Online tool to get that Business Plan drawn up or written

Today's post will focus on just how you can write a compelling and standard business plan to secure that capital you need to set up your business. Though many people never get credits from their banks it’s a fact that many entrepreneurs fail to secure business loans from their banks simply because their business plans or proposal fall short of being convincing or of good quality – lacking the technicality of a good plan that will prove to be viable.

Aside Business Plan writing software that is available in the market there are numerous online Business Plan writing tools and tutorials that can be of great for you if you are looking for help with writing your business plan – thereby translating those wonderful ideas you’ve got into realistic goals that can be achieved and that are bankable as well.

Having said the above however, we have a little problem. Most of these online tools cannot generate, automatically, the text of your business idea and then assess your business on whether it is (or will be) viable or whether it’s going to end up like countless others – a failure should you invest in it. However, not to worry; I stumbled upon just another innovative online tool that not only automatically generate your ideas or plan into text – utilising the information you supplied.

Enloop it is! Enloop just released its public beta service and this cool online business plan writing tool is capable of both generating the text of your plan and assessing its viability using it’s built in algorithm as it were. Why don’t you sign up to enjoy this great service from Enloop? Signing up is free within the beta period. In preparing your plan, Enloop will ask you to supply information with respect to your business idea, the product you will be offering, marketing, its operation, number of personnel, finance and target industry.

Based on the above stated information required of you, the service will then proceed to give you the “Enloop Performance Score” (EPS). The score falls within the range of 1 to 1, 000; this gives an insight of how successful or not your business will be, based on the built in predictive algorithm. The essence of the EPS is to prevent unrealistic financial forecast – the bane of many businesses that never make the mark today. Hence, according to the Enloop business site a higher EPS score means you might receive better investment terms or loan if you go to your bank or approach potential investors.

It’s not always the case that people with brilliant or revolutionary business idea are capable of putting together a “killer” or compelling business proposal. Hence, why not let Enloop do the job for you? Enloop will generate your business plan text on the go; one which is also customisable giving you’re the opportunity to add more paragraphs should the need arise.

Alongside the above Enloop also generates automated financial forecasts and this include your profit and loss, cash flow and balance sheets as well. It also generates financial ratios which helps you assess the financial health of the would-be business; which you can then pass on to your investors too. I bet this service will be a good resource for you and might even be a good complement (if not better when compared) to any other tool or software that may be at your disposal. Why not give Enloop a trial today?

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