Business Plan Software Key Terms

Understand the basics when it comes to business plan software

Writing 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.

 

Opportunity analysis

Opportunity analysis is the process of looking for additional revenue or less expenditures. The breakdown of ideas looks to improve profitability and productivity. Information inputted in business plan software can be put in easy form to analyze.
Try: Bplans.com defines opportunity analysis and explains the process as it relates to writing a good business plan.

Data architecture

Data architecture refers to how the business plan software is designed to support different applications that your company may already use or is considering.
Try: Review the definition of data architecture at GEMI HSE Web Depot.

Break-even analysis

Break-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.
Try: Investopedia defines break-even analysis and explains how it can be used.

Interactive or templated business plan software

Business 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.
Try: An explanation of interactive and templated business plan software can be found in the review at Home Office Computing.

SWOT analysis

SWOT analysis is an outline of the potential growth of a business. The acronym stands for strengths, weaknesses, opportunities and threats.
Try: Find the definition of SWOT at Teneric business glossary.

Executive summary

An 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.
Try: Read the definition of executive summary at Deluxe Enterprise Operations.

Copyright © 2011 Business.com, Inc. All Rights Reserved.

---