Business Plan Questions Answered
Cultivating
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Nurturing
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Cultivating | Nurturing | Fostering | Growing |
Frequently Asked Questions
What is the purpose of a business plan?
A business plan serves as a roadmap to guide businesses toward their goals, secure funding, attract talent, and assist in making informed decisions. It's a dynamic document that evolves with the business and should be regularly reviewed and updated as circumstances change. Business Plans with Financial Forecast are often required for business lending requests.
What business stage might need a business plan?
√ Startup Businesses
√ Existing Businesses - Expansion
√ Existing Businesses - New Product or Market
How much does an average Business Plan cost?
A business plan typically costs between $1,000 and $25,000, with some exceeding $50,000. The price varies based on factors such as the quality and complexity of the plan, as well as the amount of time required for completion.
Freelance Consultants $1,500 - $5,000
Business Plan Firms $5000 - $20,000
High-End Consulting Firms $20,000 - $50,000+
Do you provide ongoing Business Consultation services?
Yes, I do offer Business Consultation services, which encompass discussions, reviews, and inquiries related to business finance or strategies. I'm flexible with the frequency of consultations. I'm planning to expand the range of services I provide.
Do you ensure the confidentiality of sensitive or proprietary information?
Yes, I take your information very seriously, and as a former banking professional, trust and confidentiality are extremely important to me. To further protect your ideas, I include a Confidentiality Agreement in your Business Plan to use.
Do you offer customization and alternative document format options?
Yes, we offer customization because we understand that each business and client's vision is unique. We provide a range of document formats, but we recommend ones that can be easily edited if necessary.
How long will the Business Plan writing process take?
In general, most Business Plans can be completed within two to three weeks. Timely provision of requested information is crucial for project efficiency. For more complex businesses, completion may extend up to 30 days.
Next Steps - Booking Your Project
Book Project – Complete the short assessment, choose your plan, and make the initial deposit to start your project.
Schedule Initial Meeting - Let me know if you want to meet virtually, audibly, or just via text; and send all requirements requested.
Build the Plan - You and I work on the following together:
√ Complete Business Questionnaire
√ Research and Analysis
√ Schedule Comprehensive Marketing Plan Consultation (if applicable)
√ Draft Business Plan
√ Schedule Financial Forecast Projections Consultation
√ Write and Share a Complete Business Plan
√ Revisions - Bronze (2) Silver (3) Gold (4) - Revisions will be provided after Step 4 and Step 6 for all Business Plan Packages. An extra Revision will be offered if you include a Comprehensive Marketing Plan and/or Financial Forecast Projections a la carte.
Review the work, release the final payment, and provide feedback.
Schedule regular coaching and/or refer others.
