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Business plan image via Shutterstock Is a business plan really necessary?
If you want your business to have the best shot at succeeding, a well-crafted business plan is the way to go. Having the right business-plan software can help you get there. Business-plan software takes the legwork out of writing a business plan by simplifying the process and eliminating the need to start from scratch.
Business plans serve many purposes. Before starting a business, a simple business plan enables would-be entrepreneurs to flesh out their ideas and lay out their vision. When it comes to seeking funding or planning for expansion, a comprehensive business plan is almost always a must.
And when it comes to problems down the road, business plans help business owners foresee issues, make adjustments and plan their attack. Yearly business plans with cash-flow forecasts enable businesses to discover their impending cash shortages months, if not years, before they run short of money, Geiger said.
To create a well-crafted business planyour chosen business-plan software should cover the two critical parts of a business plan.
What are the milestones on the path to accomplishing the goals? And what people, tools and funds will be needed? The second part is a cash-flow forecast, which typically covers a three-year span — the first year includes monthly forecasts, and the second and third years have quarterly forecasts, Geiger explained.
Business planning tools should fill that gap. Similarly, the business-plan software you choose should delve deep into financial details, he said.
For instance, "listing a general overhead expense item is meaningless, while using rent, electric, etc. To help you choose the best solution for your business, our sister site Top Ten Reviews does extensive in-depth reviews of business-plan software.
Here are the top three recommendations: The Standard Edition of the software has many features, including more than sample business plans, industry profiles and planning e-books. The Premier Edition adds the ability to import data from QuickBooks or Excel, visual cash-planning capability, valuation-analysis tools and additional financial tools.
Research and Forecasting Tools: Business Plan Pro provides more than sample business plans covering several diverse business concepts. Additional resources are available to determine the best way to forecast numbers for marketing, cost per unit and other industry expenses.
The "drag and drop" graphic forecaster lets users quickly and easily create graphs and charts. Business Plan Pro provides beginners and professionals with a business-plan wizard, step-by-step guidance and informational videos.
The software includes everything needed for a customizable, professional business plan. It also helps users create an understanding of their business to help sell themselves to investors and bankers.This article is a comprehensive list of over free sample business plan templates that give an easy start to aspiring African entrepreneurs and small businesses.
Whether you're a weekend GoPro shooter or a full-time video professional, you need editing software that's powerful but easy to use. Here's how the best video editing software stacks up. Use and Reprint Rights for Your FAST Business Plan Template This template has been written to include instructions for creating your final business plan.
You are free to edit and use the material within your organization. Powerful lead generation software that converts abandoning visitors into subscribers with our dynamic marketing tools and Exit Intent® technology.
Best Small Business Accounting Software Best Free Small Business Accounting Software: Wave Financial With three small business plans, plus a self-employed plan for freelancers and. "A New and Improved Create A Plan Coming in December " Real Estate Business Planning For Real Estate Professionals.
Create A Plan is the leading real estate business planning system for owners, brokers, managers and agents.