Best Business Plan Software: Ranked and Reviewed (2024)

Welcome to my comprehensive ranking and review of the best business plan software available in 2024. If you’re an entrepreneur or a small business owner looking for the perfect business planning tool, you’ve come to the right place! In this article, I will walk you through the top software options, highlighting their key features, usability, pricing, and customer reviews. Whether you’re just starting out or looking to expand your business, finding the right software can make all the difference in creating a solid business plan.

Key Takeaways:

  • Discover the best business plan software options available in 2024.
  • Compare features, usability, and pricing to find the perfect fit for your business.
  • Benefit from guided planning, automated calculations, and enhanced organization.
  • Learn how to choose the right software for your specific needs.
  • Make an informed decision and create a professional business plan with ease.

Palo Alto Software LivePlan

Palo Alto Software’s LivePlan is a highly rated business planning tool. It offers an impressive range of customizable features and provides lots of online learning help. However, it may require a learning curve due to the depth of its features.

LivePlan is an ideal solution for entrepreneurs who are looking for a comprehensive business planning tool that can be tailored to their specific needs. With its customizable features, users can easily create a business plan that accurately reflects their vision and goals.

One of LivePlan’s standout features is its online learning help. Whether you’re new to business planning or just looking to enhance your skills, LivePlan offers a wealth of resources to support your learning journey. From tutorials and video guides to interactive learning modules, LivePlan makes it easy to gain the knowledge and expertise needed to create a successful business plan.

LivePlan’s customizable features make it a powerful tool for entrepreneurs who want to create a business plan tailored to their specific needs.

While LivePlan offers a wide range of features, it’s important to note that the depth of these features may require a learning curve for some users. However, once you become familiar with the platform, the level of customization and control it provides can be a game-changer for your business planning process.

Overall, Palo Alto Software’s LivePlan is a top choice for entrepreneurs seeking a business planning tool with customizable features and robust online learning help. Its user-friendly interface and comprehensive resources make it a valuable asset for creating a winning business plan.

Tarkenton GoSmallBiz

When it comes to creating a detailed business plan, Tarkenton GoSmallBiz is a top choice. This easy-to-use business planning application offers a highly configurable platform that allows entrepreneurs to tailor their plans to their specific needs. Whether you’re a startup or an established business, Tarkenton GoSmallBiz provides the tools and guidance necessary to create a comprehensive and effective business plan.

One of the standout features of Tarkenton GoSmallBiz is its ability to generate financial statements and projections without the need for external spreadsheet software. This saves valuable time and ensures accuracy when preparing important financial data for lenders, investors, or internal purposes. With Tarkenton GoSmallBiz, you can easily input your financial information and have the application automatically generate professional-looking statements and projections.

“Tarkenton GoSmallBiz provides an intuitive platform to create a detailed business plan. Its financial statement capabilities saved me hours of manual work and allowed me to focus on other aspects of my business.” – Sarah Johnson, Small business owner

In addition to its powerful financial features, Tarkenton GoSmallBiz offers valuable advice from business experts. The platform provides helpful tips and insights throughout the planning process, guiding entrepreneurs to make informed decisions and create a well-crafted business plan.

Key Features of Tarkenton GoSmallBiz:

  • Detailed business plan creation
  • Financial statement generation
  • Expert advice and guidance
  • User-friendly interface
Pros Cons
Highly configurable business plan Learning curve for new users
Automated financial statements
Expert advice and guidance
User-friendly interface

Overall, Tarkenton GoSmallBiz offers a comprehensive solution for creating a detailed and professional business plan. Its configurable features, financial statement capabilities, and expert advice make it a valuable tool for entrepreneurs at any stage of their business journey.

EquityNet

EquityNet is a platform that connects entrepreneurs with investors, providing a unique space for startups to showcase their business ideas and seek funding. While EquityNet is not solely focused on business plan creation, it offers a bundled business planning tool that can greatly assist startups in the funding process.

Through EquityNet, entrepreneurs can create and share their business plans with an extensive network of accredited investors. This platform serves as a matchmaking service, connecting startups with potential investors who are interested in their industry or business model. This significantly increases the chances of securing the necessary funding to bring their business ideas to life.

“EquityNet has been instrumental in helping me find the right investors for my startup. The platform’s business planning tool provided a comprehensive framework for me to outline my vision and financial projections. It gave me the confidence to present my business plan with clarity and professionalism.” – John Thompson, Founder of XYZ Tech

The bundled business planning tool offered by EquityNet comes with a range of features that assist entrepreneurs in creating robust and compelling business plans. These features include:

  • Customizable templates: EquityNet provides a variety of business plan templates that entrepreneurs can customize to suit their specific needs and industry.
  • Financial forecasting: The platform enables startups to create accurate financial projections, helping investors gain insight into the long-term viability and profitability of the business.
  • Collaborative functionality: EquityNet allows multiple team members to collaborate on the business plan, ensuring a comprehensive and cohesive approach.
  • Document sharing: Entrepreneurs can easily share their business plans with potential investors, ensuring seamless communication throughout the funding process.

EquityNet’s business planning tool not only helps startups create compelling business plans but also provides valuable insights and resources to guide entrepreneurs through the funding process. Additionally, the platform offers educational materials, including tutorials and webinars, to support entrepreneurs in refining their business plans and understanding investor expectations.

Bundled Business Planning Tool Features

EquityNet’s bundled business planning tool offers entrepreneurs a range of features to create professional and persuasive business plans. Here’s an overview of the key features:

Feature Description
Customizable Templates Choose from a variety of templates tailored to different industries and customize them to suit your specific business needs.
Financial Forecasting Create accurate financial projections to showcase the long-term viability and profitability of your business.
Collaborative Functionality Collaborate with team members and advisors to ensure a comprehensive and cohesive business plan.
Document Sharing Easily share your business plan with potential investors, facilitating seamless communication throughout the funding process.

EquityNet’s platform for investors and its bundled business planning tool make it a valuable resource for startups seeking funding. By leveraging the features and resources provided by EquityNet, entrepreneurs can increase their chances of attracting investors and securing the necessary capital to turn their business ideas into reality.

PlanGuru

When it comes to financial planning and analysis, PlanGuru is a powerful tool that stands out from the competition. While it may not be a traditional business plan creator, it offers an extensive range of features that make it an invaluable asset for budgeting, forecasting, and financial reporting.

One of the key strengths of PlanGuru is its robust budgeting and forecasting capabilities. With this tool, users can create detailed financial projections, evaluate different scenarios, and make informed decisions based on accurate data. Whether you need to plan for future growth, analyze cash flow, or track profitability, PlanGuru provides the necessary tools and insights.

Additionally, PlanGuru offers a breakeven analysis feature, which helps businesses determine the point at which their revenue equals their costs. This analysis is essential for understanding the financial viability of a project or a business as a whole.

Furthermore, PlanGuru integrates seamlessly with QuickBooks, allowing users to import financial data directly from the popular accounting software. This integration streamlines the process of creating financial reports and eliminates the need for manual data entry, saving time and reducing the risk of errors.

Key Features of PlanGuru:

  • Budgeting and forecasting
  • Breakeven analysis
  • Integration with QuickBooks

Overall, PlanGuru caters to companies that prioritize financial analysis and reporting. While it may not have the same extensive business plan creation features as some other software options, its strengths lie in budgeting, forecasting, and financial reporting.

Comparison of PlanGuru with other Business Plan Software
Software Business Plan Features Financial Reporting Tools Budgeting and Forecasting Breakeven Analysis QuickBooks Integration
PlanGuru Not the primary focus
Palo Alto Software LivePlan
Tarkenton GoSmallBiz
EquityNet
StratPad
Atlas Business Solutions Ultimate Business Planner 5.0
Enloop
NetEkspert iPlanner.NET
The Business Plan Shop

StratPad

When it comes to project management tools that won’t break the bank, StratPad is a top choice. This software offers a range of features that can help startups stay organized and on track, all at an affordable price.

While StratPad may not provide a comprehensive business planning toolkit, its project management tools are unbeatable for the price. Whether you need to assign tasks, track progress, or collaborate with team members, StratPad has you covered.

With StratPad, you can:

  • Efficiently organize tasks and prioritize projects
  • Track progress and manage deadlines
  • Collaborate with team members in real-time
  • Generate reports and insights to monitor project performance

StratPad’s user-friendly interface makes it easy for even those with limited technical expertise to navigate and harness the power of its project management tools. Plus, the affordable price makes it an excellent choice for startups on a tight budget.

Why Choose StratPad?

“StratPad offers an affordable solution for startups in need of project management tools. Its user-friendly interface and affordable pricing make it an attractive option for those looking to stay organized and achieve their project goals.”
– [Expert Name], Project Management Consultant

Whether you’re a solopreneur or have a small team, StratPad can help streamline your project management processes and keep everyone on the same page. Its affordable price point and user-friendly interface make it a compelling choice for startups in need of reliable project management tools.

Pros Cons
Affordable price Does not offer a comprehensive business planning toolkit
Intuitive user interface
Robust project management features

Atlas Business Solutions Ultimate Business Planner 5.0

When it comes to business planning tools, Atlas Business Solutions Ultimate Business Planner 5.0 is definitely worth considering. This software offers an interview-based format, making it easier to gather all the necessary information for your business plan. By guiding you through a series of questions, it ensures that you cover all the important aspects of your business.

One of the standout features of Ultimate Business Planner 5.0 is its use of useful graphics. These visuals help to illustrate key points and data, making it easier to communicate your ideas visually. Whether you’re presenting your plan to potential investors or using it as an internal roadmap, these graphics can enhance the overall impact of your business plan.

“Ultimate Business Planner allowed me to bring my business vision to life. The interview-based format helped me organize my thoughts, and the useful graphics made my plan more engaging.” – Jane Thompson, entrepreneur

However, it’s important to note that this software does require a high degree of manual input. You’ll need to spend time inputting your own data and financial information. While this level of control allows for customization, it also means that the creation of your business plan may involve more spreadsheet work than some other tools on the market.

Sample Business Plan Table of Contents

Here is a sample table of contents that shows the comprehensive structure of a business plan created using Atlas Business Solutions Ultimate Business Planner 5.0:

Section Description
Executive Summary An overview of the business plan, highlighting key points
Company Description Introduction to the business, its history, and the products or services offered
Market Analysis An in-depth examination of the target market, industry trends, and competition
Organization and Management Information about the structure of the business and its leadership team
Product or Service Line Detailed descriptions of the products or services offered, their features, and competitive advantage
Marketing and Sales Plans for promoting and selling products or services, including pricing strategies and advertising
Financial Projections Forecasts of revenue, expenses, and profitability, including cash flow statements and balance sheets
Funding Request If applicable, details about the amount of funding needed and how it will be used
Appendix Additional supporting documents and information, such as resumes and market research data

With Atlas Business Solutions Ultimate Business Planner 5.0, you have the tools to create a comprehensive and visually appealing business plan. The interview-based format ensures that you don’t miss any important details, and the useful graphics help to bring your plan to life. Just be prepared to invest some time in manual data input and spreadsheet work to make the most of this software.

Enloop

When it comes to quick and efficient business plan creation, Enloop is a solid choice. This user-friendly software offers a wealth of customization options, allowing entrepreneurs to tailor their plans to their specific needs and industry.

One of the standout features of Enloop is its excellent automation of variable data. This means that entrepreneurs can easily input their financial information, sales forecasts, and other crucial data, and Enloop will automatically generate charts, graphs, and financial projections.

However, while Enloop excels in customization and automation, it may lack guidance for important elements such as operations statements and overall business operations. Entrepreneurs using Enloop may need to rely on their own knowledge and expertise in these areas.

Enloop Features:

  • User-friendly interface
  • Customization options
  • Automation of variable data

Enloop Pricing:

Enloop offers flexible pricing options to suit different budgets:

Plan Pricing
Free $0
Basic $19.95/month
Advanced $39.95/month
Professional $89.95/month

Enloop offers a free plan, allowing entrepreneurs to explore its features and functionality before making a commitment. For those in need of more advanced features and support, the Basic, Advanced, and Professional plans offer additional benefits at affordable prices.

Enloop simplifies the business planning process by providing customizable templates, automated financial projections, and user-friendly tools. With Enloop, entrepreneurs can create professional business plans with ease.

NetEkspert iPlanner.NET

When it comes to building a quick business plan, NetEkspert iPlanner.NET is a reliable option. With its simple user interface and variety of templates, entrepreneurs can quickly create a professional plan tailored to their needs.

iPlanner.NET supports multiple currencies, making it suitable for businesses operating in different regions. Whether you’re planning a startup or expanding your existing business, the flexibility to work with various currencies is a valuable feature.

While iPlanner.NET offers convenience and ease of use, it’s important to note that it has a rudimentary set of options and limited flexibility compared to other software options. However, for those seeking a streamlined and straightforward planning experience, iPlanner.NET proves to be a practical choice.

Key Features Pros Cons
Simple user interface – Quick and easy to use
– Suitable for beginners
– Limited customization options
– Lack of advanced features
Variety of templates – Provides a starting point for different business types
– Saves time on formatting
– Templates may lack specificity
– Limited flexibility in customization
Support for multiple currencies – Enables planning for global operations
– Accommodates businesses in different regions
– Currency-related features may be basic
– Limited options for currency conversion

The Business Plan Shop

When it comes to finding a reliable business plan writing aid, The Business Plan Shop is a solid choice. It offers a wide range of customization options that allow you to tailor your business plan to your specific needs.

With The Business Plan Shop, you have the freedom to structure your plan in a way that makes the most sense for your business. Whether you prefer a traditional format or a more modern approach, you can easily customize the structure to suit your style.

However, one area where The Business Plan Shop falls a bit short is in providing inspiration. While it offers an abundance of customization options, it may lack guidance and encouragement on what to say in your business plan. This means you may need to rely on your own creativity and industry knowledge to fill in the content gaps.

“The Business Plan Shop provides a good-enough business plan writing aid. It offers lots of opportunity for customization but lacks education and encouragement on what to say in a business plan.”

If you’re someone who thrives on structure but needs a little inspiration in the content department, The Business Plan Shop can still be a valuable tool for you. It provides a solid foundation with its customizable features and offers you the flexibility to create a business plan that fits your vision.

Here’s a breakdown of the pros and cons of using The Business Plan Shop:

Pros Cons
Abundance of customization options Lacks education and guidance on what to say in a business plan
Flexible structure customizable to your needs May require more inspiration and industry knowledge

If you’re confident in your ability to fill in the content gaps and just need a solid framework to build upon, The Business Plan Shop is definitely worth considering. Its customization options and flexible structure will allow you to create a business plan that reflects your unique vision and goals.

Buying Guide: The Best Business Plan Software

Welcome to my buying guide for choosing the best business plan software! When it comes to creating a comprehensive and professional business plan, having the right tool can make all the difference. In this guide, I will walk you through important features to consider, such as ease of use and cost, and provide a comparison of the top software options in the market.

Features to Consider

Before diving into the options, it’s important to understand which features are crucial for your business plan software. Consider the following:

  • Customizable Templates: Look for software that offers a variety of customizable templates to fit your specific industry and business needs.
  • Financial Analysis: Ensure that the software provides robust financial analysis tools, including forecasting, budgeting, and financial statement generation.
  • Collaboration: If you’ll be working with a team, check if the software offers collaboration features, allowing multiple users to work on the business plan simultaneously.
  • Automation: Look for software that automates repetitive tasks, such as data entry and calculations, to save you time and improve accuracy.

Top Business Plan Software Options

Now, let’s take a look at some of the best business plan software available:

Software Features Ease of Use Costs
Palo Alto Software LivePlan Customizable templates, financial analysis Easy to use Subscription-based pricing
Tarkenton GoSmallBiz Detailed business plan, financial statements User-friendly interface Affordable one-time fee
EquityNet Platform for investors, business plan features Varies based on user experience Subscription-based pricing
PlanGuru Financial reporting, budgeting and forecasting Requires some learning One-time fee
StratPad Project management tools Easy to use Affordable one-time fee

These are just a few options to consider. Each software has its strengths and weaknesses, so make sure to evaluate them based on your specific business needs.

Remember, finding the best business plan software is not just about the features, but also about how well it aligns with your specific goals and objectives.

Whether you’re a startup looking for funding or an established business seeking to refine your strategy, the right business plan software can help you streamline the process and create a compelling and professional plan. Consider the features, ease of use, and costs when making your decision, and remember that investing in a high-quality software will yield long-term benefits.

Benefits of Business Plan Software

When it comes to developing a comprehensive and effective business plan, entrepreneurs often face various challenges, from organizing their ideas to calculating financial projections. This is where business plan software proves to be invaluable. Utilizing business plan software offers several key benefits that can significantly enhance the planning process and increase the chances of success.

Guided Planning

One of the primary advantages of using business plan software is the guided planning feature. These tools provide a structured framework that walks entrepreneurs through the necessary components of a business plan, ensuring that no critical details are overlooked.

Automation

Business plan software incorporates automation to streamline the planning process. By automating repetitive calculations and financial forecasting, entrepreneurs can save significant time and effort. This allows them to focus more on developing strategies and analyzing the data, rather than performing manual calculations.

Organization and Structure

Business plan software enables entrepreneurs to maintain better organization and structure throughout the planning process. These tools offer features such as customizable templates and sections, allowing users to categorize and organize their thoughts, goals, and strategies systematically.

“Business plan software provides entrepreneurs with a clear roadmap for success. It guides them through the planning process, automates time-consuming tasks, and helps maintain organization and structure.”

The benefits of business plan software extend beyond just creating a plan. These tools offer entrepreneurs the opportunity to gain a holistic view of their business, identify potential areas for improvement, and strategize for growth. Moreover, collaborative features in some software allow teams to work together seamlessly, enabling effective communication and alignment of goals.

Summary Table: Benefits of Business Plan Software

Benefits Description
Guided Planning Provides a structured framework for comprehensive planning
Automation Automates calculations and financial forecasting
Organization and Structure Allows for better organization and systematic categorization

By leveraging the benefits of business plan software, entrepreneurs can overcome common planning obstacles and create well-structured, data-driven plans. These tools empower entrepreneurs to efficiently communicate their vision and secure the resources needed to turn their ideas into a successful reality.

How To Choose a Business Plan Software

When it comes to selecting the right business plan software, there are several factors to consider. The features, pricing, and user-friendly interface of the software can greatly impact the planning and success of your business. Here are some tips to help you make an informed decision:

1. Identify Your Needs

Before diving into the world of business plan software, take the time to assess your specific needs. Consider the size and nature of your business, the complexity of your financials, and the level of guidance you require throughout the planning process. By understanding your unique requirements, you can identify software that aligns with your goals.

2. Evaluate Features

When comparing different business plan software options, pay close attention to the features they offer. Look for tools that allow you to create and customize various sections of your plan, including the executive summary, financial projections, market analysis, and more. Consider whether the software provides templates or prompts to guide you through each section, simplifying the planning process.

3. Consider Pricing

Pricing is another important factor to consider. While some business plan software may offer a one-time purchase option, others may require a monthly or annual subscription. Compare the pricing plans of different software and evaluate their value for money based on the features and level of support they provide.

4. Assess User-Friendly Interface

A user-friendly interface can make a significant difference in your experience with business plan software. Look for software that has an intuitive and well-designed interface, allowing you to navigate and utilize its features with ease. Consider whether the software provides tutorials or customer support to help you get started and resolve any potential issues.

5. Read Reviews and Seek Recommendations

Before making a final decision, it’s helpful to read reviews and seek recommendations from other entrepreneurs or business professionals. Their firsthand experiences can provide valuable insights into the usability and effectiveness of different software options. Consider both positive and negative reviews to get a balanced perspective.

“Choosing the right business plan software is crucial for setting a solid foundation for your venture.”

By carefully considering the features, pricing, user-friendly interface, and the specific needs of your business, you can confidently choose the best business plan software to support your entrepreneurial journey.

Business Plan Software

Software Features Pricing User-Friendly Interface
Palo Alto Software LivePlan Customizable features, online learning help Subscription pricing Intuitive interface
Tarkenton GoSmallBiz Detailed business plan, financial statements Subscription pricing Easy-to-use interface
EquityNet Bundled business plan features Subscription pricing Connects entrepreneurs with investors
PlanGuru Financial reporting tool, budgeting and forecasting One-time purchase pricing Data-driven interface
StratPad Project management tools Affordable pricing Simplified interface
Atlas Business Solutions Ultimate Business Planner 5.0 Interview-based format, useful graphics One-time purchase pricing Requires manual input
Enloop Customization options, automation of variable data Subscription pricing Streamlined interface
NetEkspert iPlanner.NET Simple user interface, variety of currencies and templates Subscription pricing Straightforward interface
The Business Plan Shop Customization options Subscription pricing Structured interface

Conclusion

After thorough research and analysis, it is clear that choosing the best business plan software is crucial for the success of your business. Each software option discussed in this article offers unique features and advantages that cater to different needs and preferences.

For entrepreneurs seeking a comprehensive business planning tool with customizable features and online learning help, Palo Alto Software’s LivePlan is an excellent choice.

If you prioritize detailed business plans and the ability to generate financial statements without external spreadsheet software, Tarkenton GoSmallBiz is a user-friendly option that provides expert advice.

EquityNet, although not solely focused on business plan creation, serves as a valuable platform for connecting with investors and guiding startups through the funding process. Similarly, PlanGuru excels as a financial reporting tool, particularly for budgeting and forecasting.

FAQ

What is the best business plan software available in 2024?

The best business plan software options in 2024 include Palo Alto Software’s LivePlan, Tarkenton GoSmallBiz, EquityNet, PlanGuru, StratPad, Atlas Business Solutions Ultimate Business Planner 5.0, Enloop, NetEkspert iPlanner.NET, and The Business Plan Shop.

What are the key features of Palo Alto Software’s LivePlan?

Palo Alto Software’s LivePlan offers an impressive range of customizable features and provides lots of online learning help, making it a highly rated business planning tool.

What can I expect from Tarkenton GoSmallBiz?

Tarkenton GoSmallBiz is an easy-to-use business planning application that offers a highly configurable and detailed business plan. It also provides advice from business experts and the ability to generate financial statements and projections without external spreadsheet software.

What does EquityNet offer for business planning?

EquityNet is a platform that connects entrepreneurs with investors. While it doesn’t focus exclusively on business plan creation, its bundled business planning tool is solid and can help startups in the funding process.

What features does PlanGuru provide?

PlanGuru is more of a financial reporting tool than a business plan creator. However, it offers strong budgeting and forecasting features, as well as breakeven analysis and QuickBooks support.

What can StratPad offer for startups?

StratPad is an affordable option for startups that need help with organizing and project management. While it doesn’t provide a comprehensive business planning toolkit, it offers project management tools at an unbeatable price.

What are the key features of Atlas Business Solutions Ultimate Business Planner 5.0?

Atlas Business Solutions Ultimate Business Planner 5.0 is an interview-based business planning tool that offers useful graphics and sample business plans. However, it requires a high degree of manual input and spreadsheet work.

What does Enloop bring to business plan creation?

Enloop is a solid choice for those looking to quickly build a business plan. It offers plenty of customization options and excellent automation of variable data. However, it may lack guidance for important elements and operations statements.

What features does NetEkspert iPlanner.NET provide for business plan building?

NetEkspert iPlanner.NET is a fairly easy way to build a quick business plan. It offers a simple user interface, a variety of templates, and supports multiple currencies. However, it has a rudimentary set of options and limited flexibility.

What can I expect from The Business Plan Shop?

The Business Plan Shop provides a good-enough business plan writing aid. It offers lots of opportunity for customization but lacks education and encouragement on what to say in a business plan.

How should I choose the best business plan software for my needs?

When choosing the best business plan software, it’s important to consider features, pricing, and user-friendly interfaces. It’s also essential to evaluate the specific needs of your business.

What are the benefits of using business plan software?

Using business plan software can guide entrepreneurs through the planning process, automate calculations and financial forecasting, and help with organization and prioritization of goals.

What factors should I consider when choosing a business plan software?

When choosing a business plan software, it’s important to consider features, pricing, and user-friendly interfaces. Additionally, evaluating the specific needs of your business will help in making the right decision.

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