Before one embarks on any new business venture, it is always advisable to have a well-written business plan.
Truthfully, a well-written business plan is invaluable. Whether starting a new business or trying to secure funding to expand an existing one, business plans lay out each step to ensure the greatest return on your time and monetary investments.
Some individuals and firms offer services to write your business plan for you. Yet, good business plan writing software will give you the same research access and tools at a fraction of the cost. You can also work on your plan at your own pace rather than relying on someone else and their timetables.
What To Look Out For In Business Plan Software
When purchasing business plan maker software, it is necessary to check to see if the product supports specific industries rather than offering a one-size-fits-all solution.
This support can be either through software specifically designed for that industry or through industry-specific templates and sample plans so one can see the direction of the software and make sure it’s the best for the business one is establishing.
Also, while you can purchase some software in CD-ROM form, many will allow you to download it from the company website or access it online through a cloud-based solution.
Nevertheless, you should know each has advantages, including security measures and quick access.
Types of Plans
The kind of business plan you need depends on your goals.
If one is seeking funding, each plan has specific information and sections that one should include to be considered by serious investors.
The software is designed to help you create a startup business plan, and most also have options for funding and investment plans.
Some business plan writing software includes specific templates, software, or guidance in creating business plans for market strategies, feasibility determination, and growth plans.
A business plan entails more than just writing down your company name and a few goals. Effective plans include financial projections, advertising strategies, market analysis, and competitor profiles.
Apart from essential word-processing tools such as spellcheck, image importing, and document preview, business plan software programs should also include tools to help you with your plan’s financial and budget aspects.
Look for financial calculators, chart generators, and organizational chart builders.
Step-by-step guidance includes examples of the information investors seek in each section. The ability to import financial information from another program, such as QuickBooks or Excel, is also a valuable tool to have.
Many business plan software is intuitive to use (though some are laid out better and include tutorials and help tabs that make it easier to use). Usually, you can save and print your finished business plan in DOCX and PDF formats, though printing your final plan into a PDF is more secure and preferred.
Guidance & Research Resources
Gathering accurate information is essential when writing a small business plan. Many business planning programs give one access to business statistics and market analysis publications and databases.
Some programs include training for presenting your pitch and a way to track your business progress after the plan is complete and in the implementation stages.
Technical support is there to help you with the program itself.
This support we discuss here differs from research help, which is part of a company’s guidance and research resources for the plan.
There are different support options. You know, telephone support, email assistance, and limited live chat options.
Several programs have social media support and user guides, either online or embedded within the program.
Writing a business plan requires a lot of time and dedication to ensure all necessary information is included and formatted in the best way possible.
Business plan writing software makes creating this critical document easy, with resources to make the final product as good as a professionally written plan but for much less money.
There are various business plan software; let us see some of them:
LivePlan is intuitive, with support tools to help you through each part of the business plan writing process. LivePlan is an exceptional business plan software that includes templates for various industries, so filling in the blanks with your company information is simple.
If you need something more original, LivePlan has guides to ensure the information you supply is complete and in the correct format. It can help with determining feasibility, projecting success, and securing funding.
One ‘other’ side of LivePlan is that It doesn’t have tools to create organizational charts.
QuickPlan has sample plans from successful businesses rather than a generic template.
QuickPlan is a business plan software program with a fundamental interface; however, each program is industry-specific, with the guidance and sections needed for that particular business type.
It has dozens of programs, from construction to food services and consignment shops, each with sample plans and business plan templates to help you get started.
These samples are even based on actual businesses rather than on generic information. The only industries not listed were nonprofit and technology businesses.
QuickPlan specializes in helping you create business plans specific to your particular business and industry; however, there isn’t a lot of help or support beyond writing the plan.
Nevertheless, this program lacks extra resources and guidance tools, such as information on funding or small business tips, to help you beyond creating your business plan.
Other business plan development software free includes:
- Business Plan Pro
Now, you don’t have any excuse for not writing a business plan as lots of accessible business plan-making software is available on the internet.
Recommended Business Plan Writing Software
A business plan is a crucial factor when starting up a business.
Are you thinking of writing a business plan for your business that you don’t know how to go about and are looking for software that can help?
Creating a business plan can be made more accessible by any software that professional business plan writers use.
This post will provide brief details on various software used by professional business plan writers, their primary functions, and the cost of operation.
Live Plan Software
Palo Alto LivePlan is a popular software that professional business plan writers use as it has a wide range of flexible features. This business plan software assists its users with a professional walkthrough on producing a proper plan you can work with.
Setting up a business plan with the LivePlan software is not difficult; the startup process requires a monthly subscription fee of $19.95, after which you would respond to the software’s invitation to impute financial data and other business information.
GoSmallBiz by Tarkenton Companies, Inc. is a reliable software for professional business plan writers. It offers a detailed business plan, advice from other business experts, and links to other services.
The web-based system provides business planning tools and other supplies for small businesses. You can decide on a $99 yearly fee or $14.95 monthly.
The initial service of the Tarkenton GoSmallBiz was to provide consultants who would respond to small business operators, and it was later developed into this business plan software.
The unique function of the EquityNet business plan software is to serve as an investor-finder for small businesses and a compact business plan tool.
EquityNet is more like crowdfunding; its main focus is helping you get financial funds and not just writing a business plan.
The section of the software that professional business plan writers use to draft business plans is the main focus of this article; the startup fee for the business plan tools and crowdfunding features is $199 a month, which would be peanuts if the software can get you a suitable investor.
If you consider the cost quite expensive for a small business setup, the free version may also provide a sufficient business plan for your business.
4. The PlanGuru
The PlanGuru software mainly emphasizes finance and cash flow rather than writing a straightforward business plan.
Yes, PlanGuru is a planning software that professional business plan writers use to create a business plan; a single-user version would cost $99 per year, while a basic version costs $399, and an enhanced version costs $799.
The StratPad software is most suitable for business operators with a clear goal vision, but it needs coordination and project guidance.
The StratPad monthly subscription of $12.94 assists you in creating a project plan for your business, or you can decide to work with the online free version, which would also lead you through the process of expressing the strategic objective of your business and ways to get there.
The StratPad software allows answers to investors’ questions without forming a single document.
StratPad is a typical software that professional business plan writers use, which will allow you to plan out ways to achieve your plan, as its primary purpose is strategy.
Atlas Business Solutions Ultimate Business Planner 5.0.
The Atlas Business Solutions (ABS) Ultimate Business Planner 5.0 is software that professional business planners use for business planning and financial projection.
The software uses a wizard to guide you through the process of business planning and is also capable of helping small businesses create their business plan.
The subscriptions include a $99.00 annual fee for single users, $149.00 for dual users, and $549.00 for ten users. ABS Ultimate Business Planner 5.0 requires you to do your business spreadsheet outside the software and provides much manual data.
Another business planning software that professional business plan writers use is the Enloop. Coupled with a very affordable price, the software also has noteworthy data syncing proficiency.
Enloop software allows companies to create their business plan without difficulty and uses what is described as akin to a FICO store to report data.
Creating a business plan with Enloop is simple; it provides a form to paste business data on business descriptions, goals, and history.
To start up Enloop business planning software, a monthly fee of $9.94 is required for a basic, fully functioning plan.
The Business Plan Shop
This software that professional business plan writers use is suitable for business operators who know what to say to pass on their message, as it does not offer inspiration.
With $53.73 per month, the business plan shop would be made fully accessible for you to build business plans and forecasts for a few years.
Firstly, to create a business plan using The Business Plan Shop, you will write about the business, its goals, market, and finance. Then, you will write about your products and services, sales projections, and expenses.
When we lack ability, we should seek help. This software (above) that professional business plan writers use would provide help on every step and occasionally advice from other experts.
Professional Online Business Plan Software and Apps For Small Business
Research has shown that a business plan is one of the significant things determining how a business will turn out.
Creating a business plan helps you to clearly outline the goals you have for your business and the ways you want to achieve them.
This gives you clarity on what to do and helps you to focus on the right priorities.
However, despite the great importance of a business plan, many business owners do not have one. While some business owners do not see the need for it, others who know the importance of a business plan don’t know how to create a standard one.
If you find creating a standard business plan challenging, use business plan creator software and apps to guide you.
There are many business plan creator software and apps online, and it can be very tricky to identify the best ones you can use.
I have compiled a list of the best business plan writing software and apps online.
All you have to do is to choose the one that suits you.
BEST BUSINESS PLAN MAKER SOFTWARE [SUMMARY]
Live-Plan Business Plan
One of the best business plan creators is Live Plan. It is a cloud-based business plan software that served over 400,000 businesses since it was created 15 years ago.
Live Plan walks you through the step-by-step process of creating the entire business plan and helps you make financial projections for your business.
Life Plan offers many resources, including legal forms, educational eBooks, and other unique features. It has over 500 sample plans that cover different types of businesses you can think of.
There are videos, tutorials, and examples in each stage of writing the business planning. This helps you create your business plan clearly and quickly.
When you subscribe to Live Plan software, you pay $9.95 for the first month. Subsequently, you either pay $19.95/month or a one-year payment of $139
StratPad is described by Forbes as one of the “Top 10 business apps.” Over 100,000 startups and business owners have used it.
StratPad offers step-by-step guides with easy-to-read tutorials for writing a business plan. It also helps with financial projections.
It was created by Alex Glassey, who wanted business owners to have easy access to world-class business tools tailored to their unique needs.
To get started, you can download a free version of the StratPad business plan creator app. However, if you want to access all the additional beneficial features, you must pay for them.
It offers one-time payment plans, which range from $9.99 to 54.99. It should be noted that StartPad is only available for iOS devices.
Enloop is one of the best business plan creator software that is affordable. It boasts over 261100 users, who range from business owners, entrepreneurs, accountants, and even students.
Enloop has customized business plan texts that can be edited to suit the users’ needs. It can also help you generate financial projections automatically.
There are both free and paid versions of Enloop business plan creator software. The paid versions range from $9.95/month to $39.5/month.
Enloop is a web-based software that is not yet available for mobile devices.
GoSmallBiz is a business plan creator app that helps business owners create detailed business plans quickly.
It also enables the business owner to generate cash income statements and financial projections without going through the hurdles of using an Excel spreadsheet.
It has around 100 templates with pre-written texts that can be filled out, but it has just two business plan samples- a restaurant business and an insurance business.
The payment plan starts at $14.95/month and $99/year.
Business Plan Premiers
Business Plan Premier is a top-rated cloud-based business plan creator app. It guides you through the step-by-step process of writing your business plan. It provides samples of business plans in almost every field.
When you are through with creating your business plan, you present and pitch it to more than 3,000 high-net-worth potential investors through a platform provided by Business Plan Premiers.
The app is only available for iPads, and it costs $7.99.
Business Sorter is also one of the best business plan creator apps.
It is a simple and easy-to-use app that provides a detailed step-by-step guide to creating a business plan focusing on six primary areas: sales, finance, goods and services, brand and marketing, and operations.
It also provides financial projections, financial management, pitch presentations, investor management, etc.
Business Sorter is an excellent business planning tool that gives an in-depth result quickly.
The monthly payment plans range from $10/month to $300/month, while the yearly payment plan is between $80/year to $2400. However, you can try out their free trial for a start.