How to choose the best business plan software for you
Whether you’re a startup entrepreneur or operating an established business, creating a business plan is a non-negotiable step on the journey to finding success.
Business plans serve all kinds of purposes. You could have an idea for a start-up and want to test its profitability before throwing all your hard-earned cash into it. Or maybe you’re at the helm of a franchise and need to manage dozens of locations, or a consultant advising a multinational client on expansion - either or which way - you’ll need a business plan to guide you in the right direction.
Choosing the right business plan software is like finding the right pair of jeans. They come in all different shapes and sizes to cater to different needs. So it’s important to think about your specific objectives and pick the software that places the best focus on them.
In this guide, we’ll take a deep dive into the main uses of business plan software and how to pick the right one for you - whether you’re just getting started in business or manage multiple companies.
Picking the best business plan software for you
Business planning software is beneficial for a variety of users. Some of the most common include:
- Startup entrepreneurs
- Existing small businesses
- Franchises and groups
- Consultants and accountants
- Charities and not-for-profit organisations
- Equity investors
- Real estate investors
In the sections below we’ll look at each specific use case in more detail and identify their required capabilities so that you can pick the best business plan software for you.
1. Best business plan software for startup entrepreneurs
If you’re taking your first steps as a new startup, business plan software will be invaluable in helping you set and achieve key milestones.
Requirement #1: test out different business models and check how they hold up financially
Whether you have an idea for the ‘next big thing’, or simply want to launch a shop or restaurant that’ll land well in your local town: your brilliant idea won’t succeed unless it's viable financially.
In this instance, business plan software is pretty useful. You can try multiple business models, testing out a range of different costs, investments, and revenue models. You can then compare the financial forecasts of each business model using a scenario analysis tool found within some business plan software to identify the most promising one.
Requirement #2: create an accurate financial forecast
Once you've picked your business model, you’ll need to create an accurate and realistic financial forecast.
Starting a business is risky, getting your forecast right is therefore paramount. You'll need to find a business plan software that let you model accurately the different financial elements of your business (payment terms, inventory, VAT/GST, etc.) in order to get a clear picture of your cash flows over the next three to five years.
The best business plan softwares can handle any business models, no matter how complex they may be, and take things a step further by offering feedback on your financial forecast to help you assess if it's realistic or not.
Some solutions compare your business model to the industry average. Whilst this is a useful for established businesses with several locations throughout the country, it’s not particularly helpful for a start-up as:
- You are exposed to a single location, with a local market which might be very different than the average location in your country
- As a startup without an existing client base, you might have very different financials than the average established business in your industry.
The best business plan softwares have algorithms that analyse your forecast, providing you with a quality score and highlighting any areas of concern.
So if you’re launching a start-up, we recommend choosing business plan software that uses forecast analysis tools to give you feedback on your forecast. You can then make adjustments to refine your business model where necessary.
Requirement #3: pin down how much cash is needed to launch
Many investments are needed to launch a start-up, including the deposit for the rent, the price of furniture, and the licenses required for operating a business, etc.
Funding for these comes from many sources: founders’ equity, shareholders’ loans, and loans given by financial institutions.
If you need to secure financing from a bank or an investor to launch your business, one of the first things they will want to see is a sources and uses table.
The sources and uses table is a summary table which highlights: where the startup capital is coming from (sources), how it will be spent and how much cash will be left on balance sheet at the start of your business plan (uses).
Viewing the sources and uses table enables your lenders and investors to analyse how the business is funded and to make sure that the risks are distributed fairly between the stakeholders.
The best business plan software will quickly aggregate the different financial elements of your business, (from investments and inventory, to loans and grants) to generate an easy-to-read sources and uses table and an opening balance sheet that indicates how much cash is available from the start of your plan.
Requirement #4: write a compelling business plan to reel investors and lenders in
Whether you’ve dipped deep into your own pocket or already secured a loan to lift your business off the ground, you’ll likely always be open to welcoming anyone who sees the value of your business idea (and wants to get involved financially) with open arms.
The right solution enables you to share the vision of your business with others.
This needs to be done in a way that’s structured and compelling - so investors and potential business partners reading your business plan feel excited at the prospect of joining you on your journey.
Most business plan softwares start with a detailed outline that includes all the sections required for a business plan (paired with clear instructions and examples) to guide you through the process of writing your plan.
They also let you easily break down your figures into attractive charts and tables. The best business plan softwares even lets you add a personal touch to your plan by offering various colour schemes and a striking cover page, creating a business plan that’s bound to stand out from the crowd.
Requirement #5: be inspired by ready-made business templates
If you’d rather not start on a blank slate, the best business planning softwares enable access to ready-made business plan templates. These templates are often available across a wide range of industries, enabling the user to adopt a similar business model by swapping out its features with those of their own business.
Requirement #6: stress test scenarios to see how much headroom you have
No matter how accurate your financial forecast is, things don’t always go as planned. Once your forecast is complete, you’ll want to check out how much headroom you have before you’re in danger of coming into financial difficulty.
The best business plan software will let you do this by helping you create worst-case financial scenarios and compare them to your base case to test the robustness of your business model. You can then prepare an effective action plan if things go south.
Requirement #7: compare your forecasts against actuals to ensure you are on track
You'll need to keep tabs on your business' performance as the year goes on, so we recommend using a tool that lets you track your business plan against your accounting data.
The best business plan softwares make tracking easy for you, by linking up with your accounting software so your accounting data can be automatically imported every day.
This means you can compare your actuals against your new financial forecast and make sure that your business stays on track to meet its targets for the year ahead.
Requirement 8: collaborate with colleagues and advisors
Asking your whole team to do their part in developing your business plan and financial forecast will help ensure they're as realistic as possible.
When creating your financial forecast, you'll want your cofounders to be involved and contribute using their expertise. This will also be useful from an operational perspective, as being involved in this process will help make sure that everyone is on board with the business' financial objectives.
The best business plan software enables you to give many users access to your business plans. Some even let you grant different permissions, meaning certain users can only read and comment without being able to change the data.
Recommended feature set for the best business plan software for startup entrepreneurs
How does The Business Plan Shop software fare in terms of offering these important features? Let's find out...
Feature | Importance | Handled by The Business Plan Shop |
---|---|---|
FORECASTING | ||
Create an accurate forecast and get a complete set of financial statements (P&L, balance sheet and cash flow) | Must have | Yes |
Model complex elements in your chart of accounts (such as advanced payments, deferred costs, or provisions) |
Recommended | Yes |
Compare financial scenarios side by side to make the best decisions | Recommended | Yes |
Automated analysis and detection of anomalies in your forecast | Recommended | Yes |
KEEPING TRACK OF YOUR FORECAST | ||
Track forecasts against actuals to make sure you are delivering on your business plan | Recommended | Yes |
Import actual or historical data from spreadsheets via CSV | Recommended | Yes |
Import actual or historical data from accounting software | Recommended | Yes |
WRITING A BUSINESS PLAN | ||
Detailed outline following the structure lenders and investors like to see | Must have | Yes |
Customize the colour scheme of your business plan to match your brand | Recommended | Yes |
Numbers and metrics in your text update automatically when your forecast changes | Recommended | Yes |
Access business plan templates so that you don’t need to start your plan from scratch | Recommended | Yes |
COLLABORATION | ||
Collaborate with colleagues and advisors | Recommended | Yes |
Control who can view or edit data at business plan level | Recommended | Yes |
Think The Business Plan Shop could be the best business plan software for your startup? Sign up for a free trial of our software to find out.
Best business plan software for existing small businesses
Just like the infamous puppy slogan ‘A dog is for life, not just for Christmas’ holds true, business plan software isn’t just for start-ups. Existing businesses can benefit from business plan software just as much.
Having a tool that enables you to neatly set your objectives for the financial years ahead and keep track of them is key to keeping your business in good financial health and getting to where you want to go.
Requirement #1: create and update forecasts as your business evolves
We already know that creating a financial forecast is vital in ensuring that your business can meet its objectives for the years ahead.
If you’re already in operation, some business plan softwares allow you to slash the time spent on creating a whole new forecast from scratch and use existing accounting data as a starting point.
Once created, you have the freedom to go back and change the forecast as you see fit. Want to hire another sales person? Or pump more money into your marketing budget? Maybe you made more sales than anticipated over the summer? You can account for these changes in your forecast by adjusting them directly in the software, receiving an updated financial forecast within seconds.
Requirement #2: track your forecasts to stay on target
Consistency is key when it comes to growing a business, so you’ll need a mechanism that enables you to easily track your performance as the year passes to ensure you stay on target.
The best business planning solutions let you do just that. By integrating your accounting software (whether it be Xero, QuickBooks or another platform) to the business plan software, your accounting data can be automatically imported every day. This enables you to regularly track your old financial statements against your new financial forecast, ensuring you’ve set realistic targets for the financial year ahead.
Requirement #3: plan your worst and best-case scenarios
The longer you’ve been in business, the more used you get to taking calculated risks. Experience doesn’t necessarily make it any less daunting, but business plan software can.
By giving you easy access to all your business’ financial data, you can make decisions based on the facts rather than simply gut feeling.
The best business plan softwares have scenario analysis features. These give you the gift of foresight by letting you explore the impact of different financial decisions before they’re made.
Not sure whether you can afford to hire a new marketing person or pay a loan back early? Create a new scenario and compare it to your base case to see how it would impact your profitability and cash flow, and you’ll be able to make the right financial decision quickly and with confidence.
Requirement #4: collaborate with business partners, team members and consultants
No man is an island. And every business counts on its employees, shareholders, and consultants to survive and thrive. So it’s important to keep them in the loop.
Getting everyone involved is an effective way to create as accurate a financial forecast as possible, as you can ask different departments to take the lead in their specialised areas. You may want the head of sales to prepare your sales forecast and the head of HR to work on the recruitment budget, for example.
The best business plan software allows multiple users to access and contribute to your business plans. You can set different permissions for users, this ensures that the data you want to keep private, stays private.
The best business plan software also enables users to communicate with one another via threaded notes and comments. This lets you easily bounce ideas off each other, have a clear overview of what other people are working on, what hypothesis they used and quickly review any changes made to your plan.
Requirement #5: store all your data in one central and secure place
As your business grows, you’ll collect increasingly more data about its financial and operational aspects. While this will prove invaluable in helping you figure out your next steps, keeping track of data coming in from all sides of your business is no easy task.
This is why business plan software often enables you to centralise your business’ historical, financial, and operating data in one secure place. With you and your colleagues having access to a single source of financial truth for your business, you quickly make decisions based on what’s right in front of you.
As your business develops, your priorities will change. For example, you may have had your sights set on geographic expansion but had to put that on hold to prioritize building your online platform to adapt to the pandemic.
The best business plan software lets you keep old business plans, so that you don’t have to start from scratch when old projects are back on the agenda.
Requirement #6: convert the numbers into an attractive business plan
Business owners are always on the lookout for capital to grow their business. Having access to software, therefore, that can quickly generate an attractive business plan is key.
Once your financial forecast is created, you can contextualise your numbers by breaking them down into a written summary of your business’ objectives. Often including a striking cover and contents page, custom themes and vibrant charts and tables to break up the text, business plan software helps you create a plan likely to catch the attention of investors or lenders.
Requirement #7: Track key performance indicators (KPIs)
As your business grows, you'll want to track key performance indicators (KPIs) to ensure that its heading in the right direction.
The best online financial software lets you do this with ease.
Recommended feature set for the best business plan software for existing small businesses
How does The Business Plan Shop software fare in terms of offering these important features? Let's find out...
Feature | Importance | Handled by The Business Plan Shop |
---|---|---|
FORECASTING | ||
Create and update forecasts as your business evolves - no need to start from scratch! | Must have | Yes |
Model complex elements in your chart of accounts (such as deferred costs or provisions) |
Recommended | Yes |
Plan your worst and best-case scenarios to make the best financial decisions | Recommended | Yes |
Automated analysis and detection of anomalies in your forecast | Recommended | Yes |
KEEPING TRACK OF YOUR FORECAST | ||
Track forecasts against actuals to ensure you've set realistic targets for the financial year ahead | Recommended | Yes |
Import actual or historical data from spreadsheets via CSV | Recommended | Yes |
Import actual or historical data from accounting software | Recommended | Yes |
WRITING A BUSINESS PLAN | ||
Detailed outline (with custom themes and vibrant charts and tables) that converts the numbers into an attractive plan | Must have | Yes |
Numbers and metrics in your text update automatically when your forecast changes | Recommended | Yes |
COLLABORATION | ||
Collaborate with colleagues and advisors | Recommended | Yes |
Control who can view or edit data at project level | Recommended | Yes |
Think The Business Plan Shop could be the best business plan software for your small business? Sign up for a free trial of our software to find out.
3. Best business plan software for franchises and groups
As your business grows bigger, so too do your responsibilities. Keeping track of one restaurant isn’t quite the same as keeping track of ten. So you need access to a secure database where you can manage and coordinate the financial forecasts of multiple entities.
Requirement #1: handle multiple companies with one standardised solution
Owning and operating a group means having to constantly create financial projections for each company within its grasp - but ensuring that they follow the same format so they can be easily tracked by team members across the board.
The best business plan softwares make this easy, as you can create a standard format that can be used for all entities within your group.
Requirement #2: consolidate across multiple currencies
Having standardised forecasts for each company under the group's umbrella is useful, but you also need a view of the consolidated group.
The more businesses you have operating under one umbrella, the more time-consuming and tedious financial and consolidation becomes. The best business plan softwares for groups enable you to aggregate individual forecasts into a consolidated entity.
You can then turn your consolidated forecast to create a robust long-term plan that works at the group level.
Requirement #3: compare into the performance of all your subsidiaries
Benchmarking will also become a priority as your franchise expands. So you’ll need a business planning solution that enables you to analyse and compare the performance of each franchisee. This will allow you to zoom in and identify any weak spots so your franchise remains competitive across the board.
Requirement #4: bounce ideas off colleagues and advisors
Owning a franchise means hiring more senior members of staff to operate each new entity as your franchise expands.
While it’s important to have a space where the managers of your different companies can report to you and communicate with one another, it also needs to be secure. The best business plan software seals communication by giving the CFO control over who can access the account with the freedom to set specific permission controls for different users.
As your franchise grows, you’ll likely need to check in with advisors when making certain financial decisions. With business plan software, you can share access to your plan with them. This allows them to clearly see the data in question and make recommendations by commenting directly in the software.
Recommended feature set for the best business plan software for existing franchises
How does The Business Plan Shop software fare in terms of offering these important features? Let's find out...
Feature | Importance | Handled by The Business Plan Shop |
---|---|---|
FORECASTING | ||
Handle multiple companies by creating a standardised financial forecasting format | Must have | Yes |
Easy consolidate these forecast to get a birdseye view of the financial performance of the whole group | Recommended | Not yet (but it's on our roadmap) |
BENCHMARKING | ||
Easily analyse and compare the performance of each franchisee so your business remains competitive across the board | Recommended | Yes |
WRITING A BUSINESS PLAN | ||
Detailed outline (with custom themes and vibrant charts and tables) that converts the numbers into an attractive plan | Must have | Yes |
Numbers and metrics in your text update automatically when your forecast changes | Recommended | Yes |
COLLABORATION | ||
Collaborate with franchise managers and advisors | Recommended | Yes |
Control who can view or edit data at the company level | Recommended | Yes |
Think The Business Plan Shop could be the best business plan software for your franchise? Sign up for a free trial of our software to find out.
4. Best business plan software for accountants and consultants
Having to cater to different clients’ needs is a key part of being an accountant or consultant, but juggling a wide variety of financial statements and staying in the loop with all clients at once can be tricky.
Using business plan software will streamline the process of creating forecasts for your clients by centralising their data in one secure database and improving your productivity so you can seriously level up your game.
Requirement #1: templatise your financial statements
Advising a range of different businesses also often means creating a wide variety of financial forecasts. To prevent you from having to create financial forecasts from scratch each time, we recommend finding a solution that lets you model specific business structures and store them as templates. This will help you power up your productivity and save hours of your time.
This feature is useful for large consultancy firms. With your team working on a range of different business plans, use the same format for each to ensure your brand image remains strong and consistent.
Requirement #2: model any element in your clients’ chart of accounts
You may have a flair for creating complex formulas, but they still take time - especially when you have dozens of clients asking you to model their financial forecasts.
Most business plan softwares will let you model standard elements like fixed or variable costs on sales. The best business plan softwares however, take things a step further by handling everything in the chart of accounts.
This includes everything from deferred costs, to variable costs based on different drivers and loans with variable interest rates. Investing in a solution that will automatically model these complex costs will free up your time to approach more clients or go the extra mile for your existing ones.
Requirement #3: collaborate and stay connected to clients
The best business plan software enables you to create secure projects for each client. Here, clients have their data saved in one centralised database with the ability to ask their accountant to grant access to whichever collaborator they wish.
Gone are the days of frantically looking through spreadsheets to find the latest version of a client’s forecast ahead of a meeting. Simply click into the project, access their hypothesis, and either leave threaded comments that your client can reply to, or give them a call and have a chat with the data right there in front of you both.
How about if a key contributor to the business plan suddenly leaves the company or takes some time off? Having a central database makes it easy for whoever is acting in that colleague’s place to pick up where they left off.
Entering data to create financial forecasts can be time-consuming. That’s why the best business plan software makes the process more streamlined by enabling your clients to prepopulate the forecast with their main assumptions. Your job is then to simply review these assumptions, make the necessary adjustments and polish the plan.
The best business plan software breaks down barriers by giving your clients direct access to their plans. Instead of having to go through you each time a small adjustment is needed, they can simply log in and tweak the numbers themselves. Meaning you can use your time more efficiently.
This type of business plan software also increases your chances of being able to nurture long-term relationships with clients. As using the software makes them more financially savvy, they’ll be less likely to run into financial difficulties and stay a valued customer for longer. They may also decide to expand, creating more business for your firm.
Recommended feature set for the best business plan software for accountants and consultants
How does The Business Plan Shop software fare in terms of offering these important features? Let's find out...
Feature | Importance | Handled by The Business Plan Shop |
---|---|---|
FORECASTING | ||
Efficiently tend to a wide range of businesses by templatising your financial statements | Must have | Yes |
Model complex elements in your clients' chart of accounts | Recommended | Yes |
Help your clients make the best financial decisions by preparing them for worst and best-case scenarios | Recommended | Yes |
Automated analysis and detection of anomalies in your forecast | Recommended | Yes |
COLLABORATION | ||
Collaborate with and stay connected to clients | Recommended | Yes |
Give your clients' editing permission so they can prepopulate the forecast with their main assumptions, ready for you to review | Recommended | Yes |
Think The Business Plan Shop could be the best business plan software for your accounting or consulting firm? Sign up for a free trial of our software to find out.
5. Best business plan software for charities and not-for-profit organisations
The end goals of a charity may not be quite the same as that of a business. Where a business focuses attention on making profit, for example, a charity directs its attention to benefiting people in need. Nevertheless, it’s important to manage a charity’s cash flow the way you would a business - which is where business plan software comes in useful.
Requirement #1: stay accountable
The main reason why a charity needs a business plan is accountability. People entrust charities to take their money and use it in a charitable way. So by mapping out the best way donations can be put to good use, a business plan keeps a charity on track with its objectives.
The best business plan software lets you build your charity’s financial forecast which you can then easily assess from a dashboard. This dashboard will award your forecast with a quality score, highlighting strengths and areas of concern. With the ability to access the software, trustees can read over the analysis and suggest improvements to ensure the charity achieves its goals for the year ahead.
Requirement #2: attract funding
A business plan will also come in useful when it comes to applying for loans and grants. Having your charity’s strategy, clear aims over three to five years and a precise funding requirement packed together all in one neat document will make the process of convincing people to get behind you much easier.
The best business plan software automatically generates an attractive cover and contents page for your plan. Many business plan softwares can save you an abundance of time by taking care of the formatting for you altogether. This includes separating your plan into neat sections and creating visually appealing charts and tables for you to present your data, making the business plan easier to read.
The best business plan softwares even go the extra mile by letting you pick your own colour scheme for your business plan, as well as including your logo. These features go a long way in helping your plan stand out from the many others sitting on the donor’s desk.
Requirement #3: let collaboration lead your vision
Charity trustees come from all walks of life, with a plethora of ideas about how to best reach out to those in need. Collaborating with trustees with different skills and experience is an integral part of running a charity - and business plan software often facilitates this by granting several users access to the business plan. This enables them to easily bounce ideas off one another via the use of threaded comments and notes - all stored in one secure database.
The best business plan software lets the account holder control different users' access with the use of different permissions. This is particularly useful for charities, as a senior member of staff in the managerial or accounting department may wish for a team member to proofread their plan without changing any data.
If you’re seeking guidance from a hired accountant, however, you may wish to give them editing privileges so they can amend numbers where they think necessary. The best business plan softwares let you grant and take access away from different users quickly and easily.
Recommended feature set for the best business plan software for charities and not-for-profit organisations
How does The Business Plan Shop software fare in terms of offering these important features? Let's find out...
Feature | Importance | Handled by The Business Plan Shop |
---|---|---|
FORECASTING | ||
Stay accountable by building a financial forecast that maps out how your donations will be put to use | Must have | Yes |
Automated analysis and detection of anomalies in your forecast | Recommended | Yes |
WRITING A BUSINESS PLAN | ||
Detailed outline that shows trustees the charity's clear aims over three to five years and a precise funding requirement | Must have | Yes |
Select a custom colour scheme and attractive cover page to make your business plan match your charity's branding | Recommended | Yes |
COLLABORATION | ||
Collaborate with trustees with different skills and experience to map out an impactful strategy | Recommended | Yes |
Control who can view or edit data at project level | Recommended | Yes |
Think The Business Plan Shop could be the best business plan software for your charity or not-for-profit organisation? Sign up for a free trial of our software to find out.
6. Best business plan software for equity investors and business angels
Business planning software can prove useful for equity investors if you wish to assess your rate of return on a deal you're considering making. You can also use software to track the performance of your investment.
Requirement #1: challenge the entrepreneurs' base case
When a company sends you a financial model, you can use business plan software to create your own version of the plan and compare it against the entrepreneur’s base case to assess whether it’s worth investing in.
Requirement #2: track the performance of the business you've invested in
Once a deal has been made, you can also use business plan software to track the ongoing performance of the business you’ve invested in and can change your level of involvement depending on how well or poorly the business is performing.
Requirement #3: use a standardised format to easily compare different financial models
Entrepreneurs might send you financial models in a variety of formats, with different definitions for non-Gaap metrics like EBITDA or operating cash flow. Using a business planning software lets you standardise these metrics and analyse forecasts in a methodical way.
Requirement #4: centralise your portfolio's business plans in one secure space
It’s important to have a secure space where you can centralise the business plans of the multiple businesses you’ve invested in. The best business plan software will enable you to save various business plans as individual projects that you can access at any time. Helping you stay organised and informed of the development of each business and their impact on your overall portfolio performance.
Recommended feature set for the best business plan software for equity investors and business angels
How does The Business Plan Shop software fare in terms of offering these important features? Let's find out...
Feature | Importance | Handled by The Business Plan Shop |
---|---|---|
ANALYSING FORECASTS EFFICIENTLY | ||
Create your version of the forecast and compare it against an entrepreneur's base case to assess whether it's worth investing in | Must have | Yes |
Build a standardised format upon which you can easily compare different financial models | Recommended | Yes |
ACCESSING BUSINESS PLANS | ||
Have a secure space where you can centralise the business plans of the multiple businesses you've invested in | Must have | Yes |
KEEP TRACK OF YOUR INVESTMENTS | ||
Keep tabs on the ongoing performance of the business you've invested in by comparing actuals to forecasts | Recommended | Yes |
Think The Business Plan Shop could be the best business plan software for you? Sign up for a free trial of our software to find out.
7. Best business plan software for real estate investors
Business plan software can be very helpful for real estate investors wishing to compare the potential of different properties, or decide when to prepay their mortgage or remortgage their properties.
Requirement #1: create a forecast to assess the potential of your investment
Similarly to equity investors, business plan software is useful for real estate investors as it enables you to create a financial forecast to track the value and timing of the cash flows of your property. This enables you to gauge how much money you’re set to make over a specific period of time.
Requirement #2: compare financial scenarios side by side to make the best decisions
It can be tricky to know when it’s best to remortgage or pay loans on a property. The best business plan software can help alleviate your chance of making the wrong decision and consequently facing a loss.
First of all, you can use such software to model complex mortgages with different repayment periods and fixed or variable interest rates.
This makes it easy to compare offers from mortgage providers and enables you to select the mortgage that will give you the best rate of return.
The best business plan software makes it possible for you to simulate early repayments or a re-mortgage to optimise your investment over the long run.
Requirement #3: create a business plan to prove you can afford the loan
Business plan software will also come in useful when creating an SPV to purchase a property. It'll allow you to create a business plan for the SPV to show that it can afford the loan, making the mortgage provider more likely to grant your application.
Recommended feature set for the best business plan software for real estate investors
How does The Business Plan Shop software fare in terms of offering these important features? Let's find out...
Feature | Importance | Handled by The Business Plan Shop |
---|---|---|
ANALYSING FORECASTS EFFICIENTLY | ||
Create a forecast to track the value and timing of your cash flows on a property to see if it's worth investing in | Must have | Yes |
Compare financial scenarios side by side to make the best decisions | Recommended | Yes |
Simulate early repayments or a re-mortgage to optimise your investment over the long run | Recommended | Yes |
WRITING A BUSINESS PLAN | ||
Create a business plan to show lenders that the SPV can afford the loan | Recommended | Yes |
Think The Business Plan Shop could be the best business plan software for you? Sign up for a free trial of our software to find out.
Which is the best business plan software to go for?
The many benefits that business plan software can bring to a wide range of users are clear. Whether it’s validating your business idea, planning your business’ expansion, or advising and managing a client’s finances for them, business plan software is invaluable in helping you reach your financial goals.
There are various business plan solutions available. The best advice we can give you is to pick the one that goes the extra mile by catering to your every need.
We hope that this guide has offered more clarity as to what you should expect and how these solutions can help you meet your goals and get your business to reach new heights, and that you are now ready to start evaluating solutions in order to choose the best business plan software for your use case.