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Free vs Paid: Which Type of AI Software Is Right for Your Business?

Artificial Intelligence (AI) is changing the way businesses operate and compete. From chatbots to image recognition, AI software has become an essential tool in today’s digital age. However, with so many options available, it can be challenging to choose between free or paid AI software. In this article, we will explore the pros and cons of each type of software and help you decide which one is right for your business.

The Pros and Cons of Free AI Software

Free AI software can be appealing to businesses that are just starting out or have limited budgets. However, there are both advantages and disadvantages to using free AI software.

One of the benefits of free AI software is that it allows businesses to experiment with different tools without committing to a long-term contract or investment. This can be helpful when testing new ideas or technologies without risking significant financial losses.

On the other hand, free AI software might not provide all the features a business needs. Most free versions have limited functionality compared to paid versions. Also, free versions may not offer dedicated customer support services, leaving businesses without any assistance when encountering issues.

Another disadvantage of using free AI software is that it may not be as secure as paid versions. Free tools may contain vulnerabilities that could put sensitive data at risk. Additionally, some providers might use these tools as a way to gain access to user data for marketing purposes.

The Pros and Cons of Paid AI Software

Paid AI software offers a variety of benefits that might attract businesses looking for more comprehensive solutions or additional features.

One significant advantage of paid AI software is its robustness and scalability. Paid tools often come with additional features such as advanced analytics capabilities and custom integrations with existing systems that can help streamline workflow processes within an organization.

Moreover, paid versions usually offer better security features than the free ones since security threats are a major concern for businesses. Paid software providers invest heavily in security measures to protect their users’ sensitive data, which is especially important for businesses that deal with confidential information.

However, one of the main drawbacks of paid AI software is the cost. These tools can be quite expensive, especially for small businesses or startups with limited budgets. Additionally, some providers may require long-term contracts or high setup fees that can be challenging to manage.

How to Choose the Right AI Software

When choosing between free and paid AI software, it’s essential to consider several factors such as budget, business needs, and security requirements.

Firstly, it’s crucial to identify what features your business needs from an AI tool. If you’re looking for basic functionality such as chatbots or image recognition services, free versions might be sufficient. However, if you require more advanced features like predictive analytics or custom integrations with existing systems, paid versions are likely more suitable.

Secondly, consider your budget and whether you can afford to pay for a premium version of the software. If your business has limited funds but still requires some level of AI functionality, then free tools could be a good starting point.

Lastly, evaluate the security risks associated with each option. If your business deals with sensitive data such as customer information or financial data, then investing in a paid version may be worth it in the long run.

In conclusion, choosing between free and paid AI software depends on several factors unique to each business. While free versions offer flexibility and experimentation opportunities at no cost initially; they may not provide all of the necessary features or security measures required by larger enterprises. On the other hand; Paid versions often offer robustness and scalability along with better security features but can come at an expense that small businesses may not afford in their early stages. Ultimately; finding the right balance between budget and functionality should guide decision-making when selecting the appropriate AI software for any business.

This text was generated using a large language model, and select text has been reviewed and moderated for purposes such as readability.

AI Business Plan Generator

A better way to write business plans, find inspiration in these business plan examples, frequently asked questions, what is a business plan, what is the purpose of a business plan, what are the different types of business plans, what info should be included in a business plan, what is an executive summary in a business plan, how should a business plan start, how long does it take to write a business plan, what is a business plan generator, what information should i include in my prompt, how can i create a business plan using using grammarly's generative ai.

First, download Grammarly .
From your document, open Grammarly. This will launch our generative AI features.
Then, enter a prompt that includes key details about your business to ensure Grammarly has the context to generate a quality executive summary draft.

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Generate a business plan for small business

Simplify business planning for small business with AI.

AI-powered guidance for success.

Seamlessly navigate the planning process for small business.

Impress investors with professional plans.

Example of AI Business Plan Generator Results for small business

Small business business plan.

‍Our small business is focused on delivering quality products/services, exceptional customer experience, and fostering long-term relationships. With efficient operations, strategic marketing, and a customer-centric approach, we aim to establish a strong brand presence, generate sustainable growth, and contribute positively to the local community.

‍Our business plan encompasses a strategic roadmap, rooted in meticulous market research, operational excellence, and financial prudence. Through a customer-centric approach, continuous innovation, and efficient resource allocation, we aim to drive sustainable growth, enhance profitability, and build long-lasting relationships with our valued customers and stakeholders.

Unlock Success for your small business with our AI Business Plan Generator

A winning business plan generator should incorporate key aspects like market analysis, financial projections, and a clear value proposition. Our AI Business Plan Generator not only excels in these practices but also supports various business types, including real estate agent, gym, and food truck." Create a comprehensive plan effortlessly and set your business on the path to success.

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Can i trust the accuracy of the generated business plans, is the ai business plan generator user-friendly for non-technical users, can i customize the generated business plan to fit my specific needs, what is your refund policy, unleash the power of success with our ai business plan generator.

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What our 1 million+ users are saying about Simplified

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Easy to use & consistently quality AI writer!

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The Top 12 AI Business Plan Generators: A 2023 Guide

A Free Business Plan Template

Ajay Jagtap

19 Min Read

Let’s face it, drafting a business plan has never been a stroll in the park. Thanks to AI business plan generators, the process has become much easier and faster.

But, with only a few worthwhile options available, it’s challenging to find the right business plan generator that suits your requirements.

Don’t worry; we’ve got you covered. Here’s a list of the 12 best AI-based business plan generators to help you get started.

Sounds interesting? Let’s dive right in.

What is an AI Business Plan Generator?

AI business plan generator , in simple words, is software that uses AI algorithms to create a business plan based on user inputs.

Usually, these generators use natural language processing (NLP) algorithms to produce written content tailored to the specific needs of your business.

It’s a go-to solution for entrepreneurs and small business owners to build an investment-ready business plan without spending a fortune on expensive consultants.

Let’s take a closer look at these 12 AI-based business plan generators.

12 Best AI-based Business Plan Generators

1. upmetrics.

Upmetrics is the most efficient and reliable AI-powered business plan generator that helps new-age entrepreneurs create comprehensive business plans with its advanced AI capabilities.

With Upmetrics’ AI writing and financial forecasting assistant, creating a business plan is now easier than ever.

Upmetrics’ AI writing assistant helps you generate text, rewrite content, shorten or expand on it, and change the tone of it.

On the other hand, AI financial forecasting assistant makes accurate and realistic forecasting easier with revenue and expense stream suggestions .

The subscription includes 400+ fully customizable sample business plans , video tutorials, well-written documentation, and guides to ensure you are on the right track.

So, how does this Upmetrics AI assistant work?

Well, it’s pretty simple. Once you input text into a section of your plan using the Upmetrics business plan editor , you can choose the “ Write with AI ” option for AI assistance.

There’s a drop-down menu where you can choose from Auto Write, Auto Improve, shorten, expand, and Professional, persuasive, and academic tones to update your text.

For forecasting assistance, head over to the section you need help with, hit “ Forecast with AI ”, enter your business category, and get your suggestions.

You may similarly use the assistant for revenue streams, cost of sales, expenses, and personnel suggestions.

Here is an extended list of features that Upmetrics AI assistant can provide:

AI-powered text generation to write your business plan.
Content rewriting feature to polish or enhance content quality.
Content shortening option to briefly describe the context.
Expand upon your idea and introduce new concepts.
AI-powered assistant to help adjust the tone of your writing.
Check and correct grammatical errors and spelling mistakes.
AI-powered financial forecasting assistant for accurate projections.
AI-powered suggestions for revenue and expense streams.
Accurate & reliable information depending on prompted information.
Real-time updates and cloud storage, eliminating the risk of data loss.
Business resources, video tutorials, and guides to help get started.

Check out Upmetrics’ pricing plans:

Remember, only Upmetrics premium users can access the AI assistance feature. Refer to a pricing page for more information.

The most helpful feature was to make a business plan out of a simple idea. Thankful for all the tools provided, especially AI which did a great impact on my work .

Create winning Business Plans with our

AI Business Plan Generator

Plans starting from $7/month

2. Notion AI

As we all know, Notion is a productivity and note-taking app. It’s been around for a long time helping individuals and professionals create to-do lists, manage tasks & projects, and more.

Notion Labs Inc. has recently launched the all-new Notion AI which maximizes Notion’s existing capabilities with AI advancements.

Though it’s not a specifically developed AI business plan generator like Upmetrics, writing a business plan is one of many things you can do with Notion AI.

It can help you summarize text, offer key takeaways from your research, fix spelling & grammar, translate your text, edit tone & voice, and more.

Here’s a list of the pros and cons of Notion AI you should consider before purchasing.

Smart suggestions: Notion AI can provide intelligent suggestions based on user behavior.
Automation: It can help you automate various tasks reducing manual efforts.
Time-saving: Notion AI can produce content more quickly compared to human writers.
AI limitations: AI has its limitation, so it may not always provide accurate results.
Learning curve: understanding the platform with AI can be a steep learning curve.
Privacy concerns: Notion AI processes user data to personalize suggestions that may raise privacy concerns.

Check out the pricing plans for Notion AI. You may visit their pricing page for detailed information.

Copy AI is an AI-powered writing tool that uses NLP algorithms to turn your raw text into a persuasive copy. They cater to a wide range of users with 90+ tools and templates.

You can use Copy AI’s free business plan templates to write the initial draft of your business plan.

You may click here and log in to access the business plan template. Then, you’ll be prompted to fill out a few key details about your business.

This information may include details, such as business name, target market description, problems your business intends to solve, revenue model, etc.

Depending on your requirements, you may also select a friendly, persuasive, or professional tone for your content.

Pros and Cons

Here’s the list of pros and cons of using Copy AI you should consider before purchasing.

Ease of use: It has a simple and easy-to-use user interface.
Option to select specific tones: Users can select the specific tone for content. E.g., professional, friendly, etc.
Supports AIDA framework: Follows AIDA framework to create content tailored to the target audience.
Need lots of fact-checking: AI may sometimes produce incorrect information.
Highly random information: It may sometimes provide random information.
Generating long-form content can be frustrating: You may want to take one section at a time.

Copy AI has a free plan, but it only comes with 10 credits, so you will definitely need a subscription moving forward.

4. Grammarly

Grammarly, a renowned cloud-based typing assistant we’ve been using to correct spelling and grammatical errors, has recently launched its AI business plan-generating feature.

The tool is designed to help its users generate an executive summary for their business plan. Yes, it only helps auto-write an executive summary, not an entire plan. The feature is part of Grammarly’s AI-assisted writing suite.

Using this feature is quite the easy deal—answer a few questions about your business, competitors, marketing, and financial health, and it will generate an executive summary or a one-page plan for you.

Since Grammarly is not a professional business plan software , it lacks many necessary features for writing a business plan, such as a business plan editor, financial forecasting, pitch deck creator, and other advanced business planning tools and resources.

Refer to the pros and cons of using Grammarly for business planning for more information:

Grammarly is known for its writing and grammar quality.
Grammarly’s AI assistant can help with writing tone and style suggestions.
Grammarly has advanced data security for sensitive information.
Lacks financial forecasting and other necessary business planning features.
Grammarly doesn’t have an in-built business plan editor for customizations.
Pricing plans are pretty expensive compared to other tools in the market.

Grammarly’s business plan generator is a part of its writing suite, so there’s no dedicated plan for it. You may refer to Grammarly’s pricing plans here:

5. Beautiful AI

Beautiful AI is an AI-powered presentation software that helps individuals create exquisite business presentations in no time—with no design skills.

All you need to do is add text, and your content will transform into elegant presentation slides—no image resizing, no content placement, nothing. You may click here and log in to access the business plan template. Then, you’ll be prompted to fill out a few key details about your business. Here is why beautiful AI is a top pick for stunning presentations and business plans:

65+ smart slide templates with pre-designed slide galleries.
Brand consistency with custom presentation themes.
Hundreds of customizable starter templates.

The best part about Beautiful AI is you never need to start a presentation or business plan from scratch. Ask Designerbot about the type of presentation you need, and it will create a first draft.

Here’s the list of pros and cons of Beautiful AI you should consider before purchasing.

Ease of use: Anyone with less or no design skills can create presentations using Beautiful AI.
Hundreds of starter templates: The platform has 100+ starter templates to get started.
AI-powered designs: Beautiful AI uses Artificial Intelligence to suggest layouts, fonts, and themes.
Limited customization: AI-generated templates may not always suit your requirements.
Limited functionality: AI can create professional-looking documents but may lack advanced animation.
No free plan: Beautiful AI does not have a free plan, so you must pay for membership.

Beautiful AI doesn’t have a free plan, but a free trial is available. Check out its pricing plans.

6. 15MinutePlan

15MinutePlan.AI is an AI tool designed to create professional business plans for its users. To create a business plan using this tool, you have to fill out simple forms and select language, and you will have a business plan ready in 15 minutes.

Once the plan is ready, you may select the “Talk To Plan” feature to make the necessary changes to your plan. The GPT 3.5 and 4.0 powered AI takes over to make the required changes.

Although getting a business plan in 15 minutes sounds exciting, it may not be how you want it to be since AI is making the adjustments.

Choosing this tool may feel like a tough call due to its high pricing and limited market feedback. Feel free to revisit the list for reconsideration.

Have a look at the pros and cons of 15MinutePlan to learn more:

Easy to use business plan generator.
AI-powered suggestions and recommendations.
Users can customize the pricing plans.
Too expensive considering its feature offerings.
Doesn’t have an in-built business plan editor for customizations.
Limited free preview features to make judgments.

They don’t have a dedicated pricing page on their website. But, based on our research their premium plan starts from $99.

7. Wordkraft AI

Wordkraft is an AI-powered writing tool that helps users create well-written and optimized content while saving time, money, and resources.

It uses GPT-3, one of the most sophisticated autoregressive language models available in the market, to generate AI content.

You can use Wordkraft’s free business plan template to create the first draft of your business plan.

Then, you’ll be prompted to fill out a few key details about your business. This information may include details, such as business name, goals, strategies, products and services you offer, financial projections, etc.

It also has a few advanced options that include—language, tone of voice, creativity level, and the number of variants needed.

User-friendly Interface: Wordkraft has a user-friendly interface that is easy to use and navigate.
Advanced options: It has advanced options to change language, tone of voice, and creativity.
Time-saving: AI can produce content more quickly than human writers.
Limited creativity: While Wordkraft AI can save time, it may not be as creative as humans.

Wordkraft AI has a free plan but comes with a 1,000-word limit, so you will definitely need a subscription moving forward.

You may visit Beautiful AI’s pricing page for detailed information.

A Bit AI is a cloud-document collaboration document and management platform that helps users create, share, and track digital documents.

The AI-powered tool allows users to add images text videos, cloud, and music files to their documents.

You can use Bit AI’s free business plan template to get started. Key benefits of using Bit AI to create a business plan:

Furthermore, you can embed Bit documents onto any website; you can interact with these documents and see them in their entirety.

Here’s the list of pros and cons of Bit AI you should consider before purchasing.

Collaboration: You can collaborate with your team to work on your business plan.
Pre-designed templates: a range of pre-designed templates to help you get started.
Automation: Bit automatically automates redundant and repetitive tasks.
Limited customization: Customization in pre-designed templates is limited.
No writing assistance: While Bit can provide templates for your business plan, it doesn’t provide any writing assistance.
No offline access: Bit AI is a cloud-based platform, so you must have a reliable internet connection to access documents.

Check out the pricing plans for Bit AI. You may visit their pricing page for detailed information.

9. Simplified

Simplified is an AI platform that uses artificial intelligence to help users generate and publish content quickly.

It’s not primarily an AI business plan generator, but it provides AI business plan templates that can be used to draft a business plan.

Besides business plan writing assistance, Simplified specializes in generating instant copies, creating long-form content, and developing visually appealing images and videos.

Here’s the list of pros and cons of Simplified you should consider before purchasing.

Accessibility: the tool is easily accessible even for non-technical users.
Recommendations: Simplified offers some intelligent suggestions based on the information provided.
Time and cost efficiency: It can help you save both time and money when writing a business plan.
Lack of customization: This tool can be valuable for beginners but not for detailed business planning.
Data dependence: The results heavily rely on the data. A lack of data may result in low-quality responses.
Limited understanding: the tool may lack industry dynamics and market nuances.

Check out the pricing plans for Simplified AI. You may visit their pricing page for detailed information.

10. Writecream (ChatGenie)

Like Wordkraft and Copy AI, Writecream is an AI-powered writing assistant that uses NLP algorithms to generate text-based responses to your query.

You can use Writecream’s free business plan generator to write the initial draft of your business plan. You may log in and select ChatGenie from the dashboard to kickstart the writing process.

Apart from business plan writing, you can use ChatGenie to generate textual content like cold emails, long-form blog posts, marketing copies, and digital ads.

Let’s have a look at the pros and cons of using Writecream for business plan writing.

Collaboration: Team members and advisors can collaborate in real time with Writecream.
Cost-effective: Writing a business plan with Writecream is less expensive than hiring consultants.
Not for detailed business planning: this isn’t suitable for detailed business planning with long-term financial forecasting.

Check out the pricing plans for Writecream. You may visit their pricing page for detailed information.

11. Cookup AI

Cookup AI is an ongoing database of AI tools where people can create and submit ChatGPT prompts for others to use. The platform has many AI tools for various tasks including SEO, programming, social media marketing, blogging, business planning, and more.

While it can help you create a decent business plan, you must provide a detailed description of your business and other pertinent information.

Remember, just like ChatGPT, this tool will only help you write a business plan. You will still need a business plan software or designing tool to structure this information and create a business plan.

While CookUp is 100% free to use, it may not be an ideal choice for detailed business planning & financial forecasting.

Here’s a list of the pros and cons of Cookup AI you should consider before purchasing.

Accessibility: Easily accessible tool, even for non-technical users.
Free to use: Cookup AI is a 100% free-to-use AI tool.
Limited information: CookUp AI’s response to queries is relatively limited compared to tools like Upmetrics.
Limited customizations: This tool may not be an ideal option for comprehensive business planning.

12. ChatGPT—A Free Alternative

ChatGPT is the most efficient and reliable yet free AI chatbot online. It is an AI language model trained by OpenAI, using deep learning algorithms to generate human-like responses to text-based prompts.

Technically, ChatGPT is not a business plan generator, nor does it offer any business plan templates.

Still, it’s on the list because writing a business plan is one of many things; you can do using ChatGPT—that too for free.

We have created a detailed guide on using ChatGPT to write a business plan to help you get started.

While ChatGPT is entirely free to use, there is a $20 monthly fee for ChatGPT Plus.

You don’t have to go for a paid version; ChatGPT is just fine for you to get started. We have created a detailed guide on using ChatGPT to write a business plan to help you get started.

Learn more Use ChatGPT to write your business plan

Here’s the list of pros and cons of ChatGPT you should consider before purchasing.

Cost-effective solution: Writing a business plan with ChatGPT is more cost-effective than hiring expensive consultants.
Efficiency: ChatGPT can efficiently organize data, generate financial plans, develop marketing strategies, and more.
Limited context: It may have limited context about your business. You can train the model before prompting it to write.
Lack of empathy: An AI language model may lack emotional intelligence and compassion.

That’s it. That was the list of the 12 best AI business plan generators. Let’s discuss how to take the final call—choose a business plan generator.

How to Choose an AI Business Plan Generator Software?

Still, trying to figure out how to choose an AI business plan generator? You should consider a few crucial factors before making the final call.

Features: Understand your required features in an AI business plan generator. E.g., writing assistance, visual templates, etc. For instance, Copy.AI, Wordkraft, and ChatGPT may help you write content for your business plan, but they won’t offer the visual templates that BIT AI and Beautiful AI can.
Pricing: Look for AI-based business plan generators that offer the features you require at affordable prices.
Ease of use: Choose a tool that is easy to use and navigate for someone with basic knowledge of writing and editing.
Reviews and testimonials: Check review websites like Capterra and Trustpilot for reviews and testimonials about such tools.

That’s it for today. Keep these factors checked before choosing an AI business plan generator, and you will be alright.

In a nutshell, these AI-based business plan generators can create a foolproof business plan in a few hours that used to take days—maybe even weeks.

AI has its limitations, so make sure you don’t rely heavily on it. Therefore, combining AI and human expertise in a holistic approach to planning would be a smart move.

Pick one of these tools, create a business plan, and take your business to new heights.

Build your Business Plan Faster

with step-by-step Guidance & AI Assistance.

Frequently Asked Questions

Which ai can write a business plan.

There are only a few certain AI writing tools that can help you write a business plan. Here are some of the most trusted AI business plan writing assistants.

Wordkraft AI

What are the benefits of using AI-based business plan generators?

The benefits of using AI-based business plan generators are enormous. The following are just a few of the major ones.

Time saver: Using AI business plan generators, you can write a business plan in minutes, which would normally take a human several hours or days.
Cost-effective: Hiring an expert business plan writer or consultant can be expensive. AI business plan writing tools are the most cost-effective alternative for small business owners.
Access to Data: AI tools like ChatGPT can access various data sources, so conducting market research or finding valuable industry insights is way easier with Artificial Intelligence.

Some of the other benefits of using AI-based business plan generators may include increased efficiency, customization, and user friendliness.

How do AI business plan generators work?

AI Business plan generators usually use natural language processing (NLP) algorithms to generate text-based responses to prompts or instructions. Some of the most popular AI writing tools, such as Copy AI, Wordkraft AI, and Writesonic, use the GPT-3 module for AI writing.

Are there any free AI-based business plan generators available?

AI-based business plan generator tools like Copy AI and Wordkraft AI have free plans but with limited functionalities. If using these tools, you will definitely need a subscription moving forward.

However, you can use ChatGPT; it is free and the most reliable AI language model to help you write a business plan.

Can the AI business plan generator provide guidance on market research?

Yes, AI business plan generators like Upmetrics will soon be able to guide your market research to help you create a comprehensive and well-organized market research section.

Upmetrics is developing an AI business planning chatbot; you can ask it for feedback, suggestions, or guidance about your plan. Learn more about Upmetrics AI Assistant .

Is technical knowledge required to use an AI business plan generator?

No. If you are using an AI tool like Upmetrics, you don’t need any technical knowledge to be able to efficiently use the tool and create a detailed plan.

About the Author

Ajay is a SaaS writer and personal finance blogger who has been active in the space for over three years, writing about startups, business planning, budgeting, credit cards, and other topics related to personal finance. If not writing, he’s probably having a power nap. Read more

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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.

ChatGPT Prompts for Generating a business plan outline

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.

ChatGPT prompt for Generating executive summary

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.

ChatGPT Prompt for Performing a market analysis

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.

ChatGPT Prompt for Generating a sales and marketing strategy

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.

ChatGPT Prompt for Operations and management

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.

ChatGPT Prompt for Generating a financial plan

8. Conclusion

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

ChatGPT Prompt for Generating conclusion

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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Get a head start on website creation with AI

Create a custom website tailored to your business needs 10X faster with 10Web AI Website Builder!

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Business Plan Generator AI

Effortlessly generate business plans with AI. Your ultimate AI business plan generator. Use this to generate free business plans for all your business ideas using artificial intelligence.

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Frequently Asked Questions

What is a business plan generator.

A Business Plan Generator is a tool designed to help startups create a comprehensive business plan. It provides guidance and structure to help entrepreneurs develop a plan that outlines their business goals, strategies, and objectives.

How much does a Business Plan Generator cost?

The cost of a Business Plan Generator varies depending on the features and services offered. Some Business Plan Generators are free, while others may require a subscription or one-time fee.

What features does a Business Plan Generator offer?

A Business Plan Generator typically offers features such as financial projections, market analysis, and competitive analysis. It can also provide guidance on how to write a business plan, as well as templates and examples to help entrepreneurs get started.

What are the benefits of using a Business Plan Generator?

Using a Business Plan Generator can help startups save time and money by providing a comprehensive and organized plan. It can also help entrepreneurs identify potential risks and opportunities, as well as develop strategies to achieve their goals.

What is the best Business Plan Generator for startups?

The best Business Plan Generator for startups depends on the individual needs of the business. It is important to consider the features offered, as well as the cost and customer support available.

Business Plan Templates: How To Write & Examples

3 Examples of Business Plan Templates

Simple business plan template.

[name of business] is a new business that will provide [description of problem that the business solves].The business will solve this problem by [description of how the business will solve the problem].

The target market for this product or service is [description of target market for this product or service].The business plans to reach its target market by [explain how you plan to reach your target market and make money].

More : Use this free template to create your simple business plan in seconds

Business Plan For A Startup Template

[Company name] is a startup that is focused on solving [problem] in the [market].The executive team behind [company] is made up of [name], who has been working in the field of [field] for over 20 years.

The team has already begun to build the product, and it will be ready to launch in the next few months.The company has plans to raise $[amount] in funding, which will be used to scale the business and continue to develop new features.The company plans to focus on [market] first, then expand into other markets.

More : Use this free template to create your startup business plan in seconds

Business Plan For A Food Truck Template

Hi [Name/Bank],

My name is [name], and I'm the owner of [name of food truck]. I'm so excited to share with you my food truck business plan.My food truck, [name of food truck], is a mobile restaurant that sells [food truck menu]. We sell our fare at special events, festivals, and at catering gigs.

Our target market is people who are looking for healthy and delicious food that's not too expensive.I'm starting my food truck business because I want to share the joy of eating great food with everyone. I've been cooking for years, and I think that the world needs more tasty and healthy options for people who want to eat clean but don't want to sacrifice taste or quality.

We're going to promote our business by participating in local food truck festivals and getting the word out through social media and word of mouth.

We'll also offer coupons on our website and send out newsletters to our mailing list of loyal customers.In terms of financials, we estimate that we'll have expenses of $[number] in year one, which includes startup costs, with projected revenue of $[number].

More : Use this free template to create your food truck business plan in seconds

How to use Copy.ai’s business plan template

To access the business plan generator, click here . You’ll need to be logged in to see the template.

You’ll be directed to a page that prompts you to fill out the main points of your template:

Your business name
Describe the problem your business solves
Describe how your business will solve that problem
Target market description
Revenue model description

Try to be as descriptive as possible when filling out these points. The more details you add, the easier it will be for the free template tool to create your business plan format.

Let’s say you’re writing a business plan for a hair salon. Here’s how you might fill out each category:

Business name: Shear Charm Salon
Problem description: The closest hair salon to our location is a 20-mile drive that takes well over half an hour, even without heavy traffic.
Solution description: We will be a centrally-located destination for people and families of all ages, backgrounds, and styles to come for haircuts and other haircare services.
Target market description: Men, women, and children, from babies to older adults.
Revenue model description: We will offer services that include basic cuts, color, extensions, styles, and treatments, as well as a wide array of hair care products for retail sale.

Then, choose a tone. You can go with friendly, persuasive, and professional or something else, depending on what you’re going for.

If you submitted this information in our template, here’s the copy that the tool would generate:

If the options provided aren’t ideal, you can have the tool generate a few more examples.

From here, you may want to tweak the generated copy to personalize it even further. You can add more information about the services and products you’ll be offering or go into more detail about the business itself.

Whatever type of business you’re starting, a simple business plan should include certain parts that detail your operational plan and business model.

The 7 parts of a good business plan

Our business plan generator is a great jumping-off point, but you may decide that you want to organize the copy into sections. Headers can help readers scan the plan and quickly find the section or details they need. If you would like to add headers, consider organizing your business plan copy under these sections.

Executive summary

The executive summary is where you will compel the reader to see the value of your business. Include your mission statement. Express the purpose of your business plan—are you trying to secure funding? Are you making a plan for your team to have a go-to resource for business information?

Company description

Properly introduce your company in this section. Explain the history of your company, share details about what problem(s) your company is solving, and where you see your business going in the future.

Market analysis

Lay out your competitors as well as your target audience. How are you going to effectively corner the market with your product or service? Spell that out in this section, and be sure to do your research.

Organization

This section is all about the “how” of your business—its structure and how responsibilities are handled and by whom. Providing an organizational chart of your management team and company is always a helpful visual for the reader and your team. Include timelines for your planned goals.

The marketing plan section will describe how you plan to grow your business by attracting new customers. List the ways your marketing strategy will use social media to reach people in the area where your business is located, as well as any plans for marketing in local publications. Include a brand messaging document, so the reader knows where you stand, and conduct market research, so you can reach your target audience in the best way possible.

Goods and services

Let the reader know what product(s) you’re selling and its benefits to customers. Include any statistics about the demand for what you’re offering, the pricing of the goods, and a breakdown of the product, like how it works. You should also list plans for future products or expansions.

Financial projections

Lay out your financial plan by listing your expenditures and revenues. Be realistic about your finances and forecasts—don’t overextend projections and potentially set yourself up for failure if you don’t reach them. Shareholders want to see how you plan to make a profit, as well as how you plan to handle any financial setbacks. Be sure to include income statements, financial statements, and cash flow statements.

Reach for new heights for your business with Copy.ai’s business plan template

Whether you’re a startup or a new business, all business owners can use Copy.ai’s free business plan template to create a roadmap for success by telling the story of your business and where you plan to take it.

Frequently Asked Questions

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6 Best AI-Powered Business Plan Generators (August 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 lets you turn your business ideas, notes and research into actionable roadmaps and plans with a couple of clicks. Imagine taking all of the little notes you've jotted down about your business; Google docs saved; sheets created; Notion workspaces setup; then saying 'Okay Bizway, create a Marketing Plan for me based on what you know about my business'.

How it works?

Create a Biz project for your business idea (it can be a business idea you are still fleshing out, or an existing business you currently operate);
Bizway then guides you through filling a few details about your business model. Things like researching your target market, scoping out your product offer and more;
Now you're ready to generate business plans, in any area, based on your saved business model details. Ask Bizway to create a plan for 'Getting my first sale' or 'Build my website' and it will generate a clear list of actionable tasks for you to complete on your way to filling that objective;
You can even choose from a library of common business planning templates, so that you can streamline the business plan creation process, and get more fine-tuned answers for your plans.

Bizway, unlike some of the other tools on this list, was built in the era of ChatGPT--so it really was built from the ground up with an AI-first powered interface.

If you're just starting from a business idea, or want to speed up your next marketing campaign, product launch (or anything really), get Bizway to help you create your next plan in just a few clicks.

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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Business Plan Generator

Use writecream's a.i powered business plan generator.

Writecream’s AI-powered business plan generator simplifies the process of creating a professional-grade business plan.Try Now for free. No credit card required!

Free forever, upgrade as your business grows!

Start using the Business Plan Generator for free below

If you need help, please refer to the video tutorial above or the detailed step-by-step instructions enlisted below.

STEP 1- Login to your Writecream account & select ChatGenie

From the dashboard, select ChatGenie to get started.

STEP 2- Enter the following command

Generate Business Plan for a software company launching AI powered tools.

Generating Business plans with Writecream is easy, just enter the title of your business and other important details to get started!

STEP 3 - Click on the Generate button again (if required) 😃

If the generated Business Plan is not in line with your expectations, just click on the Generate button again and the AI will generate another Business Plan. Hit on the Generate button as many times as you want to generate different Business Plans🥳

Sample Of Business Plans Generated by ChatGenie

Introduction Our software company is dedicated to utilizing artificial intelligence (AI) to create reliable and efficient tools for businesses. Our vision is to help businesses remain competitive by providing them with cutting-edge technology to achieve their goals.

Executive Summary Our company aims to provide businesses with AI-powered tools that can help streamline their operations, saving time and money while improving accuracy and efficiency. Our software products will provide a seamless user experience, helping businesses achieve increased productivity and higher profitability.

Market Analysis Artificial intelligence has become an essential element in modern business operations. Many industries understand the value of AI-powered tools and are continuously investing in the technology. Our software aims to fill a gap within this market by providing businesses with streamlined, affordable, and user-friendly solutions.

Marketing and Sales Strategy Our marketing approach will focus on reaching out to businesses directly through social media, online advertising, and email campaigns. We will also partner with industry analysts, sales professionals, and trade shows to generate interest in our software products. We will work with our clients to ensure that our software products can integrate seamlessly with their existing technological infrastructure.

Product Development Our software products will undergo rigorous testing to ensure that they meet our strict quality control standards. We will continually upgrade and improve our software products to keep them innovative and in line with the ever-changing industry trends.

Management and Staffing We will leverage the expertise of experienced software developers and AI professionals to ensure our software tools are efficient, intelligent, responsive and user friendly. We will recruit top talent nationwide with experience in the technology industry, ensuring we have a team that is knowledgeable and capable of delivering excellent results.

Financial Projections We are projecting a five-year financial overview, anticipating rapid growth for our company. Our key revenue sources will be direct sales of our software products, software licensing fees, and service-based contracts. We project that after a slight initial loss, we will recoup our investment in year one and begin generating strong profits in year two, with a three-year goal of $10 million in annual revenue.

Conclusion Our software company’s AI-powered tools will revolutionize the way businesses operate, providing them with a reliable, efficient, and user-friendly solution for their workflow needs. We will continually strive to improve and enhance our software products, ensuring they are in line with the latest industry trends and advancements. We are confident that with our strategic marketing strategies and a team of skilled professionals, our business will grow rapidly and continue to be a major player in the technology industry.

Use Writecream’s ChatGenie To Generate Business Plans & Much More

Besides Business Plan, you can use the chatgenie to generate any kind of textual content, like stories, product descriptions, ads and more. Just tell the AI what you want, like you would to a human. Here’s a quick example: Generate a romantic story on how Jack meets Jennifer at a cruise. Try now for free. No credit card required.

75+ Languages

Language is not a barrier for content creation with Writecream. Choose from over 75 languages for text, image and audio outputs

You can click on the chat button to have a word with our support team. If you prefer email, drop us a line at [email protected] .

Yes, we have a bunch of them on our YouTube channel! We have videos for almost every feature and issue, and questions people may face.

Yes, you as a video marketer have the rights to the generated content. You are free to use it however you want.

Of course! Here is a 1,300+ word article written using Writecream: https://bit.ly/writecream-ai-blog

There is no one template. You need to tailor your summary to each individual profile with relevant keywords. We have various examples to give you the perfect Male Baby Name to give your baby.

Yes, we have multi-lingual support. Writecream supports over 75 languages. The complete list is given below. Multi-lingual support is available across all our tools, including long-form editor (A.I Article Writer), cold email icebreakers, social media icebreakers, image icebreakers, audio icebreakers, voice-over, and more. List of supported languages: Afrikaans, Albanian, Amharic, Arabic, Armenian, Azerbaijani, Bengali, Bosnian, Bulgarian, Chinese (Simplified), Catalan, Chinese (Traditional), Croatian, Czech, Danish, Dari, Dutch, English, Estonian, Finnish, French, French Canadian, Georgian, German, Greek, Gujarati, Haitian Creole, Hausa, Hebrew, Hindi, Hungarian, Icelandic, Indonesian, Italian, Japanese, Kannada, Kazakh, Korean, Latvian, Lithuanian, Macedonian, Malay, Malayalam, Maltese, Mongolian, Norwegian, Farsi (Persian), Pashto, Polish, Portuguese, Romanian, Russian, Serbian, Sinhala, Slovak, Slovenian, Somali, Spanish, Spanish Mexican, Swahili, Swedish, Filipino Tagalog, Tamil, Telugu, Thai, Turkish, Ukrainian, Urdu, Uzbek, Vietnamese, Welsh

Yes, the outputs are free of plagiarism. Our A.I.-powered Meta Description Generator generates a unique piece of SEO content with focus keyword and SEO keywords for every input to impact search engine optimization.

Yes! You can avail a no-questions-asked refund within 30 days after subscribing to one of our plans. Please use the chat option in the bottom right corner to raise a refund request or write to us at [email protected] .

No, a credit card isn’t required.

Most of the personalized icebreakers are good to go. But we recommend taking out a few minutes and taking a quick glance through the generated icebreakers.

Create content in minutes, not weeks.

Wait! Before you go...

Business Plan Template

Create a modern business plan around any new venture you would like to start., what is a business plan.

Business plans are documents that force you to think through all the moving parts of any new business. It helps to put your thoughts down and analyze the new venture. Often business plans are used for raising funds and getting buying from other stakeholders.

Why are Business Plans Important?

Business plans are an important way of analyzing any new business opportunity. It's easy to get excited about new ideas, but a well written business plan helps to flush out your ideas. It will provide you with the research and backup you need to convince others to approve it, invest in it or become future clients of yours.

What You Should Include in Business Plans?

Company Name
Created By / Date

Executive Summary: Describe the problem you are solving and ultimately the need for your target market. It's important to include market analysis to back up your points. Explain how your solution fits in to solve the problem you have identified.

Business Overview & Key Objectives: Your main goal with this section of your business plan is to explain why your business is in the right place at the right time.

Marketing Plan: Provide an overview of your market size, statistics, and penetration.

Competitive Analysis: Compare your competitors from features, customers, revenue, market penetration and future outlook.

Design & Development: In this section you'll want to show-off the core functionality of your product. Hone in on your core features and features your customers most appreciate. Be sure to include any new game-changing features you plan to add.

Operational Plan: This is your opportunity to provide brief bios of your core team, along with their experience. Point out experiences that translate over to your industry and their job function.

Financial Forecast: Include a cash flow forecast, initial investment, and timeline for profitability. This is your opportunity to showcase your current run-rate, cash flow and projections.

Appendix: If you have any additional charts or further details you want to reference, add them to your appendix section.

Key Benefits of Making Your Business Plan on Bit.ai

Bit is an collaborative interactive modern document platform that allows you to incorporate smart content inside of your documents. Businesses from across the globe are using Bit for fast beautiful documents.

Here are some of the main benefits of using Bit:

Collaborate in real-time
Interlink business plan documents
Create fully responsive documents
Create private business plan documents only visible to yourself or your team
Track engagement on shared business plan documents with investors, partners, etc.

How to Make Your Business Plan Interactive?

Recommended power links and files you can add to your Bit document business plan:

Google Sheets, OneDrive Excel, Airtable
PDFs, PowerPoint in Google Drive/OneDrive
YouTube, Vimeo
Draw.io, Lucidcharts
Sketchfab, Figma, Marvel

You Might Like These:

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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.

A man sits at a white desk and looks at the screen of an open laptop. Scattered elsewhere on the desk are a couple of potted plants, a cup of pencils and scissors, a tablet and smartphone, and a few stacks of papers. The man is wearing a dark blue plaid shirt over a purple T-shirt, and he has one hand held to his chin in thought.

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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COMMENTS

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What our 1 million+ users are saying about Simplified

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12 Best AI-based Business Plan Generators

So, how does this Upmetrics AI assistant work?

2. Notion AI

Pros and Cons

4. Grammarly

5. Beautiful AI

6. 15MinutePlan

7. Wordkraft AI

9. Simplified

10. Writecream (ChatGenie)

11. Cookup AI

12. ChatGPT—A Free Alternative

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1. Generating a business plan outline

2. Generating executive summary

3. Performing a market analysis

4. Competition analysis

5. Generating a sales and marketing strategy

6. Operations and management

7. Generating a financial plan

8. Conclusion

1. Edit and review the business plan

2. Make sure it is actionable