Need a top business plan writer?
This guide reveals the best 10 in 2024, detailing how each can cater to your specific needs.
Top 10 Business
Plan Writers
In 2024
~ Patrick Lee
July 2024 10 min read
Editor’s Choice
2nd Best Choice
3rd Best Choice
Pro Business Plans
Best Overall
- High level of personalization
- Extensive industry expertise
- Detailed financial projections
Growthink
Best for Complex Needs
- Extensive experience with complex business plans
- Comprehensive market and competitor research
- Strategic consulting
Master Plans
Best for Immigration
- Specialization in immigration and franchise plans
- High success rate in obtaining loans
- Extensive experience across various industries
Overview of the Best Business Plan Writing Service in 2024
Navigating the myriad of business plan writers can be daunting, but understanding the strengths of each can help you make an informed decision.
- Best Overall: Pro Business Plans
- Best for Complex Needs: Growthink
- Best for Immigration and Franchise Plans: Master Plans
- Best for Investment-Related Materials: Cayenne Consulting
- Best for Budget-Friendly Options: UpWork (Freelancer Platform)
- Best for Growth Recommendations: Go Business Plans
- Best for Funding Success: LivePlan
- Best for Software Integration: BizPlanBuilder
- Best for Industry-Specific Expertise: Wise Business Plans
Every one of these expert business plan writers brings a unique mix of skills, quality services, and distinctive offerings, all designed to cater to diverse business requirements. Ranging from individualized plans to intricate financial forecasts, these firms deliver all-encompassing business planning solutions, including a business plan writing service, designed to facilitate the accomplishment of your objectives. By choosing a professional business plan writer, you can ensure the highest quality output for your solid business plan.
1st
Pro Business Plans
Best Overall
Price: Customized pricing based on project scope.
Pro Business Plans distinguishes itself with its remarkable ability to customize, guaranteeing each custom business plan is carefully designed to accommodate the specific requirements of the client. Leveraging extensive industry expertise and comprehensive databases, they offer detailed market research and financial projections, making their plans highly accurate and reliable. Clients appreciate the attention to detail and personalized approach, which covers critical aspects of the business. However, occasional delays in responses and minor drafting errors have been noted by some reviewers.
Pros
- High level of personalization
- Extensive industry expertise
- Detailed financial projections
Cons
- Occasional delays in responses
- Minor drafting errors reported
2nd
Growthink
Best for Complex Needs
Price: Starting at $8,000.
For mid-size to enterprise companies grappling with intricate needs, Growthink is often the preferred option. With a history of developing thousands of business plans since 1999, Growthink offers fully customized plans, thorough market and competitor research, and strategic consulting services designed to identify new opportunities and achieve growth. Their structured process and quality of work have garnered praise from clients like Josh Blair and Karen DiPeri, who appreciated their ability to hit milestones on time and provide valuable tools. However, the higher price point might be a deterrent for smaller businesses.
Pros
- Extensive experience with complex business plans
- Comprehensive market and competitor research Get strategic consulting to help with your business’s growth and funding needs. Reach out to a business plan consultant who can guide you through the process.
Cons
- Higher cost compared to other services
- May be overkill for simpler business needs
3rd
Master Plans
Best for Immigration and Franchise Plans
Price: Customized pricing based on project scope.
Master Plans shines in crafting business plans specifically tailored for immigration, investor, and franchise objectives. With a track record of over 18,000 business plans and a success rate that makes clients twice as likely to obtain a loan compared to other services, Master Plans is a reliable choice for these specialized needs. While their specialization ensures high-quality plans in their niche, the scope of services may not be as broad as other providers.
Pros
- Specialization in immigration and franchise plans
- High success rate in obtaining loans
- Extensive experience across various industries
Cons
- Limited service scope outside immigration and franchise plans
- Customization may be less than other providers
4th
Cayenne Consulting
Best for Investment-Related Materials
Price: Customized pricing based on project scope.
Cayenne Consulting has honed its skills in the production of investment-related documents such as business plan drafting, pitch deck consulting, and financial forecasting. Their team has extensive hands-on experience in founding, funding, and scaling ventures, and they’ve helped clients secure over $4.3 billion in financing. While their focus on investment-related services is a significant strength, the higher price point might not be suitable for all businesses.
Pros
- Focus on investment-related materials
- Extensive hands-on experience
- High success in securing financing
Cons
- Higher price point
- May not be ideal for simple business plans
5th
UpWork (Freelancer Platform)
Best for Budget-Friendly
Price: Starts from $150.
UpWork provides a platform that allows businesses under budgetary restrictions to engage freelance business plan writers. With over 2,350 business plan projects, UpWork provides a variety of options at different price points, starting as low as $150. The platform allows businesses to review freelancers’ profiles, ratings, and previous work, ensuring a good match for their needs. However, the quality of work can vary, and finding the right freelancer might require some time.
Pros
- Wide range of budget-friendly options
- Ability to review freelancers’ profiles and previous work
- Secure payment and project management tools
Cons
- Quality can vary significantly
- May require more time to find the right freelancer
6th
Go Business Plans
Best for Growth Recommendations
Price: Customized pricing based on project scope.
Their specialty lies in providing growth recommendations based on in-depth consultations and strategic advisory processes. Recognized by Business.com as the Best Business Plan Company from 2016 to 2022, Go Business Plans is cost-effective and results-driven. As experienced business plan consultants, their services may be more suited for businesses looking for extensive growth strategies rather than very small startups.
Go Business Plans is celebrated for its all-inclusive approach to develop business plans, encompassing the business planning process with:
- research.
- writing
- business model consulting
- operations planning
Pros
- Comprehensive service handling all aspects of a business plan
- Emphasis on growth recommendations
- Cost-effective and results-driven
Cons
- May not be suitable for very small businesses
- Customization may vary
7th
LivePlan
Best for Funding Success
Price: Customized pricing based on project scope.
LivePlan’s business plan structure, meticulously honed over two decades, has assisted over a million businesses in enhancing their prospects of obtaining loans or investments. Trusted by top business schools, LivePlan’s expert writers customize plans to meet specific expectations of lenders and investors, including realistic financial projections. Incorporating a solid financial plan, their services are highly effective, but the higher cost for expedited plans might be a consideration for some businesses.
Pros
- Expert writers with extensive experience
- Business plans designed to maximize funding success
- Trusted by top business schools
Cons
- Higher cost for expedited services
- May not offer as much customization as other services
8th
BizPlanBuilder
Best for Software Integration
Price: Customized pricing based on project scope.
BizPlanBuilder offers the following features:
Business plan writing services
Software tools for flawless financial data harmonization and cooperative features
Integration with QuickBooks for easy financial forecasting and management.
Cloud-based platform for multiple users to work on the business plan simultaneously
However, there might be a learning curve for new users, and the subscription costs for the software could add up over time.
Pros
- Integration with QuickBooks
- Collaborative tools for multiple users
- Cloud-based platform for ongoing management
Cons
- Learning curve for new users
- Subscription costs for software may add up
9th
Wise Business Plans
Best for Industry-Specific Expertise
Price: Customized pricing based on project scope.
Wise Business Plans concentrates on crafting specialized business plans that cater to the distinct requirements of diverse industries. Their industry-specific strategies enhance the relevance and effectiveness of the plans, increasing the chances of securing funding from banks, venture capitalists, and angel investors. While their specialization ensures high-quality, tailored plans, their services might not be as broad for non-industry-specific needs.
Pros
- Industry-specific strategies
- High success rate in securing funding
- Cloud-based platform for ongoing management
Cons
- May not offer services outside specific industries
- Customization may be limited for non-industry-specific needs
How to Choose the Best Business Plan Writer
Choosing the correct business plan writer is vital to guarantee a thorough, detailed, and personalized business plan that fulfils your unique needs. Start by evaluating the writer’s qualifications, including their degree in business administration and track record of success in writing business plans. Positive reviews from previous clients can also provide valuable insights into their proficiency and reliability.
Level of customization offered
A good business plan writer should be able to tailor the plan to your company’s unique needs and industry.
Level of customization offered
A good business plan writer should be able to tailor the plan to your company’s unique needs and industry.
Expertise in market research and financial projections
A business plan writer should have expertise in conducting market research and creating accurate financial projections.
Understanding of lender and investor requirements
It is important for the writer to understand the requirements of lenders and investors to create a plan that meets their expectations.
Key Components of a Strong Business Plan
An effective business plan usually consists of multiple essential elements that offer a holistic view of the business and its strategic direction. The executive summary is crucial as it summarizes what you expect your business to accomplish, highlighting the company’s mission statement and a brief description of its products and services. A well-structured business plan format can make a significant difference in presenting your ideas effectively.
The company description should include key information about your business, goals, and target customers, showcasing what makes your company stand out from competitors. Market analysis demonstrates your understanding of the industry and includes data and statistics to break down industry trends and target customer preferences. A competitive analysis compares your business to competitors, highlighting your competitive advantages. Customer segmentation identifies and categorizes the types of customers you plan to target.
Additional components include the management and organization structure, a detailed breakdown of products and services, a marketing plan, and a sales strategy. The financial projections section outlines the financial goals and expectations based on market research, including anticipated revenue and projected earnings. The request for funding section focuses on the amount of money needed and how the capital will be used.
Common Mistakes to Avoid When Creating a Business Plan
While the creation of a business plan can seem intimidating, steering clear of frequent errors can notably bolster its efficacy. One of the biggest mistakes is not creating a business plan at all, leading to loss of direction and wasted time. Additionally, being unrealistic in financial projections can undermine the credibility of the plan. Always ensure your financial estimates are grounded in reality to maintain trust with potential investors and stakeholders.
Ignoring market research is another critical error. Without a thorough understanding of market dynamics, your business plan might overlook crucial opportunities and threats. A poor executive summary can cause investors to lose interest quickly, so it’s important to make it concise and compelling. Overly lengthy business plans can dilute key points, making it harder for readers to stay engaged. Instead, focus on clarity and brevity.
Failing to back up claims with data and references reduces your plan’s reliability. Highlighting your team’s strengths is also essential; neglecting this can make your business seem less viable. Finally, sloppy mistakes such as typos and poor formatting can significantly undermine the professionalism of your plan.
The company description should include key information about your business, goals, and target customers, showcasing what makes your company stand out from competitors. Market analysis demonstrates your understanding of the industry and includes data and statistics to break down industry trends and target customer preferences. A competitive analysis compares your business to competitors, highlighting your competitive advantages. Customer segmentation identifies and categorizes the types of customers you plan to target.
Additional components include the management and organization structure, a detailed breakdown of products and services, a marketing plan, and a sales strategy. The financial projections section outlines the financial goals and expectations based on market research, including anticipated revenue and projected earnings. The request for funding section focuses on the amount of money needed and how the capital will be used.
Your Frequently asked questions, Now answered.
FAQ’s
Choose a business plan writer based on their qualifications, experience, customization options, and industry expertise. Look for reviews and a proven track record in developing business plans.
A strong business plan should include an executive summary, company description, market analysis, competitive analysis, customer segmentation, management structure, products/services, marketing plan, sales strategy, request for funding, and financial projections. This comprehensive approach provides a solid foundation for your business plan.
When creating a business plan, it’s important to avoid being unrealistic in financial projections, ignoring market research, writing a poor executive summary, creating an overly lengthy plan, failing to back up claims with data, and making sloppy mistakes like typos and poor formatting. Avoid these to ensure a strong business plan.
Pro Business Plans stands out for its exceptional customization, harnessing industry knowledge and market research to provide detailed financial projections and tailored strategies.
Growthink is considered the best for complex needs because they offer fully customized business plans, market research, competitor research, and strategic consulting for growth and funding, specifically tailored to mid-size and enterprise companies.
Summary
In summary, finding the right business plan writer can significantly impact the success of your business. From Pro Business Plans’ and their tool, ProAI, high level of customization to Growthink’s expertise in complex needs, and from UpWork’s budget-friendly options to Wise Business Plans’ industry-specific expertise, each service offers unique strengths tailored to different business needs. Understanding these strengths and choosing the right professional based on your specific requirements is crucial for developing a comprehensive and effective business plan.
By avoiding common pitfalls and focusing on key components like a strong executive summary, realistic financial projections, and thorough market analysis, you can create a business plan that not only impresses investors but also serves as a solid foundation for your business strategy. Embrace the wealth of expertise available from the top business plan writers of 2024 and set your business on the path to success. For another analysis, check out our article.