An Entrepreneur’s Story 1 has a story today that is a first hand account of an entrepreneur and how he created and uses his business plan. What this entrepreneur does and what many fail to do is revisit the plan on a monthly basis to keep his business on track. All businesses should do this.

The only thing that I have to disagree with in the article is the author’s opinion on business plan software. Granted, I’m biased. Unfortunately, I don’t believe he gave software a fair representation. He characterizes software as “fill in the blank” and “cookie-cutter.” While some software may be like this, not all software packages are. Several packages (including Business Plan Pro) include detailed instructions and examples that guide you through every step of the plan. I have yet to find a free template online that does that. In addition, the financials created by a software package are guaranteed to be error free. Creating your own spreadsheets on the other hand is open to extreme errors. I can’t tell you the number of times I have seen home-grown business plan financials that would never stand up to the critical eyes of a banker or investor.

Well, enough of my rant. It’s a good article and worth reading.

Read the article at

About the Author Noah Parsons is the COO of Palo Alto Software, makers of LivePlan, the award-winning online business planning software. Follow him on Twitter. Follow Noah on Google+ Read more »

Click here to join the conversation (1 Comments)
RATE THIS ARTICLE 1 Star2 Stars3 Stars4 Stars5 Stars

How LivePlan makes your business more successful

LivePlan: Online Business Planning Software

If you're writing a business plan, you're in luck. Online business planning software makes it easier than ever before to put together a business plan for your business.

As you'll see in a moment, LivePlan is more than just business plan software, though. It's a knowledgable guide combined with a professional designer coupled with a financial wizard. It'll help you get over the three most common business hurdles with ease.

Let's take a look at those common hurdles, and see how producing a top-notch business plan sets your business up for success.

Click to continue