Several small businesses are scared to write a business plan. It is as scary as going to a dentist for them. As per the research, companies with a professional business plan generate 50% more revenue (as compared to those which do not bother paying attention to it).
If research or writing scares you, you can also go for agencies or freelancers who provide professional business plan services. It does not matter if you have just started a business or are a well-established entrepreneur; professional business plan services providers give financial help. These professionals know how to gun down big investors and venture capitalists to provide you with the required resources.
Moreover, these professional business plan service providers also help small businesses by delivering market research. It helps the company stand in the crowd of its competitors since it has all the facts and data. With this handy research, you can improve your services/products and increase your profit margin.
A business plan is critical for a brand/company since it contains all data and factual information (goals and objectives of a company with the strategies to achieve them). So, always hire an expert and qualified business plan writer to get proficient impressions.
How much do professional business plan services providers charge?
There is no fixed price, professional business plan services providers charge between two thousand dollars to twenty-five thousand dollars. The charges differ and depend on the factors such as the complexity, quality, and length of your business plan.
For small businesses and companies, writers and consultants charge a few thousand dollars as they do not require in-depth research and work. However, for the big and progressive companies/businesses, the price goes up by over ten thousand dollars. The business plan for developing companies is more complex and detail-oriented.
Moreover, some professional business plan service providers charge per hour. These private consultants will rewrite or write a new business plan for you. They charge between fifty dollars to three hundred dollars.
Before hiring any consultant or agent, ask about the services included in their package. Make sure they provide the following points:
1. A comprehensive business plan that includes marketing and financial plan.
2. A customized business plan that focuses on the needs and requirements focused specifically of your business or company.
3. The business plan they are providing should be well-researched. It should include all the relevant information related to the industry or company. Moreover, the business plan must have a thorough competitive analysis since it is crucial.
Whom to choose?
There are several companies and freelancing platforms that provide professional business plan services. The thing to remember is the quality they provide; their standards vary from one another drastically.
If you do not want to write your business plan and have decided to hire a professional, be very useful.
Another prime thing to keep in mind is that the quality of the business plan depends upon the fees you are paying. If you hire a cheap consultant or writer, get ready to have an awful quality business plan. You can never get funding or attract good investors if your business plan does not look professional.