7 Best Business Plan Software: Pros, Cons, and Prices

When it comes to starting or growing a business, a solid business plan is crucial. Fortunately, there are plenty of business plan software options out there to help you create a professional and comprehensive plan. To make your choice easier, we've compiled a list of the 7 best business plan software in 2023, complete with pros, cons, and prices. So, let's dive in and find the perfect solution for your needs!

Best Business Plan Software

Best Business Plan Software


LivePlan

Price: $20/month (billed annually) or $30/month (billed monthly)

Pros:

  • Easy-to-use interface with step-by-step guidance
  • Over 500 sample business plans to choose from
  • Integrates with accounting software, like QuickBooks and Xero
  • Advanced financial forecasting tools

Cons:

  • Limited customization options for templates
  • Can be expensive for users who need it only for a short time
LivePlan is a popular choice for both novice and experienced entrepreneurs. With its user-friendly interface and vast library of sample plans, you can quickly create a professional business plan.

The advanced financial forecasting tools allow you to make data-driven decisions, while the software's integration with popular accounting software streamlines the process.

Bizplan

Price: $29/month (billed annually) or $49/month (billed monthly)

Pros:

  • Modular, drag-and-drop interface for easy customization
  • Comprehensive financial projections and analysis tools
  • Access to a community of entrepreneurs for advice and support
  • Progress tracking with goal-setting features

Cons:

  • No free trial available

Limited selection of templates compared to competitors Bizplan offers a modular approach to business plan creation, allowing you to easily customize your plan by dragging and dropping sections.

This software also provides robust financial tools and access to a community of fellow entrepreneurs for support. However, Bizplan does not offer a free trial, and its template selection is somewhat limited compared to other options.

Upmetrics

Price: $9.99/month (billed annually) or $12/month (billed monthly)

Pros:

  • Affordable pricing
  • Wide range of templates and examples
  • Collaborative features for team projects
  • Export plans in multiple formats (PDF, Word, Excel)

Cons:

  • No integration with accounting software

Financial forecasting tools not as advanced as competitors Upmetrics is an affordable option for creating a business plan, with a wide range of templates and examples to choose from. Its collaborative features make it ideal for team projects, and you can export plans in multiple formats.

However, it does not integrate with accounting software, and its financial forecasting tools are not as advanced as some competitors.

Tarkenton GoSmallBiz

Price: $39/month (billed monthly)

Pros:

  • Comprehensive suite of business tools, including CRM, website builder, and more
  • Created by NFL Hall of Famer and entrepreneur Fran Tarkenton
  • Unlimited consultations with business experts

Cons:

  • Higher price point compared to competitors
  • Limited number of templates
Tarkenton GoSmallBiz offers a comprehensive suite of tools to help you manage and grow your business, including CRM, website builder, and more.

In addition to the business plan software, you'll also have access to unlimited consultations with business experts. However, the higher price point and limited number of templates may be a drawback for some users.

Enloop

Price: Free (Basic); $9.95/month (Advanced); $39.95/month (Professional)

Pros:

  • Free basic version available
  • Automated financial forecasts and text writing
  • Performance score to gauge the strength of your plan
  • Customizable financial ratios

Cons:

  • Limited features in the free version
  • No collaboration features for team projects

Enloop offers a free basic version that includes automated financial forecasts and text writing, making it an excellent option for budget-conscious entrepreneurs.

Its performance score feature helps gauge the strength of your plan, while customizable financial ratios allow for personalized analysis. However, the free version comes with limited features, and there are no collaboration options for team projects.

IdeaBuddy

Price: $15/month (billed annually) or $20/month (billed monthly)

Pros:

  • Guided business model canvas creation
  • Comprehensive financial projections
  • Visual roadmap for tracking milestones and tasks
  • Collaboration features for team projects

Cons:

  • No integration with accounting software
  • Limited template selection
IdeaBuddy offers a guided approach to creating a business model canvas, making it easy for users to visualize their ideas. With comprehensive financial projections and a visual roadmap for tracking milestones, IdeaBuddy helps you stay organized and focused.

The collaboration features make it ideal for team projects. However, it lacks integration with accounting software, and the template selection is limited.

PlanGuru

Price: Starts at $99/month (billed annually)

Pros:

  • Advanced financial analysis tools, including cash flow forecasting Integrates with QuickBooks and Xero
  • Flexible budgeting and forecasting options
  • Designed for small businesses, nonprofits, and financial professionals

Cons:

  • Expensive compared to competitors
  • Steeper learning curve for new users

PlanGuru is a powerful business plan software designed for small businesses, nonprofits, and financial professionals. It offers advanced financial analysis tools, including cash flow forecasting, and integrates with popular accounting software.

PlanGuru's flexible budgeting and forecasting options make it a top choice for those looking for comprehensive financial planning. However, its higher price point and steeper learning curve may be a barrier for some users.

Conclusion

Choosing the right business plan software for your needs can make all the difference in creating a successful and comprehensive plan. These 7 options each have their unique pros and cons, catering to different preferences and budgets.

Consider factors like ease of use, available templates, financial analysis tools, and integration with other software when making your decision. By selecting the right tool, you'll be one step closer to achieving your business goals.
James Oliver

James is a tech-savvy professional and enthusiast. He writes content that gives readers the insights and information they need to understand how tech impacts your life, workplace, and world.

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