Writing a business plan is an important but often difficult task for any entrepreneur starting a business. That’s why there are tools to help. If drafting your business plan from scratch sounds too daunting a task to tackle on your own, business plan software can guide you through the process.

Enloop

Business plan software for entrepreneurs who struggle with writing

• Pricing: 7-day free trial; detailed plan is $19.95/month; performance plan is $39.95/month; annual discounts available
• Money-back guarantee: no, but there are no contracts, you can cancel any time, and there’s a free trial period
• Capterra: 4 out of 5
• G2: n/a
• Integrations: n/a

Enloop has many of the same features as other business plan software. It automatically syncs financial data and creates financial ratios. And when you write your plan, it assesses it and gives you a performance score, so you can improve it if needed. You can also add users for easy collaboration and sharing. Enloop is especially good if writing isn’t your strong suit, as you can plug in your metrics and let the software do the “writing” for you.

PlanGuru

Best business plan software for planning, forecasting, and scenario analysis

• Pricing: 14-day free trial available; app and desktop require separate subscriptions at $99/month each, plus $29/month per additional user; discounts available for annual billing
• Money-back guarantee: 30-day money back guarantee
• Capterra: 4.2 out of 5
• G2: 3.5 out of 5
• Integrations: Xero, QuickBooks, Microsoft Excel

PlanGuru is a straightforward business plan software with most, if not all, of the features you’d expect. Budgeting, forecasting, financial reports and analytics, and strategic planning features are included, and PlanGuru excels in scenario analysis. While PlanGuru allows for additional users, each user also comes with an incremental monthly fee.

GoSmallBiz

Best budget-friendly, contract-free business plan software for new businesses

• Pricing: plans start at $15/month; Go service plan for $199/year; Guide service plan for $49/month; Grow service plan for $39/month; additional one-time services and recurring subscriptions available
• Money-back guarantee: n/a: GoSmallBiz doesn’t require any contracts
• Capterra: n/a
• G2: n/a
• Integrations: Mailchimp

GoSmallBiz has industry-specific templates to kickstart writing your business plan—especially helpful if your business idea is for a specific vertical market. GoSmallBiz gives step-by-step guidance, prompts, and tutorials as you build your plan. It also creates financial statements and projections for multiple years, including income statements, cash flow statements, and balance sheets.

PlanBuildr

Business plan software with the option to get help from professionals

• Pricing: free trial available; annual subscriptions available; PlanBuildr uses a custom pricing model; rates aren’t readily available on its website, but one landing page prices the business plan software at $3,500
• Money-back guarantee: n/a
• Capterra: n/a
• G2: n/a
• Integrations: integrations across accounting, CRM, and marketing

PlanBuildr is another user-friendly business plan software for people who aren’t comfortable with writing. It uses a fill-in-the-blank prompted process to help you build your plan quickly—though a drawback here is your plan may be less comprehensive. There are robust financial features, including charts and graphs and the ability to pull various financial statements. PlanBuildr has 10 business plan designs to choose from, and you can also hire PlanBuildr for additional business plan writing services.

LivePlan

Affordable business plan software with samples and templates

• Pricing: standard plan is $15/month; premium is $30/month; annual discounts available
• Money-back guarantee: 60 days
• Capterra rating: 4.5 out of 5
• G2 rating: 4 out of 5
• Integrations: QuickBooks, Xero, open API

Owned by Palo Alto Software, LivePlan has more than 500 sample pages and plans to start with. Get step-by-step guidance on how to write your plan and use templates for different types of business plans, making it easy to tailor your plan to your needs. Note that some users have reported issues using the financials section and difficulty creating graphs and other visual elements. LivePlan is one of the most affordable business plan software on this list.

Bizplan

Business plan software for startups seeking investment

• Pricing: $29/month; $349 lifetime access; annual discounts available
• Money-back guarantee: refunds available within 3 days
• Capterra: 4.4 out of 5
• G2: n/a
• Integrations: Xero, QuickBooks

Bizplan is a business plan software that caters to small businesses and startups seeking external investment. The platform makes sharing your business plan with potential investors easy. It also has tools to aid in fundraising, including the option to share your business plan on the online fundraising tool Fundable. Other standard features include guided prompts and financial tools to help set salaries, forecast revenue, and track expenses.

How to choose a business plan software

While most business plan software can accomplish the same end goal, each has its own pros and cons depending on your needs. The best business plan software for you may be different than the best option for your fellow business owners. When shopping for business plan software, consider the following:

• Budget. Perhaps most obvious, the business plan software you choose needs to fit within your budget. More advanced features typically mean a higher price tag, so take that into consideration as well. Budget is important but it’s not the only factor in this decision.
• Users. If you anticipate needing to collaborate on your business plan with a fellow founder, an accountant, or a legal counsel, you’ll want a software that allows multiple users to collaborate. Some software also allow you to add users as viewers, which can be helpful for distributing the plan to shareholders, lenders, or potential investors, for example.
• Financial reporting. If financial forecasting and reporting are important to you, look for a business plan software that excels in this area. Look for features beyond basic data reporting—you’ll want to find tools that can help with forecasting and data visualization through charts and graphs.
• Interface. Every tool you use in your business needs to have an interface that’s easy enough to navigate. Software with an unfriendly or difficult-to-navigate interface may make the process of creating a business plan more frustrating than it needs to be.
• Templates. One of the greatest advantages to using business plan software is access to templates and examples. Some software have templates for all sorts of business plans. If you anticipate needing different plans for different contexts, pay extra attention to this.
• Integrations. If you have a tightly connected tech stack, it would behoove you to find a business plan software that can integrate seamlessly.

Wrapping up

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