What's the price to write a business plan with the help of a consultant?
I recently open a consulting company in Hong Kong focusing on business planning, performance management and management training.
My question is related to business planning. I help entrepreneurs to write their business plan by providing them with a structure and a one on one coaching.
It is easy to find the price for books, templates and all sorts of "Do it Yourself" alternatives. But when it comes to consultant I couldn't find much fees. I have a transparent price policy for my business but most of consultant don't.
Does any of you has some ideas of how much a consultant will charge?
For your reference you can have a look at my website:
Thanks for the help!
we use a business plan price overview to show how volume requirements, degree of difficulty and objective of the business plan influence the budget needed to write a high-quality plan. You can check out this overview at https://www.brainhive.de/en/business-plan-writing-services-cost/
Let me know if this was helpful for you. If you have any more questions, we would gladly answer them.
Regards & much success for your project!
It should vary depending on the client and their needs and goals. For example, I would charge anywhere from $2,000 for a very small client with small goals to $10,000 for a "large" start-up company with big plans and income or funding needs. (USD, total charge for the project).
when you talking about the fees... is it 300 to 1000 USD a day, a hour or other?
It seems like a very high daily rate, but anyway new businesses, probably will ot afford...
As an economic developer back in Canada, I used to see consultant quotes ranging anywhere from $300 to $1000 Canadian per day. This was dependent to a large degree on the experience and qualifications of the consultant. Time to the completion of a full plan ran from 20 to 30 days. Some (free) advice to you in preparing business plans: 1) NEVER, EVER cut corners by cutting and pasting between one client's plan and another. It's completely unethical and unprofessional and funders despise and blacklist consultants that do this; 2) make sure the numbers in your pro-forma financial projections MAKE SENSE. Provide best case, worst case, and most likely projections, and double and triple check your balance sheet numbers to make sure they actually BALANCE!
I have charged from nothing if people look at my website and follow the advice to more than $50,000 per year. The answer depends on the value of what you are providing. I see business planning as a learning process where the business is learning to become agile and capable in meeting current challenges and exploiting available opportunities. Your website suggests you are providing useful processes and I'm happy to share my website with you too www.RussellYardley.com
Really depends on the consultant, their experience, their pricing model and how "custom" the business plan portion is.
I'm hesitant to trust anything below $2,400 and hesitant of being gouged for anything over 50k.
For some reasons, I just think there are no such things as business plans. Well..
there are, but not in that sense of it
The business terrain today is highly dynamic. So your plans today might not comply with the trends tomorrow.
These are the steps I think would help one execute a business plan as it were.
1. You get out.. do whatever u wanna do...If it works..That is your plan.
2. If it stops working repeat 1.
Basically, experimentation is the new planning.
Out of my experience in asia and I live here for 15 years now and specially in the Greater China people are not willing to pay consulting fee but if they pay it will be not more then lets say around HK$500 unless you build your reputation so high that than will pay around HK$1500-2500. Welcome to Asia my friend..
Hi Laurent I would recommend a daily rate of £500 to £1000 depending on the level of work that you are doing for your clients.
Hope that helps Good Luck Malcolm
Having been an owner of an international "Business Development Company" (never a "consultant") within the food industry for over 30 years, I can tell you your work is never done. Clients have great expectation for your services and measure their success (and their dollars) not but what you say as much as what you do and how well you do it. Don't try and be all things to all people. Never, never keep a client more than three years unless you acquire an equity position. If they haven't made it over the hump by executing your business plan and plan-of-action in three years, they never will and you're wasting your valuable time.. Never sacrifice your principals or values. You are in command and your fees will express your expertise. Trust me; charging too little will only create aggravation. Charging a high amount ensures great expectations but creates great rewards. You're helping people and/or companies set a new course. You're taking the helm of their ship. Don't allow a mutiny.