Business plans provide a blueprint of how a business will succeed and are often required for outside investment. Banks and investors want to ensure that business owners have a solid plan in place for a new venture before financing it. While the business planning process doesn't guarantee success of a new business, it decreases the odds of failure and reduces risk. Before putting life savings on the line, responsible business owners prepare a business plan to ensure their investment will not be lost.
Will I be able to import/export business plan information into/from my accounting system?
You can import your financials and company data from your spreadsheets. LivePlan guides you through every step, helping create your business plan using your financial data. You can also export your plan to Microsoft Word, PowerPoint or to Adobe PDF.
What financial reports/statements are created by LivePlan?
LivePlan helps you build a comprehensive set of financial projections, complete with reports and charts. You'll not only know whether your idea will make money, but when it will. Unlike spreadsheets, there are no complicated calculations, formulas you need to create or reports or graphs to build.
LivePlan also allows for simplified forecasting. The drag and drop graphic forecaster allows you to easily and visually change your forecasts. Simply click to move a line on your forecast chart or apply a growth rate to a whole year. The graphic forecaster makes creating and altering your projections easy.
Should individuals reading my business plan sign a non-disclosure agreement (NDA)?
Non-disclosure agreements typically aren't required for viewing business plans. Venture capital investors and bankers know that information provided within a business plan is confidential. A "confidentiality clause" added to the beginning of the plan is often sufficient. Consult a lawyer if you believe an NDA is required.