Establishing and growing their ventures is crucial for entrepreneurs and business owners, and creating a business plan is an essential step towards achieving this goal. Creating a well-structured and comprehensive business plan can be a challenging task, but with the help of technology, it can become more accessible and efficient. Today, numerous business plan software and apps are available in the market, offering different features and functionalities to help individuals and organizations develop their plans.
The focus of this article is to highlight the most effective software and apps for crafting a successful business plan in 2023, featuring the top 5 options available. These tools can help users organize their ideas, identify potential risks, and create financial projections, among other critical aspects of a business plan.
1. Enloop
Enloop is a cloud-based software designed to create business plans efficiently. Boasting nearly 300,000 users, it is an ideal choice for those seeking to develop a plan tailored to impress a bank or investor quickly. Offering a wide array of valuable features, Enloop streamlines the process of crafting a convincing business plan, making it easier and faster for users.
Features:
- AutoWrite and TextSync feature: Generates basic customized text for your business plan, including 10 main sections for an impressive plan.
- Forecast Modules: Offers two options, annual or 36-month, to create a business plan with profit and loss forecast, balance sheet forecast, and cash flow forecast.
- Financial Projections: Enables you to include the financial performance of your business in your plan.
Pricing:
- 7-day – free
- Detailed – $11.00 per month
- Performance – $24.00 per month
2. Proofhub
ProofHub is an award-winning business planning software that offers robust project management and collaboration features. Trusted by over 85,000 teams and businesses worldwide, ProofHub streamlines project planning and empowers users to monitor all aspects of their projects with ease. In addition to project planning, ProofHub provides a suite of powerful team collaboration tools, bringing teams, projects, and communication together in a centralized, secure platform.
Features:
- Existing project templates or custom templates: Choose from pre-existing templates or create new ones for your projects.
- Gantt charts: Utilize Gantt charts to enhance project planning with features such as project timelines, task dependencies, and more.
- Task management: Manage teams effectively using customizable workflows, such as kanban boards or task lists, to handle simple or complex tasks.
- In-built chat tool: Communicate with team members using the in-built chat tool and conduct real-time discussions.
- Reporting tool: Utilize the reporting tool to generate project and resource reports for effective resource management and project planning.
- Third-party app integration: Integrate with third-party apps like Google Drive, Dropbox, Box, Freshbooks, and more, to provide a central location for accessing all of your favorite tools.
Pricing:
- Essential – $45.00 per month
- Ultimate – $89.00 per month
3. Bizplan
Bizplan enhances your business plan presentation by incorporating advanced features and polished visuals that make it more memorable. With a focus on catering to investors, the software enables you to create business plans that effectively attract financing for your business.
Features:
- Financial projections: Enable you to present a compelling financial case for your business idea.
- Customizable reports: Utilize your financial data to generate reports that can be analyzed by month, quarter, or year, and downloaded for use in your presentation.
- Step-by-step builder: Bizplan's user-friendly feature guides you through the process of creating a business plan.
- Progress tracker: Keep track of your progress and ensure that you don't overlook any crucial elements.
- Templates: Add various elements, including market size and charts, content, advantages, team, reports, and problems, to your plan using pre-designed templates.
Pricing:
- Annual – $20.75 per month
- Monthly- $29.00 per month
- Lifetime Access – $349.00 per month
4. LivePlan
LivePlan by Palo Alto Software has been a long-standing player in the market, and for good reason: it remains a top choice for many. This comprehensive business planning tool is equipped with a plethora of customizable features, along with extensive learning resources and online support to help you succeed.
Features:
- LivePlan provides financial forecasting features that guide you through each essential piece of financial data for creating an accurate projection. You can create monthly or annual budgets using this feature.
- With the Charts and Graphs tool, LivePlan can convert your financial data into visually appealing aids.
- LivePlan's library of over 500 templates positions it as one of the leading software solutions in this category. You can use these templates as a guide for your own content or use them as is, with pre-written language.
- LivePlan enables you to compare your financial projections with industry benchmarks, which can be incorporated into your business plan.
Pricing:
- Standard – $15.00 per month
- Premium – $30.00 per month
5. GoSmallBiz
GoSmallBiz, created by Fran Tarkenton, is a user-friendly business planning application that comes equipped with step-by-step templates and built-in advice modules. It enables business owners to create tailored documents as per their specific requirements.
Features:
- GoSmallBiz provides a step-by-step wizard that guides you through the entire process of creating a business plan.
- With GoSmallBiz, you can create financial statements through the financial projection feature.
- The software allows you to generate a wide range of reports based on your financial data, which can be used as a visual aid to enhance your business plan.
- GoSmallBiz offers templates that serve as a starting point to help you with the process of creating a business plan.
Pricing:
- Grow – $39.00 per month
- Guide – $49.00 per month
- Go – $199.00 per year
Bottom-line
In conclusion, we have covered all the essential information about the best business plan software currently available. If you found this post helpful, don't forget to bookmark it for future reference. We will continue to update this post with new and valuable content that will assist you in creating a solid business plan for any project. So be sure to check back often and stay informed!
Readers Disclosure: Our content is supported by our reader, that means some of the link from this article and within this website are affiliate links. If you click any of these links, then we may earn a commission with no extra cost to you.
