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Entrepreneurs often struggle with the business planning aspects of preparing an investment pitch, the financial statements that accompany them, and walking through crucial elements of their business model. In partnership with Palo Alto Software, The NIIC announces it will provide access to this high-value tool to at least 50 small businesses in Indiana. Access is at no charge for a defined period of time for accepted participants through The NIIC’s WBC EmPWR Program.
“LivePlan provides structure and consistent methods to navigate the entrepreneur through the maze of choices and decisions to tell their story more credibly with investors, financial institutions, and other stakeholders. If you have struggled in the past or want to have a tool to take your business planning to the next level, LivePlan is worth the time you invest,” said Karl R. LaPan, NIIC President and CEO.
According to Palo Alto Software, companies that plan and track against their plan experience 30% faster growth than those that don’t. LivePlan cloud-based software provides the tools needed for small businesses to achieve this.
- One-page plan template for a fundable business plan;
- A step-by-step planning process, including prompts and tutorials within the platform;
- Automatic financial tools and dashboards for planning, budgeting, forecasting, profit and loss, key financial assumptions, etc;
- Industry benchmark planning, performance dashboards, and smart budgets and forecasts tools; and
- 500+ sample plans.
Sarah Lance, NIIC WBC EmPWR Program Manager, describes LivePlan as an amazing platform, business plan-making magic. “It has tools and features to build your business plan and also to plan for long-term sustainability. I encourage small business owners to either work the plan at their own pace or pair it with WBC EmPWR one-on-one business coaching,” said Lance.
The process is easy. Apply here. Please note you must login at least weekly to continue your complimentary three-month access. Longer access may be granted if you are making progress toward your plan.
Login credentials will be sent upon processing of your application.
Start strong with a quick one-page plan
With the LivePlan Pitch, you get a quick, fill-in-the-blank process for outlining every important aspect of your business. All on a single page. It’s the fastest way to get started on a business plan.
Step-by-Step Planning Process
You’ll receive step-by-step instructions as soon as you login. Your business planning process is made easy with prompts, definitions of key terms, and video and text tutorials built right into LivePlan.
See Your Financials Automatically
Enter your monthly sales and costs and we’ll calculate all of your financial data for you. Whether you’re selling products, projects, or have recurring revenue, LivePlan will help you create a forecast for your business.
Pick from 10 plan themes optimized for funding
The LivePlan template is SBA-approved, so you can give lenders and investors the information they need to evaluate your business.
Share your plan with a link or download and print
Share your business plan or investor pitch online with a link that you control access to. Or you can download the plan and print it out in a professional format.
Know how you stack up to competitors
LivePlan’s Industry Benchmark data helps you understand your market, so you can make more informed decisions. Enter your industry and location, and you can see at-a-glance how your key performance metrics compare to similar companies.
Financial dashboards help you make the right decisions
Visual dashboards make it easy to compare your key business metrics to last year or last month. This allows you to spot data trends that can help you figure out new ways to improve revenue or reduce costs.
Create smart budgets without spreadsheets
Budgeting with spreadsheets is clunky and time-consuming — even if you’re a pro at Excel. But because LivePlan syncs with your accounting software, you can create forecasts and smart budgets in half the time.
Information sourced from Live Plan