If you want to turn your business idea into reality and successful business, then you should create a business plan. Not only will you use it to look for investors, but the business plan will also serve you as a guide on your entrepreneurial journey.
The business plan can help you craft your idea, plan business goals and resources, your service, and the pricing model. But to create your business plan, you will also need an understanding of finances and the economy.
And that is where tools for writing a business plan jump in. With the help of these tools, you can easily create your business plans and make them appealing. Follow some basic steps – answer some questions and enter data, and that is it. Your business plan should be ready.
Five Most Useful Tools For Writing a Business Plan
LivePlan has many features that make it the best tool available. You can create your business plan from anywhere globally, and you have 500+ various templates at your disposal. LivePlan is also easy to use, and if you are a beginner, you have step-by-step instructions.
You can also use their online courses section and learn more about business plans. But this software is also one of the cheapest options on the market.
If you decide to quit your plan, LivePlan’s Palo Alto Software will save your data for a least a year so you can return to it at any moment. Except for business plans, you can also create charts, graphs, figures, profit and loss balance, and cash flow documents for your business.
If you are looking to acquire new investors, Bizplan should be a good option. The software is easy to use and comes with instructions and pre-built templates. You create your templates and business plans using a drag and drop editor that may remind you of the website builder.
You also get access to their Startup.com tools. Some of them are self-guided courses, masterclass videos, and how-to guides. On Bizplan, you also have a lifetime plan option and access to their business plan builder.
They also come with affordable year and plan-as-you-go plans. Moreover, the software’s option to publish your business plan online is handy if you look for new investors.
Another platform suitable for startups and small businesses is GoSmallBiz. GoSmallBiz is not just a business plan writing tool. The platform comes with many other features like business continuity planning software, website builder, and various design tools.
If you choose GoSmallBiz, you will also access their online courses, website analysis, business assessment tools, financial statements and projections tools, etc. You can also integrate your Google Analytics or MailChimp profile, create HR documents or write corporate minutes.
If you are looking for a tool focused solely on business plan writing, you should choose Enloop. With Enloop, you can automatically generate financial statements or perform financial comparison analyses. This platform comes with more than 100 formats and symbols, and various text images, tables, and charts options.
If you want your team members to edit your business plan, you can easily invite them to collaborate and edit it with you. One of the best things about Enloop is that it offers a free trial for new users. In fact, Enloop is one of the rare platforms which offer that option. You can use their free trial period for seven days.
This platform is the best one if you want to focus on the financial aspects of your business. With PlanGuru, you can perform many financial data projections like revenues, expenses, balance sheets, etc. You get many other tools to create your financial statements, compare your financial result to the industry average, etc.
You can choose to install the desktop version of the software (this one has more features) or a cloud-based version. Also, you get a huge library of various resources and charts, bars, and tables. However, this platform is hard to use if you aren’t a financial expert and expensive if you want to add more users to your profile.
To Sum Up
Writing a business plan is a crucial step you should take if you want to create the business of your dreams. And these five useful tools for writing a business plan can help you in that.
No matter which one you choose, these tools will make your job of writing a business plan easier. You would probably want to compare the service, pricing, and overall user experience on every platform before choosing the tool that fits your needs.
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