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For larger business or entrepreneurs with limited time, professional business plans from a consultant or business services firm can cost anywhere from several hundred to many thousands of dollars. Business plans are written documents containing all details of your business startup and operational objectives and strategies. Startup and operating costs, sales, marketing advertising and sales strategies, pricing and profit margins, supplier lists, insurance information and other topics are included to give you blueprint of your business.

They are also used for obtaining business loans, securing investors and for other analytical purposes, and may be modified as the business matures to better outline and guide future operations. A business plan is not mandated or required for any business unless requested by an outside entity, and there is no "set format," so you will save money by doing it yourself if time permits.

Business plan providers and business consultants are available for hire to complete your business plan. Some firms charge by the hour, with others charging a flat fee based on the complexity of the plan.

Costs vary widely, and are only as good as the information you provide, with better plans including multiple stages of the plan process. The business plan process begins with an analysis and outline, for which some companies will charge hourly rate, or a flat fee of several hundred to several thousand dollars. The resulting outline is a written report given to you that highlights and details the information before it is transferred to the business plan document.

If you are paying an hourly fee, you may save money by providing the company with as much detailed information as possible. Research, phone calls and other information-gathering activities will add to the hourly rate. If you are using your business plan to attract investors, obtain financing, venture capital or grants, a professional business plan company can provide plans with the necessary format and information needed to suit the particular objective.

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Q: I've managed to partially write a business plan, but I lack some crucial elements. Do I need a consultant? I would like someone who doesn't charge high fees. A: It's a .

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Should You Bring In A Consultant To Help Develop Your Business Plan? and maybe even write the business plan for you. However, If not, then you should definitely consider hiring someone to help you develop the concept, research the market and competition, construct realistic financial projections, and help you explore some of the . Should You Hire Someone To Write Your Business Plan? I co-own a startup company recently founded between myself and a partner. Neither of us have the core skills to write a clear and coherent business plan.

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I co-own a startup company recently founded between myself and a partner. Neither of us have the core skills to write a clear and coherent business plan. Planning, Startups, Stories Tim Berry on business planning, starting and growing your business, and having a life in the meantime. As Tim Berry sagely points out in his blog, on the same topic, if you are going to have someone else write your business plan, how would you [ ] Reply. Jim Herter says: October 14, at pm. No doubt.