Getting Started with LivePlan: Crafting Your Business Plan
LivePlan is a powerful tool that simplifies the process of creating a comprehensive business plan. Whether you're starting a new venture or seeking funding for an existing business, LivePlan can help you articulate your vision and map out your path to success. Here's how to get started:
1. Sign Up and Choose a Plan
- Visit the LivePlan website and click "Start Free Trial" or "Sign Up."
- LivePlan offers different subscription options. Choose the plan that best suits your needs and budget.
2. Familiarize Yourself with the Interface
LivePlan's interface is designed to be intuitive and user-friendly. Take some time to explore the different sections:
- Pitch: Create a compelling pitch presentation to showcase your business idea.
- Plan: Develop a detailed business plan with sections for your company description, market analysis, products and services, marketing and sales strategy, management team, and financial projections.
- Forecast: Build financial forecasts to project your revenue, expenses, and cash flow.
- Benchmarks: Compare your business's performance to industry benchmarks.
- Schedule: Set milestones and track your progress.
- Dashboard: Get an overview of your business plan and track key metrics.
3. Start with the Pitch or the Plan
You can begin by crafting your pitch presentation or diving straight into writing your business plan. LivePlan provides guidance and prompts to help you through each section.
4. Utilize LivePlan's Resources
- Sample Plans: Explore a library of 500+ sample business plans across various industries for inspiration and guidance.
- Instructional Videos: Watch video tutorials to learn how to use LivePlan's features effectively.
- Help Center: Access articles and FAQs to get answers to your questions.
5. Build Your Financial Forecast
LivePlan simplifies financial forecasting. Enter your sales projections and anticipated expenses, and LivePlan automatically generates your financial statements.
6. Track Your Progress
Use the Schedule section to set milestones and track your progress towards your goals.
7. Share Your Plan
Once your plan is complete, you can easily share it with stakeholders, investors, or partners.
Fred Lundin CPA Can Help
- Guidance and Support: We can provide expert guidance and support as you develop your business plan.
- Financial Expertise: We can help you create realistic financial projections and analyze your financial data.
- Review and Feedback: We can review your business plan and provide constructive feedback.
By utilizing LivePlan's features and leveraging the expertise of Fred Lundin CPA, you can create a comprehensive and compelling business plan that will set you up for success.
