Business Plan Software Key Terms
Understand the basics when it comes to business plan softwareWriting a business plan doesn't have to be an overwhelming task. Finding a good business plan software can mean the difference between weeks of sifting through information and days of easily constructing a solid informational piece.
Business plan software comes either templated or in an interactive format. Both options have their advantages and disadvantages. They also share some of the basic key terms, while other terms differ by type. Learn some of the software terms to keep your business plan on track.
Data architectureData architecture refers to how the business plan software is designed to support different applications that your company may already use or is considering.
Break-even analysisBreak-even analysis is the review of potential sales and costs. The term break-even refers to the point at which sales amounts cover costs or better. The analysis is used to predict profitability or lack thereof.
Interactive or templated business plan softwareBusiness plan software comes in one of two forms - interactive or templated. With templated plan software, you input information into a spreadsheet, word processing or other pre-determined forms. The interactive software is a guided-process. The software directs you through sections of the business plan and generates text, graphics and charts based on your input.
SWOT analysisSWOT analysis is an outline of the potential growth of a business. The acronym stands for strengths, weaknesses, opportunities and threats.
Executive summaryAn executive summary is an information overview of the business concept. It includes important details from most parts of your business plan, and must be written with great care to ensure your point is understood. It is used as part of the business plan to convey your message in a clear and concise fashion.
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