HomeBlogBusiness PlanWhat to Know Before Hiring an Business Plan Writer: Costs and Timelines

What to Know Before Hiring an Business Plan Writer: Costs and Timelines

What to Know Before Hiring an Business Plan Writer: Costs and Timelines

hiring business plan writer

Hiring a business plan writer is one of the most important decisions that a business will have to make.

Hiring a business plan writer? A business plan not only helps you get investors, but better understand what you want from your business and what value you want to provide your future customers.

However, if you are in the actual manifestation phase of getting your business off of the ground, and you find yourself a little stuck, it may be time to hire a business plan writer. This writer will work specifically with you and your vision and help you write your business plan in a manner that is clear, concise, and enticing to potential investors.

Hiring a professional business plan writer is a great idea if you are serious about getting your business up on its feet, because they know what it takes to write the best business plan possible. Here is a little bit more about why you should hire a business plan writer, the cost of working with one, and the expected timeline:

Why Hire a Business Plan Writer?

There are several instances that may require you to hire a business plan writer to help you with the planning of your new business venture.

Although business plan writers are very helpful, they may not be as useful to some business owners, such as those who have already opened a business before, especially if the old business is the same kind as the new one. Basically, if you already have experience in business or in writing a business plan, then hiring a business plan writer might not be the right option for you.

However, even those who have worked in business for many years may need a little extra help. Not all businessmen are skilled writers, and not everyone has the time to sit down and bang out a business plan that is good enough to get a new business funded. It all depends on personal preference, and the amount of time that you have.

For the most part, if you feel like you could use a little extra help on getting your business of the ground, then it is wise to hire a professional business plan writer. Not only will they take some of the hard work off of your hands, you won’t have to worry about it not being the best quality.

The Cost of Hiring a Business Plan Writer

The cost of a professionally written business plan depends on the type and caliber of the business that you are working on opening. Generally speaking, a professional, high-quality, and all-encompassing business plan will cost you between $3,000 and $15,000. This may seem like a lot of money, but considering all that a business plan can do for helping you to gain investors and get your business running, it is an investment that is worth making.

The lower end of the cost for a business plan would be for businesses whose business models are a bit simpler, such as a coffee shop or a small retail store. These businesses do not require an incredibly complicated business plan because they are a little more straightforward.

The more expensive business plans include businesses that require a large investment capital, have multiple revenue streams, or involve complex technology. A good business plan writer will be able to work with you to determine the true complexity of your business model and give you a fair price for your completed business plan.

The Timeline of Working with a Business Plan Writer

The most important thing to avoid when hiring a business plan writer is a writer who believes that working with you on your business plan is a one-time thing. You really should be working with your business plan writer throughout the evolution of your business, because things will most definitely change and in turn, your actual business plan and model will need to evolve with these changes as you begin to get your business off of the ground.

This means that you should expect to work with a business plan writer throughout the inception of your business, because just when you think you are done, something else is sure to come up or change. This also means that you should make sure that you have shared values and a good relationship with the business plan writer that you hire.

If you’re ready to get your business off the ground, give us a call to schedule your free business plan consultation today!

Author Details
Ishan Jetley is the founder and managing director of Go Business Plans. Ishan has helped fund more than 400 businesses. He has helped businesses raise $150 million in business working capital, inventory and commercial property loans.
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