Enloop makes it possible, and easy, with its step-by-step DIY online software.
Here are a few features we think Enloop’s got going for itself:
Other software provide you with hundreds of business plan samples, which you have to review, then copy and paste the text you like. Enloop cuts out a few steps. Based on your input, it automatically generates text for each section of your business plan for you.
The result is uniform text, that professionally and clearly articulates your business. Enloop also allows you to add your own text to sections, if you feel the need to include additional details.
Automated Financial Forecasts
Forecasting numbers is a bona fide stumper, even for the most deft entrepreneur.
With Enloop, once you’ve punched in all the necessary data, it wondrously generates three-year financial forecasts—sales, profit & loss, cash flow pro forma, and balance sheet pro forma. These forecasts are ready to be reviewed by your bank and investors.
In addition, Enloop calculates three financial ratios: current ratio, percentage profit before taxes to tangible net worth, and debt-to-worth. Load underwriters and investors rely on this key data to help them determine how risky it is to invest in your business.
Business Score and Evaluation
Enloop one ups other business plan software by offering its own, patent-pending evaluation score, the Enloop Performance Score (EPS). This score evaluates your business’ potential for success, on a scale of 0 to 1,000. A passing score gets your business plan certified by Enloop, which includes a unique identification number that investors can verify on Enloop’s website.
Your evaluation score, net cash flow and financial ratios are used by Enloop to generate its Performance Review, a business report card which details your chance of success, as well as tips on how to improve your score.
Enloop is in beta, and currently offering a basic account for free. Once the full release comes out, the company will offer two price plans: Premium for $9.95/month and Pro for $39.95/month.
For more information on Enloop visit www.enloop.com.
(Photo credit – audrina22)