Start Your Business Business Plans The Best Online Business Plans

The Best Online Business Plans

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The Best Online Business Plans

Successful entrepreneurs know that getting the details down on paper is critical before starting any new venture. For help in the planning stages, many new owners use an online business plan service. Such services provide potential investors with details on how a new business will become profitable. Online business plan software offers the tools and templates needed to create a professional presentation that can be put in front of prospective backers to demonstrate where you want your venture to go and how you plan to get there. The best services provide financial calculators and chart generators to help crunch numbers and illustrate the business' vision in a quantifiable manner. They also offer a number of additional features such as performance graphs and goal achievement monitors that let business owners track their progress and make necessary changes along the way.

Our sister site, TopTenREVIEWS, does extensive in-depth reviews of online business plan services. Here are the Top 3 recommendations for online business plan services:

#1 LivePlan

LivePlan earned this year's TopTenREVIEWS Gold Award for simplifying the business plan writing by providing access to the work and materials from any computer with an internet connection. For those launching their first venture, the service guides them through each step. By incorporating teaching into the writing process, LivePlan produces not only an exceptional business plan, but also a more informed entrepreneur.

Document Generation Tools: Chief among the document generation tools offered by LivePlan are the table generators such as sales forecasts, budgets and profit and loss statements. Each part of the LivePlan Financial Plan section contains an easy-to-use table generator for the specific table type desired by the business owner. The service also gives advanced business owners the option of operating in its "Full Financial Mode."

Guidance Resources: LivePlan walks users through each section of their business plan, giving precise instructions for developing each component. The service divides the writing into chapters, including Executive Summary, Company, Products and Services, Target Market, Strategy and Implementation, Financial Plan and Appendix. Each section contains specific instructions on what needs to be included and examples of what investors and lenders are looking for. Each section also has video tutorials.

Costs: To compare costs, visit TopTenREVIEWS best online business plan services here.

 

#2 BizPlan

BizPlan earns high marks for providing a step-by-step process that's accessible to users of all skill levels. While new users have resources to learn what they need, business veterans have the tools required to formulate a business plan without unnecessary handholding. A highlight is the service's overall compatibility with other widely used applications such as Excel and cloud-based document creation and sharing services like Google Docs. Additionally, it integrates with social media sites such as LinkedIn and Twitter.

Document Generation Tools: For beginners, the BizPlan service provides a step-by-step guide to creating a business plan, making the process of building from scratch easy. In addition, BizPlan allows users to share and coproduce their business plan with an unlimited number of partners – even those who many not be central authors on the document but still have important content contributions, such as a lawyer or financial advisor.

Guidance Resources: The entire service is set up to guide users through the process with as little pain as possible. In addition to building the business plan, Bizplan offers investor information to help kick-start the hunt for funding. As users move through the process, each section is clearly labeled and explained in order to remove the ambiguity many entrepreneurs battle when they create their first business plan.

Costs: To compare costs, visit TopTenREVIEWS best online business plan services here.

 

#3 PlanHQ

PlanHQ is well regarded not only for helping users write a business plan, but also assisting in executing it and setting business goals. Through a unique approach of couching almost everything in the context of goal setting, the service helps business owners fully understand exactly what needs to take place in order to start a successful business. The service also enables users to collaborate with business partners, identify demographics and size up the competition.

Document Generation Tools: PlanHQ offers a number of tools, such as financial calculators and chart generators. The service generates all these documents within the context of goal setting. In addition, the documents are dynamic as opposed to static pie charts and graphs.

Guidance Resources:While PlanHQ is excellent at helping users plan and achieve their goals, it doesn't provide much in the way of actual business advice.

Costs: To compare costs, visit TopTenREVIEWS best online business plan services here.

See full online business plan services reviews at TopTenREVIEWS. See BusinessNewsDaily’s Small Business Resource Center for more business reviews.

Follow Chad Brooks on Twitter @cbrooks76 or BusinessNewsDaily @BNDarticles. We're also on Facebook & Google+.

Chad  Brooks
Chad Brooks

Chad Brooks is a Chicago-based freelance writer who has nearly 15 years experience in the media business. A graduate of Indiana University, he spent nearly a decade as a staff reporter for the Daily Herald in suburban Chicago, covering a wide array of topics including, local and state government, crime, the legal system and education. Following his years at the newspaper Chad worked in public relations, helping promote small businesses throughout the U.S. Follow him on Twitter.

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