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Software with "follow the bouncing ball" instructions for business plans can serve the same role as online accounting services because, in each case, you rely on specialists to walk you through the process. Even better, many of the products we review in this business plan creation tool roundup back up their software offerings with in-person coaching and mentoring as well as loads of online learning resources, like videos and how-to articles.
The 10 online business plan software solutions examined in this roundup —Atlas Business Solutions Ultimate Business Planner 5. So, whether you want to start your own accounting firm, real estate operation, or e-commerce business, you'll be all ready to go.
Best Business Plan Software for PC & Mac
All of these online business plan software solutions certainly do deliver on their promise to help you, and none of them are bad choices. However, a few of them provide additional services such as connecting you to funding sources EquityNet gets a nod here or comparing your plan to others' plans in your industry such as what Enloop's performance score does. Ultimately, though, the two Editors' Choice winners were clear: These Software-as-a-Service SaaS applications can't give you the irresistible prose to convince an investor you will make your projections come true, but they do guide you in answering all of the questions that investor is likely to have.
Here are eight key factors to look for when choosing a business plan software solution for your business:. Business Plan Structure Business plans have a lot of elements, some of which won't occur to someone who hasn't written one before. Ideally, the business planning software solution will walk you through each section that is appropriate for your class of business, ensuring you answer all of the relevant questions.
These solutions may prompt you to respond to issues that you might not have thought to address. Do the Numbers Ultimately, a business plan shows how your company will make money. Even the simplest plan needs to include financial reports such as charts for profit-and-loss, balance sheets, and month-by-month and yearly projections. Context and Analysis Some business plan software solutions such as EquityNet and Editors' Choice Palo Alto Software LivePlan help you compare your numbers to others in your industry, including regions and company size.
You might claim that the Jewish deli you propose to open in Asheville, North Carolina will turn a profit in three years, but the market data suggests five years is typical. This data helps you back up your assertions before a banker can raise an eyebrow.
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This is a "nice-to-have" feature for some businesses but an irrelevant one for others. Helpful Advice Even if the business plan software solution gives you places to plug in data think "Mad Libs" for businesses , ultimately you need a good idea you're on your own, there and to understand the information investors want to see. As with tax preparation software, it's reassuring when the business planning software solution defines terms, provides sample data, and explains the sort of information expected in each field.
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StratPad's educational videos are a model for how this sort of thing should work. Report Depth and Presentation The result of all of this work is a business plan, a document for others to read. These don't always need to be works of art but it helps if the business plan software solution packages your business plan attractively and permits customization. Don't treat these tools as all-in-one solutions to your problems. Set your expectations correctly and you'll find these business plan software solutions to be far more helpful.
But I promise you that, at least once while you use these business plan software solutions, you will say, "Gee, I don't know; I have to look it up. For any but the simplest of proposals, it's an iterative process. So, you need to highlight the parts to come back to after your accountant responds, for example. Or, the software should at least save data in some kind of draft status. However, across all of these apps, some forms insist you must enter something in a field before it will save everything on the page, which is irksome.
Worse, it could lead to errors because you might not remember to go back and fix the temporary guess.
Best Business Plan Software for PC & Mac | agfox.com
I kept wishing for a way to bookmark "temporary" data that needs to be double-checked "I'll write in for now…" ; the best answer to this was Palo Alto Software LivePlan's comment field but it would be nice to see a business planning software solution that let me mark a field as "Don't forget.
You Still Need a Spreadsheet In general, these business plan software solutions will act as though you are reasonably organized before you log into their websites wherein you will paste summary information. However, based on my hands-on experience, I advise you to still expect to do background math yourself. For instance, if you need to fill in the projected head count for marketing for the next five years and you keep adjusting the number of people to hire based on your spreadsheet guesswork , expect to keep manually updating the total in the software rather than having the data automatically sync.
In other words, these business plan software solutions are helpers, not "I will do the thinking for you" kind of apps. And this is okay, as long as you don't expect them to be something they're not. These are all SaaS apps, some of which have a free version with the basics as well as a paid version with more feature depth. If your needs are incredibly simple and you just need "fill-in-the-blanks" forms to give to a banker, then you may find several completely free options that do the trick. A Plan for All Businesses These business plan software solutions must be relevant for everyone, from a solo entrepreneur trying to open a small to midsize accounting firm to an established manufacturing company aiming to fund a new factory.
To judge suitability to task, I used data from two real business plans: I also measured the software against the business plan I once wrote with the help of professional advisors back when I sought significant VC. All of these business plan software solutions are good apps; none of them gravely disappoint. It won PCMag's admiration based on the clarity and understandability of their documentation and the impressive depth of their features and options.
However, each of the 10 business plan software solutions reviewed has strengths that may make one a better choice over another for your business. So, look at all of the options to see which one is the best fit for you. Featured Business Plan Software Reviews: An impressive range of customizable features. Lots of online learning help. Loads of customizable features necessitates a learning curve. Limited third-party integrations. Delivered in slick, cloud service packaging, Palo Alto Software's LivePlan is a very nice business planning tool that comes complete with loads of customizable features and solid online help and learning resources.
Even so, the products sheer depth means you're still facing a bit of a learning curve. Highly configurable and detailed business plan. Advice from business experts.
Able to generate financial statements and projections without outside spreadsheet software. Links to third-party services. Few sample business plans. Offers unique services that match entrepreneurs with investors, with business plan features to enable that process. Its design is in the framework of crowdfunding investments from people you don't know. If you simply need a plan to sell your local Angel investor on your process, EquityNet probably is overkill.
Still, its bundled business planning tool is solid and can help speed startups toward getting funded. Strong budgeting and forecasting features. Links to analytics add-on. Breakeven analysis. QuickBooks support available. Requires some financial sophistication to use. Lacks sample business plan templates.
Looking for Business Plan Pro for Mac? LivePlan has you covered.
Still, rank beginners or those less focused on financial calculations might need to look elsewhere. Adds project management tools to business planning. The price is unbeatable. It's a starting point rather than an entire toolkit. Expect to do more work on your own.
LivePlan by Bplans.com asks you questions, you fill in the answers. It's really that simple.
If you've got a clear idea of what you want your burgeoning organization to accomplish, but you just need some help with organizing and project management, then StratPad may be your ideal solution. Interview-based format. Useful graphics. Sample business plans. QuickBooks import. High degree of manual input and spreadsheet work needed. Unfortunately, that process is marred by the need for extensive manual data entry and spreadsheet work.
Plenty of customization options. Excellent automation of variable data. Doesn't provide much guidance for some important elements including how to enter some required fields. Not much help text provided for how to create missions and operations statements. Every chart, graph, and table that you'd expect to find in a business plan are included. You even get detailed industry research, tons of business resources, and more. Looking for money from investors? Business Plan Pro Premier includes everything the complete version has, plus all the additional data investors will want to see.
Smart planning leads to better business decisions. Track your cash flow, compare plan versus actual results, and more.
- Business Plan Pro — Business Plan Software to Write Effective Business Plans - Palo Alto Software.
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When it's time to present your plan, do it with confidence. You'll be able to wow any audience with a great looking, professional, complete business plan. Start your plan now No, thanks. All the features of Business Plan Pro, in an easy to use online app! Take your business planning on the go — with LivePlan. Sign Up No, thanks. Let's Do This No, thanks. Add to Cart. Used by over 1,, businesses since Help at every step Our business planning expert, Tim Berry, provides advice and guidance at every stage of your plan.
Financials made easy Finish your business plan without having to do any math! Everything you need Every chart, graph, and table that you'd expect to find in a business plan are included.