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Entrepreneur

Entrepreneurs are faced with a daunting challenge when trying to turn their vision into reality. Most businesses never get off the ground unless others can be convinced to "buy-in" to the concept. Whether you are trying to raise capital or ask a colleague to invest sweat equity, the ability to weave a compelling story around a great idea is essential. No business story is complete without the numbers and PlanGuru can help you build a financial plan.

Building a realistic and flexible financial plan (with an integrated income statement, balance sheet and statement of cash flows) in standard spreadsheet software is difficult even for seasoned financial professionals. Building a model for a hypothetical company means every number in the model must be developed without historical data as a guidepost. Your time needs to be focused on using your business judgment and making the right assumptions not building the structure of your analysis.

PlanGuru is a robust business planning framework around which you can construct your analysis. Set up wizards can guide you through the process and allow you to build your financial plan by line item. If you already have accounting software or have created an existing analysis in your spreadsheet software, import utilities allow you to transfer that data into your PlanGuru analysis.

A sound financial plan can serve as the backbone to a comprehensive business plan. Success is often determined by your ability to demonstrate a deep understanding of the key financial challenges and opportunities. Lock in your sound assumptions and run sensitivity analysis around the key variables. When you have had the opportunity to ask yourself the tough questions you will be prepared to talk to any audience. Put this data on paper by using PlanGuru's reporting features to create a professional looking financial plan complete with financial statements and charts.

The ability to convey your ideas to others is only a secondary reason for entrepreneurs to use PlanGuru. Launching any business will require an investment of time and money, you must be sure it is a good investment. This is why it is essential to critically examine any business opportunity regardless of the need to seek outside help. PlanGuru will serve as valuable decision making tool to help you determine both "how" and "if" to move forward.

Once your business is up and running it is important to track your progress against your plan. Budgeting and performance measurement with PlanGuru will help you clearly isolate what parts of your business plan are working and what is not. This will enable you to get out in front of problems before they become critical.

Other Business Scenarios and PlanGuru

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