Every small business begins with an idea. As the ball gets rolling, most entrepreneurs realize that coming up with the idea was the easy part. Writing a business plan, pitching to investors, and figuring out every little detail that comes with starting a small business quickly becomes a much larger challenge. That’s where LivePlan and other business plan software solutions fill in the gaps
LivePlan is a software platform that helps make it easier for small business owners to create professional business plans, including charts and spreadsheets with financial projections.
The LivePlan platform also lets you keep on top of your company’s key data points. You can set business goals and compare your company’s performance against industry benchmarks. This way you can not only keep track of your own performance, but you can see how your business performs against others in the industry. This makes it easier for you to plan by keeping track of your business in the present situation and learn from the past to keep growing for the future.
How Does LivePlan Work?
Setting up is easy! The LivePlan startup wizard will walk you through the process once you enter the basics about your business into the software. The platform asks your main purpose for using LivePlan. This can range from starting a company, raising startup capital for a business idea, bringing investors on board, or just measuring your company’s financial progress and coming up with a long-term business plan.
From there, you can develop a LivePlan Pitch, which is a one-pager that outlines your business’s strategy, customers, and goals. You can put together a business plan to complement the one-page LivePlan Pitch. Using both together will explain your vision to investors and financing partners and can help you stay focused on the big picture once your business gets off the ground.
The platform can also help you put together a budget and financial roadmap for your business.
LivePlan with QuickBooks
QuickBooks Online syncs with LivePlan to provide up-to-the-minute financial information about your business. Instantly update your forecasted cash and profit totals. Obtain a better view of your current money situation and how it tracks with your forecasts and trends.
LivePlan gives you all the tools to turn your strategy into a plan and forecast that works for your business.
Who Is LivePlan For?
LivePlan is designed for small business owners of any size. Early-stage businesses can use LivePlan to keep an eye on their overall business health and growth. Larger companies can take advantage of the platform’s more complex tools, such as investor and fundraising management.
Choosing Your Best Option
With LivePlan, businesses can streamline several recurring financial management tasks. These include performance tracking, financial modeling, budgeting, and business planning. Whether you’re just starting your business, or are in steady daily operations, LivePlan’s suite of tools and templates can make these efforts easier to manage.
At Redmond Accounting, we provide multiple accounting services and are experts in cloud-based accounting technology. Contact us and let’s discuss your accounting process and ways we can streamline and build a more effective process for your business. Schedule a consultation with one of our team members today to get started.
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