Different Types of Business Plans
Start-Up: This is by far the most common business plan . It is a great choice for new companies and businesses to show to investors to secure funding. Information such as products, services, market growth expectations, financial information and more are covered in this plan .
Internal: A business plan isn’t just for investors. This type of business plan is a little less detailed that than the start-up plan . It is intended for use by the company only and generally does not include financial projections or detailed company descriptions. Information is generally presented as a series of bulleted points for easy reading and reference.
Operations: This plan and the internal style plan are very similar. One main difference is that the operations plan may also include goals, deadlines and company objectives.
Strategic: If you are looking to get your company in order, the strategic plan may be right for you. This plan will help your company by setting and establishing priorities and goals.
Growth: Is your company ready to start a new division or turn a new corner? If so, the growth plan is for you. This plan is much like a start-up plan for the new segment or area of your company.
Feasibility: This business plan helps you clarify your need for a plan . It helps you determine if things are possible that you are considering. Usually this plan is used to determine if other plans are needed.
Plan writing services will not only help you create your plan , they will also help you determine which plan is right for you.
What Will Determine the Price of My Business Plan ?
Pricing on plans is determined by a variety of different factors. These different factors can result in huge variability in the overall business plan pricing structure. This can make it difficult for unskilled customers to accurately determine an estimated price. As you look at price quotes, bear in mind that these factors will play a huge role in your final price.
Time of Turnaround: Do you need your business plan quickly? It’s going to cost you. An expedited plan can easily end up costing double or more than a standard business plan . If you hope to save money on your plan , plan ahead. A week or more is the standard turnaround time if you want to avoid extra fees.
Skill and Experience: A lot of times when it comes to plans , you get what you pay for. If you want a high quality, expert plan , expect to pay more. The best companies employ highly experienced staff with banking experience and high level degrees. These plans are much more effective but are also much more expensive.
Lower priced options are much more rudimentary. They use a standardized approach and simply input your company’s specific information. The overall quality of the final product will vary greatly from company to company.
Another point to remember is that specialized plans cost more. Some companies have carved out a special niche creating business plans for new business, those looking to get loans or new investors. These specialty services will charge a higher price than standard companies as well.
Level of Preparation: Each company requires a different level of preparation. Some will do the work and the research for you. Others will expect you to spend hours gathering information that they will simply input into your plan . The more time you spend, the less you will generally pay. Also the size and the complexity of the plan can cause quotes to fluctuate.
As you gather business plan quotes, make sure that you are comparing across the board. Do not get one quote for a simple plan and another for an in-depth plan from business plan writers. This will make it impossible to determine the best rates. Also remember to question the reasons for price variation. If one company charges a lot more or less, there is probably a good reason. Determining the reason will help you decide if the extra money or extra savings are worth it.