It's the only tool that helps entrepreneurs track their progress with a unique dashboard specifically designed for small business. Pamela Slim Business Coach and Author of Escape from Cubicle Nation I worked with many entrepreneurs who felt like planning would slow them down and restrict choices. After I shared LivePlan, they realized the opposite was true:
Once you are set up, it brings you to a screen where you can punch in the liveplan business plan software review basics.
You can choose how long to make the forecast for and how detailed you want it to be. I think this is great and pretty flexible for a variety of people. The LivePlan Pitch is beautiful, easy, and easy to make. I also like how you can publish it to a unique url and allow potential investors or lenders check it out online.
Here is the example Pitch on the LivePlan website. You can also check out a pitch I made and posted in my article — Breaking Down the Pitch You can see how you punch in just a little information and LivePlan punches out an amazingly beautiful pitch that you can print, make into PowerPoint or publish online for free.
It includes a summary of every section of your plan and puts it together in an easily consumable presentation that anyone can read in a minute or two. It can be published online with a private link so you can send it to potential investors or lenders. It took forever and I honestly hated every second of it.
Writing the plan with LivePlan was actually kind of fun. There were good descriptions for every section, and it just pulls you along every step of the way. There are instructions, video, and examples for every section to help you get through the writing process.
I found it extremely easy and quick to move through the writing process. There were literally over a dozen sample plans in my specific field. They claim to have over sample plans, and I believe it. Sections and Headers are easily customizable.
You can add, subtract, or change them. You can export the plan into a number of beautiful looking pdf templates Cons: You can only export the most basic template into a Word document. Forecasting with LivePlan I thought forecasting was pretty straightforward.
Punching in assets, monthly expenses, and incomes were all very simple and easy. It walks you through the information you need and…then it auto fills your forecast accurately.
I like how you can make it constant for something like rents or utilities, or make varying amounts over time. Expenses can be made constant, variable by direct input, or directly related to a revenue stream. So, you can definitely account for variable costs and fixed costs.
It is very quick and easy to add data points to the forecast. You just need to punch in income and expenses, the software calculates everything else. There were a couple small quirks, especially related to real estate. I hope these will be fixed soon and I can edit this section.
You can set a Additionally, you can choose to show the forecast without depreciation for assets accumulated during the period, but anything added prior to the start of the forecast must be depreciated.
In real estate investing, depreciation is always added back in to determine your income. Everything else has functioned very well so far so I have no reason to doubt the quality. I was able to get in and manually enter some forecasts though.
Check out this video to get an idea how the Scoreboard works: LivePlan Benchmarks I must say that my favorite thing was the benchmarks. For the first time ever I was able to see some of how other companies numbers look like.This article is part of our “ Business Planning Guide “ —a curated list of our articles that will help you with the planning process!
What is a business plan? In its simplest form, a business plan is a guide—a roadmap for your business that outlines goals and details how you plan to achieve those goals.
LivePlan is a great business planning tool that helps users create viable business plans from mere ideas. With its user-friendly system, users can easily plan their strategies, throw impressive pitches for approval and funding, and then track their progress.
Review: LivePlan business planning service LivePlan is an online service for entrepreneurs who need to develop a business plan.
Consultant Chip Camden gives his opinion about whether LivePlan is. Get inspired with our gallery of over example business plans. Choose the category that is closest to your own business or industry, and view a plan you like.
LivePlan includes all business plan samples, so you can easily reference any of them when you’re writing your own plan. If you’re. Liveplan is top-notch web-based business plan writing software.
You can create excellent business plans, put them into PDFs, presentations, and even pull out just the pitch portion of the plan. It is the best business plan software this author has ever used.
To give you an idea of what banks specifically focus on when reviewing a loan request, the Toos & Forms section contains a sample business loan application form that is typical of the kind of documentation you'll need to complete as part of your loan application package..
We also include an internal bank loan review form used by one small community bank to make its own review of a small.