Best business plan software free is the latest trend in the business world. This business plan software free download is very useful for all kind of business owners to start their own businesses. There are so many online plans, but planning your business is not an easy task. It is one of the most important tasks for initiating any business with great idea and knowledge so it can be fruitful for you in future.
Whether it’s how to create a business plan, small business plan software free download, online business plans or business planning software free, you can find several articles about this topic on my site. Even writing an executive summary for your business plan template is important.
StratPad
StratPad is a cloud-based business plan software solution. There are a few different versions, depending on how many business plans you want to make, but for one plan, you can get a free account. As an additional little bonus, if you happen to teach business at a high school or university, StratCloud has a free version of its Unlimited offering. Interested in products with similar features? These StratPad alternatives could be what you are looking for.
That little bonus points to what StratCoud is really all about. The company provides workshops, videos, and educational blogs for entrepreneurs. It makes the bulk of its revenue not through subscriptions, but through the introductions it provides via StratPad Connect.
There, business coaches, accountants, and other professionals can connect with new businesses. Those leads generate a small fee from the professional, paid to StratPad. You’re not paying, so you’re the product – but it’s a pretty tame version of the old adage.
StratPad comes with follow along instructions and ends up generating a very clean and classic looking business plan. I like the layout of the system and I’m apparently not the only one. StratPad claims over 100,000 businesses are currently using its service.
Tarkenton GoSmallBiz
Heavy on the mentoring and advice side, Tarkenton GoSmallBiz delivers an an easy-to-use business planning application that works using step-by-step templates with built-in advice modules.
PROS
- Highly configurable and detailed business plan.
- Advice from business experts.
- Able to generate financial statements and projections without outside spreadsheet software.
- Links to third-party services.
CONS
- Few sample business plans.
- Only exports to Microsoft Word and PDF formats.
Enloop – Free to $39.95/month
If you’re looking to try before you buy, Enloop is a strong choice as one of the only business planning software tools with a free trial.
Features:
- User-friendly platform
- Compare your financials against your industry’s performance
- Bank ready financial statements (Profit and Loss, Balance Sheet, Cash flow)
- Enloop’s business plan software lets multiple team members work on a business plan
- 36-Month detailed financial reports
- Sync date and text into your business plan
- Real-time performance rating
- Financial projections
- Generated business plan Pass/Fail report
- Colored charts
- Multiple currency formatting
- Enloop’s performance rating score
- Customizable sample plans
- Write a business plan fast with auto writing feature
Pros:
- Seven-day free trial (no credit card required)
- Video tutorials to help you with business plan writing
- Low-cost yearly plans
- Affordable pay-as-you-go plans
- Advanced financial ratios
- Financial projections
- No contracts
- No cancellation fees
- Cloud-based; works on any business machine (Linus, Windows, Mac)
Cons:
- No phone or chat support, just a “contact us” form.
- No valuation capabilities
- Three business plan limit per account
- Doesn’t integrate with QuickBooks or Xero
- No third-party app integrations
- No financial forecasts beyond 36-months
- No 30-day money-back guarantee
EquityNet
EquityNet doesn’t focus exclusively on business plan creation. Instead, it’s really a platform for those seeking investors as well as those looking to invest. Still, its bundled business planning tool is solid and can help speed startups toward getting funded.
PROS
- Offers unique services that match entrepreneurs with investors, with business plan features to enable that process.
CONS
- Its design is in the framework of crowdfunding investments from people you don’t know.
- If you simply need a plan to sell your local Angel investor on your process, EquityNet probably is overkill.
PlanGuru
Less a business plan creator than a financial reporting tool, PlanGuru nevertheless does a creditable job for those seeking to build a worthwhile business plan document. Still, rank beginners or those less focused on financial calculations might need to look elsewhere.
PROS
- Strong budgeting and forecasting features.
- Links to analytics add-on.
- Breakeven analysis.
- QuickBooks support available.
CONS
- Requires some financial sophistication to use.
- Lacks sample business plan templates.
IdeaBuddy – $15 to $45/month
IdeaBuddy makes our list because of what’s behind their approach. IdeaBuddy focuses on helping entrepreneurs develop their idea first, then share it, and then refine it into a plan. If you have a business idea and don’t know what to do next, IdeaBuddy could be what you’re looking for in a business plan software.
Features:
- Single-page business plan pitch (Idea plan)
- Clean modern design platform combined with great financial tools
- Business guide
- Financial plan
- Business plan
- Marketing plan for selling and promoting your products
- Market overview plan where you create targeted customer profiles, identify your competition and calculate the market potential.
- Create a financial plan to learn how much you need to get started.
- Business plan creation that includes forecasting performance and cash flow projections.
- A proprietary algorithm calculates a final score for your idea providing recommendations for improvement after you complete “Story Mode.”
- Idea Journal, that is an internal business plan for you to show potential investors.
- A 15-day free trial, no credit card needed.
Pros:
- A lifetime plan costs only $178
- Great for developing ideas
- Great for doing market research
- Lower-cost yearly plans offered
- Pay-as-you-go plans offered
- No contracts
- No cancellation fees
- Cloud-based software option
- Excellent and responsive customer support (email/chat/phone)
Cons:
- Email-only customer service
- Software lag time issues
- Fewer software options than most other small business options
iPlanner – $49 to $55/year
Easily the least expensive of all the major business planning software tools, iPlanner allows you to build a professional business plan for just a few dollars a month. They still have some quality features as well:
Features:
- Unlimited Team Members & Collaboration
- A La Carte Pricing Model vs Packages
- Discounts for Serial Entrepreneurs & Business Coaches
Pros:
- Experience: iPlanner has been in the business planning game since 2007, so they’ve got a solid amount of industry knowledge and experience.
- Options: They’ve got two trademarked business planning services, Startup Framework™ and Strategy Designer™. This can be confusing when you’re navigating their site – to be honest, I got a bit lost myself – but it’s good to have options, right?
- Unlimited Users: All of their business planning packages allow you to have unlimited collaborators and assign people three different roles: Project Owners, Advisors, and Viewers.
- Cost: iPlanner’s rates start at only $49/year, which is much cheaper than many comparable services on the market.
- Modeling Capability: Their Startup Framework software has a business modeling section where you can design a business model canvas and strategize as much as you need before diving into your business plan.
Cons:
- Commitment: iPlanner doesn’t have a month-to-month option for either of their services. Their Strategy Designer is payable only annually, while their Startup
- Framework is available for 3-month, 6-month, or 12-month payments. They also don’t offer refunds, which is a bummer since you’re locked into committing to a minimum of 3 months of their services.
- Clunky: Their website is pretty old school and tough to navigate. For example, initially, we found it difficult to find the checkout page for the Startup Framework software. Their Strategic Designer page is a bit better, but still not super sophisticated.
- Trial: Unlike other business planning software, iPlanner doesn’t offer a free version or trial. However, you can take a tour of their Startup Framework software or view a demo of the Strategy Designer to get a feel for them.
- No refunds
Conclusion:
Business Planning Software Free Download. Business planning an important process in the life of every business owner, entrepreneur, and small business. You can do it on your own or you can use an effective business planning software free download