Consequences Of Failing To Do A Business Plan

 

Failure or delay in business success is directly related to the absence of a business plan. According to the Small Business Administration, 80 to 90% of new businesses fail within the first five years. Seventy percent of these businesses fail to prepare a business plan and the remaining 30% fail to follow their prepared plan.

 

The Reason A Lack Of A Plan Often Results In Business Failure

Business plans contain financial information and other planning information that allows a company to see how to run the organization. If the business is not planned properly you will not know what resources are needed to start and run the company nor how to budget for the company.

Our Services Versus Business Plan Software

Although there is a multitude of business planning software available, they are often difficult to customize. Each company has different products, services, and other variables that affect the organization. Since the average person is not experienced with the accounting methods that are used to prepare financial statements, this extremely important part of the plan may contain errors.

 

Our experience planners along with our accounting professionals develop customized plans that provide more accuracy and detail than any software can offer.

Information Covered In The Business Plan

There are various informational segments covered in the business plan. They include, but are not limited to; who you are, the services or products you offer, who and where your competition is, how you are differ from the competition, your business structure, your management team, marketing, personnel, your exit plan, and financials.

 

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Business Plan Cost

Our business plan development cost ranges from $1000 to $2000 depending on your organization's needs. We also offer a review service to correct yourself-prepared Business Plan. This cost ranges from $300 to $500.

 

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  Normal Turn-Around Time For A Business Plan

A well prepared Business Plan can take between three to six weeks to complete. The time can vary due to the amount of research required to complete the plan.