Wondering about the cost for a business plan consultant? It varies considerably depending on a whole matrix of factors. What are your needs for the business plan? Do you need to meet in person with the modelers or research team? How much detail does the document need, and who will you be presenting it to? These questions all bear on the issue of cost. The main factors you should consider in advance of receiving a quote are these:
• How complex is your industry, and what sort of advanced research do you need performed, if any?
• Do you need to interface in person with the development team? If you do, would you fly to them, or vice versa?
• Is it important to you that the engagement be open-ended, i.e., that you have access to unlimited revisions?
• Do you know from your funding source what the plan requirements are?
• Who will be receiving the plan – a banker, a private investor, a venture capital group, your company board, etc?
For most companies, including MasterPlans, a major driver in the cost of a business plan consultant is the intended funding source, as this tends to dictate the degree of research and modeling specificity required in the business plan. A bank officer looking to give you a loan against your house, for example, will not require the same level of sophistication and polish that a professional VC firm will when your business plan is one of 50 they'll be reviewing that day. Also, freelance business plan writers on Craigslist, usually right out of business school, will probably offer a lower price point than most of the established companies in the business planning market, as they have no overhead to cover. But consider that their lack of expertise and their competing demands may mean that your product quality suffers. MasterPlans has been focused exclusively on writing professional business plans even since our company was founded in 2002. We have more than 8,000 business plans created to date and no matter what your needs are, we've surely worked on a similar project with great success. Call us today at 877-453-2011 to talk about business plan costs and which one of our services is right for you.
