LivePlan Pros and Cons

Its ease of use really, which turns out to be something quite surprising regarding the use of this application, the fact that it allows us to simplify the way in which we carry out our business plans in a much simpler and easier way is perfect for me to design the strategies of my businesses and start with new ideas in a much more practical way, the fact that its main dashboard shows me the information in a fairly complete and summarized way at the same time is perfect for me to streamline the entire decision-making process in a much more practical way, its ease of configuration and use is perfect for me and my business, since we can design all our plans and strategies in a much simpler, simpler and more efficient way. Review collected by and hosted on G2.com.

I have no complaints regarding the use of this application, it really has been quite useful for us when we want to simplify the way we plan our strategies, without any complaints Review collected by and hosted on G2.com.

Promises you big time. Even looks like they have a legitimate presence in Australia which will prove wrong later. Review collected by and hosted on G2.com.

very limited scope and restricted input space. Once signed in you cannot cancel this subscription and even if you do try and cancel online, it looks like that you have successfully unsubscribed but they will still keep charging you, God knows till what. Review collected by and hosted on G2.com.

The ability to customize every single part of the business plan; being able to add categories outside of what is provided in the template. I used this with a group of people, and it worked well for the collaboration aspect. Review collected by and hosted on G2.com.

Something very minor that I disliked was that everything that was being worked on by someone other than myself did not update in real time. I could see my own stuff update in real time, but for my team members, I had to wait for them to save the changes they were working on and refresh my own screen. Review collected by and hosted on G2.com.

Its thorough but very easy to use. Plus fully integrated financial graph capability Review collected by and hosted on G2.com.

Is a little pricey, but still worth it. You may find a few others that are cheaper, but this is a great program and worth the price. Only drawback is that it has to be renewed annually. Review collected by and hosted on G2.com.

it allows me to focus on the structure and all the important things that need to be included but also kept short and easy to read and understand. Having the prompts in each section helps me stay on task. I really like how the forecasting auto-populates based on data in the various sections. its easy to keep tabs on everything and see how your business looks on paper. Review collected by and hosted on G2.com.

Sometimes it doesn't have enough options in the forecasting area to include a projected revenue or volume increase by a percentage month over month. Being able to work in commissioned employees seamlessly when they make a percentage of sales in 1 specific area like over sales reps a manager manages. Currently, it seems the only way to do this is manually doing the calculations and inputting them or using an entire revenue stream, which doesn't work in all situations. Review collected by and hosted on G2.com.

It is a good tool to use not just for writing out your business plan, but also can serve as a guideline for what every business plan is required to have. Review collected by and hosted on G2.com.

No dislikes to report. LivePlan is a great tool Review collected by and hosted on G2.com.

The ease. I had to start creating projections for the funding process and was dreading it. I found this on a Saturday morning and by early afternoon I had yearly/monthly numbers for 5 years P&L, Balance Sheet, Income Statement and Cashflow. Keep in mind this included time getting used to the software and answering questions outside of the software itself (ie units sold per month).

But these weren't just useless numbers, they were based on results of answering questions about the business. And they did a wonderful job making it simple. For example, you add a new product, the revenue type (one time, recurring, unit, etc), units sold by month, price and churn. And because you won't get it right the first time, it makes adjusting the estimated units by month easy.

Similar entry for all your expenses such as employees (by department/position/start date/salary) and other expenses.

So now that you've entered all this - it then automatically becomes available in your business plan. The business plan is easy too as they put all the typical sections (problem, market size, team, etc) in there but it's easily customizable as well.

And finally, you can invite people to edit or just view it as I've done for investors. So investors groups would like you to put your info into their own "room", but I've just given them access here so that I don't have to keep multiple versions up to date.

I tell every startup I meet and all the local startup agencies to have their startups use it too. Review collected by and hosted on G2.com.

This is minor as I've only had to do it once, but I'd like to see Excel output which was requested by my investors. But they do Word export which I then cut/paste the tables easily into Excel. Review collected by and hosted on G2.com.

forecasting and financial part was the best part of the plan. it simply explains everything and you only need to put the number in tables. The rest is easy! the software will provide you with all the tables and figure and charts!

Also, the software provide some free templates which are really helpful. Review collected by and hosted on G2.com.

When entering numbers for financial part, it is not tailored based on the countries and the related taxes for that specific country. so, I had to calculate separately, the tax and national insurances (in the UK) and draw a another table for that. Review collected by and hosted on G2.com.

Without financial and business planning, you have no rudder for your business. This is the easy-to-use way to construct a plan and see where you will be in five years. Review collected by and hosted on G2.com.

It takes some research, which you would be well-advised to complete. It takes a bit of learning the software Review collected by and hosted on G2.com.