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Monday, July 6, 2015

DRAWBACKS OF USING BUSINESS PLAN SOFTWARE



Are you on the verge of getting the business plan done using the so called software? Well, take a break and read this!

There are many ways of getting a business plan done. You can write it yourself, outsource it to get it done for you or using the software. Depending on your professional background you can choose to write it yourself or with the help of software. However business plan software has their own drawbacks compared to hiring a professional. Some of the drawbacks are:

The Plan Will Look like Everyone Else’s: The software packages generally have the same formatting and almost same points for the business plan. The software made plan can be identified immediately by the investors and it may lead you to unsuccessful pitching.

No Consulting Means No Expert Advice: while using software does help you to complete your business plan and may be free of cost, but having an expert’s advice can keep you from making critical mistakes and may increase your chances of getting funded.

Less Experience than a Professional:  A professional knows what and how to write a business plan and all the tits and bits to make it stand out to investors, which is of course more than your experience.

Time Consuming:  If you hire a professional he will conduct the necessary research to gather important information according to your business and the time you save can be utilized in looking into other aspects of the business and gathering new ideas and information for your business.

Writing a business plan is hard work. Many people spend a year or more writing it. In early stages of making it, business plan software can be helpful but the hard part is taking it to the conclusion and making it more impressive. 
So the final choice is up to you. Go ahead and make a meaningful decision!!



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