In all of these cases, the business owner has to do something that can be scary: become a business document management expert by creating a structured document (that is, a business plan) with lots of numbers and compelling prose, with the awareness that this pitch is make-or-break for the company's vision. It's hard to express your product's unique selling points, analyze competitors' strengths and weaknesses, and back up your assertions about why you need this much money. In my pre-journalistic life, I wrote two in-depth business plans.
One plan taught me that I didn't have what it took to pull off that project and the other plan got my startup business accepted by a VC conference.
Business plans are more than just the paperwork you need to fill out for funding.
A good business plan helps you identify your mission and your value proposition.
That's because the next step can be both difficult and labor-intensive, namely writing a coherent business plan.
Going from random napkin-notes to an organized, thorough plan to get your business started, funded, and generating revenue for the foreseeable future can be a mammoth undertaking, especially for beginners and even more so for people trying to go it alone.Fortunately, there's plenty of help if you know where to look, especially if what you really need is a written business plan that simply communicates a clear vision.This will help you attract the right people and resources to implement your idea.We test 10 business plan creation tools that help you build and track your organization's future.Many of us have been there: That sudden epiphany in the shower or at a bar chatting with friends.So, people write business plans in order to acquire funding or to document the company's intended direction.That is, you want a bank loan, VC funding, or other help to get your startup off the ground.This is a "nice-to-have" feature for some businesses but an irrelevant one for others. Helpful Advice Even if the business plan software solution gives you places to plug in data (think "Mad Libs" for businesses), ultimately you need a good idea (you're on your own, there) and to understand the information investors want to see.As with tax preparation software, it's reassuring when the business planning software solution defines terms, provides sample data, and explains the sort of information expected in each field..text-center .add-to-compare .fa-plus .add-to-compare h4.checklist i.invisible .star-review .last-review-date, .no-pricing-info, .total-integrations .tooltip.bottom .tooltip-arrow .compare-shadow @media (min-width: 1200px) .Writing a business plan is a daunting enough prospect but it’s hard to imagine a guide through that jungle that could be more helpful or comprehensive than this.