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Business Plan Writing Fees

Published on 09/06/2009 06:03:36

Business plan preparation fees depend on a number of factors including the complexity of the venture and how much research and writing has already been completed by the client. Our fees range from $2,000 to $9,000. After the scope of the project has agreed to by both our client and us, we provide a fee estimate.

We estimate the business plan preparation fee, based on the following list of factors:
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1. Stage of Company, meaning at what growth stage the business is: start-up, an established company seeking expansion capital, a company considering merger/acquisition, or a company using business plan as a management tool.
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2. Type of Capital Preferred, meaning what is the funding source: a loan from a commercial bank or SBA loan, from private lender, venture capital private investor or acquisition firm.
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3. Project Description meaning how much of the business plan preparation work has been already done by the client: a business plan drafted by client just needs review and polishing, the business plan has been substantially completed by client, the business plan has been partially completed by client, or none of the business plan has been completed.
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4. Scope of Company's Business meaning the number of products/service lines and divisions that are covered in the business plan: one product or service, multi product or several divisions, or a diversified company with several divisions and broad product line.
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5. Market Analysis Required meaning how much of the market research has been done by the client: the client has complete information on customers, market size and competitors, no information completed by client but is readily available, or the market information is not available and must be completely researched.
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6. Client Availability meaning how accessible the client is during the business plan preparation process: the client is easily available, the client is usually available, or the client is difficult to reach.
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7. Financial Data: there is no historical financials to analyze all projections drafted by client; basic financials are provided by client, which needs review and additions; all financial projections will be completed by a consultant; substantial financial history is provided by the client and all projections will be done by the consultant; the historical date must be recast by the consultant (for mergers/acquisitions).
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8. Narrative Section of Business Plan: the company's operations are easily understood and little explanation is required; the company is in a technical field which requires significant explanation; it is a highly complex project which requires substantial explanation.
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9. Client Accessibility: the client has written business plans before; the client has owned,
managed or financed other companies; this project is client's first entrepreneurial experience.
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The more difficult and time consuming the business plan will be, the higher fees will be.

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