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Prepare your Business Plan with Holded
Prepare your Business Plan with Holded

Track your company's performance in real-time. Set goals and analyze them in different scenarios.

Rocío avatar
Written by Rocío
Updated over a week ago

A business plan is an internal document that defines your company's goals. Therefore, we have created the Business Plan feature so that you can create your plan, define concrete growth objectives, and define different scenarios.

You will do real-time business analysis and make data-driven decisions to improve your marketing strategy, financial projections, market research, and business purpose, among others.

Finally, we recommended that all companies or enterprises have their plan, as it will allow them to review and check whether they are achieving their goals.

With Holded's Business Plan, you will be able to

  1. Monitor the evolution of your business in real-time.

  2. Analyze real data of your activity, integrating objectives, scenarios, and projections.

  3. Verify your business viability, either for investors or other team members.

  4. Analyze the future of your business by presenting hypothetical.

  5. Set goals from amounts or targets over time.

  6. Visualize profit-and-loss goals.

  7. Create sections and categories to group accounts in each scenario.

To create your business plan with Holded, you have to:

  1. Click on Analytics.

  2. Access Business Plan.

  3. Click on Set Main Scenario and fill in the basic scenario information.

When using the business plan, what should you consider?

The Business Plan contains several elements and allows you to create scenarios to evaluate how your business will evolve. Here's a look at what each of these elements are and what they do:

The table and how it is structured

When you access the Business Plan, you will find a table that integrates your business information recorded in the Income and Expenditure Accounts (Groups 6 and 7) and your goals.

Therefore, if you read the table vertically, you will notice it is separate into two parts: One shows the past activity, and the other show your goals projections. If you want to move through time in the chart, use the arrows on your keyboard.

When you start working on this table, you will be able to set future goals and to correct some past goals.

Finally, please note that Holded generates three accounting groups: Revenues, Cost of Goods Sold, and Other Expenses. If this structure does not suit your company, you can customize these groups by clicking the three-dot button (⋮) in the upper right corner of the screen. A menu will appear where you will find the 'Groups and Subgroups' section.

How to create and edit goals

If you want to edit your goals, there are different ways to do it, but the most popular is to click on the button with three dots (⋮) in the upper right corner of the screen and select Edit Goals.

Also, you can edit your goals from the table by double-clicking on the cells you want to change. The table will switch to edit mode, and your cell will be highlighted.

Finally, note that if you define a goal based on another goal in a cell, you can drag that condition to the rest of the cells.

How to create different scenarios

A scenario is a space in which you can define objectives for a certain period of time based on a quantity or some other target. To set a scenario from the business plan, you need to

  1. Click the three dots (⋮) button in the upper-right corner of the screen.

  2. Click Edit Scenario and complete each field.

  3. Fill in the table with the data for this scenario.

Finally, remember that if you have previously defined goals, they will be automatically transferred to the Business Plan table.

Keyboard shortcuts

Using different keyboard shortcuts is one of the main advantages of the Business Plan. Discover them in the following list:

  • The keyboard arrows and the Enter key

    You can use the arrow keys on your keyboard to move from cell to cell. In addition, when you press the Enter key on a cell, you can move to the next cell and continue to work on it.

  • The Control (Ctrl) +... key

    You can use Ctrl+c to copy the values or names of the accounts in the left column, and use Ctrl+v to paste them wherever you want. This shortcut is useful, for example, when you need to edit a goal on the basis of an amount or on the basis of another goal.

    On the other hand, you can use the Ctrl+g shortcut to save the changes you have made.

  • The Esc Key

    You can close the panel and quickly exit the table editing mode by pressing the Esc key in the upper left corner of your keyboard.

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