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By building your own plan, you’ll be forced to learn how the whole thing works, what investors are looking for, and what all the terms means.
When you go into the bank, you’re going in with a clear message about what you do, who buys it, and how much you’re expecting them to spend with you over time.
To help you pull a plan together, there are – of course – plenty of software solutions. You can opt for a solution that basically just lays the material you create out or one that helps you with every step of the process.
You’re not paying, so you’re the product – but it’s a pretty tame version of the old adage.
Strat Pad comes with follow along instructions and ends up generating a very clean and classic looking business plan.
A business plan tells you – and anyone you decide to share it with – what your core function is.
What are you going to bring to the marketplace that no one else is providing or how are you going to provide an existing product in a “better” fashion? Even if you’re just going to be making websites in your bedroom, you’ll need some money for internet access, food, and some software or hosting.The SBA has a great set of instructions on how to get up to speed before you head down to your bank.Many major banks have free business planning tools to help you get started.In the same way that a blueprint is the physical manifestation of a building plan, a business plan is the physical manifestation of your business goals.Could you build a house without drawing up a blueprint? Is it a super good idea that we’re all about to adopt? In addition to putting your own thoughts on paper and making the organization process more structured, a good business plan is also your pitch.There, business coaches, accountants, and other professionals can connect with new businesses.Those leads generate a small fee from the professional, paid to Strat Pad.Enloop also makes it easy to collaborate on plans, and the free version of the service gives you one additional user.You’ll be able to forecast up to 36 months out for financials, and all of it can be dropped into a PDF. Plan Cruncher isn’t really a business plan software.Enloop is another free option for those seeking a single business plan.The company attempts to bring a little bit of credibility with its offering by scoring your business plan.