wise business plans cost

WiseBusinessPlans Reviews on Pricing, Quality, Support

By Alina Burakova, Updated January 22, 2024

Our opinion here is not influenced by the company reviewed, even if we are partners. Read how exactly our team scrutinizes online services here .

• There is always an issue with small business owners who believe they can run their business without outside help.
• Some can, but others realize that outside expertise is valuable, especially in making presentations seeking finance.

Value for Money

• As the business plan writing service Wise Business Plans provides, it does stand up to scrutiny for those needing third-party support.
• Customer support is also polite and responsive.
• The Plans will only be finalized the analysis of the market and trends on growth.
• Every writer has an MBA and works with individual clients, supported by researchers and financial experts.
• Clients correspond directly with their writer, and this is regularly mentioned as a real advantage.
• A good balance between price and the amount of research/analysis that goes into a plan.
• Available for all business sectors.
• Quick turnaround.
• Additional services available as required.
• There is no legal advice provided in the service.
• There are cheaper alternatives for basic work.
• Shorter revision period than some competitors.
• No live chat.
• It can take too long.
• Not involving the right people.

The complexities of writing a good business plan and the time it takes to complete one present a real challenge to everyone except an expert. Every Wise Business Plans review written by a professional recognizes that. It is not sales talk motivated by people looking for business; it is an objective observation.

Several CEOs and owners of small businesses have agreed to Wise Business Plans’ reviews and have usually thanked the company for their help at the same time. Which is the best business plan software on the market? This LivePlan vs Bizplan article is a comparison of the features, cost, and support of both applications.

Whatever sector a business operates in needs good management information to help with daily decision-making. How can anyone expect to make good decisions regularly if they are using inaccurate or outdated information?

The answer is that they cannot other than as a matter of look. One of the most important parts of management information is the financial detail of budget and cash flow with regular performance updates against forecasts. In extreme situations, such information can lead to a business changing direction quite dramatically.

Likewise, businesses looking to prepare finance applications must make a case for acceptance. A business plan is integral in every application because it provides the lender with information and shows professionalism on the part of the applicant.

Expert help does come at a price, but a small company rarely has personnel experienced in preparing accurate business plans. That’s when the best business plan writers’ reviews come to the place. There may not be anyone with any experience in such matters in some companies. Hence the absolute necessity of third-party help such as Wise Business Plans can provide. The decision on whom to use should consider online reviews from professionals and previous clients of companies offering their services.

Wise Business Plans Overview

Wise Business Plans offers a service to businesses wanting to make out a finance case and need access to good management information to help with decision making. The company uses professionals whose consistently good work has satisfied a large database of clients. By using highly qualified personnel, Wise Business Plans can deliver quality every time.

What is WiseBusinessPlans?

Whatever the business sector that a client works in, this service has a template that can be personalized to suit. It will be written from information provided by the client, revised where necessary, with the final plan always approved by the client. Each WiseBusinessPlans.com review points to the effectiveness of the company and a wide range of consulting services.

How Does WiseBusinessPlans Work?

Once clients sign up, they will be assigned a writer who will correspond directly to write the business plan. Clients need to provide relevant information to get a good plan developed with the financial aspects handled by someone whose expertise lays out the figures in an organized way that potential lenders and other potential readers will understand.

Does WiseBusinessPlans Guarantee that They Have Professional Experts?

Yes, everyone who writes a business plan for clients has an MBA qualification and extensive experience writing or updating business plans for clients.

Are WiseBusinessPlans Online Services as Effective as They Say?

A business plan needs to be accurate and to represent a true picture of the client’s business and expectations.   It does depend upon the writer being given all the information needed to produce a professional paper. That cannot guarantee success because it depends upon the view of the lender when being used to raise finance and the ability of the client’s management to implement the ideas.   There are no other provisos on the quality of the work.

Is WiseBusinessPlans Safe?

Wise Business Plans will always keep client information completely secure from any third party not authorized to access it. The testimonials of previous clients and WiseBusinessPlans reviews never contradict that fact. Is WiseBusinessPlans legit, you may ask, and the answer is most certainly yes, it is.

Is WiseBusinessPlans One of the Best Business Plan Writing Service out There?

Any criticisms of Wise Business Plans are minor, making it one of the best software alternatives in the market today. But remember to check business plan software for Mac reviews on our website to decide; maybe software is what you are looking for.

Story of the WiseBusinessPlans

The Internet has created a great opportunity for companies that can offer expert services. It allowed service companies to get their message out to their potential market without using the traditional means of marketing and advertising, which sometimes could not be targeted correctly.

Wise Business Plans has more than a decade of successfully accepting clients who need expertise in producing business plans to suit their needs. It launched in 2008, and the need for expertise became even more important because the recession began that year. Hence, businesses needed experienced help to be able to continue as the recovery started.

Services at Wise Business Plans

The Company specializes in business plans but can offer advice in general where requested. However, the different plans that Wise Business Plans offers have established the Company in the marketplace. For a complete software product for your computer, you should check Business Plan Pro® 12 review on our website.

Investor Business Plans are self-explanatory. They are used to attract finance, so the plan must include an estimated Return on Investment (ROI), information on the applicant’s staff, leadership, skills, and an analysis of the market sector and the competition. Some may involve start-ups, but others may be aiming for expansion or a new avenue the business wishes to pursue.

Bank Business Plans are similar to banks wishing to get as much information as possible to support an application for funds. It must show how any loans will be repaid over the agreed term. Such a plan needs to be laid out professionally and be easy to read, and make a convincing case.

A Strategic Business Plan looks at the market and the trends in specific sectors. It inevitably makes forecasts, and assumptions, which makes the use of professional services very sensible, given the expertise they have together with research and financial personnel.

Non-profit Business Plans need not mention ROI because the priority is demonstrating how funds will be used wisely within an organization. The plan must assure readers that the staff has the expertise to run the organization properly.

A Franchise Business Plan is only relevant where a franchise is possible from a parent company that wants to know that the franchisee can fulfill the obligations that it must sign up to maintain the name, quality, level of service, etc., necessary.

An L – 1 Business Plan is specialized. It must make out the case for getting permission to bring foreign staff over into the USA. Obviously, that case includes the qualifications of the relevant personnel that justify visas, etc.

An E – 2 Business Plan is also to make a case for granting a visa for a foreign investor so that the authorities will see the benefit of granting permission for the applicant to live and work in the USA.

An EB – 5 Business Plan seeks to obtain a green card for permanent residency in the USA and must make a convincing case to the authorities. Job creation plans are an important aspect of getting approval.

A Mergers & Acquisitions Plan looks at the takeover of one business by another and how the new organization can rationalize the business to be successful.

Wise Business Plans Pricing

Clients are looking for personalized service, so the price varies depending on the requirements. Basic plans start at $1650, but where more research and expertise are needed, perhaps start-up plans or those looking to attract investors, the price rises. Any plan will rarely cost more than $5000.

But such prices are not affordable for everyone. For those interested in a more affordable solution, we recommend checking out the LivePlan.com reviews at EduReviewer. This alternative business plan software might be just what you are looking for.

Quality of WiseBusinessPlans.com Services

No WiseBusinessPlans review raises any question about the quality of the work provided. Some plans come in more depth than others, but that is because of the client’s requirements when engaging the company.

Customer Service

Once a client signs up for Wise Business Plans, they directly contact the person responsible for preparing the plan. The contact remains in place throughout the whole process until the job is completed.

Whatever the business sector that a client works in, this service has a template that can be personalized to suit. It will be written from information provided by the client and revised where necessary, with the client’s final plan always being approved. Each WiseBusinessPlans.com review points to the effectiveness of the company and a wide range of consulting services.

How Much Does Wise Business Plans Cost?

Clients seek personalized service, so the price varies depending on the requirements. Basic plans start at $1650, but the price rises when more research and expertise are needed, perhaps start-up plans or those looking to attract investors. Any plan will rarely cost more than $5000.

Once clients sign up, they will be assigned a writer to correspond directly with them to write the business plan. Clients need to provide relevant information to develop a good plan with the financial aspects handled by someone whose expertise lays out the figures in an organized way that potential lenders and other potential readers will understand.

Wise Business Plans will always keep client information completely secure from any third party not authorized to access it. The testimonials of previous clients and WiseBusinessPlans reviews never contradict that fact. Is WiseBusinessPlans legit, you may ask, and the answer is – most certainly it is.

WBS Reviews 5

I am currently running a non-profit organization and I needed help to showcase the expenditure of my company. Wise Business Plans was very instrumental in helping me compile and organize the funds I was received.

I was happy to work with Wise Business Plans as they gave me a sense of security. The platform does not allow any third party access and this was a priority as the plan entailed critical information.

Wise Business Plans was extremely efficient in accurately representing the real picture of my business. They took into account my expectations and wrote a top tier business plan. Their quality of work is exceptional!

I really liked the Bank Business plan because it helped showcase my ability to repay the loan. I am entirely grateful that Wise Business Plans enabled me to expand my business.

I would recommend Wise Business Plans for anyone who wants to start a business. I am a seasoned business owner and I really enjoy using the Strategic Business Plan that enables me to study the markets.

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Wise Business Plans

Wise Business Plans offers a range of business planning services, catering to various needs such as bank-compliant plans, investor-grade plans, and plans for franchises and mergers and acquisitions.

Wise Business Plans also provides services for specific types of business plans including cannabis business plans and strategic business plans. The company emphasizes a comprehensive approach, involving MBA-educated writers and extensive industry research. They have experience across over 400 industries, and their clients have reportedly raised billions in funding

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Banking | Editorial Review

Wise Business Account Review

Published July 25, 2023

Published Jul 25, 2023

REVIEWED BY: Tricia Jones

WRITTEN BY: Ricci Recto

This article is part of a larger series on Business Banking .

• 1 How It Stacks Up With Its Competitors
• 2 When It Is a Good Fit
• 3 Alternatives
• 5 Requirements
• 7 User Reviews
• 8 Bottom Line

Wise is a great platform for businesses sending and receiving international payments regularly. With the Wise Business Account, you can hold balances in multiple currencies, send and receive international payments at fast processing times, and use your debit card overseas without incurring foreign transaction fees.

You also have the option to earn 4.13% APY on your United States dollars (USD) balances. Only accounts that opt to earn interest receive Federal Deposit Insurance Corp, (FDIC) insurance, which covers USD balances up to $250,000. The platform doesn’t charge subscription fees; however, you need to pay a one-time fee of $31 to open an account.

Wise is a financial technology (fintech) company, not a bank. It is registered with the Financial Crimes Enforcement Network (FinCEN) and is licensed as a money transmitter in 48 states (excluding Montana and South Carolina, which do not require licenses). It safeguards consumer balances by placing deposits in commercial banks and investments in secure liquid assets (primarily US government bonds).

• Saves up to 2x on international payment costs
• No monthly fee
• Debit cards only available for sole proprietorships and single-member limited liability companies (LLCs)
• Monthly fee-free ATM withdrawal allowance of $100 with maximum of two withdrawals
• Excess ATM withdrawal fee of $1.50 plus 2% of amount over $100
• Low-cost international money transfers
• Business debit card with 50-plus currencies
• Optional APY of 4.13%
• Holds 50+ currencies
• Optional FDIC insurance of up to $250,000
• Integrates with FreshBooks, Oracle NetSuite, QuickBooks, Sage, Wave, and Xero
• Customizable account permissions

How Wise Stacks Up With Its Competitors

When wise is a good fit.

• You send and receive international payments regularly: Wise lets you send money internationally at affordable rates. You can also receive money from abroad, hold multiple foreign currencies, and make foreign currency debit card payments at low conversion rates without incurring foreign transaction fees.
• You want to earn interest on checking deposits: With Wise, you have the option to earn 4.13% APY on USD balances. Opting into earning interest gives your funds passthrough FDIC insurance of up to $250,000. However, Wise will take a small portion of your earnings to pay for its operating expenses.
• You have team members needing account access: You can add team members to your Wise account and customize their level of account access. Depending on their assigned role, team members can view account activity, use employee debit cards, manage accounting feeds, make payments, convert funds, and more.

Wise Alternatives & When To Consider Them

Wise’s main priority is providing fast and affordable international money transfers. Since it offers few banking services outside of that niche, it is best to use the Wise Business Account as a supplementary account to a main checking account. However, if you want to keep all banking activity under one platform while still having access to low-cost international transfers, here are a few alternatives to consider:

Novo: Best for built-in Wise integration

• How it fills the gaps: Thanks to Novo’s built-in Wise integration, you can benefit from Wise’s services without having to create a separate business checking account. Novo provides the basic business checking features Wise cannot, including mandatory FDIC insurance and support for check deposits. You also get Novo-exclusive benefits, such as unlimited ATM fee refunds, rapid ACH payments, and faster access to payment processing funds. These benefits are why we included Novo in our list of the top banks for international businesses .
• How it supports international transactions: Novo has a built-in Wise integration, which lets you automatically create a Wise account using your Novo details. You can use Wise’s money transfer services directly through the Novo app or website.
• Our review: Novo business checking review

Relay: Best for cash-reliant businesses

• How it fills the gaps: The Wise Business Account does not support cash deposits, and per month, you only get two free withdrawals of up to $100. Meanwhile, Relay lets you withdraw and deposit cash for free at Allpoint ATMs.
• How it supports international transactions: With Relay’s free account, sending international wire transfers only costs $10. Upgrading to Relay Pro (which costs $30 per month) eliminates all wire transfer fees.
• Our review: Relay business checking review

Bluevine: Best for businesses seeking lending solutions

• How it fills the gaps: Wise does not provide lending services. The online-only banking solution Bluevine gives you access to lines of credit up to $250,000. This credit line lets you draw funds on demand while offering competitive rates, which is why we included it in our list of the leading small business lines of credit .
• How it supports international transactions: Bluevine lets you send next-day international payments to 32 countries in 15 currencies. There is a $25 fee per payment, plus a conversion fee worth 1.5% of the payment amount (as converted into USD) for any payments sent in foreign currency.
• Our review: Bluevine business checking review

Mercury: Best for extended FDIC insurance

• How it fills the gaps: Your Wise balances only receive FDIC insurance when you opt-in to earning interest. If you want FDIC insurance that can cover large amounts, Mercury would be a better fit. It lets you access FDIC insurance of up to $5 million by placing your deposits in sweep networks and money market funds. That extra protection is one of the reasons we placed Mercury on our list of the best free business checking accounts .
• How it supports international payments: Mercury charges no fees for international USD wire transfers. However, there is a 1% currency exchange fee for international transfers in foreign currency.
• Our review: Mercury business checking review

Generally, if your business does not work with international customers, vendors, or contractors, there is little you can gain from choosing Wise. Check out our list of the best small business checking accounts for more general recommendations.

Wise Business Account Overview

Wise business account requirements.

To create a Wise Business Account, you need to sign up online. Wise will ask you to share certain business details, including

• Legal entity name
• Primary place of business and US street address
• Employer identification number (EIN)/Taxpayer identification number (TIN)
• Details of your company’s website and a short description of what your business does
• List of shareholders with ownership of 25% or greater (list must include each shareholder’s full name, country of residence, date of birth, and exact percentage of shares owned)
• If applicable, list of directors (list must include each director’s full name, country of residence, and date of birth)

You may need to submit additional documents depending on how your business is organized. Click on your business entity type for a list of additional documents.

Not-for-profit Corporation

• State-issued 501(c)(3) status (if tax-exempt)
• List of stakeholders (list must include each stakeholder’s full name, date of birth, and country of residence)

Limited Partnership

• Managing partner’s full name, date of birth, and country of residence

Limited Liability Partnership (LLP)

General partnership.

• General partnership agreement identifying partners and their authority
• Filing receipt (if general partnership agreement is not certified)

Once you’ve provided all necessary details and documents, Wise will ask you to pay a one-time setup fee of $31. Also, you may be asked to submit additional documents. Refer to our article on how to open a business bank account for a list of documents financial institutions typically request.

Wise Business Account Features

Holding currencies.

Wise lets you convert and hold money in more than 40 currencies. Visit Wise’s account coverage page to see which currencies your account can hold.

Business Debit Card

When you open a Wise business account, you get a complimentary business debit card. The cost of the card is included in your one-time account opening fee. For a fee of $5 per card, you can issue additional employee debit cards with preset card spending limits.

The card does not charge foreign transaction fees. If you have a foreign currency in your business account, you can use your debit card to pay for transactions in that currency. If you need to pay for a transaction in a currency your account does not currently hold, Wise will use Smart Conversion technology to convert whichever balance has the lowest conversion fee.

This feature is currently only available to sole proprietors and single-member LLCs. Additionally, the card cannot be used in Afghanistan, Burundi, Central African Republic, Chad, Congo and Democratic Republic of Congo, Cuba, Eritrea, Iran, Iraq, Libya, North Korea, Palestinian Territories, Somalia, Sudan and South Sudan, Syria, Venezuela, and Yemen.

Sending International Payments

Wise lets you transfer money overseas at fast transaction feeds and low conversion fees. The fee Wise charges for your transaction depends on the transfer amount, payment method, and the exchange rate. Click the headers below for more information:

• Transfer amount: Larger transfers typically incur higher fees. However, Wise offers discounts on transfers greater than 100,000 British pound sterling (GBP) or equivalent.
• Automated clearing house (ACH)
• Wire transfer
• Credit card
• Exchange rate: Wise always uses the mid-market exchange rate when converting currencies. It does not add any markups to this rate, which means your recipient gets the fairest possible conversion.
• Whenever you make a transaction, Wise will show you the corresponding fee and exchange rate. Visit Wise’s page on sending money to view the provider’s fee and exchange rate calculator.
• Additionally, Wise does not charge a fee when you send money directly to another Wise account in the same currency. If you’re sending money in a different currency, you need to pay a small conversion fee.

Receiving International Payments

In our guide to the best banks for international payments , we named Wise the best provider for low-cost transfers via local accounts.

When you open a balance in one of the ten available currencies, Wise can give you local account details for the country you’re transacting with. This way, your customers can pay you with their local currency. Their payments will then arrive at the same speed and cost as a local transfer.

This method lets you receive money in the following currencies:

• Australian dollars (AUD)
• Canadian dollars (CAD)
• Hungarian forint (HUF)
• New Zealand dollars (NZD)
• Polish zloty (PLN)
• Romanian leu (RON)
• Singapore dollars (SGD)

You can also use your local account details in global marketplaces like Amazon, Etsy, Upwork, and Fiverr.

Receiving international payments is typically free. However, there is a $4.14 fee for incoming USD wire transfers and international SWIFT transfers.

Earning Interest

You can opt-in to earn interest on USD balances. As of July 2023, the APY rate offered is 4.13%. Wise uses a small portion of earned interest to cover operating expenses.

Wise will place your deposits in JPMorgan Chase Bank, N.A, which provides passthrough FDIC insurance up to $250,000. Currently, the provider is unable to offer this feature to residents of Alaska and New York. Otherwise, any US customer with a Social Security number or EIN is eligible to earn interest.

Accounting Software Integration

Wise integrates with the accounting platforms FreshBooks, Oracle NetSuite, QuickBooks, Sage, Wave, and Xero. Once synced, your Wise transactions will automatically appear in your accounting records.

If you use QuickBooks or Xero, you can view and pay outstanding pills directly through Wise. Your software will automatically log each transaction.

Batch Payments

Through the batch payment feature, you can set up 1,000 transfers in multiple currencies and send them in a single payment. Wise will ask you to fill out a spreadsheet template containing relevant information about each recipient (including but not limited to currency, country, and amount to be transferred).

Once completed, you can save the spreadsheet as a comma-separated values (CSV) or XLSX file and upload it to the platform to let Wise process the transaction.

Account Permissions

You can add team members to your Wise account and customize their level of account access. Below are the roles you can assign to your team members:

• Administrators can view and manage all aspects of the account, add and remove team members, and use business cards.
• Viewers can view all account activity, download statements and receipts, and manage accounting feeds
• Employees can use assigned Wise business debit cards up to pre-set limits and view their own activity
• Preparers can view all account activity, set up single transfer orders, download statements and receipts, and manage accounting feeds
• Payers can view all account activity, create and manage payments, convert funds between different currency balances, and download statements

The Wise mobile app lets you transfer funds, pay invoices, open new currency balances, and convert funds. It is available for both iOS and Android.

Reviews for the app are mostly positive. It has a rating of 4.6 on the App Store 1 (based on 29,000-plus reviews) and 4.7 on Google Play 2 (based on more than 468,000 reviews). However, the majority of reviewers discussed the platform’s services rather than the functionality of the app itself.

Wise Business Account Reviews From Users

Most of those who left a Wise Business Account review had positive things to say. On Trustpilot 3 , Wise has a rating of 4.3 stars (based on 193,000-plus reviews). Users liked that the platform had a transparent pricing system, praising its competitive rates and lack of hidden fees. Other customers said that Wise is typically able to offer better rates on international transfers than most banks.

However, some criticized the provider for slowly increasing transfer fees through the years. Additionally, there were many complaints about lackluster customer service. According to reviewers, representatives are often slow to respond to email queries and sometimes lack knowledge of Wise’s processes and products, making it difficult to resolve customer problems.

Bottom Line

When it comes to international transactions, Wise offers some of the best rates in the market. However, with high ATM withdrawal fees and a lack of support for cash and check deposits, the account is not optimal for day-to-day domestic dealings. If moving money internationally is not your biggest priority, the Wise Business Account would be best used as a supplement—not a substitute—to your main business checking account.

User review reference: 1 App Store 2 Google Play 3 Trustpilot

About the Author

Find Ricci On LinkedIn

Ricci Recto

Ricci Recto is a finance writer with a focus on business banking. At Fit Small Business, she specializes in evaluating and producing reviews for business banking accounts and financial technology platforms.

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Home > Business > Business Startup

• 5 Best Business Plan Software and Tools in 2023 for Your Small Business

Data as of 3 /13/23 . Offers and availability may vary by location and are subject to change.

We are committed to sharing unbiased reviews. Some of the links on our site are from our partners who compensate us. Read our editorial guidelines and advertising disclosure .

A business plan can do a lot for your business. It can help you secure investors or other funding. It can give your company direction. It can keep your finances healthy. But, if we’re being honest, it can also be a pain to write.

Luckily, you don’t have to start from scratch or go it alone. Business plan software and services can help you craft a professional business plan, like our top choice LivePlan , which provides templates, guidance, and more.

You’ve got quite a few choices for business plan help, so we’re here to help you narrow things down. Let’s talk about the best business plan tools out there.

• LivePlan : Best overall
• BizPlanBuilder : Most user-friendly
• Wise Business Plans : Best professional service
• Business Sorter : Best for internal plans
• GoSmallBiz.com : Most extra features
• Honorable mentions

Business plan software 101

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LivePlan: Best overall business plan software

Data as of 3 /13/23 . Offers and availability may vary by location and are subject to change. *With annual billing

LivePlan has been our favorite business plan software for a while now, despite the stiff competition.

There’s a lot to like about LivePlan. It has pretty much all the features you could want from your business plan software. LivePlan gives you step-by-step instructions for writing your plan, helps you create financial reports, lets you compare your business’s actual financials to your plan’s goals, and much more. And if you ever need inspiration, it includes hundreds of sample business plans that can guide your writing.

LivePlan software pricing

But the best part? You get all that (and more) at a very competitive price. (You can choose from annual, six-month, or monthly billing.) While LivePlan isn’t quite the cheapest business plan builder out there, it’s not too far off either. And if comes with a 60-day money back guarantee. So there’s no risk in trying LivePlan out for yourself.

With a great balance of features and cost, LivePlan offers the best business plan solution for most businesses.

BizPlanBuilder: Most user-friendly

Need something easy to use? BizPlanBuilder fits the bill.

BizPlanBuilder doesn’t have a flashy, modern user interface―but it does have a very clear, intuitive one. You’ll be able to see your plan’s overall structure at a glance, so you can quickly navigate from your title page to your market trend section to that paragraph on your core values. And as you write, you’ll use a text editor that looks a whole lot like the word processing programs you’re already familiar with.

BizPlanBuilder software pricing

Data effective 3/13/23. At publishing time, amounts, rates, and requirements are current but are subject to change. Offers may not be available in all areas.

BizPlanBuilder also offers lots of helpful guidance for actually writing your plan. It gives you pre-written text, in which you just have to fill in relevant details. It offers explanations for what information you need to include in each section of your plan and way. It even gives you helpful tips from experts, so you’ll have all the information you need to plan like a pro.

So if you want planning software with almost no learning curve, you’ll like BizPlanBuilder.

Wise Business Plans: Best professional service

• Custom quote

Unlike all the other companies on this list, Wise Business Plans doesn’t offer software. Instead, it offers professional business plan writing services―meaning someone does all the hard work for you.

Now, you might think that sounds expensive―and you’re probably right (you have to request a custom quote for your plan). But there’s a lot to be said for expertise, and Wise Business Plans has plenty of that. Your business plan will get written by an experienced writer (with an MBA, no less). They’ll get information from you, do their own research, and then write your plan. You get one free revision, and you can always pay for more.  

Wise Business Plans service pricing

Your end result will be a polished, entirely original business plan. (You can even get printed copies.) And best of all, you won’t have to spend your precious time working on the plan yourself. Wise Business Plans takes care of all the hard parts, and makes your business look good while doing it. Sounds like a service worth paying for, right?

Put simply, if you want the most professional business plan possible, we recommend using Wise Business Plans’s writing service.

Business Sorter: Best for internal plans

Many businesses need plans to show to people outside the company (to get financing, for example). But what if you just need a plan for internal use? In that case, we suggest Business Sorter.

Business Sorter uses a unique card-based method to help you craft the perfect business plan. (You can watch a demo video to see how it works.) You’ll plan some of the usual things, like finances and marketing. But Business Sorter also lets you make plans for specific teams and team members. It also emphasizes more internal matters, like operations, that might get overlooked in a business plan for outsiders.

Business Sorter software pricing

After you’ve made your business plan, Business Sorter also helps you stay accountable to it. You can create tasks, give them deadlines, and assign them to team members―giving you basic project management tools to make sure your business plans become business actions. (Oh, and did we mention that Business Sorter has the lowest starting prices of any software on this list?)

It all adds up to a business plan software that works great for internal planning.

GoSmallBiz: Most extra features

Want to get way more than just business planning software? Then you probably want GoSmallBiz.

See, GoSmallBiz offers business plan software as part of its service―but it’s just one part of a much bigger whole. You also get everything from discounts on legal services to a website builder to a CRM (customer relationship manager) to business document templates. And more. In other words, you get just about everything you need to get your startup off the ground.

GoSmallBiz software pricing

Don’t worry though―you still get all the business planning help you need. GoSmallBiz gives you business plan templates, step-by-step instructions, and the ability to create financial projections. And if you get stuck, GoSmallBiz will put you in touch with experts who can offer advice.

If you want business planning and much, much more, give GoSmallBiz a try.

• PlanGuru : Best financial forecasting
• EnLoop : Cheapest tool for startups

We recommend the software above for most business planning needs. Some businesses, though, might be interested in these more specialized planning software.

Honorable mention software pricing

Planguru: best financial forecasting features.

PlanGuru is pretty pricey compared to our other picks, but you might find its forecasting features worth paying for. It has more forecasting methods than other software (over 20) plus it lets you forecast up to 10 years.

EnLoop: Cheapest tool for startups

EnLoop doesn’t have our favorite features or interface, but it does have really, really low pricing plus a seven-day free trial. It's the most affordable software for startup business planning and still provides all the essential features like financial analysis, team collaboration, charting, and more.

Data as of 3 /13/23 . Offers and availability may vary by location and are subject to change. * With annual billing

Several of our previous favorite planning software, including BusinessPlanPro and StratPad, seem to have gone out of business.

A business plan is a written, living document that tells the story of your business and what you plan to do with it. It serves as the source of truth for you—the business owner—as well as potential partners, employees, and investors, but it also serves as a roadmap of what you want your business to be.

Why you need a business plan

While some small-business owners don’t see the point of creating a formal business plan, it can have some concrete benefits for your business. For example, one 2016 study found that business owners with written plans are more successful than those that don’t. 1

Still too vague? Then let’s get specific.

If you ever seek business funding (from, say, banks, angel investors , or venture capitalists ), you’ll have to prove that your business deserves the money you want. A formal business plan―complete with financial data and projections―gives you a professional document you can use to make your case. (In fact, most potential investors will expect you to have a business plan ready.)

Even if you’re not seeking funding right now, a business plan can help your business. A formal plan can guide your business’s direction and decision making. It can keep your business accountable (by, for example, seeing if your business meets the financial projections you included). And a formal plan offers a great way to make sure your team stays on the same page.

What to include in your business plan

Not all business plans are created equal. To make a really useful business plan, you’ll want to include a number of elements:

• Basic information about your business
• Your products/services
• Market and industry analysis
• What makes your business competitive
• Strategies and upcoming plans
• Your team (and your team’s background)
• Current financial status
• Financial and market projections
• Executive summary

Of course, you can include more or fewer elements―whatever makes sense for your business. Just make sure your business plan is comprehensive (but not overwhelming).

How business plan software can help

With so many elements to include, business plan creation can take a while. Business plan software tries to speed things up.

Most business plan software will include prompts for each section. In some cases, you can just fill in your business’s specific information, and the software will write the text for you. In other cases, the software will give you specific guidance and examples, helping you write the text yourself.

Plus, business plan software can help you stay organized. You’ll usually get intuitive menus that let you quickly flip through sections. So rather than endlessly scrolling through a long document in a word processor, you can quickly find your way around your plan. Some software even lets you drag and drop sections to reorganize your plan.

Sounds way easier than just staring at a blank page and trying to start from scratch, right?

Choosing business plan software

To find the right business plan builder for your business, you’ll want to compare features. For example, would you rather write your own text, getting prompts and advice from your software? Or would you rather go with a fill-in-the-blank method?

Likewise, think about the elements you need. If your plan will have a heavy focus on finances, you’ll want to choose business plan software with robust financial projection features. If you care more about market and competitor analysis, look for software that can help with that research.

You may also want to find business plan software that integrates with your business accounting software . Some plan builders will import data from Xero, QuickBooks, etc. to quickly generate your financial data and projections.

And of course, you’ll want to compare prices. After all, you always want to end up with software that fits your business budget.

The right business plan software can make your life easier. With LivePlan ’s wide breadth of features and online learning tools, you can’t go wrong. Plus, BizPlanBuilder 's one-time pricing makes it easy to invest while Business Sorter has a low starting cost. And if you're business is looking to grow, GoSmallBiz and Wise Business Plans will scale with you.

But of course, different companies have different needs. So shop around until you find the software that’s best for you and your business.

Now that you've got a business plan, take a look at our checklist for starting a small business.  It can help you make sure you have everything else you need to get your startup off to a good start!

Related content

• 7 Steps to Build a Successful Project Management Sales Plan
• Best Project Management Software and Tools in 2023
• 4 Cost Management Techniques for Small Businesses

Creating a business plan can take anywhere from a couple hours to several weeks. Your timeline will depend on things like the elements you choose to include, whether you use software or hire a writing service, and how much research goes into your plan.

That said, much of the business plan software out there brags that it can help you create a fairly detailed plan in a few hours. So if you’re going the software route, that can help you set your expectations.

If you want to get the most out of your business plan, you should update it on a regular basis―at least annually. That way, you can continually refer to it to inform your company’s strategies and direction.  

At the very least, you should update your business plan before you start looking for a new round of funding (whether that’s with investors or lenders).

Thanks to business plan software, you can easily write your own business plan rather than pay someone to do it for you. And in most cases, software will cost you less than a professional business plan service.

There are some times you might want to go with a service though. If time is tight, you might find that it’s worth the cost of a service. Or if you’ve got big investor meetings on the horizon, you might want the expertise and polish that a professional service can offer.

Ultimately, you’ll have to decide for yourself whether business plan software or a business plan service will work better for your company.

Methodology

We ranked business plan software and tools based on features, pricing and plans, and connections to project management and other services. The value of each plan and service, along with what it offers, was a big consideration in our rankings, and we looked to see if what was offered was useful to small businesses or just extra. The final thing we looked at was the ease of use of the software to see if it's too complex for small businesses.

At Business.org, our research is meant to offer general product and service recommendations. We don't guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services.

Sources 1. Harvard Business Review, “ Research: Writing a Business Plan Makes Your Startup More Likely to Succeed .” Accessed March 13, 2023.

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Our mission is to help consumers make informed purchase decisions. While we strive to keep our reviews as unbiased as possible, we do receive affiliate compensation through some of our links. This can affect which services appear on our site and where we rank them. Our affiliate compensation allows us to maintain an ad-free website and provide a free service to our readers. For more information, please see our  Privacy Policy Page . |

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Wise Business Plans   Reviews

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Reviews 3.6.

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Wise Business Plan is not what you want for your business plan!

Wise Business Plan is far from what they advertise and not in a good way. Now Let me be more specific: We contacted them for an Immigration E2 Visa business plan. I had done my homework diligently. I had setup my website, and social media pages for my company – and I had run and crunched the basic numbers to be able to demonstrate the viability of the project, mind you I am not a financial guy – I fly airplanes for a living – suffice to say  I hired wise business plan to write up an E2 visa business plan, and it was agreed that the process would take 2 weeks – That was the first disappointment – as it took 19 days to be done. After the first online call – That was the second disappointment – they just ghosted me, no news for 10 or so, I was left in the dark as to how good and how far into the writing they were at. Fair enough one could agree IF – That was the third disappointment – if their team had actually wrote the business plan, but instead and to my surprise, they just copy/paste the narrative out of my company website. YES! I actually wrote the narrative for them, 93% of it to be precise when tested on plagiarism website. I got over it and did not say much about it, as by then, I had paid up the 2450 USD and needed the task to be completed. The financial part, some numbers were wrong, data were actually missing, and they had missed the core activity of my business – That was my fourth disappointment – I once again had to do some research on my own to narrow down and pinpoint what the business focused on. Finally, came the design stage – My fifth and last disappointment – when I asked to make changes, and they actually did the changes backward, mind you that I was very detailed and specific in my email and that you only get 1 round of change, after that you gotta cough up more of that hard earned cash! My personal impression would one ask? Well they are slow, sloppy, and the kind that cuts corners (yeah I still have it bad that they just copied and past from my website) and they communicate at minimum. Basically, not what you would expect for that price. They will do the job, but overall, they are inefficient. So if you can’t afford to pay more, well look for competitors and if really you can’t find any, well then fall back to wise business plan … but you have been warned.

Date of experience : March 21, 2023

Reply from Wise Business Plans

Dear Mr. and Mrs. Sferrazza, We are surprised and saddened to see your review. We strive for perfection with every customer. We apologize for any miscommunication and as we have several checkpoints during the process. Please find feedback on the points below. Timeline: This is partially correct. Based on the project, we quoted 10-14 business days (please see formal quote) for the first draft to be delivered. The first discovery call occurred on 02-06-2023 and the first draft was delivered on 02-22-2023, the 12th business day (please see documentation). Contact: We apologize if you felt that way, as we have an open door policy to contact your writer directly at any time. We provided an email update on 02-08-23 stating that we have all the necessary information to build your business plan (see documentation). 02-06-23 – Discovery call 02-08-23 – Email update 02-22-23 – First Draft 02-23-23 – Revision email 02-23-23 – Revision call 03-07-23 – Second Draft 03-09-23 – Approved for design 03-07-23 – Designed plan delivered 03-14-23 – Updated design 03-21-23 – Updated design Plan: We respectfully have to disagree. We confirmed on the recorded zoom call that pulling information on your services from your website would be okay. This accounts for 1 to 2 pages of the 44 pages (designed plan). As for the research, if you recall, we explained how the NAICS works and how the business is classified Per your email, you were thankful for the explanation and insight (see documentation). We try to be 100% accurate in the first draft; however, some clarification may be needed after being reviewed. That is why we give two weeks for any revisions. Design: We apologize for this, as you requested two images to be updated and our design team updated the wrong pages. We did update the plan with the requested images. However, respectfully, we are very prompt and diligent with our customers. This is why we were surprised by your review when you provided kind words throughout the process/checkpoints. Feedback: Comments throughout the process: 02-27-23 “Thanks Eric, now that makes much more sense as in why it was done the way you did it... I really appreciate you taking the time to explain. Seems advisable to compromise indeed. I would be happy if you could add it up to what was already made since what you guys got matches the NAICS.” 03-09-23 “Hi everyone, Thank you for the amazing job done on the revision - After reviewing it it is fair to say it does match what we expected and more! Please proceed onto the next step - graphic.” 03-14-2023 “Hi everyone, Thanks for the update - Great job and very nice color scheme.” Please contact us as we would like to chat with you. Sincerely, Wise Business Plans Customer Care 800-496-1056

AAAA+ Services

I was introduce to Wise Business Plans by a friend who gave glowing reviews. I have experience the same top level service from the staff. Kristine, Dorothy, Jeff have been nothing but exceptional and their attention to details embodies my company’s ethos and this reason and more Wise Business is my go to for all my company’s needs. I have not been unselfish as I have duly recommended their services to other people at every given chance. Thank you Wise Business Plans and I look forward to continuing doing business with you.

Date of experience : January 31, 2023

Best investment

This team has been amazing and went above what I thought I needed. Highly recommend this service. You have given me such a confidence boost. Best investment so far.

Date of experience : February 17, 2023

WBP The Best!!!

Wise Business Plans is the absolute best! They are very organized from the time line, to business planning, implementation and finalization of the business project. Our writer really did his research and came up with a very professional Strategic Business Plan. Wish we had known them early enough. They made the 5 year plan achievable and realistic. Highly recommended!

Date of experience : July 28, 2022

Transfer was frozen without prior…

Transfer was frozen without prior notice and giving reasons. We are a flooring company wanted to use Wise-Business to transfer money from Switzerland to our italian manufacturer (both companies regular listed in the commercial register). Also because we read about a lot of frozen accounts on the net, we asked support about this before opening our account. For regular companies there are no problems to be expected. Now almost 8K $ frozen, so Wise can check some documents they state... Not so trust-building I'd say. -------- Update: The support contacted us saying they are sorry for the misunderstanding. A lot of companies open accounts without ever using them, so they don't start verifying before really sending money - reasonable. They sent back the money to us within minutes - tunes mildly, so lets give a 2nd chance. I think it would be good to state this practice with the first money order instead posting money will arrive next morning. Support says verifying is somewhat between 3 days and a week. Just be transparent and all is good.

Date of experience : March 18, 2021

Sorry to hear about your experience; however, it appears this is a different company: Wise Transfer. Please try reaching out to them at (888) 908-3833. Sincerely, Wise Business Plans 800-496-1056

We sincerely appreciate all of your…

We sincerely appreciate all of your hard work. We have been VERY pleased with the services offered thus far and are extremely excited to take the next steps towards a finalized business plan! Thank you all SO much.

Date of experience : April 20, 2020

I encourage everyone to get this team!

I encourage everyone to get this team as they are professional business plan writers and they'll surely be an a big help to each and everyone of us. Many thanks!!

Date of experience : December 31, 2021

I had terible expiriense with Wise…

I had terible expiriense with Wise business plans. The company has refused to do even one change. I will not go back to them again.

Date of experience : July 05, 2022

Dear Mr. David Zinberg (Stock Knock), We are sad to see your review. As you know, we strive to provide outstanding customer service before and after our project completion. From our notes, we made multiple attempts to reach you and extended the revision period three times before going into graphic design. As a repeat customer, we are always willing to provide deep discounts on any revisions needed. Please do reach out to us so that we can help address and make things right as possible for you. We look forward to working with you on this. Customer Advocacy Department Wise Business Plans

What a great service and I will make…

What a great service and I will make sure that I will recommend this to my friends and family.

Very good service

Very good service, this company raise the standards of business planning