How Much Does Business Plan Cost?

A professional business plan costs between $2,000 and $25,000. A small business plan costs $1,000 if it is a custom plan and it is cheaper if it uses a template.  

The business plan cost depends on factors like length, size of the company, writer’s expertise, need for extra services, turnaround  time, company’s budget, type of business plan, and stage of business. One should expect a comprehensive, customized and well researched business plan at the very least.

Professional business plan writers working for a company are the best to hire than freelancers. Company business plan writers are experts in their field, resourceful, offer customized business plans, faster turnaround time, customer centric, and reliable. 

Do All Business Plan Services Cost the Same?

No, different business plan services have different costs. Professional business plan services vary in prices because of their nature and the expertise of the involved parties. 

Business Plan Writing Services Cost

Business plan writing services cost starts from $2,000.  For small businesses, their business price is from $999. The writer may have a price list based on the needs of the person seeking help in business plan writing services.

Business Plan Consultant Cost

The cost of business plan consultancy may go up to $25,000. The business plan consultant fee is determined by the hours of consultation and the number of services that you need. A consultant for business plan may charge more if the business is complex and demands imput of different parties. 

Business Plan Writers Cost is Affected by various factors

Business plan writers cost varies depending on factors like length, size of the company, writer’s expertise, need for extra services, turnaround time, company’s budget, type of business plan, and stage of business. For a writer that plans to use complicated or new technology, rates will be high.

It is imperative to choose a business plan writer carefully as their quality of work could dramatically vary. Expert business plan writers are normally in great demand and charge a higher price. Business plan pricing depends on the following list of factors.

1. Length of the business plan

The length of a business plan varies amongst businesses making it a major factor determining the cost. The correct length depends on the nature and purpose of the plan. Does it include a good executive summary enough to stand alone? Is the mission good enough to convince the reader to get involved in your business? The cost of a longer business plan is higher than that of a shorter one since the time and resources invested in both varies.

2. Size of the company hiring the business plan writer

The size of the company hiring the business planning services is a major factor in determining the cost of the business plan. Companies of different sizes; small, medium, or large corporations would require a business plan. However, the business plan creation fee will be higher for large corporations than for medium and small businesses. This is because a large company will require a business plan with thorough market analysis and detailed plans about business operations.

3. Level of expertise of a business plan writer

Level of expertise is a major factor that influences the cost of a business plan writer. You have an opportunity to select the most experienced writer for your business plan. Depending on your budget you would determine the level of expertise of the writer who makes your business plan. An experienced business plan writer will charge a higher price than one who is just starting a business plan consultancy career. The experienced one will ensure you get a pro business plan. A less experienced writer will not help you achieve your business goals. Choose to work with our business plan professionals for high quality. 

4. Need for additional services

Additional services are a key factor that influence the variation in prices for business plans. Some business plan writers will offer additional services like pitch deck presentations, business proposal writing, and grant proposal writing which determine how much the business plan will cost. The additional services determine how much you pay for a business plan. 

5. Turn-around time of the business plan

The time taken to write a complete business plan can vary depending on the complexity and depth of research required making it influence the cost. Most business plan writing service providers take between 40 to 500 hours to complete your full plan. If you are looking for a rapid business plan, you will have to pay more. The expert has to prioritize your work by working extra hours if you need it urgently which resonates with the higher charges. For longer turnaround time, one would get a cheaper business plan.

6. Company’s budget for the business plan writing services

Companies of different sizes have different levels of revenues which is a key factor of their budget for business plan writing. A small business is likely to operate with a smaller budget than a big company. In their decision to buy a business plan, small businesses will allocate a lesser amount but seek to maximize on the value that they will get. Large corporations spend huge budgets in having their business plans written. 

7. Type of the business plan

Different types of business plans have different costs making it a major factor for pricing. Writing a business plan is a key step at the start of a business since it gives direction. Startup businesses need a business plan to define its course and provide possible sources of capital. Investors will want to see how much your financial projections are to see if the business is viable or not. If you are not experienced in writing business plans that would guarantee loan approvals, you should pay someone to write a business plan for you.

8. Stage of a business

The stage of a business is a common factor that makes the price of the business plan vary. Businesses are usually in different stages which may be determined by their size in terms of age, revenue, and experience. While seeking business plan writing services, companies are required to indicate if they are startups, continuing, or expanding. Depending on the stage of the business, the business plan writing company charges different prices for its services. A  business plan for a startup is likely to be cheaper than that of a continuing business.

Cost of hiring business plan writing company vs Freelance writers

When selecting between a business plan writing company and a freelancer writer, cost of the business plan writer aspect is a key factor. A freelancer will charge  for a business plan between $500 – $999 and take around 60 hours to complete but they do not guarantee quality.  A professional business plan writing company will charge an affordable cost of between $2,000 and 25,000, but give you a reasonable and actionable business plan. 

Apart from price of the business plan which may be higher for professional business plan writers, below are the benefits of hiring a business plan writing company againist Freelancers with each aspect being evaluated for both categories. 

What would make you hire affordable business plan writers from us?

UpliftPlans offers cheaper business plan writers compared to other business plan writing companies. Our business plan writers are professional and highly experienced. We bring a fresh perspective to your business through strategic planning. Our writers provide you with customized business plans while guaranteeing quality. To eguarantee value for your money, all our writers are regularly tested for updates in business plan writing.