The cost of hiring a business plan writer will vary depending on what kind of business plan you need. For a professional business plan consulting you might have to spend between $4,000 and $20,000 for a complete business plan. The charge will be less for a simple business plan. However, if the plan is complicated and involves new technology, multiple revenue streams, etc. then you should expect higher writing costs for the business plan.
Key Takeaways
- A business plan is a written document that describes the concept of the business, and other details like how the business will achieve the goal
- A well-written business plan is very important for a business because it serves as a roadmap that provides direction to the business
- Hiring a private consultant for business plan could cost you around $3,000 to $15,000 for a complete business plan
- If the business plan is for a large corporate project then a private consultant might charge you from $25,000 to $50,000
- Bargain Business Plan is one of the best business plan service you can find online and it can cost you at least $1599 for 20-25 page custom written business plan
Hiring Private Consultants For A Business Plan
This is a cost-effective solution for writing a business plan. You can hire a private consultant to write your business plan and this way you can get a strong business plan from an industry-level expert. Though a large business plan with three to five years of financial projections will cost you a few thousand dollars still it will be much less than hiring a firm. Many private consultants charge by the hour and let the client decide how many hours to budget for the work. But one thing is quite sure and that’s the fees will vary and the consultant might charge around $3,000 to $15,000 for a complete business plan. If it’s a large corporate project then you can expect fees ranging from $25,000 to $50,000.
Hiring Consulting Firm For A Business Plan
You can also hire a consulting firm to write the business plan of your business but you have to understand that it is a higher cost option. But, one of the key benefits of hiring a consulting firm is, you will get a comprehensive business plan written by a dedicated team whose members are specialists in marketing, finance, etc. However, you might have to spend many thousands of dollars to compile a business plan from a consulting firm. A lengthy five-year business plan might cost you a few thousand dollars and the price can be much higher depending on the amount of work and the amount of consulting required. For large corporate business plans, you might have to spend $30,000 to $60,000 depending on the work that needs to be completed.
6 Best Business Plan Writing Services
A well-written business plan is very important for the success of a new business. There are many business plan writing services available with decades of experience. Our experts have evaluated several service providers and listed the six best business plan writing services. They are –
1. Bargain Business Plan
2. Optimal Thinking
3. Wise Business Plans
4. Pro Business Plans
5. Go Business Plans
6. LivePlan
Bargain Business Plan
If you have a limited budget but require a high-quality, successful business plan then Bargain Business Plan is the best option for you. Some of their popular plans are:
Bargain Package
1. Price: $1599
2. SBA 7(a) Special!
3. 20-25 Page Custom Written Business Plan
4. Bank & SBA Ready
5. Basic Industry and Market Research Analysis
6. 3-Year Financial Projections
7. Basic Marketing Plan
8. Target Market Analysis
9. Free Consultation
10. 14 Days of Unlimited Revisions
11. Delivered in PDF Format
12. Draft in 7 to 10 Business Days
Optimum Package
1. Price: $2799
2. 30-35 Page Comprehensive Business Plan
3. Bank, SBA, Grant, and Investor Ready
4. Complete Industry & Market Research Analysis
5. Comprehensive 5-Year Financial Projections
6. SWOT Analysis
7. Exit Strategy
8. Strategic Marketing Plan
9. Detailed Target Market Analysis
10. Unlimited Consultations
11. 30 Days of Unlimited Revisions
12. Designed & Delivered
13. Professionally Bound Copy
14. USB Flash Drive
Economical Package
1. Price: $1999
2. 25-30 Page Custom Written Business Plan
3. Bank, SBA, and Investor Ready
4. Enhanced Industry & Market Research Analysis
5. Full 5-Year Financial Projections
6. Standard Marketing Plan
7. Target Market Analysis
8. Free Consultation
9. 21 Days of Unlimited Revisions
10. Designed & Delivered
11. Professionally Bound Copy
12. USB Flash Drive
L-1 Visa Business Plan
1. Detailed Business Plan
2. Complete Industry & Market Research Analysis
3. Comprehensive 5-Year Financial Projections
4. Employment Plan
5. Organizational Chart
6. Strategic Marketing Plan
7. Detailed Target Market Analysis
8. Investment Summary
9. 30 Days of Unlimited Revisions
10. Designed & Delivered in PDF
E2 Visa Business Plan
1. Detailed Business Plan
2. Matter of Ho Compliant
3. Complete Industry & Market Research Analysis
4. Comprehensive 5-Year Financial Projections
5. Employment Plan
6. Organizational Chart
7. Strategic Marketing Plan
8. Detailed Target Market Analysis
9. Investment Summary
10. 30 Days of Unlimited Revisions
11. Designed & Delivered in PDF
EB5 Visa Business Plan
1. Detailed Business Plan
2. Matter of Ho Compliant
3. Complete Industry & Market Research Analysis
4. Comprehensive 5-Year Financial Projections
5. Employment Plan
6. Organizational Chart
7. Strategic Marketing Plan
8. Detailed Target Market Analysis
9. Investment Summary
10. 30 Days of Unlimited Revisions
11. Designed & Delivered in PDF
Optimal Thinking
Optimal Thinking has 27 years of experience and they are best for startup and growing companies. Optimal Thinking has a 92% success rate with their business proposals which are really impressive. The pricing of a business plan varies from $5,000 to $30,000, depending on plan and scope. Some key features of Optimal Thinking are –
1. A one- to two-page accurately summarizing the business plan
2. Proprietary optimal strategies and benchmarks
3. Accurate description of the business model
4. A precise definition of the unique solutions of the business
5. A thorough description of the company’s development stage
6. A breakdown of the categories and profiles
7. An optimal description of the marketing and sales strategies
8. Comprehensive secondary market and industry research
9. The all-inclusive analysis of the current and potential competitors
10. A realistic demonstration of the ROI
Wise Business Plans
Wise Business Plans have a wide range of business plans from where you can find the best plan for your business. They have well-researched business plans with 20+ years of experience working in 400+ industries. The price of Wise Business Plans varies and usually, it starts from $2000. After finalizing the plan Wise Business Plans charges $199 per revision. Wise Business Plans have 12 types of business plans. They are:
1. Investor Business Plan
2. Bank Business Plan
3. Strategic Business Plan
4. Nonprofit Business Plan
5. Franchise Business Plan
6. L-1 Business Plan
7. E-2 Business Plan
8. EB-5 Business Plan
9. EB-5 Regional Centers
10. Merger And Acquisition Business Plan (M&A)
11. Private Placement Memorandums (PPM)
12. Professional Feasibility Study Plan
Pro Business Plans
Pro Business Plans was established in 1999 and since then they are providing custom business plans to the small business community. Pro Business Plans take time to develop a detailed business plan that specifically focuses on specific issues related to a business. Pro Business Plans mainly focuses on startups, Canadian Provincial Nomination Program (PNP), nonprofits, etc. There is no pricing information available on the website so you have to contact the Pro Business Plans for the pricing. Their business plans are –
1. Startup Business Plan
2. Bank & SBA Business Plan
3. Nonprofit Business Plan
4. Market Research & Analysis
5. Business Plan for Investors
6. Immigration Business Plan:
a) L-1 Business Plan
b) E-2 Visa Business Plan
c) EB5 Business Plan
d) Provincial Nominee Program (PNP)
Go Business Plans
If you are looking for Visa Business Plans then Go Business Plans is the best option for you. Though, Go Business Plans can work with any industry, they have excellent success with E-2, EB-5, and L-1 visa business plans. Go Business Plans can compile business plans for investors, Small Business Administration (SBA) loans, and strategic and internal planning. Go Business Plans has custom pricing for their various business plans and it ranges from $2,000 to $10,000.
1. Startup Business Plan
2. Bank & SBA Business Plan
3. Business Plan for Investors
4. E2 Visa Business Plan
5. L1 Visa Business Plan
6. EB-5 Visa Business Plan
LivePlan
This is not a consulting service that writes the plans for you rather it’s software that helps you build a business plan. The price of this software starts at $20 per month and the pricing decreases when you purchase a six-month or annual plan. With this software, you will get an unlimited plan for the monthly fee. The pricing of LivePlan is:
1. $20 per month for monthly plans
2. $18 per month for six months
3. $15 per month for 12 months
Some of the key features of LivePlan software are:
1. One-Page Business Plan
2. Lean Planning
3. Share Securely
4. Export to PowerPoint
5. Business Model Canvas
6. Bank-level Security
7. 100% Confidential
8. Step-by-Step Instructions
9. 500+ Samples & Examples
10. Business Plan Template
11. Industry Benchmarks
12. Financial Forecasting
13. Sales Forecasting
14. Professional Documents
15. Budgeting and Financial Performance
16. Cash Flow Forecasting
17. Accounting Software Sync
18. Performance Dashboards
19. Milestone Scheduling
20. Create Multiple Plans
21. Multilingual Support
References:
1. https://www.gobusinessplans.com/how-much-do-business-plan-services-cost/
2. https://costhack.com/business-plan-cost/
Last Updated on October 24, 2022 by Magalie D.
Magalie D. is a Diploma holder in Public Administration & Management from McGill University of Canada. She shares management tips here in MGTBlog when she has nothing to do and gets some free time after working in a multinational company at Toronto.
