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How Much Does It Cost To Prepare A Business Plan

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❶A 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. Although creating a business canvas still requires thoughtful consideration, this type of document is often recommended for smaller businesses that do not need to spend their finances on creating lengthy documentation or in seeking out business investors.

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how much does it cost to prepare a business plan

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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.