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Business Software

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  • 1. Business Software Colin Fletcher Beth Dalton Emily Bowers
  • 2. What are the advantages of using software to evaluate business plans?
    • Advantages
      • Dependable
        • with integrity of data and security, even for COM and ODBC accesses.
      • Flexible
        • users can add their own fields, tables, screens, processing options and reports to the standard data structures and programs. Giving a full software expansion facility.
      • Advanced
        • Enabling full integration and communication with external systems
      • Web enabled
        • over the whole system by XML, COM, E-mail and FTP giving the ability to set up your own internet shop, offering products to a world of potential customers
  • 3. What are the disadvantages of using software to evaluate business plans?
    • Disadvantages
      • You can’t control it because you don’t own it
      • If you connect to the internet, the software will be dependent on the speed that you connect.
      • Always having to keep your staff up to date with training and retraining.
  • 4. How might you choose between competing software packages to perform business planning?
    • Depends on what the goals/needs are for your company
    • There are different software packages for different businesses. ie. Marketing, Financial, Expert, Strategy, and Business.
    • Cash flow forecasting software
  • 5. What business software does…
    • It aids you of selling your product externally.
    • It helps guide you through the process of preparing a business plan.
    • Summarize business goals.
    • Projecting revenues and profits.
    • Shows you examples of successful business plans and helps finds potential problems in you plan.
    • Evaluates your business strategy.
  • 6. Business Software Demo The dialog begins in the Advisor section. It will ask you some basic questions like the name of your enterprise, the month and year you wish the plan to start, the name of your product or service and the names of your competitors.
  • 7. Business Software Demo
    • Then you will be asked a number of questions about you and your competitors. In this example you are asked to judge how well the market can differentiate between your offering (City Location Services) and those of your competitors.
    • Or a question like this that asks you to compare your distribution capabilities with that of your competitors.
  • 8. Business Software Demo This is the summary of an example critique. More detailed analysis covers the market, the environment, the competition, the prospect, your product or service, your pricing strategy and your promotion strategy. The critique is followed by observations that may stimulate you to rethink or expand upon your plan. The number of observations depends on the information you provided and how it interacts with the analysis rules. This outline shows the subjects considered by some of the observations.
  • 9. Summary of Business Software
    • Plan Write satisfies all of the business plan needs for a majority of our customers. However, there are some who would like to customize the plan contents to their specific requirements.
    • Plan Write is designed to be easily customized to your specific needs. Existing topics can be renamed, moved or deleted and new topics can be added. New topics can include new text, new custom charts and custom spreadsheets. You choose the order of every topic in your business plan.
    • The revenue and expense statements can be extended by creating linked spreadsheets for any line item. The linked sheets will appear as subtopics in the final report.
    • Any modifications to the format can be saved as a template for future plans. Each new plan you create uses the modified format!
  • 10. Would you support this recommendation? Why or why not? What do you think?
  • 11. Is it possible that is could slow the process down? Why or why not? What do you think?