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In all of these cases, the business owner has to do something that can be scary: become a business document management expert by creating a structured document (that is, a business plan) with lots of numbers and compelling prose, with the awareness that this pitch is make-or-break for the company's vision. It's hard to express your product's unique selling points, analyze competitors' strengths and weaknesses, and back up your assertions about why you need this much money. In my pre-journalistic life, I wrote two in-depth business plans.
So, people write business plans in order to acquire funding or to document the company's intended direction.
That is, you want a bank loan, VC funding, or other help to get your startup off the ground.
Business plans are more than just the paperwork you need to fill out for funding.
A good business plan helps you identify your mission and your value proposition.
However, a few of them provide additional services such as connecting you to funding sources (Equity Net gets a nod here) or comparing your plan to others' plans in your industry (such as what Enloop's performance score does).
Ultimately, though, the two Editors' Choice winners were clear: Palo Alto Software Live Plan and Tarkenton Go Small Biz, both of which checked off most boxes on a typical entrepreneur's wish list.So, whether you want to start your own accounting firm, real estate operation, or e-commerce business, you'll be all ready to go.All of these online business plan software solutions certainly do deliver on their promise to help you, and none of them are bad choices.Fortunately, there's plenty of help if you know where to look, especially if what you really need is a written business plan that simply communicates a clear vision.This will help you attract the right people and resources to implement your idea.These Software-as-a-Service (Saa S) applications can't give you the irresistible prose to convince an investor you will make your projections come true, but they do guide you in answering all of the questions that investor is likely to have.Here are eight key factors to look for when choosing a business plan software solution for your business: 1.A business plan can also be the most concrete way to get everyone's agreement on "This is what we're doing, ?!" Keeping the plan updated as the business matures is an easy way of measuring success.Business Plan Structure Business plans have a lot of elements, some of which won't occur to someone who hasn't written one before.Ideally, the business planning software solution will walk you through each section that is appropriate for your class of business, ensuring you answer all of the relevant questions.