatedly forego diligent finalization of drafts. One smart step to reduce the chance of submitting a draft which will cause face palms and subsequent respective feedback is to always spell-check your drafts with the MS-Office function but do not slack off at manual proofreading even using spell-check.
In the same spirit, you can also ensure to be on the safe side of things by looking up certain phrases on the Internet if you are unsure about spelling, especially when it comes to capitalization of questionable words Germans: Aufpassen auf subjektivierte Adjektive und Verben!
There are some things in life, which are unfortunately not optional, such as taxation, or dying for example. That is why we call important delivery dates deadlines — never miss them. At BrainHive, we pride ourselves so much with being faster than our competitors when it comes to delivering stellar business plans, that we have decided to make delivery time part of our set of the six BrainHive Business Plan Guarantees. If you miss your deadlines, you not only bring disharmony into our workflow processes, you also could jeopardize the full payment of the business plan.
Since many of our analysts are working remote independently located , adherence to deadlines is of even greater importance to iron out time zone differences. Make sure you receive, check and read carefully your BrainHive email correspondence on week days. BrainHive never sleeps and I personally work on holidays and weekends more often than I would like.
However, as a regular freelancing associate, you are of course not expected to work during off time.
Jul 19, · Free and low-cost training -- $25 seminar from Service Corps Of Retired Executives or SCORE of Austin, Texas -- is available from government agencies and other sources to help the startup business owner write their own business plans.
If you hire a professional business-plan consultant, the rate will vary from person to person. Thumbtack, an online service that matches consumers with local professionals, quotes the average rate for a business plan consultant to range from $70 to $ per hour.
A professional business plan consultant will generally charge between $3, and $15, for a complete business plan (although there are cases where $50, is justified). The low end applies for “simple” businesses such as a pizza shop, a small retail store, a hairdressing salon, etc. Apr 19, · To know the exact price, consult the guys from writing a business plan cost. As far as I know, they provide quality business plans for any types of businesses costs. As far as I know, they provide quality business plans for any types of businesses costs.
A Good Business Plan Writing Service Costs US $$1,+ Depending on Required Length, Specs & Difficulty. Find Out More About Your Business Plan's Price. A business plan can cost less if you do the research and create a draft on your own, and then present it to a company or consultant for review and completion. For example, you could complete the written portion of the business plan and then have someone else help with the financials.