PROS / If you have an existing plan you want critiqued, The Plan Writers offers this service at no additional cost.
CONS / You only have two weeks to review and revise your plan. Other services on our lineup offer a longer revision period.
VERDICT / The Plan Writers offers plans at some of the lowest prices of the services on our lineup. It also offers a variety of additional consulting services.
The Plan Writers is a Beverly Hills, California-based business plan service that offers a variety of consulting services in addition to business plan writing. Business plans are available for businesses and entrepreneurs interested in applying for visas or SBA loans, or those looking for venture capital or angel investors. The Plan Writers is also experienced with helping companies go public as well as creating feasibility plans. The Plan Writers receives the Top Ten Reviews Bronze Award for its high-quality plans and low costs and a variety of other services.
When you engage the services of The Plan Writers, you'll begin the process with a free 30-minute consultation. During this consultation, you'll discuss your business and industry with the sales rep. If you want to speak longer, you'll need to pay $200 for another hour. This fee is added to the final cost of your business plan.
Following the initial consultation, you'll be sent a proprietary questionnaire. This questionnaire is tailored to your business's industry and asks about such things as your business's goals, competition, strengths and weaknesses. This questionnaire is also where The Plan Writers will draw the information to create the financial forecasts for your business plan. From this questionnaire The Plan Writers can give you advice and set benchmarks for your business.
Depth of Service
Since business plans are the core of the Plan Writers services, an important part of reviewing them is evaluating those plans. Sample plans are posted on the website and we evaluated them, scoring these plans against a checklist based on industry best practices. The Plan Writers received a score of 90 percent, which indicates that the plans are very high quality.
A plan from this service includes an analysis of your industry, your target market, including demographic breakdown of potential customers, a competitive analysis, and a look at your business's strengths and weaknesses. The plan is capped off with a financial analysis that includes a look at the long-term value of potential customers as well as areas of potential growth. The one element we found lacking in the plans we looked through was the omission of what differentiates the subject's products from competing products, which is something many investors and other interested parties will look for.
To create all the various industry and market reports, The Plan Writers relies on a few research databases. These include IBISWorld, Euromonitor, Forester and Gartner. They also make use of other sources such as chambers of commerce or trade associations and other research services if their usual sources don't provide the necessary information.
One benefit of using a business plan service is that getting a report from just one of these databases can be costly. Some require subscriptions which cost thousands of dollars. A single report can cost several hundred. So using a service that has access to many different sources represents a good value.
Design services are included with the plan. Some services we reviewed charge extra for plans to have design elements beyond a basic document. Having a well-designed and laid-out plan can help your business plan stand out.
Cost & Timeframes
Once you've commissioned The Plan Writers to create a business plan for you, it usually takes between nine to 10 days to receive the first draft. This puts The Plan Writers near the top in terms of how long it takes to get a plan. After you receive your plan, you have two weeks to submit any revisions. This is shorter than other services, but The Plan Writers gets revisions done quick, usually in about one to two days.
As with all business plan services, the costs vary depending on the complexity of your plan. The cost estimates we listed on our matrix reflect a plan for a brick-and-mortar business looking for an SBA loan. Those plans usually cost around $1,200 to $1,500. Plans for startups or companies seeking larger amounts of capital can cost upwards of $5,000.
In addition to its core service of writing business plans, The Plan Writers also offers strategic planning and management consulting. They can also introduce you to potential investors if your business matches their interests. If you have an existing business plan and want to have it critiqued, The Plan Writers can do that at no additional cost.
The Plan Writers offers a wide variety of consulting services that extend beyond business plan writing. These include management consulting and even helping companies go public. The plans it writes are high quality and contain market research from a variety of sources. You can receive a plan quickly and for a cost competitive with the industry.