11 Best Business Plan Software and Tools Of 2023 (Reviewed)

Creating a business plan can be daunting, especially with little experience. Having the right business planning tools, software, and resources to develop your program not only makes it more accessible but also increases your chances of success. This blog post will review 11 powerful yet easy-to-use business plan software and tools designed for entrepreneurs. So in this article, you’ll know which product best suits your needs so that you can confidently move forward with strategic planning toward achieving your goals.

What is business plan software?

Business plan software is a computer program that helps entrepreneurs create and maintain their business plans. The software can capture ideas, research competitors, develop business models, and create a business plan for potential investors or partners. Additionally, business plan software often includes business analysis tools that help business owners accurately assess the financial health of their business, analyze potential threats and opportunities, and track progress against goals. Additionally, business plan software can provide business owners with helpful tips and advice to help them create a successful business plan.

How do business plan software and tools work?

Business plan software and tools are designed to help business owners create a business plan that outlines their business objectives and strategies. These tools can range from business planning templates to business plan writing software. Many business planning software programs provide step-by-step instructions and prompt to guide business owners through the business planning process. Business plan software and tools can also help business owners identify their objectives, develop strategies for achieving them, and create financial projections.

11 Best Business Plan Software and Tools Of 2023:

These are the business plan software and tools you should consider in 2021:

1. LivePlan

LivePlan business planning software that helps business owners create business plans quickly and easily. It offers business owners a step-by-step guide to constructing business plans, business planning templates, financial projections, and access to financial advice.

Key Features of LivePlan:

• Step-by-step business planning guide
• Financial forecasting tools
• Business plan templates
• Access to business advisors and mentors
• Market research tools
• Financial planning calculators
• Interactive business plan viewer
• Exportable business plans
• Team sharing and collaboration

Pricing and plans:

• LivePlan offers a variety of business plan software plans, with pricing ranging from $11.66/per month to $29.95/per month.

2. Bizplan

Bizplan is a comprehensive software that helps business owners create plans and presentations. It provides a step-by-step business planning guide, a template library with business plan examples, and financial forecasting.

Key Features of Bizplan:

• Step-by-step business planning guide
• Template library with business plan examples
• Financial forecasting tools
• Pitch deck builder
• SWOT analysis
• Collaboration tools for teams
• Export business plan to Word, PDF, or PowerPoint
• Team dashboard for business progress
• Strategy and goal setting

Pricing and plans:

• Bizplan offers business planning software plans, with pricing ranging from $19/month to $99/month.

3. PlanGuru

PlanGuru business planning software with financial forecasting, budgeting, and business analysis tools. It helps business owners create plans, analyze performance, and create budgets.

Key features of PlanGuru:

• Financial forecasting software
• Business budgeting tools
• Business planning templates
• Dashboards for business performance analysis
• Balance sheet and income statement analysis tools
• Multi-entity business analysis capabilities
• Industry-specific business planning solutions
• What-if business analysis scenarios
• Financial projections and cash flow projections

Pricing and Plans:

• PlanGuru business plan software plans are available, with pricing ranging from $39/per month to $149/per month.

4. Wrike

Wrike is a project management and collaboration software designed to help business owners keep track of their projects, goals, and team members. It provides tools for task tracking and communication, real-time reporting, file sharing, scheduling, and other project management features.

Key Features of Wrike:

• Real-time task tracking
• Gantt Charts
• File sharing and collaboration
• Real-time reporting
• Project management tools
• Team scheduling and resource allocation
• Data visualization tools
• Integrations with popular business software

Pricing and plans:

• Wrike offers a free plan with basic project management features and four additional plans starting at $49.80/month.

5. MasterPlan Lean

MasterPlan Lean business planning software with business plan templates, business benchmarking tools, and collaboration capabilities. It helps business owners create business plans quickly and easily.

Key features of MasterPlan Lean:

• Step-by-step business planning guide
• Business benchmarking tools
• Financial forecasting and business modeling
• Collaboration capabilities
• Share business plans with others
• Automatically generate business plan reports
• Printable business plan templates
• Financial calculators
• Automated business plan reminders
• Cloud-based business planning software

Pricing and Plans:

• MasterPlan Lean business plan software plans are available, with pricing ranging from $17/month to $99/month.

6. Go small biz

GoSmallBiz business planning software with business plan templates and financial forecasting tools. It helps business owners create business plans quickly and easily.

Key features of GoSmallBiz:

• Step-by-step business planning guide
• Business plan templates
• Financial forecasting tools
• Access to business experts
• A comprehensive library of business resources
• Online collaboration tools
• Export business plans to Word, PDF, and PowerPoint
• Integrations with business tools and software

Pricing and Plans:

• GoSmallBiz business plan software plans are available, with pricing ranging from $14.95/per month to $49.95/per month.

7. Enloop

Enloop business planning software with business plan templates, business analysis tools, and automated business scorecards help make business planning easier. It provides the tools and resources to create a customized business plan for your business needs.

Key features of Enloop:

• Step-by-step business planning guide
• Business plan templates
• Financial forecasting tools
• Automated business scorecards
• Ability to collaborate with business partners
• Access to business resources and advice
• Analysis of business performance
• Business funding support
• Integrations with business software

Pricing and Plans:

• Enloop business plan software plans are available, with pricing ranging from $19/month to $99/month.

8. IdeaBuddy:

IdeaBuddy business planning software with business plan templates and interactive business tracking tools. It helps business owners create business plans quickly and efficiently.

Key features of IdeaBuddy:

• Step-by-step business planning guide
• Business plan templates
• Financial forecasting tools
• Interactive business tracking tools
• Dashboard reporting
• Interactive business map
• Business goal setting and action plans
• Collaborative business planning
• Real-time business analytics
• Integrated business marketing tools
• Industry benchmarking
• Business performance metrics tracking
• Business intelligence insights.

Pricing and Plans:

• IdeaBuddy business plan software plans are available, with pricing ranging from $29/month to $99/month.

9. iplanner:

iPlanner business planning software with business plan templates and financial forecasting tools. It helps business owners create business plans quickly and easily. The software offers Business advice and support to help owners make successful business plans.

Key features of iPlanner:

• Step-by-step business planning guide
• Business plan templates
• Financial forecasting tools
• Cloud business management platform
• Integration with popular business apps
• Business advise and support
• Ability to collaborate with business partners
• Detailed financial reports
• Business plan reviews by business experts
• Live business coaching and advisory services

Pricing and Plans:

• iPlanner business plan software plans are available, with pricing ranging from $19/month to $99/month.

10. Business Sorter

Business Sorter business planning software with business plan templates, business analysis tools, and financial forecasting capabilities. It helps business owners create customized business plans quickly and easily. This business plan software also includes business analysis tools such as competitor analysis and SWOT, business valuation, and business dashboards.

Key features of Business Sorter:

• Step-by-step business planning guide
• Business plan templates
• Financial forecasting tools
• Cash flow analysis
• Break-even analysis
• Business model canvas and business risk assessment
• Business analysis tools
• Business dashboard.

Pricing and Plans:

Business Sorter software plans are available, with pricing ranging from $19/per month to $99/.

11. Venngage

Venngage business planning software with business plan templates and drag-and-drop graphics tools. It helps business owners create unique and eye-catching business plans quickly and easily.

Critical features of Venngage:

• Business plan templates
• Drag-and-drop graphics tool
• Design library with over 650,000 photos, illustrations, icons, and shapes
• Integrated data visualization tools
• Professional templates for infographics, presentations, and other documents
• Real-time collaboration with business partners

Pricing and Plans:

• Venngage business plan software plans are available, with pricing ranging from $19.00/month to $99.00/month.

What is an effective business planning software used to succeed in the business?

The most effective business planning software for business success depends on individual business needs. Business plan software may offer different business analysis tools, financial forecasting capabilities, business plan templates, and business advice. Finding the business planning software that best fits your business needs is essential. Some popular and innovative business planning software includes StratPad, Enloop, IdeaBuddy, iPlanner, Business Sorter, and more. Each business planning software may offer different business analysis tools and financial data.

Factors to consider while choosing the best business plan software:

These are some of the factors that business owners should consider before selecting a business plan software:

1. Cost: Business owners should always compare the cost of different business plan software to ensure they get the best value for money.

2. Features: Business owners should also compare the features of different business plan software to find the most suitable for their business needs.

3. Ease of use: Business owners should consider how easy it is to use the business plan software before purchasing.

4. Support: Business owners should also consider the customer support offered by business plan software vendors to ensure they get the help they need when needed.

5. Customization options: Business owners should also look for business plan software that offers customization options to tailor their business plans to their needs.

6. Security: Business owners should also look for business plan software that offers secure data storage and encryption to protect their business plans.

7. Updates: Business owners should regularly update their business plan software with the latest features and bug fixes.

8. Integrations: Business owners should consider whether their business plan software can integrate with other business systems and apps.

9. Mobile access: Business owners should also consider if the business plan software they choose is accessible on different mobile devices to access their business plans anytime, anywhere.

10. Reviews: Business owners should review business plan software to ensure they choose the best software for their business needs.

What are the benefits of using business plan software and Tools:

Business plan software and tools offer business owners multiple benefits, including:

1. Time-saving: By streamlining the business planning process, business plan software and tools can save business owners time and effort.

2. Cost-effective: Business plan software and tools can help business owners save money as they do not require business owners to hire professionals to create business plans.

3. Flexibility: Business plan software and tools can be customized according to business needs, making business plans more accurate and effective.

4. Visualization: Business plan software and tools can help business owners visualize complex business plans, making them easier to understand.

5. Collaboration: Business plan software and tools make it easier for business owners to collaborate with team members from different locations.

6. Analytics: Business plan software and tools provide business owners with insights and analytics to help them make informed business decisions.

Conclusion:

Business plan software and tools can be powerful tools for business owners to create business plans and manage their business operations. Business owners should take their time to compare different business plan software and tools before purchasing. They should also consider the cost, features, ease of use, support, customization options, security, updates, integrations, and mobile access offered by business plan software vendors. By doing so, business owners can ensure they are getting the best business plan software and tools for their business needs.

FAQs:

Q: what is business continuity planning software?

A: Business continuity planning software is a business plan software that helps business owners prepare for and manage business disruptions. It typically includes business plan tools for business impact assessment, business continuity plan creation, and business recovery planning.

Q: What is some free business plan software?

A: Some free business plan software includes Enloop, Business Plan Pro, Tarkenton GoSmallBiz, and LivePlan. Each offers different features, so business owners should compare them to find the best one for their business needs.

Q: What is the best business plan app?

A: The best business plan app for business owners depends on their needs. The most popular business plan apps include PlanGuru, StratPad, and BizPlanBuilder. The business owner should compare these business plan creation apps to see the needed features.

Q: Are business plan software tools customizable?

A: Business plan software tools are customizable to make business plans more accurate and effective. Small Business owners should look for business plan software to customize business plans according to their needs.