BUSINESS PLAN SOFTWARE

Why a business plan? What is a business plan? How do I get a business plan?

All your business and business plan questions answered

We offer the best business software solutions on the market - whether you need business plan software or accounting software. This is your one stop shop for business plan software and financial and accounting software.

           

The best way to show bankers, venture capitalists, and angel investors that you are worthy of financial support is to show them a great business plan. Make sure that your plan is clear, focused and realistic.

Then show them that you have the tools, talent and team to make it happen.

Your business plan is like your calling card, it will get you in the door where you'll have to convince investors and loan officers that you can put your plan into action.

Once you have raised the money to start or expand your business, your business plan will serve as a road map for your business. It is not a static document that you write once and put away.

You will reference it often, making sure you stay focused and on track, and meet milestones. It will change and develop as your business evolves.

Do I need a business plan?

Not everyone who starts and runs a business begins with a business plan, but it certainly helps to have one.

If you are seeking funding from a venture capitalist, you will certainly need a comprehensive business plan that is well thought out and contains sound business reasoning.

If you are approaching a banker for a loan for a start-up business, your loan officer may suggest a Small Business Administration (SBA) loan, which will require a business plan.

If you have an existing business and are approaching a bank for capital to expand the business, they often will not require a business plan, but they may look more favorably on your application if you have one.

A business plan should prove that your business will generate enough revenue to cover your expenses and make a satisfactory return for bankers or investors.

What makes a successful business plan?

• A well thought out idea
• Clear and concise writing
• A clear and logical structure
• Illustrates management's ability to make the business a success
• Shows profitability

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