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Business plan software takes the legwork out of writing a business plan by simplifying the process and eliminating the need to start from scratch.Using software from our best business plan software picks can help you build the right plan for your business. Before starting a business, a simple business plan enables would-be entrepreneurs to flesh out their ideas and lay out their vision.Research and Forecasting Tools: Business Plan Pro provides more than 500 sample business plans covering several diverse business concepts.
Similarly, the business plan software you choose should delve deep into financial details, he said.
"The more specific a cash-flow forecast is, the better it is," Geiger said.
The drag-and-drop graphic forecaster lets users quickly and easily create graphs and charts.
Help and Support: Business Plan Pro provides beginners and professionals with a business-plan wizard, step-by-step guidance and informational videos.
"A business that operates without a business plan is a business that is on the road to financial failure," said Joe Geiger, president and CEO of First Nonprofit Foundation and an adjunct professor at Duquesne University's Graduate Program for Leadership and Ethics.
[Free Business Plan Templates for Startups] Of the several million startups that launch each year, the vast majority fail within the first few years, he said."The primary reason for all of these failures is that they run out of money," Geiger said."The fundamental reason for their financial problems is lack of planning." Some of these failures could have been prevented by having a business plan.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.The standard edition of the software has many features, including more than 500 sample business plans, industry profiles and planning e-books.The premier edition adds the ability to import data from Quick Books or Excel, visual cash-planning capability, valuation-analysis tools and additional financial tools.Help and Support: Supporting documents include business forms such as articles of incorporation, resume templates, team responsibilities and general partnership agreements, as well as personal financial statements, press releases, private offering disclaimers and stock-option tracking worksheets.Business-plan updates, business-plan FAQs, an online business-plan workshop and an expert referral network are also part of the program.Built-in advice and support include interactive guides, built-in sample plans and expert explanations.Biz offers a contemporary online interface that is simple to use, while also providing enough flexibility for the advanced user.