In general, business plans are valuable for organizing one s business and outlining goals in order to have clear direction and to monitor progress. Due to the high volume of plans that are presented, some venture capitalists have suggested that a one-page summary, highlighting major elements, is preferable to a long business plan when soliciting financial support. If a business owner plans on seeking venture capital, having both a business plan and concise summary may be the most advantageous. Estimated tax payments should be filed on April 15, June 15, September 15 and January 15. Setting a price may be a difficult task, as one must separate pricing services from issues of self-esteem and dreams of unlimited income.
Business advisors recommend researching competitors fee schedules.
Calling other providers like universities and colleagues to inquire about their fee schedules may also be helpful. The basics of how much money one needs and how much more one wants should be considered when establishing a fee schedule. In addition, the consultant may want to calculate his or her current rate as an employee and double that figure for time off and so forth. The Small Business Administration advises consultants to figure operating costs at half of one s annual income. Consultants have found that pricing fees in the middle of the extremes is best.