In preparing a business plan, many resources and support services can be taken advantage of; some of these include sources of written information (books, portals, etc.), mentoring programs, trainings, consultancies and electronic planning templates (software). The latter being the most popular these days.

A business planning software is a great tool to assist you in creating a business plan, making cash flow forecasting, financial projections, developing a business's strategic plan plus more. But how do you choose the right software for you? What are things to consider? Here are some software for business planning purposes.

Plan Write: Plan write is considered the easiest to use and the most comprehensive package. A wizard walks you through the process of creating your business plan, providing explanations of each business concepts. Microsoft Vista compatible, Plan Write price ranges from $49.95 to $219.95

Business Plan Pro 2007: Another popular business planning software is the Business Plan Pro. It also considered user friendly by many. The standard software price ranges from $59.99 to $99.95.

Automate your Business Plan: A companion software to the "Anatomy of a business plan" software, it also considered simple to use, and provides you a guide in making your business plan and gives you examples along the way. Version 2006, the software price ranges from $80 to $95.

Free Plan: A product of Free Ware, Free Plan is a business Plan Guide and template. As suggested by its name, the software is free of charge. It is ideal for new and established businesses seeking to expand, raise finance etc. It is comfortable to use and provides a tutorial online before you download the product.

Biz-Plan: Also a product of Freeware and is a sister product of Free Plan. Biz Plan is a Business Plan Guide and Template. It consists of detailed framework, structure&contents for a business plan with links to additional guidance. Biz-Plan can be downloaded for free.