growthink business plan reviews

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Top Features & Services

• 4.3  Business Plan Templates
• 4.5   Business Planning
• 4.3   Budgeting & Forecasting
• 0   Collaboration
• 4.4   Support

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• 4.8   Business Plan Templates
• 4.6   Business Planning
• 4.7   Budgeting & Forecasting
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Growthink is a management and business plan consulting firm that has been helping entrepreneurs and executives plan, execute, and achieve transformative success since 1999.

It has been considered one of America’s best management consulting firms by Forbes magazine and Statista.

Their extensive service list includes business plan consulting, business plan writing, investment banking, management consulting, capital raising, industry research, competitor analysis, and more.

Among its extensive services, Growthink is best known for its business plan template and business planning-related services.

Growthink’s business plan template is a quick and easy way to create a winning business plan. The best part about this business plan template is its simple fill-in-the-blank process, automatic financials, expert answers, 10 gorgeous designs, and lifetime access.

Overall, Growthink, with its services, can surely be an incredible companion for executives and entrepreneurs to help them grow their businesses. Still, their fees and pricing structure may not be affordable for all.

Hence, choosing a best business plan software would be a wise decision. Anyways, Let’s move ahead and discuss its ratings and reviews.

Top-Rated Growthink Alternatives

Growthink Rating

Growthink reviews.

• The amount of professional research available to support a business plan gives a solid foundation to build entrepreneurs' businesses.
• Once you purchase Growthink’s business plan template, you have lifetime access to use it for any business.
• There’s no software, so no learning curve . Simply download the template, personalize it, and print your plan.
• Their member’s area includes sample business plans and resources to help grow your business .
• Purchase is risk-free as Growthink provides a 365-day 100% money-back guarantee .
• Simply type in some number, and the template automatically calculates your 5-year financial projection .
• This business plan template subscription includes free access to “Insider Secrets to Raising Capital” and “Productivity Secrets”.
• Growthink’s business plan template might not ideally represent the unique value proposition of your business due to its restrictive customization options.
• They only offer a lifetime subscription model , so not every entrepreneur may consider using this service.
• The template has not been updated regularly, so it may contain outdated information and no longer relevant strategies.
• It can be challenging to have a business plan written by someone who doesn't understand your business completely.
• This generic template may not include comprehensive and latest market research data.
• This template may offer a structured business-planning outline but lacks sufficient guidance and educational resources .
• Opting for their business plan writing or consulting services can be way too expensive for startups and small business owners.

Growthink Pricing

Growthink does not have structured pricing plans for the extensive range of services they provide. So, entrepreneurs often need help figuring out how much they can expect to spend if considering hiring Growthink as their business consulting or writing service provider.

So let’s take a look at Growthink, their business planning products & services, and how much you can expect to spend on these:

Business Plan Template: Growthink’s ultimate business plan template costs $97 , which includes an easy-to-use business plan template with automatic financials, 10 design options, lifetime access, and other relevant features. As this template comes with lifetime access, you can use it for any business you’re involved in. Business Plan Consulting: Growthink has been providing business plan consulting services for a few decades now. Depending on your needs, these consultants can help you conduct market research, create a strategic plan, and prepare a business plan. Though they do not provide any pricing plan, consultants usually charge somewhere between $50 to $300 per hour, depending on their expertise and the complexity of your plan. You can book a free consultation call and learn more about their consulting services and fee structure. Business Plan Writing: Growthink provides business plan writing services to entrepreneurs, mid-large-sized organizations, and nonprofit organizations. Professional business plan writers usually charge between $2,000 to $25,000 depending on your business plan’s quality, complexity, and length.

Price Comparison

Having discussed Growthink’s pricing recently, we can say it may not be the right fit for new entrepreneurs and small business owners starting out on a tight budget.

The cost of hiring a business plan consultant or writer can add up to hundreds and thousands of dollars, which certainly isn’t ideal for an early-stage startup.

Instead, choosing business planning tools like Upmetrics could be an affordable, reliable, and beginner-friendly growthink alternative .

See how cost-effective Upmetrics can be compared to Growthink.

Business plan consulting Custom (Appx. $50 to $300 per hr.)

Business plan template $97 (Lifetime Access)

Money-back guarantee Yes

Free Demo No

Starter $7/per month

Premium $14/per month

Features & Services

1. business plan template.

With Growthink’s business plan template, users can easily create professional business plans and turn their ideas into reality. This template comes with lifetime access and doesn’t require any recurring fees. Here are a few key highlights of Growthink’s ultimate business plan template:

• Simple fill-in-the-blank exercises to help you get started.
• Simply type in some numbers, and the template automatically calculates 5-year financial projections.
• Comes with 10 professionally-designed templates.
• No learning curve.
• 365-day money-back guarantee.

2. Business Plan Consulting

Business plan consulting is one of Growthink’s primary services. They have a team of consultants with world-class academic, entrepreneurial, and financial backgrounds. As mentioned earlier, these consultants can help you conduct market research, create a strategic plan, and prepare or customize a business plan depending on your specific requirements.

3. Business Plan Writing

In addition to consulting services, Growthink has an efficient team of writers helping entrepreneurs and executives write professional business plans. Business plan writers can help you fully customize your plan, conduct thorough market & competitor research, forecast financials, and can offer strategic consulting for growth and funding. If you don’t have time to write a business plan or need assistance getting started, professional business plan writers can help. However, it may not be ideal for someone starting on a tight budget.

4. Industry Analysis

A complete market research or industry analysis can provide a direction about your company’s path. To help you start and grow your business, Growthink provides in-depth industry analysis, data, trends, market share, and forecasts. An understanding of market conditions will ultimately contribute to the development of marketing and growth strategies. Growthink’s market research capabilities span every major industry in the US, including Fashion, Entertainment, Automotive, Healthcare, Real Estate, and others.

5. Customer Research

Entrepreneurs and business owners must understand customer requirements to serve them successfully, and conducting customer research is the best way to do that. Through Growthink’s customer research services, you can better understand your customers’ needs, how these needs are currently being met, and what else can be done to enhance the experience. You can contact their support team to learn more about their customer research services.

Growthink is a great business planning and management consultant helping entrepreneurs and executives grow their businesses through service offerings.

With an expert team of business consultants and writers and their industry expertise, hiring Growthink for business plan writing or consulting makes the perfect sense.

However, its business plan template lacks many advanced business planning features compared to business plan software like Upmetrics .

Now that we have thoroughly reviewed Growthink, including their services, reviews, and pricing, deciding whether or not you need to go for it will be much easier for you.

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Frequently Asked Questions

What is growthink used for.

Growthink is a business and management consulting firm helping entrepreneurs and executives grow their businesses through their service offerings. Their key offerings include business plan writing and consulting services, as well as their ultimate business plan template.

What are some good alternatives to Growthink?

Here’s the list of the top alternatives to Growthink :

• Pro Business Plans
• Optimus Business Plans
• Wise Business Plans
• Cayenne Consulting
• Other top business plan writing services

Is Growthink business plan software?

No, Growthink is not a business plan software but a business and management consulting service provider offering a business plan template, among other services. As it’s not a business plan software, their services may seem too expensive compared to available business plan software in the market.

What is the pricing of the Growthink business plan template?

Growthink’s business plan template costs $97. This easy-to-use business plan template comes with automatic financials, 10 design options, lifetime access, a 365-day money-back guarantee, and other relevant features. One of Growthink’s competitors, Upmetrics, offers a more affordable business planning solution than Growthink, which starts at just $7.

Does Growthink’s template provide financial projections?

Yes, Growthink’s template provides automatic financials that can automatically calculate your 5-year financial projections.

Popular Templates

Growthink Business Plans Review: Quick & Easy Tool?

By Max Zabairatskii, Updated August 7, 2023

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

• It covers all the critical elements of a business plan.
• The plan is designed by experienced professionals.
• It saves a substantial amount of time in designing a business model.
• They offer a 365-day money-back guarantee.
• It has received many positive reviews.
• Their customer service seems to be efficient and responsive.
• The Growthink.com cost might be higher compared to other business plan services.
• Being template-based, it may lack uniqueness.
• The business model may lack a personal touch due to the template-based approach.
• Entrepreneurs might become dependent on Growthink for setting up their businesses.
• There is no free trial to test the service before purchasing.
• Every plan is meticulously researched, carefully structured, and professionally outlined.
• The quality can be seen in the thorough market analysis, realistic financial projections, and clear strategic direction.
• Their consistent commitment to quality has enabled them to deliver exceptional business solutions that facilitate startup success, attract investors, and drive revenue growth.

Value for Money

• Growthink offers a high-quality business plan at an affordable price, ensuring value for money. The potential returns in terms of securing funding or driving a company's success far outweigh the initial investment.
• The company provides extensive support throughout the business development process, from initial consultation to final delivery, adding to the overall value.
• Their business models are comprehensive, addressing every aspect from market analysis to financial planning, thus saving clients the cost of seeking these services separately.

Customer feedback

• Growthink is praised for the practicality of the plans and the immeasurable help they've brought to customers.
• They appreciate the prompt and professional feedback, which ultimately enhances their business understanding and improves their strategies.
• The business planning process has also been praised for the learning experience - customers get hands-on experience, and a head start in the business world.

In today’s ever-evolving business landscape, having a solid business plan isn’t just a nice-to-have – it’s a necessity. But crafting a compelling one isn’t easy, and that’s where websites like Growthink come in.

Whether you’re starting a new venture or scaling an existing one, the right consulting service can make all the difference. That’s why I’m sharing my personal experience with Growthink’s services, a company that boasts a range of business planning services.

In this Growthink.com review, I’ll be evaluating their offerings based on several criteria that are essential for selecting the best enterprise software or service. These criteria include:

• Quality of the product
• Features it offers
• Usability of the website interface
• Value for money
• Online feedback
• Guarantees provided by the company, such as a money-back guarantee and privacy assurance

I’ve spent countless hours exploring Growthink’s tools and services, and I’m excited to share my personal insights with you. Don’t just take my word for it.

I’ll be sharing screenshots of my interactions with the product and pulling in comments and Growthink reviews to give you a comprehensive overview of what to expect from them. Let’s dive in!

Growthink Explained

Growthink is a reputable business planning and strategy consultancy that was established in 1999. The fundamental purpose of this firm is to empower entrepreneurs to successfully start, grow, and exit their ventures.

It accomplishes this via its wide array of services, such as:

• Business plan development
• Investment banking
• Market research
• Strategic planning

Growthink’s Main Features

Over the years, Growthink has been able to make a significant impact in the business world. They’ve helped over 10,000 clients, including startups and large multinational corporations across various industries.

They’ve also developed a proprietary methodology that drastically simplifies the enterprise planning process. Its software, Growthink’s Ultimate Business Plan Template, is a popular tool that has been used by over 250,000 entrepreneurs and owners.

The firm has also introduced writer software that guides users in creating a professional, investor-ready business plan. This has been a game changer in the industry, as it allows entrepreneurs, regardless of their expertise, to create something compelling with a structure that’s easy to follow.

Growthink’s Reputation

Key to Growthink’s success is its team of experienced professionals who bring a wealth of knowledge from various industries. They work closely with clients, providing personalized solutions that align with their goals.

Furthermore, Growthink maintains a robust online presence. They have many articles and training videos that educate entrepreneurs about essential aspects of growing their business.

In terms of industry recognition, they’ve been featured in several reputable media outlets, further cementing their position as industry leaders.

Ultimately, Growthink plays a significant role in the business planning and strategy industry. Their commitment to driving success, combined with their products and services, makes them a notable player in the industry.

Growthink Features that Stand Out

Growthink has been an exceptional partner on my journey through business development as an entrepreneur. This platform has been instrumental in my strategizing process, and I am eager to share my experience.

Who Will Find This Platform Helpful?

The beauty of this platform lies in its versatility. It’s one that anyone at any stage of their career can use. From start-ups to established firms looking to scale or exit, but also to non-profit organizations, franchises, and even large corporations.

Main Features of Growthink’s Tools and Services

Growthink’s Ultimate Business Plan Template stands out as a key feature. It’s designed to simplify the complex task of crafting a comprehensive strategy. The guide walks you through the process of creating investor-ready business plans. Additionally, the template saves time, so you can focus on other aspects of your company.

Another standout feature is Growthink’s consulting service. This feature lets you work with experienced writers and strategists who help optimize your goals and strategies.

Lastly, their market research services deserve a mention. With this feature, you have access to high-quality market research data, which is really helpful in making strategic business decisions.

How Does It Work?

Using Growthink is very straightforward.

• First, you select the services you need, be it the business plan template, consulting service, or market research.
• You then connect with their team, who assist in tailoring a program that suits your specific needs.
• The subsequent steps involve iterative refinement of your business blueprint or strategy based on your input and expert advice from the Growthink team.

This Growthink review merely scratches the surface of what they have to offer. To fully appreciate the platform, you have to use it. In the following sections, I’ll go deeper into my personal experience with them.

I’ll shed light on how each of these features has directly influenced my business’ trajectory, painting a clearer picture of why Growthink could be the strategic partner you’ve been searching for.

Growthink Quality

Growthink’s Ultimate Business Plan Template is a game-changer. It’s comprehensive yet easy to understand and implement. It guides you through each step and does a wonderful job of explaining complex concepts in a digestible way.

The template is well organized, and it’s clear that it was designed by professionals who understand the intricacies of business planning.

Growthink is a team of experienced professionals who are passionate about helping entrepreneurs succeed. Both Jay Turo and Dave Lavinsky, the platform’s founders and leaders, have extensive experience in business planning and strategy.

You’re not just buying a product, you’re getting the backing of a team of experts who are invested in your success.

Growthink offers a 365-day, 100% money-back guarantee. This shows their confidence in their product. So essentially, if you’re not happy with their business plan template or services, they’ll refund your money with no questions asked. It’s a risk-free investment, which is quite reassuring.

Comparison with LivePlan and Bizplan

In comparison to Growthink alternatives like LivePlan and Bizplan , Growthink stands out in several ways, but LivePlan is still a better choice. Take a look at this comparison table to help illustrate these differences:

Growthink’s Ultimate Business Plan Template is a one-time purchase, unlike LivePlan and Bizplan which have monthly or yearly fees. This makes the Growthink cost an affordable choice in the long run.

This is mainly because the quality of your business model is determined by the level of customization you need. So basically, you can go as expansive or as modest as your budget allows.

Growthink Pricing

Having personally used the Growthink business plan, I found it to be of an exceptional standard. The document is highly detailed, well-structured, and it covers every aspect an investor might want to see.

It’s clear that the team is highly experienced and knowledgeable in the field of business development.

As for Growthink.com prices, their Ultimate Business Plan Template is priced at $97.

• This one-time cost gives you immediate and lifelong access to the template, which can be downloaded and customized according to your needs.

I found this to be reasonably priced, considering the value offered, especially when compared to other platforms that charge recurring fees.

In terms of payment options, Growthink accepts:

• American Express

Growthink: Value for Money

After using the platform, I can assert that the business plans they provide are indeed worth the Growthink prices. For a one-time payment of $97, you receive a comprehensive and detailed business template that covers all the critical aspects a potential investor or lender might be interested in.

Your purchase gives you access to a well-structured package that includes:

• An executive summary that incorporates a marketing, operations, and financial plan plus company, industry, customer, and competition analysis
• Funding possibilities
• Industry standard tips, tactics, and strategies
• 10 unique templates
• Lifetime access
• One year access to customer support
• Bonus access to “Insider Secrets to Raising Capital” (worth $299) and “Productivity Secrets” (worth $197)

Each section is meticulously crafted, with a clear focus on the details that matter. This depth of information can save you countless hours of research and structuring, making the price absolutely worth it.

But the value of the business plan doesn’t stop at its content. The fact that it’s created by a team of experts with years of experience in helping people succeed adds a layer of credibility to your business, which can be invaluable when approaching investors or applying for funding.

• The 365-day, 100% money-back guarantee increases the value of the business strategy even further. It’s like a risk-free safety net.

Essentially, the value of the Growthink.com business plan goes beyond the monetary price. It’s an investment in a tool that can help launch or grow your business, backed by expertise and a customer-friendly guarantee.

Feedback and Reputation of Growthink

Based on my research and the Growthink reviews I’ve found online, they’re overwhelmingly positive. Customers praise their passion and commitment, which demonstrates a results-focused, compassionate, and helpful support staff.

• From the experience shared in G2, it seems that Growthink’s template has been instrumental in helping entrepreneurs develop thorough and strategic business plans.

• Based on com reviews from ResellerRatings (4.88 stars), I can say that the Growthink.com business plan offers tremendous value for its price, and many entrepreneurs have found it to be a helpful tool in their business preparation process.

I haven’t found any negative reviews of Growthink during my research, which further strengthens the credibility of Growthink.com.

• There were some complaints on the Better Business Bureau where some people had issues with delayed access to the template. But, each complaint is responded to by a Growthink representative.

The Recap: Is Growthink Good?

In conclusion, my experience with the Growthink business plan has been overwhelmingly positive. The quality of the service is above reproach. The comprehensive template is backed by expert knowledge, offering a guiding hand that can make the intimidating process of business development significantly less daunting.

Echoing my sentiments is the feedback from countless other entrepreneurs who have found success with Growthink. Their testimonials are a testament to the platform’s quality and effectiveness. I wholeheartedly recommend the Growthink program to any budding or experienced entrepreneur looking for a reliable and robust business planning tool.

Who is the CEO of Growthink?

Jay Turo has been the CEO since its inception. With experience in venture capital and private equity, his leadership has helped Growthink become a leading strategic advisory and investment firm.

  Is Growthink good for business plans?

Yes, Growthink is good for business plans. It offers extensive coverage, expert-backed design, time efficiency, and a money-back guarantee.

Which is better, Growthink or LivePlan?

For a personalized business plan, especially for investment, Growthink is best because of their hands-on assistance and customization. LivePlan is straightforward, with a step-by-step layout, with intuitive features.

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Reviews 2.9.

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"FRAUD IN THE INDUCEMENT"

They sure deceived me with their "365 Day Money Back Guarantee", tricking me into trusting them and then refusing to refund the $594 charged for their worthless "Expert Marketing Research" and "Ultimate Money Raising System" which are way out of date with the market changes over the past two years. Don't let them cheat you with their scam!

Date of experience : April 14, 2024

fraud - nothing less. Stop them - professional marketing - but you dont get anything. Charge a fee 2 times - only to find out after having the reciept. Sorry that this is how the world goes - it is nothing but less all from what they want to sell. A business plan with a 10 minuttes introduction - but a word file of 10 questions - and 97 USD - and charged 2 times !!! 194 USD !!! Happy i did not go for the marketing package - even it could have been a great help. Hope i am the only one got trapped here

Date of experience : September 21, 2021

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- Since 1999 -

Verified growthink customer reviews, ★ ★ ★ ★ ★ "growthink is a sharp, creative, and results-focused group that will turbo-charge the growth of your business".

Since 1999, Growthink has helped over 500,000 entrepreneurs and executives develop business plans, raise funding and grow their companies.

Our clients have now raised over $2.5 BILLION.

Growthink’s mission is to help executives and entrepreneurs grow their businesses so they can create jobs, offer customers better products and services, realize personal satisfaction and wealth, and fund programs that make the world a better place.

Where you are

Do you need a business plan to grow your company? Do you need funding? Are you interested in selling your business? Would market research help you identify and pursue new opportunities?

In any of these cases, Growthink can help.

How it starts

Choose from Growthink’s business plan consulting , investment banking , and market research services, or purchase one of our products that can help you take your business to the next level.

Need someone to help write your business plan?

Since 1999, growthink has created more than 4,000 business and strategic plans for clients who have gone on to achieve tremendous success..

Business Plan CONSULTING Customer Reviews

Want to write your business plan yourself?

Since 1999, hundreds of thousands of entrepreneurs and business owners have purchased growthink’s ultimate business plan template..

Business Plan TEMPLATE Customer Reviews

Investment Banking

Our best investment banking testimonials are RESULTS.

See some of our recent transactions below.

Growthink Reviews was created by Growthink to show a sampling of the customer reviews we have received over our 20+ year history.

We our extremely proud to have helped so many clients achieve great success and personal satisfaction over the years.

Clearly, in serving such as vast amount of clients, we have had cases in which someone has given us a negative review.

In 100% of these cases, we have reached out to the client to try to rectify the situation. Unfortunately, there are certain individuals who can never be fully satisfied. But we always try our absolute hardest.

We hope the Growthink reviews posted on this page give you a sense of the quality work we do and our commitment to the success of our clients. We would love to serve you too, and we are confident that your review of us will be extremely positive.

© 2024 Growthink Reviews

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About the Business

Business owner information

Business Owner

Since 1999, Growthink has helped thousands of organization of all types and sizes achieve outstanding success, including: - Through our world-renowned business plan development practice, helped thousands of entrepreneurs and executives successfully start, grow and exit their businesses. - Through our market research practice, helped them identify, validate, and improve upon mission-critical growth opportunities for their companies. - Through our innovation practice, driven organizational change and new product and service development at companies including Deustche Bank, McKesson, Porsche, Paramount Pictures, and the Salvation Army. - Through our FINRA / SIPC - licensed broker-dealer subsidiary, completed private placement and business sale transactions with an aggregate size of over $10 billion. - Through our Guiding Metrics data analytics and dashboard practice, Growthink empowers clients to make smart, data-driven business decisions. …

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12130 Millennium Dr

Los Angeles, CA 90094

Playa Vista

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Overall rating

Do not attempt a strategic plan without the ultimate strategic plan template. For only $97, it's a no brainer. Full plan with financials In 6 hours!

This is a scam company. I purchased "market research" from them. It was inaccurate, not applicable to my company, had missing information and completely incorrect information. I let them know and they refused to refund. It is a complete scam.

I am so grateful to the team at Growthink for offering me a huge hand up. Truly the hardest part was starting... thank you for the direction and expertise! Once I am a little further ahead I plan on reaching back out to this company for additional support such as market research- ever grateful, kelly m-

I just bought the software. It's quite easy to navigate, and it is more resourceful that I expected.

Growthink provides a very efficient, user-friendly process that makes it easy for companies in need of Business solutions. Great service, with great products.

A smooth transaction with a chest full of treasures for any entrepreneur! Highly recommend to anyone starting a business!

This is a very dishonest business for any new start up, M&A, business plans and analysis. The team is disorganized and never showed up to all the meetings the company engaged in. They had people missing appointments for the heft cost of doing business with them. I would run as they have a 2.7 star rating on BBB - https://www.bbb.org/us/ca/los-angeles/profile/management-consultant/growthink-1216-100022828

No Spit Shine to This Business Plan - More like Swiss Cheese (Digital Assets Not Delivered On What The Product Promised!) I tried working with GrowThink over the last year. I think this should document the painful process I had to experience. They gave me the whole spill they have did more business M&A deals and had the whole past performance of writing supplemental business plans targeted around "Power Purchase Agreement" - better known as PPA's. During the structuring of the business plan we had a lot of moving parts, this was no simple lift and shift. Lots of documents, line items to calculate, cost of raws, and BOM - build of materials. As we started to engage the teams, partially the team was mismanaged as people who I thought would stay with the cycle of the project team to keep brain storming, analysis, and flow of content creation. For the period of time of 1 year, we should of already been completely funded by this point. We had fusion capital on the table that just fell like crumbs. The drafts of deliverables for the first document, after we already submitted more than half the payments ie the slide deck only came in the first time during July 2021. We needed to fix many errors and common grammar for marketing that just seem more on the novice level for this opportunity. As things progressed, more people kept leaving the project. I decided to take a trip to Aruba as things are getting more stressful and getting in touch with GrowThink was next to impossible to reach any of the upper management. I sent a complain that I didn't have the DRAFT of anything pertaining to the business plan that was promised. As this was September 2021 and all payments in the full amount of $34,000 USD was sent to GrowThink. But where was my business plan and showing something was done up until this point. Nothing was sent for another three months for discovery. On November I started to reverse the first and second payment due to non-deliverables and anything obtained for the digital assets. Not sure why I paid them the last payment? I thought they were holding documents hostage. During the timeline of delivery this guy John Walsh, kept tell me to check my spam filter that he sent it. I would talk again the next week. It was another excuse that I'll send it when I get home. Then another excuse that I sent it, I keep asking over and over again like a broken record. That's when I asked for the third payment to get reversed from my CC. As I had nothing for completion of this transaction for the scope of work and nothing to get me to "Series A". Finally after Thanksgiving and waiting too long for a DRAFT after I engaged services at the beginning of 2021. I get a document that is so embarrassing it just pissed me off and made me even more upset. Nothing was up to date on the business plan. It was so poorly written that it's content was no more than a high schooler's technical skillset, many investors, banks and other partners complained that this was not going to get us any where near investors to close. They frankly said is this a start up and where is the PPA documentation for the solar farm? Inside the financial analysis was missing all the updated numbers to refine profitability, cost of raws to finished products. We didn't even have profitability and cost models to reflect the true outcome of the business. As for the PPA, we never got anything describing the extra $8,000 paid for fake and nothing but 1 cost accounting line item with showing a .06 cents mark up. A PPA plan has many many pages to make the project presentable to the power company and much less an investor. It was 6 months outdated from all the content shared and a complete waist of time Jay Turo doesn't give two cents about the client, I asked for follow up phone calls over the last 9 months. They took the money and ran. Now I'm coming back for damages! I wish they would have showed up to the meeting, When you paid top dollar you shouldn't have to beg for people to show up to the meetings they created! Lessons learned for a lifetime. They (John and Jay) apologized for the F-Up, even tried to offer me some little $5K return for my complaint! They wanted me to sign a letter that I wouldn't go back for more. I said no thanks. As I post this you should understand where you place your money for the future of GrowThink. WARNING! It was missing all the Parts of a Business Plan: 7 Essential Sections Executive Summary. Company Description. Products and Services. Market analysis: Strategy and Implementation: Organization and Management Team: Financial plan and projections: Filed complaint BBB - http://sanjose.app.bbb.org/complaint/view/997694/c/a34j68

The company is non-responsive bad doesn't deliver on what you order. I have emailed more than 10 times and called twice and have not received one response. In finally reported it to my credit card company and they responded that they had sent the information to me so my claim was false. Why wouldn't they just have responded to the 10 other emails to resend the report I hadn't received. Still haven't received my reports or a response to my emails.

Updated Review. "I stand corrected. Growthink is a great company with compassion and vision. At first, I sincerely had a unpleasant experience; however. I received a personal caring call that has forever changed my opinion about the company. I advise anyone looking for solid business planning and heart to work with Growthink. Let's be honest. Whether your seasoned or new being an entrepreneur is not for the weak. I am happy to recommend a company that values and understands the fearless entrepreneur. Please message me if you have any questions. Sincerely, Jonathan R. Moore [email protected]

The Growthink team has been professional and thorough, and the work they've done has consistently exceeded my expectations. There is impressive brain power in that team, with a perfect blend of creativity and knowledge. Highly recommended!

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How to Quickly Create A Business Plan That Actually Gets You Funding & Ensures You Have a Winning Strategy

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Butcher Shop Business Plan Template

Written by Dave Lavinsky

Butcher Shop Business Plan

Over the past 20+ years, we have helped over 1,000 entrepreneurs and business owners create business plans to start and grow their butcher shops. On this page, we will first give you some background information with regards to the importance of business planning. We will then go through a butcher shop business plan template step-by-step so you can create your plan today.

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What is a Butcher Shop Business Plan?

A business plan provides a snapshot of your butcher shop as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategy for reaching them. It also includes market research to support your plans.

Why You Need a Business Plan for a Butcher Shop

If you’re looking to start a butcher shop, or grow your existing butcher business, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your butcher shop in order to improve your chances of success. Your business plan is a living document that should be updated annually as your company grows and changes.

Sources of Funding for Butcher shops

With regards to funding, the main sources of funding for a butcher shop are personal savings, credit cards, bank loans and angel investors. With regards to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, you will not only want to confirm that your financials are reasonable, but they will also want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business. Personal savings and bank loans are the most common funding paths for social media marketing businesses.

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How to write a business plan for a butcher shop.

Below we detail what should be included with each section of your business plan for a butcher shop.

Executive Summary

Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.

The goal of your Executive Summary is to quickly engage the reader. Explain to them the type of meat shop you are operating and the status. For example, are you a startup, do you have a butcher shop that you would like to grow, or are you operating a chain of independent butcher shops?

Next, provide an overview of each of the subsequent sections of your plan. For example, give a brief overview of the meat industry. Discuss the type of butcher shop you are operating. Detail your direct competitors. Give an overview of your target market. Provide a snapshot of your marketing plan. Identify the key members of your team. And offer an overview of your financial plan.  

Company Analysis

In your company analysis, you will detail the type of butcher shop you are operating.

For example, you might operate one of the following types of butcher businesses:

• Deli Butcher Shop : this type of meat shop specializes in cutting deli meats in small quantities for single or family size servings.
• Specialty Butcher Shop: this type of meat shop focuses on cutting specific meats such as wild game animals; their clients are usually hunters or fishermen.
• Abattoir Butcher: this type of meat shop specializes in cutting meats in wholesale sizes at abattoir/slaughterhouse.

In addition to explaining the type of butcher business you will operate, the Company Analysis section of your business plan needs to provide background on the business.

Include answers to question such as:

• When and why did you start the business?
• What milestones have you achieved to date? Milestones could include the number of customers served, number of positive reviews, total weight of fresh meat cuts, etc.
• Your legal structure. Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

Industry Analysis

In your industry analysis, you need to provide an overview of the meat industry.

While this may seem unnecessary, it serves multiple purposes.

First, researching the meat industry educates you. It helps you understand the market in which you are operating.

Secondly, market research can improve your strategy, particularly if your research identifies market trends.

The third reason for market research is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.

The following questions should be answered in the industry analysis section of your meat shop business plan:

• How big is the meat and poultry industry (in dollars)?
• Is the market declining or increasing?
• Who are the key competitors in the market?
• Who are the key suppliers in the market?
• What trends are affecting the industry?
• What is the industry’s growth forecast over the next 5 – 10 years?
• What is the relevant market size? That is, how big is the potential market for your butcher shop? You can extrapolate such a figure by assessing the size of the market in the entire country and then applying that figure to your local population.

Customer Analysis

The customer analysis section must detail the customers you serve and/or expect to serve.

The following are examples of customer segments: individuals, families, deli shops, grocery stores, restaurants and fast food suppliers.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of business you operate. Clearly, a family would respond to different marketing promotions than fast food supplier, for example.

Try to break out your target market in terms of their demographic and psychographic profiles. With regards to demographics, include a discussion of the ages, genders, locations and income levels of the customers you seek to serve. Because most butcher shops primarily serve customers living in their same city or town, such demographic information is easy to find on government websites.

Psychographic profiles explain the wants and needs of your target customers. The more you can understand and define these needs, the better you will do in attracting and retaining your customers.

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Competitive Analysis

Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.

Direct competitors are other butcher shops.

Indirect competitors are other options that customers have to purchase from that aren’t direct competitors. This includes delis, supermarkets and grocery stores.

With regards to direct competition, you want to describe the other butcher shops with which you compete. Most likely, your direct competitors will be house flippers located very close to your location.

For each such competitor, provide an overview of their businesses and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as:

• What types of customers do they serve?
• What types of meats do they specialize in?
• What is their pricing (premium, low, etc.)?
• What are they good at?
• What are their weaknesses?

With regards to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to ask your competitors’ customers what they like most and least about them.

The final part of your competitive analysis section is to document your areas of competitive advantage. For example:

• Will you provide a wider variety of meat options?
• Will you provide special discounts or perks for new or returning customers?
• Will you provide the highest quality meat?
• Will you offer better pricing?

Think about ways you will outperform your competition and document them in this section of your plan.  

Marketing Plan

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. Your marketing plan should include the following:

Product : In the product section, you should reiterate the type of meat shop that you documented in your Company Analysis. Then, detail the specific meat products you will be offering. For example, will other food options such as side dishes?

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your marketing plan, you are presenting the services you offer and their prices.

Place : Place refers to the location of your business. Document your location and mention how the location will impact your success. For example, is your business located in a busy retail district, or a highly trafficked area? Discuss how your location might be the ideal location for your customers.

Promotions: The final part of your marketing plan is the promotions section. Here you will document how you will drive customers to your location(s). The following are some promotional methods you might consider:

• Advertising in local papers and magazines
• Reaching out to local websites
• Social media marketing
• Local radio advertising

Operations Plan

While the earlier sections of your meat shop business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.

Everyday short-term processes include all of the tasks involved in running your butcher shop, including cutting meats, tracking inventory, and completing orders and sales for customers.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to have X number of customers, or when you hope to reach $X in revenue. It could also be when you expect to expand your business to a new city.  

Management Team

To demonstrate your butcher shop’s ability to succeed, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company.

Ideally you and/or your team members have direct experience in food service management. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.

If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act like mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in overseeing supermarkets or grocery stores or successfully running their own business.  

Financial Plan

Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet and cash flow statements.

Income Statement : an income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenues and then subtracts your costs to show whether you turned a profit or not.

In developing your income statement, you need to devise assumptions. For example, will you only cut meats in small portions or in large quantities for other businesses such as a supermarket? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.

Balance Sheets : Balance sheets show your assets and liabilities. While balance sheets can include much information, try to simplify them to the key items you need to know about. For instance, if you spend $50,000 on building out your meat shop, this will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a bank writes you a check for $50,000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.

Cash Flow Statement : Your cash flow statement will help determine how much money you need to start or grow your business, and make sure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit but run out of money and go bankrupt.

In developing your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a meat shop:

• Location build-out including design fees, construction, etc.
• Cost of equipment and supplies
• Payroll or salaries paid to staff
• Business insurance
• Taxes and permits
• Legal expenses

Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include your office location lease or blueprints for your shop.  

Putting together your own business plan for your butcher shop is a worthwhile endeavor. If you follow the template above, by the time you are done, you will have an expert business plan (download it to PDF to show banks and investors). You will really understand the meat and poultry industry, your competition, and your customers. You will have developed a marketing plan and will really understand what it takes to launch and grow a successful butcher shop.  

Butcher Shop Business Plan FAQs

What is the easiest way to complete my butcher shop business plan.

Growthink's Ultimate Business Plan Template allows you to quickly and easily complete your Butcher Shop Business Plan.

What is the Goal of a Business Plan's Executive Summary?

The goal of your Executive Summary is to quickly engage the reader. Explain to them the type of butcher shop you are operating and the status; for example, are you a startup, do you have a butcher shop that you would like to grow, or are you operating a chain of butcher shops?

Don’t you wish there was a faster, easier way to finish your Butcher Shop business plan?

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