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.
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.
This is a "nice-to-have" feature for some businesses but an irrelevant one for others. Helpful Advice Even if the business plan software solution gives you places to plug in data (think "Mad Libs" for businesses), ultimately you need a good idea (you're on your own, there) and to understand the information investors want to see.
As with tax preparation software, it's reassuring when the business planning software solution defines terms, provides sample data, and explains the sort of information expected in each field.
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.
These solutions may prompt you to respond to issues that you might not have thought to address. Do the Numbers Ultimately, a business plan shows how your company will make money.
Even the simplest plan needs to include financial reports such as charts for profit-and-loss, balance sheets, and month-by-month and yearly projections. Context and Analysis Some business plan software solutions (such as Equity Net and Editors' Choice Palo Alto Software Live Plan) help you compare your numbers to others in your industry, including regions and company size.