A good business owner knows the value of a good business plan. It is just as important as the funding for your business. Often when I ask business owners about their business plan they cannot give me an exact answer. Their answer would be something like “Yeah, we are just trying to reach our sales target or we are just trying to raise funding, etc.” The answer to this question should be “We are looking to sell around 500 units by the first month, which will bring us X amount of revenue. We will invest that revenue into growing our business.”
This would be a more appropriate answer. We do not know what the future holds for us but what we can do is work on our plans. To work on a plan we need to have a plan. To help you plan better we have come up with the 10 Useful Tools for Writing a Business Plan.
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10 Useful Tools for Writing a Business Plan
10. SBA’s Business Plan Tool
This is a business tool from SBA. This guide helps business owners go through all the important steps that are required in a business plan. They have business templates available and the information is updated constantly. So, you will never lose track of what’s the current state of the business market. This tool even offers you to save up your progress and will keep your progress stored up to six months.
- Easy To Use.
- Great for small businesses.
- Only stores the progress for six months.
LivePlan is one of the best business planning tools available today. There are a lot of business tools out there but among them, LivePlan stands out for some reason. First of all, they offer a step by step guide to help create the perfect business plan. They have a very smooth service along with a vast combination of features.
There are tools for learning that are available online. These tools help the user make better business plans. There are templates available for certain businesses that speed up the process of creating a business plan.
LivePlan’s subscription costs around 140 dollars per year. There is a monthly subscription plan also available which will cost you around $20. Another added benefit is it will cost you only $10 when you sign up for the first time.
- Offers several features.
Features available which help you customize accordingly.
Can import data from QuickBook and Xero easily.
Offers financial forecast.
- Does not show how much you have learned.
You cannot integrate LivePlan with third-party software.
If you are looking for a tool that will do most of your business planning for you than Enloop is the one. All you need to do is input your business details and see Enloop create the business plan for you.
- Generate automatic financial reports.
Has over 100+ currencies.
- Does not offer much customization.
7. Rocket Lawyer
One of the most user-friendly business planning tool available right now. All the business owner needs to do is go through an interview process online. Rocket Lawyer will then come up with a business plan based on your interview.
- Can have a business plan in minutes.
- It is free to use.
- Does not have many features as other business planning tools.
6. Biz Plan Builder
Biz Plan Builder is your perfect business planning tool. It is great for creating business plans for small businesses. There are various templates available in Biz Plan Builder which is going to help you create the perfect business plan for you. This tool will create a business plan which will help you reach all your business goals.
Biz Plan Builder offers all types of great business planning services. But its best features are about the financials in your business. BizPlanBuilder has a feature that lets you share your business financials with investors. This is great when you need to show your investors how your business stacks up financially. Instead of sending several attachments which will slow down the process, you can just share this link as an alternative.
- Offers access to team members to view and edit your business plan.
- Offers templates.
- Not mobile-friendly.
- There is no free trial option.
5. Strat Pad
Strat Pad is a great business planning software that lets you plan your business step by step. This tool is a cloud-based software that will help you create your business within a day.
- Lets you create a business plan instantly.
- Cloud-based so can access from anywhere.
- Does not take create an in-depth business plan like other tools.
The best business planning tool for non-profit businesses. It has been founded by NFL Hall of Famer Fran Tarkenton. They have a huge collection of template which helps you create a business plan with ease.
- 60-day free trial.
- Offers free business consultations.
- You cannot export information from other software.
3. Business Plan Pro
If you are looking for a business planning tool with the best customer support than Business Plan Pro is the one. They have the best technicians available to help put small business owners in a situation where they can succeed.
- Top-notch customer service.
- Has a huge number of business plan templates.
- The software lacks accessibility.
BizPlan is great at helping users create a business plan that will be great for presentation. They let users use visuals which make the business plan great for presentations.
- Lets you raise capital online.
- Has expert help.
- No free trial.
If you are looking for business plan software that is great at budgeting than PlanGuru should be your go-to option. It offers statements for your income, has balance sheets and other financial services.
- Good at forecasting your finances.
- Great tool for creating a budget for your business.
- It is very expensive.
There is a quote “Failure to plan is a plan to fail”. For your business to be successful you must have a business plan. To help you create your perfect business plan we have come up with the 10 Useful Tools for Writing a Business Plan.