Timelines vary greatly for creating a plan depending on the writer’s experience, the business type, the detail required, and how much industry and market research is necessary. There may also be other factors. In most cases, however, a detailed plan can be created within 2-3 weeks.
Business plan writers and companies charge very different amounts for their services, ranging from as little as $500 to as much as $5000 or more. A good pricing model is based on the factors mentioned earlier, such as length, complexity, research required, etc. Generally, $500 is not enough for a plan because of the many hours that go into creating one, and $5000 is way too much for clients to pay. That being said, a good, well-written and professional document of about 30 pages in length should be more in the range of $900 to $1500. This pricing structure is very reasonable considering that most of the work can take more than 50 hours to complete. In terms of an hourly rate, most professionals charge between $25 to $35 per hour.
The author runs InkSeal Business Plan Services, a company based in Toronto, Ontario, Canada, that writes and edits business plans, provides technical writing services and Internet marketing (SEO, etc.). InkSeal has a team of half a dozen other writers and editors to serve clients all over Canada, the USA and beyond.
Start-Up companies should contact InkSeal Business Plan Services and quote promo code “BIZPLAN9” for a 10% discount on the writing and editing of their business plans!