ai for writing a business plan

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Type your business idea below.

What Our Users Say

How it Works

Questionnaire

Respond to a series of targeted questions about your business goals and objectives.

AI Business Plan Generator

The engine analyzes your responses and generates a business plan tailored to your vision.

SBA Approved Business Plan

Receive a detailed, tailored business plan that aligns with your requirements. Ready for funding.

WHO BENEFITS FROM Plannit?

Aspiring Entrepreneurs

Analyze your ventures through extensive business plans aligned with your vision and goals.

Business Owners

Back your business with a solid plan that aligns with your vision and goals. Perfect for startups and small businesses.

Educational Institutions

Develop your business understanding and vocabulary by analyzing your business idea and creating a plan.

Startups Accelerators

Work alongside your founders as they build their plan to ensure they have a solid roadmap for growth and scalability.

Try Plannit AI For Free

Funding ready business plan, executive summary, company overview.

Problem Statement

Business Description

Mission Statement

Business Model

Products and Services

Additional Features

Revenue Model

Market Analysis

Target Market

Market Size and Segments

Unique Value Proposition

Risks and Mitigations

Identified Risks

Mitigation Strategies

Financial Overview

Income Statement

Marketing and Sales Plan

Focus On Your Vision

Language support.

Key Features & Benefits

Ai editing companion.

Modify and regenerate sections of your business plan using premade or custom prompts. Our AI will help you refine your plan to perfection.

Multi-User Collaboration

Invite team members with easy sharing to collaborate on your business plan in real-time. Communicate and make changes together. Collaborate with your partners in real-time as you perfect your plan.

Education Center

Immerse yourself in a rich library of articles, tools, templates, webinars and resources for continuous business and professional growth. Learn all about the key aspects of starting, running and growing a business.

Powered by Chat GPT

Our algorithms are powered the latest in AI technology to ensure the most accurate and relevant output. We use OpenAI's GPT 4 and 3.5 engines for the perfect blend of accuracy and speed.

Business Resources

We recommend a variety of useful tools and resurces that help sustain your growth. We only recommend the best in the business. Filter your needs and equip yourself with the best tools.

Your plan in your language. We offer a choice of over 150 worldwide languages to ensure the best fit for your business plan.

Financial Projections

Take an additional questionnaire about your financial trajectory and get a detailed financial projection + 3 year income statement for your business.

Tools and Templates

Plannit's comprehensive suite that accompany business planning. From pitch decks to financial models, we have you covered.

Plan Export

Download your business plan in an editable .docx format. Fully edit & share your plan with investors, partners, and stakeholders.

Privacy & Security

Rest assured, your privacy is our top priority, and we're committed to keeping your information safe and confidential.

PLANNIT BUSINESS ECOSYSTEM

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.

Take The First Step Towards Success

9 Best AI Business Plan Generators (June 2024)

Unite.AI is committed to rigorous editorial standards. We may receive compensation when you click on links to products we review. Please view our affiliate disclosure .

Table Of Contents

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 .

Read Review →

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

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

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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🤖 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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AI Business Plan Generator

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Why Bizplanr is the Best Business Plan Generator?

Ai assistance - a way to save time..

Craft comprehensive business plans with our AI generator. Input your ideas, and let the AI handle the structuring and drafting, saving you time and effort.

It's Free - Say no to costly business plan writers

Access expert-level plans for free. Our business plan generator provides tailored advice and structured formats without financial commitment.

It works for any industry

Whether you are validating an idea or launching a startup, our AI generator provides industry-specific advice in your planning process.

Get your business plan ready in 3 simple steps

Start with simple questions.

Start by answering a few simple, context-aware questions about your business & idea. Our AI uses your responses to tailor the planning process uniquely to your business needs.

AI Crafts Your Plan

As you provide details, our AI constructs a comprehensive business plan that integrates all necessary components, such as market analysis and financial projections.

Review, Download, and Share

Once your plan is ready, review it for any final changes. Once you're finished, easily share your professionally-designed business plan with stakeholders and investors.

Explore How Bizplanr Meets Various Business Planning Needs

Secure your funding.

Use our AI to develop a persuasive business plan tailored for banks, investors, or grants. Ensure that your plan stands out by clearly describing your financial needs and potential.

Validate Your Business Idea

Evaluate the viability of your business concept with a solid business plan. By assessing the feasibility, our plan helps you confirm your idea's marketability.

Launch Your Startup

Create a detailed business plan covering all operations and marketing aspects for startup success. Our tool helps you map out each step, from conception to market entry.

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10 Best AI Business Plan Generators (Free and Paid) in 2024

Written by: Olujinmi Oluwatoni

Artificial intelligence has undeniably taken the world by storm. Forward-thinking marketers and businesses are now eager to leverage its potential to drive business success.

A report by Constant Contact reveals that small and medium-sized businesses (SMBs) embracing AI are experiencing immediate benefits. About 91% of AI adopters find it contributes to their business success, with 60% noting saved time and increased efficiency.

One of the most intriguing AI applications today is the AI-powered business plan generator. These tools help organizations save time and streamline the creation and design of winning business plans.

However, with the abundance of AI tools on the market, choosing the best option that suits your business planning needs can be overwhelming.

Luckily, we've conducted thorough research to simplify your decision-making process. In this article, we will present the top 10 AI business plan generators in 2024, comparing their features, pros, cons and pricing to help you make an informed choice.

Table of Contents

• Beautiful.ai

Visme’s AI-Powered Tools

Visme's AI business plan generator is a robust tool that assists professionals in crafting impressive and professionally designed business plans effortlessly.

Visme isn't just an AI business plan maker. The tool provides users with both an AI writing tool and an actual AI document generator.

Just describe the type of business plan you want to generate. Also, provide more context, such as your brand voice, business plan sections and overall direction. Then, watch as the tool transforms it into a complete document.

Visme excels not only in content creation but also in enhancing the design aspects of your plans.  You can access an extensive collection of design templates, premium fonts, sophisticated color palettes, stock pictures, icons, tools for adding animations, videos, graphs and more.

These customization options allow you to infuse a personal touch into your business plans, making them engaging and memorable.

Apart from business plans , our document generator allows you to create various document types. You can generate AI business proposals , reports , newsletters, ebooks , whitepapers and more effortlessly.

Smooth Interface and Intuitive Editor

Visme stands out easily with its slick interface and foolproof editor. It allows you to effortlessly drag and drop design elements, rearrange, edit, download and share content with just a few clicks. You can add new text, customize fonts, colors, sizes and rearrange elements.

Visme’s shortcut feature lets you easily locate your desired feature while working on your designs. With the dynamic fields feature , you can effortlessly update content across your business plan.

Extensive Template Library

Visme has thousands of professionally designed templates to facilitate your business plan creation needs. Our template options are in diverse styles and cater to various preferences.

Simply select the templates that fit your needs, fill in your information, customize them to match your brand and share them with your investors or stakeholders.

Graphic Asset, Video and Audio Library

You can choose the right image that suits your business plan’s needs thanks to Visme's extensive library of icons, illustrations, 3D animated graphics , stock photos and videos .

Visme's library has over 4 million high-resolution images , audio and videos to spice up your projects.

AI-Powered Features/Tools

Apart from the business plan generator tool, Visme provides users with an additional array of AI-powered tools that inspire creativity and boost productivity.

Our AI text generator can assist you in generating texts or ideas for your business plan. It can even edit, proofread, shorten, lengthen, or change the tone of any text you’ve already created.

Struggling to find the right visuals for your business plan? Visme’s AI Image Generator has your back. Whether it's an image, painting, 3D graphic, pencil drawing, icon, or abstract art you're looking to create, this tool can create it in seconds.

You can also modify the appearance of your image with our AI touchup tool . You can remove or add objects to the picture, change backgrounds and even improve image quality.

Visme's Brand Wizard is another great feature that takes your business plan branding to a new level. Just input your URL and the website will generate your brand assets and add them to your branding kit. You'll also get custom templates and theme recommendations.

We’ll discuss other powerful AI solutions in the latter part of this article.

Vast Collection of Design Elements

Visme provides a comprehensive range of design elements to personalize the look and feel of your business plan. You can access thousands of fonts, colors, shapes, 2D/3D icons , characters, animated graphics and other design components to make your project visually appealing.

Interactivity and Animation

You can utilize Visme’s interactive features to create an interactive sales business plan or make your digital PDF more engaging.

Here are some ways to make your Visme plan more interactive with Visme:

• Embed audio, videos, links and other types of content.
• Create interactive elements like clickable menus, voiceovers, table of contents, etc.
• Add unique enter and exit transition effects, slide even set the timing for your slides.
• Include illustrative or animated 3D icons, gestures, special effects and even avatars.
• Add clickable links to additional resources. For example, you can add a link to a voiceover audio or video to add more context.
• Utilize interactive pop-ups, hover effects and hotspots to reveal additional information.
• Add the flipbook effect to your document to give it a page-turner feel.

Data Visualization Tools

Visme offers a robust set of data visualization tools , featuring over 20 charts, tables and graphs, complemented by 30+ data widgets to present business data concisely.

Another perk is that you can conveniently import data from applications such as Google Sheets or Excel into your charts. This eliminates the need for manual data input.

Seamless Collaboration with Team Members

With Visme's built-in collaboration tools , team members can easily work together to create or improve a business plan simultaneously. This feature allows team members to edit, provide feedback and discuss developments in real-time.

The Workflow feature also lets you assign tasks and due dates, enhancing team efficiency.

Third-Party Integration With Other Tools

You can connect other tools you use with Visme to ensure a smooth business plan creation process. Connect with apps like Google Analytics, TypeForm, Dropbox, Salesforce, etc to get the best out of both Visme and your tools.

Share, Publish And Download

After completing your business plan, sharing and publishing is a breeze. You can share it with your colleagues and prospects via a link or download it using any of these formats:

• Image: JPG and PNG
• Document: PDF & PDF with Bleed Marks
• Present Offline: PPTX and HTML5

Our AI business plan generator also effortlessly incorporates a flipbook effect into your business plan, providing a distinctive touch that will help you stand out.

Comprehensive Analytics

Use Visme’s analytics feature to get insights into how your audience engages and interacts with your business plan. You can track metrics such as views, unique visits and lots more.

Desktop or Cloud

Visme offers both an accessible online cloud-based application for your computer and a downloadable desktop app , ensuring seamless content creation even outside your web browser. For on-the-go needs, you can conveniently use the Visme iOS app on your mobile device or tablet.

• User-friendly editor with an intuitive interface
• Relevant AI-powered tools
• Ability to customize style, tone, language and various other elements
• Comprehensive library of business plan templates
• A design library offering a variety of graphic elements, including shapes, icons, avatars, 3D animations and special effects
• Robust collaboration feature to enhance team efficiency

Certain advanced and relevant features can only be enjoyed with a paid account.

Visme has a free plan that allows you to enjoy a plethora of features at no cost. Regardless, we still have paid plans for those who want to enjoy extensive features.

• Starter: $12.25/month, billed annually.
• Pro: $24.75/month, billed annually.
• Visme for Teams: Custom price.

2. Upmetrics

Upmetrics is a business software solution that equips entrepreneurs with essential tools for brand growth. Users can generate comprehensive business plans using Upmetrics. The tool also offers business plan templates, video tutorials and other reliable resources to simplify the process.

Upmetrics' AI Assistant tool further assists in creating, rewriting, editing, lengthening, summarizing and adjusting the tone of your business plans.

• Offers AI tools, including a text generator, rewriter, lengthener/shortener, editor and tone adjuster
• Enables real-time updates in content and offers cloud storage to prevent potential loss of edits or data
• The software offers a variety of pre-made business plan templates
•  Provides resources and tutorials to effectively guide users in creating a business plan
• Intuitive and easy-to-use user interface
• Supports real-time collaboration across teams
• Wide range of data visualization tools
• Customizable tone options
• Grammatical error checks
• Social sharing features are available
• Affordable pricing
• Limited design features and customization capabilities
• Provides limited guidance and resources

Upmetrics offers a free trial and three paid plans. The monthly billing plans include the following:

• Lite: $12/month
• Business: $35/month
• Agency: $54/month

Copy AI is another AI writing assistant that uses natural language processing algorithms to turn basic texts into persuasive copy. The platform offers business plan templates, allowing you create your plan without starting from scratch.

Log in, choose a template and input key details like your business name, addressed problems and target market. The tool will then auto-generate content for your business plan.

• Premade templates to help ease the stress of creating a business plan
• User-friendly interface with drag-and-drop functionality
• AI features to improve your content, tweak the tone to a more suitable one and suggest prompts to help you create better content
• Deploys NLP algorithms and the AIDA format to generate content
• Third-party integrations with apps like Hubspot, Zoom, SurveyMonkey and more
• The workflow is simple and intuitive
• Grammar Checker automatically checks and corrects grammar and spelling errors
• Content can be translated into 25 languages, including Spanish, Mandarin, German, English and more
• The rewriter tool assists in refining and restructuring your writing
• Lacks collaborative features
• Can’t generate long-form content
• Lacks design features and elements for customization
• Doesn’t have a brand kit
• The paid plans are pricey

CopyAI offers a free plan and 4 paid plans. The paid plans include:

• Pro plan: $49/month
• Team plan: $249/month
• Growth plan: $1,333/month
• Scale plan: $4,000/month

Taskade is a comprehensive tool for task management, project collaboration and documentation. It has an AI Generator that helps you create of diverse projects, including business plans. The business plan outline generator tool walks you through each step of the business plan creation process so you don't miss any critical component.

The AI requests you to fill in specific information and creates a standardized business plan structure unique to your business.  It also offers a variety of templates to jumpstart your business plan creation.

• AI automation tools, including an AI-powered chatbot, writing assistant and workflow creation
• Taskade offers customizable templates for common business plan use cases
• Real-time collaboration options, including a messaging chat bar
• Provides diverse ways to visualize and organize information, such as lists, boards, and mind maps
• Supports integrations with a vast number of third-party tools like Slack, Notion, Trello, Canva, etc.
• Offers multi-language translation, including Spanish, German, Japanese, Italian and Chinese
• Extremely user-friendly, ensuring a seamless and hassle-free experience for users
• Efficient in structuring plans
• Capable of automating workflows for future projects
• Provides cost-effective pricing choices
• Does not generate complete plans
• Lacks analytic features to track performance
• Limited customization options
• Lacks design features

Taskade has a free plan and the following paid plans:

• Starter: $8/month/3 users
• Plus: $16/month/5 users
• Pro: $39/month/10 users
• Business: $99/month/25 users
• Ultimate: $199/month/50 users
• Enterprise: Custom

5. Sincode AI

SinCode AI streamlines content creation by providing original writing, assisting in initial drafts, automating repetitive tasks and offering advanced document editing features. The AI Document Editor streamlines the process of creating and editing business plans.

SinCode AI also offers ample customization choices and a user-friendly design tool. Moreover, the tool presents a collection of more than 60 business tools, fostering productivity and efficiency while minimizing both time and cost.

• Advanced AI-powered writing tool (Maeve chat) for generating first drafts
• AI document editor designed to assist in creating and editing business plans
• Extensive customization options to customize your business plan
• User-friendly AI design tool to create compelling visuals for business plans
• Pre-built prompt library along with categories where you can make it easy with your work
• Extensive suite of business and marketing tools such as Product Description, Business & Product Names, email Generator, Sales Pitch, Business Model generators and lots more
• Easy-to-use and intuitive interface
• Generates high-quality content and images
• Robust data analysis capabilities
• Supports reading and writing content in about 26 languages
• No premade templates
• Lacks collaboration features

SinCode AI has two monthly subscription plans:

• Starter plan: $20/month

6. Grammarly

Grammarly is widely recognized for its grammar editing tool. The software also offers an AI business generator you can use to create an executive summary. However, it falls short in terms of the depth and customization required for a comprehensive plan.

• Prompt-based text generator and writer that lets you generate ideas, rewrite and change the tone or length of the text
• Provides AI-backed suggestions for your content
• Plagiarism checker to ensure that there is no direct copying of texts from other sources
• Robust plagiarism checker
• Editing feature for seamless content adjustment
• Lacks premade templates or design assets
• No document editor
• Limited integrations with third-party software

Grammarly has a free plan with other subscription-based plans. Its subscription plans are:

• Individual plan: $30/month
• Team plan: $15/month/user

7. Simplified

Simplified offers a comprehensive AI toolset for businesses of all sizes.

One of its standout features is the AI presentation maker, which empowers brands to streamline business planning. This tool provides ready-made templates and offers a structured outline for creating professional business plan presentations.

You can also access an array of tools on Simplified, including an AI image generator, AI presentation creator, AI writer, content rewriter and more.

• Premade templates to jumpstart business plan creation
• The AI-driven content rewriting function assists in content editing and enhancement
• Offers Team collaboration feature
• Video tutorials are available as in-app resources
• Image and video editing tools to help create and edit images and videos
• Branding tool for storing brand assets and using them for customization
• AI graphic design features for creating appealing visuals
• Publishing features enable you to share your content across various social media platforms
• Comprehensive knowledge base and accessible resources
• Offers smart suggestions
• Provides analytics features to track engagements
• The limited number of templates

Each of the tools in Simplified has varying plans and prices. But since this article focuses on business plan generators, let’s have a look at the pricing plans of its AI writer and Graphic design tool.

• The AI Writer Free: $0
• AI Writer Pro: $18/month per seat

Graphic Design

• Design Free: $0
• Design Pro: $9 per seat
• Design Business: $15/month for 5 seats

8. Beautiful.ai

Beautiful.ai is an AI presentation software that helps businesses generate visually attractive presentations. You can use it to create a business plan presentation using a wide range of appealing and customizable templates.

All you need to do is log in, fill out specific details about your business and templates will be reeled out for you to choose from.

• Over 100+ presentation templates and examples to choose from
• Customization feature to ensure brand consistency for every design
• Visual elements like fonts, themes, images, etc., create a beautifully designed template
• Data visualization features are also available to visualize data and present metrics
• Intuitive and user-friendly interface
• Analytics features to study viewers' behaviors
• Promotes collaboration with real-time editing and feedback features
• Offers branding features
• Limited design elements
• Restricted control over layout design
• No offline access or export choices

Beautiful.ai has 3 monthly subscription plans which are as follows:

• Basic: Free
• Pro plan: $15/month
• Team plan: $46/month per user
• Enterprise plan: Custom price

Probably the world’s most prominent chatbot, ChatGPT is a free AI tool that uses NLP and deep learning algorithms to create responses in a chat-like manner to text prompts.

While it's not a dedicated business plan generator, this software can serve as a valuable resource to help you create one at no cost. It won't autonomously generate a complete business plan, but it allows you to gather information for your business.

You can utilize prompts to generate ideas and a basic draft, section by section, contributing to a more comprehensive business plan.

• Human-like chat responses to prompts
• Advanced data analysis feature and browsing options
• Many third-party app integrations are available
• The interface offers easy navigation and usability
• Can be used to create an outline or a framework for a business plan
• Saves time and helps boost productivity
• It supports over 50 languages
• Lacks features to create a full business plan
• The information generated may be inaccurate
• Lacks premade templates and design features

Even though ChatGPT has a free plan, there is still a paid subscription to gain access to more features. This paid plan, Plus, goes for $20/month.

10. Cookup AI

Cookup AI offers a diverse range of AI tools tailored for various purposes, encompassing categories such as social media content, marketing, SEO, entertainment, education and more.

Among its offerings is the AI Business Plan Generator, a user-friendly tool designed to streamline the process of outlining business ideas and essential elements.

Based on your prompts, this tool generates a concise but not highly detailed business plan. You can leverage this skeletal plan as a foundation to develop a more comprehensive business plan for your brand.

• Simple and intuitive workflow
• Assists with financial projections, market analysis and competitive analysis
• Provides guidance on how to write a business plan
• Access to a wide range of AI tools such as product roadmap generator, product requirement doc generator, marketing strategy generator, market trend identification apps and lots more
• Free for users
• User-friendly and streamlined interface
• Suitable for startups and small businesses
• Lacks premade templates
• No integration with third-party apps
• Not suitable for complex business planning needs
• Lacks analytic features

Cookup AI is free for users.

We discussed Visme's business plan generator and a few AI-powered tools earlier. But Visme offers other AI tools for creating other types of content.

Visme’s AI document generator and AI report writer help you create visually appealing document designs that can be customized. Whether you're looking to craft an ebook, proposal, plan, or newsletter, Visme's free AI document generator has you covered.

Users also get an AI presentation maker suitable for various presentation needs. You can use it to create sales presentations , proposal presentations , pitch decks and more.

You can also customize every aspect of the document, add interactive elements and even present it in a FlipBook format . To use these AI tools, provide the AI chatbot with relevant prompts, share specifics about the content type, tone and style and then sit back and let the AI handle the rest.

Work Smarter with Visme’s AI Tools

There you have it! We've compiled a selection of the top AI business plan generator tools in this guide.

If you need an AI business plan generator that is both simple to use and feature-rich, Visme is your best bet. Visme is not just an alternative to other business plan AI generators; it's a step up.

Whether you're a novice or a professional, Visme provides a wide range of features to help bring your business plan visions to life.

With Visme, you gain access to a comprehensive suite of content creation and visual design tools, along with additional AI-driven solutions such as the Visme AI writer, AI image generator and AI image editor.

You can use Visme’s AI tools to create many other assets such as presentations, proposals, ebooks, newsletters, reports and more.

Sign up to start creating professional business plans with Visme.

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About the Author

Olujinmi is a Content writer for Visme who creates human-first SEO content. She loves helping businesses smash their ROI goals with strategic content development and optimization. When she’s not writing, you’ll find her composing songs.

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Client testimonials

What clients say about Their Business Plans

“What a great program. It really came up with so in-depth information and gives a great starting point. With just a few information inputs and some pictures this will be fantastic business plan. Very easy to use and very quick, it would have taken me hours to write something like this. Excellent!”

“This plan is well articulated, the fact that I can edit it makes BizPlanner to be much better than option, also the customer service interaction is worth an applaud.”

“I've spent many hours building a business plan for a proposal and your product will improve on the existing work. Next time I shall start with your plan and then tailor it to my needs which will save a lot of time!”

“At first, I thought this tool will be just like ChatGPT result. But then, it surprise me. The Information is very complete and almost 100% correct like how exactly my business work. I wonder how this is work considering the information that I provide is very little. The fact that I also can edit it directly through the web is very good. Bizplanner save my money and my time for sure. That would be so cool if there is also pre-template that I can choose for cover of the file, but beside that, I wish I knew this tool earlier.”

“Just used your bizplanner! Nice job! Great tool. Tons of value for $10.”

“This is just perfect.”

“Simplemente espectacular, felicidades.”

How it works

Four steps to Your Business Plan

Our AI Business Plan Generator efficiently creates a customized, professional business plan for you in less than 15 minutes.

Answer a brief questionnaire

Our ai crafts your plan, edit, format or regenerate, export as pdf/word, watch how to create a business plan in under 15 minutes.

Table of contents

Your Business Plan's Table of Contents

Upon generating your business plan, you will receive detailed sections covering everything from your Executive Summary to Financial Projections, providing a complete and insightful overview of your business strategy.

Functional Highlights

Discover the core functionalities of our service, from intuitive in-browser editing to flexible AI regeneration and convenient export options, all designed to streamline your business plan creation.

Examples & Templates

Business plan examples

Explore examples created with our AI Business Plan Generator. These are real outputs from our service, showcasing the depth and personalization achievable for your own plan. Click 'See more business plan templates' for additional examples.

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From the blog

New Features: Manual Save and AI Text Rewrite

At Bizplanner AI, we’re always listening to your feedback and looking for ways to improve our AI business plan generator. This month, we’re excited to announce two new features designed to enhance your user experience and give you more control over your business plans.

New Feature: Add Images to Your Business Plan

Great news for BizPlanner AI users! We've added a new feature that lets you insert images directly into your business plans using our easy-to-use Notion-like editor.

Components of a business plan

A well-crafted business plan is crucial not only for securing investment but also as a roadmap for the future of a company. It outlines strategies for growth, operations, and overcoming challenges, serving both new ventures aiming to enter the market and established businesses seeking expansion or innovation.

Introducing the Best AI Business Plan Generator Version 2.0

Since the release of our initial version, our team has been diligently working on developing BizPlanner AI Version 2. We are committed to enhancing your experience and providing the best tools to support your business planning needs.

AI that writes a business plan for you.

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Get your AI-generated business plan

Just answer a couple of questions about your business, and we'll generate a comprehensive business plan for you.

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Comprehensive business plan

Your AI business consultant

Use Chat to ask questions about your business, and create any kind of content you can imagine.

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Create any kind of content

Instantly generate everything - blog posts, social media posts, sales copy, and more - all in your tone and with your business in mind.

"As someone who was always daunted by the idea of drafting a business plan, Venturekit was a game-changer. The process was intuitive, and the generated plans exceeded all my expectations."

"The scalability and consistency of Venturekit's business plans have streamlined our expansion strategies. It's impressive how tailored and detailed each plan is, despite being AI-generated."

Frequently asked questions

AI Business Plan Generator

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.

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

Loved by forward-thinking entrepreneurs and business owners

The great USP here is the AI feature I used, where I can write my idea in simple terms, and I use AI to reformulate it in a more persuasive way where I saw the difference in the pitching level.

Abdelraouf Hammoud

Solutions Design Manager at DHL Supply Chain

Having complete control over our business plan has been instrumental in being able to raise funds from investors. Upmetrics is an invaluable product that keeps getting better.

Jason Lorje

Founder & CEO at Agmondo

The Upmetrics platform is perfect for someone looking to start a business and has a range of tools to assist with planning from financial forecasting to AI-assisted business plans. Strongly recommend.

Jarred Bouffier

BDM at Mandoe

Drafting impactful and clear business plans is not easy. Navigating complex spreadsheets , creating financial projections, and generating and publishing financial reports take up a lot of a founder's time.

Deepak Dhanak

Founder at DocuX

I created a fantastic business plan in 1/4 the time with much more professionalism than without Upmetrics. I especially liked the templates I could work from.

President at Ventures Lending Technologies

I loved the financial modeling capabilities of Upmetrics as they are exceptional and easy to use & understand. It simplifies the often complex process of creating financial projections and forecasts. Along with it, AI assistance worked wonders for me.

Vaibhav Kamble

Founder at CloudOptimo

Leverage the full power of the Al Business Plan Generator

Al-assistant to save time.

• Unlock rapid, automated plan drafting with our AI. Just input your business details and let our system handle the rest.

An affordable alternative

• Gain expert planning insights without the hefty price tag. No need to hire costly business plan writers.

Set yourself up for success

• Our platform not only crafts your plan but also equips you with tools for success. Access tools from financial forecast to strategy development.

Write your AI business plan

Start with the Basics

Start by providing basic information about your business. i.e. your business name, and your business model. This foundational data sets the stage for a tailored AI-driven planning process.

Answer tailor-made questions

Get your first draft, refine your plan, every sections you need to plan for your business.

Frequently Asked Questions

How does the ai business plan generator work, can i customize the business plan created by ai, is the upmetrics suitable for my industry, what makes upmetrics different from free templates or other tools for creating business plans.

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.

Discover more:

• Financial Forecasting Software
• Business Plan Builder
• AI Pitch Deck Generator
• Strategic Planning Tool
• Sample Business Plans
• Strategic Planning Templates

Finish your business plan faster with Upmetrics AI

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AI Business Plan Generator

Create comprehensive business plans with ai.

• Create a startup business plan: Develop a comprehensive business plan for your new startup, covering all key aspects of your business.
• Plan for business expansion: Generate a business plan that outlines your strategy for expanding your existing business into new markets or product lines.
• Prepare for investor meetings: Create a detailed business plan to share with potential investors, showcasing your business's potential and strategy for success.
• Develop a product launch plan: Craft a business plan for launching a new product, detailing your marketing strategy, financial projections, and more.

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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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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?

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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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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.

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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3 Min. Read

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How to Set and Use Milestones in Your Business Plan

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Business Plan Template: AI Generator with Examples

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A business plan is a document that outlines a company’s goals and how it plans to achieve them. It also includes information on the company’s finances, management team, and products or services.

A business plan is important because it helps entrepreneurs to:

• Clarify their business idea
• Set realistic goals
• Identify potential customers
• Understand the competition
• Set a budget -plan for future growth

Business Plan Template

A business plan template is a document that provides a framework for a business plan. It can be used to outline the business, its products or services, how it will earn money, leadership and management, and how it will be structured.

Benefits of using Business Plan Template:

The main benefit of using a business plan template is that it can help you to save time and money. A template can provide a pre-determined structure for your business plan, which can make the process of writing a business plan simpler and faster.

Saves time:

A lot of entrepreneurs spend hours, days, and even weeks creating their business plans from scratch. A template can help them save time by providing a structure to follow and pre-written content to fill in.

Avoids reinventing the wheel:

When you use a template, you’re using a proven format that has been successful for others. This means you can avoid making common mistakes, such as forgetting to include important information or using an incorrect structure.

Increases chances of success:

A well-written business plan can increase your chances of success by helping you to clarify your business idea, set realistic goals, and understand your customers and competition.

Helps you get funding:

A professional business plan can help you secure funding from investors or lenders. This is because investors and lenders will want to see a detailed plan that shows how your business will be successful.

Makes you more prepared:

By using a template, you’ll be forced to think about every aspect of your business, from your products or services to your marketing strategy and financial projections. This will make you more prepared for the challenges you’ll face as a business owner.

Business Plan Template Example:

Executive Summary

This is a template for a business plan. The business plan outlines the goals and objectives of the business, as well as the strategies and tactics that will be used to achieve them. It also includes financial projections and a marketing plan.

The business plan should be reviewed and updated regularly to ensure that it remains relevant and accurate.

Company Summary

[Name of company] is a [type of business] that will be based in [city], [state]. The company will be owned and operated by [name(s) of owner(s)].

[Name of company] will provide [type of product or service] to [target market].

[Name of company] is committed to providing high-quality products and services that meet the needs of our customers. We will strive to exceed our customers’ expectations and build long-term relationships.

Business Objectives

The following are the business objectives of [name of company]:

To become the leading provider of [type of product or service] in the [target market].

To achieve annual sales of $[amount] within [timeframe].

To achieve a net profit margin of [percentage] within [timeframe].

To create and maintain a positive corporate image.

To provide a positive work environment for our employees.

To be a good corporate citizen and contribute to the communities in which we operate.

Business Strategies

[Name of company] will achieve its objectives by pursuing the following strategies:

Offer a high-quality product or service at a competitive price.

Differentiate our products or services from those of our competitors.

Build strong relationships with our customers.

Develop a comprehensive marketing plan.

Expand our operations into new markets.

Maintain a lean and efficient organization.

Financial projections

[Name of company] projects the following financial results:

[Years 1-5 financial projections]

Marketing Plan

[Name of company]’s marketing plan includes the following elements:

Market research

Target markets

Positioning

Marketing mix

Promotional activities

[Name of company] will use a variety of marketing tools to reach its target markets, including advertising, public relations, direct marketing, and online marketing.

Management Team

[Name of company]’s management team is comprised of the following individuals:

[Name(s) of management team members]

[Brief description of each management team member’s qualifications]

Business plan structure

Here are a few key elements to consider:

• Executive summary: This is a brief overview of your business plan, and it should include your business’s goals, strategies, and a brief description of your products or services.
• Company description: This is a more detailed description of your business, including its history, ownership, and team.
• Products and services: This section should describe the products or services you offer, including their features and benefits.
• Market analysis: This is a research of your target market, including your customers’ needs and your competition.
• Sales and marketing: This section should detail your sales and marketing strategies, including how you plan to attract and retain customers.
• Financial projections: This is a detailed financial plan for your business, including your income and expenses, capital requirements, and financial goals.
• Implementation plan: This is a plan for how you will implement your business plan and achieve your goals. It should include milestones and a timeline.
• Exit strategy: This is a plan for how you will exit your business, whether it’s through selling it, taking it public, or passing it on to family members.

Frequently Asked Questions

What is a business plan.

A business plan is a written document that describes a business, its products or services, how it will earn money, leadership and management, and how it will be structured.

Why is a business plan important?

A business plan is important because it helps entrepreneurs to: 1. clarify their business idea 2. set realistic goals 3. identify potential customers 4. understand the competition 5. set a budget 6. plan for future growth

What is a business plan template?

What are the benefits of using a business plan template.

Some benefits of using a business plan template include: 1. Saving time 2. Avoiding mistakes 3. Increasing chances of success 4. Helping to get funding 5. Making you more prepared

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Updated on: June 29, 2023

World's Best AI Business Plan Generator

Fill out simple forms, select language, and get a business plan in under 15 minutes. Try It Out!

Who is this for?

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

Business owners and entrepreneurs looking for a bank loan

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

For anyone looking to make a business plan

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.

What customers say about us

Our ultimate goal is to make a product that you love, to do that we need feedback. So we try to talk to as many customers as we can

Mentioned In..

Language Support

At the end of the plan creation process you can choose to generate a plan in multiple languages including..

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

Edit and Save

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.

Our AI generated business plan template won't let you down

create a professional business plan in just 15 minutes with our AI business plan generator

8+ Best AI Business Plan Generator Tools You Should Try

Are you starting a business or looking to expand an existing one? But the thought of writing a business plan is not easy. Traditional business planning is often a time-consuming and overwhelming process. Thankfully, we’re in the age of artificial intelligence , and it’s here to help.

This post will explore the best AI business plan generator tools , saving entrepreneurs valuable time and resources while creating winning strategies.

Let’s get started!

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What is an AI Business Plan Generator?

An AI Business Plan Generator is an online business tool that uses artificial intelligence to help entrepreneurs and business owners create comprehensive business plans. It typically works by asking the user a series of questions about their business idea, target market, financial projections, and other key aspects. Based on the user’s input, the AI generator then creates a customized business plan, often including sections such as:

• Executive Summary: A brief overview of the business, its mission, and key goals.
• Company Description: Detailed information about the business, its history (if applicable), and its legal structure.
• Market Analysis: Research on the target market, industry trends, and competition.
• Marketing and Sales Strategy: Outline of how the business will reach and attract customers.
• Financial Projections: Forecasts of income, expenses, and profitability.

Why Should You Use an AI Business Plan Generator?

AI business plan generators offer a streamlined and efficient approach to crafting a comprehensive plan. Here’s why you should consider using one:

• Saves Time and Effort: AI eliminates the need for extensive manual research and writing, enabling you to generate a detailed plan in a fraction of the time.
• Provides Structure and Guidance: These tools offer templates and prompts that ensure your plan covers all essential aspects and adheres to industry standards.
• Offers Data-Driven Insights: AI analyzes market trends and competitor data, providing valuable insights to inform your strategy and decision-making.
• Enhances Accuracy and Consistency: AI minimizes errors and inconsistencies, ensuring a polished and professional final product.
• Ideal for Beginners: Even those with limited business planning experience can create a well-structured plan with AI assistance.

8+ Best AI Business Plan Generator Tools

PrometAI is an AI-powered platform designed to simplify and enhance the business planning process. It leverages artificial intelligence to help entrepreneurs, startups, and businesses create comprehensive, data-driven business plans and valuations.

Key Features:

• AI Business Plan Generator: Creates tailored business plans with industry-specific templates and guidance.
• Expert-Designed Valuation: Provides accurate financial valuations using various methodologies.
• Strategy Toolkit: Offers a range of strategic planning tools (SWOT, Porter’s Five Forces, etc.)
• Blueprint Structure: Guides users through a structured business plan creation process.
• Educational Resources: Offers insights and tips throughout the planning journey.
• Free Forever: Limited features, basic plan generation
• Paid Plans: Unlock advanced features, custom branding, more AI requests, etc.

Grammarly , primarily known for its grammar and writing assistance tools, has expanded its offerings to include an AI-powered business plan generator. While not as comprehensive as dedicated tools like PrometAI, it offers a helpful starting point for crafting a basic plan, particularly for those already familiar with Grammarly’s interface.

• AI-Powered Writing Assistance: Provides suggestions for improving clarity, conciseness, and overall writing quality.
• Basic Plan Structure: Offers a template and guidance for outlining the core components of a business plan.
• Integration with Grammarly’s Suite: Works seamlessly with Grammarly’s other tools for proofreading and editing.

Pricing: Free and the premium plan starts at $12

Visme is a versatile design platform that also offers a powerful AI business plan generator. It’s designed to help both novice and experienced entrepreneurs create comprehensive and visually appealing business plans quickly. The generator combines AI writing assistance with customizable templates and design tools, making it a comprehensive solution for building your plan.

• AI-Powered Writing: Suggests text and content for various sections of your business plan.
• Customizable Templates: Choose from a variety of professionally designed templates to match your brand.
• Design Flexibility: Customize colors, fonts, and layouts to create a unique plan.
• Financial Projections: Includes tools for financial forecasting and modeling.
• Collaboration: Allows team members to work together on the plan in real-time.
• Free Version: Offers basic AI generation and limited templates.
• Paid Plans (Starting at $12.25/month): Unlock additional templates, features, and design assets.

PlanPros is an AI-powered business plan software designed to streamline the plan creation process. It focuses on guiding you through each step, from defining your business idea to financial projections. The platform is known for its user-friendly interface and its ability to generate a detailed plan in a relatively short time.

• Step-by-Step Guidance: Walks you through each section of the plan with prompts and examples.
• Industry-Specific Templates: Offers templates tailored to various industries and business types.
• Financial Forecasting: Helps you create realistic financial projections and scenarios.
• Investor-Ready Plans: Produces professional-looking plans suitable for presenting to potential investors.
• Customer Support: Provides support and resources to assist you during the planning process.
• PlanPros offers a free trial to get started.
• Their paid plans start at $15 per month, with additional features available at higher tiers.

ChatGPT , developed by OpenAI, is a highly versatile AI language model. While not exclusively designed for business plan generation, its ability to understand and respond to prompts makes it a valuable tool for creating outlines, drafting sections, and refining content.

• Customizable Prompts: Users can guide the AI with detailed prompts to outline different sections of their plan.
• Idea Generation: ChatGPT can brainstorm potential business names, marketing strategies, or value propositions.
• Drafting Assistance: It can help write executive summaries, market analyses, and other sections.
• Editing and Refinement: The AI can improve the clarity and coherence of existing text.
• Free Version: Offers basic functionality for experimenting with the tool.
• ChatGPT Plus: Subscription-based plan (currently $20/month) provides priority access, faster response times, and access to the latest model updates.

Upmetrics is a dedicated business plan software designed to guide entrepreneurs through the planning process step-by-step. It offers templates, financial projections, and collaboration tools to streamline the creation of a professional-looking business plan.

• Guided Templates: Choose from a variety of industry-specific templates to structure your plan.
• Financial Forecasting: Upmetrics provides tools for creating detailed financial projections, including income statements, balance sheets, and cash flow statements.
• Collaboration: Work with team members and advisors in real-time on your plan.
• Export Options: Easily export your plan to PDF or Word format for sharing with investors or lenders.

Pricing: Upmetrics offers a free trial and several paid plans, starting at around $9 per month, with varying features and support levels.

Final Thoughts

AI business plan generators are transforming the way entrepreneurs launch and grow their businesses. They’re not just a time-saver; they’re a powerful tool that can equip you with the knowledge and insights to make smarter decisions. Whether you’re a seasoned business owner or a first-time entrepreneur, explore the world of AI business planning and unlock your full potential.

Read More: What Are the Best AI Apps for iPhone and Android?

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5 ways generative AI is helping Amazon Bedrock users work better and faster

Here’s how AWS customers are using generative AI to streamline tasks and make work more productive, and enjoyable.

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2. PartyRock can help you draft marketing emails in seconds, in different styles for different audiences

Amazon aims to provide free AI skills training to 2 million people by 2025 with its new ‘AI Ready’ commitment

Amazon’s AI Ready initiative comes as new AWS study finds strong demand for AI talent and the potential for workers with AI skills to earn up to 47% more in salaries.

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The Best AI Social Media Tools to Revolutionize Your Content

How can your brand make the most of AI social media tools?

Social media marketing is always evolving. And the more you dive into the world of content management, the more you realize the growing power of AI.

AI technology can be extremely useful in helping businesses and creatives to maintain their digital presence. Whilst it can be helpful for writing and publishing content, it can also analyze and optimize material that you're looking to post.

There are some key AI social media tools available for social media teams that can help you increase your engagement and successfully reach your target audience.

This article will look at the best AI social media tools available right now. Let's get to it.

AI and social media

The benefits of ai social media tools, the best ai tools for content creation, social media strategy with ai, ai-assisted social media management, maximizing audience engagement, optimization tools for social media, challenges and considerations, adapting to changing ai technologies.

Managing various social media platforms is increasingly challenging. Not only can it be time-consuming, but you need to ensure you're staying up-to-date with current trends. As a result, it’s important that content is consistent, has the right messaging, and is aligned with your brand image.

So how do AI social media tools help with this?

While AI integrations within the social media space aren't a new thing, new forms of generative AI can really shape a brand's online presence. Firstly, it makes the creation of content far more efficient. It can also assist in finding your target audience, as well as advising the best times to post. The combination of these factors can help boost your brand to new heights.

By implementing AI tools, your marketing plans can excel.

What’s more, once the AI understands your audience, it will then go on to predict the behavior of your users and start to recognize their preferences. This can take your data analytics to completely new heights when you're looking to maximize your brand’s profile.

Better yet, it doesn’t matter the size of your organization or what industry you're in – AI technology can cater for anything.

Before we look at the AI tools that are available for social media management, it's worth exploring the benefits these tools can provide.

By leveraging artificial intelligence and machine learning, this allows for intelligent automation when looking for audiences to target. Plus, the more data that that AI tools analyze, the more you can identify patterns to create detailed profiles and segments of your target audience.

These benefits aid:

• Content creation: With AI technology, instead of spending days producing content, you can do it in minutes. Plus, you can sometimes do this within the same platform where you do all of your current social media project management activity.
• Audience targeting: There's a more advanced AI technology that will create precise audience targeting, so that you can reach the type of customers that are most likely to engage with your brand.
• Automation: One of the most time-consuming aspects to content management is scheduling posts. By automating these commitments, you're free to focus on other aspects of your social strategy.

These advantages lead to more efficient processes, which save you time and allow you to put effort into other areas of your business.

The AI technologies influencing social media

When thinking about diving into the use of an AI social media tool, it's crucial to understand the technology behind it. There are a number of influential tools on social media that help you improve on content, performance, and enhance your online presence.

Here's the background tech that you might not be aware of:

• Machine Learning: This is a subset of AI that builds systems which help to improve on performance. In terms of social media posts and content creation, it enables you to stay ahead of the game with predicted trends, recommendations of how to improve content, and image classification.
• Natural Language Processing (NLP): NLP technology essentially allows AI to understand, interpret, and respond to human text and speech. It's frequently found in empowering chatbots, analyzing social sentiments, and extracting keywords.
• Natural Language Generation (NLG): NLG is the application of AI models to transform content so that it makes sense to humans. A subset of NLP, it uses text summarization to help you understand large volumes of information far quicker than digesting books or videos.

By mastering these AI technologies, you can successfully boost your online presence, improve engagement, and always be one step ahead of the competition.

AI tools can be used to create many different kinds of content for your social media platforms – such as high-quality visuals, automated content, and copy assistance.

As an agency, you might be working on a large-scale project that involves several different social media channels, for multiple clients, so you might turn to an AI tool that automatically generates bespoke visual content. This will not only save you time, but also allows for you to put energy into other areas.

Below are four types of AI content – and the tools that can help you create them.

1. AI-generated images and videos

Using AI tools when creating social media posts is rapidly becoming a key tool for social media teams, especially when producing bespoke visuals for different platforms.

The use of AI-generated imagery and videos can save you plenty of time, and you can continue to create high-quality visual material. Plus, it’s super cost effective.

These AI tools, such as Pixlr and Canva , allow advanced machine learning algorithms to create visuals that are not only unique, but that can also grab the attention of your audience in social campaigns.

The advantage of using these tools is that you can speed up your current processes for creating content, which gives you much more time to create impactful social media campaigns.

2. Automated content production

Automated content has the power to help organizations become more competitive amongst its rivals.

Modern day content production has seen an huge increase of automation in a business’ marketing processes.

The AI tools available in this space, such as Brandwatch's Iris integration with ChatGPT , makes content creation far more time-efficient, whilst keeping it highly marketable. The tool has features that create AI-generated and data-driven content, and through its automation it finds solutions to repetitive and time-consuming tasks.

3. Brandwatch Writing Assistant

Using Brandwatch's Iris Writing Assistant with a set of OpenAI-powered features means you can directly manage your social content and engagement together.

Iris Writing Assistant helps you with everything related to creating text: from social posts and ads to replies to customers’ messages. 

Iris can also make your drafts better by improving text, while also create social media posts from scratch based on your brand's personality.

You can do everything from automatically creating replies to customer inquiries based on a conversation’s context, to streamlining your social media workflows.

The time and effort that can be saved using a platform like Iris enables you to put a higher focus on a level of strategic planning that further grows your presence on social media.

4. AI for blogs and social posts

It's crucial when curating blog and social media posts that you're authentic in your messaging when establishing your online following and engaging with your audience.

Readers can spot disingenuous posts from a mile away, and they are less likely to interact with your marketing efforts if they sense inauthenticity.

The problem is, not everyone is an expert in writing blogs, Instagram posts captions, and other copy. But lukcly, there are AI tools that can provide features to help with this. All without overwhelming your content and making it look inauthentic.

These tools, like Grammarly and Hemingway Editor, are tailored to the demographic that you’re targeting. By doing this, you can improve the readability of what you're positing –whilst also generating new topic ideas.

It's possible to analyze a scheduled blog post or social media post and assess its overall structure, tone, and grammar. This ensures every bit of content meets the required professional level and you can make quick edits before publishing.

What’s more, there are tools like Crayon and MarketMuse that utilize AI in a way that will put you ahead of your competitors. They do this by analyzing your content and generating data patterns that help develop your own content strategy.

By utilizing AI-driven tools in your content creation process, you can streamline your social media messaging which, as a result, will improve results by boosting engagement.

Behind any good content is a solid social strategy. And the use of an AI tool can vastly improve your quality and efficiency within this process.

But firstly, you need to understand your audience. There are AI tools available that can critically analyze your audience, their behavior, and what their needs are, helping you to paint a better picture of who you're trying to target.

Once these tools understand your audience, they can further advise you on when to post your content based on how your users are currently engaging with your brand.

Let's look in detail about how to use AI when strategizing a social media marketing campaign.

Target audience analysis

Nailing audience engagement starts with proper analysis. AI tools can help by analyzing the behavior of your audience, while studying their preferences and responses – giving you a clearer picture of what content resonates with them the most.

AI tools help you understand:

• Popular subjects, trends, and user-generated content
• Your audience demographic (age, gender, location etc.)
• Patterns in their engagement and the times they are engaging

For your social media content strategy, these insights create invaluable insights into your audience. And, crucially, they enable you to build far more meaningful brand-to-consumer connections as you understand their needs and interests better.

AI-enhanced social media planning

Effective social media planning requires you to create and schedule content that aligns with what you're trying to achieve and that matches your strategic goals.

Whether you're part of an agency or brand, or you're an influencer, you'll always be under pressure to deliver consistent content. And that can be overwhelming.

But AI powered tools can help deliver on this holistic approach.

You can use AI-enhanced tools, such as Brandwatch, to streamline the planning process on social media. And these can assist you in generating content ideas, curating content, and when scheduling posts.

What are the benefits?

Of course, any AI tool needs to offer something to the user – especially if it costs. Some immediate benefits for your social media marketing efforts include:

• Content ideation: AI tools can analyze current trends, predict new ones, decipher useful keywords, provide an analysis of competitor content, and generate new ideas for your own strategy.
• Curation: There are AI-powered curation tools that will find bespoke content from different sources that ensure your platforms are up to date with relevant material, whilst also saving you time.
• Scheduling: Some algorithms have intelligent scheduling methods, and they will identify the best posting times and frequencies based on how your audience is currently engaging.

If you properly integrate AI tools into your strategic planning, you can gain invaluable insights, streamline your processes, and improve your engagement across channels.

Embracing the influence and power of AI can provide your brand with an optimized marketing strategy to helps you meet your goals. It's not about letting the artificial intelligence dictate your day-to-day tasks – AI features are there to be used to perfect your content marketing plans.

Social media management tools can help you improve consistency and productivity, while also keeping a historic track of your content. And once you start doing this, you can start to understand your audience better.

When you add AI into the mix, it becomes even easier, giving you a level of insight that humans can't achieve. Its technology can start to predict performance on posts before you even publish, which will put you one step ahead with very little work.

Below are some of the examples of how AI can assist you in elevating your brand with more professional and productive social media management.

1. Efficient post scheduling

The best AI social media management solutions make scheduling posts a walk in the park.

Tools look at past performance data, its patterns, and can then identify optimal posting times when user engagement is at its peak. You can get this for free when scheduling Facebook and Instagram posts on the Meta Business Suite.

Even better, top tools allows for you to create and schedule posts on different social media channels, which creates far more efficiency as a social media manager.

Social media management platform Followr has the following features:

• Automated posting: Handles your social media calendar with personalized, scheduled posts which are tailored for you.
• Predictive analytics: Cutting-edge data analysis to help you make informed decisions and stay ahead of the competition.
• Efficiency: Leveraging the latest AI technology to enhance your workflows.

2. Real-time monitoring and engagement

You can gain a greater level of insight into your social media channels by using the monitoring capability of an AI tool.

These tools can help you by scanning and analyzing all conversations and mentions of your brand, which enable you to stay on top of your user behavior.

What are the key features?

• Sentiment analysis: Looks at how your audience engages with your brand so you can respond appropriately.
• Alerts: Gives you real-time notifications for key events such as viral content or bad feedback.

These tools keep you in the know with your audience and allow you to sufficiently address their concerns where required.

3. AI-driven project management

It can be a daunting task managing social media channels when you're confronted with a high volume of tasks that require coordination. This is a particular issue if you have different social media posts spanning more than one social media platform.

Artificial intelligence can help you manage projects better, by:

• Streamlining content creation: Brainstorming unique ideas through AI-generated suggestions.
• Coordinating team efforts: Insightful AI-powered platforms like Brandwatch help you assign tasks, create deadlines, and deliver project updates across teams.
• Measuring performance: Gain valuable insights from data-driven reports that measure how effective your digital campaign has been.

Social media management becomes far more optimized by implementing AI-driven project management tools that produce successful results.

AI social media tools don't just create content, but they also ensure you're maximizing audience engagement. This level of oversight is invaluable for steering your overall social strategy from start to finish.

A lot of the focus around engagement centers on striking real, lasting connections with your audience. Here's how AI can help.

Creating meaningful connections

In order to enhance your audience engagement, it is fundamental to ensure you create a meaningful connection between your brand and users.

By understanding your audience’s preferences and behaviors, you can develop more tailored social media strategies to enhance your brand-to-consumer relationship.

Social media content creation ideas

The first thing AI can help with is the content ideation stage. Be on the ball with fresh and on-trend content that resonates with your audience.

Test different content formats in all forms of visuals – including images, text, and videos. This will help you find the right mix to match your audience's needs.

You can test this with:

• Finding user-generated content that involves your audience.
• Repurposing existing content to retain interest.
• Spotting timely topics or events, where you can weave your brand in where possible.

Use a content calendar

AI also helps with your content calendar, helping you to plan ahead better, include and track key dates, schedule events, and post consistently.

You can also track metrics such as engagement rates, link clicks, and shares to understand which kinds of content resonates with your audience.

There are AI tools that can be used to help collect and analyze this data to give you a higher understanding of your user behavior. Some key things to focus on include:

• Engagement rate: This is the percentage of your audience that interacted with your content.
• Click-through rate: The percentage of your audience clicking your content.
• Shares: How many times users have shared your content on the platform.

Meaningful connections

Once you've researched your content ideas and set up a calendar, it's time to look at curating meaningful social media content that can maximize your engagement.

AI can help you build these connections by acting as the middle man between you and your audience or customers. For example, this could come in the form of a chatbot that correctly filters complaints and queries into the right place.

Alternatively, you may need AI to help with content generation during a peak period where your brand mentions are skyrocketing.

Meaningful connections are usually the result of successful marketing campaigns and impressive customer-service operations. But they can also come out of the ether. Using an AI tool like Brandwatch allows you to listen in to social media conversations across the industry, assess audience sentiment towards your brand, and act upon the results.

How you can build these connections

If you want to build direct, meaningful connections to your customers, you could:

• Host giveaways or competitions on social media or across the wider press landscape.
• Collaborate with influencers or content creators.
• Prompt users to share their experiences with your brand.

Social media optimization tools help businesses improve their presence online and boost engagement across their channels. And AI has become a core part of this optimization effort, as organizations grapple with the scale of content required on social media platforms.

For things like analyzing data and analytics, it can be a tedious and time-consuming task. Below are some of the key points to enhancing your efficiency on social media and the AI tools available to do this.

Handling multiple channels

It can be overwhelming when managing content across multiple social media platforms. Especially if, for example, you're an agency working with multiple clients that have different needs. Being able to spin multiple plates at once isn't easy – but you can definitely use AI social media tools to help.

These tools can assist you in social media scheduling, so you can keep track of brand mentions and handle all your platforms in one place.

Examples of these tools:

• Brandwatch: Create and schedule posts in an instant with the help of AI and get real-time feedback across multiple channels.
• Hootsuite: Schedule posts for optimized times of day and transform content to fit on various social media platforms.
• Buffer: Stay on top of all social media posts and figure out which are connecting better with your audience with advanced algorithms.

By using these tools, you can see huge benefits which optimize your online presence across all your social channels, whilst also maintaining consistent messaging. 

Analytics and insight tools

Analysing data can take hours if you don't have AI to help optimize the process.

Using an AI tool, you can quickly assess crucial data about your users and how they engage with your content. Once gathered, you can use these insights to enhance your social media strategies on the various number of channels you use.

Analysts tools you can use:

• Google Analytics: Produces data around website traffic and will track your social media campaigns.
• Socialbakers: Provides insights into how your audience behave and also analyzes demographics. Drives growth through gaining a deeper understanding of the user.
• Brandwatch: Get real-time and historical reports on social media activity from across the industry. Zone in on your followers, your target audience, competitors, and everything in between.

Utilizing these tools will help you understand relevant trends and look at the most effective content that is tailored to your audience.

Customization with pre-made templates

Social media content creation never stops, so using AI tools to help establish templates is ideal for those who don't have the resources to keep up with the pace. Customization with pre-made templates enables you to maintain a consistent feel across your various social platforms.

Consistency is important because audiences love familiarity. A tool like Pixlr, for example, lets you create consistent templates that match your brand identity. You will become more recognizable as a brand and your audience are far more likely to continue engaging.

AI-driven tools can help this by:

• Creating templates for your channels.
• Offering pre-made layers with easy customization.
• Tailoring templates specific to your industry.

Crello is another great tool that will help you to find that bespoke and consistent design. Using such tools can save you time, resources, and make sure that your brand’s visuals are in line with the message you are trying to get across. As a result, this can enhance your reach and engagement across multiple platforms.

It's fundamental to be aware of any ethical implications that advanced technology can bring to digital marketing. The first thing to consider is a potential invasion of audience privacy. The more sophisticated that AI tools become, the most important it is to make sure that personal information is treated properly and only with consent.

Moreover, AI algorithms may inadvertently reinforce biases because of biased training data or incorrect algorithmic logic within a social media platform.

To alleviate this risk, you must critically calculate the data and algorithms that the AI tools use and make adjustments where needed.

With AI technologies becoming rapidly more sophisticated, this can present certain challenges when staying up-to-date with your digital marketing strategies.

There isn't any need to be afraid of AI and its increasing advances. For an effective, long-term relationship with AI social media tools, it's important to be flexible and adaptable.

How to implement this:

• Continuous learning: Remain informed about the latest updates and trends in AI technology.
• Agility: Don’t be daunted by the technological advancements that come to fruition. Embrace them and adapt your strategy as a result.
• Collaboration: Use a diverse team of experts, collaborate with them and ensure a deeper understanding of AI tools.

Fully mastering AI social media tools doesn’t come without challenges. However, they offer incredible benefits and are central to most social media marketing strategies these days.

As long as you are aware of the ethical implications and you actively adapt to the growing technology, you can thrive in the power of these tools and take your social media strategy to a whole new level.

Emily Smith

Content Marketing Manager

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Falcon.io is now part of Brandwatch. You're in the right place!

Existing customer? Log in to access your existing Falcon products and data via the login menu on the top right of the page. New customer? You'll find the former Falcon products under 'Social Media Management' if you go to 'Our Suite' in the navigation.

Paladin is now Influence. You're in the right place!

Brandwatch acquired Paladin in March 2022. It's now called Influence, which is part of Brandwatch's Social Media Management solution. Want to access your Paladin account? Use the login menu at the top right corner.

Introducing Apple Intelligence, the personal intelligence system that puts powerful generative models at the core of iPhone, iPad, and Mac

New Capabilities for Understanding and Creating Language

Image Playground Makes Communication and Self‑Expression Even More Fun

Genmoji Creation to Fit Any Moment

New Features in Photos Give Users More Control

Siri Enters a New Era

A New Standard for Privacy in AI

ChatGPT Gets Integrated Across Apple Platforms

Text of this article

June 10, 2024

PRESS RELEASE

Setting a new standard for privacy in AI, Apple Intelligence understands personal context to deliver intelligence that is helpful and relevant

CUPERTINO, CALIFORNIA Apple today introduced Apple Intelligence , the personal intelligence system for iPhone, iPad, and Mac that combines the power of generative models with personal context to deliver intelligence that’s incredibly useful and relevant. Apple Intelligence is deeply integrated into iOS 18, iPadOS 18, and macOS Sequoia. It harnesses the power of Apple silicon to understand and create language and images, take action across apps, and draw from personal context to simplify and accelerate everyday tasks. With Private Cloud Compute, Apple sets a new standard for privacy in AI, with the ability to flex and scale computational capacity between on-device processing and larger, server-based models that run on dedicated Apple silicon servers.

“We’re thrilled to introduce a new chapter in Apple innovation. Apple Intelligence will transform what users can do with our products — and what our products can do for our users,” said Tim Cook, Apple’s CEO. “Our unique approach combines generative AI with a user’s personal context to deliver truly helpful intelligence. And it can access that information in a completely private and secure way to help users do the things that matter most to them. This is AI as only Apple can deliver it, and we can’t wait for users to experience what it can do.”

Apple Intelligence unlocks new ways for users to enhance their writing and communicate more effectively. With brand-new systemwide Writing Tools built into iOS 18, iPadOS 18, and macOS Sequoia, users can rewrite, proofread, and summarize text nearly everywhere they write, including Mail, Notes, Pages, and third-party apps.

Whether tidying up class notes, ensuring a blog post reads just right, or making sure an email is perfectly crafted, Writing Tools help users feel more confident in their writing. With Rewrite, Apple Intelligence allows users to choose from different versions of what they have written, adjusting the tone to suit the audience and task at hand. From finessing a cover letter, to adding humor and creativity to a party invitation, Rewrite helps deliver the right words to meet the occasion. Proofread checks grammar, word choice, and sentence structure while also suggesting edits — along with explanations of the edits — that users can review or quickly accept. With Summarize, users can select text and have it recapped in the form of a digestible paragraph, bulleted key points, a table, or a list.

In Mail, staying on top of emails has never been easier. With Priority Messages, a new section at the top of the inbox shows the most urgent emails, like a same-day dinner invitation or boarding pass. Across a user’s inbox, instead of previewing the first few lines of each email, they can see summaries without needing to open a message. For long threads, users can view pertinent details with just a tap. Smart Reply provides suggestions for a quick response, and will identify questions in an email to ensure everything is answered.

Deep understanding of language also extends to Notifications. Priority Notifications appear at the top of the stack to surface what’s most important, and summaries help users scan long or stacked notifications to show key details right on the Lock Screen, such as when a group chat is particularly active. And to help users stay present in what they’re doing, Reduce Interruptions is a new Focus that surfaces only the notifications that might need immediate attention, like a text about an early pickup from daycare.

In the Notes and Phone apps, users can now record, transcribe, and summarize audio. When a recording is initiated while on a call, participants are automatically notified, and once the call ends, Apple Intelligence generates a summary to help recall key points.

Apple Intelligence powers exciting image creation capabilities to help users communicate and express themselves in new ways. With Image Playground, users can create fun images in seconds, choosing from three styles: Animation, Illustration, or Sketch. Image Playground is easy to use and built right into apps including Messages. It’s also available in a dedicated app, perfect for experimenting with different concepts and styles. All images are created on device, giving users the freedom to experiment with as many images as they want.

With Image Playground, users can choose from a range of concepts from categories like themes, costumes, accessories, and places; type a description to define an image; choose someone from their personal photo library to include in their image; and pick their favorite style.

With the Image Playground experience in Messages, users can quickly create fun images for their friends, and even see personalized suggested concepts related to their conversations. For example, if a user is messaging a group about going hiking, they’ll see suggested concepts related to their friends, their destination, and their activity, making image creation even faster and more relevant.

In Notes, users can access Image Playground through the new Image Wand in the Apple Pencil tool palette, making notes more visually engaging. Rough sketches can be turned into delightful images, and users can even select empty space to create an image using context from the surrounding area. Image Playground is also available in apps like Keynote, Freeform, and Pages, as well as in third-party apps that adopt the new Image Playground API.

Taking emoji to an entirely new level, users can create an original Genmoji to express themselves. By simply typing a description, their Genmoji appears, along with additional options. Users can even create Genmoji of friends and family based on their photos. Just like emoji, Genmoji can be added inline to messages, or shared as a sticker or reaction in a Tapback.

Searching for photos and videos becomes even more convenient with Apple Intelligence. Natural language can be used to search for specific photos, such as “Maya skateboarding in a tie-dye shirt,” or “Katie with stickers on her face.” Search in videos also becomes more powerful with the ability to find specific moments in clips so users can go right to the relevant segment. Additionally, the new Clean Up tool can identify and remove distracting objects in the background of a photo — without accidentally altering the subject.

With Memories, users can create the story they want to see by simply typing a description. Using language and image understanding, Apple Intelligence will pick out the best photos and videos based on the description, craft a storyline with chapters based on themes identified from the photos, and arrange them into a movie with its own narrative arc. Users will even get song suggestions to match their memory from Apple Music. As with all Apple Intelligence features, user photos and videos are kept private on device and are not shared with Apple or anyone else.

Powered by Apple Intelligence, Siri becomes more deeply integrated into the system experience. With richer language-understanding capabilities, Siri is more natural, more contextually relevant, and more personal, with the ability to simplify and accelerate everyday tasks. It can follow along if users stumble over words and maintain context from one request to the next. Additionally, users can type to Siri, and switch between text and voice to communicate with Siri in whatever way feels right for the moment. Siri also has a brand-new design with an elegant glowing light that wraps around the edge of the screen when Siri is active.

Siri can now give users device support everywhere they go, and answer thousands of questions about how to do something on iPhone, iPad, and Mac. Users can learn everything from how to schedule an email in the Mail app, to how to switch from Light to Dark Mode.

With onscreen awareness, Siri will be able to understand and take action with users’ content in more apps over time. For example, if a friend texts a user their new address in Messages, the receiver can say, “Add this address to his contact card.”

With Apple Intelligence, Siri will be able to take hundreds of new actions in and across Apple and third-party apps. For example, a user could say, “Bring up that article about cicadas from my Reading List,” or “Send the photos from the barbecue on Saturday to Malia,” and Siri will take care of it.

Siri will be able to deliver intelligence that’s tailored to the user and their on-device information. For example, a user can say, “Play that podcast that Jamie recommended,” and Siri will locate and play the episode, without the user having to remember whether it was mentioned in a text or an email. Or they could ask, “When is Mom’s flight landing?” and Siri will find the flight details and cross-reference them with real-time flight tracking to give an arrival time.

To be truly helpful, Apple Intelligence relies on understanding deep personal context while also protecting user privacy. A cornerstone of Apple Intelligence is on-device processing, and many of the models that power it run entirely on device. To run more complex requests that require more processing power, Private Cloud Compute extends the privacy and security of Apple devices into the cloud to unlock even more intelligence.

With Private Cloud Compute, Apple Intelligence can flex and scale its computational capacity and draw on larger, server-based models for more complex requests. These models run on servers powered by Apple silicon, providing a foundation that allows Apple to ensure that data is never retained or exposed.

Independent experts can inspect the code that runs on Apple silicon servers to verify privacy, and Private Cloud Compute cryptographically ensures that iPhone, iPad, and Mac do not talk to a server unless its software has been publicly logged for inspection. Apple Intelligence with Private Cloud Compute sets a new standard for privacy in AI, unlocking intelligence users can trust.

Apple is integrating ChatGPT access into experiences within iOS 18, iPadOS 18, and macOS Sequoia, allowing users to access its expertise — as well as its image- and document-understanding capabilities — without needing to jump between tools.

Siri can tap into ChatGPT’s expertise when helpful. Users are asked before any questions are sent to ChatGPT, along with any documents or photos, and Siri then presents the answer directly.

Additionally, ChatGPT will be available in Apple’s systemwide Writing Tools, which help users generate content for anything they are writing about. With Compose, users can also access ChatGPT image tools to generate images in a wide variety of styles to complement what they are writing.

Privacy protections are built in for users who access ChatGPT — their IP addresses are obscured, and OpenAI won’t store requests. ChatGPT’s data-use policies apply for users who choose to connect their account.

ChatGPT will come to iOS 18, iPadOS 18, and macOS Sequoia later this year, powered by GPT-4o. Users can access it for free without creating an account, and ChatGPT subscribers can connect their accounts and access paid features right from these experiences.

Availability

Apple Intelligence is free for users, and will be available in beta as part of iOS 18 , iPadOS 18 , and macOS Sequoia  this fall in U.S. English. Some features, software platforms, and additional languages will come over the course of the next year. Apple Intelligence will be available on iPhone 15 Pro, iPhone 15 Pro Max, and iPad and Mac with M1 and later, with Siri and device language set to U.S. English. For more information, visit apple.com/apple-intelligence .

Press Contacts

Cat Franklin

[email protected]

Jacqueline Roy

[email protected]

Apple Media Helpline

[email protected]

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Money blog: Big supermarket wants to rival Aldi and Lidl with 400 new convenience stores

Welcome to the Money blog, your place for personal finance and consumer news and advice. Let us know your thoughts on any of the topics we're covering using the comments box below.

Wednesday 26 June 2024 18:19, UK

• Morrisons to open hundreds more convenience stores
• Qatar Airways voted world's best airline this year - see where the others ranked
• Quorn to start blending meat into some products
• Popular energy supplier ranked worst for customer service - in big reversal from last year

Essential reads

• Cheap Eats:  Great British Menu legend outlines his top picks in North Yorkshire
• Women in Business : 'Her baby was choking' - How accident in cafe and £400 turned into a genius business idea that's about to go global
• Money Problem : 'I bought a new car but it's been back to dealership six times with same fault - what can I do?'
• Barcelona to ban all holiday apartment rentals by 2028
• Basically... Guarantors
• Best of the Money blog - an archive

Ask a question or make a comment

The supermarket has announced plans to open about 400 more of its Morrisons Daily convenience shops.

It is part of plans to take on discount retailers Aldi and Lidl, according to Retail Gazette . 

Morrisons said it wanted to increase its total number of smaller shops to 2,000 in 2025, although it has not yet given a list of locations. 

The supermarket has seen its like-for-like sales, excluding fuel and VAT, rise by 4.1% over the three months to 28 April. 

Chief executive Rami Baitieh said he was "pleased with the overall performance" of the business in the second quarter. 

Drivers are being warned this week's heatwave brings risks of an unexpected £180 bill. 

Car mechanics from Prestone said the hot weather could cause significant damage to windscreens - meaning you'll have to shell out for a replacement. 

"Slightly counterintuitively, it isn't the heat directly that causes damage, it is the fluctuation in temperature that could cause damage," they said. 

"When this happens to brittle materials such as glass, it can cause them to explode or crack; this is called thermal shock. To stop your windscreen from accumulating a lot of heat, avoid parking in direct sunlight. Consider parking under a tree, in a garage or other forms of shade."

Deliveroo shares have risen following reports US rival Doordash held takeover talks with the business. 

Doordash flagged an interest in taking over the UK's Deliveroo last month, but talks ended as the two sides couldn't agree on the value of the deal, according to Reuters news agency. 

The London-listed company's share price jumped by 6% to 136p this morning, although later eased to 3.7% higher. 

Deliveroo has seen its value fall by more than 50% since debuting on the stock market in March 2021. 

New details have been unveiled for Universal's first UK theme park - including plans for the attraction to be open 365 days a year.

Universal Destinations & Experiences - which is owned by Sky's parent company Comcast - has bought land near Bedford as it  plans to build  Europe's largest  theme park  with millions of visitors per year, as well as a 500-room hotel and dining area.

Read the full story here ...

The building society is the latest to slash rates, after HSBC yesterday and Barclays on Monday. 

It will be lowering two, three and five-year rates by up to 0.21% tomorrow. 

It follows a reduction in swap rates - which dictate how much it costs lenders to lend.

So what does this mean for the market more broadly? 

Here's what the experts told Newspage... 

Emma Jones, managing director at Whenthebanksaysno.co.uk: "They're falling like dominoes now. Things are suddenly looking considerably brighter for the property market as we enter the second half of the year. Enquiries are up sharply this week, which suggests the improved weather may also have lifted spirits and confidence."

David Stirling, independent financial advisor at Mint Mortgages and Protection: "We've not exactly hit the bargain basement for borrowers just yet but the competition for new business from the banks has definitely heated up this week. For some the Bank of England decision in August is very hotly anticipated and could hopefully lead to an incredibly busy autumn."

Dariusz Karpowicz, director at Albion Financial Advice: "While these minor decreases are certainly a step in the right direction, the average rate for a two or five-year fix remains high. It's good to see rates moving down, but let's not get carried away. There are still too many unknowns on the horizon. The upcoming election, fluctuating house prices and geopolitical uncertainties all add layers of complexity to the market."

No one could have failed to notice the rocketing price of olive oil over the last couple of years - and it's been just as bad in Spain, where it is an integral part of the Mediterranean diet. 

The Spanish government has now said it will temporarily ditch the sales tax on olive oil to help consumers cope. 

Spain is the world's leading producer and exporter of olive oil, and last year Spanish households consumed an average of six litres per person. 

However, the country's agriculture ministry says prices have surged by 272% since September 2020. 

The Money team wrote this piece in March about why that's happening... 

The Spanish government had already cut the sales tax on olive oil from 10% to 5% as part of an anti-inflation package.

Now they've said no sales tax will be applied from July until September, when it will be taxed at 2% until the end of the year. 

From then on, it will be taxed at 4%. 

Spanish treasury minister Maria Jesus Montero said the decision reflects "the importance of olive oil in the Mediterranean diet and a healthy lifestyle". 

The "Oscars of the aviation industry" has taken place and Qatar Airways has come out on top. 

Qatar Airways was named the overall winner, as well as first in the business class, business class lounge and Middle East categories, at Skytrax's World Airline Awards last night. 

It's the eighth time it has been awarded the best in class. 

Last year's winner, Singapore Airlines, came second, followed by Emirates, ANA All Nippon Airways and Cathay Pacific. 

British Airways was the highest-ranking UK airline in 13th place.

Europe's best airline was named as Turkish Airlines, while the continent's top low-cost airline was Spanish company Volotea. 

The rankings are based on airline passenger satisfaction surveys across more than 100 countries between September 2023 and May 2024. 

Other notable names to make the top 100 were: Ryanair (63), easyJet (66), Jet2.com (68) and Tui Airways (83).

These are the airlines that made the top 20: 

1. Qatar Airways 2. Singapore Airlines 3. Emirates 4. ANA All Nippon Airways 5. Cathay Pacific Airways 6. Japan Airlines 7. Turkish Airlines 8. EVA Air 9. Air France 10. Swiss International Air Lines 11. Korean Air 12. Hainan Airlines 13. British Airways 14. Fiji Airways 15. Iberia 16. Vistara 17. Virgin Atlantic 18. Lufthansa 19. Etihad Airways 20. Saudi Arabian Airlines. 

By James Sillars , business reporter

Two issues are dominating the behaviour of investors at the moment: US inflation and the snap parliamentary election in France.

Uncertainty over the two has been driving a topsy-turvy performance on stock markets as any scrap of evidence over the potential timing of a US interest rate cut is seized upon.

A sticky inflation picture across the pond – as we have witnessed here – has pushed back Federal Reserve and therefore market expectations for a reduction in borrowing costs.

The next big number awaited is the latest personal consumption expenditures price index, a closely watched inflation indicator at the US central bank.

A weaker than expected number could see a boost for shares globally after a volatile few weeks.

Following a 0.4% decline yesterday, the FTSE 100 opened 0.4% up at 8,285. 

Among the wider shares doing well were those of AO World, up more than 3%.

The online electricals retailer raised growth targets for its current financial year after profits over the 12 months to the end of March beat market expectations.

The pound and dollar have benefitted amid struggles for the euro over the past couple of weeks.

Much of that has been down to election speculation in France where Marine Le Pen's National Rally (RN) is leading first-round polling.

The election was called by President Emmanuel Macron after RN's strong gains in the recent European elections, sparking a renewed market focus on the French economy and the potential knock-on effects for the euro area.

France has a debt to GDP ratio of 110%, meaning its debt is more than the value of its annual output.

There is a budget deficit of 5%. EU rules allow for just 3%.

The market's worry, according to analysts, is that if the far-right RN were to win big in the first round, then voters may take a tactical turn to the left in the second.

It is a concern for France and the wider euro, they said, because a left-wing alliance influence in government would seek even greater public spending commitments than RN has made.

French government borrowing costs have soared since the election announcement.

Earlier this month, the risk premium France pays for its debt on top of Germany's neared levels last seen in 2012.

Quorn has been known for decades as a producer of meat-free alternatives - but in a new venture, it will be blending actual pork sausages with fake meat. 

The company has said it wants to reach consumers who are cutting down on their meat consumption but who are not going entirely vegetarian or vegan, according to a report in The Grocer . 

The new products include burgers and sausages, and will contain Quorn's mycoprotein blended with meat. 

They will be available by the end of the year within the NHS and from some food service operators. 

Marco Bertacca, Quorn's chief executive, told the publication that appealing to meat eaters "represents the majority of people, and so it is a massive opportunity to decarbonise part of the food system and improve public health".

"Once upon a time we were effectively competing with the meat industry – only making products that were alternatives to theirs, and encouraging people to switch," he said.

"There have been attempts in the past to make products like burgers and sausages with a blend of meat and plant-based ingredients like soya and pea protein, but the products have not delivered for consumers."

It told Sky News that it is still in the development stages of its catering partnerships but it has had "fantastic" feedback on the quality of the products and impact on sustainability targets so far. 

Livestock farming accounts for about 15% of global greenhouse emissions, according to FAO data. 

Every Wednesday we ask Michelin chefs to pick their favourite Cheap Eats where they live and when they cook at home. This week we speak to the highly celebrated Shaun Rankin from Michelin-starred Shaun Rankin at Grantley Hall - who won the Great British Menu dessert course in 2009.

Hi Shaun , c an you tell us your favourite places in North Yorkshire  where you can get a meal for two for less than £40?

North Yorkshire is bountiful in its selection of brilliant places to dine and we're incredibly lucky to have so many eateries on our doorstep.

My first recommendation would be the Blue Lion , a traditional country pub nestled within the picture-perfect village of East Witton in the Yorkshire Dales. Enjoy a scenic walk through the surrounding countryside before stopping off for lunch – their light lunch menu includes personal favourites such as croque madame with a rocket salad and Black Sheep-battered fish and chips.

If you're heading in to explore the characterful charm of Ripon, a trip to Oliver's Pantry is a must. They do great coffee alongside a delicious all-day brunch, an array of sweet treats and their seasonal lunch menu packed with fresh homemade dishes.

What's your go-to cheap meal at home?

Chicken pesto pasta with mushrooms and broccoli - a delicious, easy dish to prepare and packed with nutrients.

My tip for this dish is to buy a whole chicken and roast it whole – it's so much more cost-effective than buying chicken breast or thigh, and you can enjoy several meals from just the one bird. With the leftovers I'll prepare a simple soup by making a chicken stock from the carcass, or perhaps a comforting bowl of chicken egg fried rice with the meat, so nothing is wasted. 

We've spoken to lots of top chefs and bloggers - check out their cheap eats from around the country here...

Those looking to drive to polling stations can park for free this general election.

JustPark are offering drivers 30 minutes of free parking near polling stations on 4 July.

They will need to pre-book online or via the JustPark app, however. 

"We believe that everyone should have the opportunity to vote, but know that on the day it isn't always that straightforward," Mary Corrie, managing director of Just Park UK, said.

"By offering free parking on election day, we hope to make it easier for all voters, especially those with mobility issues or who are short on time, to find a place to park near their polling station. 

"This is the second time we have offered this service, following its great success in the 2019 election, and we are confident it will help to get people to the polls once again."

EDF and Utilita have been ranked the worst suppliers for customer service, as ratings across the industry reached their lowest point, according to Citizens Advice .

One of the highest-scoring suppliers this time last year, EDF fell to the very bottom of the table after its average call waiting times jumped from just under a minute to more than five minutes.

Average customer ratings between January and March for all firms fell by 10.5% compared with the same period in 2021.

"Citizens Advice has long called for Ofgem to be given stronger powers to hold suppliers to account on customer service. That must include tackling the complaints backlog before next winter," said Citizens Advice chief executive Dame Clare Moriarty.

At the bottom of the table, both Utilita and EDF scored 2.1 out of five stars, followed closely by British Gas on 2.4.

Dale Vince's Ecotricity topped the rankings with 3.8, followed by Outfox the Market and Ovo Energy, both scoring 3.3.

Among the other big suppliers, E.ON Next scored 3.0, Scottish Power 2.9 and Octopus 2.5.

An EDF spokeswoman said: "We recognise our call answer times haven't been up to the high standards we set ourselves and we're committed to doing better."

The company has recruited and trained more people at its Sunderland, Brighton and Exeter offices, she said.

She added EDF were nearing the end of a "complex transfer of our residential customers to a new IT system, resulting in more customers getting in touch as we navigate this process".

Utilita said: "We must not underestimate how savvy consumers are today. They will realise the star rating contradicts other market-wide supplier assessments – including those of Ofgem, Trustpilot and Which? – where Utilita performs consistently well.

"As such, we look forward to ongoing dialogue to close the gap between the perception the Citizens Advice star rating gives, and the reality other rankings provide."

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