How much does a business advisor or advisory firm charge?
What's their normal price range for advisory services such as business growth, financial planning and management?
Expect to pay $1500 to $4000 per month. The value of what they provide is more important than the price. $1500 is expensive if revenue increases a small amount but Net Profit doesn't. The ROI will be small.
$4,000 per month is a great investment if the Net Profit increases by $100,000 to $500,000+ in the year.
The track record of results and speed of them is more important than the price.
Is the business advisor skilled and able to demonstrate results in a short period of time for your business growth challenges? Are they focused on increasing leads, conversion rates and/or Net Profit Margins?
Increasing revenue, which increases net profit is not the same as increasing net profit margins, without increasing sales. When a business advisor uses methods to increase net profit margins the ROI is very high for what you pay them to what you receive in return - i.e. a net profit increase.
Consider all these when interviewing a business advisor/mentor. Also, ask about their agreement/contract. Choosing one where you aren't 'locked-in' for 6 to 12 months is recommended. Paying monthly at a time without a lock-in contract is the ideal relationship.