LivePlan online software by Palo Alto is not just for coming out with a copy of business plan that you can use to woo potential investors, employees and other stakeholders but can help understand your business model better while testing/validating new ideas. With a well written business plan that is updated continuously, you get new insights.
This software can be seen as a complementary to your accounting software. Palo Alto integrates with QuickBooks. While your accounting software provides historic records, LivePlan helps forecast future trends based on the historic records.
There are features to understand how your business is performing against others in the same category and geographical location for United States. Even if you are from India, you still get a rough idea.
Armed with samples and examples to be used as templates, you are already flooded with new ideas or strategies. Just tweak them to your own business and you have a business plan exclusive to your business. These templates should not be seen as a shortcut while crafting business plan but as idea generator. It may be that after going through those templates, you come out with a fresh way you can provide your product or service.
There are also free downloadable sample business plans and contents maintained by the Palo Alto team.
The business plan software by Palo Alto showcases what your business stands for, its mission and vision, financial forecasts to stakeholders including lenders, employees, clients, and customers. The best part of this software for a business owner is by defining your vague wishes into concrete words so that measurable actions can be taken, it helps you leverage the best within you.
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