AI Business Plan Generator—A Better Alternative
Upmetrics’ AI business plan generator is truly a better alternative to hiring pricey business plan writers. Using Upmetrics is the easiest way to draft a comprehensive business plan.
Upmetrics makes business planning a breeze with its AI-powered capabilities. Use Upmetrics to write your business plan in less than an hour and focus on tasks more important to your business.
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Where do I Find Freelance Business Plan Writers?
Many platforms are available where you can find freelancers and on such platforms only you will find top business plan writers, such as
1. Upwork
You will find a variety of business plan writers on Upwork as it is one of the best-known freelance marketplaces. You can hire one of the top business plan writers after knowing their fees, expertise, business plan samples, etc.
2. Freelancer
Freelancer is also the place where you can find freelance business plan writers. You can post a project there, request proposals, and go through the ratings of the writers & their portfolios.
3. Fiverr
You can select an expert plan writer on Fiverr depending on your niche. Browse through different profiles and pricing structures and then pitch directly.
4. Referrals and recommendations
You can also seek suggestions and referrals from coworkers, contacts in the sector, or business advisers who might know of independent business plan writers with the required knowledge and abilities.
How much will it cost to hire a business plan writer?
The cost of hiring a business plan writer can depend on various factors like experience, expertise, the field and complexity of the business plan, etc.
However, some writers charge per hour and some charge per project for writing the business plan. We have listed some average costs of writing a business plan as follows:
- Basic business plan – $500 to $2500
- Comprehensive business plan – $2500 to $10,000
- Industry-specific business plan – $5000 to $20,000
- Hourly basis – $20 to $50
- Upmetrics – Starting from $7 per month
These costs are based on the current average charges of various freelance business plan writers.
Why hire expensive business plan writers and consultants?
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Choosing the Right Business Plan Writer
Since you’re going to spend so much on business plan writing services, it’s crucial to consider a few factors like the range of services they provide, the method you use, and how much they charge.
Here are a few tips to help you choose the right business plan writer:
1. Writing services and previous work
If considering hiring a writer or consulting firm, consider asking for examples of their previous work. When reviewing the sample, make sure the writing is clear and concise and that the document is free of any significant errors or typos.
Since investors will primarily focus on the executive summary and financial model, be sure to give them a careful reading.
2. Price is not everything
Do not, however, make the error of judging a plan writer just on the price they offer; instead, search around for your plan to grasp the pricing possibilities accessible.
While it is safe to assume that the least expensive option will produce a product and service of lower quality, the opposite is not always true, i.e., that the most expensive option will produce a product and service of the highest quality.
3. Be clear if you want business plan writing or editing
A plan lays out a company’s strategy and how it will operate over the next five to ten years. The document outlines the company’s current situation as well as the objectives it plans to aim to meet on an operational and financial level.
The document is very personal to the business owner. However, the writer won’t be able to read the business owner’s mind.
A business plan writer can easily offer an objective look at the company, highlighting areas someone close to the company may miss.
The owner must first choose whether he prefers a writer to draft the plan or an editor to polish it after the owner has prepared a draft.
4. Understand their process
It is necessary to understand the procedure of the writer or business consultant before you hire them. Each contractor has their procedure, for instance, some might give you a questionnaire to fill & some will have an interview round to learn more about your business.
Therefore, it is essential to understand the process and to know how will they communicate more with you for business information.
Pros and Cons of Hiring a Business Plan Writer
Hiring a business plan writer has its pros and cons, here is why you should or shouldn’t hire a business plan writer:
Pros
- Writing business plans is their area of expertise, so they can provide insightful advice based on their extensive experience.
- Working with a writer gives you more time to concentrate on other areas of your company.
- You may leave a lasting impression on lenders or investors by writing a strong business plan.
Cons
- Working with a business plan writer can be pricey, particularly for new or tiny companies.
- Working with a writer entails a certain amount of control surrendering over the writing process and final output.
- Sometimes, business plan writers might not fully understand the vision & goals of your business.
Questions to Ask Yourself Before Hiring a Business Plan Writer
Business plan writing is something you do for your business on your terms, so if you think you are ready to hire a business plan writer, then answer these questions to make your decision more firm.
- Who will write your business plan?
- How will you share all the information with your writer?
- Will the writer do thorough market research before writing the plan?
- How many revisions will they do?
- In which format will be the plan delivered?
If you want to write your business plan by yourself, then with the help of a business plan software & its step-by-step guidance you can.
Conclusion
In conclusion, hiring a business plan writer might be a wise investment if you’re looking to construct a professional business plan that can help you get finance, draw investors, or direct your business strategy.
But writing your business plan with the help of guidance at each step can be the wisest choice.
The experience, credentials, references, method, and cost should all be taken into account when choosing a business plan writer.
You can use a business planning software to draft a thorough and useful business plan that can assist you in achieving your objectives and succeeding in your entrepreneurial endeavors.
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