Fri 15 Apr 2016 | By:

5 Solid Resources for Writing a Business Plan in Illinois

Write a Business Plan

Starting a business in Illinois is an excellent decision and one that you will never regret for the rest of your life.

Illinois is a great state to start a small business and I’m sure that you’re going to have an easy time setting-up your business because both government and private sectors have teamed up to give you the best and most useful small business resources.

For you to survive in the state’s competitive business market, you need to know how to start a business in Illinois on the right track. The only chance that you have to boost your chances of business success is to write a solid business plan for your Illinois small business.

Writing a business plan no longer needs experience because there are so many tools and services that you can use to assist you. These business planning tools may come free or with an affordable price – budget friendly, yet efficient. To help you get started, this article will introduce you to 5 solid resources that will help you write a solid business plan for your Illinois startup.


1) LivePlan

LivePlan is the best business plan software in the entire industry. Thousands of entrepreneurs have used the assistance of LivePlan while making their business plans and it has proven how useful it is time and time again. As one of the most sought-after business plan software options, LivePlan assures clients of quality features and services.

Some of its most practical and efficient features include the following: a learning center with video and text instructions, collaboration and share features, multiple-user support, 10 useful themes to choose from and financial data import tool.

LivePlan is fit for any budget because it offers the most affordable packages starting at $11.66 per month. Find out its complete features by checking out our comprehensive LivePlan review.


2) SBA’s Business Plan Template

Prepared by the U.S. Small Business Administration, the SBA business plan template is a practical business plan tool that will help you come up with a solid business plan for your Illinois startup. It is a free and easy-to-use tool which you can use anytime you want.

Just make a free account, set-up a username and password and you’re good to go. You can log-in to your account anywhere with any device as long as you have an internet connection in place. Work on your business plan whenever you like it and wherever you feel like it.

Save your business plan through PDF and download it if you need a soft copy or hard copy. Also, the SBA saves your business plan for up to 6 months from your last date of log-in so you don’t have to worry about anything. Check out how the tool works, try it for free now!


3) How to Write a Business Plan: A Quick Guide

Writing a business plan in the traditional way is still the most efficient way to get the best end result. You’ll be able to learn so much as you write your business plan and you can gain a substantial amount of experience. You can use this experience later on when you want to write another business plan for a new startup.

When questions are asked, you can easily answer them because you know every detail of your content. Should problems arise in the future, you can go back to your plan, turn to the one page where the solutions or answers to your problem lie and decide what to do next.

If you want to try the traditional way of writing a business plan, this 3-step, easy-to-use guide contains every detail and instruction.


4) Enloop

Enloop is another great tool that can fully assist you as you write a business plan for your Illinois small business. With its efficient tools and services, you’ll be able to get your business plan done in no time. Enloop is an experienced business plan software and one of the best in its field so you’re 100% assured that you’ll only get the best service.

One of the best things about this software is it’s free to use, unlike most which you have to pay for. Enloop doesn’t have a trial period nor an expiry date so you can basically use it for as long as you want. If you want premium or more advanced functions, you can also upgrade your free version for an affordable price.

An autowrite tool, the ability to format and edit your business plan according to your specifications, share and collaboration features and PDF saving are just some of Enloop’s excellent features. Check out more about the business plan software by reading our complete Enloop review.


5) StratPad

StratPad is a promising business plan software that is slowly becoming popular among entrepreneurs. The software is so easy to use that first-time business owners highly recommend StratPad for beginners. It provides you with video and text instructions so you’ll be able to work your way through the software efficiently.

For an affordable price of $8.25 per month, you can take advantage of the following StratPad features: a downloadable business toolkit, automated financial statements and reports and the use of a sub-application called StratPad Connect which will give you full support in finding funding and professional advice. Read more about the software, check out our StratPad review.


Wrapping up and Planning for Success

A business plan is not a requirement when starting a business in Illinois, but you’ll definitely need one to guide you. Without a business plan, you won’t be able to determine if your business idea is feasible or financially viable in the first place.

You will not be able to make reasonable and well-rounded decisions because you have no point of reference or accurate data that can back you up. Later on, these poor decisions will hunt your business and you’ll realize that you could have avoided them if you had a business plan.

If you really want to lead your Illinois small business to success, you have to make sure that you place a business plan on top of your to-do list. Whether you plan to use these tools or not, the important thing is you know the importance of having a business plan and you’re convinced that it can do great wonders for your Illinois startup. Good luck!

About Ryan James

Half hardworking hermit, half avid adventurer, Ryan founded Startup Savant to simplify entrepreneurship and pay it forward by donating a portion of all revenue to support children's education via