How are your fees determined?

Our fees are based on the scope, difficulty, and the estimated time required to complete a given assignment. Once we have an understanding of a given situation and objective, usually during an initial exploratory meeting or conference call, we are prepared to provide an estimate of time and cost for well-defined assignments.

How much will my business plan cost?

The cost of a business plan is determined by a variety of factors such as:

  • The scope of the project.
  • The type of visa or work permit applied for.
  • The complexity of your business model.
  • The quality and extent of your existing materials, including early drafts of business plans, financial projections, market research, and other relevant documents.
  • The clarity of your business model, marketing and distribution strategy, financial plans, etc.
  • Your capacity, availability, and willingness to contribute information to the preparation of the business plan.
  • The availability of information about your industry and the quantity of research you are able to provide.
  • The desired timing relative to our workload. In general, urgent jobs may be subject to a premium when our schedule with other project commitments must be altered to accommodate the urgency.

Applications for visas or work permits that have been denied and the immigration lawyers refer them to me to prepare more effective and successful business plans.  

Unforeseen problems and business emergencies sometimes occur during an assignment where our assistance is requested. This happens infrequently but when it does an extra charge may be applicable.

Due to these factors, the fees for a quality business plan consisting of the preparation of a comprehensive financial forecast model and highly credible narrative and strategic arguments can range from $2,000 to well over $25,000. The majority of the business plans we have prepared have resulted in costs to our clients ranging from $3,000 to $5,000.

How quickly can my business plan be completed?

For a typical engagement, consisting of a business plan, financial forecast, and financing presentation, the typical time to completion is 6 to 8 weeks. Client involvement and cooperation is a key to the assignment being completed on schedule.

The actual time can be influenced by the quality of your existing materials, the level of your participation, the complexity of your market and business model, and our current workload.

We are usually able to give you an accurate timeline when reviewing you plans and materials. Delays in receiving requested information are the most common reasons for assignments to protract beyond original estimates. Difficulty in finding suitable market research material also impacts on timelines.

We have prepared business plans for immigration visa applications within a matter of a few weeks when all the information required was furnished in a prompt and timely manner. The same has been true with other types of business plans with few complexities in terms of the business model and where market information was readily available or easily accessed.

What information do you require from me?

After reviewing all the information that you have prepared, discussing your business operations, the reasons for requiring a business plan, and your specific challenges and objectives, we will prepare and provide a detailed questionnaire that lists all the information that we will need to commence working for you. Often more information is required during the course of the assignment due to ideas and new strategies that emerge during the planning process.

What is your business planning methodology?

Although each situation is different, some fairly common steps include the following when preparing business plans and strategy documents:

  • Without charge or obligation, a preliminary discussion to understand your basic needs.
  • Written non-disclosure agreement to respect the confidential nature of your financial and business affairs.
  • Review of existing materials (previous business plans, financial statements, future plans, your research and so on).
  • Follow-up discussion to clarify details and agree upon the description, scope, fees and terms for the project and the preparation of our retainer letter for your approval.
  • In-depth discussions as necessary to understand your business model, your challenges and objectives, and to develop effective strategies.
  • Prepare the financial forecast model in MS Excel format. Incorporate your revenue and expense projections into the financial forecast model. Explain how it works so that you can fully understand your financial plan, your break-even analysis and critical balance sheet ratios.
  • Discuss the financial forecast model and make revisions as appropriate.
  • Conduct additional research, as required.
  • Draft the Executive Summary and business plan outline and review it with you to ensure that we agree on depth and nature of the detail required.
  • Prepare a draft outline of the business plan for your review.
  • Write the plan or strategy document in draft form and provide it to you for your feedback and necessary revisions to ensure accuracy of all content.
  • Coach you on the best way to deliver the investor presentation and on how to address questions.
  • Provide support including interaction with analysts working for individuals or institutions whose support is required to facilitate your financing needs or planning objectives.
  • Where distance, scale or economy permits, meet with you to assist in presenting business plans with related negotiations. For most assignments, this can be handled effectively by telephone and email where distance is a factor.

Can I save money by writing my own business plan under your guidance?

We have worked with clients in the past who wanted to write their own or parts of their own plans to reduce costs. In some cases this has been successful; in others not. It depends on how thorough their preparation and research has been and the level of their writing skills. Correcting poorly written plans sometimes costs more than if we had handled the entire job from the beginning.

A very important part of the business plan, particularly where the purpose of the plan is to obtain financing, is the forecast model, financial projections and accompanying assumptions. This involves training and skills which are not possessed by most entrepreneurs or small business owners. We strongly recommend these be prepared by us or other qualified accounting professionals.

The most successful cases where the development and writing of a formal business plan document were shared between us and our clients were those where we provided overall guidance in developing the plan, prepared the financial forecast, all the references to the financial information, and wrote the executive summary. In all such cases, our clients' writing skills were above average.

What guarantees or assurances do I have that my business plan will be successful?

Business Plans for Financing and Funding Purposes

The financing desired by you is subject to the determination of lending institutions, investors or others and may be influenced by circumstances and forces beyond my control. Consequently we cannot and do not guarantee, notwithstanding any verbal opinions to the contrary or optimism that we may have expressed in discussions, that the financing you desire will be secured. We will exercise our reasonable best efforts to present your business as an attractive and viable business opportunity in a professional manner and financial information in a format that is consistent with generally accepted accounting principles, appropriate for analysis by financial institutions, other commercial lenders and, as the case may be, investors.

Business Plans for Immigration Visa Applications

We are not immigration consultants. Our expertise is developing and writing effective business plans. Due to many variables affecting the assessment of applications for immigration and residency status, most beyond our ability to influence, we cannot and do not guarantee that your visa application will be successful. We do, however, commit ourselves to preparing your business plan in a professional and timely manner, satisfactory to your immigration lawyer or consultant. The responsibility for a successful visa application is subject to their expertise and experience.

How confidential is the information about me or my company?

Your affairs are held in strict confidence. No one receives information from us concerning your business or personal affairs except with your consent. This is articulated in our written consulting agreement with you.

Where are you located, do you have to meet with me, and do you have territorial limitations?

We are located in Leamington, a community which is proximate to Windsor, Ontario, Canada and the border between Windsor and Detroit, Michigan, U.S.

We rely heavily on the telephone, e-mail, and fax, and have never met many of our clients face to face. We are pleased to say that we have developed excellent business relationships and good friendships despite distances and without meetings in person. If desired or important to an assignment, and where the scale of the project and budget permits, we are willing to travel to meet you at your place of business.

Most of our clients are applying for visas in the United States and Work Permits in Canada, and migrating from Canada to the USA, USA to Canada; and from other countries such as the United Kingdom (England and Scotland), Australia, Nigeria, South Africa, Iran, Pakistan, Lebanon, Dubai, Saud Arabia, Malaysia, Singapore, Jordan, Brazil, India, Columbia, and China.