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The SBA has a great set of instructions on how to get up to speed before you head down to your bank.Many major banks have free business planning tools to help you get started.
There, business coaches, accountants, and other professionals can connect with new businesses.
Those leads generate a small fee from the professional, paid to Strat Pad.
Strat Pad is a cloud-based business plan software solution.
There are a few different versions, depending on how many business plans you want to make, but for one plan, you can get a free account.
That being said, it is 100 percent focused on tech startups looking for cash from investors. I mean, sure, you’ll need some software to make any business plan, but we’re talking about Microsoft Office style programs.
If you roll into the bank with this thing, it better be because you’re the founder of Plan Cruncher and you brought it along to demonstrate what the service does. These resources are excellent alternatives to software.
It helps you focus in on the things that you do best and it gives you metrics to determine what your success looks like.
I say, “It gives you,” but really it’s just a template for managing your own thoughts.
Once it’s been scored, bankers or investors can look to see how well you did.
The score encompasses some basics like cash flow and growth.