Your Guide To Business Planning Software

Is this economic downturn upending your life? If youre one of the many people who have found themselves newly unemployed as a result of the onrushing recession, you may have found yourself idly thinking about starting your own business. Im not going to lie to you starting a business is a risky proposition, even in the best of times. But if you have a cant-miss idea and the wherewithal to make a go of it, theres no greater satisfaction. However, just jumping in with both feet is no way to go about it you need to make plans first. Thats where business planning software comes in. These useful applications can help you understand the potential and risk of your business before you spend a single cent. In this feature, Ill spotlight some of the leading business planning software products and hopefully help you pick one to use moving forward.

One of the most useful pieces of business planning software is BizPlanBuilder by Jian Software. Before you get a business off the ground, youre going to need to know where the money is coming from. If you arent funding it entirely out of your own pocket, you will need to approach a bank or investors for seed capital. And without a business plan in hand, you might as well stay home. A solid business plan should act as a blueprint for the first five to ten years of your business, and BizPlanBuilder takes the frustration out of composing one. Using a template composed from thousands of successful business proposals, you enter the salient financial and creative details of your business and the program structures, formats, and even provides expert business planning advice as you move through the process. Its truly an invaluable purchase.

Another well-reviewed business planning software package is Palo Alto Softwares Business Plan Pro. With over five hundred sample business plans to crib from, you can browse the library for a plan to use as a starting point for your own endeavor. In addition, Business Plan Pro is designed to require a small time commitment for plan preparation, giving you more time to concentrate on the logistics of your new company. In addition, when you purchase the product they throw in a veritable wheelbarrow of goodies, including a subscription to INC magazine and a gratis company logo from HP Logoworks.

Third on the list of programs is Whitebirch Planning. As opposed to the other business planning software in this list, Whitebirch Planning is a focused financial tool that lets business owners create robust scenario analysis and formula-based financial models that you can use to predict the health of your company moving forward. With a rich reporting frontend, this is a must for a company going through the growing pains of the early days.

I hope that this guide has helped you, and when your new company goes public let me know and Ill by a share or two.

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