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In addition to word processing, business plan software includes powerful finance and accounting tools so you can crunch numbers quickly to create multi-year projections.This is a do-it-yourself business plan construction model.For small businesses looking to take steps toward funding, creating a business plan can be a daunting task.
If your business is young and in need of guidance, some writing services offer consulting and other options to help your business grow.
If your plan needs extensive research on things like market conditions, software offers access to research materials, while writing services have access to different databases.
Business plan software puts your business plan in your own hands, so you are responsible for how long the writing process takes.
Resources – Each writing service andor software offers different resources.
Some companies can get them back within a week, while others can take up to two weeks.
This can make creating your business plan a multi-week process.Once it's finished, there is usually a revision period where your company can review and propose edits to the plan.Another perk of different types of business plan software and services is they provide extensive resources for your company to use as ityou drafts its your plan.Depth of service – Software and services canmay offer features for creating your plan.Services, for example, offer rush jobs, printing, design services and even sample plans for you to review before deciding whether to hire the company.Different types of business software and services can help solve this problem.By using a software to guide you through the writing process, or investing in a service tothat taps into its extensive research network to write your business plan for you, you can savespend your time and spend your effort on other aspects of your business.Data supports this, with statistics indicating that businesses with business plans are twice as likely to secure funding and subsequently grow their business.According to surveys, 64 percent of businesses that completed a plan experienced growth, while only 43 percent of businesses that didn't draft a plan experienced growth.There are advantages and disadvantages to each, so consider the following when thinking about what's best for your business.Time – Depending on how quickly you need your business plan, different services offer different turnaround times. The time it takes for revisions to be returned is important as well.