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Share on Facebook Just as businesses vary in size and value, the business plans that describe them vary in structure, length and cost to produce. The main factors that determine the total cost of producing the plan include the length of the plan, the amount of time the business invests in the document, and the tools or services used.
Cost in Time The old adage that "time is money" is certainly true when putting together a business plan. To determine exactly how much your time costs, multiply the value of one hour of your time by the number of hours you invest in developing the plan.
If you hire a professional business-plan consultant, the rate will vary from person to person.
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Consultants not only write plans; they also review plans and make recommendations, based on work you have completed.
Cost for Software If you choose to write the plan, a variety of software is available to make that an easy task.
Many of these tools are free downloadable templates from organizations such as the U. Although these templates are fairly detailed and include instructions on how to fill them out, they are basic in design.
If you want a business plan that has color charts for financials and a professionally designed layout, you can purchase software for a PC or an iPad.
Some packages include teaching units, as well as several example pages, in case you get stuck on a section. They may also include programming that calculates sales and growth projections, based on your actual figures, and they automatically create charts and graphs to include in the plan.
There are also business plan writing programs available from vendors who charge a monthly fee. Financial data can be tracked, along with your budget and sales goals, so that necessary adjustments can be made. Cost of Professional Services If your business plan looks like as if it is going to be more complex or if you really do not like to write, you may want to hire a professional consultant to do that for you.
The consultant is also able to ask questions and guide your thinking so that you can formulate a comprehensive plan that best meets your needs.
These figures are based on their hourly rate and on any other special services they may include. Business Canvas Although professionals debate the value of one method over another, choosing between a traditional plan or a newer "lean" plan, called a business canvas, will also be a determining factor in your costs.
A full business plan is a longer document that ranges from 30 to pages, depending on the complexity of the project.
Obviously, it will cost a great deal more -- in time and money -- to compile a document of this nature. On the other hand, a business canvas is a short snapshot of your company, typically only one page in length. It is a visual representation of your business, in which key points are summarized and presented.
Although creating a business canvas still requires thoughtful consideration, this type of document is often recommended for smaller businesses that do not need to spend their finances on creating lengthy documentation or in seeking out business investors.
Templates for this type of plan are available free online.Select the Microsoft Office product that is right for your home or business. G Suite plans as low as $5 per user per month. Choose your plan and start using G Suite collaboration and productivity apps today. Comcast Business provides big business capabilities and innovation at affordable prices for small businesses.
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business, business success - 50 Ways to Save Money in Your Business - torosgazete.com Oct 23, · Sample Business Plans; Business Plan Guide; How to Write a Business Plan; Free Business Plan Template; How to Write a Business Plan [Updated for ] by: it would the cost of raw materials.
For a consulting business, it might be the cost of paper and other presentation materials/5().