Business Plan Cost

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Business plans are written documents containing all details of your business startup and operational objectives and strategies.

Startup and operating costs, sales, marketing advertising and sales strategies, pricing and profit margins, supplier lists, insurance information and other topics are included to give you blueprint of your business.

If you are paying an hourly fee, you may save money by providing the company with as much detailed information as possible.

Research, phone calls and other information-gathering activities will add to the hourly rate.

For larger business or entrepreneurs with limited time, professional business plans from a consultant or business services firm can cost anywhere from several hundred to many thousands of dollars.

Business plans aren't mysterious or difficult to write, but they can be complicated and time consuming depending on your operation.Download our Start-up costing template to access an alternative version of this template.See Finance for more information on managing and seeking finance.Your start-up costing sheet can be prepared well before you start your business and can give you a more realistic idea of what it will cost.Use the items below as a starting point to create your start-up costing sheet, listing all your current or expected start-up costs with each dollar amount.We've also included links to our business topic information to help you understand more about the possible costs listed.These are examples of different items that may incur a cost when starting your business.Low-cost software – for under a month – is available from private companies and other sources to aid in the outline and completion of your business plan, or you may simply list topics, costs and other associated information in a notebook for reference.A business plan is not mandated or required for any business unless requested by an outside entity, and there is no "set format," so you will save money by doing it yourself if time permits.If using estimated costs, you'll need to label them clearly.When preparing a start-up costing sheet, ensure you also clearly state whether your figures are GST inclusive or exclusive.

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