Creating a comprehensive business plan is essential for the success of any entrepreneurial venture. While traditional methods involve using word processors or spreadsheets, there are now numerous tools and apps available that can simplify the process and enhance collaboration. In this article, we will explore some of the best tools and apps for building a business plan in the United States.
LivePlan
LivePlan is a popular cloud-based business planning software that offers an intuitive interface and comprehensive features. It guides users through each section of the business plan, providing step-by-step instructions and examples. LivePlan allows you to create financial forecasts, track progress against goals, and collaborate with team members. It also provides access to a library of sample business plans and industry benchmarks for reference.
Bizplan
Bizplan is another user-friendly business planning tool designed to streamline the process. It offers a drag-and-drop interface, pre-built templates, and automated financial projections. Bizplan allows you to create visually appealing charts and graphs, import data from other sources, and collaborate with team members in real time. It also provides access to investor-ready pitch deck templates and resources for fundraising.
Enloop
Enloop is a web-based business planning software that focuses on generating accurate financial projections. It uses machine learning algorithms to analyze your inputs and provide instant feedback on the feasibility and profitability of your business plan. Enloop also offers automated financial ratio analysis, scenario planning, and PDF report generation. It is suitable for both startups and established businesses.
StratPad
StratPad is a cloud-based business planning app that caters to both novice and experienced entrepreneurs. It offers a step-by-step approach to building a business plan, starting with a strategic vision and moving into financial projections. StratPad provides interactive charts, graphs, and dashboards for tracking performance. The app also includes educational resources and video tutorials to help users understand key business concepts.
Tarkenton GoSmallBiz
Tarkenton GoSmallBiz is an all-in-one business planning and management platform. It offers a range of tools, including business plan templates, financial calculators, document storage, and legal forms. Tarkenton GoSmallBiz also provides resources for marketing, sales, HR, and customer relationship management. The platform offers personalized coaching and access to a network of experts for additional support.
Google Docs/Sheets
For those who prefer a more flexible and customizable approach, Google Docs and Google Sheets can be powerful tools for building a business plan. These free cloud-based applications allow for collaboration, version control, and easy sharing with team members or advisors. With the ability to create templates, embed charts, and link data between documents, Google Docs and Sheets provide a versatile solution for creating and managing your business plan.
Microsoft Office Suite
Microsoft Office Suite, including Word, Excel, and PowerPoint, remains a popular choice for building business plans. With its wide range of features and templates, you can create a professional-looking plan that covers all essential sections. Excel enables you to create financial projections and perform calculations, while PowerPoint can be used to create an investor-ready pitch deck.
When selecting a tool or app for building a business plan, consider factors such as ease of use, collaboration capabilities, financial forecasting features, and industry-specific templates. Choose a tool that aligns with your preferences and requirements. Remember, building a business plan is an iterative process, so it’s important to regularly review and update your plan as your business evolves.