Writing a business plan is a crucial step for both new ventures and existing companies that are looking to expand. Over the years our business plan software has helped thousands of people start and grow their companies. One of the most favored parts of Ultimate Business Planner is the sections that put together business plan financials. Entrepreneurs and small business managers simply enter projected income and expenses and let the program develop a balance sheet, breakeven analysis, cash summary, profit and loss statement, and more.

Last week we blogged about the four quick steps you need to take in Ultimate Business Planner for it to create your financial projections, such as profit and loss statements, balance sheets, cash plans, and financial ratios. We showed you the video about the first step, which was filling out the Company section that includes basic contact information, as well as company structure, ownership distribution, and credit policy. This week we’ll talk about income projections.

If you plan on starting a new business, how will you know if it will make money? Finding out the answer may be easier than you think. Preparing business plan financials can seem overwhelming. An easy tool to use to figure out the answer is Ultimate Business Planner. Our business plan software gives you an easy way to prepare projected profit and loss, balance sheets, cash plans, and many other types of financial projections.

The economy has been rough the last couple of years and lots of people have lost their job. Now that the economy is starting to pick up and people are becoming more hopeful for the future, entrepreneurs are beginning to emerge. Have you been thinking about a new business idea? Would you like to become your own boss? Are you planning to start a new business in 2011? If so, you may be wondering where to begin or how to write a business plan.