The thought of writing a business plan is not something that sparks a sense of excitement, but it is an essential task which should be on every entrepreneurs and business owners to-do lists.
From startups to established businesses, business plans help to plan and track your business from starting up through to growth. Thanks to the digital revolution, we have seen transformation and change in many industries and tasks and the process of writing a business plan has not been left by the wayside.
LivePlan is a perfect example of the new breed of business plan software. Cloud-based and feature rich, it helps businesses to plan, track and adjust their business plans meaning that your business plan evolves alongside your business no longer becoming a historic document in the life of the enterprise.
The first step in LivePlan is to create a pitch. By creating a pitch, it help you to focus your business ideas and plan into an efficient and shareable summary of your business strategy.
Beyond the pitch, you then can drill down into the nitty gritty. LivePlan breaks the planning down into easily manageable and focused sections which are fully customisable so as to enable you to adapt it depending on your business type and industry.
After you’ve finished your planning, you then move onto the forecasting. Gone are the days of Excel spreadsheets, LivePlan has created a simple and intuitive process for you to created your budget and financial forecasts.
This is my favourite feature by far. By being able to connect your accounting software to LivePlan (or being able to input financials manually) you can track the progress and growth of your business against your plan. By then editing your plan as time goes on, you can plan and track in real time the growth of your business.
Bright Horizon are here to help entrepreneurs and business owners at all stages of the business life-cycle. If you would like advice and support for business planning, from start-up through to growth, you can contact us here. If you’d like to learn more about business plans and how to write them, www.bplans.co.uk is a great starting resource.