Business Plan Costs Vary!

So many people respond to out our advertisements and ask "How much does a business plan cost," not realizing the variables that could result in a thesis for an MBA on the topic!

Obviously, the type of business in the primary factor in costs, as well as purpose such as if the business plan is an internal document or for raising capital and how much. Companies with history and a great financial statement or assets need less detail that a startup when a capital raise is the goal. Assuming a market study is needed, the requisite scope may be local, regional or national for the competitive analysis and the market share and penetration analysis. If your business concept involves new, unproven technology, we may need to conduct more intensive research to properly write certain sections of the Business Plan. If you have drafts of the Business Plan and/or Financial Forecasts, including a cash flow analysis available; the quality and completeness of the draft documents will greatly affect our fee. If we are completing documents from scratch, the fee would be more than if we co-authoring with our client.

We have completed Business Plans ranging from five pages to over 80 pages, plus appendixes, and these Plans have been used to obtain funding commitments ranging from $60,000 to $75,000,000. Hence, our fees for Business Plans have been as low as $650 and as high as $75,000. That said, 80% or more of the Business Plans we complete cost between $1,250 and $5,000.