This video, which narrated by founder and president of Palo Alto Software, Tim Berry, introduces the Business Plan Pro tour series of videos and covers the Start a Plan screen and Plan Setup menu in the software.
Welcome to Business Plan Pro. I'm Tim Berry the principal author and with this session I have the honor and privilege of introducing you to Business Plan Pro.
Looking right now at what you see when you first start the application you have three choices Open a sample plan Open an existing plan or Create a new business plan so we'll leave the sample plans for later, let's go now and I'm gonna take my mouse and I'm gonna go here and click business plan to develop a new business plan which brings us then to this first step in a nine step wizard that will help us get the right plan for what we actually need an I'm going to in this introduction go through pretty standard default selections but before I do I'd like to at least pause so you notice that you've got some options here that might be very useful to you: Keep it simple does in fact give you a much simpler, quicker, smaller business plan and should you choose to go that way and then and on later that's a perfectly acceptable option and the financial plan showing here which we won't choose gives you the business plan pro financials without dealing with the text of the tables or the formal document that accompanies it. But for our welcome session let's just click next here and then go on with a standard plan.
So our second step is choosing English, if you do speak Spanish then you'll be happy to see that there is the option of doing your whole plan in Spanish but for now for this introduction let's go to our next step.
We have slightly different tables for you and the slightly different outline depending on whether or not you're developing a plan for a startup business or an existing business. It has to do with how we set the balance sheet startup costs and some things like that you'll get in detail later on but for now for this example and when you choose the start-up business.
Now this is fairly important when will your plan start? For Business Plan Pro we recommend that your plan starts, if you're a startup company, on the month that you start actually receiving sales. That doesn't always have to be true but in most cases this would be the month that you start making sales so you adjust here. Be particularly aware of this if you are working with a sample plan, this is where you adjust your time frames and this adjustment will then set the columns on all your financial tables in the rest of the plan.
And then give your plan a name. This name by the way will be appearing as a page header if you accept the default format that's where you set it so give your plan a title, this is "Company Business Plan" for now.. And then we go on and we start making choices about some of the additional options I'm going to check both, in this welcome tutorial, because I think the SWOT is really important and so many companies now have a web site but you have the choice here notice as we go, you could leave these out.
Next step what do you sell don't worry too much about these answers in the wizard because you can always go back and change them and they're just giving the tool a general idea to help you with some examples. But, generally you'll choose between selling Services Products or both Products and Services. We'll go on with services and in this welcome session no we're not a nonprofit if you wore you have a different path to go down but no we're not a nonprofit.
And then finally setting the term the standard term business plan is usually enough for the vast majority of business plans were tiny about months of monthly projections and then year two and year three, and in your long-term goes out to year five. And before I leave this choice with the standard term let's remember that we're talking about detailed financials in this context your plan can cover conceptually and in text as long as you feel as is appropriate.