Best Business Plan Software in 2020 (Comparison & Reviews)

business planning software

Yes, you can try to structure your idea and plan your future business using a Word document or spreadsheets, but a business plan software makes the whole process a lot easier.

These handy business tools will help you with structuring your thoughts and building a business model. Also, business plan software usually has automatic calculations and budgeting and a business plan builder. 

And the most important thing, it will save you a huge amount of time by guiding you through the entire business planning process.

Now let’s see the selection of the best software for business planning in 2020

  • IdeaBuddy – This innovative business planning software that helps entrepreneurs and startups to build a business model, develop their ideas with a step-by-step business guide, make financial projections, and create a business plan. 
  • Cuttles – With this handy tool you can create a one-page plan, write a business plan, and manage your financials and budget.
  • Liveplan – It helps entrepreneurs and small-to-medium-sized business owners build dynamic business plans and track performance against their goals.
  • Enloop – This is a business planning software that assists businesses of all sizes with writing business plans and financial forecasting.
  • Bizplan – It is a modern take on business planning software that includes a guided builder, drag-and-drop modules, automatic financial projections, and team and investor collaboration capabilities.
  • Upmetrics – Business planning software that helps aspiring entrepreneurs flesh out their ideas on a business canvas, calculate financials and write a business plan.

We will now dive into a detailed comparison and review of each software, pinpointing features, pros, cons, and pricing. We split these six tools into two categories – innovative business planning software and traditional business plan software.

Innovative business planning software

IdeaBuddy

ideabuddy business plan software

Overview

IdeaBuddy is an innovative business planning software that helps aspiring entrepreneurs and teams to develop their ideas, create a business model, validate a business concept, and get an impressive business plan. 

All of this comes with a step-by-step guide and relevant examples. 

This tool is simple, easy, and fun to use!

At first glance, that’s due to its simplicity and a stunning visual appearance; also, it is very versatile.

It helps aspiring entrepreneurs craft a business plan and develop their business idea from any stage where they happen to be. 

Idea Plan

So, suppose you’re only sketching your idea. In that case, IdeaBuddy has its own business canvas called Idea Plan, which will help you build a business model.

It’s reminiscent of Business Model Canvas and Lean Canvas, but with its own flavor. Like with any other canvas, your goal is to build your business model by posting idea notes until you’ve covered all your business elements.

Business Guide

The next cool feature is Business Guide, a step-by-step guide that takes you through the five stages of the business planning process.

It helps you create your marketing and sales strategy, define your target customers, compare yourself with the competition, and plan all the other elements of your future business.

IdeaBuddy has automated financials and calculators, which will help you outline your startup expenses, loan payments, profit margins, cash flow, and many other important financial metrics.

After you develop the idea through the Business Guide, IdeaBuddy documents the entire planning process and converts it into an investor-ready business plan, which is quite useful and hassle-free.

Features
  • Business canvas
  • Step-by-step business planning guide
  • Automatic financial projections
  • Business plan builder
  • Idea validation tool
👍 Pros

+ Attractive visual appearance

+ Innovative step-by-step business guide 

+ Good value for money

👎 Cons

Limited free trial

Some features are ‘coming soon.’

Pricing

Dreamer plan – Costs $15 per month / $45 per year, and you can work on 1 idea (project). It includes a business canvas, a step-by-step business planning guide, and a financial plan, which you can export and share. 

Founder plan – Costs $25 per month, / $85 per year, and you are getting 3 ideas (projects). It has everything included in the Dreamer plan, plus you are getting a business plan builder.

Team plan – Costs $55 per month / $245 per year, and you can have up to 30 ideas (projects) in this plan. It has all the features included in the Founder plan, plus you are getting a business plan builder.

***Lifetime plan –  This is a time-limited offer and it includes a Founder plan with 3 ideas, where also you can invite up to 3 collaborators once that feature is developed.

You have a brilliant business idea, but don’t know where to start? IdeaBuddy can help you will that. Get our exclusive lifetime offer and start planning today!
ideabuddy_lifetime offer

Cuttles

cuttles business plan software

Overview

Cuttles is an online web app for writing business plans and turning ideas into profitable startups. 

Entrepreneurs and startups will get the help they need when starting their business using a business canvas or creating their business plans with budgets and other financial forecasts.

The one-pager offers a simple business plan that has creative visual assistance. At the same time, the finance tool allows you to track your finances and budgets. 

You can turn any idea into a business and meet potential investors with proper planning tools and resources. And you can track your progress and performance with a simple roadmap feature.

Features

  • Business canvas 
  • Business plan builder
  • Budgets and forecasts 
  • Roadmapping tool
👍 Pros

+ Visualize and share one dynamic dashboard

+ Great budgeting and runway feature 

+ User-friendly 

👎 Cons

Some features are still under development

Need more customization

Pricing

Dreamer Plan – For the entrepreneur with a great business idea

Price: $15

Startup Plan – For startups working together to bring one business idea to life

Price: $30

Unlimited Plan – For entrepreneurs and startups with more ideas to pursue

Price: $50


Traditional business plan software

LivePlan

liveplan business plan software

Overview

LivePlan guides you through writing the plan on autopilot so that you can focus on the content., leaving the format of your plan to the software. 

LivePlan can track day-to-day performance using a live dashboard. You need to choose from the over 500 included sample plans that can be turned into inspiration in just minutes. 

Features
  • Business Plan Templates
  • Financial Projections 
  • Fundraising Management
  • Track actual performance
  • Step-by-step wizard
👍 Pros

+ Attractive interface

+ Includes hundreds of sample plans

+ Simplified pricing of a single-tier

👎 Cons

No free trial

No mobile version

Steep entry price 

Outdated design

Pricing

LivePlan is a business planning software that offers a simple pricing scheme. But there is only a single plan to choose from:

Pay as you go for $19.95/month.

Sign up for 6 months for $15.96/month.

Purchase an annual subscription for $11.66/month (billed annually for about $139). 


Enloop

planguru business plan software

Overview

Enloop is an online business plan writing and financial forecasting app to create and manage your business plans.

You can choose from over 100 currency symbols and formats to set up your financial reports for your local currency. 

It generates basic text for each section of your plan. You can edit the text, add images, tables, and even insert financial forecast data into your text that updates automatically whenever you change your financials.

Also, it automatically generates financial forecasts as bank-ready reports in your business plan. It can do hard accounting work for you and explain everything in simple terms.

Features
  • Business plan 
  • Progress tracker
  • Drag and drop templates
  • Revenue projections
  • Team collaboration 
👍 Pros

+ Free plan

+ Compatibility with various platforms

+ Unique features like AutoWrite & TextSync

👎 Cons

Doesn’t integrate with Quickbooks, Xero, or other accounting software like other business planning software; therefore, you must enter your own financial data. 

Lack of assistance for beginners 

Pricing

Free tier – Limited to a single business plan with simple text, no images, and no advanced features. 

Detailed plan – $19.95 monthly supports three business plans, detailed financials, and 16 ratios analyzed.

Performance – For $39.95 monthly, it supports three business plans, detailed financials, and 16 ratios analyzed.


Bizplan

bizplan business plan software

Overview

Bizplan is the online business planning software, and it’s a part of a Startups.com platform.

Bizplan has a guided business plan creator that allows you to make a modern business plan.

It also offers expert feedback on every step of the way, including models that can be dropped in and completed, along with quick incorporation of visuals along the way.

Bizplan Academy offers additional resources related to starting a business and making the business plan. 

Those who need even more assistance can also take advantage of an expert consultation from a financial expert that starts at $999. 

Features
  • Business plan 
  • Progress tracker
  • Drag and drop templates
  • Revenue projections
  • Team collaboration 
👍 Pros

+ Intuitive and user friendly

+ Good to use for existing businesses

👎 Cons

Overwhelming interface

Confusing data importing 

Pricing

Includes unlimited business plans, collaborators, and all available features. 

Monthly $29

Annual $20

Lifetime $349


Upmetrics

upmetrics business plan software
Overview

Upmetrics is a great software to plan your business. It features a business plan editor, which refines your business plan to make it a lot more impressive.

Furthermore, finance modeling estimates the profit that you will be making from the business in the future. 

The pinboard organizes the business inspiration materials in the right order. Also, Upmetrics allows you to create multiple projects completely free of cost.

This way, Upmetrics, as a collaborative platform, ensures that all members get involved in the project. The permission control system allows you to allocate specific areas to different members.

Features
  • Business Plan Templates
  • Collaboration
  • Dashboard
  • Financial Projections
  • Financial Templates
  • Pitch Presentation
  • Social Sharing
  • Step-by-Step Wizard
👍 Pros

+ Cloud-based

+ User-friendly 

+ Highly customizable and fast

👎 Cons

Dashboard is missing

Needs more inbuilt templates

No free trial

Pricing

Solo – For a team of entrepreneurs who just started planning. 

Price: $5.42

Team – For teams & companies that need to manage multiple business initiatives.

Price: $8.25

Premium – For large organizations and professional consultants.

Price: $29.09

. . .

So, which one is the best business planning software?

There’s no doubt that creating a business plan properly and with the right tools is essential for your business’s future growth and success. 

Luckily, choosing the right business plan software will make the process much simpler.

Before choosing any software listed in this guide, you need to compare multiple solutions and be sure that you chose the one that fits your planning stage.

Keep in mind the following: 

  • Features you’re looking for
  • Your user-experience preferences 
  • Your budget

This way, you’ll have a list of criteria in mind as you explore different software solutions.

Perhaps the best thing you can do to find the right business planning software is actually to test out the apps themselves. 

That’s why we suggest you try IdeaBuddy.  Try it out and let us know how you find it. 

ideabuddy_lifetime offer

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