If you’re using the new year to launch a new business but find yourself challenged by how to draft an effective business plan, you might want to check out Enloop. The online service is designed to make it quicker and easier for you to provide an accurate financial forecast for bankers and investors.
Enloop’s AutoWrite feature instantly generates data-rich content for several key sections of your plan. Within this text, blue bubbles identify financial figures that are automatically updated based on your company’s forecast, so data will remain up to date if you alter your financial plans without your having to change those individual figures manually.
You can edit, add to or delete Enloop’s automatically generated text and insert additional data points elsewhere in your plan. You can also add photos, tables and content from other websites in the text of your document.
Enloop also generates graphs for significant reports in your plan. And the service will even provide its own real-time Enloop Performance Score to give you an indication of how your business will fare, based on your input. The score is a predictive algorithm based on quantitative variables that can measure your business’ strength or weakness and contains safeguards to prevent it from being artificially inflated. The higher your numerical score, the more likely your business is to succeed, according to Enloop.
Enloop offers both free and paid versions of its service, with the latter ranging from $9.95 to $39.95 per month. The AutoWrite feature and other advanced components are only available in paid versions.