LivePlan Review - Best Business Plans for SMBs
Written byBranko Krstic
Updated · Oct 18, 2022
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- Step-by-step guidance
- 500+ business plan samples
- Automatic financials
- Great pricing
- No free trial
- No mobile app
Are you considering starting a business but struggling to develop a financial plan?
LivePlan might just be the right fit for you. The business plan builder helps small companies kick off and succeed by assisting them every step of the way.
After analyzing dozens of LivePlan reviews and testing the service ourselves, we gathered the most important information about the platform and summarized it for you.
We also give some pointers on how to use LivePlan to maximize the benefit for your business.
But first, what is LivePlan?
What Is LivePlan?
LivePlan is one of the best business plan software on the market. The platform is famous for its easy-to-use interface and its effective, streamlined business processes.
LivePlan Best Features
The handy LivePlan features are designed to make your marketing and sales plan stand out. We tested them all and compiled a list of the ones we found the most useful:
- Fundable business plan creation
- One-page business plan program
- Step-by-step guidance
- 500+ samples
- Automatic financials
- Financial performance tracking
Business Plan Building
In this section of the LivePlan review, we get into more detail and explain how to use each of these tools.
Once logged into the LivePlan app with an active subscription, you get access to a guide describing step-by-step how to develop your plan.
The platform abounds with definitions, videos, and tutorials for those who are new to making a LivePlan business plan.
But the guidance doesn’t stop here.
LivePlan can walk you through all features it has.
Fundable Business Plan Creation
LivePlan makes plan creation seem like a walk in the park. The company designed its platform so that individuals would need little to no knowledge about creating a business plan.
The software will help you create successful LivePlan campaigns to get funding.
For every step you need to take, the site will guide you through by prompting you to fill out the necessary information or by offering you definitions and tutorials.
One-Page Business Plan Creation
Most LivePlan marketing reviews recommend starting with a one-page business plan, then take it from there, and we at Web Tribunal wholeheartedly agree.
One-pagers can come in handy when you have to present your idea in the simplest and fastest way possible. This is also a great way to have the basics down before expanding into a more detailed financial plan.
500+ Templates for Business Plans
Composing a financial plan can be tricky, especially if you’re doing it for the first time.
For this particular reason, LivePlan’s samples are well and truly loved.
Having hundreds of LivePlan templates at your disposal is more than ideal.
Financial reports are a pain even for experienced businessmen. Knowing this, the developers of the website made a feature called automatic financials.
You don’t need any prior financial knowledge to use it to create quite advanced financial reports. You can make your budget, sales forecast, charts, graphics, and much more.
No wonder it’s so often praised in LivePlan reviews.
Financial Performance Tracking
Knowing your goals and tracking the progress you’re making is the key to success. LivePlan’s financial performance tracking service can help you achieve just that.
This feature and the LivePlan dashboard make tracking easy and fun.
Apart from access to public accountants, LivePlan offers integration with two accounting software.
Files from both QuickBooks and Xero can be imported into the business plan writing software.
Unfortunately, the website doesn’t allow importing data from Excel.
What We Disliked
The majority of LivePlan reviews in 2022 are extremely positive, but we did notice a few shortcomings while testing the business plan generator.
No Free Trial
The first thing we didn’t like about LivePlan was the lack of a free trial. Even though the company guarantees refunds, it’s not the same as a proper LivePlan free plan or trial
As a general rule, users are far more likely to give the software a try if they can get a feel of the service without providing any credit card information.
Higher Price With Monthly Prescriptions
LivePlan allows you to choose whether you want to pay monthly or yearly. However, the monthly price is unreasonably high, nudging customers to opt for the annual subscription.
While that’s not a huge issue per se, some users who chose to subscribe to the yearly plan complain in their LivePlan reviews that they had difficulty canceling their subscriptions.
LivePlan Plans & Pricing
There are two LivePlan pricing options:
The standard plan is meant for those individuals who only need LivePlan for its business plan creator capabilities. It includes the step-by-step guide, samples, one-page pitch builder, automatic financial statements, and financial forecasts.
This plan has every feature the standard one does, plus live forecasts, key assumptions and risks, sync with QuickBooks and Xero, a performance dashboard, industry benchmark data, and a milestone planner, among others.
LivePlan Customer Service
Our experience with the LivePlan support team was excellent.
The company has a live chat set up on its website for immediate queries.
The agents are also available via email and phone.
According to their policy, customer support representatives will answer your inquiry in a maximum of three business days.
And they keep their word!
The promptness of their responses is one of the things that sets this company apart from the competition.
LivePlan User Reviews
The LivePlan rating across several different user opinion platforms is incredibly high—four stars or higher.
Customers are generally satisfied with the services of the company. They often praise its easy-to-use interface and excellent guides.
The most common complaints are concerning the pricing and some issues with refunds.
Although one LivePlan review mentions the affordability of the service, most users claim its monthly business plan software packages are on the pricier side.
LivePlan reviews on Reddit are not abundant but are all extremely positive. Redditors adore the software’s straightforwardness, claiming it creates the best business plans.
Is LivePlan Worth It?
In spite of the couple LivePlan problems we outlined, its services are well worth the price.
The website is user-friendly, customer support is exceptional, and the features it offers are essential for starting a business.
The numerous positive LivePlan reviews by satisfied users are a true testimony of its quality.
Although the business plan app is great, it might not be to everyone’s liking.
For this purpose, we created a list of some LivePlan competitors you can check out.
BizPlan vs LivePlan
These two web platforms have somewhat similar pricing. With a $29 monthly subscription, BizPlan is slightly more expensive. It does, however, offer lifetime access at a very reasonable price.
BizPlan is better suited for small businesses with one to ten employees. In comparison, LivePlan is best for small to medium-sized companies with one to 50 employees.
Business Plan Pro vs LivePlan
Business Plan Pro is cheaper—it comes as a one-time purchase and not a monthly subscription.
However, Business Plan Pro only works on Windows. LivePlan, on the other hand, is an online application.
This means you can access it from any device.
LivePlan vs PlanGuru
The main difference between the two business planning software is the free trial. You can try PlanGuru for free for 14 days to get a feel of the service before purchasing it.
Then again, PlanGuru is more expensive than LivePlan. It comes at a monthly cost of $99.
LivePlan is the best business plan app for small to medium-sized businesses.
Not only does it come at an accessible price with the yearly subscription, but its features are a must for those who have or consider starting a small business.
During our LivePlan review process, we were impressed by the product’s user-friendly interface, comprehensive guides, and business plan samples that make your work thousands of times more manageable.
We can honestly say that LivePlan is worth every cent. If you own a small company, we recommend you give it a try.
The web platform can’t be accessed for free, but it does offer new users something else. LivePlan comes with a 60-day money-back guarantee, which is somewhat similar to a free trial.
Although credit card information is a must, a new user can cancel and ask for a refund anytime for whatever reason.
There are two plans you can choose from. The LivePlan cost starts at $20 per month for the standard subscription and $40 per month for the premium plan.
If you opt for a yearly subscription, you’ll get a 25% LivePlan discount. What’s more, the 60-day money-back guarantee applies to both of these plans.
LivePlan is ranked among the best business plan software for 2022 worldwide. Check out our selection of the best business plan creation tools to see how we evaluated it.
The website is completely legit and the numerous positive customer LivePlan reviews are just one proof of that.
The company also has several success stories on its website available for potential customers to read. Its main focus is helping small businesses, no matter if they are just starting or already exist.
Branko is a round-the-clock tech geek and loving it. His ideal vacation destination is the Akihabara District (or really any place he can take his computer). If there’s a server out there, count on him to find out what it’s made of… and tell you all about it.
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