11 Best Business Plan Software and Tools of 2021 (Reviewed)

11 Best Business Plan Software and Tools of 2021 (Reviewed)

11 Best Business Plan Software and Tools of 2021 (Reviewed)
Last Updated on December 1, 2020 by Adam Enfroy

Starting a new business involves a lot of steps. There’s brainstorming new business ideas, writing a business plan, forming a business entity, creating a website, building a marketing plan – it can feel overwhelming at first.

Luckily, there are plenty of business plan software options that can help you every step of the way. Business plan tools help you:

  • Create business and marketing plans.
  • Get your accounting and taxes in order.
  • Create financial projections and business forecasts.
  • Finalize and publish a professional business plan.

In this guide, I ranked and reviewed the best software solutions to help take the guesswork out of your planning. These reviews are based on pricing, business features, team collaboration, integrations, support, and more.

Let’s dive into the list.

What is the Best Business Plan Software?

Here are my choices for the best business plan software to utilize for your small business.

1. LivePlan.

Best for small businesses looking for a cost-efficient and easy to use business planner ($15 per month).

LivePlan - Best Business Plan Software

LivePlan is a business planning platform that helps you track your business progress. It comes loaded with over 500 free and full-length sample business plans for inspiration. They also help you visualize your complete project. Plus, LivePlan also offers step-by-step assistance through in-built examples.

For small and new businesses, it offers one business plan that you can use to explain business opportunities to your clients. You can also make changes and updates to the plan at any point in time to keep it accurate.

Other features include:

  • Build financial forecasts and reports
  • SBA-approved format
  • Team collaboration
  • Industry benchmarks to understand your competitors

Additionally, LivePlan’s automatic financials and presentation features let you convert your one-page plan into a detailed plan. Plus, these financial services provide an estimate of your economic outcomes for the five upcoming years.

Key Features:

  • Business Model Canvas – It enables you to project your business model on a single page. You can get your business idea documented in around 30 minutes to share it with investors and partners.
  • Cash Flow Forecasting – It automatically imports your business’ accounting data to create a forecast. You just need to follow a few bite-sized steps. You can also sync it with QuickBooks and Xero.
  • Milestone Scheduling – Schedule business-critical tasks and milestones in the LivePlan dashboard. And it will send you automated reminders whenever an event is due.

Pros:

  • It provides visual forecasting tools for your sales plan.
  • 60-days money-back guarantee.
  • Choose from 10 plan themes optimized for funding.
  • The business dashboard lets you track your business with key metrics like cost and expenses, revenue breakdown, net profit, operating margin, etc.
  • It enables collaboration through easy-to-manage permissions and global access.
  • It allows you to work on multiple active plans simultaneously.
  • Bank-level security.

Pricing:

LivePlan offers three pricing plans:

  • Annual: $15 per month
  • 6-Months: $18 per month
  • Pay as you go: $20 per month

Every plan includes features like automatic financials, 500+ sample plans, forecasting tools, guided plan builder, performance dashboards, etc. While there’s no free trial, you get a 60-days money-back guarantee

11 Best Business Plan Software and Tools of 2021 (Reviewed) 11 Best Business Plan Software and Tools of 2021 (Reviewed) Reviewed by Muhammad Zeeshan Ali on December 30, 2020 Rating: 5

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