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9 Best AI Business Plan Generators (May 2024)

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In today's fast-paced business world, having a well-crafted business plan is essential for securing funding, guiding decision-making, and charting a course for success. However, creating a comprehensive and persuasive business plan can be a daunting task, especially for entrepreneurs and small business owners who may not have extensive experience in this area. Fortunately, the rise of AI tools has improved the creative process, making it more accessible, efficient, and effective than ever before.

We will explore the top AI business plan generators that can help you create a winning plan for your venture.

1. Upmetrics

Upmetrics is an AI-powered business plan tool that guides individuals and small businesses through the process of writing a top-notch business plan. With its user-friendly platform and step-by-step guidance, Upmetrics makes it easy for anyone to create a professional-quality plan, regardless of their level of business expertise.

The tool offers a wide range of features, including 400+ business plan samples, AI-assisted writing, and financial forecasting up to 7 years. Upmetrics also provides an AI-generated pitch deck feature, allowing users to create a compelling presentation in less than an hour. The platform's flexibility and adaptability make it suitable for various industries, from tech startups to retail stores and service businesses.

Key features of Upmetrics:

• 400+ business plan samples
• AI-generated business plans (Entirely AI-generated)
• Financial forecasting up to 7 years
• AI to create pitch deck in less than an hour
• Free guides and educational resources
• Real-time cloud storage
• Easy collaboration and sharing option

Visit Upmetrics →

Plus AI is an AI-powered tool that specializes in creating professional, well-designed presentations, making it an ideal choice for crafting business plans. The platform integrates seamlessly with Google Slides, allowing users to access built-in editing and collaboration features.

With Plus AI, users can generate a comprehensive business plan outline based on a brief description of their business, which can then be easily edited and rearranged to suit their specific needs. Plus AI offers the flexibility to generate slides one at a time or create an entire presentation in a single step, making it a versatile tool for businesses of all sizes. The platform also provides a free trial, allowing users to explore its features before committing to a paid plan.

Key features of Plus AI:

• Direct integration with Google Slides for easy editing and collaboration
• Customizable slides that can be edited, revised, and themed after generating a first draft
• Slide-by-slide or full presentation generation options
• Free trial available for users to try Plus AI before committing to a paid plan

Use discount code: UNITEAI10 to claim a 10% discount .

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Visit Plus AI →

3. Storydoc

Storydoc is an AI-powered business plan generator that simplifies the creation of interactive and persuasive business plans, without requiring any design skills. The platform offers a user-friendly interface with a wide selection of interactive slides tailored for startups and new businesses, which can be easily customized to align with the user's vision and requirements.

Storydoc's AI Presentation Designer creates scroll-based, web-friendly, and mobile-optimized presentations, complete with performance analytics. The platform also ensures the security and privacy of user data, adhering to stringent security protocols and industry best practices. With Storydoc, users can create engaging presentations that capture the attention of investors and stakeholders.

Key features of Storydoc:

• AI Business Plan Presentation Designer for scroll-based, web-friendly, and mobile-optimized presentations
• Secure and reliable platform that ensures the security and privacy of user data
• Interactive slides that can be customized to align with the user's presentation vision and requirements
• Mobile-optimized presentations that look great on any device
• Integrations with Calendly, Loom, YouTube, Typeform, and more for added functionality

Visit Storydoc →

4. 15minuteplan

15minuteplan.ai is an AI-powered generator that streamlines the creation process, allowing entrepreneurs and small to medium-sized enterprises (SMEs) to produce effective documents in just 15 minutes. Designed to make business planning universally accessible, the platform caters to users of all levels of business or writing experience.

With its advanced AI algorithms, 15minuteplan generates comprehensive, up-to-date plans based on the latest market trends and best practices. The platform also features a unique ‘Talk To Plan' functionality, enabling users to dictate specific changes or additions, which are then seamlessly integrated by the AI. Additionally, 15minuteplan supports various languages, making it accessible to users worldwide.

Key features of 15minuteplan:

• AI Creation based on the latest market trends and business best practices
• Talk To Plan functionality for easy dictation of changes or additions
• Multilingual support for 10+ languages, with more being added continuously
• User-friendly interface for inputting essential business information
• Downloadable Word document for easy sharing and modification

Visit 15minuteplan →

5. Notion AI

Notion AI is an AI-powered tool in Notion that simplifies the creation of comprehensive business plans, emphasizing an organized and structured approach to business strategizing. The platform offers a wide range of features designed to streamline the business planning process, including AI-driven content generation, rewriting, shortening, expansion, and tone adjustment.

Notion AI seamlessly integrates with the Notion platform, allowing users to access features such as database creation, organization, and management, as well as collaboration and sharing options. With Notion AI, users can create tailored content that aligns with their business objectives and voice, while significantly reducing their workload in crafting compelling narratives that secure buy-in from investors and stakeholders.

Key features of Notion AI:

• AI-driven content generation, rewriting, shortening, expansion, and tone adjustment
• Integration with Notion for database creation, organization, and management
• Collaboration and sharing features for inviting team members and stakeholders
• Real-time cloud storage for secure and accessible data
• Streamlined business planning process for crafting compelling narratives

Visit Notion AI →

6. Beautiful AI

Beautiful AI is an AI-powered presentation software that enables users to create stunning business presentations and plans in no time, without requiring any design skills. With this platform, users simply need to add text, and Beautiful AI will transform the content into elegant presentation slides, eliminating the need for manual image resizing or content placement.

The business plan template can be accessed by logging in, and users will be prompted to fill out a few key details about their business. Beautiful AI offers a wide range of features, including 65+ smart slide templates, custom presentation themes for brand consistency, and hundreds of customizable starter templates, ensuring that users never have to start a presentation or business plan from scratch.

Key features of Beautiful AI:

• 65+ smart slide templates with pre-designed slide galleries
• Brand consistency with custom presentation themes
• Hundreds of customizable starter templates
• Designerbot for creating first drafts based on user requirements
• Effortless content transformation into elegant presentation slides

Visit Beautiful AI →

7. Wordkraft AI

Wordkraft AI is an AI-powered web application that generates optimized, authentic, and high-quality content for various needs. Utilizing the powerful large language model GPT-3.5, Wordkraft AI specializes in creating content tailored to specific requirements, including professional and well-organized business plans. This tool helps users efficiently develop strategic documents that meet their unique business goals.

The platform offers a template that can be used to create a draft by providing essential details about the business. Wordkraft AI's AI capabilities assist users in creating content that aligns with their business objectives and voice, while also supporting collaboration and sharing features. With real-time cloud storage and seamless integration with the Wordkraft platform, Wordkraft AI is a valuable asset for business planning and presentations.

Key features of Wordkraft AI:

• Integration with Wordkraft for database creation, organization, and management
• A template for creating drafts by providing essential business details

Visit Wordkraft AI →

Bit AI is an AI-powered platform designed to enhance the creation of interactive and collaborative strategic documents. It features powerful wikis and AI writing tools that help in crafting well-structured and engaging content. With Bit AI, users can produce visually appealing and informative documents that effectively communicate their strategic vision.

The platform supports real-time collaboration, allowing team members to work together seamlessly on documents and incorporate feedback efficiently. Bit AI also ensures that documents are fully responsive, adapting to different devices for optimal accessibility and readability. Moreover, users have the option to create private documents, enhancing data privacy and security.

Key features of Bit AI:

• Interactive and collaborative business plans for fostering teamwork and creativity
• AI writer features for crafting clear and coherent content
• Real-time collaboration for seamless teamwork and feedback integration
• Fully responsive documents that adapt to different devices
• Private document sharing for data privacy and security

Visit Bit AI →

9. Simplified

Simplified is an all-in-one AI-powered platform that offers a comprehensive solution for managing marketing efforts and crafting engaging content, along with a unique feature for creating a business plan. The platform's AI Business Plan Generator is designed to assist entrepreneurs and small business owners in rapidly producing professional and detailed strategic documents.

With its advanced AI capabilities, Simplified provides accurate growth forecasts and investment strategies, enabling users to make well-informed decisions for their ventures. The platform offers customization options to ensure that the final output aligns with the user's vision and goals. Additionally, it supports collaboration, allowing team members to contribute effectively to the document. Integrated marketing tools further establish Simplified as a versatile solution for both strategic planning and marketing needs.

Key features of Simplified:

• Efficient business planning with a professional and comprehensive plan created in just a few clicks
• Accurate growth forecasts and investment strategies provided by AI capabilities
• Customization options to align the business plan with the user's vision and goals
• Collaboration features for working with team members on a comprehensive and accurate plan
• Integrated marketing tools for a cohesive and effective marketing strategy

Visit Simplified →

Creating the Best Business Plans with AI

The rise of AI-powered business plan generators has changed the way entrepreneurs and small business owners approach the crucial task of planning for their ventures' success. By leveraging the top 10 AI generators discussed in this blog post, users can streamline the creation process, ensure professional-quality plans, and access valuable insights and forecasts.

From Upmetrics' user-friendly platform and step-by-step guidance to Simplified's all-in-one solution for business planning and marketing, these AI-powered tools cater to the diverse needs of businesses across various industries. By harnessing the power of AI, entrepreneurs can save time, effort, and resources while creating compelling and persuasive plans that attract investors and guide their decision-making processes.

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Alex McFarland is an AI journalist and writer exploring the latest developments in artificial intelligence. He has collaborated with numerous AI startups and publications worldwide.

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Frequently Asked Questions (FAQ)

• Initiate with Your Business Concept: Lay the Groundwork: Start by introducing your business idea into Plannit AI's Business Plan Generator. This first step is crucial, as it sets the tone for a tailored, insightful business plan that truly resonates with your vision. Capture the Essence: Our platform is designed to grasp the nuances of your concept, ensuring that the generated plan accurately reflects the core and potential of your business.
• Navigate Through the AI-Guided Questionnaire: Tailored Interactive Experience: Plannit AI’s AI-guided questionnaire is your interactive guide through the planning process. It meticulously gathers information about your business's objectives, strategies, and market positioning, ensuring a comprehensive and reflective plan. Intelligent Feedback and Suggestions: As you progress through the questionnaire, benefit from smart prompts and suggestions, ensuring that your plan is not just detailed but also strategically sound and aligned with industry standards.
• Generate Your Plan with Advanced AI: Intuitive Plan Creation: With the questionnaire complete, Plannit AI's advanced algorithms intelligently analyze your responses. They then craft a detailed, customizable, and strategically aligned business plan, providing you with a structured, coherent, and actionable format. Benefit from AI-Powered Insights: Plannit AI offers AI-driven insights and suggestions, ensuring your plan is not just a document but a strategic tool equipped with tailored AI prompts and an in-app plan editor. Get inspired by browsing through our sample business plans, a collection of successful strategies across various industries.
• Finalize Your Plan with Confidence: Dynamic Adaptation and Refinement: Plannit AI recognizes that a business plan is a living document. Our platform allows for continuous adaptation and refinement, ensuring your strategy remains agile, relevant, and aligned with your evolving business goals. Professional Presentation and Sharing: Once your plan meets your standards, utilize Plannit AI's export features to present your plan professionally. Choose between various formats for exporting your business plan, ready to impress stakeholders, attract investors, or guide your team. Review and Adapt: Ensure your business plan is a living document, ready to evolve with your growing business. Plannit AI's dynamic platform allows you to adapt your strategy as new opportunities or challenges arise.
• Roadmap for Success: At its core, a business plan acts as a strategic guide, providing detailed steps on how your business will achieve its objectives. It helps you navigate the startup phase, manage growth effectively, and tackle unforeseen challenges with a well-thought-out strategy.
• Securing Funding: For startups and businesses looking to expand, a business plan is crucial for securing loans or attracting investors. It demonstrates to potential financial backers that your business has a clear vision, a solid strategy for profitability, and a plan for delivering returns on their investment.
• Informed Decision-Making: A well-prepared business plan offers valuable insights into your market, competition, and potential challenges. This information is vital for making informed decisions, from day-to-day operations to long-term strategic shifts.
• Market Analysis and Strategy: It allows you to conduct an in-depth analysis of your target market, understand customer needs, and position your product or service effectively. The marketing strategy outlined in your business plan helps in identifying the best channels and tactics to reach your audience and achieve market penetration.
• Financial Planning: One of the most critical components of a business plan is the financial forecast. It outlines your funding requirements, expected revenue, profit margins, and cash flow projections. This section is essential for budgeting, financial management, and ensuring the financial viability of your business.
• Goal Setting and Performance Measurement: A business plan sets clear, measurable goals and objectives. It provides a framework for monitoring performance, measuring success, and making necessary adjustments to stay on track.
• Aspiring Entrepreneurs: If you're at the idea stage, looking to transform your vision into a viable business, Plannit AI offers the tools and guidance to bring your concept to life. Our platform helps you articulate your business idea, define your target market, and develop a solid plan to turn your dream into reality.
• Students and Educators: For students delving into the intricacies of business planning and educators teaching the fundamentals of entrepreneurship, Plannit AI serves as an invaluable resource. It provides a practical, hands-on tool for learning and teaching how to create detailed business plans, analyze markets, and understand financials in a real-world context.
• Startup Founders: In the dynamic startup environment, Plannit AI is the ideal partner for founders looking to pivot quickly, secure funding, or understand their competitive landscape. With our AI-driven insights and market analysis tools, startups can make informed decisions and adapt their strategies to thrive in competitive markets.
• Small Business Owners: For small business owners seeking to optimize their operations, expand their customer base, or explore new markets, Plannit AI offers targeted solutions. Our platform simplifies the planning process, enabling owners to focus on growth while managing the day-to-day challenges of running their business.
• Consultants and Freelancers: Consultants and freelancers specializing in business development, strategic planning, or financial advising will find Plannit AI a powerful addition to their toolkit. It allows them to provide clients with comprehensive, data-driven business plans and strategies, enhancing the value of their services.
• Non-Profit Organizations: Leaders of non-profit organizations can leverage Plannit AI to plan initiatives, secure funding, and manage resources more efficiently. Our platform helps non-profits articulate their mission, set achievable goals, and measure their impact, ensuring they can make a difference in their communities.
• Innovators and Inventors: Individuals looking to commercialize innovative products or technologies can use Plannit AI to navigate the complexities of bringing new ideas to market. From patent strategies to go-to-market plans, our platform covers all bases, ensuring innovators can focus on what they do best.
• Small Business Development Centers (SBDCs) and Government Agencies: Government and SBA backed entities can greatly benefit from integrating Plannit AI into their services, enhancing their ability to support a larger number of clients more efficiently. By facilitating quicker, more in-depth business plan development, these organizations can spend more time assisting with plan execution and less time on creation, ultimately serving their communities more effectively.
• Anyone with a Business Idea: Ultimately, Plannit AI is for anyone with a business idea, regardless of industry, experience, or stage of business development. Our mission is to democratize business planning, making it accessible, understandable, and actionable for everyone.
• Interactive Questionnaire and ChatGPT Integration: Plannit AI transforms the business planning process into an engaging conversation. Through our advanced ChatGPT integration, we offer a questionnaire that dynamically adapts to your responses, ensuring your plan is personalized, comprehensive, and aligned with your business goals.
• Dynamic Planning Environment: Unlike static templates provided by many, Plannit AI introduces a living platform that grows with your business. It features real-time updates, strategic insights, and a feedback mechanism that keeps your business plan current and actionable.
• Extensive Educational Resources: Our Education Center is packed with articles, guides, and sample plans to bolster your planning process. It's designed to arm you with the knowledge to navigate the complexities of your industry confidently.
• Enhanced Collaboration and Customization: Recognizing the collaborative essence of business planning, Plannit AI supports team efforts with multi-user editing, annotations, and feedback features, ensuring a comprehensive approach to your strategy.
• Customer Success Stories: Our users' achievements are a testament to Plannit AI's effectiveness. These success stories illustrate how diverse businesses have utilized our platform for strategic planning and growth.
• Tailored Business Plan Creation: Our platform stands out with its tailored approach, featuring customizable templates that directly cater to your business type and industry, making plan creation straightforward and relevant.
• Content Generation:: ChatGPT helps draft various sections of a business plan, from executive summaries to marketing strategies, by providing structured and coherent text based on the prompts given.
• Strategic Insights: It can offer suggestions on business strategies by analyzing trends and providing examples from a wide range of industries.
• Financial Planning: While it can't replace professional financial advice, ChatGPT can guide the structure of financial projections and statements, helping you consider important financial aspects of your plan.

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Harnessing the Power of AI: A Comprehensive Guide to Crafting a Dynamic Business Plan

If you have ever tried to write one, you know just how challenging crafting a business plan can be. There’s a lot of foresight, strategic thinking, and meticulous attention to detail involved. You have to understand what people want, figure out how to fund it, and explain your big ideas clearly. Entrepreneurs have to do all this while dealing with the everyday chaos of running a business.

To this end, one of the most useful applications of AI has been its ability to be your thinking- assistant- adding structure to your thoughts- and creating frameworks to help you navigate through complex problems.

• Ready to use
• Fully customizable template
• Get Started in seconds

Why Use AI to Write Your Business Plan?

The arrival of artificial intelligence has revolutionized how you gather and put together information. AI’s predictive analytics and data-driven insights help businesses make more informed decisions, often leading to a significant competitive edge. Here are some of the competitive advantages of integrating AI into business planning processes:

• Enhanced accuracy in market analysis and financial projections.
• Real-time adaptation to market changes and customer behavior.
• Personalized strategies that align closely with company goals and customer needs.

By leveraging AI, businesses can visualize their business plan in new ways Now data can be used as a strategic asset that drives growth and innovation. Writing a business plan is no longer just about a document to present to investors; it’s about creating a dynamic blueprint that evolves with your business and the market.

Use AI as your thinking Assistant

The ability to automate complex processes, gain insights from big data, and enhance decision-making can help the way you think about designing your business. This includes streamling operations, predicting customer behavior, and personalizing marketing efforts.

The ability to collect, process, and analyze vast amounts of information is what makes AI so powerful in business planning.

A robust business plan typically includes components such as market analysis, financial projections, and marketing strategies. AI can optimize each aspect of a business plan:

• Market Analysis : AI tools can analyze market trends and customer feedback, offering a more nuanced understanding of the competitive landscape.
• Financial Projections : Machine learning algorithms can provide more accurate revenue forecasts by analyzing past performance and market conditions.
• Marketing Strategies : AI can personalize customer interactions and optimize marketing campaigns for better engagement and conversion rates.
• Decoding Customer Behavior: AI algorithms are adept at analyzing customer interactions and feedback across various platforms. By processing this data, businesses can gain a nuanced understanding of customer preferences and tailor their offerings accordingly.
• Predictive Market Trends: AI doesn’t just analyze the present; it’s also predictive. By examining historical data and current market conditions, AI can forecast future market shifts, giving businesses a strategic advantage in planning their next move.
• Real-time Market Insights: With AI, market analysis is not a one-time report but a continuous stream of insights. This allows companies to adapt quickly to changing market dynamics and maintain a competitive edge.

Using AI to Develop Your Business Plan (With Prompts)

Your Executive Summary : Begin with an AI-generated executive summary that encapsulates the financial health and projections of your business. You can use specific AI tools to analyze historical data and generate a concise summary that highlights key financial metrics and future goals. A useful prompt to help you do this:

• Write a very detailed executive summary for a [insert your company type] that is requesting funding. Here is some context to get you started: {Succinctly summarize the key elements of your business} {List 5 business objectives} { 3 unique selling points}

Company Description : Utilize AI to provide a data-backed company valuation and financial history. This can include automated calculations of burn rate, cash flow, and other vital financial statistics that give stakeholders a clear picture of your company’s fiscal standing.

• Write a very detailed mission statement for a [insert business] that values [insert values] and offers [insert products and/or services]
• Write a very detailed business description for a [ insert business name] that sells [insert products and/or services]. The company values [insert values].
• Write a very detailed product description for (insert products and/or services) that highlights [insert features to highlight]

Market Analysis : Deploy AI algorithms to analyze the market size, growth rates, and trends. This will help you to forecast demand and price points, which are essential for accurate financial planning.

• Write a very detailed market analysis for a [insert business type].
• Create a target audience for a [insert business type] who wants to target [insert who you want to target. Include their age, race, gender, likes, dislikes etc]
• What are the top 3 market trends for the [insert industry] and why are they trending?

Competitive Analysis : AI can help you perform a deep dive into competitors' financial strategies. By analyzing public financial reports and market data, AI can uncover insights into pricing strategies, market share, and financial strengths or weaknesses of your competitors.

• Write a very detailed competitive analysis for a [insert company] who’s advantage is [insert your advantage over the market]
• Find 3 competitors for a [insert business type] and explain their competitive advantage.
• Write a unique selling proposition for a [insert product or service type] that is [insert unique selling proposition].

Sales and Marketing Plan : Predictive analytics can forecast the ROI of different marketing strategies, helping you to allocate your budget effectively. AI can also optimize your sales funnel by predicting customer lifetime value and churn rates.

• Write a very detailed sales and marketing plan for a [insert business type] that offers [insert products and/or services]
• Write a very detailed growth strategy for a [insert business type] that offers [insert products and/or services]

Ownership and Management Plan : AI can assist in modeling different ownership structures and their financial implications, as well as predict the financial impact of management decisions.

• Write a very detailed Ownership Structure for a [insert business type] that has [include the ownership roles that you have in your company]
• Write a very detailed Management Plan for a [insert business type] that has [include the roles that you have in your company]

Operating Plan : Use AI to simulate various operational scenarios and their costs. This includes everything from supply chain optimization to energy consumption and staffing requirements.

• Write a very detailed Operating Plan for a [insert business type] that operates [include where you operate your business ex: online, storefront etc]
• Write a very detailed risk management assessment for a [insert business type] that operates [include where you operate your business ex: online, storefront etc]

Financial Plan : This is where AI truly shines. Machine learning models can provide detailed revenue forecasts, expense projections, and cash flow analysis. They can also help in stress-testing your financial plan against various economic scenarios to ensure resilience.

• Create a detailed year sales forecast for a [Insert business type] with an average growth rate of [XX% per year and an average order value of $XX]
• Create a break-even analysis for a [insert business type] with an average order value of SIXXI. The Total cost per unit is $[XX]. The yearly combined fixed and variable costs is[XXX]
• Write a very detailed funding request section of a business plan for a [insert business type] that is requesting [XX] for [insert what you need the funding for]

Develop A Robust Business Plan with Creately VIZ

Use the AI-powered visual intelligence of Creately VIZ to develop strategic business plans. The AI templates help you generate, expand, organize and transform all the information you require to put together a complete business plan. You can use Creately VIZ as your strategic partner - taking advantage of visual frameworks to build out winning strategies.

Business Model Canvas: The Business Model Canvas is a strategic planning tool, that condenses a comprehensive business plan into a one-page visual. Comprising nine key building blocks, it offers a holistic view of a business, from customer segments and value propositions to revenue streams and cost structures.

Strategic Blueprint: A strategic blueprint is a detailed, overarching plan that outlines an organization’s long-term goals and the actions needed to achieve them. It serves as a guiding document for decision-making and resource allocation. Typically encompassing mission statements, objectives, and tactics, a strategic blueprint provides a roadmap for navigating challenges and leveraging opportunities. It considers internal and external factors, aligning organizational strengths with market demands.

Capability Mapping: A business capability map is a visual representation that outlines the core competencies and capabilities of an organization. It provides a comprehensive view of the skills, processes, technologies, and resources required to achieve business objectives. Like a strategic blueprint, a capability map guides decision-making but focuses on the specific abilities needed for successful operations. It often categorizes capabilities into key domains, such as operational, strategic, and customer-related. This map serves as a strategic planning tool, aligning business activities with organizational goals.

AI transforms a static business plan into a dynamic blueprint that evolves with your business and the market. The competitive advantages it offers, from enhanced accuracy in market analysis to real-time adaptation and personalized strategies, underscore the transformative power of AI. As you embark on crafting your business plan, consider leveraging AI as your thinking assistant, ensuring your strategies align with evolving market dynamics. With AI, the journey from plan to success becomes a continuous and adaptive process.

Join over thousands of organizations that use Creately to brainstorm, plan, analyze, and execute their projects successfully.

More Related Articles

Chiraag George is a communication specialist here at Creately. He is a marketing junkie that is fascinated by how brands occupy consumer mind space. A lover of all things tech, he writes a lot about the intersection of technology, branding and culture at large.

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12 AI Business Plan Generators to Start Any Business in 2024

15MinutePlan

Wordkraft ai, beautiful ai.

• Brixx Plan Software

Useful ChatGPT prompts for writing a business plan

Tips for using chatgpt to create a business plan, how to make sure the ai-generated business plan is good enough.

Hello! My name is Arto Minasyan, I’m the Founder and CEO here at 10Web, and a Co-Founder at Krisp. I’ve earned a PhD in Mathematics, in addition to a BA and Master’s in Physics, as well as an MBA. I am a serial entrepreneur, and I know that crafting a business plan can seem like a daunting task. 

However, whether you are launching a new business or seeking growth for your current venture, it’s vital to communicate your vision in a thorough business plan.

That’s why I’m excited to share this list of AI business plan generators alongside a few personal tips that I think will inspire you and aid you in creating a well-structured and detailed business plan.

12 AI business planners to help you start your business fast

Generate and refine an executive summary.

Free Plan Paid plan: From 12$ / month

Key features

• AI-generated, customizable business plans.
• AI-assisted enhancing and editing.
• Efficient process with only 4 questions.

Grammarly’s AI Business Plan Generator is a tool designed to assist aspiring entrepreneurs in creating an Executive Summary for their business plans. This tool is a part of Grammarly.com’s suite of AI-assisted writing and proofreading tools. It’s specifically tailored to generate business plans suitable for various types of businesses, leveraging Grammarly’s expertise in enhancing writing quality through AI-driven suggestions.

The AI Business Plan Generator operates in a straightforward and user-friendly manner. Users start by answering a few questions describing their business, including marketing and financial details and competitor information. With only 4 questions to answer, the more detail you can provide, the better the generated results will be for your business plan.

Once Grammarly generates the business plan, you can use its familiar tools to adjust the text for formality, tone, and length, in addition to the usual suggestions for grammatical improvements. The generated draft includes sections with customized, more fully developed plans that reflect your original responses, allowing you to focus more on refining ideas and less on the intricacies of writing.

Detailed AI-generated business plans.

Free to try Paid plan: From 99$

• Quick, AI-generated plans.
• ChatGPT 4 available.
• Detailed business plans.
• Editable via "Talk To Plan".

15minuteplan.ai is an AI-powered tool designed to create professional business plans quickly and efficiently.  While it aims to help anyone who needs a business plan, with its ability to personalize financial statements and plans, it might be of particular interest to those seeking investor or bank funding.

This AI business plan generator relies on GPT-3.5 and GPT-4 to draw upon a vast array of deep sources, significantly reducing the time and effort traditionally required to create a business plan.

As described, the process of creating a business plan with 15minuteplan.ai takes about – you guessed it – 15 minutes. Users begin by answering seven critical questions that cover the business plan’s purpose, descriptions of products or services, target customer groups, drivers of success, weaknesses, budget and spending plans, and financial details. The handy AI-assisted suggestions can really speed up this Q & A part of the process. 

Based on these responses, the tool generates a detailed business plan encompassing various elements such as an executive summary, industry overview, SWOT analysis, marketing strategies, segmentation, targeting, positioning (STP), product strategy, operations plan, management roles, financial projections, and risk mitigation strategies. 

While access to the full business plan requires signing up, 15minuteplan.ai offers a substantial preview of the generated business plan to get an idea of what’s included. Additionally, the platform features a unique “Talk To Plan” option, allowing users to easily edit their AI-generated plans by specifying the changes they want, which the AI then integrates effortlessly. This system streamlines the entire process of business plan generation, making it more accessible and less time-consuming.

AI-enhanced business plan templates.

Free plan Paid plan: From 20$ / month

• AI-assisted template interface.
• Customizable business plan sections.
• AI generated content options.
• Flexible tone and style settings.

As the name suggests, Copy AI is an AI writing assistant leveraging AI’s power and natural language processing. Copy AI allows you to write almost anything, from optimized blog content to digital ad copies, eCommerce copies, sales copies, social media content, and more. 

You can also use Copy AI as an AI business plan generator for almost any kind of business by logging in and selecting from a range of premade templates available online .  

Once you have selected a business plan template, you’ll be prompted to fill in the following details: 

• Your business name 
• A description of the problem your business solves
• A description of how your business will solve that problem
• The target market description
• Revenue model description

Besides providing you with a variety of business templates,  Copy AI allows you to customize details such as the tone of your content and more. 

AI-assisted business plan writing.

Free plan Paid plan: From 29$ / month

• Utilizes GPT-3.5 for content generation.
• Customizable business plans available.
• AI-assisted editing for refinement.

WordKraft is an AI-powered web application for generating optimized, authentic and high-quality content for various needs, such as marketing, blogs, and social media. Like many AI tools, Wordkraft runs on the powerful large language model GPT-3.5. 

You can also use Wordkraft’s free business plan template to generate a draft . Using the Wordkraft template, you’ll be asked to enter details about your business to guide the AI tool when generating the business plan.

Some details you’ll have to provide include an introduction of the business, the benefits, how the business solves the problem, the market for this product or service, and how to reach the target audience and make business.

Wordkraft is an excellent AI business plan generator for entrepreneurs looking for an easy-to-use interface and access to advanced features such as language and tone of voice options. This AI business planner generator also allows you to select the level of creativity that you need.

Generate presentations based on text prompts.

No Free plan available. Paid plan: From 12$ / month

• Professional slides, powered by AI.
• Design prompts for presentations.
• AI-generated content tools.
• Smart, auto-created templates.

Beautiful AI is a generative ai presentation software that enables businesses to create stunning presentations with minimal effort. With Beautiful AI you can access modern and creatively designed templates that you can use to jumpstart your presentations.

Luckily, Beautiful AI prowess extends as a business plans presentation and AI business plan generator.  Using Beautiful AI, you can create elegant business plans and presentations by selecting from a collection of quality templates. 

Beautiful AI gives you access to 100+ templates. You also don’t need any design skills to create a beautiful presentation or a business plan.

AI tool collection for documents & media.

• AI tools for documents, graphics, media.
• Enter plan details to generate.
• Suitable for diverse business types.

Simplified is a collection of AI-powered tools that can help individuals or businesses of any size easily accomplish some tasks. Some of the tools offered by Simplified AI include an AI presentation maker, image generator , AI writer, AI content rewriter, image resizer, and more.

Among the many AI capabilities of Simplified is also an AI business plan generator. Using Simplified, small businesses can generate a business plan using the templates provided. These templates already contain the outline and structure of how the business plan should look. All you have to do is select the desired tone and the output language.

Alternatively, you can open Simplified AI Writer and start on a blank canvas. However, you must give context and instructions on the business plan you want to generate.

Simplified has many built-in tools , such as Grammarly and graphic design , video editing, and image generation capabilities. Leverage these tools to create stunning customizable design templates, photo, video, and graphic assets for your business plan and other business needs.

AI-assisted note-taking and templates.

Free plan Paid plan: From 10$ / month

• Especially helpful for Notion users
• AI integrated note-taking system.
• Customize business plan templates with AI.

Notion AI is a productivity and workspace application capable of doing so many functions. You can use Notion as a project management app for note-taking and docs management, setup team spaces, and so much more. 

While Notion is not specifically designed as an AI business planner, it includes features that can help accomplish so much in that area. Notion AI can help you design quality, interactive, and shareable business plans using templates. You do not have to start from scratch while designing your business plan.

If you have a team, Notion makes this even better. Your team members can collaborate and contribute ideas seamlessly. You can also leave feedback and integrate many useful tools such as Google Docs, Trello, and Slack. 

AI apps for different purposes.

• Collection of easy-to-use AI tools.
• Minimal interface, powerful tools.

Cookup AI is a database of AI tools that you can use to achieve different tasks. Designed with non-technical users in mind, Cookup AI enables users to filter through the thousands of AI tools available and find exactly what they are looking for instead of navigating from site to site.

Among the collection of AI tools by Cookup AI is an AI business plan generator. Cookup AI business plan software is designed with a minimal interface allowing users to generate comprehensive business plans that outline their business goals, strategies, and objectives.

Remember to provide enough context and information about your business in a descriptive way to enable the  Cookup AI business plan generator to get the details of your business plan right. 

Using Cookup AI, your business can save a lot of time and effort as it is straightforward. However, you should work closely with your team members to ensure the business plan accurately reflects your business visions and goals.

Collaborative Business Plan Development.

Free plan Paid plan: From 8$ / month

• Cloud-based collaborative documents.
• Real-time collaboration, editing, sharing.
• Embeds multimedia in business plans.
• Free and premium template options.

Bit AI is a cloud-based collaboration platform that allows multiple teams within organizations spread around the globe to collaborate and organize and manage documents all in one place . Some of the documents that you can manage include wikis, knowledge bases, projects, client deliverables, technical docs, training guides, and client portals.

Using a set of prebuilt templates , you can also use Bit AI to create a modern business plan for your new business venture. Apart from access to high-quality business plan templates, using Bit AI  allows you to collaborate in real-time, create responsive and private documents, interlink business plan documents, and track engagements on the document.

Using Bit AI, you can also make your business plan more engaging by embedding web links, lucid charts, draw.io, Figma, Youtube, Vimeo, Airtable, Google Sheets, and more.

Bit AI has a free business plan template to get you started. You can also access over 65 smart slide templates to help you with your design.

AI platform designed specifically for business plans.

No Free plan available Paid plan: From 20$ / month

• Collection of tools for business plans
• Pro plan review & guidance available.
• Quick start for many business categories.
• AI LivePlan assistant.

LivePlan is a business planning software with a set of different features to help you set up your business and tools to support you every step of the way. LivePlan is an automated business plan creation software that works for any type of business at any stage. 

LivePlan breaks the business plan-building process into simple steps that are easy to follow. Its templates also conform to the usual business plan structure but can be customized as you deem fit. 

LivePlan is an excellent AI business planner due to its large collection of templates and customizability. Remember to take advantage of its financial forecasting and performance tracking features.

The leading AI-based chatbot.

Free plan Paid plan: 20$ / month

• Communicates in human-like language.
• Summarizes intricate subjects.
• Useful for composing, researching, inventing.
• Integrated with Microsoft Bing.

ChatGPT is a revolutionary chatbot powered by machine learning and natural language processing that can replicate human-like conversations. But can ChatGPT write a business plan? 

The short answer is yes, ChatGPT writes a business plan. Although ChatGPT is not specifically designed as an AI business plan software, through a series of prompts with information about your business, it is a great tool for brainstorming, researching, and creating a business plan draft . 

While ChatGPT can generate huge amounts of text, it is wrong to expect it to generate the whole business plan immediately. To use ChatgGPT effectively when generating your business plan, you should understand the various parts of your business plan. Once you understand these sections, you can ask ChatGPT to draft content and guidelines for each section.

Alternatively, you can ask ChatGPT to generate an outline for your business plan. Based on this outline, you can instruct it to draft each part based on your provided information. More on this later.

Brixx Planning Software

Financial forecasting and planning.

Free plan Paid plan: From 13$ / month

• In-depth financial forecasting.
• Suitable for various business sizes.
• Real-time collaboration and scenario testing.
• Combine with ChatGPT for best results.

Brixx software is a f inancial forecast software for cash flow, budgeting, and business planning. 

Apart from that, Brixx is also a business planning software that businesses can use to create a formal business plan that outlines the goals and objectives of their business and a roadmap to achieve them. If you’re curious about AI financial planning for business plans, then Brixx AI business planner might just be the tool you need. 

With Brixx, entrepreneurs can communicate their business goals to stakeholders or share funding requirements with potential investors. If you already have a business running, you can use Brixx to monitor and forecast your business’s financial well-being to ensure it remains on track.

Finally, Brixx software can be integrated with AI tools like ChatGPT to create powerful AI business plan software. You can create a more comprehensive and accurate business plan using this combination.

How to write a business plan with ChatGPT: tips and prompts

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To begin with,  you need to generate an outline for your business plan. ChatGPT can help generate one by running a simple prompt with context about your business.  

1. Generating a business plan outline

Prompt : Generate a business plan outline for a  business selling “X services/products” to other small and medium businesses. 

Using this prompt, we have generated a well-structured business plan outline. The outline contains some of the most important topics you should address in your such as the following:

• Executive Summary
• Company Description
• Market Analysis
• Services and Pricing
• Sales and Marketing Strategy
• Operations and Management
•  Financial Plan

With ChatGPT, you can now generate a draft of each section above. Be keen to provide content in each section to allow ChatGPT to generate content with more precision.

2. Generating executive summary

Prompt : Create a brief overview of the executive summary of “Business X“ and its mission statement.

Other prompts you can use include:

• Discuss the target market and how “business X“ plans to meet their needs.
• Highlight the company’s unique selling proposition (USP) and competitive advantage in the “ X industry”.

3. Performing a market analysis

Prompt :  Write and market research section for my “x” business plan. Please identify the “X” services’ target market. Remember to identify any market trends or changes that may affect the demand for “X” services and estimate the market size and growth potential for the “X” industry.

4. Competition analysis

Prompt: Generate a competition analysis for my business that offer “X” services. Identify competitor strengths and weaknesses.

5. Generating a sales and marketing strategy

Prompt: Generate a sales and marketing strategy for my “X  business”. Include sales tactics, strategies for closing deals, and customer retention strategies.

6. Operations and management

Prompt : Discuss the details of operations for my business plan, such as “X” infrastructure and technology to use, service level agreements, and customer support policies and procedures.

7. Generating a financial plan

Prompt: Generate revenue and sales forecasts, cost structure, and expense projections. Include a break-even analysis and profitability forecasts, funding requirements, and potential funding sources.

8. Conclusion

Prompt: Generate a conclusion to recap the business plan and a call to action for potential investors and customers.

In the section above, we discussed some ChatGPT prompts you can use to brainstorm or generate a draft of a business plan. While most of the outputs sound convincingly accurate and well structured, cross-check every detail and customize the plan accordingly.

ChatGPT is a great tool for business owners and individuals researching and drafting a business outline.  Here are some tips to help you get the most out of ChatGPT when generating your business outline: 

• Be as descriptive as possible when describing your business ideas and goals to help ChatGPT understand your business better. 
• Use keywords relevant to your business to help ChatGPT understand the content of your business.
• Provide detailed information about your competition, products and services, financial projects, and target marketing. Feeding ChatGPT with generic prompts will only generate generalized suggestions that may not be actionable.
• Use ChatGPT as a tool: While ChatGPT is a valuable tool for researching new ideas, it should never be a replacement for human ideas and intuition. Always rely on human expertise and experience when making key decisions. 
• Review, and fact-check :  ChatGPT, and other similar tools are prone to “hallucinations”.  Solely relying on these tools can potentially mislead you. 
• Use up-to-date data sources: Remember that ChatGPT relies on the knowledge it was fed during training. Some of this information could be outdated at the time of writing. It is important to check whether the data and statistics used by ChatGPT are still relevant. 

Most businesses use a business plan to outline the company’s strategies, objectives, and goals. Others use it as a proposal to attract investors on board, identify opportunities, and plan resources. Regardless of your motivation, the quality of your business plan will always impact the results.

In this section, we explore how you can always ensure that your AI-generated business plan effectively communicates your business’s vision. Make sure to also check out these 5 profitable business ideas to capitalize on the AI hype.

1. Edit and review the business plan

While AI business plan generators can save you lots of resources in terms of time and cost, they are also prone to inaccuracies. A thorough review of the plan you have generated allows you to ensure that the business plan you have generated aligns with your business strategy. Through a review, you can also evaluate whether the AI-generated business plan addresses key issues such as market analysis, competition, and financial projections.

2. Make sure it is actionable

A business plan that only gives an overview of the company’s goals, objectives, and financial and market standpoints is not good enough. A better business plan also highlights small, measurable, achievable, realistic, and time-bound ( SMART ) goals with a clear roadmap on how your business can achieve them.

Image source

3. Ensure only credible data sources are used

The accuracy, quality, and credibility of the data sources you use when putting together your business plan directly affect the quality and reliability of your business plan. With the advancement of AI in market research , it has become easier than ever to analyze huge amounts of data. However, it is important that you check whether the sources are credible.

4. Seek expert advice

The advent of AI-powered generative tools has made it easy to create almost anything. However, this does not overrule the importance of seeking the services of an expert. An expert in your business domain can help you discover some mistakes in your business plan that may not be apparent to you. 

5. Make sure it is clear and readable

Just like any other document, a business plan has an audience. Using technical jargon to impress your audience may not be effective in all cases. Therefore is important that you evaluate your AI-generated business plan and ensure that it is written in plain simple language . You may also want to include graphs and visual aids to boost understanding of content and convey important messages.

6. Customize your AI-generated business plan

AI-generated business plans form a good starting point when drafting your business plan. However, AI business plan generators should in no way be a substitute for your intuition and judgment. Every business has unique challenges and needs, it is important that you adapt any AI-generated business plan to fit your needs before using it.

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AI business plan generators and other AI tools have undoubtedly made it easy for entrepreneurs to bootstrap a business quickly and efficiently. After creating a business plan, it is also important that you establish an online presence through a website. AI website builders such as 10Web AI Website Builder can help you with this.  10Web AI Website Builder leverages AI to automatically generate a website with unique content and images tailored to your business needs. All you have to do is answer questions about your company, such as the company name, type, description, and services you provide. A website allows you to create an audience, and establish credibility while also displaying your products and services. 

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This is a great article, it helped me to understand how to use AI and what is the human rol when doing it. Thank you.

I’m trying to create a business plan to attract investment for a food truck company, please what free AI software do you think is best for me?

Hi Moyin, most of the tools listed in the article have a free plan available. So what I would suggest is trying 3-4 of them to see which one meets your specific needs the best.

I am starting a small wellness and health business from scratch needed help to create a plan to present to apply for a grant the computer said my email is already linked to ai but I cant log in

Hi Michiel, what tool are you trying to use?

6 Best AI-Powered Business Plan Generators (December 2023)

An entrepreneur is, in essence, a maker of plans. Actionable, specific plans for the realization of things that don't yet exist; turning ideas into action.

It sounds simple, but any business owner who has tried to start, build and grow a business knows how tricky this skill can be. Because, let's face it: business is too complicated to simply sit down and make 'one plan, one business plan to rule them all...'.

It's product and marketing plans. It's legal and financials; customer support and content plans. If you're doing it right, entrepreneurship means you are always standing at the edge of your next plan, always in a position to pivot as new information comes in and to update your plans accordingly.

The problem with such dynamic planning is that it takes time. Time to write out your plan. To assess what happened, and reassess if the current gameplan is still the best path. To think through the expected outcomes, costs and ROI.

Let alone making plans for things you're not-so-well-versed in. "I know I should have a Customer Onboarding Plan, but can someone please remind me of best practices again?"

Fortunately, we live in 2023 and some of the most powerful AI models in existence are available to help us with the more mundane and administrative side of business planning; so that you can focus on the strategic inputs and let your new AI-powered tools fill in the details.

In this post, I'll be sharing 6 of the best such AI-powered business plan generators. From tools to help you write out a formal business plan proposal (say, for applying for a business loan) to apps that will guide you through and generate plans for every step of your business building journey.

Let's take a look.

Best AI-Powered Business Plan Generators (2023 List)

• Tarkenton GoSmallBiz

Bizway is a little bit different to the other platforms on this list. From the ground-up, it's built with a simple idea: every task in your business deserves an AI Assistant. And while that absolutely does include business plan writing; it also includes every other step in that process.

When you're planning your business, you'll need some help with a variety of tasks. With Bizway, you can create:

• Market Research Assistants: To help you estimate market size, brainstorm target market segements and help with your pricing;
• Product Experts: To help you brainstorm product ideas, features, and how you'll develop it;
• Social Media Marketing Assistants: To write your content, brainstorm topics and ideas, do keyword research, and whatever else;
• And whatever other roles you need to help perfect your business plan.

This gives you full flexibility and freedom to sharpen your thinking and ideas for your business, before concretizing it in a more formal business plan.

Then, if you do need a more formally written document for an investor or when seeking funding, simply:

• Fill in the Business Model details that you'd like to include;
• Create a custom AI Assistant, name it 'Business Plan Writer' and give it instructions about styling, length and sections;
• Toggle on your new Business Plan Writer Assistant, and simply ask it to 'Write my business plan in full';
• And voila! Your business plan is served;
• Bonus: You can then follow up and ask for specific sections or details to be added/rewritten as you please.

The best part? Bizway doesn't end with a business plan. Once you have your plan, Bizway can serve as your new hub; with a team of custom AI Assistants to help you launch, grow and manage your business going forward.

Try Bizway .

2. LivePlan

Next on our list is LivePlan. This AI-powered tool is best known for its step-by-step guidance and interactive financial forecasting. It features easy-to-use templates and pitch guides, which can be a great starting point for startups and SMEs. LivePlan's Pitch feature helps you to quickly prepare a one-page infographic that highlights your business idea and its profitability to investors.

In addition, LivePlan allows you to benchmark your forecasts against similar businesses, giving you an insight into your competitive standing. The tool's performance dashboard also keeps you updated on your business progress, ensuring you stay on track with your plan.

3. Upmetrics

Upmetrics is an excellent AI-powered business plan generator that offers a plethora of features including a business plan editor, financial forecasting, and a collaboration feature that allows your team to work together on the plan. One standout feature of Upmetrics is its repository of more than 20,000 business ideas, which can provide inspiration for your own venture.

Additionally, Upmetrics has a Business Plan Analytics feature that allows you to analyze your business strategy and optimize your plan for maximum effectiveness. This is an excellent tool for entrepreneurs who want a deeper understanding of their business strategy.

4. IdeaBuddy

IdeaBuddy is a novel AI-powered business plan generator that targets entrepreneurs and startups in the initial stages of planning. The platform takes users through an organized idea development process dubbed "Idea Journey" that includes creating a business concept, building a business model, and planning a budget.

IdeaBuddy also offers an attractive feature named Storyboard. This tool allows you to visualize your business journey and share your vision with potential investors and stakeholders, fostering a deeper understanding of your idea.

5. GoSmallBiz

GoSmallBiz is a comprehensive business plan generator powered by AI. It covers all the essential aspects of a business plan including executive summary, company description, product/service line, and market analysis.

What sets Tarkenton GoSmallBiz apart is its integrated educational resources. With hundreds of business courses and webinars, users can deepen their business knowledge while creating a business plan. The AI tool also includes a real-time performance score that provides immediate feedback on your plan.

Rounding up our list is Bizplan, an AI-powered tool that makes business planning enjoyable with its interactive and easy-to-use interface. Bizplan breaks down the business plan creation process into digestible pieces through its "builder" approach.

Its standout feature is its ability to connect users to a global community of entrepreneurs, Fundable, where you can share ideas and seek feedback. Bizplan also has a robust financial forecasting tool that can help you project revenue, costs, and cash flow.

In conclusion, AI-powered business plan generators are an invaluable resource for entrepreneurs, startups, and small businesses alike. They not only simplify the business plan creation process but also provide insights and features that can significantly boost the success of your venture. With tools like Bizway, LivePlan, Upmetrics, IdeaBuddy, Tarkenton GoSmallBiz, and Bizplan at your disposal, you can confidently create a business plan that is both compelling and investor-ready.

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Entrepreneurs looking for investor funding.

Our AI business plan generator helps entrepreneurs in creating professional business plans designed to impress potential investors and secure funding

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Our AI business plan generator is SBA-approved and follows to most banks' business plan template.

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Whether you want an AI generated business plan for self-learning, as a reference for a project, or for submission to a non-financial institution, we've got you covered.

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How it works?

Our AI business plan generator guides you through a few questions, once done a business plan example will be generated

Enter General Business Information

Only basic business information is required e.g. business name, number of employees, and a little financial data

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Once your AI plan is generated you can easily edit the plan with our "Talk To Plan" feature. You can input what you want changed and AI will take care of the rest

Key Benefits

Our ai draws business knowledge from the entire internet.

GPT-3.5 and GPT-4 are our cutting-edge language models, trained on vast quantities of internet, book-based resources, business plan examples, and has demonstrated its knowledge by passing the Wharton MBA exam among many others

The whole process can literally take 15 minutes

Gone are the days of laboring over business plans for weeks on end, our AI business plan generator can create a comprehensive plan in just 15 minutes.

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Start » startup, how to use ai tools to write a business plan.

These tools use artificial intelligence to generate full business plans you can take to investors.

Writing a business plan is an important, if arduous, task. Most investors and financial institutions will ask to see your business plan before providing startup capital. But, for many entrepreneurs, putting pen to paper to detail your idea can be burdensome.

AI tools can speed up the process of writing a business plan by providing the framework and initial content. However, you’ll need to go through the plan in detail to make sure it accurately reflects the financial modeling, mission and vision, and other elements that you’re starting to put into motion. Consider any business plan generated by these AI tools as a starting point from which to finesse your plan to perfection.

[Read more: Writing a Business Plan? Here’s How to Do It, Step by Step ]

ProAI is built to generate custom business plans that include financial projections, market research, and a SWOT analysis. These detailed plans can be edited in the app or exported to Google Docs and Sheets for further editing. Simply answer some questions about your business information and goals; AI will create a custom plan with financials. The report can be ready in a few days, depending on the depth and level of customization required — something you determine when you go through the initial process. ProAI can also provide pitch decks and business funding. Pricing for ProAI starts at $199/month.

[Read more: 4 Effective Ways Small Businesses Can Leverage AI ]

Simplified offers a unique AI generator for small businesses. Like ProAI, you simply enter your small business details and objectives, or work off one of their existing templates (such as for a gym, food truck, or real estate service). Simplified’s artificial intelligence can generate market analysis, financial projections, and a clear value proposition for your plan. It can be edited within the tool. The best part? Simplified is free up to 2,000 words.

LivePlan Assistant is the company’s AI writing tool that can help you create a business plan. With this option, you can select one of LivePlan’s business plan templates and get help filling in each section from the Assistant. LivePlan’s database of 550 free sample business plans gives you a good starting point. The Assistant’s “Help Me Write” function will then generate ideas for each section of your plan according to the information you give it. It includes financial forecasting functionality, too. Pricing for LivePlan starts at $20/month.

WriteCream develops generic business plans that can be customized to fit your vision.

Upmetrics ’ AI Assistant can autowrite sections of your business plan, adjust the tone of your content to be more persuasive or professional, and reformat sections to make the plan flow. Unlike other tools on this list, Upmetrics also offers well-designed cover pages so you can make your document stand out. The platform lets you collaborate with different users on the same document so you can stay organized and coordinate better. And, instead of using a set template, Upmetrics has a drag-and-drop builder so you can determine what sections you want to include. Upmetrics starts at $7/month.

IdeaMaster.io

IdeaMaster uses ChatGPT-3 to create fairly basic business plans; if you’re looking for a short two-pager to share with investors before fully developing your concept, this is a good starting point. Simply tell IdeaMaster your industry and product type to get started. Plans include the basics, such as market size, MVP features, value proposition, sales and marketing channels, and key resources, among other things. Best of all, IdeaMaster is free.

WriteCream develops generic business plans that can be customized to fit your vision. It’s less sophisticated than other tools on this list, and it can be used as a blank canvas if you have a great idea but no time (or patience) to write a full business plan. It doesn’t come with the bells and whistles of other tools, but it is affordable: WriteCream is free-to-use for up to 10,000 words per month.

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🤖 Free Business Plan Generator (AI-Powered)

Starting a business is an exciting journey, filled with aspirations and ambitions, yet crafting a solid business plan can sometimes feel like navigating through a dense fog. The AI-Powered Business Plan Generator shines a light on this path, offering a straightforward way to outline your vision, strategies, and financial forecasts. By providing customized, coherent business plans, this tool assists in laying down the foundation of your entrepreneurial dream, ensuring every aspect is addressed. It simplifies the planning process, enabling you to focus on bringing your business idea to life with confidence and clarity.

Writing a business plan can often feel like navigating through a dense forest without a map. You know your destination—securing investment, defining your business strategy, or setting clear objectives—but the path isn't always clear. Enter the AI-powered business plan generator, a tool designed to illuminate the way forward. This guide will walk you through the essentials of crafting a comprehensive business plan, touching upon the traditional elements that captivate stakeholders. In the final stretch, we'll introduce how an AI-powered business plan generator can streamline this process, making it more accessible and less time-consuming.

How to create a Business Plan

Now that you're familiar with the executive summary, let's tackle how you can create the rest of your business plan.

You can start manually by outlining your plan's structure and filling in the details step by step, or opt for a business plan generator to streamline the process.

Either method requires careful consideration of each section to ensure your plan is thorough and compelling.

Manual Methods for creating a Business Plan

You'll start with the Executive Summary, distilling your business idea into a compelling snapshot that captures attention.

Next, you'll outline your Company Overview, providing a clear picture of who you are and what you stand for.

Then, lay out your Business Objectives, Products and Services, and your Market Analysis Approach to build a solid foundation for your plan.

Executive Summary Essentials

Although it's often crafted last, the Executive Summary stands as the crucial opener of your business plan. It distills key aspects such as your mission, product highlights, and financial ambitions for quick investor insight. It encapsulates your company's essence for investors and maps out the business plan development milestones.

Ensure it crisply outlines your executive summary, underscoring the company's financial goals. This will help capture investors' attention right off the bat.

Company Overview

Begin your company overview by detailing your business's foundational elements, including its name, location, and the team driving its operations.

Here's what to include:

• A clear description of your business structure and ownership.
• The mission statement that defines your business's purpose.
• An outline of the products or services you offer.
• Background information that paints a picture of your company's history and objectives.

Business Objectives

To set your business on the path to success, start by defining clear and measurable objectives that reflect both your immediate and long-term aspirations.

Align your business objectives with strategic objectives to meet financial goals.

Conduct market research to fine-tune your target market strategies .

Ensure company goals are realistic and adaptable, setting a course for growth and market competitiveness.

Regular updates keep your plan relevant.

Products and Services

After setting clear business objectives, focus on articulating the core of your offering by detailing the products and services your business provides. Your description should also include:

• Unique features and benefits of each product or service.
• Specific products' competitive advantages.
• Your strategy for sales, distribution, and supply chain.
• Trademarks and market placement for your products and services.

Market Analysis Approach

A thorough market analysis is crucial for your business plan as it reveals the dynamics within your target market and guides your competitive strategy .

You'll identify potential customers, understand established market trends, and analyze how competitors differentiate themselves.

This knowledge shapes your sales plan and informs your marketing and sales efforts, highlighting opportunities in an otherwise crowded marketplace and showcasing your grasp of the competitive landscape.

Marketing and Sales Strategies

Crafting a marketing and sales strategy requires precise identification of your target customers to ensure your message resonates and spurs action. Here's how to proceed:

• Define your target market for the new product.
• Develop a pricing and sales channel approach.
• Design a marketing plan with promotional tactics.
• Analyze market trends to refine your strategy.

Stay focused on meeting customer needs and differentiating from competitors.

Financial Analysis and Projections

Diving into the financials, you'll need to gather historical data and conduct a thorough analysis of revenue streams , costs, and profit margins to inform your projections for the next three to five years.

Your financial plan hinges on these insights.

Operations Plan

To ensure your business runs like a well-oiled machine, start by mapping out your key operational processes and procedures. Your operations plan is a vital section of your business plan. Here's what to include:

• Outline technology's role in business operations.
• Develop a comprehensive staffing plan.
• Establish a robust inventory management system.
• Implement quality control measures to provide additional assurance of product or service excellence.

Funding Requirements

Having established the operational foundations of your business, let's now focus on determining the capital necessary to fuel your growth and operational needs.

Outline your funding requirements by presenting clear financial data, including projected income, balance sheets, and cash flows.

You'll need this to secure funding from venture capital firms or potential investors, ensuring they grasp how their capital will propel your business towards its targets.

Appendices and Exhibits

When crafting your business plan, don't overlook the appendices and exhibits; these sections provide the substantiating details that reinforce your proposal's integrity. Include:

Documents that outline key personnel qualifications and experience.

Details on intellectual property, such as patents.

Additional information for financial institutions, like credit histories.

Contracts, leases, or other legal documents relevant to your business.

Using a Business Plan Generator

You might wonder why you'd use a Business Plan Generator—these tools streamline the planning process, making it easier for you to focus on the core aspects of your strategy.

To get started, you'll follow a series of steps that help structure your executive summary, goals, and market analysis within a proven framework.

The benefits are clear: using a generator can save you time and provide you with a professional, investor-ready plan.

Steps to use the Business Plan Generator

To create a business plan using a generator, start by selecting a template that aligns with your industry and business type.

Here are the steps to use a business plan generator:

• Identify Your Business Details : Start by providing the name of your business and the industry it operates in. This foundational step sets the stage for the tailored guidance the generator can offer.
• Describe Your Offerings : Clearly articulate what products or services your business sells or offers. This will help the generator understand the value proposition of your business.
• Define Your Target Audience : Specify who your ideal customers are, including demographic information. Understanding your target audience is crucial for creating a focused and effective business plan.
• Outline Your Marketing Plan : Detail your strategies for promoting your business. This includes how you plan to reach your target audience and differentiate yourself from competitors.
• Detail Your Operational Strategy : Explain how your business will operate on a day-to-day basis. Include information on your supply chain, logistics, and any other operational details.
• Provide Financial Information : Input how much money you need to start your business and project how much revenue it will generate. This financial planning is critical for assessing the feasibility of your business idea.
• Set Business Objectives : List what you aim to achieve with your business in the short term and the long term. These goals will guide the direction of your business strategy.
• Click on Generate : After entering all the necessary information, click the "generate" button to create your personalised business plan. This plan will be tailored to the specifics of your business, providing a roadmap for success.

Benefits of using a Business Plan Generator

Harnessing a business plan generator can significantly streamline the process, saving you both time and effort as you craft a detailed blueprint for your venture.

Here are the benefits:

• Provides a structured framework to write a business plan efficiently.
• Helps identify opportunities in new markets.
• Enhances financial literacy through budgeting and forecasting tools.
• Clarifies business objectives, aiding in communication with stakeholders.

Tips for Creating a Business Plan

When crafting your business plan these tips collectively form a comprehensive business plan, providing a roadmap for your business and presenting a compelling case to investors and lenders.

Here are the tips for creating a business plan:

• Articulate your mission and vision succinctly.
• Outline your offerings and financial ambitions.
• Provide a snapshot of your business's financial health and market potential.
• Clarify the business structure ( sole proprietorship , partnership, corporation).
• Highlight ownership details.
• Showcase key employees, emphasizing their expertise.
• Define short- and long-term goals for your business.
• Align goals with your strategic direction.
• Establish a direct link between financing needs and future growth.
• Describe your offerings and emphasize how they meet market needs.
• Support claims with market research.
• Demonstrate a thorough understanding of your competition.

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Create your business plan in minutes with our AI Assistant

Answer few tailored questions about your business, and get a business plan in under 10 minutes. Its as simple as that.

How it works?

Our AI business plan generator guides you through simple questions to quickly draft your business plan.

1. Kickstart Your Plan

Enter basic business details.

Begin by providing essential information like your company name and a short description. 

2. Shape Your Strategy

Answer targeted questions.

You will be guided through tailored questions to understand your business goals and model.

3. Perfect Your Plan

Ai-assisted refinement.

Review and refine your business plan with our AI assistant. let AI fine-tune the details.

You will be guided in the same way as a business coach

Upmetrics acts as your business coach, offering tailored guidance throughout your business planning journey

Navigate Your Plan with Our Step-By-Step Instructions

Upmetrics offers straightforward, step-by-step guidance for every aspect of your business plan. With our AI assistant, get clear instructions, practical examples, and a tailored guide for every stage of planning.

Leverage our extensive collection of over 400+ sample business plans for inspiration, and directly chat with our support for personalized assistance.

Ask anything to our AI Business Coach

Our AI Co-pilot is your on-demand research assistant and business advisor. Ask any question—our tool gets into your plan or conducts research to provide insightful answers.

 Powered by our cutting-edge language model, it boasts a depth of knowledge trained on vast quantities of internet, book-based resources, and business plan examples. With Upmetrics, harness AI that understands the breadth of business planning and beyond.

Writing will never become a problem for you

Upmetrics asks targeted questions to build your business plan. Our AI streamlines the process, providing expert-level guidance and suggestions at every step.

Let our AI Business Plan Assistant transform your ideas into polished, professional sections, enhancing your content’s tone, style, and correctness.

Get a head start with 400+ real business plan examples

Why start with a blank page? When you have access to the 400+ real business plan examples. If crafting your first business plan seems daunting, let our real-world examples illuminate the path to success.

Embark confidently on your entrepreneurial journey – a standout business plan is just a template away with Upmetrics.

Create a plan and build your dream business

Leverage the full power of the Al Business Plan Generator

Al-powered business plan to save time, an affordable alternative to business plan writers, set yourself up for success.

The thing that we appreciated the most is we were able to communicate with the support team on some key elements, and they were very very accommodating in all respects.

Co-Founder & Owner at Carefree Home Watch

Every Sections you need to Plan for your Business

Frequently Asked Questions

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Upmetrics redefines the business planning process by providing more than just software or a static template. It guides entrepreneurs through every phase of creating a business plan with interactive tools, tailored advice, and AI assistance eliminating the need for cumbersome spreadsheets and manual chart creation.

As your business grows, Upmetrics helps you monitor progress and set actionable tasks ensuring your strategy stays competitive. Experience unparalleled support and user-friendly guidance, making Upmetrics a superior choice for entrepreneurs crafting their business plans.

Does Upmetrics allow me to try it before signing up?

Certainly! Discover the full capabilities of Upmetrics with a free tour —no sign-up required. Get a firsthand look at how our AI enhances your planning process.

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Your Guide to 7 AI Business Plan Generators in 2024

A business plan outlines the critical aspects of any business, such as funding, pricing strategies, marketing strategies, sales projections, and risks. It can also help you attract investors and track the progress of your business endeavor. 

But, crafting a good business plan can be demanding. Fortunately, the once tricky process can now be simplified with the help of artificial intelligence. An AI business plan generator expedites the development of comprehensive business plans. Since they are trained on vast amounts of data, AI tools can help you with text generation, risk assessment, and data analysis.

What are the Key Elements of a Business Plan?

Aside from highlighting your idea, a comprehensive business plan should lay out the strategies to fulfill that idea. Here are the essential elements of a good business plan: 

• Executive summary. This is a quick intro to your company: what you do, who you sell to, and how you’ll make money.
• Market research and analysis. Here’s where you show you understand your customers and the competition. It helps you assess the feasibility of your business idea.
• Financial projections and forecasts. This section forecasts how much you’ll sell and earn and how you’ll spend your cash. It also contains a projected balance sheet, income, and cash flow statements.
• Pricing and profitability strategies. This section shows how you will price your products or services to make a profit.
• Marketing strategies. This is your plan to get the word out and reach your ideal customers. It may also feature a marketing budget and operational plan to help you effectively run the campaign without going over budget.
• Company description and mission statement. This explains who you are, what you offer, and why you do it. It features your business name, mission statement, products or services, the management team, and the organizational structure.

 Check out the top AI business plan generator tools that make planning a breeze.

Copy.ai is a comprehensive platform that generates various content , including blogs or articles, email marketing, and social media posts. From simple prompts, Copy.ai can help you perform market research, generate executive summaries, and provide tips to optimize your pricing strategies.

Copy.ai runs on AI models which can provide you with valuable insights to accelerate the business plan development process. When using this AI tool, you must clearly define your target audience, potential competitors, your products, and expected revenues and expenses so it can generate relevant, realistic plans.

• Free Forever plan with limited features 
• Pro plan for $49 per month 
• Team plan for $249 per month 
• Growth plan for $1,333 per month 
• Scale edition for $4,000 per month 

2. Grammarly

This writing tool goes beyond grammar checks. Its AI helps you craft a professional plan with the perfect tone and structure.  Grammarly AI Business Plan Generator has pre-built outlines for key sections like the executive summary and mission statement, making the process a breeze.

• Free plan with limited features
• Premium plan for $12 per month
• Business edition for $15 per member each month

3. Simplified

Simplified is an AI business plan generator tailored explicitly for small businesses. Users enter specific business information, including objectives, product offerings, target marketing, and financial details, and Simplified generates a personalized plan. Besides pre-made templates, Simplified AI-powered writing tools are flexible, allowing you to create new content from scratch.

• Free plan with limited tier
• AI Writer Pro starting at $18 per month 

Notion’s AI-powered writing feature can help you create tailored business plans. Its AI business plan generator can summarize research, fix errors, and generate outlines for a complete plan. You can also tell Notion the voice you want, and its vast data helps refine your strategies. Additionally, Notion supports real-time collaboration, allowing different team members to work together to develop detailed business plans.

• Free with limited tier
• Plus, plan for $10 per month
• Business plan for $18 per month
• Enterprise for a custom price quote

Unlike other tools in our list, Bit.ai uses a template-based approach for creating business plans. Templates include executive summaries, business proposals, competitor research, pitching, and SWOT analysis.

Bit’s Smart Spaces also support collaboration through features like version control and document sharing and tracking.

• Pro plan is $12 per member each month
• Business edition for $20 per member each month

6. Wordkraft

Wordkraft is a content generation web application suitable for many uses, including creating blog posts, drafting articles, generating responses to customer reviews, and structuring social media posts. It also features a variety of writing templates, including business plans. The templates allow you to set the desired language, tone, and type of creativity that AI should use when drafting content.

• Free plan with basic features
• Pro starter plan for $9 per month
• Pro unlimited plan for $29 per month

Powered by OpenAI’s GPT models, ChatGPT is an AI chatbot with many uses, such as generating different types of content, answering questions, and translating languages.

With the proper prompts, ChatGPT can help you develop a detailed and personalized business plan for any idea. If you provide data, it can assist with financial forecasts, helping you create forward-thinking business plans. ChatGPT can also help with market analysis on a limited scope.

• ChatGPT Plus is $20 per month

Ensuring the Quality of an AI-Generated Business Plan

Whether you’re outlining your strategy or pitching to investors, a strong business plan is the key. Regardless of purpose, the quality of your business plan will always affect the results. Below are the steps to help you ensure the quality of an AI-generated business plan. 

1. Edit and review the business plan

While AI business plan generators cut the time and cost, they are also prone to mistakes. So, ensure that you thoroughly review the plan created by your chosen AI business plan generator. You can evaluate whether the result addresses crucial issues like market analysis, competition, and financial projections. Don’t be afraid to revise and polish the AI-generated business plan. 

2. Make it an actionable business plan

Instead of simply outlining objectives, a strong business plan breaks them down into actionable steps. By incorporating SMART goals – Specific, Measurable, Achievable, Relevant, and Time-bound – you create a clear roadmap for achieving your vision. This roadmap should detail the specific actions you’ll take and the timeframe for reaching each milestone.

3. Verify data sources  

The accuracy and credibility of the data sources directly impact the quality of your business plan. Do your own market research and gather realistic data to be integrated in your business plan. 

4. Avoid using technical jargons

Just like any other document, a business plan should be clear and readable by its target audience. Using technical jargon may not be effective in all cases. So, it is important to review your AI-generated business plan and ensure it is written in simple language. You may also integrate graphs and other visual aids to convey important messages. 

AI business plan generators and other tools empower entrepreneurs to efficiently bootstrap a business. This efficiency allows you to quickly turn your plans into action, including establishing a strong online presence through a website. By launching your website soon after creating your business plan, you can capitalize on the momentum and start building your brand online. 

Penji can help you design a website that resonates with your brand identity and preference of your audience. Watch a demo now to learn how to avail unlimited graphic design services from Penji . 

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Introducing the LivePlan Assistant

Save time with LivePlan’s AI business plan generator

We built LivePlan to make business planning faster, easier, and more enjoyable for everyone. 

But we know that business planning can still be challenging. 

• You have a great idea, but you’re staring at a blank page and wondering how to put your idea into words
• You’re writing a plan for a lender and you’re worried your plan doesn’t sound professional or contains errors
• You know a few details about your target market but need to make it more specific
• You’re ready to start your forecast but wondering what revenue and expenses to add

That’s why we created our AI business plan generator: LivePlan Assistant .

Meet LivePlan Assistant

Combining the speed, flexibility, and sophistication of various AI models with over 40+ years of extensive business planning expertise, the AI business plan generator’s features within LivePlan Assistant address many of the challenges our customers share around what makes business planning difficult, and ensures your plan is the best that it can be.

Explore LivePlan Assistant’s powerful features below.

Help Me Write

Welcome to a world without writer’s block

What if you could list as much (or as little) detail about your business and automatically create each section of your plan? 

With Help Me Write —you can.

Jot down a few details, ideas, or thoughts, click “Help Me Write”, and see LivePlan Assistant generate ideas for each section of your plan. Don’t have any ideas? No problem. LivePlan Assistant will create ideas for you. 

Learn More About Help Me Write → 

Instantly improve your writing

You need a convincing plan that’s sure to impress lenders or investors, but you’re not a professional writer and you want to be sure the plan you are sharing is the best it can be.

LivePlan Assistant’s Rewrite automatically improves your writing:

• Quickly add details or condense a topic
• Adjust the tone of your plan to cater to specific audiences like investors, lenders, or teachers
• Check for grammar and spelling errors
• Adjusts writing to sound more engaging and compelling

Learn More About Rewrite → 

Suggested Revenue Streams

Forecasting, now faster than ever

If you’re just starting your business - it might not be easy to imagine all the places your revenue might come from. And if you’re growing your business, maybe you’re looking for ideas on new ways to drive revenue.

LivePlan Assistant’s Suggested Revenue Streams allows you to start your first forecast, or identify potential new revenue opportunities - fast. Enter a few words about your business and get suggestions for revenue streams that are specific to your business.  

Learn More About Suggested Revenue Streams → 

Frequently Asked Questions

Why are you introducing an ai business plan generator.

Whenever we choose to pursue new features or make updates to LivePlan, it’s with the goal of making business success available to everyone. And as we began to experiment with the capabilities of generative AI to run our own business we realized that it could be a game changer for small business owners. Now, that doesn’t mean we’re trying to invent a plan-writing “easy button”. We believe that part of becoming a successful business owner is understanding the planning process so that you can review, iterate, and grow. An automatic plan writer doesn’t help you do that.

Will there be more AI features?

Yes, there will be new AI features that expand on the capabilities of the LivePlan Assistant. Be sure to opt-into these Betas as they are released so you can test the features yourself. You’ll be prompted on login, or you can opt-in in your Account Settings. We truly believe that incorporating AI within LivePlan will improve the product and help users, like you, succeed in growing your business. While we can’t get into specifics about upcoming features, just know that what we are working on will further strengthen your ability to write a useful business plan, build an actionable financial forecast, and analyze your business’s actual results.

How can I access the LivePlan Assistant?

The LivePlan Assistant is live for every Standard and Premium user right now. If you have trouble finding these features, ensure you’re opted into the necessary Beta programs in your LivePlan Account Settings. If you have any questions about the AI Assistant or other LivePlan features, reach out to our Customer Advocacy Team for assistance

I’m not sure about AI, can I opt out?

This and other future AI tools will be on by default, but you can easily turn them off.  We do understand that you may have concerns about the potential risks and consequences of using AI. You may be worried about the broader impact on society, or just value creating your plan from scratch.  To address these concerns, we are committed to making our AI features entirely optional. We believe in the freedom to choose how you use our product and want to make it easy to opt in or opt out of LivePlan Assistant and any future AI tools.  To opt out, head on over to your account settings.

Try LivePlan today

Totally risk free. 35-day money-back guarantee.

The 10 AI Prompts You Need to Write a Business Plan

Noah Parsons

25 min. read

Updated March 18, 2024

We’ve all been there. The ideas are swimming around in your head, but you’re stuck staring at a blank page and trying to figure out how to turn those ideas into something presentable.

I’d be lying if I said that I didn’t have that same feeling of “writer’s block” when I sit down to write – even this article didn’t start flowing right away.

The writer’s block is even more intense when writing a business plan .

Think about the stakes involved: Is the idea any good? Will the plan be compelling enough for a lender or investor to consider funding it? Even though I’ve written plenty of business plans, it’s always a challenge to figure out how to best present an idea.

This is where AI’s potential is so revolutionary.

The newest chatbots like ChatGPT, Google’s Gemini, and Anthropic’s Bard are excellent helpers, especially for business plan writing . They can take rough ideas and help transform them into cohesive plans that investors are going to want to read.

Instead of figuring out how to present your ideas, you can spend time on your business strategy, refining your marketing plan, and ensuring that your business solves a real problem that potential customers have.

In this article, I’ll share my favorite prompts to use and pitfalls to avoid when writing a business plan with AI.

These AI prompts are tested and generally work well with any chatbot. That said, there are real differences between some of the free, more basic chatbots — ChatGPT 3.5, for example — and the most modern, often paid, versions (as of February 2024) like ChatGPT 4 or Gemini Advanced. The paid versions are just better at writing and better at generating ideas.

Let’s go step-by-step through the process of using AI to help you write your business plan .

Be sure to read the warnings about over-relying on AI at the end of this article. You won’t want to make one of the most common mistakes and end up with a subpar business plan.

• Executive Summary

Don’t use this prompt until you’ve finished building out the rest of your business plan.

Your executive summary is just what it sounds like—a summary. You can’t really create a summary until you know the full details of your plan.

AI is really helpful here —it’s excellent at summarizing longer documents and creating shorter versions.

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Core Prompt:

Help me write a powerful Executive Summary for my business plan. My company is [company name], offering [products/services] in the [industry]. The executive summary should cover the following points:

• The Problem & Solution: Concisely describe the pain point my business addresses and my unique solution.
• Market Opportunity: Summarize the target market size, growth potential, and key customer segments.
• Business Model: Explain how we will generate revenue (pricing strategy, sales channels).
• Competitive Advantage: Highlight what sets us apart and how you’ll win in the market.
• Team: Briefly mention the key experience and skills of our management team.
• Financial Highlights: Provide a snapshot of our projections ( revenue, profit margins).

I’ve already completed the following sections of my business plan, which you can utilize for details: [complete plan content]”

Additional Prompt Elements:

• The Ask: “Include our fundraising ask. We are seeking an investment of [$] which will be used to [describe your use of funds].”
• Target Audience: “Our business plan will be presented to [describe your audience] so the tone should be [business like, casual, etc.]”

Imagine you are starting a meal delivery service business:

“Help me write a powerful Executive Summary for my business plan. My company is “Sunshine Meals,” offering healthy, pre-portioned meal delivery in the [city, state] area. The executive summary should cover the following points…”

• Clarity is King: Use simple language and avoid jargon.
• Data Wins: Quantify your potential with relevant figures.
• Tailor to your Audience: If the plan is for investors, heavily focus on market size, competitive advantage, team credentials, and financial outlook.
• Proofread Carefully: Make sure the AI draft of your executive summary matches what you say elsewhere in your plan.
• Embrace your voice: Beyond proofreading, edit and change the AI-generated words to make sure they sound like your voice and your business.
• Opportunity

The opportunity section of your business plan is where you provide an overview of the problem your business solves for your customers. It’s essentially an overview of your products and services and how your customers use them to solve their problems.

Your opportunity is the core of your business strategy and an area to spend a good portion of your time on. The most successful businesses solve a real problem for their customers, so it’s important to think carefully about the needs your customers have and how your product or service fits into their lives. 

AI will help generate a lot of ideas in this area.

Once you’ve run the prompt, sift through the ideas to find the best ones and perhaps dig deeper into the most promising ones. The better you describe the problem you are solving, the more focus you’ll have as a business owner.

It’s this kind of focus and understanding of customer problems that attracts investors and drives success.

I am starting a [business description]. Help me craft a strong “Opportunity” section for my business plan. Clearly articulate the problem I’m solving, my unique solution, and any traction achieved. I need to demonstrate why now is the right time for my business, [business name]. Describe the significant pain point or unmet need experienced by my target customers, [target customer description]. Explain how my product/service directly solves the problem, detailing its key features and benefits. How is it innovative or different from competitors?

• Describe my initial traction that I have with my customers, which includes [description of any early successes including sales figures, user growth, partnerships, positive testimonials, or awards.]
• Explain what makes this the ideal time to launch my business. Are there favorable market shifts, technological advancements, or gaps my solution is poised to fill?

Let’s say you’re developing a platform to connect freelance writers with businesses:

“I am starting a business that provides an online platform that connects freelance writers with businesses. Help me craft a strong “Opportunity” section for my business plan. Clearly articulate the problem I’m solving, my unique solution, and any traction achieved. I need to demonstrate why now is the right time for my business, The Written Word. Describe the significant pain point or unmet need experienced by my target customers, small business owners who need blog content, product descriptions, and marketing materials. Explain how my product/service directly solves the problem, detailing its key features and benefits. How is it innovative or different from competitors?”

• Storytelling: If you can, try and infuse this section with a brief story illustrating the problem’s impact on potential customers and how your product or service helps solve their problem.
• Simplicity: Keep things simple – don’t go overboard with too much detail about your solution. If your plan is too long, people won’t read it.
• Data: If you have data that backs up your problem description, be sure to include it. Don’t rely on AI to get that data, though—it likely won’t be accurate or sourced correctly.
• Make it Yours: AI might come up with some interesting ideas for describing the problem you solve. You need to filter and edit to ensure that the content accurately reflects your business.
• Market Analysis

This section of your business plan describes the market you are selling to.

Typically, the market analysis explains how many potential customers you have and a detailed description of your target customer. It’s important to stress that AI chatbots (as of March 2024) aren’t very good at this task.

The data they provide is often wrong.

You’re much better off doing your own research and finding reputable data sources instead of relying on AI. We are providing a prompt here, but be very careful to double-check any data that the AI provides.

You’ll typically find that AI will generate a lot of target market ideas .

Similar to the “Opportunity” section of your plan, it’s important to narrow down your target market to a few specific ones to start. The best strategies are usually very focused, so pick one or two core target markets to get started.

As Michael Porter, the famous Harvard Business School professor, once said, “The essence of strategy is choosing what not to do.”

Help me write a comprehensive market analysis for my business plan. My business is [business name], and we offer [products/services] within the [industry] sector. Cover the following key areas:

• Market Size & Growth: Quantify the current market size in terms of value or volume. Identify and discuss trends influencing market growth (or decline).
• Target Customers: Create detailed customer profiles of my ideal segments (demographics, psychographics, needs, buying behaviors).
• Market Segmentation: “Break down the market into smaller segments – are there lucrative niches to target?”
• Data Sources: “Suggest reliable sources for industry reports, market statistics, and competitor insights.”

Let’s say you’re opening a plant-based meal delivery service:

“Help me write a comprehensive market analysis for my business plan. My business is ‘Nourish’, and we offer healthy plant-based meal delivery within the prepared food industry. Cover the following key areas…”

• Be Specific : Avoid overly general target markets. Successful businesses target very specific customers initially.
• Visuals Aid Understanding: Use charts or graphs to visualize market data or segmentation.
• Support Your Claims: AI often does not give you reputable sources or will even make them up. The output may look impressive and accurate, but you must double-check everything and cite reputable sources for all your market data.
• Competitive Analysis

Like the market analysis section, be careful using AI for the competitive analysis section. It may invent potential competitors or miss out on key competitors that you know exist.

You can use AI to get the overall structure of this section, but you might be better off writing your own competitive analysis.

When you think about competitors, remember to not only think about direct competitors, but also indirect competitors. Indirect competitors are alternate solutions to a customer’s problem, while direct competitors are companies that offer a similar service or product as you do.

For example, a gym might compete against other gyms (direct competitors), but it also competes against running trails and people doing exercise at home (indirect competitors). 

A strong understanding of your competitors is important for developing your strategy. So, it will be worth looking beyond what AI generates for you and doing some of your own research.

Help me craft a strong “Competition” section for my business plan. My business is [business name], offering [product/service] in the [industry] sector. Cover the following key areas:

• Competitor Analysis: Identify my top 3-5 direct competitors and analyze their strengths, weaknesses, pricing, marketing strategies, and target customer overlap.
• Indirect Competition: List companies offering alternative solutions or partially addressing the same customer need.
• Competitive Advantage: Clearly articulate how my product/service is unique, better, or fills unmet needs compared to the competition.
• Barriers to Entry: Outline challenges new competitors would face (high startup costs, patents, customer loyalty to existing brands, etc.).
• Opportunities & Threats:
• Identify potential weaknesses in competitor offerings that I can capitalize on.
• Predict any competitive shifts that could threaten my business (emerging technologies, consolidation, etc.).
• SWOT Focus: “Summarize my competitive analysis in a SWOT framework specifically tailored to my business compared to the competition.”
• Future Outlook: “Analyze how the competitive landscape might evolve and how my business is positioned to adapt.”
• Customer Perspective: “Assess the competition through the eyes of my target customer – What influences their purchasing decisions?”

Let’s say you’re launching a sustainable clothing brand:

“Help me craft a strong “Competition” section for my business plan. My business is ‘ConsciousThreads,’ offering ethically sourced, sustainable clothing in the fashion industry. Cover the following key areas…”

• Be Honest: Don’t underestimate your competition; acknowledge their strengths.
• Differentiation is Key: Emphasize what truly sets you apart and makes you a compelling choice.
• Stay Up-to-Date: Monitor competitor activity even after your plan is written.
• Research your competitors: AI has been known to invent competitors, so don’t just take AI suggestions as truth. Look them up online, find their websites, and take time to get to know them through their online presence.
• Marketing and Sales

Use the marketing and sales section to describe the marketing tactics you’ll use to reach your target customers and what your sales process looks like.

AI shines for this type of task and will help you brainstorm marketing strategies and quickly generate a lot of ideas.

That can be a huge help to expand your thinking about your sales and marketing strategy. But, similar to other areas of your plan, you’ll need to narrow things down and get specific.

Your job will be to focus and pick the marketing and sales tactics that you think will work best for your business and your customers. Think about starting with one or two core ideas and then list ideas that you may explore in the future.

Because most new businesses don’t have endless budgets or people, a narrow marketing focus is a more realistic approach.

Help me develop a detailed “Marketing and Sales” plan for my business, [business name].  My target customers are [describe ideal customer profile] within the [industry]. Outline the following aspects:

• Market Positioning: Define how I will position my brand and offerings within the marketplace. I want to be perceived as [luxury, budget, etc.]
• Marketing Channels: Where does my target audience spend their time? List potential online and offline channels to reach them (website, social media, content marketing, trade shows, etc.).
• Sales Process: Outline the steps from lead generation to closing a sale. I will use a [direct sales team, online store, distributors, or a combination]. Describe the customer’s sales journey.
• Pricing Strategy: Explain my pricing model [premium, competitive, etc.] and the rationale behind it. Consider costs, market comparisons, and perceived value.
• Budget: “My preliminary marketing budget is [$]. Suggest marketing channels and marketing tactics that align with this budget”
• Metrics: “Identify key metrics to track the effectiveness of my marketing and sales efforts.”

Let’s say you have an online course business teaching creative writing:

“Help me develop a detailed “Marketing and Sales” plan for my business, ‘The Write Path’.  My target customers are aspiring writers seeking to improve their craft within the online education space. Outline the following aspects:…”

• Specificity Wins: Detail your channel strategies – don’t just list social media, outline the specific platforms and content types you’ll leverage.
• Test & Adapt: This section should be a living document that evolves as you gather real-world data.
• Actionable Plan: Include timelines and who’s responsible for executing different strategies.

Be Selective: Don’t just cut and paste all AI suggestions. You have a better sense of what will work for your market, so pick and choose what make sense for your business.

The operations section of your business plan goes over your basic business logistics, such as your location and facilities, the technology you are using, and any other operational specifics important to communicate in your business plan. 

You’ll need to customize this prompt quite a bit for it to work for your business as AI can’t guess at your location, the technology you’re using, or who your suppliers are. For each of the bulleted sections below, customize the content for your business before using the prompt.

Help me write an “Operations” section for my business plan. My business is [business name], offering [products/services] in the [industry] sector. Cover the following key areas:

• Location & Facilities: Describe my business location (physical/virtual/hybrid). Detail any specialized facility needs (manufacturing space, storefront, etc.).
• Technology & Equipment: Outline essential software, hardware, tools, and specialized equipment required. Specify any technology unique to my industry.
• Production/Workflow: Map out the process for creating my product or delivering my service. Identify potential bottlenecks for optimization.
• Suppliers & Inventory: If applicable, describe my sourcing strategy and relationships with key suppliers. Explain any inventory management systems in place.
• Regulatory/Legal: List any critical permits, licenses, or regulations that impact my operations.

Let’s imagine you’re starting a small-batch skincare company:

“Help me write an “Operations” section for my business plan. My business is ‘Radiant’, offering handcrafted skincare products in the beauty industry. Cover the following key areas:

Location: Our business offices are located in Brooklyn, NY and we have contracted with a third-party-logistics provider for packing and shipping in St. Louis.

Technology: We are using a Shopify store to sell online.

Research and Development: We work with an R&D that specializes in skincare and cosmetics in the Boston area.

Production: Our products are produced by a skincare producer located in the Philippines.

Regulatory: Because our products are organic, we need to be certified as an organic producer and have regular inspections of our production and ingredients”

• Be Realistic: Acknowledge any operational challenges or constraints
• Focus on Efficiency: Highlight processes designed to save time or minimize costs.
• Connect to Financials: Ensure operational choices align with your budget and projections. Remember, AI tools won’t be able to help much since they do not address financials and projections very well.
• Milestones & Metrics

Milestones are important dates for your business—essentially a roadmap for how you plan to build your business. You’ll focus just on key milestones, not every task that you need to complete. You’ll also want to review the key metrics that you will monitor to ensure that your business is successful.

AI can be helpful and give you some ideas for key milestones, but you’ll need to customize this section to match your business, your schedule, and your own timeline.

Milestones are all about goals and accountability.

It doesn’t matter how great your idea is if you can’t execute and make it happen. Milestones are all about coming up with a plan to turn your idea into reality, so spend a little time here thinking about a realistic timeline and plan.

Core Prompt

Help me craft a strong “Milestones and Metrics” section for my business plan. My business is [business name], offering [product/service] in the [industry]. Break it down as follows:

Key Milestones : Outline 5-8 of my most significant goals over the next 1-3 years. These should be specific: Avoid vague goals; state precisely what needs to happen. Time-Bound: Include a target date for completion. Relevant: Goals should directly support business growth and vision. Examples: Secure funding, launch product, reach a revenue target, open a new location, etc.

Key Performance Indicators (KPIs): List 5-8 metrics that will best measure the progress towards those milestones and my overall business health. Consider the following categories: Financial: Sales revenue, gross profit margin, customer acquisition cost (CAC), etc. Customer-Related: Net promoter score (NPS), customer retention, website traffic, etc. Operational: Production efficiency, order fulfillment time, etc. Explain why each KPI is important and how I plan to track them.

Let’s say you’re launching a subscription box service:

“Help me craft a strong “Milestones and Metrics” section for my business plan. My business is ‘Curated Delights,’ offering monthly themed subscription boxes in the lifestyle niche. Break it down as follows…”

• SMART Goals: Make sure milestones adhere to the SMART framework (Specific, Measurable, Achievable, Realistic, Time-bound).
• Regular Review: Use this section as a tool; revisit and adjust milestones and KPIs as needed.

Pitfalls: 

• Customize: This prompt will generate ideas for milestones and metrics, but you’ll need to customize them for your business to get the best results.
• Company Overview

Similar to previous sections, AI can help provide you with writing ideas and structure for the company overview section of your plan. It can’t describe your specific situation unless you provide it with the details.

You’ll need to know who the company owners are, what share of the company they each own, and what the legal structure is.

This section is less about strategy and more about just providing the facts. Use AI as a helpful copywriter here to turn your notes into polished text.

Help me write a “Company Overview” for my business plan. My company, [company name], operates within the [industry] sector. Cover the following essential details:

• Legal Structure: My company is a [Sole Proprietorship, Partnership, LLC, Corporation, etc.]. Briefly explain the reason behind this choice.
• Ownership: [List the owners/founders, their titles, and percentage of ownership]
• Company History: Summarize my company history based on the following information: [Founding date and location, major milestones achieved to date (if existing business), etc.]

Let’s say you’re a freelance web designer starting an agency:

“Help me write a “Company Overview” for my business plan. My company, ‘Creative Web Solutions’, operates within the web design and development industry. Cover the following essential details:

• Legal Structure: Creative Web Solutions is registered as an LLC for liability protection and potential tax benefits.
• Ownership: I, [Your Name], am the sole owner and founder.”
• Keep it Brief: This section is just about communicating the facts; other areas of the plan will provide more depth.
• OK to Skip: If you aren’t seeking investment, you likely don’t need this section.
• Management Team

Once again, without your input, an AI chatbot won’t have much to go on. That said, AI can take your rough notes about your team and turn them into polished writing. Just be sure to double-check everything to make sure your team’s skills haven’t been represented incorrectly.

Help me write a “Management Team” section for my business plan. My company is [company name] operating in the [industry]. Include the following:

• List titles and roles of the core management team (founder(s), CEO, CMO, etc.).
• Provide a brief bio for each member, focusing on relevant experience, skills, and accomplishments that demonstrate their suitability for their role.
• Summarize the collective strengths of the management team and how they complement each other.
• Highlight any specific industry knowledge or expertise.
• List any formal advisors or board members.
• Outline their backgrounds and how they add strategic value to the business.
• Acknowledge any current gaps in expertise within the team and your plans to fill them (future hires, consultants, etc.).

Imagine you’re starting a tech startup with a co-founder:

“Help me write a “Management Team” section for my business plan. My company is ‘Innovatech’ operating in the software development industry. Include the following:..”

• Showcase Passion : Briefly mention what drives each team member and their commitment to the company’s vision.
• External Validation : Awards, past successes, or notable affiliations of team members add credibility.
• Be Honest : Investors appreciate transparency about potential shortcomings and your plan to address them. Make sure you edit what AI writes, that it accurately reflects the gaps in your team, and that it sounds like you.
• Financial Plan

Unfortunately, AI help can only take you so far with your business plan, which is the biggest pitfall in using AI to generate your plan . While it’s great at brainstorming and turning notes and ideas into polished text, AI is just not capable of pulling together the complete financial forecasts that businesses need and investors expect.

To create a financial plan , a spreadsheet or a business planning tool are the right choices for the job. Here’s why:

• Flexibility: Creating a financial plan takes some experimentation. As you adjust your expected revenue and expenses, you’ll want to see in real time what the impact is on your profitability. AI Chatbots don’t provide that kind of interface and require slow regeneration that often introduces unwanted changes and surprises.
• Cash Flow: Forecasting cash flow can be challenging, especially if you’re dealing with inventory or customers that don’t pay you right away. Business planning tools have these calculations baked in so you can adjust your assumptions about when you think you’ll purchase inventory and when customers will pay and immediately see how your cash is impacted.
• Accuracy: As it is, chatbots like ChatGPT aren’t known for their honesty. You don’t want to apply for a loan or present to investors with a forecast built by AI because you can’t be sure all the math is 100% accurate. You’ll want to be confident in your numbers to run a successful business.
• Know your business: When you build your own forecast, you develop a deep understanding of how your business works. AI can’t give you this knowledge . And without a solid understanding of how your business works from a financial perspective, it will be challenging to be successful.
• It’s what investors want: Lenders and investors expect financial forecasts in a specific, standardized format. While AI can help you with the basics, it can’t develop an accurate balance sheet or cash flow forecast for you.
• Better Business Management: The key to running a successful business is paying attention to the numbers: are you getting the revenue you expect and are your expenses on track? A good planning tool, or at the very least a spreadsheet, will help you keep track of your numbers so you can know exactly how your business is doing and what changes need to be made.

All of that said, AI can help you understand how you might want to start your forecast.

It can suggest common revenue streams and expenses for your business so you can make sure that you’re not overlooking anything. AI might even give you some new ideas for how your business might make money. Here’s how you can get AI to help:

Help me generate a comprehensive list of potential revenue streams, cost of goods, and expenses to include in my financial forecast for my business, [business name].  My business operates in the [industry] sector and offers [products/services].

Let’s say you’re a freelance graphic designer:

“Help me generate a comprehensive list of potential revenue streams and expenses to include in my financial forecast for my business, “Visual Designs.” My business operates in the creative services industry and offers logo design, branding packages, and website design services.

• Don’t Get Too Specific: Think about broad categories for revenue streams and expenses – things that you’d want to track and pay attention to over time. Don’t list every minor thing.
• Pay Attention to Profits and Cash: For most businesses, profit and actual cash in the bank are different things. Your forecast will help you spot future cash problems that might happen even when you’re profitable.
• Revisit Regularly: Successful businesses track their performance compared to their revenue goals and expense budget, just like you track things with a personal budget. 
• Don’t try to use AI to generate your numbers: You will need to use a financial model and take the time to put together a full financial forecast.
• Important Advice and a Warning for Using AI for Business Planning

There are two points I want to stress as you think about using AI to help write your business plan.

1. You need to know your business

The first is that good, healthy businesses grow because owners and entrepreneurs deeply understand their business.

Yes, you can use AI to help you write a business plan, but that plan needs to be yours — the ideas, how the business works, your competitive advantage. If you’re not 100% behind the ideas in the plan, you’re much less likely to be successful.

The most valuable benefit of business planning is not the document that you end up with, but the ideas that you generate through the process.

The planning process helps you focus on a winning business strategy, a marketing plan that will bring customers in the door, and a detailed understanding of your customers. The document is just a byproduct of the process.

The knowledge that you gain is what’s truly valuable.

2. AI isn’t perfect

Second, as impressive as AI is, it makes mistakes. It invents things. So make sure to double check any “facts” that AI presents. AI is better at ideation and brainstorming than doing detailed market research and creating financial models. 

To use AI successfully, it’s important to understand its strengths and weaknesses .

It’s a tireless business partner that you can bounce ideas off of. It’s always ready to brainstorm and help you generate 100 new ideas. But it’s not a great research assistant or number cruncher — at least not yet.

For those parts of your plan, use the tools that are best for those jobs.

If you’re looking for an AI-powered tool to improve your writing, suggest revenue streams and more, I recommend you check out the LivePlan Assistant . It’s the only AI business planning tool backed by over 30 years of business planning and forecasting expertise.

See why 1.2 million entrepreneurs have written their business plans with LivePlan

Noah is the COO at Palo Alto Software, makers of the online business plan app LivePlan. He started his career at Yahoo! and then helped start the user review site Epinions.com. From there he started a software distribution business in the UK before coming to Palo Alto Software to run the marketing and product teams.

Table of Contents

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The Bottom Line

How to use ai in business planning.

AI can boost efficiency and accuracy in inventory planning, logistics, data analysis, forecasting, writing business plans, and more

Artificial intelligence (AI) can be used across many aspects of business planning, improving the accuracy and efficiency of processes like inventory planning, logistics, financial and sales analysis and forecasting, and project management. Entrepreneurs looking to launch a new business can also use AI to their advantage in writing a business plan.

However, the specific roles and applications of AI in business planning can vary depending on the nature and requirements of the business or industry.

Key Takeaways

• AI can significantly improve the accuracy and efficiency of data analysis for business planning and help identify new sales and business growth opportunities.
• Incorporating AI in business planning can improve forecasting by offering predictive capabilities.
• Automation of repetitive tasks and processes, such as pulling data for analysis, is another benefit of using AI in business planning.
• Ethical considerations such as potential biases in AI algorithms, as well as technical limitations with AI algorithms, must be addressed in any AI-driven business planning.

Business leaders looking to use artificial intelligence for business planning can benefit from the insights and efficiencies it provides . Here are some of the ways in which businesses can use AI for different business planning applications.

Improved Accuracy and Efficiency of Data Analysis

As many machine learning algorithms are designed to recognize patterns and process a large quantity of data in relatively little time, they can spot trends and offer insights that might not otherwise be evident. This can help in analyzing and deriving insights from large volumes of customer, order, financial, or other business-related information.

Enhanced Forecasting and Predictive Capabilities

Also referred to as predictive analytics , the ability of AI to make inferences about future outcomes using existing data can be a huge asset across many different business areas. For example, the food service company Sysco uses AI for inventory management as well as warehouse and delivery logistics planning. Another impactful business application for predictive AI models is financial and inventory planning.

Automation of Repetitive Tasks and Processes

Any business planning workflow that currently includes a manual, rote, or repetitive task might be a good candidate for automation using AI. Examples might include pulling data into a spreadsheet for analysis, generating or formatting data, processing documents or information, or requesting approvals.

Identification of New Business Opportunities

AI can help identify new growth strategies and opportunities in marketing and sales. Using AI-enabled customer relationship management (CRM) software can offer insights on lead generation, upsell or cross-sell opportunities, and customer service strategies. It can also provide businesses with the data to better personalize their offerings and target different segments of their customer base.

Many generative AI tools and software platforms are available to assist entrepreneurs with the task of writing a business plan. Here is a list of popular AI-based business plan generators.

Although not a dedicated business plan generator, ChatGPT is one of the most well-known and accessible generative AI tools. Users can prompt ChatGPT to quickly generate ideas, draft outlines or sections, and edit or make text suggestions.

However, any information that ChatGPT provides on things like market research may not be up to date or reliable. Any data and references should be double-checked to ensure both factual and contextual accuracy, and the writing should be reviewed to ensure it aligns with the writer’s desired tone of voice.

Although a free version is available, a paid subscription to ChatGPT Plus costs $20 per month.

Notion is an AI-enabled workspace and project management tool. Although it can be used for more than just generating a business plan, Notion offers both free and paid AI-supported business plan templates.

As an AI-powered productivity tool, Notion can help users quickly generate text as well as automate workflows and tasks. This makes it a useful option for those who wish to use it for individual and team project execution as well as planning.

However, for those who simply wish to generate a business plan, the platform may present a bit of a learning curve and require an investment of time to understand how to use it properly.

Notion has a free plan, but its paid plans start at $8 per month.

ProAI is an AI platform specifically tailored to business planning, research, and strategy solutions. It has dedicated tools for generating business plans, financial models, and pitch decks, as well as an AI business advisor that users can consult. It can also guide users in raising capital, including suggesting investors, funding amounts, and approaches.

Users input their business information and goals and link their social media, analytics, accounting software, and other data to the program, and it learns and adapts accordingly. As such, ProAI is a good tool for those looking for accuracy and assistance with financial projections.

However, compared to other tools, ProAI can take considerable time to generate a business plan (up to several days, depending on the depth and level of customization required). There are also potential privacy concerns associated with the sensitivity of data being shared.

ProAI is one of the more expensive AI business plan generators on the market, with plans starting at $199 per month.

Simplified is another workflow and productivity tool, with a suite of AI-powered programs to help users create all kinds of content, manage social media channels, and more. Their AI writing tool can offer suggestions and includes templates for specific types of business plans, from food trucks to real estate services.

Simplified’s business plan generator is geared toward solo entrepreneurs, small businesses, and startups. As it is easy to learn how to use, it is a good option for those who don’t want to invest significant time in understanding a new software. It can also generate different types of content, integrate with other platforms, and allow multiple users to collaborate, making it a useful tool for project management and execution.

However, the tool as a whole is not specifically designed for business planning, so it can be limited in terms of data analysis and industry-specific details.

Up to 2,000 words can be generated for free; after that, paid plans start at $11 per month.

As a dedicated business planning tool, Upmetrics promises to simplify business planning with its AI-powered insights. It includes an AI assistant, a business plan builder with over 400 customizable sample plans, and a pitch deck creator. It also offers financial forecasting and templates to suit different business models.

Upmetrics can both generate and edit text, and users can adjust the tone of the content as well. It also offers users the ability to collaborate on documents, design cover pages, and drag and drop sections into the template.

Potential downsides might include privacy concerns around sharing financial and other business data, as well as relatively limited template options and customization options.

Upmetrics plans start at $7 per month.

AI can be used for business planning at many different stages, starting from when the initial vision for the business is being created. Here’s how to incorporate AI into your business planning.

• Write a business plan with an AI business plan generator . Whether you use one of the generators mentioned above or one of the many other tools available online, AI-enabled writing programs can provide anything from a draft outline to a comprehensive document to work from. Don’t rely entirely on AI for a finished product, however; it’s important to review and check your business plan for things like accuracy, tone, and flow.
• Use AI-powered automation to improve your business operations . To optimize the day-to-day operating processes of your business, pinpoint any workflows that include manual, rote, or repetitive tasks, such as note taking, data entry, or transcription. Then seek out AI automation tools to save time, make the tasks more efficient, and reduce errors.
• Analyze your business data with AI . As your business starts to generate data, whether from leads, orders, sales, customer interactions, social media, or finances, AI can be helpful in capturing and analyzing it. In turn, this data can provide crucial information for making decisions about the future of the business in terms of both offerings and growth opportunities.
• Capture insights with AI to forecast, plan, and set goals . Predictive AI models can be a huge asset in business planning, helping entrepreneurs draw conclusions about future states of business based on historical and current data. While this has obvious applications for business financials, it can also be useful for consumer trend forecasting, customer service, and logistics and inventory planning.

Ethical Considerations in AI-Driven Business Planning

As with any AI application, using AI for business planning is not without ethical concerns.

It’s important to be transparent about the use of AI to both stakeholders and customers in order to maintain relationships of trust and accountability. It’s good practice to make it clear to customers when they are interacting with AI, as with an AI chatbot or a piece of writing generated by AI, for example.

It’s also important to communicate with stakeholders, employees, and decision makers about the reasons for choosing to implement AI in the business and how it will be used, monitored, and maintained so that the appropriate policies and oversight are put in place.

Understanding and communicating how any AI model is programmed and why is also an important accountability and ethics consideration. Many AI models have been shown to reproduce patterns of bias and discriminatory behavior when it comes to gender, race, and other aspects of identity. For example, fintech software algorithms have been shown to replicate historical behaviors of discrimination against marginalized and racialized individuals because those algorithms learn from historical datasets.

Future Trends of AI in Business Planning

As AI models improve and their applications become more mainstream, expect to see AI becoming a feature in all kinds of programs, from financial software to go-to office productivity suites. This will offer both easily accessible information and automation.

Businesses will be able to create ever more personalized offerings for their customers, thanks to AI integrations in CRM software that can draw insights from large volumes of customer data.

AI tools are also changing the competitive landscape of business and entrepreneurship by making previously specialized creative and technical skills like writing, designing, and coding more accessible.

Companies that nimbly adopt and develop strategies to use AI may unlock a significant advantage, though soft skills and a human touch remain as important as ever. A 2023 survey by software company Redpoint Global found that although 73% of consumers believe there to be a positive potential for AI in customer experience, 77% of consumers believe that positive customer experiences still require human interaction.

Can I Use ChatGPT to Write a Business Plan?

Among other types of content, ChatGPT can help users quickly generate a business plan by providing ideas, drafts, outlines, or suggestions. However, it’s advisable to review and validate any information that it provides to ensure it’s up to date and accurate.

Are There Free AI Tools for Writing Business Plans?

Many free generative AI tools, like ChatGPT, can assist in writing business plans. Notion and Simplified are examples that include business plan templates for specific types of businesses.

What AI Tools Can Be Used for Business Strategy?

Upmetrics and ProAI are two dedicated business planning AI tools that can provide research, strategy, financial forecasting, and presentation templates.

AI can contribute to better efficiency in business processes, identify opportunities for growth, and provide insights by analyzing large volumes of data, making it a great asset to business planning. However, it’s worth taking a step back before implementing any AI tool in business planning to assess where and how AI can have the most impact.

Just like any other digital tool or technology, AI should be used to complement and bolster existing and future workflows, and should be implemented with an eye to both strategy and accountability.

U.S. Government Accountability Office. “ Artificial Intelligence’s Use and Rapid Growth Highlight Its Possibilities and Perils .”

Google Cloud. “ What Is Predictive Analytics? ”

Massachusetts Institute of Technology, MIT Sloan School of Management. “ Incorporating Generative AI into Your Company’s Technology Strategy .”

CO— by U.S. Chamber of Commerce. “ AI and CRM: Combining Two Powerful Technologies to Grow Your Small Business .”

OpenAI Help Center. “ What Is ChatGPT Plus? ”

Notion AI. “ Product Page .”

ProAI. “ Homepage .”

CO— by U.S. Chamber of Commerce. “ How to Use AI Tools to Write a Business Plan .”

ProAI. “ Pricing Page .”

Simplified. “ Generate a Business Plan for Small Business .”

Simplified. “ Homepage .”

Upmetrics. “ Homepage .”

TrustRadius. “ Upmetrics .”

CNBC. “ A.I. Has a Discrimination Problem. In Banking, the Consequences Can Be Severe .”

Harvard Business Review. “ Building Transparency into AI Projects .”

Massachusetts Institute of Technology, MIT Sloan School of Management. “ How Generative AI Is Changing Entrepreneurship .”

U.S. Small Business Administration. “ These Small Business Trends Look to Shape 2024 .”

Redpoint Global. “ 73% of Consumers Believe AI Can Have a Positive Impact on Their Customer Experience .”

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The Future of Business Planning

Venture Planner uses cutting-edge technology to generate professional business plans effortlessly. The platform, equipped with an advanced AI interface, guides you through a sequence of multiple-choice questions before generating everything you need, including detailed financial forecasts.

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Answer The Questions

Here's the ingenious bit, the platform doesn't require you type anything. Instead, the AI will pose a series of questions, gathering information on your vision, goals and ambitions.

Generate Your Plan

Our sophisticated AI then analyses your inputs and generates tailored suggestions and strategies for you to consider. Finally each section of your plan is generated according to your specific requirements.

Next-Gen Business Planning

There is no need for typing and minimal data entry, just answer the questions, we do the rest.

Automated Projections

Quickly create precise and realistic financial forecasts without any financial expertise.

Professional Quality

Created by business leaders and financial advisors our plans are the highest quality available.

Strategy Suggestions

Our AI provides multiple strategies to increase business growth and success.

Powerful AI Engine

Leverage the power of the worlds most advanced AI to supercharge your business plans and growth.

Get the AI Advantage & Overtake your Competitors

Winning strategy.

Craft business strategies that position you ahead of the curve.

By leveraging data-driven insights, you can make informed decisions that propel your business to new heights, ensuring a competitive edge in your industry.

Improved Marketing

Enhance your marketing with AI that understands your audience.

Our system helps you create a marketing plan that will resonate with your target demographic. With our AI, you can ensure that your marketing message hits the mark every time.

Accurate Financials

Trust in AI to deliver precise financial forecasts and budgeting.

Plan investments, manage cash flow, and predict revenue with confidence, securing your business's financial future.

Better Branding

Plan a brand that connects and endures.

Enhance your brand's presence and loyalty with a unique identity that speaks directly to your audience's needs and aspirations.

Reduced Risk

Identify potential pitfalls before they occur.

From market shifts to operational challenges, our AI tools provide you with the foresight to navigate obstacles and secure your business's continuity.

Achieve Objectives

Identify and manage short and long term objectives.

Be clear about your goals and put in place an action plan to achieve them.

Forecasting

Revenue projection, cash flow forecast, profit & loss, balance sheet.

We make it easy to create revenue projections, so you can make informed decisions based on accurate figures.

• Easy input of sales drivers and growth assumptions with user-friendly interfaces
• Create multiple what-if scenarios to understand potential outcomes.
• Generate detailed reports that can be used for investor presentations or internal strategy meetings.

Automated cash flow forecasting provides the insights needed to manage liquidity, plan for the future, and avoid potential cash shortages.

• Automatically calculates cash inflows and outflows, reducing the risk of human error.
• Generate graphical representations of cash flow data for easier interpretation and analysis.
• Categorise and track expenses automatically for comprehensive expense management.
• Match revenues with corresponding expenses for accurate profitability analysis.
• View key performance indicators such as gross margin and net profit margins.

Get a clear view of the businesses financial health by accurately representing assets, liabilities, and equity.

• Calculate key financial ratios such as debt-to-equity and current ratio for financial analysis.
• Track depreciation and amortization schedules for accurate asset valuation.
• Monitor short-term and long-term liabilities to ensure accurate reporting.
• Keep track of equity changes from retained earnings and capital injections.

Subscriptions

We offer two options, each provide full access to all features. The choice is simply a matter of how many plans you wish to create.

• Business Subscription For entrepreneurs and others looking to create a single professional business plan.
• Consultant Subscription For business plan writers and consultants who need to create multiple business plans.

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The 10 Best AI Tools for Small Businesses and How to Use Them

Published: May 03, 2024

When Open AI’s ChatGPT first burst onto the scene in late 2022, as a writer, admittedly, I was a little nervous. All I kept hearing was how AI was going to take my job and how human writers would go the way of the dinosaur … yada yada yada.

That put a sour taste in my mouth regarding using that AI tool for my small business. And it was quite some time before I tried it myself. While I’m still not overly impressed with ChatGPT’s ability to write (or, should I say, generate ) content, I’ve come to think it’s a handy research tool.

Cut to 2024 , and I lean on ChatGPT to brainstorm use cases for products, concepts, or other ideas I’m writing about. (You’ll see me use it to research use cases for this very article a little later on.) I find it helpful and a positive experience, but I always cross-reference with other information sources.

Aside from ChatGPT and my specific use for it, plenty of other AI tools on the market can help your small business. And I road-tested 10 of them right here.

How AI Can Help Your Small Business

First, consider three ways AI can support your small business.

Customer Support

AI opens up the potential for small businesses to offer 24/7 assistance to their customers. According to our State of AI Report , customer service professionals cite this as AI's biggest benefit. This round-the-clock support is driven mainly by AI-powered chatbots and self-service tools.

Aside from 24/7 support, 84% of customer service reps find AI makes it easier for them to respond to support tickets. One reason for this is AI’s capacity to prioritize tickets and then route them to human agents.

I interviewed Appareify Co-Founder Nora Salama about the pros of AI in customer service . They had this to say about support ticket prioritization:

“We recently started to utilize generative AI tools that can analyze CX requests based on sentiment, intent, and language before appropriately categorizing tickets,” says Salama. Doing so has helped Appareify "prioritize tickets, send tailored responses, and even more easily assign them to the agent that is most qualified to address the issue with speed and efficiency.”

Marketing and Sales

Nearly 90% of marketing professionals find that AI improves content quality. Meanwhile, 80% of bloggers say AI enhances user experience and can help improve their SEO efforts.

Regarding sales, prospect outreach is a widespread use case, with 86% of sales pros finding generative AI an effective means to craft prospecting messages. A further 72% say AI helps them to build rapport with prospects much quicker.

A cautionary tale: I think by now, we’ve all fallen foul of AI/automated sales outreach in some way.

Be that an obviously AI-generated comment on LinkedIn that parrots your post back at you, adding nothing insightful or new, or a random email from a stranger advertising an irrelevant service that can in no way help your small business.

Aaand, it feels icky. Moreover, it leads to annoyance and frustration rather than a sale.

With that in mind, if you use AI to help with your sales prospecting, don’t use it as a substitute for critical thinking or your humanity in general. First, make sure the people you reach out to can actually benefit from what you offer in some way. Second, personalize your outreach messages so they don’t feel like just another annoying LinkedIn pitch slap or cold outreach email.

Productivity

More than 60% of business leaders across industries have invested in AI to help their employees. Of those, 72% report an uptake in employee productivity. That’s no surprise, given that 95% of professionals say AI allows them to spend less time on manual, repetitive tasks. The result? Nearly 90% have more time to spend on the most impactful parts of their role.

One of my biggest productivity boosters is Grammarly. It’s an efficient way to check for spelling and grammar issues in my writing, finesse my client emails, and fine-tune social media posts. This frees my brain up to really focus on the writing element and, yes, makes me more productive.

No matter what you use AI for, remember that there are limitations. According to International SEO Consultant Aarne Salminen :

“In my opinion, businesses should take care about what they agree to when signing into ANY tool. Let's say they feed their business data to such a tool. Does it give the tool owner the right to use that data as they please? That should be on any business's radar, at least.”

Looking for an all-in-one AI solution for marketing, sales, and customer support workflows? Get started with HubSpot AI today .

10 Best AI Tools for Small Business

I road-tested 10 affordable AI tools for small businesses. Here's what I found.

HubSpot is a CRM platform that can help you simplify your processes across sales, marketing, and customer support. The platform integrates AI across these areas to help you improve anywhere from inbound marketing campaigns to your business operations.

HubSpot’s CRM is free. Paid plans start at $50 monthly and vary based on team size and tier subscription tier. You can find core AI features like content creation, deduplication features for your lists, emails and workflows, and HubSpot’s AI-powered companion, ChatSpot.

Don't forget to share this post!

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New research into how marketers are using AI and key insights into the future of marketing with AI.

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OpenAI rival Anthropic launches AI assistant Claude in European Union

ChatGPT rival Claude is now available in the European Union .

Claude, developed by Amazon-backed start-up Anthropic, is an AI assistant that is able to perform tasks on behalf of users such as writing essays or summarising information.

Considered one of OpenAI’s major rivals in the generative AI space, Anthropic claims that Claude is “designed to be as trustworthy as it is capable”.

The company says it has dedicated teams that track and mitigate risks including misinformation, bias, election interference and national security threats.

Anthropic has also developed a special method by which to train the AI assistant, called “constitutional AI”.

The method is billed as training Claude to stick to a “constitution” of values, and to avoid doing harm.

Already available in the US and UK, the Claude IOS app, web app and business plan are now available to people and businesses in the EU.

Dario Amodei, chief executive and co-founder at Anthropic, said Claude has been designed with a “strong commitment” to “accuracy, security and privacy”.

“Claude puts users in control and gives them the ability to easily create, iterate and augment their ideas at work and in their daily lives,” he said.

“Millions of people worldwide are already using Claude to do things like accelerate scientific processes, enhance customer service or refine their writing.

“I look forward to seeing what people and businesses across Europe create with Claude.”

Both the web app and the Claude iOS app are available for free.

Claude Pro, a premium version of the web app, is available for 18 euros plus VAT per month, or local currency equivalent.

In March, it was reported that Amazon took a minority stake in Anthropic, agreeing to invest up to four billion dollars (£3.19 billion) in the company.

Under the deal, Anthropic agreed to use AWS as its primary cloud provider, and to use Amazon’s chips to build and train AI models.

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Google Cloud, Bharti Airtel announce partnership to expand AI solutions in India via cloud adoption

Airtel and google cloud plan to modernise cloud services with this partnership, aiming to make cloud-based solutions more accessible to businesses across india.

• Updated May 13, 2024, 1:28 PM IST

Bharti Airtel and Google Cloud have announced a partnership to accelerate cloud adoption and deploy advanced AI solutions across Indian enterprises. This collaboration combines Airtel’s connectivity with Google Cloud’s AI technologies to serve over 2,000 large enterprises and one million emerging businesses in India.

Airtel and Google Cloud plan to modernise cloud services with this partnership, aiming to make cloud-based solutions more accessible to businesses across India. The partnership targets the growing Indian public cloud market, expected to reach $17.8 billion by 2027.

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Airtel and Google Cloud will use Airtel’s data to create AI and machine learning solutions. These will include geospatial and voice analytics and marketing technologies that promise improved trend analysis, risk management, and consumer behaviour forecasting. Airtel has also developed an IoT solution for the utility sector that integrates connectivity, Google Cloud services, and application software, streamlining deployment processes.

To support these technological initiatives, Airtel has established a new managed services center in Pune with more than 300 professionals trained to specialise in Google Cloud technologies and digital services.

Gopal Vittal, MD & CEO of Bharti Airtel, highlighted the partnership's role in India's digital shift. "This collaboration with Google Cloud will help us deliver secure, scalable cloud solutions across various sectors," Vittal noted. 

Thomas Kurian, CEO of Google Cloud, emphasised the strategic importance of the partnership in enhancing Airtel’s customer service capabilities and expanding their services globally. Kurian said, “Our strategic collaboration with Airtel marks a significant milestone towards our commitment to accelerate cloud and AI adoption in India. Through this partnership, we aim to explore and build transformative solutions that can enhance Airtel’s customer experiences.”

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Create images with your words – Bing Image Creator comes to the new Bing

Mar 21, 2023 | Yusuf Mehdi - Corporate Vice President & Consumer Chief Marketing Officer

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Last month we introduced the new AI-powered Bing and Microsoft Edge, your copilot for the web – delivering better search, complete answers, a new chat experience and the ability to create content. Already, we have seen that chat is reinventing how people search with more than 100 million chats to date. We’ve seen people use chat in a variety of ways, from refining answers to complex questions to using it as a form of entertainment or for creative inspiration. Today we’re taking the chat experience to the next level by making the new Bing more visual.

We’re excited to announce we are bringing Bing Image Creator, new AI-powered visual Stories and updated Knowledge Cards to the new Bing and Edge preview. Powered by an advanced version of the DALL∙E model from our partners at OpenAI, Bing Image Creator allows you to create an image simply by using your own words to describe the picture you want to see. Now you can generate both written and visual content in one place, from within chat.

We know from research that the human brain processes visual information about 60,000 times faster than text , making visual tools a critical way people search, create and gain understanding. Based on Bing data, images are one of the most searched categories – second only to general web searches. Historically, search was limited to images that already existed on the web. Now, there are almost no limits to what you can search for and create.

For those in the Bing preview, Bing Image Creator will be fully integrated into the Bing chat experience, rolling out initially in Creative mode. By typing in a description of an image, providing additional context like location or activity, and choosing an art style, Image Creator will generate an image from your own imagination. It’s like your creative copilot. Just type something like “draw an image” or “create an image” as a prompt in chat to get creating a visual for a newsletter to friends or as inspiration for redecorating your living room.

Bing Image Creator preview will also be available in Microsoft Edge, making it the first and only browser with an integrated AI-powered image generator. To use Bing Image Creator in Edge, simply click the Bing Image Creator icon in the sidebar to create your image or invoke from Bing chat in Edge.

At Microsoft, our teams are guided by our Responsible AI principles and the Responsible AI Standard to help them develop and deploy AI systems responsibly. To curb the potential misuse of Image creator, we are working together with our partner OpenAI, who developed DALL∙E, to deliver an experience that encourages responsible use of Image Creator. We have ensured OpenAI’s safeguards, plus additional protections, have been incorporated into Image Creator. For example, we have put controls in place that aim to limit the generation of harmful or unsafe images. When our system detects that a potentially harmful image could be generated by a prompt, it blocks the prompt and warns the user. We also make it clear that Image Creator’s images are generated by AI, and we include a modified Bing icon in the bottom left corner of each image to help indicate that the image was created using Image Creator. We continue to work closely with OpenAI to build, test and review mitigations for our integrations.

Since making the new Bing available in preview, we have been testing it with people to get real-world feedback to learn and improve the experience. People used it in some ways we expected and others we didn’t. In this spirit of learning and continuing to build new capabilities responsibly, we’re rolling out Bing Image Creator in a phased approach by flighting with a set of preview users before expanding more broadly. We will initially only include Image Creator in the Creative mode of Bing chat and our intention is to make it available in Balanced and Precise mode over time. We are also working on some ongoing optimizations for how Image Creator works in multi-turn chats. We continue to believe the best way to bring these technologies to market is to test them carefully, in the open, where everyone can provide feedback.

New AI-Powered Visual Stories and Knowledge Cards

To support the growing demand for more visual search experiences, we are also making Stories and Knowledge Cards 2.0 available to all Bing users. Stories provide a more engaging way to search and interact with content, offering images and short videos. Also new to Bing users today, Knowledge Cards 2.0 is an AI-powered infographic-inspired experience that provides fun facts and key information at a glance. It’s been updated to include interactive, dynamic content like charts, graphs, timelines, visual stories and more. With these updates and more coming, our goal is to deliver more immersive experiences in Bing and Edge that make finding answers and exploring the web more interesting, useful and fun.

Availability

Bing Image Creator integrated into Bing chat will begin to roll out to Bing preview users on both desktop and mobile starting today. For those not in the new Bing preview, the preview experience of Image Creator is now available at bing.com/create for Bing users around the world in English. We will add more language support over time.

Bing Image Creator is also available in Microsoft Edge from the Image Creator icon in sidebar for both desktop and mobile starting today for Edge users around the world in English. We will also soon integrate Image Creator into Edge from the new Bing button in chat mode in the preview version of Edge.

If you’re not yet in the new Bing preview, you can sign up for the waitlist today. We’re adding more people every day. Thanks for your continued feedback and we look forward to sharing more updates soon.

Tags: AI , Bing , Bing Image Creator , Microsoft Edge , search

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