BEST BUSINESS PLAN WRITING SOFTWARE ONLINE FOR ENTREPRENEURS: REVIEWS
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 you are starting a new business or trying to secure funding to expand an existing one, business plans layout each step to take to ensure the greatest return of your time and monetary investments.
Some individuals and firms offer services to write your business plan for you. Yet, there is good business plan writing software that 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 looking to purchase 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 either download it from the company website, or access it online through a cloud-based solution.
Nevertheless, you should know that each of them has its own advantages, including security measures and quick access.
Types of Plans
The type 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.
There is some business plan writing software that includes specific templates, software, or guidance in creating business plans for market strategies, feasibility determination plans, and growth plans.
You see, writing 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 basic word-processing tools such as spellcheck, image importing and document preview, business plan software programs should also include tools to help you with the financial and budget aspects of your plan.
Look for financial calculators, chart generators, and organizational chart builders.
Step-by-step guidance includes examples of the information investors are looking for 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 from both DOCX and PDF formats, though printing your final plan into a PDF is the more secure and the preferred format.
Guidance & Research Resources
Gathering accurate information is important 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 are talking about here is different from research help, which is part of a company’s guidance and research resources for the plan itself.
There are different support options. You know, telephone support, email assistance, and limited live-chat options.
In fact, several programs have social media support and user guides available, either online or embedded within the program itself.
Writing a business plan requires a lot of time and dedication to ensure all of the necessary information is included and formatted in the best way possible.
Business plan writing software makes creating this important document easy with resources to make the final product just as good as a professionally written plan, but for a lot less money.
There is 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 a variety of industries, so it’s simple to fill in the blanks with your own company information.
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 actual successful businesses rather than a mere generic template.
QuickPlan is a business plan software program with a very basic interface; however, each program is industry-specific with the guidance and sections needed for that particular business type.
It has dozens of programs to choose from ranging 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 that are 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 the creation of 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 there are lots of free business plan-making software available on the internet.
Recommended Business Plan Writing Software
Are you thinking of writing a business plan for your business and you don’t know how to go about it and are looking for software that can help?
The strenuous process of creating a business plan can be made easier by any software that professional business plan writers use.
This post will provide you with brief details on various software used by professional business plan writers, their major functions, and the cost of operation.
Palo Alto LivePlan is popular software that professional business plan writers use as it has an awning range of flexible features. This business plan software assists its users with a professional walkthrough on how to produce a proper plan you can work with.
The process of setting up a business plan with the LivePlan software is not a difficult task, the start-up process requires a monthly subscription fee of $19.95 after which you would respond to the software’s incite to impute financial data and other business information.
GoSmallBiz by Tarkenton Companies, Inc. is a reliable software that professional business plan writers use as 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 per month.
The initial service of the Tarkenton GoSmallBiz was to provide consultants who would respond to small business operators and was later developed into this business plan software.
The special function of the EquityNet business plan software is to serve as an investor-finder for small businesses as well as compact business plan tools.
EquityNet is more like crowdfunding as 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 however 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 to be 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 emphasizes mainly finance and cash flow than writing a straightforward business plan.
Yes, the 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, $799.
The StratPad software is most suitable for business operators with a clear vision of what they wish to achieve but 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 main 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; $99.00 annual fee for single users, $149.00 for dual users, and $549.00 for ten users. ABS Ultimate Business Planner 5.0 necessitates that you do your business spreadsheet out of the software and provide a lot of 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.
The process of creating a business plan with Enloop is simple, it provides a form in which you paste business data on business descriptions, goals, and history.
To start up Enloop business planning software, a fee of $9.94 is required per month for a basic fully functioning plan.
The Business Plan Shop
This software that professional business plan writers use is befitting for business operators who already know what to say to pass your message as the software 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 projection and expenses.
When we lack adroitness, 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 one of the major things that determine how a business will successfully turn out is a business plan.
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, a lot of business owners do not have a business plan. While some business owners do not see the need for it, others who are aware of the importance of a business plan don’t know how to create a standard one.
If you are finding it challenging to create a standard business plan, you can use business plan creator software and app to guide you through.
There are many business plan creator software and apps online, and it can be very tricky to identify the best ones you can make use of.
This is why I have compiled the list of the best business plan writing software and apps online.
All you just have to do is to choose the one that suits you.
BEST BUSINESS PLAN MAKER SOFTWARE [SUMMARY]
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 when it was created 15 years ago.
Live Plan walks you through the step-by-step process of creating the entire business plan and also helps you make financial projections for your business.
Life Plan offers a wide range of resources which include legal forms, educational eBooks, and other amazing 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 in a clear, simple, and easy way.
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.” It has been used by over 100,000 startups and business owners.
StratPad offers step by step guide 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 that are tailored to their unique needs.
You can download a free version of the StratPad business plan creator app and use that to get started. However, if want to access all the additional beneficial features, you will have to 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 of over 261100 users which range from business owners, entrepreneurs, accountants, and even students.
Enloop has customized business plan texts that can be edited to suit the need of the users. It can also help you to automatically generate financial projections.
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 web-based software and it is not yet available for mobile devices.
GoSmallBiz is a business plan creator app that helps business owners to create detailed business plans in a very easy and simple way.
It also enables the business owner to generate cash income statements and financial projections without going through the hurdles of having to use an excel spreadsheet.
It has around 100 templates with pre-written texts that can be filled outs but it has just two business plan samples- a restaurant business and an insurance business.
The payment plan starts with $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 to 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 cost $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 in creating a business plan with a focus on six major areas which are; sales, finance, good and services, brand and marketing, and operations.
It also provides financial projections, financial management, pitch presentations, investor management, and the likes.
Business Sorter is an excellent business planning tool that gives an in-depth result in a short time.
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.