PROS / Enloop is a cloud-based application that has a basic version that is free to use.
CONS / Business plans cannot be saved as Word documents.
VERDICT / Enloop allows you to import financial and current business analysis information to help you create an effective, professional business plan.
Enloop is an online business plan-writing program that has templates and support for multiple industries with the exception of nonprofit organizations. Nonprofits have special financial and budget needs that require specific tools that Enloop doesn't have. Despite this oversight, Enloop is easy to use with step-by-step instructions and an intuitive design, making it one of the easiest business plan software applications to use of the programs we evaluated.
Your vision for your new company ultimately determines the business plan you need to write. If you are starting a small business, you need a specific startup plan. If you need funding to expand your established company, a funding or investment plan is ideal. All of these small business plans are available through Enloop. It also has plans for determining the feasibility of an entrepreneurial endeavor so you don't have to waste valuable time investing in a project that may not work.
Business plan writing should be as stress-free as possible. Enloop includes some of the best document-creation tools to help make writing your small business plan easy. This includes spell check and the ability to import images, such as your company logo or product photos. Enloop gives you step-by-step guidance through each section of the writing process. You don't need to worry about formatting because Enloop takes the text you enter and automatically formats it for you using its AutoWrite feature. You can turn this off, though, and enter and edit text on your own. The one feature that is missing is autosave. This means that if you are working on your business plan but forget to hit Save, none of your changes will be saved, and you will have to start over. This feature provides a lot of peace of mind and is found in our top-ranked business plan programs.
Enloop is cloud-based software, which means you can give multiple people access to the document. Everyone can see and contribute to it, allowing everyone on your team to contribute their personal strengths. This business plan software can track your writing progress and score your plan so you can see how effective it is. If anything in your plan is missing, Enloop has help tools to make your plan stronger.
Every business plan should include information on income projections, operating expenses and budgets. Enloop includes financial calculators, chart generators and budget tools to help you create financials quickly. Enloop also lets you import financial data from your accounting program and automatically formats it for you. When you are finished with your business plan, you can save it as a PDF before emailing or printing out a copy to give to investors. Unfortunately, you don't have the option of saving it as a Word document.
Some important information you should include in your business plan are market projections and current industry stability. This information is found in databases such as the North American Industry Classification System (NAICS). In order to access this information you need a subscription, but Enloop gives you access to these databases as part of its service. To incorporate this data in your plan, all you need to do is click the information from the database and Enloop automatically includes it in the proper place in your business plan.
Enloop is a cloud-based business plan software program. While Enloop doesn't offer the specialty financial tools needed to create a nonprofit plan, it has everything you need for a start-up business plan. It is easy to use with step-by-step instructions and the most important document-creation tools, such as financial calculators and feasibility tools. You can only save your finished document as a PDF though.