Wondering about a fair business plan retainer? All consultants work differently, with their own contracts and agreement forms, but it is customary to expect to pay 50% of the base value of a set-fee engagement prior to getting started with your consultant. Some businesses will request a higher percentage, particularly for payments by check, while freelance consultants might even take on the engagement without money up-front in exchange for some additional consideration at draft. While perusing the online world of business planning consultants though, don't forget the most important differentiators that make it clear which companies are your “best bets†– try to determine:
• Years in business
• Number of consultants on staff
• Whether workers are 1099 contractors or true employees
• The backgrounds of successful clients (verifiable testimonials)
• The assurance of SBA-level criteria for bank plans
• And so forth
The business plan needs to provide an integrated look at what your company can achieve. Whether you have a new start-up in mind or are already in business and just need some more money to explore a fresh opportunity, your document should explain what you do, what the market is, who you're competing against, and how you promote yourself in a concise and compelling way. The pro forma, whether three years or five (rarely is more required) should give a digestible snapshot of exactly how you'll earn revenues, cash flow your business, and ultimately generate a tidy profit. MasterPlans charges a 50% retainer and always provides honest and diligent work for clients. We have proven it time and again since 2002, with more than 11,000 clients fulfilled to date. (877) 453-2011.
