BEST BUSINESS PLAN WRITING SOFTWARE ONLINE FOR ENTREPRENEURS: REVIEWS
Before one embark 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 lay out each step to take to ensure the greatest return of your time and monetary investments.
There are individuals and firms that offers services to write your business plan for you for over #50,000. Yet, there are 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 in order to be considered by serious investors. The software are designed to help you create a startup business plan, and most also have options for funding and investment plans. There are some business plan writing software that include 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 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 softwares are 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 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 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.