business plan template liveplan

What stage is your business at?

Tell us and we’ll match you with a special LivePlan discount:

New Business Idea

Startup Phase

Established Business

Enter your email address to unlock it.

Please enter a valid email address

We care about your privacy. See our Privacy Policy .

Guides & Templates

Cash Flow Statement Example Download

Whether you’re thinking about hiring, making a major purchase, or you simply want to keep your business healthy, forecasting your cash flow will give you the visibility to make spending decisions with confidence. What is a cash flow statement? A cash flow statement shows how cash moves in and out of your business during a […]

Income Statement Example Download

You’ll want to review your income statement regularly, along with your balance sheet and cash flow statement, to track your performance and ensure that your business operations are healthy. Income statement definition An income statement shows detailed information about your revenue and expenses over a specific period of time, like last month, last quarter, or […]

Free One-Page Business Plan Template Download

Download our free one-page business plan template. Writing a business plan doesn’t have to be complicated. That’s why we created this template for a one-page business plan—a business plan that you can write on a single page. Building a one-page business plan has a lot of benefits: It’s fast: Documenting your business strategy shouldn’t take […]

Balance Sheet Example Download

Download our free balance sheet example PDF and Excel spreadsheet. The balance sheet is one of the key financial statements that you should review regularly—at least once a month. Balance sheet definition Your balance sheet shows the current financial state of your company and summarizes what you own (your assets), what you owe (your liabilities), […]

Growth Planning | Free eBook

  Growth planning is a system to help you continuously plan, forecast, review, and refine your financial strategy to better manage your business. It’s an active and data-driven process for making informed and confident decisions.   By incorporating Growth Planning into your ongoing management processes you will gain: Confidence in the ongoing financial viability of […]

Get the LivePlan Newsletter

The latest small business insights in your inbox

LivePlan Review: How It Transforms Business Planning for Entrepreneurs

So, you’re thinking about taking your business plan from a napkin sketch to something a bit more professional? Enter LivePlan, the tool that’s been buzzing in entrepreneur circles. It promises to simplify the daunting task of business planning, but does it deliver? Let’s dive in.

LivePlan boasts features that aim to streamline the planning process, whether you’re a startup wizard or looking to expand your empire. But with so many tools out there, you’re probably wondering if it’s the right fit for you. Stick around as we break down what LivePlan offers, its ease of use, and whether it’s worth the investment for your business.

Key Takeaways

• LivePlan is a comprehensive tool designed to simplify the business planning process, from initial ideation to financial forecasting and performance tracking.
• With its user-friendly interface, LivePlan guides entrepreneurs through creating a business plan, making the process accessible even to those without a background in business or finance.
• The software offers valuable features such as Pitch Creation for crafting compelling business overviews, Financial Forecasts to handle complex data with ease, and Performance Tracking to monitor real-time progress against goals.
• LivePlan’s adaptability makes it a suitable option for both startups and established businesses looking to pivot or expand, thanks to its dynamic planning capabilities.
• Given its cost-effective pricing and the range of features it offers, LivePlan is a worthy investment for entrepreneurs seeking a reliable and efficient way to develop and manage their business plans.

What is LivePlan?

As an entrepreneur and business enthusiast who’s ventured through the labyrinth of startups, side hustles, and the quest for success, I’ve found that one of the keystones to a flourishing business is a solid plan. That’s where LivePlan comes into play. Picture this as your behind-the-scenes partner, meticulously designed to guide you through the intricacies of crafting a business plan that resonates with your vision.

LivePlan simplifies the process, breaking down the daunting task of business plan writing into manageable pieces. It’s not just about putting your ideas on paper; it’s about shaping them in a way that speaks volumes to investors, team members, and even yourself. With an intuitive interface and step-by-step guidance, LivePlan transforms your rough ideas into a polished and professional plan.

But it’s not all about the initial setup. LivePlan is dynamic, acknowledging that businesses evolve. It allows you to adjust your strategy on the fly, making it a tool not just for startups but for established businesses looking to pivot or expand. This adaptability is crucial in today’s ever-changing business landscape.

Here are a few highlights of what LivePlan offers:

• Pitch Creation : Summarize your business plan into a compelling pitch that grabs attention.
• Financial Forecasts : With built-in formulas, generate financial projections that make sense.
• Performance Tracking : Compare your actual performance against your plan in real time.

Leveraging LivePlan means you’re not just planning for today but preparing for success tomorrow. It’s a blend of simplicity and depth, making it ideal whether you’re sketching out your very first business model or refining an existing one.

In exploring LivePlan, you’ll uncover its potential to streamline your planning process, making room for what you do best: innovating, strategizing, and growing your business.

Features of LivePlan

When you’re diving into the world of entrepreneurship, tools like LivePlan are goldmines. This software stands out not just for its ability to help you draft up a stellar business plan but also due to its rich features tailored for businesses at any stage; whether you’re brainstorming your initial idea or scaling an established entity. Let’s unpack some of these features that make LivePlan a go-to for entrepreneurs like us.

First up, Pitch Creation . This is essentially your business’s first impression, a concise overview capturing the essence of what you’re all about. LivePlan simplifies this process, guiding you through creating an elevator pitch that’s not only persuasive but also crystal clear to potential investors. Imagine having your business’s mission, vision, and value proposition neatly wrapped up in a package that speaks volumes in a few seconds. That’s what LivePlan’s pitch creation feature does for you.

Then, there’s the Financial Forecasts feature. Numbers can be daunting, but they’re the backbone of any solid business plan. LivePlan comes equipped with built-in formulas, making financial projections less of a headache. You don’t need to be a finance whiz to forecast your cash flow, profit, and loss or balance sheet accurately. LivePlan turns complex data into understandable metrics, enabling you to make informed decisions. This feature ensures that your financial health is always in check, preparing you to sway investors with hard-hitting stats.

Lastly, the Performance Tracking feature. It’s not just about setting goals but keeping an eye on them. LivePlan allows you to track your business’s performance against your plan in real-time. This constant monitoring helps in identifying areas needing improvement and celebrating milestones achieved. It’s like having a roadmap where you can trace your journey and tweak your strategies as you go.

In the entrepreneurial journey, being equipped with the right tools can make a difference. LivePlan’s comprehensive features offer more than just business plan creation; they equip you with a suite of resources to pilot your business idea towards success.

Ease of Use: Is it user-friendly?

When you’re diving into the world of business planning, especially if you’re balancing the demands of running your startup or side hustle, the last thing you need is a complex tool that’s hard to navigate. You’re in luck with LivePlan. Here’s the real scoop on its ease of use from someone who’s been in your shoes.

First thing’s first, LivePlan greets you with a clean, intuitive interface. Think of it as the friendly handshake that kickstarts a meaningful conversation. This platform knows you’re not here to waste time. Whether you’re crafting your very first business plan or refining the strategy for your current venture, finding your way around the tool is a breeze. Navigation is straightforward , with clear labels and a well-organized layout that ensures you don’t get lost in a maze of features.

For the entrepreneurs who’ve faced the dread of a blank page, LivePlan’s step-by-step approach acts as your personal guide through the business planning wilderness. It asks you simple, yet profound questions about your business and neatly slots your answers into the right sections of your plan. This not only builds your business plan piece by piece but also educates you about the critical components of a successful blueprint along the way.

Moreover, for those who dread numbers and forecasts, LivePlan turns the daunting task of financial projections into child’s play. Built-in formulas and drag-and-drop tables mean you don’t need to be a wizard with spreadsheets to predict your business’s financial future.

Getting your business plan to resonate with potential investors or partners is essential. That’s why LivePlan’s pitch creation feature is a game-changer. It helps you distill your vision into a clear, concise, and compelling pitch, ensuring you make a strong impression right out of the gate.

To sum up, whether you’re a seasoned entrepreneur or just starting out, LivePlan is designed with your needs in mind. Its user-friendly interface and comprehensive features simplify the business planning process, letting you focus on what you do best – running your business.

Is LivePlan Worth the Investment?

When you’re diving into the world of startups and side-hustles, every dime counts. You’re looking for tools that not only simplify your life but also give you a solid return on your investment. Let’s talk about LivePlan from that angle—because, let’s face it, even the most promising tools need to prove their worth.

First off, it’s important to acknowledge LivePlan’s intuitive interface and its direct approach to business planning. It’s like having a mentor that guides you through the complex process with ease. This kind of streamlined planning tool is invaluable, especially when you’re juggling business operations and maybe a side hustle or two.

Financial projections can often feel like you’re trying to decode an ancient language. Here’s where LivePlan really shines. It simplifies this daunting task with built-in formulas and user-friendly drag-and-drop tables . Imagine the hours you’d save, hours that could be invested back into refining your product or marketing strategy.

Let’s not forget the pitch creation feature. Crafting a compelling pitch is art and science combined, and LivePlan equips you with the right tools to make your pitch resonate with potential investors or partners. This could be the difference between a nod and a handshake or a pass.

To give you a clearer picture, here’s a quick rundown of LivePlan’s cost versus benefits:

Considering the costs, which typically range from a monthly subscription that’s less than the cost of a daily cup of coffee to an annual plan that provides even more savings, it’s hard not to see the value.

For entrepreneurs embarking on various ventures, being efficient and effective is key. What LivePlan offers is a pathway to not just articulate your vision but to do so with confidence and precision, without breaking the bank.

Wrapping up, LivePlan stands out as a beacon for entrepreneurs navigating the often turbulent waters of business planning. It’s not just about the sleek interface or the step-by-step guidance. It’s about how it transforms complex financial projections into a walk in the park and turns your pitch into a compelling story that resonates with investors and partners alike. With LivePlan, you’re not just saving time and sidestepping errors; you’re setting the stage for your business’s success. So whether you’re sketching out your first business plan or fine-tuning your pitch, LivePlan is your go-to tool for articulating your vision with clarity and confidence. And the best part? It does all this without stretching your budget.

Frequently Asked Questions

LivePlan is a business planning tool designed to help entrepreneurs create comprehensive business plans. It offers a clean and intuitive interface, step-by-step guidance, financial projection capabilities with built-in formulas, and a pitch creation feature for articulating business visions effectively.

How does LivePlan simplify the business planning process?

LivePlan simplifies the business planning process by providing a step-by-step guided journey, making it easy for entrepreneurs to navigate and complete their business plan. Its drag-and-drop tables and built-in financial formulas make financial forecasting straightforward and error-free.

Can LivePlan help in creating pitches for investors?

Yes, LivePlan includes a pitch creation feature specifically designed to help entrepreneurs create clear and compelling pitches. This tool is aimed at securing potential investors or partners by succinctly articulating the business vision and plan.

What are the main benefits of using LivePlan?

The main benefits of using LivePlan include its ease of use, the time saved in drafting plans, accuracy in financial projections, and its efficacy in assisting in securing funding and partnerships. Its intuitive design and comprehensive features streamline the planning process, making it an efficient tool for entrepreneurs.

Is LivePlan cost-effective?

The article suggests that LivePlan is cost-effective, emphasizing its value by highlighting the efficiency, effectiveness, and potential for error reduction in business planning. The benefits of time-saving, simplification, and improved chances of securing funding significantly outweigh the cost, making it a smart investment for entrepreneurs.

Share this with your friends...

About the author.

John Prince

You might like these articles as well....

Different Types of Startups: A Comprehensive Guide

Best Crowdfunding Sites for Startups: Top Platforms Compared

Startup ideas for social entrepreneurs: change the world today, best industries for startups: top sectors where you can thrive.

Small Business Trends

How to create a business plan: examples & free template.

This is the ultimate guide to creating a comprehensive and effective plan to start a business . In today’s dynamic business landscape, having a well-crafted business plan is an important first step to securing funding, attracting partners, and navigating the challenges of entrepreneurship.

This guide has been designed to help you create a winning plan that stands out in the ever-evolving marketplace. U sing real-world examples and a free downloadable template, it will walk you through each step of the process.

Whether you’re a seasoned entrepreneur or launching your very first startup, the guide will give you the insights, tools, and confidence you need to create a solid foundation for your business.

Table of Contents

How to Write a Business Plan

Embarking on the journey of creating a successful business requires a solid foundation, and a well-crafted business plan is the cornerstone. Here is the process of writing a comprehensive business plan and the main parts of a winning business plan . From setting objectives to conducting market research, this guide will have everything you need.

Executive Summary

The Executive Summary serves as the gateway to your business plan, offering a snapshot of your venture’s core aspects. This section should captivate and inform, succinctly summarizing the essence of your plan.

It’s crucial to include a clear mission statement, a brief description of your primary products or services, an overview of your target market, and key financial projections or achievements.

Think of it as an elevator pitch in written form: it should be compelling enough to engage potential investors or stakeholders and provide them with a clear understanding of what your business is about, its goals, and why it’s a promising investment.

Example: EcoTech is a technology company specializing in eco-friendly and sustainable products designed to reduce energy consumption and minimize waste. Our mission is to create innovative solutions that contribute to a cleaner, greener environment.

Our target market includes environmentally conscious consumers and businesses seeking to reduce their carbon footprint. We project a 200% increase in revenue within the first three years of operation.

Overview and Business Objectives

In the Overview and Business Objectives section, outline your business’s core goals and the strategic approaches you plan to use to achieve them. This section should set forth clear, specific objectives that are attainable and time-bound, providing a roadmap for your business’s growth and success.

It’s important to detail how these objectives align with your company’s overall mission and vision. Discuss the milestones you aim to achieve and the timeframe you’ve set for these accomplishments.

This part of the plan demonstrates to investors and stakeholders your vision for growth and the practical steps you’ll take to get there.

Example: EcoTech’s primary objective is to become a market leader in sustainable technology products within the next five years. Our key objectives include:

• Introducing three new products within the first two years of operation.
• Achieving annual revenue growth of 30%.
• Expanding our customer base to over 10,000 clients by the end of the third year.

Company Description

The Company Description section is your opportunity to delve into the details of your business. Provide a comprehensive overview that includes your company’s history, its mission statement, and its vision for the future.

Highlight your unique selling proposition (USP) – what makes your business stand out in the market. Explain the problems your company solves and how it benefits your customers.

Include information about the company’s founders, their expertise, and why they are suited to lead the business to success. This section should paint a vivid picture of your business, its values, and its place in the industry.

Example: EcoTech is committed to developing cutting-edge sustainable technology products that benefit both the environment and our customers. Our unique combination of innovative solutions and eco-friendly design sets us apart from the competition. We envision a future where technology and sustainability go hand in hand, leading to a greener planet.

Define Your Target Market

Defining Your Target Market is critical for tailoring your business strategy effectively. This section should describe your ideal customer base in detail, including demographic information (such as age, gender, income level, and location) and psychographic data (like interests, values, and lifestyle).

Elucidate on the specific needs or pain points of your target audience and how your product or service addresses these. This information will help you know your target market and develop targeted marketing strategies.

Example: Our target market comprises environmentally conscious consumers and businesses looking for innovative solutions to reduce their carbon footprint. Our ideal customers are those who prioritize sustainability and are willing to invest in eco-friendly products.

Market Analysis

The Market Analysis section requires thorough research and a keen understanding of the industry. It involves examining the current trends within your industry, understanding the needs and preferences of your customers, and analyzing the strengths and weaknesses of your competitors.

This analysis will enable you to spot market opportunities and anticipate potential challenges. Include data and statistics to back up your claims, and use graphs or charts to illustrate market trends.

This section should demonstrate that you have a deep understanding of the market in which you operate and that your business is well-positioned to capitalize on its opportunities.

Example: The market for eco-friendly technology products has experienced significant growth in recent years, with an estimated annual growth rate of 10%. As consumers become increasingly aware of environmental issues, the demand for sustainable solutions continues to rise.

Our research indicates a gap in the market for high-quality, innovative eco-friendly technology products that cater to both individual and business clients.

SWOT Analysis

A SWOT analysis in your business plan offers a comprehensive examination of your company’s internal and external factors. By assessing Strengths, you showcase what your business does best and where your capabilities lie.

Weaknesses involve an honest introspection of areas where your business may be lacking or could improve. Opportunities can be external factors that your business could capitalize on, such as market gaps or emerging trends.

Threats include external challenges your business may face, like competition or market changes. This analysis is crucial for strategic planning, as it helps in recognizing and leveraging your strengths, addressing weaknesses, seizing opportunities, and preparing for potential threats.

Including a SWOT analysis demonstrates to stakeholders that you have a balanced and realistic understanding of your business in its operational context.

• Innovative and eco-friendly product offerings.
• Strong commitment to sustainability and environmental responsibility.
• Skilled and experienced team with expertise in technology and sustainability.

Weaknesses:

• Limited brand recognition compared to established competitors.
• Reliance on third-party manufacturers for product development.

Opportunities:

• Growing consumer interest in sustainable products.
• Partnerships with environmentally-focused organizations and influencers.
• Expansion into international markets.
• Intense competition from established technology companies.
• Regulatory changes could impact the sustainable technology market.

Competitive Analysis

In this section, you’ll analyze your competitors in-depth, examining their products, services, market positioning, and pricing strategies. Understanding your competition allows you to identify gaps in the market and tailor your offerings to outperform them.

By conducting a thorough competitive analysis, you can gain insights into your competitors’ strengths and weaknesses, enabling you to develop strategies to differentiate your business and gain a competitive advantage in the marketplace.

Example: Key competitors include:

GreenTech: A well-known brand offering eco-friendly technology products, but with a narrower focus on energy-saving devices.

EarthSolutions: A direct competitor specializing in sustainable technology, but with a limited product range and higher prices.

By offering a diverse product portfolio, competitive pricing, and continuous innovation, we believe we can capture a significant share of the growing sustainable technology market.

Organization and Management Team

Provide an overview of your company’s organizational structure, including key roles and responsibilities. Introduce your management team, highlighting their expertise and experience to demonstrate that your team is capable of executing the business plan successfully.

Showcasing your team’s background, skills, and accomplishments instills confidence in investors and other stakeholders, proving that your business has the leadership and talent necessary to achieve its objectives and manage growth effectively.

Example: EcoTech’s organizational structure comprises the following key roles: CEO, CTO, CFO, Sales Director, Marketing Director, and R&D Manager. Our management team has extensive experience in technology, sustainability, and business development, ensuring that we are well-equipped to execute our business plan successfully.

Products and Services Offered

Describe the products or services your business offers, focusing on their unique features and benefits. Explain how your offerings solve customer pain points and why they will choose your products or services over the competition.

This section should emphasize the value you provide to customers, demonstrating that your business has a deep understanding of customer needs and is well-positioned to deliver innovative solutions that address those needs and set your company apart from competitors.

Example: EcoTech offers a range of eco-friendly technology products, including energy-efficient lighting solutions, solar chargers, and smart home devices that optimize energy usage. Our products are designed to help customers reduce energy consumption, minimize waste, and contribute to a cleaner environment.

Marketing and Sales Strategy

In this section, articulate your comprehensive strategy for reaching your target market and driving sales. Detail the specific marketing channels you plan to use, such as social media, email marketing, SEO, or traditional advertising.

Describe the nature of your advertising campaigns and promotional activities, explaining how they will capture the attention of your target audience and convey the value of your products or services. Outline your sales strategy, including your sales process, team structure, and sales targets.

Discuss how these marketing and sales efforts will work together to attract and retain customers, generate leads, and ultimately contribute to achieving your business’s revenue goals.

This section is critical to convey to investors and stakeholders that you have a well-thought-out approach to market your business effectively and drive sales growth.

Example: Our marketing strategy includes digital advertising, content marketing, social media promotion, and influencer partnerships. We will also attend trade shows and conferences to showcase our products and connect with potential clients. Our sales strategy involves both direct sales and partnerships with retail stores, as well as online sales through our website and e-commerce platforms.

Logistics and Operations Plan

The Logistics and Operations Plan is a critical component that outlines the inner workings of your business. It encompasses the management of your supply chain, detailing how you acquire raw materials and manage vendor relationships.

Inventory control is another crucial aspect, where you explain strategies for inventory management to ensure efficiency and reduce wastage. The section should also describe your production processes, emphasizing scalability and adaptability to meet changing market demands.

Quality control measures are essential to maintain product standards and customer satisfaction. This plan assures investors and stakeholders of your operational competency and readiness to meet business demands.

Highlighting your commitment to operational efficiency and customer satisfaction underlines your business’s capability to maintain smooth, effective operations even as it scales.

Example: EcoTech partners with reliable third-party manufacturers to produce our eco-friendly technology products. Our operations involve maintaining strong relationships with suppliers, ensuring quality control, and managing inventory.

We also prioritize efficient distribution through various channels, including online platforms and retail partners, to deliver products to our customers in a timely manner.

Financial Projections Plan

In the Financial Projections Plan, lay out a clear and realistic financial future for your business. This should include detailed projections for revenue, costs, and profitability over the next three to five years.

Ground these projections in solid assumptions based on your market analysis, industry benchmarks, and realistic growth scenarios. Break down revenue streams and include an analysis of the cost of goods sold, operating expenses, and potential investments.

This section should also discuss your break-even analysis, cash flow projections, and any assumptions about external funding requirements.

By presenting a thorough and data-backed financial forecast, you instill confidence in potential investors and lenders, showcasing your business’s potential for profitability and financial stability.

This forward-looking financial plan is crucial for demonstrating that you have a firm grasp of the financial nuances of your business and are prepared to manage its financial health effectively.

Example: Over the next three years, we expect to see significant growth in revenue, driven by new product launches and market expansion. Our financial projections include:

• Year 1: $1.5 million in revenue, with a net profit of $200,000.
• Year 2: $3 million in revenue, with a net profit of $500,000.
• Year 3: $4.5 million in revenue, with a net profit of $1 million.

These projections are based on realistic market analysis, growth rates, and product pricing.

Income Statement

The income statement , also known as the profit and loss statement, provides a summary of your company’s revenues and expenses over a specified period. It helps you track your business’s financial performance and identify trends, ensuring you stay on track to achieve your financial goals.

Regularly reviewing and analyzing your income statement allows you to monitor the health of your business, evaluate the effectiveness of your strategies, and make data-driven decisions to optimize profitability and growth.

Example: The income statement for EcoTech’s first year of operation is as follows:

• Revenue: $1,500,000
• Cost of Goods Sold: $800,000
• Gross Profit: $700,000
• Operating Expenses: $450,000
• Net Income: $250,000

This statement highlights our company’s profitability and overall financial health during the first year of operation.

Cash Flow Statement

A cash flow statement is a crucial part of a financial business plan that shows the inflows and outflows of cash within your business. It helps you monitor your company’s liquidity, ensuring you have enough cash on hand to cover operating expenses, pay debts, and invest in growth opportunities.

By including a cash flow statement in your business plan, you demonstrate your ability to manage your company’s finances effectively.

Example:  The cash flow statement for EcoTech’s first year of operation is as follows:

Operating Activities:

• Depreciation: $10,000
• Changes in Working Capital: -$50,000
• Net Cash from Operating Activities: $210,000

Investing Activities:

•  Capital Expenditures: -$100,000
• Net Cash from Investing Activities: -$100,000

Financing Activities:

• Proceeds from Loans: $150,000
• Loan Repayments: -$50,000
• Net Cash from Financing Activities: $100,000
• Net Increase in Cash: $210,000

This statement demonstrates EcoTech’s ability to generate positive cash flow from operations, maintain sufficient liquidity, and invest in growth opportunities.

Tips on Writing a Business Plan

1. Be clear and concise: Keep your language simple and straightforward. Avoid jargon and overly technical terms. A clear and concise business plan is easier for investors and stakeholders to understand and demonstrates your ability to communicate effectively.

2. Conduct thorough research: Before writing your business plan, gather as much information as possible about your industry, competitors, and target market. Use reliable sources and industry reports to inform your analysis and make data-driven decisions.

3. Set realistic goals: Your business plan should outline achievable objectives that are specific, measurable, attainable, relevant, and time-bound (SMART). Setting realistic goals demonstrates your understanding of the market and increases the likelihood of success.

4. Focus on your unique selling proposition (USP): Clearly articulate what sets your business apart from the competition. Emphasize your USP throughout your business plan to showcase your company’s value and potential for success.

5. Be flexible and adaptable: A business plan is a living document that should evolve as your business grows and changes. Be prepared to update and revise your plan as you gather new information and learn from your experiences.

6. Use visuals to enhance understanding: Include charts, graphs, and other visuals to help convey complex data and ideas. Visuals can make your business plan more engaging and easier to digest, especially for those who prefer visual learning.

7. Seek feedback from trusted sources: Share your business plan with mentors, industry experts, or colleagues and ask for their feedback. Their insights can help you identify areas for improvement and strengthen your plan before presenting it to potential investors or partners.

FREE Business Plan Template

To help you get started on your business plan, we have created a template that includes all the essential components discussed in the “How to Write a Business Plan” section. This easy-to-use template will guide you through each step of the process, ensuring you don’t miss any critical details.

The template is divided into the following sections:

• Mission statement
• Business Overview
• Key products or services
• Target market
• Financial highlights
• Company goals
• Strategies to achieve goals
• Measurable, time-bound objectives
• Company History
• Mission and vision
• Unique selling proposition
• Demographics
• Psychographics
• Pain points
• Industry trends
• Customer needs
• Competitor strengths and weaknesses
• Opportunities
• Competitor products and services
• Market positioning
• Pricing strategies
• Organizational structure
• Key roles and responsibilities
• Management team backgrounds
• Product or service features
• Competitive advantages
• Marketing channels
• Advertising campaigns
• Promotional activities
• Sales strategies
• Supply chain management
• Inventory control
• Production processes
• Quality control measures
• Projected revenue
• Assumptions
• Cash inflows
• Cash outflows
• Net cash flow

What is a Business Plan?

A business plan is a strategic document that outlines an organization’s goals, objectives, and the steps required to achieve them. It serves as a roadmap as you start a business , guiding the company’s direction and growth while identifying potential obstacles and opportunities.

Typically, a business plan covers areas such as market analysis, financial projections, marketing strategies, and organizational structure. It not only helps in securing funding from investors and lenders but also provides clarity and focus to the management team.

A well-crafted business plan is a very important part of your business startup checklist because it fosters informed decision-making and long-term success.

Why You Should Write a Business Plan

Understanding the importance of a business plan in today’s competitive environment is crucial for entrepreneurs and business owners. Here are five compelling reasons to write a business plan:

• Attract Investors and Secure Funding : A well-written business plan demonstrates your venture’s potential and profitability, making it easier to attract investors and secure the necessary funding for growth and development. It provides a detailed overview of your business model, target market, financial projections, and growth strategies, instilling confidence in potential investors and lenders that your company is a worthy investment.
• Clarify Business Objectives and Strategies : Crafting a business plan forces you to think critically about your goals and the strategies you’ll employ to achieve them, providing a clear roadmap for success. This process helps you refine your vision and prioritize the most critical objectives, ensuring that your efforts are focused on achieving the desired results.
• Identify Potential Risks and Opportunities : Analyzing the market, competition, and industry trends within your business plan helps identify potential risks and uncover untapped opportunities for growth and expansion. This insight enables you to develop proactive strategies to mitigate risks and capitalize on opportunities, positioning your business for long-term success.
• Improve Decision-Making : A business plan serves as a reference point so you can make informed decisions that align with your company’s overall objectives and long-term vision. By consistently referring to your plan and adjusting it as needed, you can ensure that your business remains on track and adapts to changes in the market, industry, or internal operations.
• Foster Team Alignment and Communication : A shared business plan helps ensure that all team members are on the same page, promoting clear communication, collaboration, and a unified approach to achieving the company’s goals. By involving your team in the planning process and regularly reviewing the plan together, you can foster a sense of ownership, commitment, and accountability that drives success.

What are the Different Types of Business Plans?

In today’s fast-paced business world, having a well-structured roadmap is more important than ever. A traditional business plan provides a comprehensive overview of your company’s goals and strategies, helping you make informed decisions and achieve long-term success. There are various types of business plans, each designed to suit different needs and purposes. Let’s explore the main types:

• Startup Business Plan: Tailored for new ventures, a startup business plan outlines the company’s mission, objectives, target market, competition, marketing strategies, and financial projections. It helps entrepreneurs clarify their vision, secure funding from investors, and create a roadmap for their business’s future. Additionally, this plan identifies potential challenges and opportunities, which are crucial for making informed decisions and adapting to changing market conditions.
• Internal Business Plan: This type of plan is intended for internal use, focusing on strategies, milestones, deadlines, and resource allocation. It serves as a management tool for guiding the company’s growth, evaluating its progress, and ensuring that all departments are aligned with the overall vision. The internal business plan also helps identify areas of improvement, fosters collaboration among team members, and provides a reference point for measuring performance.
• Strategic Business Plan: A strategic business plan outlines long-term goals and the steps to achieve them, providing a clear roadmap for the company’s direction. It typically includes a SWOT analysis, market research, and competitive analysis. This plan allows businesses to align their resources with their objectives, anticipate changes in the market, and develop contingency plans. By focusing on the big picture, a strategic business plan fosters long-term success and stability.
• Feasibility Business Plan: This plan is designed to assess the viability of a business idea, examining factors such as market demand, competition, and financial projections. It is often used to decide whether or not to pursue a particular venture. By conducting a thorough feasibility analysis, entrepreneurs can avoid investing time and resources into an unviable business concept. This plan also helps refine the business idea, identify potential obstacles, and determine the necessary resources for success.
• Growth Business Plan: Also known as an expansion plan, a growth business plan focuses on strategies for scaling up an existing business. It includes market analysis, new product or service offerings, and financial projections to support expansion plans. This type of plan is essential for businesses looking to enter new markets, increase their customer base, or launch new products or services. By outlining clear growth strategies, the plan helps ensure that expansion efforts are well-coordinated and sustainable.
• Operational Business Plan: This type of plan outlines the company’s day-to-day operations, detailing the processes, procedures, and organizational structure. It is an essential tool for managing resources, streamlining workflows, and ensuring smooth operations. The operational business plan also helps identify inefficiencies, implement best practices, and establish a strong foundation for future growth. By providing a clear understanding of daily operations, this plan enables businesses to optimize their resources and enhance productivity.
• Lean Business Plan: A lean business plan is a simplified, agile version of a traditional plan, focusing on key elements such as value proposition, customer segments, revenue streams, and cost structure. It is perfect for startups looking for a flexible, adaptable planning approach. The lean business plan allows for rapid iteration and continuous improvement, enabling businesses to pivot and adapt to changing market conditions. This streamlined approach is particularly beneficial for businesses in fast-paced or uncertain industries.
• One-Page Business Plan: As the name suggests, a one-page business plan is a concise summary of your company’s key objectives, strategies, and milestones. It serves as a quick reference guide and is ideal for pitching to potential investors or partners. This plan helps keep teams focused on essential goals and priorities, fosters clear communication, and provides a snapshot of the company’s progress. While not as comprehensive as other plans, a one-page business plan is an effective tool for maintaining clarity and direction.
• Nonprofit Business Plan: Specifically designed for nonprofit organizations, this plan outlines the mission, goals, target audience, fundraising strategies, and budget allocation. It helps secure grants and donations while ensuring the organization stays on track with its objectives. The nonprofit business plan also helps attract volunteers, board members, and community support. By demonstrating the organization’s impact and plans for the future, this plan is essential for maintaining transparency, accountability, and long-term sustainability within the nonprofit sector.
• Franchise Business Plan: For entrepreneurs seeking to open a franchise, this type of plan focuses on the franchisor’s requirements, as well as the franchisee’s goals, strategies, and financial projections. It is crucial for securing a franchise agreement and ensuring the business’s success within the franchise system. This plan outlines the franchisee’s commitment to brand standards, marketing efforts, and operational procedures, while also addressing local market conditions and opportunities. By creating a solid franchise business plan, entrepreneurs can demonstrate their ability to effectively manage and grow their franchise, increasing the likelihood of a successful partnership with the franchisor.

Using Business Plan Software

Creating a comprehensive business plan can be intimidating, but business plan software can streamline the process and help you produce a professional document. These tools offer a number of benefits, including guided step-by-step instructions, financial projections, and industry-specific templates. Here are the top 5 business plan software options available to help you craft a great business plan.

1. LivePlan

LivePlan is a popular choice for its user-friendly interface and comprehensive features. It offers over 500 sample plans, financial forecasting tools, and the ability to track your progress against key performance indicators. With LivePlan, you can create visually appealing, professional business plans that will impress investors and stakeholders.

2. Upmetrics

Upmetrics provides a simple and intuitive platform for creating a well-structured business plan. It features customizable templates, financial forecasting tools, and collaboration capabilities, allowing you to work with team members and advisors. Upmetrics also offers a library of resources to guide you through the business planning process.

Bizplan is designed to simplify the business planning process with a drag-and-drop builder and modular sections. It offers financial forecasting tools, progress tracking, and a visually appealing interface. With Bizplan, you can create a business plan that is both easy to understand and visually engaging.

Enloop is a robust business plan software that automatically generates a tailored plan based on your inputs. It provides industry-specific templates, financial forecasting, and a unique performance score that updates as you make changes to your plan. Enloop also offers a free version, making it accessible for businesses on a budget.

5. Tarkenton GoSmallBiz

Developed by NFL Hall of Famer Fran Tarkenton, GoSmallBiz is tailored for small businesses and startups. It features a guided business plan builder, customizable templates, and financial projection tools. GoSmallBiz also offers additional resources, such as CRM tools and legal document templates, to support your business beyond the planning stage.

Business Plan FAQs

What is a good business plan.

A good business plan is a well-researched, clear, and concise document that outlines a company’s goals, strategies, target market, competitive advantages, and financial projections. It should be adaptable to change and provide a roadmap for achieving success.

What are the 3 main purposes of a business plan?

The three main purposes of a business plan are to guide the company’s strategy, attract investment, and evaluate performance against objectives. Here’s a closer look at each of these:

• It outlines the company’s purpose and core values to ensure that all activities align with its mission and vision.
• It provides an in-depth analysis of the market, including trends, customer needs, and competition, helping the company tailor its products and services to meet market demands.
• It defines the company’s marketing and sales strategies, guiding how the company will attract and retain customers.
• It describes the company’s organizational structure and management team, outlining roles and responsibilities to ensure effective operation and leadership.
• It sets measurable, time-bound objectives, allowing the company to plan its activities effectively and make strategic decisions to achieve these goals.
• It provides a comprehensive overview of the company and its business model, demonstrating its uniqueness and potential for success.
• It presents the company’s financial projections, showing its potential for profitability and return on investment.
• It demonstrates the company’s understanding of the market, including its target customers and competition, convincing investors that the company is capable of gaining a significant market share.
• It showcases the management team’s expertise and experience, instilling confidence in investors that the team is capable of executing the business plan successfully.
• It establishes clear, measurable objectives that serve as performance benchmarks.
• It provides a basis for regular performance reviews, allowing the company to monitor its progress and identify areas for improvement.
• It enables the company to assess the effectiveness of its strategies and make adjustments as needed to achieve its objectives.
• It helps the company identify potential risks and challenges, enabling it to develop contingency plans and manage risks effectively.
• It provides a mechanism for evaluating the company’s financial performance, including revenue, expenses, profitability, and cash flow.

Can I write a business plan by myself?

Yes, you can write a business plan by yourself, but it can be helpful to consult with mentors, colleagues, or industry experts to gather feedback and insights. There are also many creative business plan templates and business plan examples available online, including those above.

We also have examples for specific industries, including a using food truck business plan , salon business plan , farm business plan , daycare business plan , and restaurant business plan .

Is it possible to create a one-page business plan?

Yes, a one-page business plan is a condensed version that highlights the most essential elements, including the company’s mission, target market, unique selling proposition, and financial goals.

How long should a business plan be?

A typical business plan ranges from 20 to 50 pages, but the length may vary depending on the complexity and needs of the business.

What is a business plan outline?

A business plan outline is a structured framework that organizes the content of a business plan into sections, such as the executive summary, company description, market analysis, and financial projections.

What are the 5 most common business plan mistakes?

The five most common business plan mistakes include inadequate research, unrealistic financial projections, lack of focus on the unique selling proposition, poor organization and structure, and failure to update the plan as circumstances change.

What questions should be asked in a business plan?

A business plan should address questions such as: What problem does the business solve? Who is the specific target market ? What is the unique selling proposition? What are the company’s objectives? How will it achieve those objectives?

What’s the difference between a business plan and a strategic plan?

A business plan focuses on the overall vision, goals, and tactics of a company, while a strategic plan outlines the specific strategies, action steps, and performance measures necessary to achieve the company’s objectives.

How is business planning for a nonprofit different?

Nonprofit business planning focuses on the organization’s mission, social impact, and resource management, rather than profit generation. The financial section typically includes funding sources, expenses, and projected budgets for programs and operations.

Image: Envato Elements

Your email address will not be published. Required fields are marked *

© Copyright 2003 - 2024, Small Business Trends LLC. All rights reserved. "Small Business Trends" is a registered trademark.

• CRM Software
• Email Marketing Software
• Help Desk Software
• Human Resource Software
• Project Management Software
• Browse All Categories
• Accounting Firms
• Digital Marketing Agencies
• Advertising Agencies
• SEO Companies
• Web Design Companies
• Blog & Research

What is LivePlan ?

The #1 rated business planning and management software created to support the success of small businesses and entrepreneurs. Just starting your business? Easily create a polished, professional business plan in a format... Read More

Who uses LivePlan ?

LivePlan helps entrepreneurs and small-to-medium size business owners build dynamic business plans and track performance against their goals.

Capterra offers objective, independent research and verified user reviews. We may earn a referral fee when you visit a vendor through our links. Learn more

Compare with a popular alternative

Green rating bars show the winning product based on the average rating and number of reviews.

Other great alternatives to LivePlan

LivePlan Reviews

I liked how the data interacted with itself in the program. The ability for the program to keep track of changes in financial data as well as show the impact of those changes is unmatched.

Easy to use online and has a very good technical support. It is great that they keep your files or give files to you if you decided to cancel the account, that made me trust LivePlan more.

After one year in business, I revisited the plan and saw that my projections on revenue, margins and start up costs were spot on, thanks in part to this great software tool.

The end product is very detailed and professional looking. The best part of the software was the easy walk-through process, it made it very easy to enter data and return to revise it later.

Very limited scope and restricted input space.

I struggled with the financial forecast section. I'm bad with numbers, and really just this part in general, so a little more instruction around this area would have been nice.

Some of the financial portions were limited in the functionality I found I needed.

I needed to write a business plan for my investors. I was going nuts trying to create charts and properly format them.

Most Helpful Reviews for LivePlan

Vendor Response

/  CAPTERRA SHORTLIST

LivePlan is featured in 2 Capterra Shortlist rankings

Popular LivePlan Comparisons

• LivePlan vs Upmetrics
• LivePlan vs Xero
• LivePlan vs Intecplan
• LivePlan vs Smartsheet
• LivePlan vs Jira
• LivePlan vs NetSuite
• LivePlan vs Aha!
• LivePlan vs Dynamics 365
• LivePlan vs BQE CORE Suite
• LivePlan vs Deltek Costpoint
• LivePlan vs QVANTUM
• LivePlan vs Odoo
• LivePlan vs Sage Intacct
• LivePlan vs Oracle Fusion Cloud ERP
• LivePlan vs Agiled
• LivePlan vs SAP Business ByDesign
• LivePlan vs Xledger
• LivePlan vs SAP Business One
• LivePlan vs Accelo

Upmetrics AI Assistant: Simplifying Business Planning through AI-Powered Insights. Learn How

Entrepreneurs & Small Business

Accelerators & Incubators

Business Consultants & Advisors

Educators & Business Schools

Students & Scholars

AI Business Plan Generator

Financial Forecasting

AI Assistance

Ai Pitch Deck Generator

Strategic Planning

See How Upmetrics Works  →

• Sample Plans
• WHY UPMETRICS?

Customers Success Stories

Business Plan Course

Small Business Tools

Strategic Canvas Templates

E-books, Guides & More

Bizplan vs. Liveplan: Which is Best for Your Business?

What is Bizplan Used For?

Bizplan is one of the leading business plan software helping startups, entrepreneurs, and small business owners create business plans with direct access to planning experts.

This tool provides a guided business plan creator to streamline the writing process. This step-by-step builder breaks the tedious process into bite-sized pieces that you can actually complete.

Financial tools help create detailed projections and financial and cash flow statements in no time, so entrepreneurs can spend more time growing and scaling their businesses.

That’s not it. Once you’re done creating a business plan, you can directly share it with investors or use Fundable—their online fundraising platform, to raise capital for your business.

This platform has already helped raise over $500 million for startups.

Besides business & financial planning and fundraising tools, Bizplan provides guided courses on funding and direct access to a community of 20,000+ founders and experts.

Overall, Bizplan could be an excellent investment for startups and small businesses to create a comprehensive business plan. Still, it may lack in certain areas—like industry-specific guidance or assistance.

What is Liveplan Used For?

Liveplan is also a business planning and management software created to help entrepreneurs and small business owners succeed through strategic business planning. With tools like Liveplan, creating a business plan takes only a few hours, which used to take several weeks to complete.

This tool simplifies professional business plan creation with its instruction manuals, tutorials, and expert guidance, whereas its automated financials built-in with formulas ensure precise financial forecasting. 

With its robust financial and budgeting capabilities, users can easily track financial projections, create and manage budgets, and track the company’s financial health. In contrast, AI assistance helps write or improve content using artificial intelligence.

Overall, Liveplan provides a comprehensive suite of features including one-page plans, budgeting, financial reporting, collaboration tools, AI assistance, automatic financials, and others to create a seamless business planning experience.

However, you may need to look for other Liveplan alternatives considering its steep learning, limited financial analysis capabilities, and limited integrations.

Best Suitable for

Start with $20.75

Entrepreneurs, Startups, Small Businesses

Start with $15

SMBs, Consultants, Educators.

Start with $7

Startups, SMBs, Consultants, Educators.

At a Glance

If you compare some of these tools’ basic but essential functionalities, you can certainly make a better decision. Looking at the comparison chart, it becomes apparent that both tools stand very closely to each other.

For instance, considering value for money and features, Bizplan and Liveplan are close. Although, when it comes to ease-of-use customer support, Liveplan seems slightly ahead of Bizplan.

Have a look at the user ratings of Bizplan vs. Liveplan along with Upmetrics to get a better understanding of all the tools.

Quick Comparison

Now let’s dive deeper to understand these tools better to see which comes on top, Bizplan or Liveplan. If we compare some of the essential aspects of these tools, it will become apparent that Bizplan and Liveplan have different strengths and weaknesses.

Bizplan looks a little pricey, with its packages starting from $20.75, compared to Liveplan, which costs $15. However, it has unlimited team members and workspaces, which justifies its high pricing.

When considering basic features associated with a business planning tool like business plan builder, financial forecasting, and business plan templates, both Bizplan and Liveplan have all of them.

Still, Bizplan lacks features like a one-page pitch builder, AI Assistance, and Strategic planning. Not having a free trial or a demo plan is another drawback for both tools. Bizplan seems ahead with email, chat, and call support compared to Liveplan, as it lacks call support.

It’s hard not to mention that Upmetrics provides all the features, including AI assistance, making an incredible Bizplan alternative at an unbelievable price!

You can compare all the notable features of Liveplan vs. Bizplan along with Upmetrics to see which one is better.

• A Bizplan subscription includes access to self-guided courses, 650 expert masterclass videos , and 1,000+ how-to guides on business & financial planning.
• Unlike other business planning software, Bizplan offers a lifetime plan at $349 , which can be an excellent choice for business consultants.
• A fundraising platform to pitch your plan directly to investors—the platform has helped startups raise over $500 million in committed capital.
• While Bizplan offers templates and prompts for timely guidance, some users may find the platform lacking in customization options.
• According to some users, text-only sections offer you the freedom to write in any format, but the output isn't aesthetically structured , so there's no real advantage over Word.
• The process of creating a financial model is time-consuming and getting to grips with the platform can be a bit challenging.
• Writing a business plan is easy with its step-by-step guidance , AI Assistance , and industry-specific business plan examples.
• It provides industry benchmarks and suggests budget items to help you understand your market and make informed decisions.
• Its automated financials , built-in with formulas, help you automatically project your cash flow.
• It only connects to Xero and QuickBooks , and you have no control over the data or time period it syncs.
• Some users may find Liveplan challenging to try and figure out even after watching video tutorials and guides.
• Liveplan’s formatting options are a bit limiting in certain aspects of formatting. i.e., not providing font selection options.
• This web app simplifies the heavy lifting of thinking/planning of writing a business plan, pitch deck, etc.
• Even if you have never done a business plan, the step-by-step guides and template make it super easy to create a fantastic business plan in a couple of hours.
• Upmetrics’ AI Assistance is the best solution for business plan writing . It helps you auto-write, auto-improve, shorten-expand, and change the tone of your text.
• Upmetrics has a library of 400+ templates best for SMBs, but they should add a few more templates for small niche business types.
• Some users reported that financials are a bit complicated to follow, but this isn’t the case with only Upmetrics. Financial planning, in general, could be complicated for a beginner with any business planning software.
• Upmetrics is an excellent business planning tool. However, it’s not available in French or other regional languages, which can be a drawback for those who do not use English as a business language.

Pricing is one of the most vital aspects when comparing Bizplan vs. Liveplan or other tools. As both tools offer significantly different pricing plans, it’s a bit challenging to have a fair comparison.

Bizplan has three monthly, annual, and lifetime subscription plans, which cost $29, $249, and $349 , respectively. All these pricing plans include unlimited business plans, collaborators, and all features on Bizplan.

On the other hand, Liveplan has two subscription plans, standard and premium, which cost $15 and $30 per month on annual billing. Liveplan’s standard and premium plans provide access to 5 contributors to work on one business plan which is limiting compared to Bizplan.

However, Bizplan’s pricing plans aren’t customized to cater to specific audiences and may lack many advanced functionalities compared to Liveplan . 

Here’s a head-to-head comparison of all pricing plans, Liveplan vs. Bizplan along with Upmetrics to get a clearer view.

*Pricing is based on annual billing.

In-depth Business Plan Builder Comparison

Let’s take a look at the feature that can set any business planning software on solid ground—business plan builder.

Both tools offer a step-by-step guided business plan builder with necessary features, including drag-and-drop templates, business outlines, progress tracker, performance dashboard, and more. Though Bizplan lacks many advanced features like task management and a one-page pitch builder compared to Liveplan.

Though Liveplan seems ahead of Bizplan by offering these features, it lacks advanced functionalities like business plan version control, strategic planning, and a pinboard to organize ideas.

Upmetrics, however, does have all the general and advanced features necessary for business planning, making it a very reliable and affordable Bizplan alternative .

Here’s an in-depth comparison of Bizplan vs Liveplan’s business plan builder feature along with Upmetrics for a clear understanding.

In-depth Financial Planning Comparison

Financial planning is the most critical aspect of business planning. So it’s time to compare financial planning features of both tools.

Be it Liveplan or Bizplan, both tools offer excellent financial features and tools for accurate financial projections. Both tools include necessary features like financial reporting, dashboard, automatic financials, country currency formatting, and more.

However, Bizplan lacks some advanced forecasting functionalities like “what if” scenarios, real-time profit & cash forecasting, and integration with accounting software like Xero & QuickBooks.

Check out this table for Bizplan vs Liveplan comparison of financial forecasting features.

In-depth Step-by-step Guide and Templates Comparison

We compared the business plan builder and financial features of both planning software. Now it’s time to compare their step-by-step guides and business plan templates.

Both tools, Bizplan and Liveplan, offer business plan templates and step-by-step instructions to help you create a business plan. However, Bizplan lacks how-to articles & guides and webinars & events. Though Liveplan has these features, just like Bizplan, it lacks a thorough business planning course.

In contrast, Upmetrics provides all the necessary features , step-by-step guidance and includes a detailed course on business planning to help you out.

Here’s the table for the Bizplan vs Liveplan comparison of step-by-step guides and templates.

In-depth Collaboration Capability Comparison

You need a tool with excellent collaboration capabilities when working with a team. That’s why collaboration is yet another aspect of business planning tools we can’t afford to ignore.

Bizplan and Liveplan both have different pricing plans, so their collaboration capabilities have to be different. While both tools allow online sharing and access to unlimited guest viewers, Liveplan is limited to 5 team members . 

In contrast, with Bizplan, there’s no limit for team members and contributors as their plans allow unlimited team members to work on unlimited business plans. However, it is fairly expensive for this extra feature.

Following is a comparative chart of the collaboration capabilities, Bizplan vs. Liveplan, along with Upmetrics.

Transform Your Business with AI-Assisted Planning

Unlock the Power of AI for Your Business Success with Upmetrics.

Frequently Asked Questions

Is bizplan better than liveplan.

Bizplan and Liveplan are great business planning tools with necessary features, including step-by-step guidance, financial forecasting, and team collaboration. Compared with Liveplan, Bizplan is more expensive and lacks many critical features.

But both tools are pretty overpriced for startups and small business owners, considering their feature offerings.

What are Liveplan and Bizplan?

Liveplan and Bizplan are both diverse business planning tools helping entrepreneurs create investment-ready business and financial plans with advanced business planning features and step-by-step guidance.

What is better than Liveplan?

Liveplan is an incredible business plan software. However, Upmetrics provides all the advanced business planning features that Liveplan provides at a much more affordable price, making it a better Liveplan alternative .

Does Liveplan have a free version?

Liveplan doesn’t offer a free plan, trial, or demo. However, they do offer a 35-day money-back guarantee on all their plans. So you can get a refund if you don’t find it the right fit.

Do people still use Bizplan?

Yes, people still use Bizplan, as it has been in the space for quite some time now. However, Bizplan lacks many advanced functionalities and is relatively expensive compared to other tools in the market. So more and more users are migrating to more cost-effective tools like Upmetrics. It includes all the features Bizplan offers at a fraction of its price point.

Popular Templates

8 Business Plan Templates You Can Get for Free

8 min. read

Updated April 10, 2024

A business plan template can be an excellent tool to simplify the creation of your business plan. 

The pre-set structure helps you organize ideas, covers all critical business information, and saves you time and effort on formatting.

The only issue? There are SO many free business plan templates out there. 

So, which ones are actually worth using? 

To help remove the guesswork, I’ve rounded up some of the best business plan templates you can access right now. 

These are listed in no particular order, and each has its benefits and drawbacks.

What to look for in a business plan template

Not all business plan templates are created equal. As you weigh your options and decide which template(s) you’ll use, be sure to review them with the following criteria in mind:

• Easy to edit: A template should save you time. That won’t be the case if you have to fuss around figuring out how to edit the document, or even worse, it doesn’t allow you to edit at all.
• Contains the right sections: A good template should cover all essential sections of a business plan , including the executive summary, product/service description, market/competitive analysis, marketing and sales plan, operations, milestones, and financial projections. 
• Provides guidance: You should be able to trust that the information in a template is accurate. That means the organization or person who created the template is highly credible, known for producing useful resources, and ideally has some entrepreneurial experience.
• Software compatibility: Lastly, you want any template to be compatible with the software platforms you use. More than likely, this means it’s available in Microsoft Word, Google Docs, or PDF format at a minimum. 

1. Bplans — A plan with expert guidance

Since you’re already on Bplans, I have to first mention the templates that we have available. 

Our traditional and one-page templates were created by entrepreneurs and business owners with over 80 years of collective planning experience. We revisit and update them annually to ensure they are approachable, thorough, and aligned with our team’s evolving best practices.  

The templates, available in Word, PDF, or Google Doc formats, include in-depth guidance on what to include in each section, expert tips, and links to additional resources. 

Plus, we have over 550 real-world sample business plans you can use for guidance when filling out your template.

Download: Traditional lender-ready business plan template or a simple one-page plan template .

Brought to you by

Create a professional business plan

Using ai and step-by-step instructions.

Secure funding

Validate ideas

Build a strategy

2. SBA — Introduction to business plans

The U.S. Small Business Administration (SBA) offers two different business plan templates along with a short planning guide. 

While not incredibly in-depth, it’s enough to help you understand how traditional and lean plans are structured and what information needs to be covered. The templates themselves are more like examples, providing you with a finished product to reference as you write your plan.

The key benefit of using these templates is that they were created by the SBA. While they may provide less guidance, you can be assured that the information and structure meet their expectations.

Explore: The SBA’s planning guide and free templates

3. SCORE — Planning workbook

SCORE’s template is more like a workbook. It includes exercises after each section to help you get your ideas down and turn them into a structured plan.

The market research worksheets are especially useful. They provide a clear framework for identifying your target market and analyzing competitors from multiple angles. Plus, they give you an easy way to document all the information you’re collecting.

You will likely have to remove the exercises in this template to make it investor-ready. But it can be worth it if you’re struggling to get past a blank page and want a more interactive planning method.

Download: SCORE’s business plan template

4. PandaDoc — A template with fillable forms

PandaDoc’s library offers a variety of industry-specific business plan templates that feature a modern design flair and concise instructions. 

These templates are designed for sharing. They include fillable fields and sections for non-disclosure agreements, which may be necessary when sending a plan to investors.  

But the real benefit is their compatibility with PandaDoc’s platform. Yes, they are free, but if you’re a PandaDoc subscriber, you’ll have far more customization options. 

Out of all their templates, the standard business plan template is the most in-depth. The rest, while still useful, go a bit lighter on guidance in favor of tailoring the plan to a specific industry.

Explore: PandaDoc’s business plan template library  

5. Canva — Pitch with your plan

Canva is a great option for building a visually stunning business plan that can be used as a pitch tool. It offers a diverse array of templates built by their in-house team and the larger creative community, meaning the number of options constantly grows.

You will need to verify that the information in the template you choose matches the standard structure of a traditional business plan. 

You should do this with any template, but it’s especially important with any tool that accepts community submissions. While they are likely reviewed and approved, there may still be errors.

Remember, you can only edit these templates within Canva. Luckily, you only need a free subscription, and you may just miss out on some of the visual assets being used. 

To get the most value, it may be best to create a more traditional planning document and transfer that information into Canva. 

Explore: Canva’s business plan gallery

6. ClickUp — The collaborative template

Out of all the project management tools that offer free business plan templates, ClickUp’s is the most approachable.

Rather than throwing you into all the features and expecting you to figure it out—ClickUp provides a thorough startup guide with resource links, images, and videos explaining how to write a plan using the tool. 

There’s also a completed sample plan (structured like an expanded one-page plan) for you to reference and see how the more traditional document can connect to the product management features. You can set goals, target dates, leave comments, and even assign tasks to someone else on your team. 

These features are limited to the ClickUp platform and will not be useful for everyone. They will likely get in the way of writing a plan you can easily share with lenders or investors. 

But this is a great option if you’re looking for a template that makes internal collaboration more fluid and keeps all your information in one place.

Sign Up: Get a free trial of ClickUp and explore their template library

7. Smartsheet — A wide variety of templates

I’m including Smartsheet’s library of templates on this list because of the sheer number of options they provide. 

They have a simple business plan template, a one-page plan, a fill-in-the-blank template, a plan outline, a plan grading rubric, and even an Excel-built project plan. All are perfectly usable and vary in visual style, depth of instructions, and the available format.

Honestly, the only drawback (which is also the core benefit) is that the amount of templates can be overwhelming. If you’re already uncertain which plan option is right for you, the lengthy list they provide may not provide much clarity.

At the same time, it can be a great resource if you want a one-stop shop to view multiple plan types.

Explore: Smartsheet’s business plan template library  

8. ReferralRock affiliate marketing business plan

I’m adding ReferralRock’s template to this list due to its specificity. 

It’s not your standard business plan template. The plan is tailored with specific sections and guidance around launching an affiliate marketing business. 

Most of the template is dedicated to defining how to choose affiliates, set commissions, create legal agreements, and track performance.

So, if you plan on starting an affiliate marketing business or program, this template will provide more specific guidance. Just know that you will likely need to reference additional resources when writing the non-industry sections of your plan.

Download: ReferralRock affiliate marketing business plan template

Does it matter what business plan template you use?

The short answer is no. As long as the structure is correct, it saves you time, and it helps you write your business plan , then any template will work. 

What it ultimately comes down to, is what sort of value you hope to get from the template. 

• Do you need more guidance? 
• A simple way to structure your plan? 
• An option that works with a specific tool?
• A way to make your plan more visually interesting?

Hopefully, this list has helped you hone in on an option that meets one (or several) of these needs. Still, it may be worth downloading a few of these templates to determine the right fit. 

And really, what matters most is that you spend time writing a business plan . It will help you avoid early mistakes, determine if you have a viable business, and fully consider what it will take to get up and running. 

If you need additional guidance, check out our library of planning resources . We cover everything from plan formats , to how to write a business plan, and even how to use it as a management tool . 

If you don’t want to waste time researching other templates, you can download our one-page or traditional business plan template and jump right into the planning process.

See why 1.2 million entrepreneurs have written their business plans with LivePlan

Kody Wirth is a content writer and SEO specialist for Palo Alto Software—the creator's of Bplans and LivePlan. He has 3+ years experience covering small business topics and runs a part-time content writing service in his spare time.

Table of Contents

• Qualities of a good template
• ReferralRock
• Does the template matter?

Related Articles

12 Min. Read

Do You Need a Business Plan? Scientific Research Says Yes

10 Min. Read

14 Reasons Why You Need a Business Plan

6 Min. Read

Business Plan vs Business Model Canvas Explained

Use This Simple Business Plan Outline to Organize Your Plan

The Bplans Newsletter

The Bplans Weekly

Subscribe now for weekly advice and free downloadable resources to help start and grow your business.

We care about your privacy. See our privacy policy .

The quickest way to turn a business idea into a business plan

Fill-in-the-blanks and automatic financials make it easy.

No thanks, I prefer writing 40-page documents.

Discover the world’s #1 plan building software

Starting a Business | Buyer's Guide

6 Best Business Plan Software

Published June 10, 2020

Published Jun 10, 2020

WRITTEN BY: Blake Stockton

This article is part of a larger series on Starting a Business .

Business plan software gives you the tools to create financial projection tables, charts, and other documents you need to plan your business. Software is often better than using a free template because it gives you step-by-step directions and educational materials to help you complete a clear business plan. We review the best business plan software below so you can determine which software is right for your business.

The six best business plan software for 2020 are:

• LivePlan : Best overall business plan software for small and medium sized businesses
• BizPlan : Best for tech startups that need a business plan that appeals to investors
• Enloop : Best for entrepreneurs short on time and need recommended biz plan content
• GoSmallBiz.com : Best for a new small business that also needs marketing and operation tools
• Business Sorter : Best for visual thinkers who want to try an innovative approach to creating a plan
• PlanGuru : Best for businesses that need to create in-depth financial projections

How We Evaluated Business Plan Software

To evaluate the various business plan software, we reviewed factors we believe are essential no matter what type of business plan you’re creating. Primarily, we reviewed pricing and the availability of a trial or money-back guarantee. We also researched the business plan software overall quality and ease of use. Additionally, we reviewed customer service availability, additional services offered, and the quality of educational materials.

LivePlan: Best Overall Business Plan Software for Small Businesses

LivePlan is a well-designed software for business owners looking to create either a one-page plan or a lender-ready plan. What separates LivePlan from competitors is the extended money-back guarantee and quality of educational materials. The software has financial projections that are easy to complete and looks great as a finished product.

Visit LivePlan

LivePlan Pricing

• Pay As You Go : $20 per month
• Six-month Plan : $108 every six months
• 12-month Plan : $180 every 12 months

LivePlan Features

• One-page business plan: If you’d like to create a simple plan, LivePlan provides a fill-in-the-blank template to get your ideas down quickly.
• Educational materials: LivePlan walks users step-by-step through the business planning process with several video tutorials and examples.
• Financial data: As you answer financial questions, LivePlan populates easy-to-read financial charts and graphs.
• Customer service: Phone, email, and online chat support is available for customers Monday thru Friday from 8 a.m. to 5 p.m. Pacific time.

Why We Like LivePlan

LivePlan provides the necessary tools to get your biz plan created. If you’re creating your first business plan, the educational materials serve as a mini online course to help you complete your plan. LivePlan leads in its 60-day money-back guarantee—most guarantees are one to two weeks. Additionally, if you find that you cannot finish your business plan, LivePlan has a network of writers who can assist.

Bizplan: Best Business Plan Software for Tech Startups

BizPlan is a software aimed for high-growth startups. Typically, these types of businesses are looking to raise funding from an investor, not a bank. BizPlan provides several unique features including a drag-and-drop builder, startup educational materials, and access to a fundraising platform.

Visit Bizplan

Bizplan Pricing

• Monthly : $29 per month
• Annual : $20.75 per month ($249 per year)
• Lifetime Access : $349 one-time

Bizplan Features

• Drag-and-drop user interface: Create a business plan with the elements needed for your type of business.
• Online fundraising platform: Included with the business plan software is access to Fundable.com, an online fundraising platform that connects you to potential investors.
• Lifetime pricing: Bizplan is the only company that provides lifetime access for a one-time $349 fee.
• Startup courses: In addition to the biz plan software, receive access to over 650 videos and 1,000 how-to guides for creating a successful high-growth startup.
• Customer service : Phone, chat, and email availability Monday thru Friday from 9 a.m. to 9 p.m. Eastern time.

Why We Like Bizplan

BizPlan is perfect for the business looking to raise funds from an investor. One unique feature it provides is the “pitch” document. This doc outlines the most important aspects of your business. It’s easy to share with investors who want a snapshot of your business. We also like the positive online reviews regarding Bizplan’s customer service: fast response, and pleasant to work with.

Enloop: Best for Completing a Business Plan Fast

Enloop is an easy-to-navigate business plan software that focuses on helping customers get their plan completed quickly. It does this through its automated text and performance score that acts as a digital mentor. For an additional monthly fee, Enloop provides an analysis of your financial ratios, which help determine your company’s potential financial health.

Visit Enloop

Enloop Pricing

• Seven-day free trial (no credit card required)
• Detailed plan : $19.95 per month or $11 per month with annual payment
• Performance plan : $39.95 per month or $24 per month with annual payment

Enloop Features

• Automated text: The plan comes with standard business plan text that you can customize and any financial text gets updated automatically from the financial data.
• Financial ratios: Enloop does a great job explaining 16 different financial ratios that indicate the financial health of your business.
• Performance score: As you complete your business plan and enter your financial information, Enloop calculates a completion score from 0-100, which serves as motivation to complete the plan.
• Customer service: Enloop’s service is limited to messages and a help database.

Why We Like Enloop

Enloop provides several features that makes it an appealing business plan software. Users can complete their business plan quickly with their templated text. Enloop also saves time by having financial numbers discussed in the text updated automatically when changed in the financial data and tables section. We also like the one-week free trial that requires no credit card information to start.

GoSmallBiz.com: Best for Additional Small Business Tools

GoSmallBiz.com provides a comprehensive toolkit that those starting a new business will find helpful. In addition to the biz plan software, it provides a website, customer relationship management (CRM), text-based business consultations, and legal business documents. No other biz plan software offers this suite of tools—all for one cost.

Visit GoSmallBiz.com

GoSmallBiz.com Pricing

• Suite of business products : $39 per month

GoSmallBiz.com Features

• Business plan: Save time by choosing a business plan template specifically for your industry and then use a step-by-step wizard to complete it.
• Educational materials: As you create your business plan, you’ll find video tutorials teaching you about different sections of a biz plan.
• Unlimited business consultations: Submit your specific business questions to knowledgeable business consultants and receive an answer within two days.
• Other tools: In addition to the business plan, use GoSmallBiz.com’s software to do additional tasks such as building a website, tracking basic accounting, writing corporate minutes, and creating legal documents.
• Customer service : Available by phone Monday thru Friday from 9 a.m. to 7 p.m. Eastern time.

Why We Like GoSmallBiz.com

GoSmallBiz.com is perfect for the new small business owner looking to save on software needed for their business. We particularly like the ability to get answers specific to your business questions from business consultants. GoSmallBiz.com also has high-quality videos and educational materials throughout. For those new to entrepreneurship, learn best-practices through its downloadable app, videos, and blog.

Business Sorter: Best Business Plan For Visual Learners

Business Sorter uses an innovative card sorting system to help users determine what information needs to go in their business plan. If you’d like the plan to be a team effort, you can assign certain sections to individual employees. Business Sorter provides a test drive with a 14-day free trial with no credit card required to start.

Visit Business Sorter

Business Sorter Pricing

• Small Team : $10 per month or $80 per year (three users)
• Medium Team : $30 per month or $240 per year (10 users)
• Large Team : $80 per month or $640 per year (30 users)
• Enterprise : Customer (unlimited users)

Business Sorter Features

• Card sorter planning system: When first starting the business plan, you’ll be presented with 273 digital cards to sort through and prioritize what’s essential in your plan.
• Team-oriented: Assign certain portions of the business plan to specific employees via email.
• Multiple plans: Create up to 40 plans for your business or other businesses you own at no additional cost.
• Guidance: Business Sorter provides advice every step of the way so you can complete the fundamentals of your business plan in under two hours.
• Customer service : No phone support, but it does have email support, frequently asked questions, and a detailed biz plan guide.

Why We Like Business Sorter

We really like the innovative biz plan creation process behind Business Sorter. Instead of you trying to determine the most critical aspects of your business on your own, Business Sorter walks you through specifics for each section in 273 different digital cards. The desired cards— which indicate sections—then get added to your plan. We also like the overall ease of use and modern design of the software.

PlanGuru: Best for In-depth Financial Forecasting

PlanGuru is a software specially designed for financial analysis and forecasting. You may want to use this software if financial projections and budgeting is essential to your business philosophy and your type of business. With PlanGuru you can use over 20 different forecasting methods to better understand how your business may perform financially in the future.

Visit PlanGuru

PlanGuru Pricing

• Monthly : $99 per month
• Annual : $299 per year
• PlanGuru Launch : $250 an hour

PlanGuru Features

• Detailed financial analysis: Integrate the income statement, balance sheet, and cash flow statement into one comprehensive financial model.
• PlanGuru Launch: Hire PlanGuru to formulate a financial plan for your business and then learn from its experts about how to track and manage the plan.
• PlanGuru Analyst: This product is when PlanGuru sets up your financial plan, then tracks it for you, and sends updates—for a fixed monthly fee.
• PlanGuru University: This is a seven hour online class that teaches you how to understand and track the finances in your business.
• Customer service: A ticket submission service is available for customers.

Why We Like PlanGuru

For the financially-minded small business owner, PlanGuru has all the tools to implement and track your financial plan. The projections are typically the most challenging part of any business plan. Still, if you will ever need funding for your business, you must have the projections. Use PlanGuru University to learn more about your financials, and then “wow” investors with a detailed financial forecasting model.

Bottom Line

Now that you’ve read through the best business plan software available in 2020, it’s time to decide: which plan is best for you? For the typical small business, LivePlan will provide all the tools they need to write a funding-ready plan. A tech startup may want to consider BizPlan. If you want to write your plan quickly, choose Enloop. PlanGuru is best to complete detailed financial projections. Whichever software you choose, remember, business planning is an exercise to chart your business’s bright and exciting future!

About the Author

Find Blake On LinkedIn Twitter

Blake Stockton

Blake Stockton is a staff writer at Fit Small Business focusing on how to start brick-and-mortar and online businesses. He is a frequent guest lecturer at several undergraduate business and MBA classes at University of North Florida . Prior to joining Fit Small Business, Blake consulted with over 700 small biz owners and assisted with starting and growing their businesses.

Join Fit Small Business

Sign up to receive more well-researched small business articles and topics in your inbox, personalized for you. Select the newsletters you’re interested in below.

Liveplan vs. Growthink: Which To Choose & Why?

Written by Dave Lavinsky

Introduction

Choosing the right business planning tool is crucial for entrepreneurs and business owners. This article compares two popular options: Liveplan and Growthink , providing a comprehensive guide to help you make an informed decision.

Download our Ultimate Business Plan Template here >

Liveplan is a dynamic business planning and management software designed for entrepreneurs and small business owners. It streamlines business plan creation, offering a suite of features like automated financials, AI assistance, budgeting, financial reporting, and collaboration tools. However, it has a learning curve (that is, you need to spend hours learning how to properly use the software) and limitations in financial analysis and integrations.

Growthink is a seasoned professional services firm offering services like business plan consulting, investment banking, and more. Known for its business plan template, named Growthink’s Ultimate Business Plan Template , Growthink simplifies plan creation through a fill-in-the-blank process. Growthink’s business plan template includes integrated Microsoft Word and Excel templates. There is no learning curve. You simply answer questions in the Word document and type in numbers into the Excel template and your business plan is complete. Because it uses Word and Excel documents, Growthink’s template is fully customizable, unlike Liveplan.

Suitability

• Liveplan : Ideal for Small and Medium Businesses (SMBs), Consultants, Educators.
• Growthink : Best suited for Entrepreneurs, Startups, SMBs, Consultants, Educators.

Comparison at a Glance

• User Ratings : Both tools have close user ratings, with Liveplan excelling in functionalities and Growthink excelling in functionalities and customer support.
• Features : Liveplan offers advanced software features (which unfortunately the vast majority of business owners and entrepreneurs don’t need), whereas Growthink focuses on features allowing users to most quickly and easily complete their business plans.
• Pricing : Growthink’s business plan template includes a one-time fee. Once you purchase it, you own it for life, and can use it for your current business now and in the future, and for any other businesses you might launch in the future. Conversely, Liveplan is offered via a subscription, so customers need to pay Liveplan month after month after month.

In-Depth Comparison

Business plan builder.

• Liveplan excels with features like progress trackers, and a pitch builder.
• Growthink offers a customizable template that allows you to quickly and easily complete your business plan. It is less focused on features to track your progress in the future.

Financial Planning

• Liveplan allows for simple financial planning and integration with accounting software like QuickBooks and Xero. If you have unique financial planning needs, Liveplan will not be able to accommodate you.
• Growthink provides automatic financials in Excel format, making it infinitely customizable for your business as needed.

Step-by-Step Guide and Templates

• Liveplan includes industry-specific templates and instructional resources.
• Growthink offers a structured outline and in-depth guidance.

Collaboration Capabilities

• Liveplan supports online sharing and allows multiple collaborators.
• Growthink allows unlimited users to work on your plan.
• Liveplan is offered via a subscription, so customers need to pay Liveplan month after month after month..
• Growthink includes a one-time fee. Once you purchase it, you own it for life.

Choosing between Liveplan and Growthink depends on your specific needs and budget. Liveplan is a comprehensive tool for business planning, especially beneficial for small businesses and entrepreneurs requiring advanced software capabilities and looking to track their growth over time (and who are willing to pay Liveplan every month). Growthink offers a much more streamlined approach to completing your business plan. The template is laser focused on allowing users to quickly and easily complete their business plans, and offers unlimited customization that Liveplan does not.

From Idea to Foundation

Master the Essentials: Laying the Groundwork for Lasting Business Success. 

Funding and Approval Toolkit

Shape the future of your business, business moves fast. stay informed..

Discover the Best Tools for Business Plans

Learn from the business planning experts, resources to help you get ahead.

LivePlan is an online business planning tool known for its user-friendly interface and comprehensive features. It offers guided business plan creation, including financial projections and performance tracking. LivePlan is particularly useful for startups and existing businesses looking to develop detailed business plans and track their progress. Its step-by-step approach simplifies the process of creating financial projections, making it accessible even to those without a financial background. The platform also allows for collaboration, making it a valuable tool for teams working on a business plan together.

Welcome to Businessplan.com

Currently in beta test mode.

Products available for purchase are placeholders and no orders will be processed at this time.

Let’s craft the ultimate business planning platform together.

Have questions, suggestions, or want a sneak peek at upcoming tools and resources? Connect with us on X or join “On the Right Foot” on Substack .

This site uses cookies from Google to deliver its services and to analyze traffic.

Ok, Got It.

Privacy Policy