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How to Choose Business Plan Software

By Edited Oct 10, 2016 0 0

In addition to the hundreds of small details and decisions that must be attended to in any new venture, the first-time entrepreneur often needs a business plan in order to make their dream of being their own boss a reality. There are a few steps you should take before you choose business plan software.

Things You Will Need

  • Computer
  • Internet access

Step 1

Research the current programs. There are quite a few versions of business plan software on the market, and they are not all created equal. Review websites such as cnet.com and amazon.com provide valuable insight regarding the different features, ease of use, customer support, and reliability of the software. Another great resource is the research desk at your local library. If you have a friend or acquaintance with a business of their own, ask them if they used a particular business plan software, and what their experience with it was. Determine what features in a program are most important to you and pertinent to your business.

Step 2

Decide on a budget. Decent business plan software can be purchased anywhere from around twenty dollars to two hundred dollars or more. Sometimes it's best to spend a little more on a program if it gives you the capability to customize the finished product. Cookie cutter business plans often deter bankers and other would-be investors in your new venture.

Step 3

Check the system requirements when making your decision on business plan software. You may need to upgrade your computer's memory before installing the program in order for it to run properly.

Once you've done your research and comparative shopping there's nothing left to do but purchase the software and learn to use it properly.

Tips & Warnings

  • Shop around. If you aren't adverse to purchasing used software, there are many reseller sites on the Internet. Used bookstores often carry used software as well.
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