Business Plan Cost

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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.

This type of plan usually on the more expensive side and you may be charged hourly or an estimated flat fee depending on the providing company, your business type, and complexity and the nature and purpose of the plan itself.

Low-cost software – for under $12 a month – is available from private companies and other sources to aid in the outline and completion of your business plan, or you may simply list topics, costs and other associated information in a notebook for reference.

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.

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.You will need to research each item to determine the cost for your particular business circumstances.Once you have all of your items listed, total the amounts under your group headings.Download our Start-up costing template to access an alternative version of this template.See Finance for more information on managing and seeking finance.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 aren't mysterious or difficult to write, but they can be complicated and time consuming depending on your operation.If you are a small business and do not require a professionally produced plan, the cost to produce one yourself is equal to the hourly rate you've placed on your time plus the cost of any training or software you choose.Matt Mc Kay began his writing career in 1999, writing training programs and articles for a national corporation.The analysis fee is charged for the business plan writer to analyze all of the information you've provided.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.

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