6 Best Business Planning Software & Tools for 2020 (Review)

Best business planning software & tools
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Managing a new or existing business is tough and requires complex procedures, professional business planning with expensive experienced employees otherwise, you may have to count thousands of dollar loss. This is not a job, business is your liability. Anything goes wrong, you are the one who is going to suffer the most. Because you have invested your hard-earned money.

Therefore, your intention should be “how to manage your business more effectively and efficiently”. That includes generating new ideas, forming a powerful business strategy, building an effective marketing blueprint, creating a website, and incorporating business entry. All of these must-have to handle smartly and timely which requires vast knowledge and previous experience that much new business simply does not have.

However, you are not in 1990. Luckily you are in 2020, an era where digital technology is simply rising. You do not need to have prior experience in business planning & also no need to hire expensive experts to handle the complex task timely and effectively. Instead, you can leverage the power of business software, which is far more effective and efficient than any human in this world.

With Business Planning Software, you can do the following things:

  • Incorporate a business entity & forming a business plan
  • Generate a powerful marketing plan beforehand
  • Manage accounting & tax calculation & documents
  • Build smart analysis report, financial projection & business forecast
  • Run your entire business from a single command center

In this guide, I will walk you through all the best business planning software I have used before. These are all effective and efficient to handle business planning & executing. I have ranked them based on affordability, usefulness, effectiveness, efficiency, user-interface & deployment. Let’s dig in.

Which One is the Best Business Planning Software?

Which one is best is subjective. It depends on your affordability & needs. I will describe each of them as detailed as possible, however, you are the one who has to decide which one suited you most.

1. LivePlan

A Smart way to Build a Professional Business Plan – 60 Days Free Run

LivePlan is a good solution for planning your business in advance

One of the most simple yet professional looking business planning software. If you can write in MS Word documents then you can build a business plan using this software.

Before you even get started, there is a piece of good news. You can try this software before investing in it for straight 60 days without even showing your credit card information.

I already said that, if you can write in an MS Word document then you can build a business plan. And I think even a kid can do it. First, I will talk about “One-Page Business Planning”. It is the most amazing thing for a startup. In this planning page, all details will be presented professionally. 

Your business name, description & logo. The opportunity you have. Target markets, competitors, how you are going to advertise your business. The funding you need to incorporate. Your sales channels, marketing activities. Financial projections, milestones you want to achieve. Your team members & partners.

Building a One-Page Professional Business Plan is Easy 1-2-3

Using LivePlan you can build a professional business plan with a single click

A one-page business plan is great for a startup and displays your plan to team members and partners. It’s so small & simple that anyone can read it & understand it within 60 seconds at most. And to build this one-page business plan you may need a maximum of 60 minutes.

Another interesting feature is the “Step by step guide”. The software will ask you several questions and by answering those, will complete a business plan for you. No need to think and write. Let the software do this for you.

If you run out of ideas then there are 500+ readymade business plans available for you to check. Just pick one that suited your need to get started. Automotive, transportation, health, food, education, etc.

You do not have to hire an expert accountant or financial analyst to forecast your business cash flow. LivePlan has an “Automatic Financials” option which has the same feature as building a business plan. Just answer a few questions about your financial plans and you will get an accurate budget plan with automatic financial forecast and future cash flows.

Get Idea from Sample Plans to Build Your Own

No need for brainstorming, just pick a sample plan & you are good to go

Finally, you can collaborate with your entire team members. Share in pdf format. No need to hire an expert to build a business profile so you can get funds from investors. There are ready-made SBA approved templates available for you to use.

And with this software, you can get all detailed analysis completely automatic by A.I powered the system. Revenue, expenditure, profit margin, forecasting, cash flow all types of analysis can be done automatically. You can input competitors’ data to compare performance with your business as well.

Pricing Model:

An exclusive 60-days free run (no credit card)

  • Monthly Plan: $20 per month
  • 6 Months Plan: $18 per month (10% discount)
  • Yearly Plan: $15 per month (25% discount)
LivePlan subscription model

2. Bizplan

Perfect Place to Plan a Business & Get Funded from Investors

BizPlan could be your ultimate solution for business planning & get funded from investors

Bizplan is not just another business planning software, it also gives you access to global investors to raise funds for your startup business.

Though they do not have any trial option, however, they are offering you more than that. An entire University for startup business where experts are sharing their knowledge in a course format. Articles, videos, and courses, all are free.

When it comes to planning business you no longer have to hire an expert who has many years of previous knowledge & experience. With their “Guided Business Plan Creator,” anyone can create a business plan. It will ask you several questions and build a business plan for you. Easy as a piece of cake. Or you can create by yourself, a simple interface like an MS Word document. 

The drag & drop feature allows even the most novice computer user to create a professional-looking business plan. Stunning visuals can be added from the library & the progress tracker will help you to complete all the necessary steps.

No Need to Become an Expert to Create a Professional Business Plan

With guided business plan creator even a 7-year old kid can create a professional business plan

After you created an initial business plan, it is time to create a detailed financial plan. For example, revenue projection, expenditure estimates, profit margin calculation, cash flows break down, gross margin, salary calculation, working capital availability, VAT & Tax calculation, etc.

In general, you would have to hire a Chartered Accountant for this type of complex task. However, now you do not have to. Don’t forget that you are in the digital era. Everything can be done with modern technology software. Just tell it what is your financial goal, how you want to proceed. That’s it. A.I powered technology software will calculate everything within a moment and give you a full professional report that would take 1-2 weeks for a Chartered Accountant.

Describe What You Want & Software will Design a Financial Plan for You

With automation system, software will help you to create a powerful in-depth business plan within hours

Finally, after everything is completed you can have access to global investors who are ready to finance you. Yes, Bizplan offers you free access to Fundable. So you can display your business plan and raise funds from online investors. More than $500 million funds have been raised since opening. This is a great chance before you even started anything.

And if you need expert advice, they have an entire University completely free. You can access it, without even registering an account. 650 classes & 1,200+ guides awaiting for you to learn about startup business planning & running.

Pricing Model:

  • Monthly Plan: $29 per month
  • Yearly Plan: $20.75 per month (discounted)
  • Lifetime Access: $349 (one-time)
BizPlan subscription model

3. Business Plan Pro (Now LivePlan)

Stand-alone Business Planning Software – 60 days Money Back

Business Plan Pro is best solution when you want a stand alone software

Business Plan Pro is the predecessor of LivePlan. Though still, you can use this stand-alone software if you don’t want to pay an on-going subscription plan every month & year.

It has a 60-days money-back guarantee. Thus, you can test it out without anything to worry about.

If you already used LivePlan then this software should be familiar to you. It has a step-by-step guide to help you to get started. No need to tackle complex planning procedures, instead just answer a few questions about your business i.e. what type of business you want to start, your budget goal, profit margin target, niche, etc. That’s it. The software will take care of the rest automatically.

No matter what type of business plan you want to design you can do it with this software. Not only that, it offers you a 500+ readymade business planning template to get you started. Clothing, education, food, real estate, professional service, non-profit, retail, hotels, home-based business anything you can ever imagine.

In-house Business Planner to Deal All Complex Task

With Business Plan Pro you can do almost all complex task of business planning

With step-by-step guidelines, you can complete a professional-looking business plan. But how about financial planning with complex calculations? Tax & VAT, salary calculation, revenue, expenditure, profit margin, gross margin, inventory calculation, etc. There are hundreds of complex tasks like these in a business, that are impossible to solve without prior experience.

No need to hire expensive employees or experts for this task. With this software, all can be done in complete automation. All you have to do is describe your financial goals. The software will automatically calculate all these complex tasks and give you a fully detailed financial report, projected cash flow statements, etc.

Finally, you may not have proper knowledge about legal issues when incorporating a new business. Do not have to visit an expert or lawyer, just follow the guidelines that the software provides you along with all the necessary documents you require to form a new business entity.

Everything You Need to Build a Professional Business Plan

No need to hire professional or expert personnel for business planning

After you incorporate a new business, your task is not over. It’s just the beginning. Now you have to measure business performance with varieties of analysis reports that are impossible to do without accounting knowledge. Again no need to hire employees to handle those tasks. Business Plan Pro can provide you with all the analysis reports you want within a matter of moments & 100% accurate. So, you can make an informed decision based on that.

Pricing Model:

  • Standard: $99.95 (one-time)
  • Premier: $159.95 (one-time)
  • Now only $20 per month (yearly plan)

4. PlanGuru

Not Just a Business Planning Software but University – 30 Days Free Run

PlanGuru not only a business planning software but also a University to learn more

PlanGuru is different from all other business planning software. It has allowed you to build a professional business plan within a matter of moments as well as learn from PlanGuru University (PGU). PlanGuru is registered with the National Association State Boards of Accountancy (NASBA). CPR credits of 7 hours. The subject area is Finance, Management service, Computer software & app.

Additionally, you can get access to this software for a straight 30-days. Enough to evaluate the product.

PlanGuru business planning software design for 3 major tasks. Strategic planning, budgeting, and financial analytics with the rolling forecast. You can do everything your business requires, from developing a business plan, then launch it from the ground & then maintaining all its tasks.

In business, there are 3 major financial statements always needed from small to the largest organization. The income statement, financial statement & cash flow statement. All can be done with this software, all you have to do is fill out the proper information.

Learn Everything about Business Planning & Managing

Learn about professional business planning & managing

There are 20+ forecasting methods you can use to project your business for up to the next 10 years. To get the idea of how your business will run with current planning. An excellent way to measure the future performance of your business.

Within a matter of moments, you can analyze your business performance with various useful metrics. Scenario analysis is a unique feature that allows you to test your business performance in different financial events to measure its robustness.

If you use QuickBooks, QuickBooks Online, Xero & Excel sheets for your business then you can easily import all the data to PlanGuru software with one click.

A.I Powered Virtual Financial Manager & Analyst

Get a virtual assistant for your business management & planning

They have a section of video tutorials created by business management experts for you to learn from home. If you never used this type of business planning software then these videos can be handy tools. How to set up the software, adding a new company, adding a consolidation analysis, how to import data from other accounting software.

How to use this software to prepare a balance sheet, income statements, reporting, and analysis, etc.

Pricing Model:

  • Monthly Plan: $99 per month ($29 per additional user)
  • Yearly Plan: $899 per year ($299 per additional user)

They have both desktop software as well as the app.

PlanGuru subscription plan

5. GoSmallBiz

All-in-One Solution for Business Planning, Management & Marketing

GoSmallBiz is a all in one solution for business planning, marketing & management

GoSmallBiz is not just a business planning software but it covers almost everything you require for your business from beginning to end. 

By using their service, you can plan for your business through a step-by-step guide. Get consultancy from industry experts within 48h timeframe. Build a website for business, email marketing, SMS marketing, lead tracking, social media marketing, Google analytics integration, business performance analysis, audience tracking, HR documents builder, employee handbook, corporate minute writer, etc.

As you can see, they are offering almost everything you would require for business management. However, only one drawback, you are not getting any free trial to test their service. Though it’s a problem their service fee is cheap compared to other business planning software. Only $39 per month.

Systematic Guideline Wizard will Build a Smart Business Plan

Step by step guideline to build a powerful business plan

Their business planning software is very easy to use. It’s an award-winning planning software. With varieties of industry-specific business planning templates, you can build almost any type of business plan within a moment. You won’t have to brainstorm for where to start & how to build it. There is a step-by-step guideline wizard that will ask you a few questions and based on your answer it will draw a base plan for your business.

Shortly after you create a business plan, the software will draw future projections of your business based on your financial goals. In this projection, it will show you future possible financial events i.e. revenue, expenditure, gross profit margin, etc. By doing so you can get an idea of how your base plan will perform in near future. This is an excellent way to improve your base plan.

Still even after that, if you need experts’ help you can get it within 48h of asking any question. It’s like having your mentor along with you all the time.

Get Valuable Advice from Business Experts within 48 hours

Stuck & need business consultation? No worries, get an unlimited business consultation from industry experts within 48 hours

Not only business planning & consultancy with business experts. If you need to build a professional-looking business website, you can do it with a simple drag & drop feature. No need to worry about hosting providers they are giving you that offer too.

Then when you need to start your online marketing, you can get help as well. Email marketing & social media marketing solution is already packed for you in this package. Do not look for additional CRM solutions, it’s here as well.

So I ask you, is there anything left you to need for your business. Well, I don’t think so. It’s a full packed solution.

Pricing Model:

  • Monthly Plan: $39 per month

That’s it, no complication. Just one simple package to cover all your requirement.

GoSmallBiz subscription plan

6. Enloop

Simple Business Planning & Writing Software – 7 Days Free Run

Enloop is a powerful business planning & writing software

Creating a professional business plan along with financial forecasting can be easily done with Enloop software. If you need to prepare your financial statements then look no farther, this software can do it in complete automation. Even writing an entire business profile can also be done with it.

If you want to test out before investing, then there is good news for you. Straight 7 days free trial available & no credit card required. Just register a free account & you are good to go.

If you can open a Facebook account then you can create a professional business plan with this software. Nothing is complex here. Simple & easy to use interface will guide you to add your new business information.

No More Complication to Write Business Profile – Let it be Automated

Automatic business profile creation is helpful & fast

Adding your business information is easy. However, have you ever seen a business profile? There are thousands of words you have to write with financial & legal terms. The most troublesome part is, every single time you update any financial information you have to edit the whole document. Too much time-consuming work. Thanks to the Enloop software now there is nothing you have to do. Just fill the form and thousands of text will be generated in complete automation. Every time you update anything, the text will be updated automatically.

Now let’s talk about financial reporting. There are 3 major financial reports. Income statements, financial statements & cash flows statements. Creating these 3 reports requires vast experience and knowledge in accounting, otherwise, you have to hire expensive employees like a Chartered Accountant to do that. Well, none of these you have to do. Why? Because this software will do everything automatically and 100 times faster than humans.

Advance Financial Analysis & Report Creation in Complete Automation

Automatic financial reporting is the best feature of Enloop

You have built a professional business plan then create all financial reports however, you still need forecasting or future projections reports for predictions. Every business has to plan ahead in time to get an advantage in the upcoming financial event. Just like financial reports, this software can prepare a complex forecasting report that would otherwise be needed to hire an expensive financial expert to do that.

You can add your business team members to collaborate on all tasks and documents from this platform.

Pricing Model:

  • Detailed Plan: $19.95 per month & $11 per month (55% discount if paid annually)
  • Performance Plan: $39.95 per month & $24 per month (60% discount if paid annually)
Enloop subscription plan

Executive Summary

This is the digital era of 2020, modern technology advancement that changes everything. We no longer read books, we read ebooks. We are not interested in the newspaper anymore, rather getting news from the website is much faster. So, why don’t businesses take advantage of technology? Exactly, this is why we should use business-planning software.

Back then in 1990 & before that, people had to struggle to make a simple business plan by hiring expensive financial experts like Chartered Account. Creating financial reports and forecasting, would take a huge time & not error-free. But, now using business planning software you can do it almost instantly and 100% accurately guaranteed. Reducing your expenditure significantly would otherwise be impossible back then without this technology.

Some Features I recall about Business Planning Software:

  • A step-by-step guide to preparing a professional business plan
  • Hundreds of pre-made business planning templates to get started
  • Fully automated financial & forecasting reports
  • Funding option available for your business (global investors)
  • Easy drag & drop interface to handle all tasks
  • Easy team collaboration system (secure channel)
  • An Entire University to learn about business planning and management
  • Building a professional business website
  • Easy integration with other third-party business software
  • Online marketing i.e. email & social media marketing integration

Ultimately, you can do almost anything you need for your startup or established business.

Further Reading on Cliobra: for your startup business CRM software can be useful to manage the sales and marketing department, read my guide about “Best CRM System to Manage Business for 2020 (Review)”. Also for managing the different tasks, there is no alternative to scheduling software, I recommend you to read this guide as well “Best Scheduling Software for Personal/Business in 2020 (Review)”.