10 Best Business Plan Software: Maximizing Your Business Potential
Last Updated on February 21, 2023
Without a good business plan, it would not be possible to be a successful businessman. And some software will make your business plan much easier. Today we will discuss some of the Best Business Plan Software.
There are many useful, effective, and real-time business plan software available in the market; and the best one for you will depend on your specific needs and budget. Here I have described some of the top business plan software:
LivePlan is a popular business plan software that is designed to help entrepreneurs as well as small business owners to make detailed business plans. This is one of the Best Business Plan Software that is giving you many features like financial forecasting, budgeting, and industry benchmarks to help you create a solid business plan.
Features of LivePlan software
LivePlan is a business planning and financial management software designed for helping business owners create broad business plans and track their progress. Here are some of its features:
- Business Plan Templates: LivePlan offers over 500 professionally-designed business plan templates to help you make a customized business plan that is applicable for your specific industry and business needs.
- Financial Projections: With LivePlan, you can easily create financial projections, including income statements, balance sheets, and cash flow statements, using the built-in financial forecasting tool. You can also perform “what-if” scenarios to see how changes in your business plan would affect your financial conditions.
- Pitch Builder: The Pitch Builder tool helps you construct a visually compelling pitch deck that can be used to communicate your business plan to investors, stakeholders, and other key players.
- Teamwork: LivePlan allows you to cooperate with team members and advisors in real-time, making it easy to share ideas, make changes, and identify progress.
- Dashboard: The LivePlan dashboard gives you a snapshot of your business’s financial health and progress. It will also provide key performance indicators, charts, and graphs.
- One-Page Plan: The One-Page Plan feature permits you to make a concise, summary version of your business plan that highlights your key goals, strategies, and financial projections.
- Customer Survey: LivePlan offers a customer survey tool that helps you gather feedback from your customers to inform your business strategy and improve customer satisfaction.
- Automated Financial Statements: LivePlan can automatically generate financial statements based on your business data, saving you time and effort in doing financial reports. Resource Library: The Resource Library provides access to a variety of educational resources, including articles, videos, and guides, to build and grow your business.
Bizplan is another popular business plan software that offers various tools and templates to design a widespread business plan. The software gives features like financial forecasting, market analysis, and team cooperation tools to make it simple to create a high-quality plan.
Features of Bizplan
Some of the features of Bizplan are:
- Business Plan Builder: A drag-and-drop tool that makes specialized business plans fast and easily.
- Financial Modeling: Built-in financial modeling tools that automatically generate financial projections, including cash flow, balance sheets, and profit and loss statements.
- Work Together: Users can invite team members and advisors to work together on their business plan in real-time, enabling effective teamwork.
- Investor Reporting: Bizplan has the feature to track and report their progress to investors, including financial metrics and other important information.
- Funding Tools: Users can access a database of investors and funding opportunities, to find potential investors and funding sources for their business.
- Learning Resources: Bizplan gives a library of educational resources and templates to develop their business plan and refine their field.
- Incorporations: Users can use their Bizplan account with other tools and platforms, such as Stripe and QuickBooks, to streamline their financial management and reporting.
Enloop is a simple business plan software that is ideal for small businesses and startups. The software features a step-by-step wizard that guides you through the process of making a business plan and also provides financial forecasting tools to help you create a solid financial plan.
Features of Enloop business plan software
- Financial Forecasting: Enloop presents financial forecasting tools to create financial projections and estimates for up to 36 months.
- Team Work Tools: The platform gives an opportunity for teamwork, enabling teams to work together on business plans and financial projections.
- Automated Writing Assistance: Enloop provides automated writing assistance and creates custom business plans based on the data inputted by the user.
- Dashboard: The platform features a dashboard that presents an overview of a business’s financials, key metrics, and progress toward goals.
- Industry Analysis: Enloop gives industry analysis and benchmarking tools to compare performance to its competitors and identify areas for improvement.
- Funding Assistance: Enloop presents funding assistance, including recommendations for lenders, investors, and crowdfunding platforms.
- Data Import: Users can import financial data from other platforms such as Quickbooks, Xero, and Freshbooks, making the financial forecasting process more timely. Privacy and Security: Enloop features a secure and private platform that protects user data and ensures that business plans remain confidential.
Business plan software StratPad is designed for startups and small businesses. The software includes a variety of tools to create a wide range of business plans, including financial forecasting, market analysis, and teamwork features.
Features of StratPad software
- Business Planning: StratPad comes up with a complete and customizable business planning tool that creates and develops a practical business plan that contains all the necessary components.
- Financial Projections: StratPad presents powerful financial projection tools that allow entrepreneurs to make detailed financial projections, including income statements, cash flow statements, balance sheets, and more.
- Team Work: With StratPad, businessmen can work collaboratively on their business plans with their team or advisors, sharing data and insights to help improve decision-making and outcomes.
- Goal Setting: StratPad lets entrepreneurs set and achieve business goals, helping them stay focused on their vision and objectives.
- Performance Analysis: It provides performance analysis tools that enable entrepreneurs to monitor their business’s performance against set goals, giving insights into areas that require improvement or adjustment.
- Strategic Planning: One of the best business plan software StartPad allows entrepreneurs to develop and implement strategic plans, supporting resources and activities with long-term objectives.
- Marketing Planning: One of the best business plan software comprises marketing planning tools to develop goal-oriented marketing strategies that line up with their business goals.
- Scenario Planning: One of the best business plan software allows to build multiple scenarios based on different assumptions, helping them evaluate the potential impact of various decisions and strategies.
- Automated Reports: StratPad generates automated reports, including financial statements and other critical information, that can be shared with stakeholders, such as investors or lenders.
- Mobile Access: StratPad is available on both desktop and mobile platforms, allowing entrepreneurs to access their business plans and data from anywhere, at any time.
PlanGuru is a wide-range business planning and financial analysis software that is ideal for startups and small businesses. The software includes a variety of tools to construct a detailed business plan, with financial forecasting, budgeting, and industry analysis tools.
Features of PlanGuru
- Budgeting: PlanGuru provides a wide budgeting tool that gives users to create and manage budgets for various departments, projects, and periods.
- Financial forecasting: It allows users to create financial forecasts based on historical data, industry trends, and assumptions.
- Cash flow analysis: One of the best business plan software PlanGuru presents cash flow analysis tools that manage cash flows, plan for upcoming expenses, and identify potential cash shortages.
- Scenario planning: PlanGuru allows users to create multiple scenarios and compare them side-by-side to understand the impact of different variables on their financials.
- Reporting: The best business plan software offers a range of customizable reports, including balance sheets, income statements, and cash flow statements, to gain insights into their financial performance.
- Dashboards: PlanGuru provides interactive dashboards that give users an overview of their financial performance, including revenue, expenses, and profitability.
- Team Work: The best business plan software allows users to work with team members, accountants, and financial advisors by sharing reports and data securely.
- Integration: PlanGuru integrates with popular accounting software, such as QuickBooks, Xero, and MYOB, to streamline financial data management.
- Training and support: It provides online training and support resources, including webinars, videos, and articles, to help users get started and improve their financial skills.
Wrike is a project management software It offers features such as task management, team collaboration, time tracking, reporting, and integrations with other tools. Wrike allows teams to organize their work into projects and tasks, assign tasks to team members, set due dates and priorities, and track progress toward completion.
Wrike also includes features such as Gantt charts, calendars, and workload views to help teams visualize their work and plan their schedules effectively.
Wrike is available in both web and mobile versions, making it accessible to teams on the go. It offers different pricing plans based on the size of the team and the features required and provides a free trial period for users to test the platform before committing to a subscription.
Features of Wrike
- Fantasize tasks, processes, analytics, and more.
- Define and spark automated workflows to exclude homemade sweats.
- Work from anywhere with its robust app experience.
- Streamlined proofing and collaboration in one place.
- Unequaled visibility across multiple work aqueducts.
- Incontinently view design progress and produce customized workflows.
- Plan and allocate coffers for timely delivery.
- Interactive design scheduling across brigades.
- Keep approvers in the circle from launch to finish.
- Knitters work particulars to fit a specific plant.
- Custom forms powered by tentative sense.
- Over 400 popular apps plus custom integrations.
7. Palo Alto Software
Palo Alto Software is a software company that specializes in creating business planning and management tools for entrepreneurs and small businesses. The company was founded in 1988 by Tim Berry and is based in Eugene, Oregon, USA.
The software is best known for its flagship product, Business Plan Pro, which is a software application that helps entrepreneurs and small business owners make professional business plans. In addition to Business Plan Pro, Palo Alto Software also offers other products and services such as LivePlan, which is a cloud-based business planning and management tool, and Outpost, which is a customer service platform.
Palo Alto Software has been recognized for its:
- Innovative products and services, and has won numerous awards
- Software & Information Industry Association’s CODiE Award for Best Business Productivity Software.
- The company has also been featured in publications such as Forbes, The New York Times, and Entrepreneur.
8. Tarkenton GoSmallBiz
Tarkenton GoSmallBiz is a cloud-based business management and consulting platform that offers various tools and services for business owners, including business plan software.
- The business plan software offered by Tarkenton GoSmallBiz is designed to help entrepreneurs and small business owners create professional business plans quickly and easily.
- The software includes step-by-step guidance and templates to develop their business plans, as well as tools to create financial projections and analyze market trends.
- In addition to the business plan software, Tarkenton GoSmallBiz also offers a variety of other tools and services, including a website builder, marketing tools, and access to business experts for consulting and coaching.
- The platform is designed to be an all-in-one solution for small business management and growth.
- Overall, Tarkenton GoSmallBiz aims to provide both big and small business owners with the resources and support they need to start and grow successful businesses.
iPlanner is a business plan software that helps entrepreneurs and small business owners create professional business plans. The software is designed to be easy to use, and it provides a step-by-step process to guide users through the business planning process.
- iPlanner offers a variety of features to help users create comprehensive business plans, including templates for different types of businesses, financial forecasting tools, and market research resources. The software also includes a drag-and-drop interface, making it easy to add charts, graphs, and other visuals to the business plan.
- In addition to its business plan software, iPlanner also offers a range of other tools and resources for entrepreneurs and small business owners, including marketing resources, financial calculators, and a library of articles and guides on various aspects of starting and running a business.
- Overall, iPlanner is a comprehensive business planning solution that provides entrepreneurs and small business owners with the resources they need to create professional business plans and make informed decisions about their businesses.
10. Business Sorter
Business Sorter is a cloud-based business planning software that uses a card-sorting process for both big and small businesses to create customized business plans. The software is designed to simplify the business planning process by breaking it down into manageable steps.
- The card-sorting process used by Business Sorter involves a series of prompts that guide users through the process of identifying their business goals and developing strategies to achieve them.
- Users can then prioritize their goals and strategies and create an action plan to put them into practice.
- Business Sorter also offers a range of other features to help users create comprehensive business plans, including templates, financial forecasting tools, and market analysis resources.
- The software also includes teamwork features, making it easy for multiple users to work on the same plan.
- In addition to its business planning software, Business Sorter also offers a range of resources and tools to manage businesses, including a business health check, financial analysis tools, and access to expert advice. Overall, Business Sorter is a user-friendly business planning solution that simplifies the process of creating customized business plans.
Related FAQs Regarding Best Business Plan Software
What is a business plan?
A business plan is a written document that describes in detail the goals and objectives of a company. A business plan outlines a strategy for the company’s operations, finances, and marketing. Business plans are used by both new and established businesses.
How can I write a business plan?
A business plan generally uses some combination of these eight sections.
Executive summary, Company description, Market analysis, Organization and management, Service or product line, Marketing and sales, Funding request, and Financial projections.
Is a business plan necessary to run my company successfully?
A solid business plan helps you at every step of starting and running your company. Your business plan will serve as a guide for how to set up, manage, and expand your new company. It helps you consider your company’s essential components.
Your business plan may be able to attract new investors or business partners. Investors want to have faith that their money will be well spent. You’ll use your business plan as a tool to persuade people that working with you or investing in your business is a wise move.
Why best business plan software is important?
You will get many benefits from appropriate business plan software. It will give you guidelines for making a business plan without a big hassle. Here I have described several reasons, why the best business plan software is too important for a successful businessman:
- Structure and organization: Best Business Plan Software will give you a structured framework and outline when you’re creating a business map. This ensures that all the necessary components are included and that the project is organized in the right way.
- Time-saving: Best business plan software can save you time by giving you pre-made templates, financial models, and other tools to make a professional business plan more easily.
- Collaboration: Many business plan software options offer teamwork features that enable multiple people to work on the plan at a time, which can be very useful, especially for startups and small businesses that have multiple stakeholders and team members.
- Financial planning: Best business plan software often includes financial forecasting and analysis tools, which can make a more precise financial plan for your business organization.
- Presentation: Best business plan software will provide you with features that make it easy to present your plan in a professional manner, such as customizable templates, charts, and graphs that will be very helpful for you.
So, we can say that the best business plan software can help you build a more organized, wide-ranging, and professional business plan saving you time and providing tools for financial planning and teamwork. You can choose the best business plan software from the above list, by analyzing the features and the facilities. And after reading the full article I hope you will find a business plan software, which would be suitable for your business. If you find the above article useful, please share it with others.