It's critical to understand that the service provider's quality has a significant impact on the work quality. There are many unqualified business plan writers on the market, but the balance between price and quality must be considered.

Fortunately, we've put together this list of the best business plan writers and service providers to help you out.

Based on a review of their quality, credentials, and expertise, we've compiled a list of the best business plan writers.

Here are the Top 5 Business Plan Writers

1. Wise Business Plans

Based in Las Vegas, Nevada, Wise Business Plans provides business plan writing services. The company writes business plans for companies that are looking for venture capital and angel investors, as well as companies that want to apply for SBA loans, E2 visas, and L1 visas.

Wise Business Plans specializes in developing high-quality business plans. Their plans contain extensive market and industry research, and their plans are designed to attract investors. This company has been known for its speedy turnaround times. Wise Business Plans hires MBA writers, financial and market analysts, and graphics designers. The company has written thousands of business plans in more than 400 industries.

Speciality: 

Investor Business Plan, Bank Business Plan, Strategic Business Plan, Nonprofit Business Plan, Franchise Business Plan, L-1 Business Plan, E-2 Business Plan, EB-5 Business Plan. Additionally, it offers professional feasibility studies, PowerPoint presentations, pitch decks, and straight market research.

2. Pro Business Plans — Business Plan Writers

Pro Business Plans offers the best value because the majority of its team members have previously worked in Big 4 accounting firms or in venture capital or investment banks, so you get top-notch talent without the price tag of a major corporation. They also have a wealth of experience and connections that benefit business owners greatly.

Speciality:

Investor business plan, bank loan plans, strategic planning, financial projections, market research

3. Growthink — Los Angeles Consulting Firm

Growthink has worked with many companies over the years and can help you not only with your business plan but also with business consulting in many areas. They also offer a variety of other services for business owners, such as business analytics, banking, products, and other services.

4. Master Plans — Business Plan Specialists

Master Plans was a powerhouse and leader in the business plan writing service space before it changed hands. Customers say it's not as focused after the acquisition, but it's still a top-notch provider that's recommended for those looking for franchise support and related services.

Speciality:

Immigration Business Plans, Investor Business Plans, Franchise, Legal Attorney Matching

5. Cayenne Consulting — Business Plan Consultants

Cayenne has been in business for a long time and offers excellent business plan writing and consulting services. They have a strong senior management team with extensive case experience that can benefit all types of startups and growth-stage businesses. They can also prepare other investment-related materials, such as private placements and other options.

Speciality:

Business Plan Preparation, Pitch Deck, Financial Forecasting, Franchises, Turnaround Consulting

How long does it take to develop a business plan?

This varies depending on the type of business plan being developed, but most agencies will provide you with a draught within 2–4 weeks, after which you will collaborate on the draught until it is completed, with the average engagement lasting 4–8 weeks. Every project is different, and it often depends on how involved you are in providing feedback as an end client. 

How much will it cost?

A professional business plan's price is determined by several factors, including the qualifications of the team, the complexity of the business, the stage of development, and the type of capital being raised. Custom business plan writing services typically cost between $1,500 and $6,000, but they can easily exceed $10,000.

Of course, freelancers can do it for less money, but this is risky and time-consuming because there is rarely a project manager or structure in place, as there would be at a larger firm or agency.

The typical business planning process

There is a structure that most business plan writers follow, we can’t say that every company’s method falls under this process, but it can help you to get a general idea of what to expect.

• Interview / Materials Gathering: During this time, you may meet with the business plan writers in person or over the phone to gather all pertinent information for your business, such as historical financials, understanding of your concept, business strategy, management bios, and more. The amount of data your company will have will vary depending on its stage and size.
• Research stage: The business plan consultant you hire will be involved in researching the industry, competitors, market sector financials, and more that is most closely aligned with your business during the research stage, which will help them not only outline your strengths in the market but also more effectively form the marketing plan and, ultimately, inform your potential investors through your business plan.
• Drafting / Creation: The drafting and creation process takes anywhere from five to seven days, and it is the time spent actually preparing the business plan and creating the financial model based on the data gathered thus far. As it works to deliver the draught quickly, this may be the time when the company is least responsive.
• Review / Modifications: The business plan writer will typically deliver a draught to you and/or your company for review once the draught is complete. They'll also answer any questions you have about it and give you a 30-day grace period to make any changes you want. If you need to change your flight, most airlines can usually accommodate you.

What things should I look for when hiring a company? 

When hiring a business plan writing company, we usually recommend considering a few key points that will help you screen out who is best, we’ve listed them in order of importance.

1. Team Qualifications — If you're looking to raise money, make sure the team has worked for an investment group or an investment bank when writing your professional business plan.
2. Previous Experience — This is an important consideration: ideally, the business plan firm you hire will have experience writing business plans for your industry and similar situations (for example, foreign expansion).
3. Work Product — It's always a good idea to look over their sample business plans to see what format or layout they use. Is it still relevant? Is it poorly constructed and provides too much "fluff"? Is there any grammatical or financial errors in it? These are the things that must be sifted out in the end.