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There are two main ways to build a business plan: either by using software or outsourcing to a plan writing service.Software is oriented to walk business owners through the plan writing process with setup wizards and questions about the business.
The value of a business plan has been ais widely debated topic, as some companies have achieved success without laying out a firm framework laid out.
Whether your business needs a business plan depends largely on your short-term goals as a company.
In addition to word processing, business plan software includes powerful finance and accounting tools so you can crunch numbers quickly to create multi-year projections.
This is a do-it-yourself business plan construction model.
For small businesses looking to take steps toward funding, creating a business plan can be a daunting task.
The required accounting and financial data required alone could result in youa business owner spending all yourhis or her time crunching numbers instead of guiding and growing yourthe business.Business plan writing software will generally be less expensive than an actual business plan writing service.Software price is structured as either a monthly fee or a one-time price.Different types of business software and services can help solve this problem.By using a software to guide you through the writing process, or investing in a service tothat taps into its extensive research network to write your business plan for you, you can savespend your time and spend your effort on other aspects of your business.From startups to established corporations, business plans lay the framework for a company's vision and its financial future.Drafting a business plan is a crucial step in the growth of any business.Data supports this, with statistics indicating that businesses with business plans are twice as likely to secure funding and subsequently grow their business.According to surveys, 64 percent of businesses that completed a plan experienced growth, while only 43 percent of businesses that didn't draft a plan experienced growth.Software offers more research-oriented resources, like business tips, investor information and market analysis.While these features are usually built into business plan writing services as well, research-oriented software allows the business owneryou to review and adjust research on yourtheir own.