Let's talk about a tool that can really make your life easy when you have a business plan project for your students - LivePlan!
What is it?
An online web-based tool that helps
users to write professional business plans.
The tool includes expert advice, built-in help, online access,
team access and sample business plans.
How does a student access it? I
piloted LivePlan in my Principles
of Business Classes. Palo Alto Software provided me with a promo code
to share with my students. If you are interested in sharing LivePlan
with your students you should contact Jason Gallic at
does a student use it for?
used the tool for a semester-long team project in which they create a business
How does it relate to
use this product to create their business plans initially and continually update
their plans on an ongoing basis.
What did I like about LivePlan from an instructor's perspective?
Prior to using LivePlan,
I provided students with a Word document template for their business
plan. Even though I encouraged students to use a collaboration tool
such as Google Groups, many did not. They were emailing the plan back
and forth between each other and it was difficult to keep track of
versions and changes. LivePlan
really facilitated communication between students who were in a team on
the business plan project. Students could comment on sections of their
business plan and collaborate on what to change in their plan without
having to meet face-to-face. From an instructor's perspective, students
set me up as a guest so that I could view their plans along the way. I
was able to comment on each section of the plan for them to improve the
plan prior to the end of the semester. When it came to grading the
project, it was easy to go back into LivePlan and view the full plan with my previous comments.
What could Palo Alto do to improve LivePlan for use in the classroom?
- I would like the ability to have a grading
rubric in each section to make sure that students have considered all points in
- There were some limitations in terms of what could be attached in
LivePlan. Currently, the product only allows .jpg attachments to a business plan. I
would like to see the ability to attach a word document, power point, or
excel spreadsheet also.
- When I am teaching multiple sections of the class, I would like the ability to set up
a class section within Liveplan so that I don’t just have a bunch of plans and
I’m not sure which plans go with which class sections.
- Spell check should be incorporated into the product.
I've attached an instruction sheet that you can tailor and distribute to your students to help them use http://www.liveplan.com/