SCORE, a nonprofit association that helps foster startups by providing mentorship and planning tools, says that the value of completing a business plan is not the finished product, but rather the process. Having a clear picture about the purpose of your business, its goals, and how it will operate is critical not only for your understanding of these issues, but more importantly to get potential lenders and investors to buy in. Thankfully, you don’t have to go to business school — or hire someone who did — to create a business plan. 1. SCORE – The nonprofit business mentorship program offers free templates for both startup and established businesses, as well as planning tools for nonprofits. 4. Free-Plan – Offers a comprehensive Word-based document that contains a detailed framework for building your business plan, including sample text, tables and charts, as well as a manual with section-by-section assistance. Write your executive summary last, after you’ve done the work of researching and thinking about your business. If a section of the template doesn’t apply to your business, don’t worry about filling it out. If you’re having trouble filling out your template or have questions about creating a business plan, SCORE has mentors that can give you free advice in person or via e-mail.
As evidenced above, there are plenty of options for free business templates, so don’t feel like you need to pay for one, unless you can’t find a template that thoroughly addresses your needs.
In addition to completing a business plan checklist, look for a due diligence checklist from potential lenders or investors to make sure you have a better understanding of the types of information they need. Before getting bogged down in the details of business planning, make sure you have a clear vision and set of values for your company. PlanMagic Business offers an easy to use well written business plan templates in a popular word processor format, a fully automated close-to-reality financial projection application in MS Excel, an easy to use presentation template, and a comprehensive business planning guide. The PlanMagic Business program includes products, services and one additional business plan template of your choice.
The program also includes a presentation template in Powerpoint, and an investor pitch template also in Powerpoint format. Offers PlanMagic's Smart Entry System (SES)™ to minimize and significantly speed up data entry. Up to 10 years can be forecast in one financial workbook, with no limit if multiple workbooks are used.
Costs can be split between fixed and variable cost for contribution, break-even and similar analyses.
We also have to include that PlanMagic Corporation is one of the few companies that offer many specific programs for specific business and organization types.
PlanMagic Coffee Bar - for coffee bars, coffee shops, sport bars, and similar to really plan their sales. PlanMagic Restaurant- for restaurants, take-aways, and similar to really plan correctly (incl. PlanMagic Business is ideal for any type of product, service or manufacturing based business. Needless to say, but we say it anyway, if there is a product line that totally deserves our SimplytheBest Gold Award, it's Business Plan Software that PlanMagic offers. Successful entrepreneurs know that getting the details down on paper is critical before starting any new venture. Our sister site, TopTenREVIEWS, does extensive in-depth reviews of online business plan services. Document Generation Tools: Chief among the document generation tools offered by LivePlan are the table generators such as sales forecasts, budgets and profit and loss statements.


Guidance Resources: LivePlan walks users through each section of their business plan, giving precise instructions for developing each component.
BizPlan earns high marks for providing a step-by-step process that's accessible to users of all skill levels. Document Generation Tools: For beginners, the BizPlan service provides a step-by-step guide to creating a business plan, making the process of building from scratch easy. Guidance Resources: The entire service is set up to guide users through the process with as little pain as possible. PlanHQ is well regarded not only for helping users write a business plan, but also assisting in executing it and setting business goals. Document Generation Tools: PlanHQ offers a number of tools, such as financial calculators and chart generators.
Chad Brooks is a Chicago-based freelance writer who has nearly 15 years experience in the media business. When you create a monthly budget planning spreadsheet Excel template you will not only keep track of your money, but also figure out where you are falling short.The best way to create your own monthly budget planning spreadsheet Excel template is by downloading the template that is available on this page. It takes time now, but avoids costly, perhaps disastrous, mistakes later,” the introduction to SCORE’s business template says. Small Business Administration – This site allows you to fill out a template online, with tips for what to include in each section.
Software like Business Plan Pro or Plan Write Business Plannercan provide you with further customization and assistance.
Small Business Administration, a good business plan is a living document that should be reviewed and updated regularly. The Advanced Edition (AE) includes more state-of-the-art financial analysis tools as well as a Web marketing guide.
The more complete they are, the more chance you will have of getting a potential investor interested. These two templates alone can save you lots of time, as well as provide you with the tools you need to make that important pitch.
The reason being that even though PlanMagic Business is one of the best (if not the best) business planner, it cannot cater to more specific financial needs. The business specific business plan templates are complete and no other program offers this kind of customization.
Each part of the LivePlan Financial Plan section contains an easy-to-use table generator for the specific table type desired by the business owner. The service divides the writing into chapters, including Executive Summary, Company, Products and Services, Target Market, Strategy and Implementation, Financial Plan and Appendix. While new users have resources to learn what they need, business veterans have the tools required to formulate a business plan without unnecessary handholding.
In addition, BizPlan allows users to share and coproduce their business plan with an unlimited number of partners – even those who many not be central authors on the document but still have important content contributions, such as a lawyer or financial advisor. In addition to building the business plan, Bizplan offers investor information to help kick-start the hunt for funding.
Through a unique approach of couching almost everything in the context of goal setting, the service helps business owners fully understand exactly what needs to take place in order to start a successful business. A graduate of Indiana University, he spent nearly a decade as a staff reporter for the Daily Herald in suburban Chicago, covering a wide array of topics including, local and state government, crime, the legal system and education. After completing the template, you can generate your business plan and save it to your computer as a Word document.


Each business plan template is fully geared towards the type of business it is to be used for.
Though they may not check all the tiny details, they will immediately see that all the important aspects of financially planning a start-up or expansion, have been considered and are actually incorporated in the financial plan.
The financial planning application is one-of-a-kind and offers a numerous number of unique features (including the best navigation we have ever seen in an Excel workbook!) that can only be found in the PlanMagic software range. Such services provide potential investors with details on how a new business will become profitable. By incorporating teaching into the writing process, LivePlan produces not only an exceptional business plan, but also a more informed entrepreneur. Each section contains specific instructions on what needs to be included and examples of what investors and lenders are looking for. A highlight is the service's overall compatibility with other widely used applications such as Excel and cloud-based document creation and sharing services like Google Docs.
As users move through the process, each section is clearly labeled and explained in order to remove the ambiguity many entrepreneurs battle when they create their first business plan. The service also enables users to collaborate with business partners, identify demographics and size up the competition. Following his years at the newspaper Chad worked in public relations, helping promote small businesses throughout the U.S. PlanMagic offers many pre-written plan templates for a variety of business types such as advertising agency, bank, call center, casino, cleaning service, clinic generic, consultant, day care center, debt collection agency, dental clinic, employment agency, farm, insurance agency, internet service provider (ISP), leasing company, manufacturer, photo studio, real estate agent, record company, school, and veterinary clinic. The Smart Entry System mentioned is truly a work of art and offers unparalleled speed of entry. Online business plan software offers the tools and templates needed to create a professional presentation that can be put in front of prospective backers to demonstrate where you want your venture to go and how you plan to get there. If you earn a paycheck every week, from an outside source, than make sure that you record the net income. Easily add project plans, phasing diagrams, floor plans, specific plans and more as is needed, or insert financial data from the financial application. The best services provide financial calculators and chart generators to help crunch numbers and illustrate the business' vision in a quantifiable manner.
We have reviewed some of the other PlanMagic programs as well, and though it is beyond the scope of this review, we do wish to mention that the ones we tested were equally valuable.
They also offer a number of additional features such as performance graphs and goal achievement monitors that let business owners track their progress and make necessary changes along the way.
But if you are putting out more for your expenses, when compared to how much you are making, than you will need to rethink a few things.Review your expenses and your income.
If you are putting out more for expenses than your actual income will allow you to do, then look to see where you can make cuts. If you can make some cuts with some of the variable expenses and letting go of expenses that you don’t need, than this will help you to loosen up the budget.
Download: Monthly and Yearly Budget Spreadsheet Excel TemplateAdditional excel templates can be downloaded here.Not what you were looking for?



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