When you are starting a business, there are a lot of steps you will need to take to get on the right path. For instance, you need to think about registering your business name and applying for the right premises or licenses. These are going to depend on your business model. These are undoubtedly key steps but at the heart of your business strategy should be a solid business plan. This is going to help you grow and develop your business, ensuring that you start off on the right footing.
Why Do You Need A Business Plan?
There are numerous ways that a business plan could benefit you and your company. A business plan write-up is essentially the road map that you need to get your company moving in the right direction. It will provide you with steps to navigate through each point of managing and starting your business. You can use a business plan to decide how to structure your company and how you should move forward over the next few years.
Typically, a business plan will look at projects between three and five years ahead of your company. The best business plan writing services will outline the path that your business is going to use to make money and grow your company. This isn’t a one-time document. It can be accessed and utilized for a variety of different purposes as your company continues to expand.
The right business plan writer will ensure this is a tool you can use to secure funding for your company or ensure that new business partners are interested in joining the fold. It will be crucial in ensuring that people believe working with you will be the right choice in the long term and strengthen your position in the market.
How much does it cost to have someone write a business plan?
The price to hire a business plan writer can vary between $1,500 to $10,000 USD, with the average cost being around $2,500 USD.
The expense will vary depending on the type of business plan that you need. This is contingent on the company that you are running. Writing a basic business plan could simply include a one-page financial worksheet as well as an executive summary. However, a business plan writer’s cost will be far greater if they need to include more than fifty pages and numerous financial projections. Before you start exploring costs you need to ensure that you understand the type of plan required for your company.
The cost may also depend on the service you choose. You can explore help writing a business plan from a professional service. A professional business plan writer’s cost will usually start at $1,500 for simple plans with the cost increasing based on the size of your company and the number of staff members that will be operating within your strategy.
Another option would be to use a traditional consulting company. This could be ideal if you are keen to raise a large amount, using your business plan as evidence of your business’s potential for the future. A five-year plan that includes five years’ worth of financial projections could cost at least $5,000 USD. Although the total price will depend on the level of work necessary and the amount of consulting that will be required.
Plan writers may also have different models they use to charge for their services. For instance, some business plan writing services will charge by the hour. This could be beneficial as it allows you, as a client, to decide on how many hours you can afford based on your budget. On the lower end some newer writers, and professional writers working overseas will charge $25 USD per hour, whereas the most experienced business plan writers will charge around $150 to $200 USD per hour. The average hourly rate of a business plan writer is approximately $50 USD per hour.
Professional business plan writing services will provide you with various options when you are choosing the right price for your budget. Make sure that they can work within your set budget and are flexible enough to provide for your needs.
Have Questions? Looking To Get Started?
Who Can Write A Business Plan For Me?
If you are looking for affordable business plan writing services, you might be wondering who can help you.
Writing a great business plan is not an easy task. It does take a certain level of skills. To ensure that you get a fantastic final result that you can use for the purposes we’ve discussed you need a top business plan writer.
There are local local business plan writers and there are also international writers who can handle creating your plan remotely. Some people will recommend that you choose a local professional if you need help writing a business plan. It will be easier to engage with them and they are more likely to have a solid understanding of the local investors that you are hoping to pitch your plan to.
You could consider hiring a freelancer to create your business plan or you might want to consider looking at using a company that specializes in these services. Companies that write business plans have numerous experts on hand that can help you and ensure that you get everything you require out of a service like this. They will handle the tricky parts of writing a business plan for a start-up such as the future financial projections. These need to be as accurate and realistic as possible to ensure that they can be used to strengthen your pitch.
If you are looking for a professional business plan writer, you need to make sure that you do think about whether they are suitable for the job. Make sure that they have ample experience and particular experience in writing up plans for your type of business. For instance, if you are running a restaurant or starting one up, then you need to think about hiring one of the many restaurant business plan writers. The reason for this is that they will have a clear understanding of the requirements of this particular industry.
There are numerous companies on the market that could help you. You could look at a Scotiabank business plan writer or a Futurpreneur business plan writer as just two examples. It’s great if you can compare a few different businesses like this. That way, you can find a baseline rate that companies like this will charge and ensure that you are receiving the solution that will provide the highest quality standards.
Can I pay someone to make a business plan?
You can pay someone to make a business plan for you and this is highly recommended. If you pay someone to do the work, then you can usually guarantee a high standard of service compared to the free resources that are available to you. Business plan writing services costs can differ depending as mentioned but you should be able to find an option on the market that will fit your budget. If you want to write a small business plan or rather get a pro to do it for you, then there are experts that can work with an SME budget. As such, you won’t have to worry about this pushing you into debt.
Can I write my business plan?
You might be interested in a business plan writer-free solution. While you might be able to get someone to briefly look at your business requirements, you will never find a professional business plan writer who is willing to work for free. The only way to get a free business plan is to write it yourself.
However, you will still need to factor in some costs. For instance, you need to make sure that writing your business plan doesn’t take you a massive amount of time. To avoid this, you will need to invest in the right software which can cost anywhere between $50 and $500 USD. There are free resources as well as business plan templates available online to help you craft your business plan. You could start by looking at the guides offered by the US Small Business Administration.
You can find a step-by-step guide to write a business plan using the SBA’s Business Strategy Tool. However, even with these available resources, the cost to write a business plan using a professional service could not be worth it when factoring in the time it takes for an entrepreneur.
You might think that you are the best person to write your business plan because no one knows your company better than you. This does make sense, however, writing a cohesive and well-structured business plan does require the right level of knowledge and expertise. If you don’t have experience in this area, then it’s possible that your business plan won’t have the professional touches that investors expect. The best business plan writers understand exactly what needs to be included and they will make sure that your plan ticks all the right boxes.
Furthermore, they will ensure that your business plan does match the right professional standards.
If you want to save money on your business plan, there are two options to consider. EIther you can shop around to find the right affordable business plan writing services for your budget that will still deliver the level of quality you need. Or, you can think about completing the leg work yourself and then reaching out to get help writing a business plan or perfecting the pages you have already completed.
A business plan will always cost less if you start with the right level of research and make a draft without help first. You can then introduce it to one of the best business plan writers so that they can review and complete it for you. Many top business plan writers will include you in the process and ensure that you have a clear input about the final project.
This option can be useful if you are confident that you can convey your business idea but you need a little extra support putting together financial projections that will be deemed realistic.
How do You Recognise A Great Business Plan Writer?
Finding a great business plan writer isn’t as simple as simply searching for ‘professional business plan writers near me.’ Instead, you need to make sure that you know the signs of a great writer that you can depend on. Remember, this is not a one-time task. It’s a continued practice that will be a cornerstone of your business model for the foreseeable future.
As such, you need to make sure that you find a service that will be ready to help you in the long term. If a plan is going to be useful it needs to be reviewed regularly and various revisions will be completed over time. A business plan writer should be like a coach and the best business proposal writers will be willing to form a strong working relationship with you.
Next, you need to make sure that you are looking for someone with useful industry experience. This is the only way to guarantee that the information they provide for your plan will be accurate and realistic. You need someone who understands the metrics that matter and make sense for your business and your industry specifically. As an example, some business growth is based on traffic while others are more dependent on conversions. Your business writer should understand which is relevant for your company.
We hope this helps you understand how to get help writing a business plan. Remember, it’s important to consider a range of factors when choosing the right business professional or company for assistance with writing a business plan. You need to think beyond the initial plan and consider the actual service that you require.
If you are looking for professional business plan writing services near me in Google, then you’ll probably discover lots of possibilities. But you should always check the reviews and explore referrals before settling on a service that is going to provide the right support for your company.