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The Top 10 AI Business Plan Generators: A 2024 Guide

A Free Business Plan Template

Ajay Jagtap

• January 3, 2024

16 Min Read

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

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

Don’t worry; we’ve got you covered. Here’s a list of the 10 best AI-based business plan generators to help you get started.

Sounds interesting? Let’s dive right in.

What is an AI Business Plan Generator?

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

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

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

Let’s take a closer look at these 10 AI-based business plan generators.

10 Best AI-based Business Plan Generators

1. upmetrics.

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

With Upmetrics AI Assistant , writing a business plan is now easier than ever.

It can help you generate text, rewrite content, shorten or expand on it, and it also allows you to change its tone.

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

So, how does this Upmetrics AI assistant work?

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

Or you can simply auto-write the entire text by promoting what you want to include in that section.

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

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

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

Check out Upmetrics’ pricing plans:

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

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

Create visually appealing business plans with our

Plans starting from $7/month

2. Notion AI

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

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

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

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

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

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

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

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

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

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

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

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

Pros and Cons

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

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

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

4. Beautiful AI

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

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

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

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

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

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

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

5. Wordkraft AI

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

7. Simplified

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

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

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

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

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

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

8. Writecream (ChatGenie)

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

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

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

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

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

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

9. Cookup AI

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

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

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

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

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

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

10. ChatGPT—A Free Alternative

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

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

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

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

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

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

Learn more Use ChatGPT to write your business plan

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

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

That’s it. That was the list of the 10 best AI business plan generators. Let’s discuss how to take the final call—choose a business plan generator.

How to Choose an AI Business Plan Generator Software?

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

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

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

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

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

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

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• Overview of Different Types of Business Plans
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• Books to Guide You in Writing a Business Plan
• Step-by-step Guide on Writing a Business Plan
• Constructing a Management Section in Your Business Plan
• Effective Ways to Conduct Market Analysis
• Detailing Your Products and Services in Your Business Plan
• Crafting a Thorough Business Plan Outline
• Designing an Appealing Business Plan Cover Page
• Including a Confidentiality Statement in Your Business Plan
• Free Startup Business Plan Template

Frequently Asked Questions

Which ai can write a business plan.

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

• Wordkraft AI

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

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

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

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

How do AI business plan generators work?

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

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

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

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

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

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

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

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

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

About the Author

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

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

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

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

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

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

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

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

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

Let's take a look.

Best AI-Powered Business Plan Generators (2023 List)

• Tarkenton GoSmallBiz

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

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

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

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

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

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

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

Try Bizway .

2. LivePlan

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

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

3. Upmetrics

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

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

4. IdeaBuddy

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

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

5. GoSmallBiz

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

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

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

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

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

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Frequently Asked Questions

What is a business plan and why is it important.

• 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.

How to Write a Business Plan?

• 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.

Who Can Benefit from Plannit AI?

• 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.

Why is Plannit AI the best choice for an AI business planning software?

• 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.

How can ChatGPT help me to create business plans?

• Content Generation:: ChatGPT helps draft various sections of a business plan, from executive summaries to marketing strategies, by providing structured and coherent text based on the prompts given.
• Strategic Insights: It can offer suggestions on business strategies by analyzing trends and providing examples from a wide range of industries.
• Financial Planning: While it can't replace professional financial advice, ChatGPT can guide the structure of financial projections and statements, helping you consider important financial aspects of your plan.

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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?

8 Best AI Business Plan Generators

  For entrepreneurs, time is a commodity as precious as capital. Crafting a business plan is a fundamental step for any startup, yet it can be a daunting and time-consuming task. This is where AI Business Plan Generators come into play, offering a modern solution to an age-old challenge. These innovative tools are designed to streamline the process of creating a comprehensive business plan, allowing entrepreneurs to focus on what they do best innovating and growing their business.

The advent of AI Business Plan Generators has revolutionized the way business plans are developed. By leveraging artificial intelligence, these tools can produce detailed, professional plans with a fraction of the effort traditionally required. They are not just time-savers, they are strategic assets that can enhance the quality of business planning, ensuring that entrepreneurs are equipped with well-structured, data-driven plans to guide their ventures to success.

The Need for AI Business Plan Generator

The need for an AI Business Plan Generator stem from the increasing complexity of the business environment and the intense competition that startups face. A well-crafted business plan is the blueprint for a company’s future, outlining strategies, goals, and the path to profitability. However, the process of creating this document can be overwhelming, especially for those without a background in business development. AI Business Plan Generators alleviate this burden by automating the creation of these essential documents, enabling entrepreneurs to produce professional-looking business plans with ease.

Moreover, these AI tools are not just about efficiency, they are about effectiveness. They can analyze market data, track trends, and provide insights that might be missed by the human eye. This level of analysis is crucial for startups to position themselves advantageously in the market. With an AI Business Plan Generator, entrepreneurs can ensure that their business plans are not only quickly produced but also rich in data-driven insights that can inform better decision-making.

How does AI Business Plan Generator work?

AI Business Plan Generators work by employing advanced algorithms and natural language processing to transform user input into a structured business plan. Entrepreneurs start by providing details about their business idea, goals, target market, and financial projections. The AI then processes this information, utilizing vast databases and market analysis to generate a tailored business plan that aligns with industry standards and best practices.

The process is interactive and iterative, with the AI often prompting the user for additional information to refine the plan further. This collaboration between human creativity and AI’s analytical prowess results in a document that is both comprehensive and customized. The final output is a business plan that not only looks professional but is also imbued with strategic insights, making it a powerful tool for attracting investors and guiding the company’s growth.

8 Best AI Business Plan Generator (Free & Paid)

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How to Choose the Best AI Business Plan Generator?

Choosing the best AI Business Plan Generator requires careful consideration of several factors. First and foremost, the complexity of your business and the specific needs of your startup should guide your selection. A good AI Business Plan Generator should offer a balance between user-friendliness and comprehensive features. It should be intuitive enough for those without extensive business planning experience while providing advanced options for more seasoned entrepreneurs.

Another critical factor is customization. The best AI Business Plan Generators allow for a high degree of personalization, ensuring that the final business plan reflects the unique vision and objectives of your startup. Additionally, consider the level of support and resources provided by the tool. Access to customer service, tutorials, and documentation can be invaluable, especially when fine-tuning your business plan.

Lastly, the cost is an important consideration. While some AI Business Plan Generators are free, others come with subscription fees or one-time charges. Evaluate the pricing structures and determine which offers the best value for your budget. Remember, the goal is to find a tool that not only fits your financial constraints but also empowers you to create a business plan that can propel your startup towards success.

AI Business Plan Generator

ProAI is a cutting-edge AI business plan generator that leverages artificial intelligence to provide strategic recommendations for businesses. It is designed to create tailored business plans in a matter of days, offering a data-driven approach to growth and strategy. ProAI’s unique selling point is its ability to provide insights based on its experience advising over 3,600 clients, integrating proprietary data into your plan to identify key opportunities and risks. It assists businesses in evaluating new markets, products, and revenue streams, ensuring they achieve critical milestones to maximize their potential.

What does ProAI do?

ProAI is a tool that helps businesses strategize without guessing. It uses artificial intelligence to generate a tailored business plan, providing strategic recommendations based on insights from its extensive client base. ProAI helps businesses determine key opportunities and risks with proprietary data integrated into their plan, providing guidance based on the company’s objectives and needs. It also assists businesses in evaluating new markets, products, and revenue streams, ensuring they achieve critical milestones to maximize their potential.

ProAI Key Features

Data-Driven Growth : ProAI uses proprietary data to help businesses identify key opportunities and risks, providing a data-driven approach to growth.

Strategic Recommendations : Based on insights from advising over 3,600 clients, ProAI provides strategic recommendations tailored to your business needs.

Evaluation of New Markets : ProAI assists businesses in evaluating new markets, helping them to expand and grow.

Product and Revenue Stream Evaluation : ProAI helps businesses evaluate new products and revenue streams, ensuring they are making the most of their potential.

Tailored Business Plans : ProAI generates a tailored business plan in a matter of days, saving businesses time and effort.

Achievement of Critical Milestones : ProAI ensures businesses achieve critical milestones, helping them to maximize their potential.

ProAI Pricing Plans

ProAI offers three different pricing plans to meet the diverse needs of businesses. Users require to contact ProAI team for pricing information:

Standard Plan : The Standard Plan is designed to get businesses running, providing all the essential features of ProAI.

Premium Plan : The Premium Plan offers more power and confidence, providing additional features for businesses that need a little extra.

Agency Plan : The Agency Plan is designed for business consultants and agencies, offering enhanced features to meet their specific needs.

ProAI accepts debit and credit cards for payments.

2. LivePlan

LivePlan emerges as a beacon for entrepreneurs aiming to navigate the complex terrain of AI business plan generators and execution. With its roots deeply embedded in aiding over a million entrepreneurs to plan, fund, and grow their ventures, LivePlan stands out for its innovative approach towards eliminating the dread of writer’s block through its AI-Powered LivePlan Assistant. This platform is not just about drafting business plans, it’s a comprehensive ecosystem designed to transform your business dreams into achievable realities. By offering a plethora of sample business plans across various industries, LivePlan ensures that entrepreneurs have a clear vision of what their final plan should encompass. Moreover, its unique One-Page Pitch creation tool and simplified process for building financial forecasts demystify the planning process, making it accessible to all. LivePlan doesn’t stop at planning, it advocates for a shift towards growth planning, a testament to its commitment to evolving with entrepreneurial needs and ensuring the success of its users.

What does LivePlan do?

At its core, LivePlan simplifies the daunting task of business planning and financial forecasting for entrepreneurs and small business owners. By providing a user-friendly platform, it assists users in crafting professional business plans that are both lender-ready and investor-friendly. LivePlan’s strength lies in its ability to guide users through each step of the planning process with clear, step-by-step instructions, eliminating guesswork. The platform is equipped with tools for creating detailed financial forecasts, budgeting, and assessing financial performance, all while offering the flexibility of integrating with popular accounting software like QuickBooks and Xero. Its performance dashboard and the LivePlan Assistant further empower users to make informed, data-driven decisions. Whether you’re looking to clarify your business ideas, secure funding, or strategize for growth, LivePlan provides the tools and resources to achieve your business goals efficiently.

LivePlan Key Features

Step-By-Step Instructions : LivePlan breaks down the business planning process into manageable steps, ensuring that even those new to business planning can create comprehensive and professional plans.

Financial Forecasts & Scenarios : The platform offers robust tools for creating detailed financial forecasts, allowing users to explore various financial scenarios and their potential impacts on their business.

Budgeting & Financial Performance : LivePlan simplifies budgeting and tracking financial performance, making it easier for businesses to stay on top of their finances and make adjustments as needed.

Cash Flow Forecasting : With LivePlan, users can forecast their cash flow with ease, ensuring that they have a clear understanding of their financial health and liquidity at any given time.

Performance Dashboard : The dashboard provides a real-time overview of a company’s financial performance, helping users monitor progress towards their goals and make data-driven decisions.

QuickBooks & Xero Integration : LivePlan integrates seamlessly with QuickBooks and Xero, allowing for easy import of financial data and simplifying the financial planning and management process.

LivePlan Pricing Plans

LivePlan offers two main pricing plans to cater to the diverse needs of its users.

Standard Plan : This plan, priced at $20 per month ($15 per month when billed annually), is designed for individuals or businesses in need of a professional business plan. It includes step-by-step instructions, lender-ready financial statements, a full financial forecast, a one-page pitch builder, access to over 550 sample plans, the LivePlan Assistant, and a personal onboarding call. The pricing for this plan is structured to offer flexibility, with options for monthly or annual payments.

Premium Plan : Aimed at businesses seeking to make confident decisions with additional support, the Premium Plan, priced at $30 per month ($20 per month when billed annually), builds on the Standard Plan by offering advanced features such as industry benchmark data and the ability to create multiple financial forecasts. This plan is ideal for businesses looking for deeper insights and more comprehensive planning tools.

LivePlan accepts various payment methods, including debit and credit cards, and PayPal, ensuring convenience for its users.

3. Planpros

Planpros stands out as a sophisticated AI business plan generator designed to simplify the complex process of crafting a business plan. It caters to entrepreneurs and business consultants who seek a streamlined, efficient approach to developing professional business plans. With its user-friendly interface and advanced features, Planpros transforms what was once a time-consuming task into a more manageable and even enjoyable experience. It is praised for its speed and ease of use, making it a top choice for anyone in need of a business plan.

What does Planpros do?

Planpros leverages artificial intelligence to assist users in creating detailed business plans. It understands the critical components that must be included and ensures that each section communicates the necessary information effectively. This AI business plan generator is not just a template-filler, it’s a comprehensive tool that guides users through the planning process, providing insights and expertise that rival traditional methods. Planpros is particularly valuable for its ability to generate full financial projections, a crucial element for entrepreneurs seeking funding.

Planpros Key Features

Ease of Use : Planpros is designed with a focus on user experience, ensuring that even those with minimal business planning experience can navigate and utilize the software effectively.

Comprehensive Financial Projections : The tool includes robust financial projection capabilities, which are essential for securing funding and understanding the financial outlook of the business.

AI-Powered Efficiency : By harnessing the power of AI, Planpros significantly reduces the time and effort required to produce a business plan compared to traditional methods.

Customization : Users can fully customize their business plans, ensuring that the final product is tailored to their specific business needs and goals.

Up-to-Date Plans : The software allows for easy updates, so business plans can remain current and evolve alongside the business.

Free Trial : Potential users can test-drive Planpros without any initial investment, providing an opportunity to assess the software’s capabilities firsthand.

Planpros Pricing Plans

Planpros offers a variety of pricing plans to accommodate different user needs and budgets.

Starter Plan : This plan, priced at $25 per month ($15 per month when billed annually), is ideal for those new to business planning, offering the basic tools needed to create a professional business plan.

Professional Plan : For more advanced users, this plan, priced at $45 per month ($27 per month when billed annually), includes additional features such as more comprehensive customization options and the ability to keep business plans up-to-date with the latest information.

Planpros accepts various payment methods, including debit and credit cards, and PayPal, providing flexibility for users when it comes to purchasing their preferred plan.

Bizplan stands out as a comprehensive AI business plan generator designed to assist startups and small businesses in crafting detailed business plans with ease. It simplifies the complex process of business planning by providing a suite of tools that cater to various aspects of creating a business plan, from financial projections to scenario planning. Bizplan’s integration with platforms like Fundable.com further enhances its value proposition by offering users the ability to raise capital directly through the software. Its cloud-based nature ensures accessibility across devices, making it a versatile choice for entrepreneurs on the go.

What does Bizplan do?

Bizplan serves as a dynamic platform that streamlines the creation of business plans for entrepreneurs and small business owners. It offers a guided step-by-step process that demystifies the intricacies of financial modeling and strategic planning. Users can collaborate in real-time, share documents with stakeholders, and access a wealth of resources including video tutorials and expert advice. Bizplan’s financial tools are designed to be user-friendly, allowing those without a finance background to create professional and accurate financial forecasts, making it an invaluable tool for anyone looking to start or grow a business.

Bizplan Key Features

Financial Modeling Tools : These tools enable users to create detailed revenue and cost forecasts, cash flow projections, and profit/loss statements. They are designed to be intuitive, catering to users who may not have a deep background in finance.

Executive Summary Builder : This feature guides users through crafting a compelling executive summary, which is a critical component of any business plan, designed to capture the attention of potential investors or stakeholders.

Pitch Deck Creator : Bizplan provides users with the tools to create a professional pitch deck, an essential for startups seeking investment.

Document Sharing and Centralized Dashboard : The platform allows for easy sharing of documents and a centralized dashboard for efficient management of the business plan.

Integration with Major Services : Bizplan integrates with services like Office 365, G Suite, QuickBooks, Xero, Stripe, and PayPal, streamlining the planning process by connecting with tools businesses already use.

Access to Expert Advice : With a subscription, users gain access to over 20,000 experts across various fields, which can be invaluable for getting specific questions answered or for general guidance.

Bizplan Pricing Plans

Bizplan offers a range of pricing plans to suit different needs, including Monthly, Annual, and Lifetime Access options.

Monthly Plan : This plan, priced at $29 per month, is designed for those who prefer a short-term commitment, offering full access to Bizplan’s features on a month-to-month basis.

Annual Plan : For users looking for a longer-term solution, the annual plan, priced at $20.75 per month billed annually, provides a discounted rate compared to the monthly plan, billed once a year.

Lifetime Access : The lifetime access plan is a one-time payment option of $349 that gives users unlimited access to Bizplan’s features for the lifetime of the product.

Each plan includes access to Bizplan’s suite of tools, including financial modeling, document sharing, and pitch deck creation. Payment can be made using debit and credit cards, or bank wire transfer.

5. Upmetrics

Upmetrics is a dynamic, AI business plan generator designed to assist entrepreneurs and small business owners in creating effective business plans. It offers a simple, flexible tool that aids in accelerating business growth through strategic planning, forecasting, and collaboration. Upmetrics is designed to convert great business ideas into reality, providing a comprehensive suite of features to plan, fund, and grow your business.

What does Upmetrics do?

Upmetrics serves as a comprehensive business plan builder, offering AI assistance to help users write their business plans with ease. It provides a library of over 400 sample business plans across various industries to help users get started. The platform also offers real-time collaboration features, allowing teams to work together seamlessly. Upmetrics is not just a business plan creator, it also offers financial forecasting tools, a pitch deck creator, and a variety of business models to help businesses strategize and grow.

Upmetrics Key Features

AI Assistance : Upmetrics offers AI assistance to help users write their business plans. It can auto-write, rewrite, shorten, expand, or even change the tone of the business plan, making the process more efficient and less time-consuming.

Business Plan Builder : Upmetrics provides a robust business plan builder that allows users to create comprehensive and professional business plans. It also offers over 400 sample business plans to help users get started.

Financial Forecasting : Upmetrics includes financial forecasting tools that help businesses plan their finances effectively. These tools can aid in creating detailed financial projections and forecasts.

Pitch Deck Creator : Upmetrics features a pitch deck creator that helps businesses create compelling pitch decks to attract investors and stakeholders.

Business Models : Upmetrics provides a variety of business models that businesses can use to strategize and plan their growth.

Collaboration Tools : Upmetrics offers real-time collaboration tools that allow teams to work together seamlessly on their business plans.

Upmetrics Pricing Plans

Upmetrics offers two main pricing plans: the Starter Plan and the Premium Plan.

Starter Plan : The Starter Plan is priced at $7 per month when billed annually. It is designed for individuals or small teams who are just starting their business planning journey.

Premium Plan : The Premium Plan is priced at $14 per month when billed annually. This plan is designed for larger teams or businesses that require more advanced features and capabilities.

Upmetrics accepts payments through debit and credit cards.

Enloop stands out as a dynamic and user-friendly online AI business plan generator designed to simplify the complex process of business plan creation. It offers a suite of tools that cater to both novices and seasoned entrepreneurs, aiming to transform the daunting task of business plan writing into a more manageable and efficient experience. Enloop’s system is engineered to guide users through each step, ensuring that the final product is not only comprehensive but also tailored to meet the expectations of potential investors and financial institutions.

What does Enloop do?

Enloop serves as an automated business plan generator that leverages artificial intelligence to craft personalized business plans. The platform’s core functionality revolves around its ability to generate customized text, which users can then edit to suit their specific business needs. Enloop’s sophisticated algorithms also integrate financial data into the text, providing real-time updates and ensuring consistency across the document. This seamless synchronization between textual and financial elements is designed to produce a cohesive and professional business plan that can withstand the scrutiny of stakeholders and lenders.

Enloop Key Features

Automated Text Writing : Enloop’s automated text writing feature generates customized content that users can modify. This tool is particularly beneficial for those who may not be adept at articulating business concepts, as it provides a solid foundation upon which they can build and refine their business plan.

Financial Ratios Analyzed : The platform offers analysis of 16 critical financial ratios, comparing forecasted performance with industry peers. This insight is invaluable for understanding a business’s financial health and positioning in the market.

Real-Time Performance Score : Users receive a real-time performance score that reflects the strength of their business plan. This scoring system motivates users to improve their plans and, by extension, their potential business outcomes.

Automatically Generated Financial Reports : Enloop not only generates financial forecast reports but also explains them, making complex financial data accessible and understandable for entrepreneurs.

Pass/Fail Report and Certificate : The platform provides immediate feedback on critical issues through its pass/fail report, allowing users to make necessary adjustments before these issues manifest in the real world.

Country Currency Formatting : With over 100 currency symbols and number formatting options, Enloop caters to a global user base, ensuring that financial data is presented in a format that is familiar and relevant to the user’s location.

Enloop Pricing Plans

Enloop offers a variety of pricing plans to accommodate the diverse needs of its users.

7-Day Plan : This plan is designed for those who wish to test the waters before committing to a longer-term option. It includes basic features such as automated text writing and financial forecasting.

Detailed Plan : Aimed at users requiring more in-depth analysis, this plan, priced at $19.95 per month ($11 per month when billed annually), offers additional financial details and the ability to analyze more ratios, providing a more comprehensive understanding of the business’s financial prospects.

Performance Plan : For the most ambitious users, the Performance Plan, priced at $39.95 per month ($24 per month when billed annually), includes all the features of the Detailed Plan, along with enhanced collaboration tools and advanced performance scoring to help finetune the business plan to perfection.

Enloop accepts various payment methods, including debit and credit cards.

7. PitchBob.io

PitchBob.io emerges as a sophisticated platform designed to streamline the process of business plan creation for startups and entrepreneurs. At its core, PitchBob.io harnesses the power of artificial intelligence to distill complex business ideas into polished, investor-ready business plans. This service acts as a virtual business analyst, engaging users in a detailed dialogue to extract the essence of their business concept, which it then meticulously crafts into a comprehensive 20-page document. The platform prides itself on its ability to save users time and resources typically spent on consulting services, offering a cost-effective solution that equates to the price of a few team pizzas.

What does PitchBob.io do?

PitchBob.io serves as an AI-driven co-pilot for startups and entrepreneurs, providing a suite of tools to enhance and evaluate business ideas. The platform’s capabilities extend beyond business plan generation to include the creation of pitch decks, investor letters, and startup one-pagers. PitchBob.io leverages a decade of human experience in startup deck creation to help users articulate their business ideas with clarity and precision. With its web-based accessibility, PitchBob.io enables users to create and edit their pitch materials from any device, ensuring that their presentations are persuasive and tailored to the expectations of potential investors.

PitchBob.io Key Features

Idea Formulation : PitchBob.io guides users through a series of targeted questions, aiding in the structuring and articulation of their business concepts.

Instant Deck Creation : The platform boasts the ability to generate professional pitch decks swiftly, translating user inputs into a structured template ready for immediate use.

Idea Improvement : PitchBob.io offers advice and suggestions for each response, teaching users how to refine their ideas for maximum impact.

VC-Style Coaching : Users receive coaching akin to venture capitalist questioning, preparing them for real-world investor interactions.

Deck Evaluation and Feedback : The service includes a critical analysis of pitch decks, providing constructive feedback to enhance content and presentation quality.

Export Options : PitchBob.io allows users to export their pitch decks in various formats, including PDF, PowerPoint, and Keynote, facilitating easy sharing with investors.

PitchBob.io Pricing Plans

PitchBob.io offers three distinct pricing plans to cater to a range of needs and budgets.

Basic Plan : This plan, priced at $19.90 per month, optimizes user responses for presentation templates using AI, suitable for those seeking a straightforward enhancement of their pitch materials.

Advanced Plan : Building on the Basic Plan, the Advanced Plan includes AI recommendations and advice to further refine presentation content and priced at $39.90 per month.

Pro Plan : The Pro Plan, priced at $59.90 per month, offers the most comprehensive support, with alternative versions of answers and in-depth content enhancement for a polished final product.

PitchBob.io accepts various payment methods, including debit and credit cards, PayPal, and bank wire transfers, providing flexibility for users to choose their preferred payment option.

8. Easy-Peasy.AI

Easy-Peasy.AI is a versatile AI content generator designed to streamline the process of creating business plans and other types of content. It leverages advanced AI technology to provide a user-friendly platform that caters to startups, small businesses, and even individual content creators. The platform is designed to help users create high-quality content efficiently, saving them time and effort.

What does Easy-Peasy.AI do?

Easy-Peasy.AI is a comprehensive AI content tool that assists with a variety of writing tasks. From generating business plans, creating resumes, composing emails, to crafting social media content, Easy-Peasy.AI is equipped to handle it all. It offers over 170 templates, making it a versatile tool for different content creation needs. The platform also provides solutions for generating product descriptions, podcast titles, and even personalized love letters for special occasions. It’s not just a content generator, but a tool designed to enhance creativity and efficiency.

Easy-Peasy.AI Key Features

User-Friendly Interface : Easy-Peasy.AI boasts a simple and intuitive interface that allows users to create long-form content and generate custom text for their needs.

Variety of Templates : With over 170 templates, users can create almost any content, from business plans to social media posts.

AI Chat Companion : Easy-Peasy.AI features a friendly AI buddy named Marky that users can interact with in natural language to get the answers they need.

Language Support : With support for over 35 languages, Easy-Peasy.AI ensures that users can reach a global audience without language barriers.

Audio Transcription : Transcribe audio effortlessly with Easy-Peasy.AI’s advanced transcription features.

Environmental Commitment : Easy-Peasy.AI contributes 1% of purchases to remove CO₂ from the atmosphere, showcasing a commitment to environmental responsibility.

Easy-Peasy.AI Pricing Plans

Easy-Peasy.AI offers a range of pricing plans to suit different needs. Here are the available plans:

Free Plan : This plan offers basic features with limited usage.

Basic Plan : Priced at $4.99/month, this plan offers expanded features.

Unlimited Plans : Starting at $9.99/month, these plans offer unlimited usage and access to all features.

Easy-Peasy.AI accepts debit and credit cards, PayPal, and bank wire transfer for payments.

FAQs on AI Business Plan Generator

What is an ai business plan generator.

An AI Business Plan Generator is a sophisticated software tool that leverages artificial intelligence to assist entrepreneurs in creating detailed, data-driven business plans. By inputting basic information about their business idea, users can receive a comprehensive plan that includes market analysis, financial projections, and strategic insights, all tailored to their specific needs.

Who can benefit from using an AI Business Plan Generator?

Virtually anyone planning to start a business can benefit from using an AI Business Plan Generator. This includes first-time entrepreneurs, seasoned business owners looking to venture into new markets, and even students or professionals working on business-related projects or coursework.

How accurate are the business plans generated by AI?

The accuracy of a business plan generated by AI largely depends on the quality of the input provided by the user and the sophistication of the AI’s algorithms. Most advanced generators are designed to produce highly accurate and relevant plans by analyzing vast amounts of market data and trends.

Can AI Business Plan Generators replace human consultants?

While AI Business Plan Generators can significantly streamline the process of creating a business plan, they may not entirely replace the need for human consultants, especially for complex or highly specialized businesses. Human consultants can offer insights, creativity, and expertise that are currently beyond the scope of AI.

Are there any free AI Business Plan Generators available?

Yes, there are several free AI Business Plan Generators available online. However, the features and capabilities of free versions may be limited compared to paid subscriptions, which offer more advanced functionalities and customization options.

How do AI Business Plan Generators handle financial projections?

AI Business Plan Generators handle financial projections by using algorithms to analyze market data, historical financials, and industry benchmarks. Users typically need to input basic financial information, and the AI then extrapolates this data to create detailed projections.

Can I customize the business plan generated by AI?

Yes, most AI Business Plan Generators allow for a degree of customization. Users can often edit sections, add personal insights, and adjust financial projections to better reflect their vision and strategy.

How long does it take to generate a business plan with AI?

The time it takes to generate a business plan with AI can vary from a few minutes to several hours, depending on the complexity of the business and the level of detail required. Generally, the process is significantly faster than creating a plan manually.

Is my data safe when using an AI Business Plan Generator?

Reputable AI Business Plan Generators implement robust security measures to protect user data. However, it’s essential to review the privacy policy and security practices of the tool before inputting sensitive information.

How often should I update my AI-generated business plan?

It’s advisable to update your business plan regularly, at least once a year or whenever significant changes occur in your business or the market. AI Business Plan Generators can facilitate this process by making it easier to adjust and regenerate plans as needed.

Embarking on the journey of entrepreneurship requires a solid foundation, and a well-crafted business plan is a cornerstone of that foundation. AI Business Plan Generators represent a leap forward in how entrepreneurs approach this critical task, combining the efficiency of technology with the depth of strategic planning. These tools not only save time but also enhance the quality of business plans by incorporating data-driven insights and market analysis.

As the business landscape continues to evolve, the integration of AI into the planning process will become increasingly important. Entrepreneurs who leverage these tools effectively will find themselves better equipped to navigate the complexities of starting and growing a business. In the end, the goal of any business plan is to pave the way for success, and AI Business Plan Generators are becoming an indispensable ally in achieving that goal.

© Copyright 2020 Morning Dough - All rights reserved

January 4, 2024

Best AI business plan generators of 2024

This guide reviews the primary components of a business plan and our top 10 picks for the best AI business plan generators.

Co-founder, CEO

AI has created millions of new business opportunities and made it easier than ever before to launch a new business. If you have a business idea and are looking to put together a business plan, you can also use AI tools to help validate your idea and present it to investors or partners.

Whether you're a repeat entrepreneur or just thinking about your first business idea, thinking through your business plan can be an important step for getting your business off the ground.

In this guide, we'll review the primary components of a business plan, what an AI business plan generator is, the top features to look for, and our top picks for the best AI business plan generators.

What is a business plan?

A business plan is a strategic document that provides an overview of a business's goals and its strategy for achieving them. Typically, a business plan will include items like:

• Description of the business and product
• Analysis of the competitive landscape
• Product, marketing, and sales strategy
• KPIs and financial projections

Two of the primary reasons that entrepreneurs and executives create business plans are (1) to plan out key business decisions and strategy before spending time on execution and (2) to share their business ideas with partners who may want to invest or work together with the business.

A well-crafted business plan should serve as a roadmap for a business's growth and help entrepreneurs make good decisions and allocate resources effectively.

What is an AI business plan generator?

An AI business plan generator is a software tool that uses AI to create a customized business plan for your specific needs. Typically, an AI business plan generator will ask you key information about your business like industry, target market, and financial goals, and then the AI generator can analyze the information and produce a well-structured business plan. This can save you time and effort while ensuring that your plan is tailored to your unique business.

Top features to look for in an AI business plan generator

Here are some features that you should look for in an AI business plan generator:

• Fast and user-friendly interface : A good AI business plan generator should be easy to use, with an intuitive interface to guide you through the process of creating your plan. Typically this will be in the form of a chat or app interface.
• "Copilot" customizability : We all know AI is rarely perfect, especially when creating important documents like a business plan. It can often involve several back-and-forth revisions with the AI before you land on something you like. Look for a tool that acts as a "copilot" and can add or remove sections and tailor language to match your brand voice, rather than a product that promises you a 100% completed product that it will not be able to deliver on.
• Collaboration features : If you're working with a team or partners, choose an AI business plan generator that allow you to share the business plan with others and collaborate on revisions. You don't want to write your business plan in a vacuum, but if you use a proprietary AI tool that no one else has access to, it can be difficult to collaborate with others.
• Export options : Make sure that your AI business plan generator allows you to create and export your business plan in the format that you want, such as a slide deck, PDF, Word, or Google Doc. Some AI business plan generators will be focused on text documents, while others will just describe your business plan in a series of chat messages, and others, like Plus AI, will give you a presentation that you can share with colleagues and partners.

How do I use an AI business plan generator?

Using an AI business plan generator should be easy. Here's how to get started!

• Pick an AI business plan generator from our list.
• Provide as much information about your business as you'd like to help the AI understand your business and tailor the business plan accordingly.
• Ask the AI for the first draft of your business plan.
• Review the AI-generated plan and make any necessary revisions.
• Share the plan with coworkers and partners to gather feedback and continue making revisions.

The important thing to remember in this process is that an AI tool is unlikely to understand your business as well as you do. Make sure you spend time validating the accuracy of the AI business plan and whether it is capturing the right story behind your business.

Example prompt for AI business plan generator

Here are some of the key pieces of information to share with an AI business plan generator, as well as how you might string them together in a few example prompts:

• Overview of the business (history, founding story, number of employees, growth, notable facts)
• Key product(s) and unique selling proposition
• Key sales and marketing channels
• Proposed strategy for product, sales, and/or marketing
• Market landscape and comparison to competitors
• Goals, KPIs, and financial projections
• Key milestones to-date (e.g., revenue, key customers, product breakthroughs)
• Target audience and customer segments
• Management team and other key personnel
• Risks and challenges
• Opportunities and new investment areas
• Funding needs and use of funds
• Exit strategy

Example prompt to create a business plan

Create a business plan for Dan's Desserts, a direct-to-consumer cookies and candy company that will be launched in Q3 of 2023. Dan's Desserts sells sweets via a website and app-based delivery services, and the unique strategy of Dan's Desserts is to leverage TikTok and other short-form video platforms for marketing its products. It aims to reach $1M in sales by the end of the year.

Best AI business plan generators

There are dozens of different AI tools that can help you write a business plan. Here are 10 of the best options we've found in our research.

• ChatGPT and Custom GPTs

Link: https://chat.openai.com/

ChatGPT is the most well-known AI tool in the market today, and it is capable of generating business plans and helping users think through their business ideas in a back-and-forth chat interface. Just provide it with a prompt like the example above, and it will get started immediately.

To go a step further, you can use a Custom GPT like the Plus AI business plan generator, which will help prompt you for more information to further refine your business plan, give you more ideas and tips as you co-create your business plan, and output your business plan in a consistent format.

The primary challenge with using ChatGPT to create your business plan is that it does not naturally export its chats into other productivity tools, which limits your range of outputs formats and collaboration options. If you are going to be presenting or sharing your business plan with others, you will probably need to use another tool to take the raw ChatGPT output and turn it into something else.

For example, to turn your ChatGPT business plan into a slide deck , you will need to use a tool like Plus AI to convert your ChatGPT output into a presentation. To turn your ChatGPT output into a Google Doc, you can probably just copy and paste it directly into Google Docs.

Link: https://www.plusdocs.com/

While the old-school mental image of a "business plan" is a thick stack of pages of single-spaced text, most modern startups and companies use a slide deck for their business plans. Slides make it easier to read, easier to share, and easier to highlight the key aspects of your businesses that differentiate it from others.

Plus AI is an AI tool that specializes in making well-designed, professional presentations, which makes it the perfect tool for business plans. After giving Plus a brief about your business, it will give you the outline of a business plan (which you can edit and rearrange), and then it will generate the first draft of your business plan.

Once the presentation has been generated, you can create and apply a custom theme, add or remove slides, and rewrite or reformat slides as you see fit. It's an end-to-end tool to help you create the perfect presentation. Some of the other key benefits of Plus AI are:

• It works directly in Google Slides, so you get all of the built-in editing and collaboration features
• It allows you to edit, revise, and theme your slides after you create a first draft of a presentation
• You can use Plus AI to insert one slide at a time, or an entire presentation
• It's free to try it out!

3. Notion AI

Link: https://www.notion.so/

If you are interested in productivity and startups, you've probably heard of Notion. Notion is an all-in-one workspace app that allows users to organize all of their notes, tasks, and references in one place.

The primary user interface for Notion is a document editor, and there are multiple ways to use Notion AI within the Notion editor. You can give it a freeform prompt like "Create a business plan for..." and have it generate a full document, or you can create section headers or an outline, and then use Notion AI to write each section individually.

One of the best parts of using a "native" AI tool like Notion AI is the output comes out looking beautifully formatted as it is written using Notion's native blocks, and it's fun and easy to write and edit content in Notion. The downside of using an app like Notion is if you later have to copy and paste it into Google Docs or Word, the formatting can get lost or mis-translated.

If you are working on launching a new business and you already have many notes and ideas written across various Notion pages, creating a business plan in Notion could be a great idea. It also makes it easier to collaborate and continue to refine a plan since it keeps everything and everyone in one place.

Link: https://coda.io/

Coda is a similar product to Notion, and it was one of the earliest tools to deeply embed AI into its product workflows. Coda has an AI interface that will allow you to generate entire docs from a prompt, or the ability to write individual sections or an outline of a document.

Just like Notion, Coda will create outputs in the native format of a Coda doc, which is great for collaboration, but might not be as conducive to outputting into other formats for sharing with partners or investors.

One thing we found in testing Coda, is that will create AI content using tables, which can be helpful for presenting time-series data or other numerical data, and it seems like the other AI tools are not as good at creating non-text information.

If you are considering Coda vs. Notion, check out our comparison of the two products here , and go with the one that you think is a better match for your business.

5. Beautiful.ai

Beautiful.ai is one of the older AI tools on the market, and it is specifically intended for building slide decks. If you are looking for a product that can help design slides to show off a business plan, it might be a good fit.

There are two ways you can use Beautiful.ai. The first is to use their AI "Designer Bot" which will take a free-form AI instruction to create a presentation. The second way is to use their AI slide designer, which will walk you through a handful of steps to pick and design a slide.

Beautiful.AI leans heavily on their templating and theming engine to create aesthetic slides, so it is a good tool to use with a team to make sure your slides are consistent. However, because it is a standalone presentation tool, you will need to export your content in order to share it as a doc or slide deck with someone who uses Google Workspace or Microsoft Office, and the formatting may get mis-translated during the export process.

6. Jasper AI

Jasper AI is one of the most well-known AI writing tools in the market today. While it is primarily focused on marketing teams, it is also very useful for general business writing, and you can use it to write business plans as well.

Because JasperAI has been optimized for writing, it will generally have higher quality writing and more functionality like the ability to select a custom writing voice, use different ML models, and quickly transform content.

Because the tool is relatively expensive (but offers a free trial), you may want to try it out for your business plan, see if you can use it for other use cases as well, and then make a decision on whether it is worth considering.

TypeAI is an AI document editor, specifically focused on writers. Its main focus is providing a UI and set of workflows that makes it easy for writers to quickly create high-quality content.

Some of the best features in TypeAI are the suggestions for what to write about next and the chat function that can allow you to ask questions like "What are some of the key risks I should consider for my business?" When using Type to create a business plan, these features are helpful ways to find what to add to your plan or find areas of your plan that need additional explanation.

TypeAI offers a free trial, so you can try it out for writing your business plan and then see if you find value in using it for writing other types of documents and materials as well.

8. 15MinutePlan.ai

15MinutePlan is a simple website that focuses only on generating text-based business plans. Their site will walk you through a 7-step questionnaire about your business and then create a business plan document after the last step.

There is no need to login or pay for the plan at this phase, but if you'd like to edit the plan or get premium features (like the ability to use AI to ask questions about the plan), you will be asked to pay.

The general quality of the writing and output seem similar or lower than tools like Coda AI or Notion AI, but because it asks detailed questions about your business, the content can sometimes be better than the other AI tools.

Our advice would be to try a tool like 15MinutePlan and see if it gives you what you need, but more importantly, save the answers you provide to their questionnaire and then use the same inputs for the other AI tools to get higher quality outputs everywhere.

9. VentureKit

VentureKit is another streamlined website that focuses only on generating business plans. Their site will ask you a couple of questions and then create a long business plan with different sections. The overview sections are free, but the more detailed sections on implementation plans and competitor analysis require you to pay.

The nice part of the Venture Kit package is that it shows you a detailed outline of all of the potential sections of a business plan, and it is presented in a way that makes it more visually appealing than a standard text document.

However, at the end of the day, if you need to convert this into a Google Doc or a presentation, it is still a long set of different text blocks that you will either need to copy and paste or transform into a different format.

We'd recommend taking a look at the different sections they present in their business plan outline and then figuring out if you need any or all of them before you upgrade to a premium plan. It could also be that some of those pieces of the outline could help you better clarify what you need in your business plan to the other AI tools.

10. Grammarly

Grammarly has a simple webpage that asks you a series of questions before generating a "one-pager" business plan. This is not a particularly sophisticated AI generator, but the simple interface and simple output make it easy to quickly think through a new idea without a lot of setup work.

Frequently asked questions

• Can I use ChatGPT to create a business plan? Yes. You can use ChatGPT to generate a whole business plan or sections of your business plan. If you would like to convert your business plan into a presentation, you may also consider a tool like Plus AI .
• Can I trust the accuracy of an AI business plan? Sort of. While AI-generated business plans are a great way to get a head-start on the first draft of your business plan, it's essential to review and verify the accuracy of the plan and tailor it to your business before sharing with partners.
• Can I use an AI business plan for any type of business? Yes, you can use AI to generate a business plan for any type of business, although the AI may be better for 'mainstream' businesses like a coffee shop than for a nuclear power startup.
• How can I customize an AI business plan for my business? After you get a first draft of your business plan, make sure the AI tool you use allows you to revise and edit the output. A tool like Plus AI, for example, lives directly in Google Slides, which makes it easy to collaborate on customizing your plan for your business.

Using AI to create a business plan can save you a lot of time and effort when you are trying to launch your business. Of course, AI is not always one-size-fits-all, so finding the right tool to support you and your business is not always straightforward. Hopefully this guide allows you to get started on your business plan and find some tools that can assist you with other tasks as well. 

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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.

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.

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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.

Professional AI Business Plan Generator

From a blank page to a professional business plan in a few clicks.

Use our AI-driven platform to craft a professional business plan for starting a new business, seeking funding, launching products or services, or entering new markets.

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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 ~1 minute.

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 Templates' for additional examples.

Vending machine business plan

Trucking business plan

Daycare business plan

Coffee shop business plan

Family entertainment center business plan

Junk removal business plan

Real estate development business plan

Music studio business plan

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From the blog

Spanish Now Supported by Our Business Plan Generator

Exciting news for everyone! BizPlanner.ai, your go-to AI for making business plans, just got better. From the start, our website has welcomed both English and Spanish speakers. But, when it came to making a business plan, we only had English. Not anymore!

Smart, AI-Powered Suggestions for Your Business Plan

Explore BizPlanner AI's latest feature offering AI-generated suggestions for uncertain areas in your business plan, enhancing planning ease and accuracy

Struggling with Your Business Plan? AI Business Plan Generator Can Help

Creating a business plan is an essential step for anyone starting or running a business. It's like making a roadmap that shows where you want your business to go and how you plan to get there. But, this important task is often filled with challenges.

AI Business Plan Generator Overview (Dec 2023)

The video below, recorded in December 2023, is a comprehensive demo of the AI Business Plan Generator, encapsulating the continuous enhancements and features we've integrated into the tool.

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

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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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Elevate Your Strategy: AI for Business Plan

Take your business strategy to new heights with the power of AI. Discover how incorporating AI into your business plan can unlock untapped potential, enhance decision-making, and drive meaningful growth. Elevate your strategy and stay ahead in today's competitive business landscape.

Sintra AI Editorial

Table of contents

Introduction.

In today's fast-paced business landscape, where competition is fierce and innovation is the name of the game, staying ahead of the curve is absolutely crucial. And that's where the power of artificial intelligence (AI) comes into play, transforming the way businesses operate and revolutionizing the world of strategic planning.

From generating comprehensive business plans to analyzing market trends, AI has become an indispensable ally in the arsenal of modern businesses. Gone are the days of painstakingly collecting data and manually analyzing market dynamics—it's all about harnessing the power of AI to streamline and supercharge your planning process.

Get ready to elevate your strategy with AI for business planning like never before!

Unveiling AI's Significance in Strategic Business Planning

AI's significance in strategic business planning cannot be understated. By incorporating AI into the planning process, businesses gain access to a wealth of benefits. Firstly, AI-powered tools eliminate the need for manual data collection and analysis, saving valuable time and effort.

Additionally, AI can quickly analyze vast amounts of market data, enabling businesses to make informed decisions based on accurate insights. Moreover, AI algorithms can identify patterns and trends that humans may overlook, providing a deeper understanding of the market landscape.

These invaluable capabilities empower businesses to develop robust business plans that align with market demands and capitalize on emerging opportunities. With AI's ability to automate repetitive tasks and generate customized solutions, strategic business designing has become more efficient and effective than ever before.

Recommended Read: Sales Process Automation: 8 Effective Ways to Maximize Sales

ChatGPT Prompt For Your Business Plan

One remarkable AI tool for developing business plans is ChatGPT . This state-of-the-art language model allows users to interact with an AI-powered chatbot that provides step-by-step guidance in creating a business plan. Whether you're a seasoned entrepreneur or a budding startup, ChatGPT can be your virtual assistant, assisting you in formulating an effective business strategy.

Try the prompt below by filling out customized information about your business!

The best part is that you can get even more personalized output by following with a couple more ready-to-go prompts. You can find them in a free library of 2500+ AI prompts by Sintra AI.

Sintra AI streamlines the prompt engineering process by providing diverse pre-developed prompts suitable for different scenarios. Whether you're a beginner or an experienced prompt engineer, Sintra AI can be a valuable asset in your journey.

Edit and Review The Business Plan

While AI business plans can save time and money, it is important to note that they may contain errors. Therefore, it is crucial to conduct a thorough evaluation and review of the plan to ensure that it accurately reflects the strategic objectives of your business.

This evaluation should include an analysis of how the AI plan addresses key factors such as market analyses and financial forecasts. By carefully reviewing the plan, you can identify any potential issues and make necessary adjustments to ensure that it aligns with your business goals and objectives.

Tips for Leveraging ChatGPT in Developing Your Business Plan

To make the most of ChatGPT and create an exceptional business plan, here are a few tips to consider:

1. Clearly define your business goals: Before diving into the planning process, articulate your business's objectives, mission, and vision. This clarity will help the AI-powered tool understand your specific requirements.

2. Conduct market research: The success of any business plan relies on a thorough understanding of the target market. Leverage ChatGPT to gather insights on market trends, target audience preferences, and competitive landscapes. This information will enable you to craft a winning strategy.

3. Utilize AI's financial forecasting capabilities: ChatGPT and other AI tools can assist you in creating accurate financial projections. By incorporating historical data and market analysis, you can generate reliable revenue forecasts, expense estimations, and cash flow projections.

4. Collaborate with human expertise: While AI provides valuable guidance, remember that it works best when combined with human creativity and critical thinking. Engage with industry experts, mentors, and advisors to add a personal touch to your business plan and ensure its viability.

The Role of Market Research in AI-Powered Business Planning

Market research plays a pivotal role in AI-powered business planning. It is the foundation for making informed decisions and developing a successful strategy. Before diving into creating an AI-powered business plan, conducting thorough market research is crucial for understanding the current landscape, identifying opportunities, and mitigating risks.

Market research provides valuable insights into customer preferences, behaviors, and market trends. You can tailor your business plan and offerings by understanding your target market. Without proper market research, businesses risk developing strategies that may not resonate with their target audience or fail to address their needs.

Potential Risks of Inadequate Market Research

One of the potential risks of inadequate market research is an inaccurate understanding of customer demands. Failing to identify and meet customer needs can lead to a mismatch between the product or service and the market, resulting in poor sales and customer satisfaction. This can be a costly mistake that hampers the success of the business.

Additionally, insufficient market research can lead to underestimating or overestimating the competition. Being unaware of competitors' strengths, weaknesses, and market positioning leaves businesses vulnerable to losing market share or missing out on potential market opportunities. Market research helps evaluate the competitive landscape, enabling businesses to differentiate themselves and develop effective marketing and sales strategies.

Benefits Of A Well-Done Market Research

On the other hand, when market research is done right, the benefits can be groundbreaking. Proactively gathering data on target customers' preferences, pain points, and buying behavior allows businesses to tailor their products or services to meet those needs.

Effective market research also helps identify emerging market trends. This knowledge enables businesses to stay ahead of the curve by adapting their strategies to capitalize on these trends and meet evolving customer demands. By attuning to market dynamics, businesses can position themselves as industry leaders and gain a competitive edge.

Adequate market research reduces the risk of developing strategies not aligning with market demands and ensures that businesses are well-positioned to capitalize on market opportunities. By leveraging the power of AI and conducting comprehensive market research, businesses can significantly enhance the success potential of their AI-powered business plans and achieve their strategic objectives.

How To Make Sure That The AI-generated Business Plan Is Good Enough?

While AI-powered tools can aid in generating a business plan, it is essential to ensure their quality. Here are a few tips to make sure that the AI business plan is good enough:

Combine AI with Human Expertise: AI tools can provide a great starting point, but they should not replace the human touch. Use the AI-generated plan as a foundation and then customize it according to your specific business needs and goals.

Review and Edit: Carefully review and edit the AI-generated plan to ensure accuracy and coherence. Ensure that the content aligns with your business objectives and provides a clear roadmap for success.

Market Research: Conduct your own market research to validate the information provided by the AI-generated plan. This will ensure that your business plan is based on up-to-date market trends and insights.

Seek Feedback: Share your AI business plan with trusted advisors, mentors, or potential investors to get their feedback. This will help you identify any areas that need improvement and ensure that your plan is compelling to potential stakeholders.

7 Important Parts Of An Effective Business Plan

A comprehensive business plan consists of several key components that provide a solid foundation for your business. These parts include:

1. Executive Summary

This section provides a brief overview of your business, highlighting its unique selling proposition and the goals you aim to achieve. The executive summary is the first thing that potential investors or partners will read, so it needs to grab their attention and make them want to learn more about your business. Keep it concise and compelling, focusing on the most important aspects of your business.

2. Company Description

Here, you provide a detailed description of your company, including its mission, vision, and values. This section is where you can showcase what makes your business unique and how it adds value to the market. Describe the problem that your business solves and explain how your product or service addresses that problem in a way that sets you apart from competitors.

3. Market Analysis

Conduct thorough research on your target market, including customer demographics, market trends, and competitors. This section helps you understand your target audience better and identify your competitive advantage. Describe who your ideal customer is, their needs and preferences, and how your business will meet those needs better than the competition. Highlight any market trends or changes that present opportunities for your business.

4. Business Strategy

Outline your business goals and the strategies you will implement to achieve them. This section should include your marketing strategies, target market description, and how you plan to attract and retain customers. Explain your marketing and sales approach, including any unique tactics or channels that will help you reach your target audience. Lay out your pricing strategy, distribution plan, and any partnerships or collaborations that will support your business goals.

5. Financial Projections

Present a well-detailed financial plan, including cash flow projections, revenue forecasts, and break-even analysis. This section is crucial for attracting potential investors and securing funding for your business. It demonstrates that you have a clear understanding of the financial aspects of your business and have thought through the potential revenue and expenses. Use realistic and conservative estimates, and explain your assumptions and methodologies.

6. Operational Plan

Describe the operational aspects of your business, including your production process, supply chain management, and any necessary licenses or permits. This section shows that you have a clear understanding of how your business will operate on a day-to-day basis. Outline the key operational activities and processes, including any equipment or technology needed to run the business efficiently. Address any potential challenges or risks and explain how you plan to mitigate them.

7. Conclusion

Summarize your business plan, highlighting the key details and emphasizing the potential for success. This section ties together all the components of your plan and leaves a lasting impression on potential investors. Reiterate your unique selling proposition, the market opportunity, and the competitive advantage of your business. End on a positive note, expressing your enthusiasm and confidence in the success of your business.

Remember, a well-crafted business plan is critical for attracting investors, securing funding, and guiding the future growth of your business. It should be a dynamic document that you revisit and revise as your business evolves. A comprehensive and effective business plan helps you stay focused and on track, while also providing a roadmap for achieving your goals.

Exploring AI Business Plan Generators

AI business plan generators, such as Copy.ai, Sinra AI, Bit.ai, and Notion AI, have revolutionized the way business plans are created. These AI-powered tools utilize advanced technologies like natural language processing and machine learning to produce written content tailored to your business needs. Let's take a closer look at a few popular AI business plan generators:

Copy AI is an AI-powered tool that enables businesses to create compelling and persuasive content. It offers a wide range of templates and suggestions for various business documents, including business plans. The tool provides step-by-step guidance, making it easy for non-technical users to create a well-structured and comprehensive business plan.

2. Sintra AI

Sintra AI presents an exclusive fusion of automation bots for business processes and an extensive library of AI prompts crafted to optimize sales workflows and elevate the quality of decision-making. Through Sintra AI, enterprises can effectively mechanize monotonous assignments like data input and client queries, and customize a business plan, thereby enabling sales teams to dedicate their efforts to tasks of greater strategic importance.

Bit AI is a simplified AI tool that helps you create collaborative documents, presentations, and business plans. It offers an easy-to-use interface and allows multiple users to collaborate in real time. With Bit.ai, you can create a strategic roadmap for your business, interlink business plan documents, and attract potential investors with visually appealing content.

4. Notion AI

Notion AI is an AI business plan generator that focuses on providing an organized and structured approach to business strategizing. It offers various templates for business plans and guides users through the process of creating a comprehensive plan. Notion AI also features financial forecasting tools, making it easier for businesses to create accurate projections and secure funding.

Using AI-powered tools for business plan generation can save time, effort, and even money. These tools automate the entire process, allowing you to focus on other critical aspects of your business. However, it is important to remember that AI is a tool, and human expertise is still necessary to ensure the quality and relevance of the generated plans.

Introducing Sintra AI: Your Key to Unlocking a Customizable AI-Generated Business Automation

In the world of business groundwork, finding an AI-powered solution that meets your unique needs can be a game-changer. That's where Sintra AI comes in. Sintra AI offers a customizable and intuitive platform that generates business automation solutions tailored specifically to your requirements.

We understand that every business is unique and requires personalized attention. With our user-friendly interface and powerful AI technology, Sintra AI simplifies the process of creating a comprehensive business plan that aligns with your goals and aspirations.

Whether you're a seasoned entrepreneur or a budding startup, integrating AI into your business planning is a game-changer. With AI's efficient data analysis capabilities, accurate financial projections, and personalized guidance, you can stay one step ahead of the competition and make data-driven decisions that drive your business forward. Embrace the power of AI and unlock the potential of your business with ease, confidence, and innovation.

Frequently Asked Questions

What is the best ai for writing a business plan.

While there are several AI tools available for writing business plans, choosing the "best" one depends on your specific needs and preferences. However, ChatGPT, with its interactive and user-friendly interface, is a popular choice. Its conversational approach and step-by-step guidance make it a valuable tool for creating comprehensive and customized business plans.

Is there an AI to check business ideas?

Yes, there are AI tools available that can help assess the viability of your business ideas. These tools utilize AI algorithms to analyze market data, trends, and competition to provide insights on the potential success of your business idea. While AI can provide valuable information, it's important to remember that human expertise and judgment are crucial in evaluating business ideas comprehensively.

How do AI-powered business planning tools save time?

AI-powered business plan generator tools like ChatGPT streamline the planning process and automate repetitive tasks. These tools can quickly generate sections of a business plan, such as market analysis or financial projections, based on the inputs provided. The time saved from manual data collection and analysis allows you to focus on refining your strategy and making informed decisions.

Can AI-generated business plans attract potential investors?

AI-generated business plan can certainly help attract potential investors. These plans leverage AI's capabilities to present comprehensive and data-driven strategies, showcasing the potential of your business. However, it's important to ensure that the AI-generated plan is personalized, well-researched, and aligned with the specific needs and interests of potential investors.

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The World’s Best AI Business Plan Generator

PlanPros’ AI-powered business plan generator is the absolute quickest and easiest way for you to create a professional business plan.

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“planspro has been an absolute game-changer for my company. the user-friendly system coupled with its ai technology made crafting our business plan a breeze…the exceptional quality of the final business plan exceeded my expectations.”.

Here’s a little bit about our team

• 25+ years of business planning experience
• Have helped over 1 million entrepreneurs and businesses create impressive business plans
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We are so confident you’ll love PlanPros that we give you the opportunity to try it absolutely free!

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I highly recommend PlanPros to any entrepreneur in need of a business plan.”

“ PlanPros is an incredible business plan generator. It transformed what was once a daunting task into a straightforward and quick process.

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The process is easy!

Our AI business plan maker asks you some quick and easy questions about your business.

The PlanPros AI business plan generator then writes your entire business plan, including the executive summary, market analysis, competitive analysis, complete 5-year financial projections and more.

Our AI-generated business plans are geared specifically to the needs of investors and lenders. Whether you need funding or not, our plans guide you to successfully grow your company!

Harness the power of AI for a smarter approach to planning

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Ready To Complete Your Business Plan? Get Started Now!

You ask, we answer.

Yes, we are so confident you’ll love PlanPros that we give you the opportunity to try it absolutely free! Just click any of the “Try it for free” buttons on this page. You’ll immediately be taken to the PlanPros business plan generator . There you’ll be able to quickly complete part of your business plan absolutely free. You’ll see just how simple it is to use, and how incredible the plan is that it creates for you.

Simply answer some questions about your business and PlanPros writes a comprehensive business plan for you. You can then edit your plan further if desired.

You will be able to complete and print out your professional business plan within minutes. That being said, we recommend reviewing and editing your plan…even with these additional steps, you should be able to complete your entire business plan within 1 hour of starting. 

We have different plans from which you can choose. See our  plans & pricing here .

Some sample questions include:

• Tell us briefly about your business?
• Which of the following promotional tactics might you want to use to attract new customers (click on relevant tactics from our comprehensive list)
• Briefly describe your background or provide us with your LinkedIn URL so our AI can write the management team section of your business plan.

We are so confident you’ll love PlanPros, that if you’re not fully satisfied with it, simply contact us via email, phone or online within the 30 days and we’ll gladly refund your money.

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The ultimate guide to writing a business plan with AI

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Writing a business plan can be daunting, but with Artificial Intelligence (AI), entrepreneurs can save time in drafting this critical document. This guide helps you employ AI prompts to draft a comprehensive business plan using ChatGPT or another AI chatbot of your choice. 

Imagine AI as your assistant, expediting the initial drafting phase and leaving you more time for refining your plan. After AI aids you, it is ultimately your unique insight and understanding of your business that adds the finishing touch.

Embrace the power of AI and get ready to revolutionize your business planning process!

Disclaimer: When using AI tools, avoid entering sensitive information and always review output for accuracy. Additionally, this content is for demonstration purposes only; it does not represent any affiliation, endorsement or sponsorship with the companies mentioned. All trademark rights belong to their respective owners. Third-party trademarks are used here for demonstrative and educational purposes only, use does not represent affiliation.

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Understand business plans and prepare your info

Before embarking on your plan, you’ll need to first be familiar with the components of a business plan: 

• Your executive summary
• Company description
• Market analysis
• Competitive analysis
• Sales and marketing plan
• Ownership and management plan
• Operating plan
• Financial plan

Compiling detailed information about these areas of your business beforehand will make it easier to for AI to draft your information into a business plan. Need some examples of business plans? Check out these business plan resources:

• How to write a business plan  
• Free business plan template
• Write your business plan - SBA

For this business plan guide, I broke the plan down into 10 sections. Once I had all the information compiled on the company that I was writing a business plan for, it took about 90 minutes to input the information and use the prompts to create a solid draft. I utilized GoDaddy's free template and pasted the output into the relevant sections, revising it into a final version.

Choose your AI assistant

For testing this article, I used ChatGPT as my AI assistant. You can use any AI chatbot that you find suitable for your needs. For more on how to get started check out:

• Getting Started with GPT  
• Getting started with Bard  
• Getting started with Bing  
• Prompting 101

Feeding information to AI

Start with a general overview of your business name, target market, product/service, and financial projections. Share this information with your chatbot:

I'm developing a business plan for my company, <company name>, a <industry> startup offering <product/service>. Please accept the below information about my company, I will ask you about it during this chat where you will help me build out a strong business plan. Here is the information on my business to draw from, I will ask you about it next when we write a business plan together: <copy and paste information on your business here>

Break down different sections

Breaking down the business plan into different sections and using prompts for each is an effective strategy. Your AI assistant can then generate drafts for each section, which can be reviewed and edited by you. The goal is to make draft writing faster with high quality, so you can focus on providing a stellar final product.

• Cut and paste these below prompts and fill in your information. 
• Chat back and forth and refine prompts until you get the results you’re looking for. 
• For each section, if you have more information, you may add more information to the bottom of your prompt by adding: … here is more information to draw from: <cut-n-paste information>

Looking for more prompt recommendations? Find more AI prompts in the GoDaddy AI prompt library .

Section 1: Executive summary and company description prompt

Embody the mindset of a successful entrepreneur and a seasoned business strategist to help guide my business planning process and write a compelling business plan. Given that my company, <company name>, operates in the <industry> sector and is targeting <specific market segment>, please write an enticing and concise executive summary. From the information you have, also create a company description including the problems your business solves, who it serves, competitive advantage, and strengths.

Note: Even though this opens the business plan , you may choose to do this as a step last, or again at the end again once you’ve expanded on the information in the other sections of the business plan .

Section 2: Products and/or services prompt

Channel the innovative mindset of a product or service developer and a successful entrepreneur to provide a comprehensive description of <product/service> offered by my company. Elucidate the unique benefits these offerings provide to our customers and illuminate the unique selling propositions that distinguish us from our competitors in the <industry>.

Section 3: Market analysis prompt

Assume the role of a market analyst and help me outline a comprehensive market analysis for my company, <company name>. Please include data on our target market, demographics, consumer behavior, growth prospects, and our position in the <industry>.

Section 4: Competitive analysis prompt

As a seasoned business strategist and successful entrepreneur, compile a concise competitive analysis for my venture, <insert company>, in the <industry>. Pinpoint our main competitors, evaluate their strengths and weaknesses relative to ours, and detail the advantage of three competitors in our sector, <insert business type>. Draft a compelling unique selling proposition for our <product or service> that accentuates our unique value.

Alternative prompt: SWOT analysis

Embodying the strategic insight of a seasoned business strategist, marketer, and entrepreneur, conduct a succinct but thorough SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis for my venture, <your company>, in the <industry>. This analysis should offer a well-rounded view of our strategic position, and guide us in leveraging strengths, addressing weaknesses, capitalizing on opportunities, and mitigating threats for enduring success in the <industry>.

Section 5: Marketing and sales plan prompt 

Channel the strategic insight a seasoned marketing and sales strategist and expert business strategist to create a thorough sales and marketing plan for my venture, <insert business type>, which offers <insert products and/or services>. Additionally, provide a detailed growth strategy to accelerate our progression in the market. Write this in the appropriate professional style to be included in my business plan.

Section 6: Value proposition prompt 

Assume the perspective of <company name’s> potential customer in the <target market>. Based on the offerings and strengths of my company, <company name>, what would you consider to be our unique selling proposition? Please write this in the appropriate professional style to be included in my business plan.

Section 7: Ownership and management plan prompt

As a business strategist, help me delineate the optimal structure, ownership, and management roles for my company, <company name>, a <business type> operating in <location or online>. Outline the specific responsibilities tied to each role, creating a well-defined, profitable ownership and management plan, written in a professional business plan style. <copy and paste roles, names, titles, bios, etc if you have them>

Section 8: Operating plan prompt

Embodying the insight of a seasoned entrepreneur, help craft an efficient operating plan for my venture, <insert business type>, based in <location or online>. Assist in outlining our physical or digital infrastructure, equipment, and supply chain. Also, guide in devising a risk management plan to buffer uncertainties in the <industry>, ensuring our <product/service> delivery is well-articulated in a business plan style.

Section 9: Financial projections and funding request prompt*

In the mindset of a seasoned financial analyst, help me craft a comprehensive financial overview and funding request for <company name>. Create detailed income statements, balance sheets, cash flow statements, and a <how many years> year sales forecast assuming an average growth rate and an average order value of $<amount>. Incorporate a break-even analysis for my <insert business type> factoring in a total cost per unit/job of $<amount> and combined annual fixed and variable costs of $<amount>. Describe any assumptions. Simultaneously, articulate our present and future funding requirements of $<amount>, how we plan to utilize these funds, and the type of funding we're seeking. Ensure a persuasive pitch to potential financiers to be included in our business plan.

*A detailed financial projection cannot be appropriately done within this medium however it can provide a general approach and outline. Do not input confidential nor highly sensitive information. Please consult with a financial advisor or business strategist to develop an accurate and robust financial model for your business.

Section 10: Appendix 

An optional section to provide additional supporting information such as patents, licenses, detailed market research data, or product pictures. You should compile this yourself to ensure all supporting documents relevant to your company are accurate.

Pulling it all together

Once you have detailed drafts for each section, it's time to perfect it. The goal of a business plan is to demonstrate a thorough understanding of your business, its market, and its path to success. As you compile this document, ensure that your passion and commitment to your business idea shines through!

Request recommendations

Once you have refined the draft, feed it all back into the AI like in the first section to give you an overview of your business plan and help you identify any inconsistencies or gaps, and create a mission, vision, and values statement. 

Please accept my revised business plan. Based on all the information provided, please embody a seasoned business strategist, and review my business plan. What did I miss and what other opportunities can you identify for my business to be highly successful and profitable? What additional suggestions or ideas do you have? <insert business plan, may have to be separated into a few chats> Please accept my revised business plan. Based on all the information provided, please embody a seasoned business strategist and expert marketing copywriter, and write a comprehensive summary, mission statement, vision, values, and value proposition for my company, <company name>. <insert business plan, may have to be separated into a few chats>

Condense your business plan to one page

Act as a team of extremely successful businesspersons in <industry> who have achieved repeated, great success. Using all the information that we discussed, write a 1-page comprehensive, concise detailed business plan for my business, <company name> in <city/state/country and/or online>. This plan should cover all essential elements such as executive summary, company description, market analysis, organization and management, service or product line, marketing and sales, funding request, financial projections, and all the topics that should be included in a business plan to ensure success. Thank you!

Using AI image generators to liven up your business plan 

From concept to content generation, AI image generators can deliver high-quality, unique images that can enhance your business. From visual ideation, product design, iteration, logo creation, graphic design, and stock-style images, these tools can save time, reduce costs, and infuse creativity into your business planning process. 

Related: How to effectively prompt for AI art and generative AI image creation

In the rapidly evolving business landscape, AI stands as an indispensable ally. It can help you generate a business plan that is comprehensive, accurate, and tailored to your business, saving you valuable time and effort. 

It is important to remember that it is a tool, not a substitute for human ingenuity and careful oversight. Writing a business plan with AI becomes faster and easier, leaving you with more time to focus on turning your business dreams into reality. Best wishes for much success! 

Editor’s Note: GoDaddy Airo , our AI-powered website solution, is another way that AI is helping people by taking you from idea to online in just a few minutes. Check it out yourself!

The 10 AI Prompts You Need to Write a Business Plan

Noah Parsons

25 min. read

Updated March 18, 2024

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

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

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

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

This is where AI’s potential is so revolutionary.

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

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

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

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

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

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

• Executive Summary

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

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

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

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Core Prompt:

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

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

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

Additional Prompt Elements:

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

Imagine you are starting a meal delivery service business:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The data they provide is often wrong.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Milestones are all about goals and accountability.

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

Core Prompt

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

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

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

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

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

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

Pitfalls: 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

1. You need to know your business

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

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

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

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

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

2. AI isn’t perfect

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

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

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

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

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

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

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

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The Best AI Business Plan Generator

Written by Dave Lavinsky

I’m excited to share with you my article below on the best AI business plan generator because this innovative new technology allows you to quickly and easily create a comprehensive business plan.

AI business plan generators allow you to more quickly and easily create a business plan to start and/or grow your company, but unfortunately, not all are created equally. Most will not help you create a compelling business plan, because they are not programmed properly. And most don’t include full financial projections, which are critical for raising funding.

Fortunately, PlanPros.ai is the exception. PlanPros was built by one of Growthink’s founders and leverages our experience writing thousands of business plans and helping hundreds of thousands of entrepreneurs write plans using our tools. You can test-drive PlanPros.ai for free here .

Below find more information about using AI to generate your plan.

What is an AI Business Plan Generator?

An AI business plan generator uses artificial intelligence to write a business plan.

Importantly, in order to accomplish this, the AI needs to understand:

• What key sections to include in your business plan
• What each section must convey

Unfortunately, the vast majority of business professionals and software developers don’t understand either of these.

Fortunately, we do. Why? Because we’ve been writing professional business plans and helping entrepreneurs, executives and business owners write plans for the past 25 years. And our detailed business plans have been viewed by tens of thousands of lenders, angel investors , venture capitalists and other funding sources. Importantly, we’ve collected feedback from these individuals to fully understand what should and what shouldn’t be included in your AI-generated business plan.

So, what should be included in your plan?

The business plan template below documents each section to include.

Key Sections Your Business Plan Must Include

Executive summary.

The executive summary of your formal business plan should give the reader an overview of your business concept and summarize each of the key sections of your plan.

You should start by concisely explaining your business idea and your business strategy .

If you have a compelling mission statement, include that here. Likewise, if your company name tells an interesting story, document that right away.

Particularly if the goal of your plan is to attract investors, you want to pull readers in so they become quickly excited about your venture. Clearly document your business ideas and business goals. And importantly, discuss the key problems that your business solves in the executive summary.

Company Overview

Here you will include a detailed company description. Document the history of your company. When was it formed? What type of entity are you (e.g., LLC vs. S Corp vs. C Corp, etc.). What accomplishments have you achieved to date?

Industry Analysis

The industry or market analysis section of your business plan shows readers that you really understand the market in which you’re competing.

Be sure to conduct market research from reputable sources that validate your business idea, business model and market opportunity. Make sure that industry trends support the viability of your venture.

Don’t skim on your market analysis, because fully understanding your industry is key to your success.

Customer Analysis

In this section, discuss your target market. Your target market description should detail the key types of customers you currently, or soon will, serve and the market size.

The more you can detail your target audience, the better and more cost-effectively you will be able to target them with your marketing.

Competitive Analysis

In the competitive analysis section of your business plan, you must identify your key competitors and discuss their strengths and weaknesses. Importantly, identify and document your competitive advantage. That is, how are you different from your competitors and why are you poised for long-term success based on these differences?

Marketing Plan

In this section you will detail the marketing strategies you will employ to attract and retain customers. Your marketing strategy should include the 4 P’s.

• Products and services : what products and services will you offer?
• Promotions : what promotional tactics or marketing tools will you use to attract customers?
• Price : how will you price your products and services? Will you be a low cost provider? A premium provider?
• Place : where will you be located and/or how can customers buy from you?

Operations Plan

In the operations part of your business plan, you will discuss the key operational processes your business must perform in order to succeed. Also, detail your growth strategy and milestones here. For example, in what month will you launch? When will you reach $X in sales? When will you hire your Xth employee?

Management Team

The management team section documents the key members of your team and key details explaining why your team is qualified to execute on the opportunity you have laid out.

Financial Plan

In this section, you will present your financial projections. These take the form of a projected or pro forma income statement , balance sheet and cash flow statement.

Your financial plan should detail your business goals from a financial forecasting perspective and show how you will achieve them.

Key to Successful AI Business Plan Generators

As discussed above, artificial intelligence is a great new technology to help businesses generate comprehensive business plans. Unlike traditional software platforms, AI tools allow you to work much faster and efficiently. For example, traditional business plan software cuts down the time to create your comprehensive plan from 100 hours to as little as 10 hours. But, now, AI business plan generators can help you complete your plan in just a few clicks saving you time.

But remember, while an AI tool can be used to create AI-generated business plans, or even a just a one page business plan, if the developer of the AI business plan generator tool isn’t intimately familiar with business knowledge, business planning and the needs of potential investors and lenders, you won’t generate the plan you need.

You are better off using paid business plan templates and/or a free business plan template developed by an expert, than using AI powered tools from someone or some firm without this expertise.

In summary, AI tools such as PlanPros.ai , with its user-friendly interface, can help you quickly and efficiently develop an AI business plan that helps you succeed. Such business plan generators allow you to focus on building your business more than performing the planning functions of writing and developing financial models.

Today’s modern business plan is similar to traditional plans, but fortunately you can now have a generated business plan that’s compelling and can help you raise funding and grow your company.

And, best of all, such software is just as effective for non technical users as it is for AI business experts.

When writing your business plan, and considering using business plan generators, consider the type of business you will be launching. For a traditional business business plan, such as one for a food truck, restaurant, clothing line or manufacturing company, AI tools are better suited than for new business types that AI tools are less versed in.

Regardless of your business type, make sure you intimately understand your target market. Your target audience is who will benefit from and will purchase your products and services. If your target market doesn’t resonate with your offerings, you can’t succeed. So, make sure, when developing your business plan, that you create the right product/market fit with your target market and include all the other key business plan elements discussed above.

Other Helpful Business Plan Articles & Templates

The best AI writing generators

These 7 ai writing tools will take your content to the next level..

Of course, all AI writing software needs human supervision to deliver the best results. Left to its own devices, it tends to produce fairly generic and frequently incorrect content, even if it can pass for something a human wrote. Now that AI tools are increasingly popular, people also seem more aware of what bland AI-produced content reads like and are likely to spot it—or at least be suspicious of content that feels like it lacks something.

I've been covering this kind of generative AI technology for almost a decade. Since AI is supposedly trying to take my job, I'm somewhat professionally interested in the whole situation. Still, I think I'm pretty safe for now. These AI writing tools are getting incredibly impressive, but you have to work with them, rather than just letting them spit out whatever they want.

So, if you're looking for an AI content generator that will help you write compelling copy, publish blog posts a lot quicker, and otherwise take some of the slow-paced typing out of writing, you've come to the right place. Let's dig in. 

The best AI writing software

Jasper for businesses

Copy.ai for copywriting

Anyword for assisting you with writing

Sudowrite for fiction

Writer for a non-GPT option

Writesonic for GPT-4 content

Rytr for an affordable AI writer

How do AI writing tools work?

Search Google for AI writing software, and you'll find dozens of different options, all with suspiciously similar features. There's a big reason for this: 95% of these AI writing tools use the same large language models (LLMs) as the back end.

Some of the bigger apps are also integrating their own fine-tuning or using other LLMs like Claude . But most are really just wrappers connected to OpenAI's GPT-3 and GPT-4 APIs, with a few extra features built on top—even if they try to hide it in their own marketing materials. If you wanted to, you could even create your own version of an AI writing assistant without code using Zapier's OpenAI integrations —that's how much these apps rely on GPT.

See how one writer created an AI writing coach with GPT and other ways you can use OpenAI with Zapier .

Now this isn't to say that none of these AI-powered writing apps are worth using. They all offer a much nicer workflow than ChatGPT or OpenAI's playground , both of which allow you to generate text with GPT as well. And the better apps allow you to set a "voice" or guidelines that apply to all the text you generate. But the difference between these apps isn't really in the quality of their output. With a few exceptions, you'll get very similar results from the same prompt no matter which app you use—even if they use different LLMs. Where the apps on this list stand out is in how easy they make it to integrate AI text generation into an actual workflow.

As for the underlying LLM models themselves, they work by taking a prompt from you, and then predicting what words will best follow on from your request, based on the data they were trained on. That training data includes books, articles, and other documents across all different topics, styles, and genres—and an unbelievable amount of content scraped from the open internet . Basically, LLMs were allowed to crunch through the sum total of human knowledge to form a deep learning neural network—a complex, many-layered, weighted algorithm modeled after the human brain. Yes, that's the kind of thing you have to do to create a computer program that generates bad poems . 

If you want to dive more into the specifics, check out the Zapier articles on natural language processing and how ChatGPT works . But suffice it to say: GPT and other large language models are incredibly powerful already—and because of that, these AI writing tools have a lot of potential. 

What makes the best AI text generator?

How we evaluate and test apps.

Our best apps roundups are written by humans who've spent much of their careers using, testing, and writing about software. Unless explicitly stated, we spend dozens of hours researching and testing apps, using each app as it's intended to be used and evaluating it against the criteria we set for the category. We're never paid for placement in our articles from any app or for links to any site—we value the trust readers put in us to offer authentic evaluations of the categories and apps we review. For more details on our process, read the full rundown of how we select apps to feature on the Zapier blog .

We know that most AI text generators rely on the various versions of GPT, and even those that don't are using very similar models, so most apps aren't going to stand out because of some dramatic difference in the quality of their output. Creating effective, human-like text is now table stakes. It was required for inclusion on this list—but not sufficient on its own.

As I was testing these apps, here's what else I was looking for:

Tools powered by GPT or a similar large language model with well-documented efficacy. In practice, this means that most but not all of the AI writing tools on this list use GPT to a greater or lesser degree. Many apps are starting to hide what models they use and claim to have a lot of secret sauce built on top (because there's a marketing advantage in being different and more powerful), but the reality is that nine times out of ten, it's the GPT API that's doing the heavy lifting.

An interface that gives you a lot of control over the text output. The more options you have to influence the tone, style, language, content, and everything else, the better. I didn't want tools where you just entered a headline and let the AI do the rest; these are all tools that you collaborate with, so you can write great copy quickly. The best AI writing tools also let you set a default brand voice that's always on.

Ease of use. You shouldn't have to fight to get the AI to do what you want. With AI writing software like this, there will always be some redoing and reshaping to get the exact output you want, but working with the AI shouldn't feel like wrangling a loose horse. Similarly, great help docs and good onboarding were both a major plus. 

Affordability. ChatGPT is currently free, and all these tools are built on top of an API that costs pennies . There was no hard and fast price limit, but the more expensive tools had to justify the extra expense with better features and a nicer app. After all, almost every app will produce pretty similar outputs regardless of what it costs. 

Apps that weren't designed to make spam content. Previous text-generating tools could " spin " content by changing words to synonyms so that unscrupulous website owners could rip off copyrighted material and generally create lots of low-quality, low-value content. None of that on this list.

Even with these criteria, I had more than 40 different AI writing tools to test. Remember: it's relatively easy for a skilled developer to build a wrapper around the GPT API, so I had to dig deep into each one to find out if it was any good or just had a flashy marketing site.

I tested each app by getting it to write a number of different short- and long-form bits of copy, but as expected, there were very few meaningful quality differences. Instead, it was the overall user experience, depth of features, and affordability that determined whether an app made this list. 

Zapier Chatbots lets you build custom AI chatbots and take action with built-in automation—no coding required. Try the writing assistant template to help you create high quality content, effortlessly.

The best AI writing generators at a glance

Best ai writing generator for businesses, jasper (web).

Jasper pros:

One of the most mature and feature-filled options on the list 

Integrates with Grammarly, Surfer, and its own AI art generator

Jasper cons:

Expensive given that all the apps use similar language models 

Jasper (formerly Jarvis) is one of the most feature-filled and powerful AI content generators. It was among the first wave of apps built on top of GPT, and its relative longevity means that it feels like a more mature tool than most of the other apps I tested. It's continued to grow and develop in the months since I first compiled this list.

If you have a business and budget isn't your primary concern, Jasper should be one of the first apps you try. It's pivoted to mostly focus on marketing campaigns rather than just generating generic AI content. That's not a bad thing, but it means that plans now start at $49/month for individual creators and $125/month for teams.

Jasper has also moved away from just being a GPT app. It claims to combine "several large language models" including GPT-4, Claude 2, and PaLM 2, so that "you get the highest quality outputs and superior uptime." While I can't say that I noticed a massive difference between Jasper's output and any other app's, it does give you a few solid controls so that your content matches your brand. 

You can create a brand Voice and Tone by uploading some appropriate sample text. Based on a few examples of my writing, Jasper created a style that "emphasizes a casual, conversational tone with humor, personal anecdotes, listicles, informal language, expertise in various subjects, and a call to action for an engaging and approachable brand voice." I don't think that's a bad summary of the content I fed in, and its output for a few test blog posts like "The Enduring Popularity of Top Gun" felt closer to my writing than when I asked it to use a generic casual tone of voice. Similarly, there's a Knowledge Base where you can add facts about your business and products so Jasper gets important details right. 

While other apps also offer similar features, Jasper's seemed to work better and are fully integrated with the rest of the app. For example, you can create entire marketing campaigns using your custom brand voice. Put a bit of work into fine-tuning it and uploading the right assets to your knowledge base, and I suspect that Jasper really could create some solid first drafts of marketing materials like blog outlines, social media campaign ads, and the like.

Otherwise, Jasper rounds things out with some nice integrations. It has a built-in ChatGPT competitor and AI art generator (though, again, lots of other apps have both), plays nice with the SEO app Surfer , and there's a browser extension to bring Jasper everywhere.

You can also connect Jasper to thousands of other apps using Zapier . Learn more about how to automate Jasper , or try one of the pre-built workflows below.

Create product descriptions in Jasper from new or updated Airtable records

Create Jasper blog posts from new changes to specific column values in monday.com and save the text in Google Docs documents

Run Jasper commands and send Slack channel messages with new pushed messages in Slack

Jasper pricing: Creator plan from $49/month with one brand voice and 50 knowledge assets. Teams plan starts at $125/month for three seats, three brand voices, and 150 knowledge assets.

Best AI writing app for AI copywriting

Copy.ai (web).

Copy.ai pros:

Has an affordable unlimited plan for high-volume users 

Workflow actively solicits your input, which can lead to higher quality content 

Copy.ai cons:

Expensive if you don't produce a lot of content

Pretty much anything Jasper can do, Copy.ai can do too. It has brand voices, an infobase, a chatbot, and team features (though there isn't a browser extension). Consider it the Burger King to Jasper's McDonalds.

And like the Home of the Whopper, Copy.ai appeals to slightly different tastes. While I could argue that Copy.ai has a nicer layout, the reality is it's geared toward a slightly different workflow. While Jasper lets you and the AI loose, Copy.ai slows things down a touch and encourages you to work with its chatbot or use a template that asks some deliberate, probing questions. For creating website copy, social media captions , product descriptions, and similarly specific things, it makes more sense. But for content marketing blog posts and other long-form content, it might annoy you.

The other big difference is the pricing. While both offer plans for $49/month, Copy.ai includes five user seats and unlimited brand voices. For a small team working with multiple brands, it can be a lot cheaper. Also, if you're looking for a free AI writing generator, Copy.ai also offers a free plan that includes 2,000 words per month.

Overall, there are more similarities than differences between Jasper and Copy.ai , and both can create almost all the same kinds of text. Even when it came to analyzing my voice, they both came to pretty similar conclusions. Copy.ai decided that, to mimic me, it had to "focus on creating content that is both educational and entertaining, using a conversational tone that makes readers feel like they're having a chat with a knowledgeable friend" and "not to be afraid to inject some humor or personal anecdotes." If you're in doubt, try them both out and then decide.

Copy.ai also integrates with Zapier , so you can do things like automatically sending content to your CMS or enriching leads straight from your CRM. Learn more about how to automate Copy. ai or try one of the pre-built workflows below.

Add new blog posts created with Copy.ai to Webflow

Enrich new Salesforce leads with Copy.ai

Copy.ai pricing: Free for 2,000 words per month; from $49/month for the Pro plan with 5 users and unlimited brand voices.

Best AI writing assistant

Anyword (web).

Anyword pros:

Makes it very easy for you to include specific details, SEO keywords, and other important information 

Engagement scores and other metrics are surprisingly accurate

Anyword cons:

Can be slower to use

Pretty expensive for a more limited set of features than some of the other apps on this list

While you can direct the AI to include certain details and mention specific facts for every app on this list, none make it as easy as Anyword. More than any of the others, the AI here feels like an eager and moderately competent underling that requires a bit of micromanaging (and can also try to mimic your writing style and brand voice), rather than a beast that you have to tame with arcane prompts. 

Take one of its main content-generating tools: the Blog Wizard. Like with Copy.ai, the setup process requires you to describe the blog post you want the AI to create and add any SEO keywords you want to target. Anyword then generates a range of titles for you to choose from, along with a predicted engagement score. 

Once you've chosen a title—or written your own—it generates a suggested outline. Approve it, and you get the option for it to create an entire ~2,000-word blog post (boo!) or a blank document where you can prompt it with additional instructions for each section of the outline, telling it things like what facts to mention, what style to take, and what details to cover. There's also a chatbot-like research sidebar that you can ask questions of and solicit input from. While certainly a slower process than most apps, it gives you a serious amount of control over the content you're creating.

Anyword is definitely aimed at marketers, and its other tools—like the Data-Driven Editor and the Website Targeted Message—all allow you to target your content toward specific audiences and give things engagement scores. While I certainly can't confirm the validity of any of these scores, they at least pass the sniff test. I generally thought the AI-generated content that Anyword scored higher was better—and even when I disagreed, I still liked one of the top options. 

Anyword pricing: Starter plan from $49/month for 1 user and 1 brand voice.

Best AI writing tool for writing fiction

Sudowrite (web).

Sudowrite pros:

The only AI tool on the list explicitly aimed at writing fiction 

Super fun to use if you've ever wanted to play around with fiction 

Sudowrite cons:

It's still an AI text generator, so it can produce nonsensical metaphors, clichéd plots, incoherent action, and has a short memory for details 

Very controversial in fiction writing circles

When I saw Sudowrite's marketing copy, I didn't think for a second it would make it onto this list. Then I tried it and…I kind of love it. Sudowrite is a totally different tool than all the others on this list because it's aimed at fiction writers. And with that, comes a lot of controversy. Sudowrite has been called " an insult to writers everywhere " and has been generally dismissed as a tool for hacks by a lot of Very Online writers. And while it's true that it's nowhere close to replacing a human author, it's fun, functional, and can genuinely help with writing a work of fiction. 

The Story Engine feature, which allows you to generate a full work of fiction over a few days by progressively generating each story beat, has attracted the most attention ( it works but takes lots of hand-holding and your novel will be weird ). But I prefer its assistive tools.

Let's start with Describe. Select a word or phrase, click Describe , and the AI will generate a few suggestions for the sight, smell, taste, sound, and touch of the thing, as well as a couple of metaphors. If you're the kind of writer who struggles to add sensory depth to your short stories, it can help you get into the habit of describing things in more interesting ways.

Then there's Brainstorm. It allows you to use the AI to generate possible dialogue options, character names and traits, plot points, places, and other details about your world from your descriptions and cues. If you know you want a big hairy guy with a huge sword but can't think of a good name, it can suggest a few, like Thorgrim and Bohart.

And these are just scratching the surface. Sure, if you over-rely on the AI to solve all your problems, you'll probably end up with an impressively generic story. But if you use it as a writing buddy to bounce ideas off and get you out of a rut, it's got serious potential. 

Best of all, Sudowrite is super easy to use. The onboarding, tool tips, and general helpful vibe of the app are something other developers could learn from. 

Sudowrite pricing: Hobby & Student plan from $19/month for 30,000 AI words/month. 

Best AI text generator for a non-GPT option

Writer (web).

Writer pros:

Not based on GPT, so free of a lot of the controversy surrounding LLMs

Surprisingly capable as an editor, making sure your team sticks to the style guide and doesn't make any wild claims

Writer cons:

Requires a lot more setup to get the most from

GPT comes with quite a lot of baggage. OpenAI has been less than transparent about exactly what data was used to create the various versions of GPT-3 and GPT-4, and it's facing various lawsuits over the use of copyrighted material in its training dataset. No one is really denying that protected materials— potentially from pirated databases —were used to train GPT; the question is just whether or not it falls under fair use. 

For most people, this is a nebulous situation filled with edge cases and gray areas. Realistically, it's going to be years before it's all sorted out, and even then, things will have moved on so far that the results of any lawsuit are likely to be redundant. But for businesses that want to use AI writing tools without controversy attached, GPT is a no-go—and will be for the foreseeable future. 

Which is where Writer comes in.

Feature-wise, Writer is much the same as any of my top picks. (Though creating a specific brand voice that's automatically used is an Enterprise-only feature; otherwise, you have to use a lot of checkboxes in the settings to set the tone.) Some features, like the chatbot, are a little less useful than they are in the GPT-powered apps, but really, they're not why you'd choose Writer.

Where it stands out is the transparency around its Palmyra LLM . For example, you can request and inspect a copy of its training dataset that's composed of data that is "distributed free of any copyright restrictions." Similarly, Palmyra's code and model weights (which determines its outputs) can be audited, it can be hosted on your own servers, and your data is kept secure and not used for training by default. As an AI-powered tool, it's as above board as it comes.

In addition to generating text, Writer can work as a company-specific Grammarly-like editor, keeping on top of legal compliance, ensuring you don't make any unsupported claims, and checking that everything matches your style guide—even when humans are writing the text. As someone who routinely has to follow style guides, this seems like an incredibly useful feature. I wasn't able to test it fully since I don't have a personal style guide to input, but Writer correctly fixed things based on all the rules that I set.

In side-by-side comparisons, Writer's text generations sometimes felt a little weaker than the ones from Jasper or Copy.ai, but I suspect a lot of that was down to how things were configured. Writer is designed as a tool for companies to set up and train with their own data, not run right out of the box. I'd guess my random blog posts were a poor test of how it should be used in the real world.

Writer also integrates with Zapier , so you can use Writer to create content directly from whatever apps you use most. Learn more about how to automate Writer , or take a look at these pre-made workflows.

Create new outlines or drafts in Writer based on briefs from Asana

Generate marketing content from project briefs in Trello

Writer pricing: Team from $18/user/month for up to 5 users; after that, it's an Enterprise plan.

Best AI text generator for GPT-4 content

Writesonic (web).

Writesonic pros:

Allows you to select what GPT model is used to generate text 

Generous free plan and affordable paid plans 

Writesonic cons:

A touch too focused on SEO content for my taste

While almost all the tools on this list use GPT, most are pretty vague about which particular version of it they use at any given time. This matters because the most basic version of the GPT-3.5 Turbo API costs $0.002/1K tokens (roughly 750 words), while GPT-4 starts at $0.06/1K tokens, and the most powerful version costs $0.12/1K tokens. All this suggests that most apps may not use GPT-4 in all circumstances, and instead probably rely on one of the more modest (though still great) GPT-3 models for most text generation. 

If having the latest and greatest AI model matters to you, Writesonic is the app for you. Writesonic doesn't hide what AI model it uses. It even allows you to choose between using GPT-3.5 and GPT-4, at least on Business plans. 

Whether the content you create will benefit from the extra power of GPT-4 or not depends. In my experience using GPT-4 through ChatGPT, the latest model is more accurate and, essentially, more sensible in how it responds. If you're churning out low-stakes copy variations for your product listings, you likely won't see much improvement. On the other hand, for long-form original blog posts, it could make a difference. Either way, the transparency in which model you're using at any given time is a huge bonus. 

Feature-wise, Writesonic is much the same as any of the other apps on this list, with a Google Docs-style editor, the option to set a brand voice, a few dozen copy templates, a chatbot, a browser extension, and Surfer integration. It's cool that you can set reference articles when you're generating a blog post, but it introduces the real possibility of inadvertent plagiarism if you aren't careful with how you use it. (Its most offbeat feature is a surprisingly solid AI-powered custom chatbot builder that's due to be spun out into its own app soon.) Overall, it's pretty nice to use and skews more toward SEO-optimized content marketing—but like with all the apps, you can use it to generate whatever you want.

Writesonic also integrates with Zapier , so you can send new copy to any of the other apps you use in your writing workflow. Learn more about how to automate Writesonic , or get started with one of these examples.

Create a Google Doc with new content from Writesonic

Generate product descriptions with Writesonic from spreadsheet rows in Google Sheets

Writesonic pricing: Free for 10,000 GPT-3.5 words per month; Business from $19/month for 200,000 Premium words or 33,333 GPT-4 words.

Best free AI writing generator (with affordable upgrades)

A solid free plan and a cheap high-volume plan (though Writesonic offers better value for an unlimited plan)

It includes a basic AI art generator as part of every plan 

The app is more basic than more expensive offerings

Unlimited plan isn't very competitive

Most of the apps on this list are aimed at professionals, businesses, and anyone else with a budget. The Jasper, Copy.ai, and Anyword plans I considered all started at $49/month. That isn't exactly a hobbyist-friendly sum of money, so if you want to explore AI text generators without spending as much, give Rytr a go.

There's a free plan that's good for 10,000 characters (around 2,500 words) per month, and it includes a lot of the features, like a plagiarism checker, and a few AI-generated images. The Saver plan starts at $9/month and allows you to generate 100,000 characters (around 25,000 words) per month. On that plan, you're also able to generate up to 20 images a month, which many other apps charge extra for. (There's also an unlimited plan for $29/month, but at that point, Writesonic is a better value.)

Feature-wise, there are some trade-offs. Rytr is a little less competent at generating long-form content without you guiding it through the process, and there are fewer templates for specific things. The interface also isn't as polished, and there isn't as much hand-holding to get you started. Still, as Rytr is using GPT like almost all the other apps on this list, you should be able to get it to produce substantially similar output.

Rytr Pricing: Free plan for 10,000 characters/month and lots of other features; Saver plan from $9/month for 100,000 characters; Unlimited plan from $29/month.

Other AI writing tools to consider

With so many AI text-generating tools out there, a few good ones worth considering didn't make this list, only because they didn't meet my initial criteria in some way. If none of the AI writers I chose fit the bill for you, here are a few other options worth looking into:

ChatGPT is surprisingly competent and fun to use. And best of all, it's free. ( Google Bard is a little less excellent on the content production side.) 

Wordtune and Grammarly are both great tools for editing and improving your own writing .  GrammarlyGO just isn't as flexible as my other picks.

Notion AI adds a powerful AI tool directly into Notion. If you already use Notion, it's worth checking out, but it's a lot to learn if you just want a text generator. (Same goes for AI within any other Notion alternative, like Coda AI .)

Surfer and Frase are both AI-powered SEO tools . They fell slightly out of scope for this list, but they can both help you optimize and improve your content—AI-generated or not. 

All of the apps on this list offer at the very least a free trial, so I'd suggest trying some of them out for a few minutes until you find the one that seems to work best with your workflow.

Related reading:

How to use OpenAI's GPT to spark content ideas

How to create an AI writing coach with GPT and Zapier

8 ways real businesses are using AI for content creation

How to detect AI-generated content

The best AI marketing tools

This article was originally published in April 2023. The most recent update was in September 2023.

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Harry Guinness

Harry Guinness is a writer and photographer from Dublin, Ireland. His writing has appeared in the New York Times, Lifehacker, the Irish Examiner, and How-To Geek. His photos have been published on hundreds of sites—mostly without his permission.

• Artificial intelligence (AI)
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How to Collaborate With AI to Write a Better Business Plan

Posted october 25, 2023 by noah parsons.

If you’re like most people, writing a business plan is a frustrating or intimidating hurdle. 

It’s the part of starting a business you’d rather skip in favor of more exciting things like working on your product or designing your logo. 

And, of course, AI tools like ChatGPT make it tempting to outsource the entire planning process to the robots. Click a button, generate a business plan, and move on to the next thing. 

Business planning is immensely valuable . It’s so much more than the document you end up with. It’s the process you go through – thinking about the details of your marketing strategy, who your best customers will be, your sales goals, and how you’ll build your business over time. 

Planning is a worthwhile and instructive process to help you build a better business.

And you don’t have to go it alone. AI can help .

Understanding the strengths and weaknesses of AI

The key word here is “help.” It’s not “AI can do it for you” or “AI can write your plan.” AI can help you write your plan. But it can’t – and shouldn’t – just write your entire plan for you. 

Here’s why:

• AI often gets things wrong and invents “facts.” As of fall 2023, AI tools aren’t reliable research companions.
• Especially if you’re doing something new, like inventing a new product or service, AI can’t understand how your product might resonate with your customer.
• Creativity is not AI’s strong point. You may get some new ideas from AI, but tools like ChatGPT are just regurgitating text they’ve seen elsewhere on the internet.

But AI is good at a lot of things:

• ChatGPT can transform lists of ideas into polished sentences and paragraphs.
• AI excels at summarizing research documents and can save you tons of time. AI never gets tired of reading reports.
• You may not be a professional business plan writer , but AI can make you look like one by polishing your writing and fixing grammatical mistakes.
• If you need to brainstorm, AI can be a great stand-in for a business partner to help generate good (and bad) ideas, stimulating your own creativity.

And you, the driving force behind your business, have unique capabilities that AI lacks:

• You’re creative and innovative, coming up with unique solutions and ideas to differentiate yourself from the competition.
• You have intuition about what your customer wants.
• You know your customers better than anyone.
• You know your business’s context, including any cultural nuances and market subtleties.

That’s why you need to work with AI on your business plan. 

The combination of unique human innovation and the workhorse power of AI is a dynamic mix for creating great business plans .

Best practices for incorporating human and AI input into your business plan

Here’s how you can collaborate with AI on key parts of your business plan:

Market research

• ChatGPT to brainstorm target market segments and summarize any market research reports you may have.
• Human input for nuanced insights on your target market and customer profile—plus fact-checking any research ChatGPT provides.

Marketing and sales strategy

• ChatGPT for brainstorming and listing possible tactics or channels .
• Human intuition for choosing the most effective strategies to differentiate your business from the competition .

Financial projections

• ChatGPT to help brainstorm potential revenue streams and list common expenses for businesses like yours.
• Human expertise to gather real-world expenses such as local rents, marketing costs, etc. And your expertise to make educated guesses about potential revenue. 

Executive summary

• ChatGPT to draft an initial summary of your complete plan once you’ve worked through all of the sections.
• Human input to revise ChatGPT’s initial draft of your plan summary to make the story more compelling and ensure that key points aren’t missed.

LivePlan’s AI plan writing features

Successful business planning with AI is about collaborating with the technology, not outsourcing all your work. Think of AI as another tool to help get the job done, not a complete solution.

That’s why we’ve integrated AI into LivePlan the way that we have. There is no “write my plan” button. 

Instead, AI is integrated as an assistant to help you transform your ideas into polished writing . Or, if you’ve written too much, LivePlan’s AI assistant can help you boil your thoughts down into concise bullet points. 

LivePlan’s AI won’t tell you exactly how much money you’ll make each month, but it will help you think about where your money will come from and how you should spend it.

Like spreadsheets and the internet, AI is a tool to help you become more efficient. It will help you learn more about your business and develop a better strategy faster than you could before.

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Noah Parsons

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AI for Businesses: Seven Case Studies and How You Can Use It

Updated: March 11, 2024

Published: August 31, 2023

Artificial intelligence has become an essential growth strategy for entrepreneurs. Almost 9 in 10 organizations believe AI will enable them to gain or sustain a competitive advantage — yet only 35% of companies currently leverage AI.

The majority of businesses leave the benefits of using AI — from optimizing research to streamlining operations — on the table. To stay competitive, entrepreneurs need to figure out how to integrate AI into their business strategy.

Table of contents:

What is AI for businesses?

What are the benefits of ai for businesses, ai for businesses case studies, ai for businesses tools.

AI for businesses involves integrating AI into a business’s strategy, mainly for tasks that require some level of human intelligence. Within a business, as examples, AI can:

• Convert speech to text for emails or memos
• Translate text for foreign markets
• Generate images from text for marketing purposes
• Solve problems, such as aggregating data to make data-driven decisions

For the most part, AI for businesses does not necessarily entail replacing a human worker with AI. Rather, professionals on all levels — from entry-level workers to C-suite executives — can use AI to improve their job performance.

“Across nearly every business function, we’re seeing AI make a major impact on business as usual,” explains Chief Content Officer at Marketing AI Institute Mark Kaput . Benefits of using AI in business include:

• Automating data-driven, repetitive tasks such as data entry
• Increasing revenue by making better predictions
• Enhancing customer experiences by providing more readily available support
• Driving growth by aggregating data and outputting highly targeted ads and marketing campaigns

Aside from more direct benefits, AI has also improved popular business tools. For example, Google Workspace uses AI to enable users to create automatic Google Docs summaries, generate text based on prompts, and more.

Additionally, as AI adoption increases (it doubled from 2017 to 2022), so does the need to leverage it to stay competitive. Almost 8 in 10 organizations believe incumbent competitors already use AI — not surprisingly since 73% of consumers are open to using AI if it makes their lives easier.

AI has been an impactful tool across different industries, from podcasts to fashion to health care.

1. Reduce time and resources needed to create podcast content

In Kaput’s content-creation business, his team leverages AI to decrease the time he spends on their weekly podcast by 75%. This involves using AI to create promotional campaign material (e.g., graphics, emails) alongside script writing.

Podcasts necessitate a human host ( most of the time ), but AI can help optimize the process of getting from idea to episode.

2. Optimize supply chain operations in the fashion industry

Retailers often deal with a significant amount of guesswork. For example, predicting what kind of clothing to stock typically requires historical data and educated guesses.

AI can streamline supply chain operations for retailers. These tools take in necessary data, such as prior inventory levels and sales performance, and predict future sales with greater accuracy.

Fast fashion retailers (e.g., H&M, Zara) have seen growths in revenue by leveraging predictive analytics driven by AI.

3. Speed up and improve accuracy of diagnoses

Physicians often use imaging as a tool to provide accurate patient diagnoses. However, images often show only one part of a larger story — requiring physicians to look into a patient’s medical history.

AI can help optimize this process. For example, at Hardin Memorial Health (HMH), doctors can use AI to bring up a summary of the patient’s medical history and highlight information relevant to the imaging.

For example, one radiologist at the hospital found a bone lesion in an image, which can have many different causes. However, AI sifted through the patient’s medical background and showed the physician the patient’s history of smoking, giving them a better idea for potential treatments.

4. Create professional videos within minutes

If your business plans on creating a video, they need to find a speaker, acquire a high-quality camera, set up a studio, and edit. This can take days to finalize, but AI has made it possible to create a professional video in less than fifteen minutes.

For instance, Synthesia offers tools that enable the creation of videos featuring 140+ realistic-looking avatars, 120+ language options, and high-quality voice-overs.

5. Provide robots with autonomous functions

AI also has many industrial applications. For instance, Built Robotics uses AI to create autonomous heavy machinery that can operate in difficult environments.

One of their robots works in solar piling, or the process of creating solid foundations to place solar panels on. This entails placing foundations on uneven terrain and working with very strict design parameters, which can take time when done manually. However, AI-driven robots can automate and speed up this process significantly.

6. Act as a personal confidant

Generative AI tools such as ChatGPT often output human-sounding text. After all, its learning comes primarily from what people post on the internet. Replika recognized the opportunity to capitalize on this potential human-adjacent relationship and launched their “AI companion who cares.”

Users can create an avatar, customize its likes and interests, and build a relationship with it. The avatar can hop on video calls and chat, interact with real-life environments via augmented reality (AR), and provide guidance to their human companions.

7. Generate mock websites in minutes

Creating a minimum viable product (MVP) often entails launching a simple website to collect user information. But not everyone can code a functional website. AI tools enable users to create mock websites without any coding skills.

For example, you can use Uizard, which outputs app, web, and user interface (UI) designs after receiving instructions in text. Users type in what kind of app or website they want with a few other design parameters. Then, Uizard gives them a design of what their idea would look like.

In this case, AI performs a number of functions, including converting screenshots to functional designs and creating UI designs via simple text. Without AI, these tasks would take hours of technical and graphical work. You can also use AI to supplement your site's content, such as by using it to create blog posts. 

Though you can dive headfirst into AI, Kaput recommends doing thorough research before adopting new AI tools. He advises business owners to first ask themselves the following questions about their tasks:

• Is the task data-driven?
• Does the task follow a standard set of steps?
• Is the task predictive?
• Is the task generative?

If you answer yes to any of these questions, you likely have a solid starting point to integrate AI into your business. Once you understand which tasks you can apply AI to, you can look into different tools that can improve and speed up different parts of your operations.

AI has most visibly impacted marketing, with image and text tools going viral on social media. Tools can help create graphics for social media, write articles, design logos, and more. Consider using the following tools to integrate AI into your marketing:

• LogoAi : Designs logos using AI
• ChatGPT : Provides powerful text in response to prompts
• DALL·E 2 : Creates unique images in response to prompts 
• LOVO : Converts text to natural-sounding speech

AI can aid in high-level thinking, such as devising a business plan or strategy. The following tools can help validate ideas, provide useful analysis, and summarize complex information:

• VenturusAI : Analyzes business ideas for strategic planning
• Zapier : Connects apps to automated workflows

AI can be used to replace repetitive, manual tasks. Using the following tools, you can increase your productivity, speed up research, and more:

• Jamie : Automatically takes notes and creates an executive summary with action items
• Tome : Creates AI-powered presentations
• Consensus : Provides answers using insights from evidence-based research papers

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The best AI chatbots: ChatGPT isn't the only one worth trying

Since the launch of ChatGPT , AI chatbots have been all of the rave because of their ability to do such a wide range of tasks which can help you with both your personal and work life. At your command, AI chatbots can write code , compose emails, draft a report,  generate art ,  write Excel formulas for you , and much more. 

However, because ChatGPT  reached worldwide recognition , competitors were motivated to make their own versions, and, as a result, there are so many options on the market to choose from with different strengths, use cases, difficulty levels, and other nuances.

Also: The best AI image generators: Tested and reviewed

For the last year and a half, I have taken a deep dive into the world of AI, testing as many AI tools as I could get my hands on--including dozens of AI chatbots. Using my findings, as well as those of other ZDNET AI experts, I put together a list of the best AI chatbots and AI writers on the market. 

The list details everything you need to know before choosing your next AI assistant, including what it's best for, pros, cons, cost, its large language model (LLM), and more. So whether you are entirely new to AI chatbots, or have used plenty before, this list should help you discover a new chatbot you haven't used before. 

What is the best AI chatbot right now?

Thanks to its sourcing abilities, free internet access, and advanced LLM model, Microsoft Copilot is my first choice for the best AI chatbot. Keep reading to see how its features compare to others like ChatGPT, You.com, and more. 

The best AI chatbots of 2024

Microsoft copilot, best ai chatbot overall.

• Access to the internet
• Links back to sources
• Uses OpenAI's most advanced LLM
• Grounded in Bing

Copilot f eatures:  OpenAI's most advanced LLM, GPT-4 Turbo | Has access to the internet | Works like a search engine with information on current events | Free

In February last year, Microsoft unveiled a new AI-improved Bing, now known as Copilot, which runs on GPT-4  Turbo, the newest version of OpenAI's language model systems. As of May 4 of last year, Copilot moved from limited preview to open preview, meaning that now everyone can access it for free.  

Also: What is Copilot (formerly Bing Chat)? Here's everything you need to know

When I use a chatbot, I typically reach for Copilot because I found that it solved two major issues with ChatGPT, including access to current events and linking back to the sources it retrieved its answer for free. It is also the only way to access OpenAI's most advanced LLM--GPT-4 Turbo--for free. 

Copilot is free to use and offers a series of other features that make it an attractive alternative, including multi-modal inputs, image generation within the chatbot, and a standalone app. 

Best original AI chatbot

• Writing skills
• STEM knowledge
• Conversational
• Not always available
• Not connected to the internet

ChatGPT features:  Uses OpenAI's GPT-3.5 or GPT-4 (if subscribed) | Can generate text, solve math problems, and code | Impressive conversation capabilities | Free to the public right now

ChatGPT is a conversational AI chatbot  by OpenAI that can produce text for you based on any prompt you input, generating emails, essays, poems, grocery lists, letters, and much more.

In addition to writing for you, ChatGPT can chat with you about simple or complex topics such as "What are colors?" or "What is the meaning of life?" If you want other technical assistance, ChatGPT is also proficient in STEM and can write and debug code , and even solve complex math equations. 

Also:  How to use ChatGPT

ChatGPT was released November 2022, and because of its  massive success , it became the blueprint for many other chatbots to enter the scene, with many being found on the list now. Therefore, if you are interested in AI chatbots, you'll likely want to try the original that began the craze -- ChatGPT. 

The downsides of the chatbot include that it is sometimes at capacity due to its immense popularity, doesn't have access to the internet, and has a knowledge cutoff. 

I still reach for ChatGPT as, despite its limitations, it is an incredibly capable chatbot. However, when I do, I make sure that my queries do not rely on the most recent information to be accurate. For example, some good use cases to use ChatGPT for are brainstorming text or coding.

Anthrophic's Claude

Best ai chatbot for summarizing documents.

• Upload document support
• Chat controls
• Light and dark mode
• Unclear usage cap
• Knowledge cutoff

Claude features:   Powered by Claude 3 model family | Accepts document uploads | Trained with information up to early 2023 |  Free

Anthropic launched its first AI assistant, Claude, in February 2023, and in less than a year, it has secured a spot as one of the best chatbots in the space. Like the other leading competitors, Anthropic can conversationally answer prompts with anything you need assistance with, including coding, math, writing, research, and more. 

Also: 4 things Claude AI can do that ChatGPT can't

Personally, the biggest advantage of this chatbot is that it can accept document uploads to help read, analyze, and summarize uploaded files. To upload a file, all I had to do was click on the paper clip icon next to the text box and click on the document I wanted to upload. Then, I was able to conversationally ask for the help I wanted with the document, including document summaries or clarifications on specific topics found within the document. 

Also: This free tool from Anthropic helps you create better prompts for your AI chatbot

Claude is in free open beta, and, as a result, has context window and daily message limits which can vary based on demand, so if you are looking to use the chatbot regularly, upgrading to Claude Pro may be a better option, as it offers at least five times the usage limits compared to the free version for $20 a month. 

Perplexity.ai

The best ai chatbot for prompt ideation.

• Links to sources
• Access to internet
• Paid subscription required for GPT-4 access
• some irrelevant suggestions

Perplexity AI features: OpenAI GPT-3.5 and GPT-4 for subscribers | Has access to the internet and current events | Provides prompt suggestions to get chats started | Free

Perplexity AI is a free AI chatbot that is connected to the internet, provides sources, and has a very enjoyable UI. As soon as you visit the site , using the chatbot is straightforward. All you have to do is type your prompt into the "ask anything" box to get started. The first time I ever visited this chatbot, I was able to get started within seconds.

On top of the text box, the chatbot states, "Where knowledge begins," and the title could not be more fitting. 

Also: ChatGPT vs. Microsoft Copilot vs. Gemini: Which is the best AI chatbot?

As soon as you click on the textbox, it has a series of suggested prompts which are all mostly rooted in news. It also has suggested prompts underneath the box on a variety of evergreen topics. All you have to do is click on any of the suggestions to learn more about the topic and chat about it. Additionally, Perplexity provides related topic questions you can click on to keep the conversation going. 

Because of the extensive prompts it gives users to try, this is a great chatbot for taking deep dives into topics that you wouldn't have necessarily thought of before, encouraging discovery and experimentation. I personally deep dove into a couple of random topics myself, including the history of birthday cakes, and I enjoyed every second of it. 

Other perks include that there is an app for both iOS and Android, allowing you to also tinker with the chatbot while you're on the go, footnotes are provided after every answer with sources you can visit and the answers nearly always include photos and graphics. 

Best AI chatbot for businesses and marketers

• 50 different writing templates
• Copyediting features
• Plagiarism checker
• Need a subscription to try

Jasper features:  Uses different LLMs, including GPT-4 | Summarizes texts and generates paragraphs and product descriptions | Checks for plagiarism and grammar | Starts at $39 per month with an annual subscription

Jasper is a tool exclusively meant for users who are looking to incorporate an AI chatbot into their workflow because there is no free plan, and you can't access the chatbot otherwise. For example, when I tried using it myself, I was met with dead ends unless I subscribed. The least expensive option, the Creator plan, is geared towards freelancers and solo-preneurs and is $49 a month. However, if you rely on an AI chatbot to generate copy for your business, the investment may be worth it. 

Also: ChatGPT vs. Copilot: Which AI chatbot is better for you?

With Jasper, you can input a prompt for what you want to be written, and it will write it for you, just like ChatGPT would. The major difference with Jasper is that it has an extensive amount of tools to produce better copy. Jasper can check for grammar and plagiarism and write in over 50 different templates, including blog posts, Twitter threads, video scripts, and more. It also offers SEO insights and can even remember your brand voice, facilitating the creation of copy. 

Whether you are an individual, small team, or larger business looking into optimizing your workflow, before you take the plunge, you can access a trial or demo. 

Best AI chatbot that functions as a search engine

• Readily available
• Source Citing
• Some answers stronger than others
• Subscription required for GPT-4 access

You.com features: GPT-4 with subscription | Lists sources for the text it generates | Unlike most other Chatbots, uses Google sources | Free

You.com (previously known as YouChat) is an AI assistant that functions similarly to the way a search engine would. Like Google, you can enter any question, or topic you'd like to learn information on, and immediately be met with real-time web results, in addition to a conversational response.  

For example, when I asked, "Can you share some pictures of adorable dog breeds?" the chatbot provided six different web links, as well as the seven different pictures it pulled from the web, a conversational answer and related news, as seen in the photo. 

The chatbot can also provide technical assistance, with answers to anything you input, including math, coding, translating, and writing prompts. A huge pro for this chatbot is that, because it lacks popularity, you can hop on at any time and ask away.  

Chatsonic by Writesonic

Best ai chatbot for article writers.

• Variety of use cases
• Need to sign-in
• A bit of a lag

Chatsonic features:   Powered by GPT-3.5. or GPT-4 depending on subscription | Aware of current events, whereas ChatGPT is trained up to 2021 | Extensive feature suite, including voice dictation and image generation | Starts at $12 per month

Chatsonic is a dependable AI chatbot, with a function as an AI writing tool. It functions much like ChatGPT, allowing users to input prompts for assistance on a variety of tasks. However, it includes the ability to web search, generate images, and access PDF assistance, which ChatGPT lacks. 

The Writesonic platform offers tools that are specifically meant to help generate stories, including Instant Article Writer, which generates an article from a single click; Article Rewriter, which rephrases existing content; and Article Writer 5, which generates articles using ranking competitors. 

Other tools that facilitate the creation of articles include SEO Checker and Optimizer, AI Editor, Content Rephraser, Paragraph Writer, and more. There is a free version, which gets you access to some of the features; however, there is a 50 generations per day limit. The monthly cost starts at $12 per month but goes all the way up to $250 per month depending on the number of words and amount of users needed.

Gemini (formerly Google Bard)

Best ai chatbot if you're a loyal google user.

• Access to Google
• Good text editing skills
• Can't help much with code

Gemini features:  Powered by a finetuned version of Gemini Pro | Includes a "Google it" feature | Generates clear text and images quickly | Free

Gemini is Google's conversational AI chatbot that functions the most similarly to Copilot, sourcing its answers from the web, providing footnotes, and even generating images within its chatbot. Since its initial release in March 2023, the chatbot has undergone several upgrades, with the latest version being the most optimized it has ever been. 

Also: What is Google's Gemini AI tool (formerly Bard)? Everything you need to know

The highlight of this chatbot is that it is rooted in Google technology, search engines, and applications, and if you are a loyal Google user, you will feel familiar with the chatbot's UI and its offerings. For example, unlike most of the chatbots on this list, Google does not use an LLM in the GPT series but instead uses a model made by Google. 

"Gemini is slowly becoming a full Google experience thanks to Extensions folding the wide range of Google applications into Gemini," said ZDNET writer Maria Diaz when reviewing the chatbot. "Gemini users can add extensions for Google Workspace, YouTube, Google Maps, Google Flights, and Google Hotels, giving them a more personalized and extensive experience."

If you subscribe to Google's new 'AI Premium Plan,' you not only get access to the most advanced Google models in Gemini, such as Ultra 1.0, but you also get access to Gemini for Workspace, previously known as  Duet AI,  which infuses Google's AI assistance throughout its productivity apps, including Gmail, Docs, Sheets, Slides, and Meet. 

Socratic by Google

Best ai chatbot for kids and students.

• Educational
• Easy to use
• Doesn't write text
• No desktop version

Socratic features:  From Google | Type in any question to generate a response | Includes fun graphics | Supports scanning worksheets to get a specially curated answer | Free

If you want your child to also take advantage of AI to lighten their workload, but still have some limits, Socratic is for you. With Socratic, children can type in any question they may have about what they are learning in school, and Socratic will generate a conversational, human-like response with fun, unique graphics to help break down the concept. 

"It's a powerful studying tool that could help students double-check their homework, or get across the last hurdle if a question or formula just isn't making sense. And using the app is as easy as using  Snapchat  or talking to Siri," said former ZDNET contributor Jason Cipriani, when reviewing the app. 

The app, available on the App Store and the Google App Store, also has a feature that lets your kid scan their worksheet to get a specially curated answer. The app does have some limitations; for example, it will not just write an essay or story when prompted. However, this could be a positive thing because it curbs your child's temptation to get a chatbot, like ChatGPT, to write their essay for them. 

HuggingChat

Best open-source chatbot.

• Cutomizable
• Intermediate/advanced skills requires
• Required to create an account

Socratic features:  Clean, Chat-GPT inspired interface | entirely customizable | great for developers or AI fanatics | secure alternative | Free

As seen by the list above, plenty of great chatbot options are on the market. However, if you are on the search for a chatbot that serves your use case specifically, you can always build an entirely customizable new one. HuggingChat is an open-source chatbot developed by Hugging Face that can be used as a regular chatbot or customized for your needs.  

Also :  Want to build your own AI chatbot? Say hello to open-source HuggingChat

As ZDNET's David Gewirtz unpacked in his hands-on article , you may not want to depend on HuggingChat as your go-to primary chatbot. However, it is a good interface to build your own chatbot on. As Gewirtz said himself: "If you want something that you control, you can use HuggingChat to build a chatbot where you have visibility into every aspect of its functioning. You can choose to make that chatbot available online to other users and provide transparency to all users."

What is the best AI chatbot?

The best overall AI chatbot is Copilot due to its exceptional performance, versatility, and free availability. It uses OpenAI's cutting-edge GPT-4 language model, making it highly proficient in various language tasks, including writing, summarization, translation, and conversation. Moreover, it works like a search engine with information on current events.

Another advantage of Copilot is its availability to the public at no cost. Despite its immense popularity, Copilot remains free, making it an incredible resource for students, writers, and professionals who need a reliable and free AI chatbot. 

Although there are occasional capacity blocks, OpenAI is working on releasing a professional version of ChatGPT that will be quicker and always accessible at a monthly cost.

Which AI chatbot is right for you?

While Copliot is my personal favorite, your use case may be hyper-specific or have certain demands. If you need a constant, reliable AI chatbot, other alternatives might be better suited for you. If you just want an AI chatbot that produces clean, reliable, business-ready copy, for example, then Jasper is for you. If you want to play around with an AI chatbot that isn't always at capacity, YouChat might be the best option. 

Lastly, if there is a child in your life, Socratic might be worth checking out. See our breakdown below:

Factors to consider when choosing a chatbot

Since there are so many chatbots on the market, picking the right one can get confusing. Some factors to consider to help narrow down those options are: 

• Large Language Model (LLM) 
• Knowledge cutoff 
• Access to the internet 
• Linking to sources 
• Best use cases 

How did I choose these AI chatbots?

In order to curate the list of best AI chatbots and AI writers, I looked at the capabilities of each individual program including the individual uses each program would excel at. As an AI reporter, I was also sure to test each one myself. Other factors I looked at were reliability, availability, and cost. 

• Individual use case: AI chatbots have many use cases, often acting as a tool for productivity and easier workflow. I included a variety that can serve as ideation, education, and content creation tools. 
• Reliability: I kept information accuracy a priority during my testing. 
• Availability : ChatGPT is popular, but not always available. I selected alternatives that don't have a user limit and are available at all times. 
• Cost: Many of these AI programs are free, but some require monthly memberships. I included a mix of both, keeping budget-friendliness in mind. 

What is an AI chatbot?

An AI chatbot (also called AI writer) refers to a type of artificial intelligence-powered program that is capable of generating written content from a user's input prompt. AI chatbots are capable of writing anything from a rap song to an essay upon a user's request. The extent of what each chatbot is specifically able to write about depends on its individual capabilities including whether it is connected to a search engine or not. 

How do AI chatbots work?

AI chatbots use language models to train the AI to produce human-like responses. Some are connected to the web and that is how they have up-to-date information, while others depend solely on the information they are trained with. 

How much do AI chatbots cost?

AI chatbot programs vary in cost with some being entirely free and others costing as much as $600 a month. Many like ChatGPT, Copilot, Gemini and YouChat are entirely free to use. 

What is the difference between an AI chatbot and an AI writer?

The main difference between an AI chatbot and an AI writer is the type of output they generate and their primary function.

In the past, an AI writer was used specifically to generate written content, such as articles, stories, or poetry, based on a given prompt or input. An AI writer's output is in the form of written text that mimics human-like language and structure. On the other hand, an AI chatbot is designed to conduct real-time conversations with users in text or voice-based interactions. The primary function of an AI chatbot is to answer questions, provide recommendations, or even perform simple tasks, and its output is in the form of text-based conversations.

While the terms AI chatbot and AI writer are now used interchangeably by some, the original distinction was that an AI writer was used for generating written content, while an AI chatbot was used for conversational purposes. However, with the introduction of more advanced AI technology, such as ChatGPT, the line between the two has become increasingly blurred. Some AI chatbots are now capable of generating text-based responses that mimic human-like language and structure, similar to an AI writer.

Read more about the best tools for your business and the right tools when building your business !

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