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How much does it cost to have a business plan prepared?

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❶For example, you could complete the written portion of the business plan and then have someone else help with the financials. The real cost are horrendous!

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A lengthy plan with three years to five years of financial projections may still cost several thousand dollars, but the total cost can be much less than hiring a firm because only one or two individuals are doing the work.

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A professional business plan consultant will generally charge between $3, and $15, for a complete business plan (although there are cases where $50, is justified). The low end applies for “simple” businesses such as a pizza shop, a small retail store, a hairdressing salon, etc.

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To determine exactly how much your time costs, multiply the value of one hour of your time by the number of hours you invest in developing the plan. If you hire a professional business-plan consultant, the rate will vary from person to person. Thumbtack, an online service that matches consumers with local professionals, quotes the average rate for a . The cost of a business plan varies greatly depending on what type of plan you need. Some plans may be as simple as an executive summary and a one-page financial worksheet, while others can be well over 50 pages .

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A typical small firm may offer simple business plans for as little as £1, (U$2,). More complex plans can cost as much as £5, (U$9,). Private Consultants. Using a private consultant to write your business plan can be a cost-effective way to get a strong plan written by an industry expert. A new prospect approached me to assist with preparation of multi year financial forecasts and a business plan in respect of a new business venture. setting up the business will cost several hundred thousands of pounds, for some of which he requires secured bank borrowings. He is fairly wealthy and not a "dreamer", having been in business before.