Are you planning on starting or expanding a company and need investment? Investors are likely to request a business plan or pitch deck of some kind.
As more companies work to raise investment, the importance of having a quality business plan continues to rise from startups to mature companies, investors will want to be informed.
Whether you’re building a startup from the ground up and seeking your first investment round or have a mature company and need a business plan in place to garner new insights, having a professional to help conduct research and outline the model is imperative.
It’s important to know that the quality of the service provider is very important because it will shape the quality of the work. There are many unqualified business plan writers in the market, but also once must consider the balance between price and quality.
Fortunately, we have prepared this review of the top business plan writers and service providers in the market to aid your search.
We’ve compiled a list of the top business plan writers based on a review of their quality, credentials, and expertise.
Here are the Top 5 Business Plan Writers
Go Business Plans: best business plan consultants
Pitch: The best value with Pro Business Plans is that most of its team members come from Big 4 accounting firms or have prior experience working in venture capital or investment banks, so you end up getting top-notch talent without the price tag of a major corporation. They also have a lot of expertise and relationships that help business owners tremendously.
Specialty: Investor business plan, bank loan plans, strategic planning, financial projections, market research
Pitch: With many years of experience, Growthink has worked with many companies and assists in not only assisting with your business plan, but also business consulting in many aspects. They also provide many other services such as business analytics, banking, products, and other services geared towards helping business owners.
Pitch: Before Master Plans changed hands, it was a powerhouse and leader in the business plan writing service space. Post-acquisition customers are claiming it is not quite as focused, but still a top notch provider that is recommended for those particularly also seeking franchise support and related services.
Specialty: Immigration Business Plans, Investor Business Plans, Franchise, Legal Attorney Matching
Pitch: Cayenne has been around for a long time and is another good provider of business plan writing and consulting services. They have a good senior management team that has a lot of case experience which can be helpful to startup and growth stage companies of all kinds. They also can prepare additional investment related materials such as private placements and more.
Specialty: Business Plan Preparation, Pitch Deck, Financial Forecasting, Franchises, Turnaround Consulting
Sometimes you cannot always afford a top agency to assist with the plan and would prefer to work with a freelancer. While we cannot recommend any specific freelancer, there are many websites, UpWork being the most notable which feature many freelancers that can assist with the plan. This may be the best option for those that cannot afford agency fees.
How much will it cost?
There’s no fixed cost for a professional business plan, it depends on several factors such as the qualifications of the team, complexity of the business, stage, and type of capital you are raising. Generally, custom business plan writing services change anywhere between $1,500–6,000, but plans can easily run more than $10,000.
Of course there are always freelancers available to do it cheaper, but this can be risky and time consuming, as there is usually not a project manager or structure in place that would be at an established firm or agency.
How long does it take to develop a business plan?
This really varies depending on the type of business plan being created but most agencies will get you a draft within 2–4 weeks, after which you would collaborate on that draft to completion with the average engagement wrapping up within 4- 8 weeks. Every project is unique, and it often depends on how engaged you are as an end client in providing feedback.
The typical business planning process
There a structure that most business plan writers follow, we can’t say that every company’s method falls under this process, but it can help you to get a general idea of what to expect.
What things should I look for when hiring a company?
When hiring a business plan writing company, we usually recommend considering a few key points that will help you screen out who is best, we’ve listed them in order of importance.
This guide was based on the business plan consultant rankings from Wimgo, a company that ranks service providers in the United States.
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