LivePlan

Avantages

The ease of use; being able to input things simply

Inconvénients

The financial model tools (copying or increasing percentage) could be improved to make ease of use a bit easier

Avantages

I love the fact that it helps me think out my process and directs me in the right direction. It makes me want to learn more and perfect my writing. I have tried a lot of different plans and none compare to live plan. I have been using it for about a year now and it seems to be improving me and itself every time I use it. I highly recommend it to anyone starting or upgrading their business.

Inconvénients

At this point, I have no complaints. I literally had to study the first time I tried to do the financials because I really didn't know what I was doing. But I kept trying, and then it began to make sense. I think it's important to know what you are doing instead of a program that does it all for you. Liveplan doesn't do everything for you but guides you and in my mind, teaches you. To me it's like a college course in business management. I love it.

Avantages

Part of the business model is making money from unauthorized transactions.

Inconvénients

I canceled my account a month ago, but my credit card was charged again. I requested a refund, which was denied. Relying on unauthorized charges is a poor business practice. If you cannot handle cancellations online and promptly, then avoid issuing credit cards and stop auto-renewals.
When you see there is tons of negative review here and there, you should fix your system.
I expect a full refund, as my account shows that I haven’t accessed it in the past 30 days; I'm not using your service. I only tried it for a few days before canceling my account.

Avantages

I have used LivePlan for multiple companies. I find it incredibly supportive and easy to navigate.

Inconvénients

There is nothing that I don't like. LivePlan is an easy program for anyone to use. If you haven't created a financial forecast in the past, it allows you an easy path to follow. As you get better, it gets easier.

Avantages

The visual reports and ability to write business plans within a set framework

Inconvénients

Lack of customization of reports and struggling with a few areas such as payroll and fixed assets.

Avantages

very easy to use, quick to build forecasts for several years, amazing ai support

Inconvénients

limited sizes for the images to insert in the pitch

Avantages

I thought the sample plans were extremely valuable.

Inconvénients

I would like the capability to export the sample plans.

Avantages

The product flow. The plan guide allows you to move step by step through the planning process. Very easy to follow and is more or less a plug-and-play system.
The support team are most professional and very quick to respond.

Inconvénients

To date, nothing has cropped up causing me concern or to dislike the product.

Avantages

I like the way that it does all of the forecasting and calculations for you.
I like the format of the plan itself.

Inconvénients

I am currently having an issue with figuring out how to get the payroll taxes included.

Avantages

It was easy to find and use initially - but with major security flaws

Inconvénients

It's basically a scam and they have taken money from my bank and refuse to cancel my account despite multiple requests.

Avantages

Although we use excel to initiate the process - we always end up placing things within Live Plan

Inconvénients

Generally going out 5 years is more than fine with projections. However, we did have a situation where we brought a new division in 2 years later and we need to combine it with the original plan and would have liked it going 6 or even 7 years.

Avantages

Amazing piece of software. Must use for anyone attempting to go into business. A proforma alone will not cut it. This software makes it easy to forecast and project with the most important element being cashflow. Great, easy to use!

Inconvénients

Nothing, works amazing have 0 complaints about the software or the support.

Avantages

Easy to use, to formulate a plan and pitch.

Inconvénients

Cost. How often is one changing or updating the business plan. I couldn't justify the cost for something that I use once and revisit seldom for small updates.

Avantages

I like the convenience of LivePlan's Dashboard, which allows me to plug in data quickly!

Inconvénients

The LivePlan platform is fantastic, but it is currently cost-prohibitive.

Avantages

Simple and intuitive; easy for anyone to understand and operate.

Inconvénients

There are possibly too many features in the business plan section, but not really an issue.

Avantages

LivePlan has been straightforward and informative to do. Using AI has been such a useful tool.

Inconvénients

I haven't found anything I dislike about LivePlan.

Avantages

the ai writing helper. the prompts are pretty helpful and it remembers things from earlier questions

Inconvénients

the powerpoint maker, it might be the worst powerpoint i have ever seen

Avantages

I've really enjoyed using Live Plan. It's made my business planning much more digestible and organized.

Inconvénients

So far there's nothing that I haven't liked

Avantages

Easy to use and understand. It’s an opportunity to understand future sales forecasts.

Inconvénients

Tax percentage depending upon the city would help.

Avantages

Ease of use and able to easily change parameters

Inconvénients

wOULD LIKE TO SEE BASIC EVALATION FOR BUSINESS

Avantages

It has a great core structure and the potential to be a highly relevant tool.

Inconvénients

It does not function well with Xero. If you are not inside the American corporate system you should NOT be using this software. Regardless of what sales teams are saying or what is being pushed by digital teams.

This software is another example of forced coercion by the American corporate machine. The site is not user friendly in Australia against our taxation and terminology. The Xero sync does not work I have logged 100s of hours in this system trying to make it work but it's just not user friendly for an every day person like it is touting.

Avantages

I really liked working with LivePlan to build a business plan. LivePlan helped me with having a template available to build my business plan upon. I thought writing a business plan would be something I would have to outsource and get help with. LivePlan allowed me to take control of writing and creating my own business plan. I love that I can change and expand my business plan at any time! I can also share my plan with potential investors and feel confident that it is both organized and professional.

Inconvénients

I would like if the software would integrate with my accounting software, that way I can see in realtime how my cash flow is cooresponding with my company goals.

Avantages

This product may be good for existing business - it could be utilized for other businesses we operate that have an existing track record. However, it is not software to be used for a startup business.

Inconvénients

For a startup business looking into sales forecasting, it is highly unusual to post monthly revenues and costs - it is 'overly precise' and a recipe for failure. Quarterly and semi-annual forecasting is absent from the software package. I do not know of businesses which file taxes each month nor annually, but those are the options provided by LivePlan.

Avantages

Live Plan was perfect for my needs - it helped me shape my strategic plan and think through my start-up capital requirements and revenue projections. I loved that it gave me some industry benchmarks and suggested budget items (like employee payroll liabilities) I hadn't thought of. The templates were also very helpful to show me what a plan should look like.

Inconvénients

I didn't like that the software didn't highlight at the beginning how to coordinate between my LivePlan line items and my Quick Bookls like items. It made using the review feature (to compare projections with performance) more difficult to use.

Avantages

Logical & progressive layout, detailed instructions, examples. I especially appreciate that so far, I have hardly run into any situation that I could not accurately represent in the business plan because there has always been an appropriate option.

Inconvénients

I haven't used every feature yet. I will update if I have suggestions, but for now I'm still learning.