best ai for writing business plans

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9 Best AI Business Plan Generators (October 2024)

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Table Of Contents

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

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

1. Upmetrics

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

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

Key features of Upmetrics:

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

Visit Upmetrics →

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

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

Key features of Plus AI:

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

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

Read Review →

Visit Plus AI →

3. Storydoc

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

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

Key features of Storydoc:

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

Visit Storydoc →

4. 15minuteplan

15minuteplan

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

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

Key features of 15minuteplan:

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

Visit 15minuteplan →

5. Notion AI

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

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

Key features of Notion AI:

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

Visit Notion AI →

6. Beautiful AI

Beautiful AI

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

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

Key features of Beautiful AI:

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

Visit Beautiful AI →

7. Wordkraft AI

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

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

Key features of Wordkraft AI:

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

Visit Wordkraft AI →

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

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

Key features of Bit AI:

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

Visit Bit AI →

9. Simplified

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

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

Key features of Simplified:

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

Visit Simplified →

Creating the Best Business Plans with AI

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

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

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

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I Spent 15+ Hours Testing AI Business Plan Writers... Here Are the 8 “Best”

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18 min. read

Updated September 23, 2024

Is the future of business planning AI-powered? Or are tools that claim to automate plan writing just hype?

I spent around 15 hours testing some of the latest AI-powered business plan writers and generators to find out. 

Here is my experience (and rankings) for each tool, so you can skip all the testing and just start using the best AI business plan writing tools.

Testing methodology

For this task, I used the same starting prompt as often as possible—providing information about a small marketing and design agency I’ve been developing as a side hustle. 

Here’s what that prompt looked like:

I tried to keep my input short, allowing the AI features to do most of the work . I only added more details when prompted by each tool. 

Psst… if you’d rather listen to me talk about these tools instead of reading, check out this video!

Without further ado, here are my rankings for the best AI business plan writers available today.

1. LivePlan

LivePlan’s AI assistant stands apart from pure business plan generators. 

It benefits from being built into a leading business planning software platform. So, rather than forcing AI to do business planning, the AI elevates features that were already there.

*Full disclosure: I am associated with LivePlan, but this review is based on my hands-on experience building a plan for my own needs.

What I liked most was how LivePlan made me an active part of the planning process. 

The AI assistant guided me through each step, prompting me to think deeply about my business idea. I could input minimal details or go all in, and the output was always well-written and accurate.

Using the ‘Pitch’ feature (LivePlan’s version of a one-page plan ) is a perfect example. I typed a dozen words about my idea and used them to generate a headline, problem/solution statements, and even target market ideas. 

The AI Assistant then used this information to inform the rest of my plan. 

But unlike other tools that lock you into your choices, I could add more details for each section, fine-tuning the output even further.

I also loved the AI’s ability to rewrite and refine my notes—because it actually works. 

It improved my grammar and provided very specific tone adjustments that I could see being really valuable when preparing a plan for investors or a lender.

The AI-generated revenue and expense recommendations were also incredibly specific. I didn’t use every single one, but it brought up options I hadn’t considered, and I added them to my forecast with just a click. 

And it’s worth noting that the forecast feature is the closest thing you can get to a highly advanced spreadsheet. It presents your financials in a recognizable format, makes adding or removing line items incredibly easy, and includes connections with accounting software to simplify updating your information. 

These are the features that will make me return to LivePlan after I create my plan.

Lastly, I want to mention how well LivePlan’s features work together.

I could effortlessly switch between the one-page plan, my full business plan, and my financials. There’s even a new guided planning tour that walks you through everything. It’s more of a checklist, but I still found it helpful to understand what to prioritize.

Honestly, the fact that all of these feel like fully fleshed-out parts of the tool is a major plus. They’re not just added for the sake of it; they build upon each other, which is something some of the other tools on this list struggle with.

Key Takeaway: LivePlan’s AI is heavily integrated with the planning features and generates high-quality writing, but it still allows for your own input and customization.

While the AI features in the forecast are limited to revenue and expense recommendations, they’re far superior to other tools, and the LivePlan team is investing heavily in improving this area. 

Whether you need a quick plan or a dynamic tool for long-term management, LivePlan offers a comprehensive and user-friendly experience—even if the financials might feel a bit overwhelming for new business owners.

• • Allows for easy navigation between your one-page plan, traditional plan, guided creation, and financials.
• • The AI Assistant provides useful suggestions, generates high-quality writing, and adapts to your input.
• • Rewriting features offer precise tone and length adjustments.
• • Forecasting is built for long-term use. It’s built like an advanced spreadsheet with QuickBooks/Xero integration, real-time updates, and a dashboard for ongoing analysis.
• • Offers robust industry data and a library of sample business plans you can explore.
• • The guided tour isn’t as in-depth as other tools on this list.
• • Financial features may be too much for users who only want a written plan without financial forecasts.
• • The AI tool does require you to go through each business plan section to generate information.

LivePlan’s Standard and Premium tiers let you create a business plan, one-page pitch, and financial forecast. They both include AI writing tools and access to a library of sample business plans. 

Upgrade to Premium for advanced financial management features like industry benchmarks, performance dashboards, real-time cash flow forecasts, and QuickBooks/Xero syncing. 

Both tiers offer a 35-day money-back guarantee for risk-free testing.

• • Standard: $15/month (billed annually)
• • Premium: $30/month (billed annually)

I’ve used ChatGPT for broad variety of tasks over the last year (article outlines, custom filters for Google Analytics, spreadsheet clean-up, etc.), and I’m consistently impressed by its versatility. 

However, when it comes to writing a business plan, it’s not a plug-and-play solution.

If you ask it to simply write a business plan, you’ll get a basic outline of what to include. To be fair, this is a step up from earlier versions that might have attempted to write a generic plan.

Thankfully, people more experienced than myself have shared their process. So, I followed instructions from someone who has spent far more time testing than me, generated a plan , and used GPT’s outline as a starting point. 

While the output wasn’t bad, producing something usable required a strong understanding of my business idea. Specificity with my prompts was key, and I still needed to edit the results for accuracy and to reflect my unique voice.

GPT-4 (the paid option) does shine as an idea generator. When stuck on potential expenses, it produced a solid list, though it did overlook my preference for a lean approach (Rent an office space for a small service business in this economy?!).

Remember, never blindly trust AI-generated data and numbers—this goes for every tool. I had to do my own research to provide GPT with reliable sources for the market analysis and financial sections . 

And even then, I still need to put forecasts and budgets together using a separate tool, like a spreadsheet.

Key Takeaway: ChatGPT has surprising potential for business plan writing, but it’s not a substitute for a dedicated planning tool. You must understand your idea, guide the AI, and carefully edit the results. You’ll also have to convert the output into a written document and develop your financials separately. 

If you already use GPT for other things, it’s worth considering, but be prepared to invest more time and effort.

Note: I also tested Gemini and Claude. While Gemini’s writing was more natural, and Claude provided more recent information, GPT-4 was the most consistent for this specific use.

• • Capable of doing more than writing a business plan
• • Great for generating ideas or providing suggestions for improvement
• • Constantly improving the output quality
• • It takes a lot of fine-tuning and testing to get right
• • You can’t trust all of the information
• • You will need to heavily edit your plan
• • It won’t help you create useful financial statements
• • ChatGPT 3.5: Free
• • Plus: $20/Month
• • Team: $25/User/Month

3. Venture Planner

Venture Planner is my favorite fully AI-driven tool I tested. 

Unlike the AI-only tools at the end of this list, Venture Planner isn’t just a reskinned version of ChatGPT. 

The people behind it seem to understand why business planning can be difficult and integrated what I assume to be a more thoroughly trained AI into a step-by-step plan creator. 

The questions are thoughtful, the examples are helpful, and the generated text, while a bit wordy and generic, provides a solid base and encourages editing.

As for the downsides, while I really liked the guided experience, it was unfortunately very strict. You couldn’t jump between sections of your plan and had to complete it in a specific order. 

Sure, a business plan follows a pretty standard structure , but it’s helpful to work on sections out of order when writing. 

Venture Planner also lacks idea generation and rewrite features, meaning you just have to work with the tool’s original output.

So, even with AI assistance, it could be easy to get stuck if you don’t know everything about your business beforehand.

It also lacks advanced financial features and isn’t intended for ongoing management. The pricing tiers, with one focused on plan-building consultants, reinforce that impression. 

Key Takeaways: Venture Planner comes closest to fulfilling the promise of AI-driven plan generation. It’s not a magic shortcut (nor should it be), but it leverages AI effectively to guide you through the process. 

The rigid structure and lack of deeper financial tools make it ideal for first-time entrepreneurs who need a lot of guidance. For more seasoned business owners, it might be too limiting and won’t be useful beyond writing your initial plan.

• • Offers a simple and traditional business plan format.
• • Well-structured plan-building process.
• • Lacks AI rewriting features.
• • The plan building structure may be too strict for some business owners.
• • Lacks advanced forecasting features found in other tools.

The only difference between the two subscription options is that the Consultant tier allows you to create unlimited business plans. You can pay month-to-month, but the price is far more expensive. Opting for an annual subscription cuts the price by 50%.

• • Business: $14/month (Annual billing)
• • Consultant: $40/month (Annual billing)

4. IdeaBuddy

IdeaBuddy truly lives up to its name. 

Its features and guidance focus on helping you explore and develop your business idea —with the standout being the easy-to-follow Business Guide.

Unfortunately, the AI integrations are a mixed bag. Unlike LivePlan or Venture Planner, the “AI Buddy” comes off as a tacked-on feature instead of a built-in assistant. 

It simply isn’t a full business plan generator. It limits how often it can be used and requires you to copy and paste AI-generated information instead of just dropping it into the plan. 

It never truly felt like it was helping me write anything and was, instead, just an experimental feature. Other AI additions like ‘AI Tips’ didn’t improve that impression and only provided fairly generic ideas that would be better served as already present in-app guidance.

As for the other features, they’re useful, but honestly, they feel disconnected from each other. 

The whiteboard reminded me of a cleaner version of Microsoft Paint (which still has it’s uses ). The Validation tool, while interesting, can’t substitute talking to real people. The Idea Plan is basically their version of the Business Model Canvas .

The financials section was a bit more impressive, and I found it almost as easy as building an initial forecast in LivePlan. 

However, it lacks accounting software connections and isn’t built for ongoing use. Without an easy way to update the financial data, I expect revising the forecasts as actual results come in to be incredibly time-consuming.

Key Takeaways: IdeaBuddy is ideal for first-time entrepreneurs who need help getting their ideas off the ground. The Guided Plan feature provides the right structure and flexibility to help you build a plan without being held to a strict process. 

However, its other features and AI integration just aren’t as useful. Especially for long-term planning, it may be too simplistic and time-consuming to maintain.

• • Approachable and useful business planning guide.
• • Templates and ideation tools are unique and provide useful guidance.
• • AI features are fine-tuned and lead to decent output.
• • Doesn’t include a true AI-powered plan generator.
• • The business plan builder and financials are somewhat separated from the rest of the app.
• • The use of AI features is limited to a number of paid credits.
• • Notable lag and performance dips.

Prices will increase and decrease depending on the number of users. 

To access the plan builder, you must sign up for at least the Founder tier. Founder and Team Pro will provide access to the idea validator and whiteboard, and each higher tier will increase your total AI credits.

• • Trial: Free
• • Dreamer: $6/month (Annual billing)
• • Founder: $12/month (Annual billing)
• • Team Pro: $16/month (Annual billing)

5. UpMetrics

UpMetrics offers business plan creation, forecasting, a pitch deck creator, and strategic planning features—plus a library of business plan samples and a video-based planning course. 

Honestly, those last two features are very disappointing—both felt generic and surface-level (the videos may even be AI-generated). You’d likely be better off reading an article if you want more guidance. 

As you’ll see throughout the rest of my review, while the tool can do the job, it also feels undercooked at times.

The plan creation process was fast and immediately lets you use the AI feature. And UpMetrics automatically populates your plan outline with AI-generated text for each section.

But oddly, the AI only gives you suggestions for each part of your plan; it doesn’t let you add more information or regenerate the output. The information it populates your plan with is pretty generic—requiring heavy edits for accuracy and flow.

And don’t even bother trying the AI-powered rewrite feature; it basically gave me the same output every time and didn’t make any tone or length adjustments.

Sadly, the other creation tools felt underdeveloped. They almost seem like beta features that never got the same level of depth as the plan creator.

The forecast feature feels especially daunting when you just drop into a blank screen. 

Yeah, I was able to generate expense suggestions with the “Forecast With AI” feature. But the nested format it uses to display financials is so far removed from a financial statement that I just don’t understand how it could be usable. 

Key Takeaways: UpMetrics attempts to do a lot but falls short in execution. The experience feels simultaneously limiting and overwhelming. AI integration is everywhere but lacks the customization and output quality of other business planning tools.

This tool might work for someone who wants a highly customizable plan and who already has a detailed understanding of their business. However, if you need guidance, structure, and reliable AI assistance, you’re better off using other options or even a template.

• • You can quickly generate a business plan outline in just a few minutes.
• • Offers a greater depth of plan customization in a drag-and-drop format.
• • The forecast, pitch deck, and strategic planning features lack the quality of more dedicated tools.
• • AI output is not nearly as useful as other tools.
• • Too many navigation options overwhelm the plan builder.

You must sign up for the Premium tier to access the AI features. 

• • Starter: $7/Month (Annual billing)
• • Premium: $14/Month (Annual billing)

6. Venturekit

VentureKit aims to be a one-click business plan creator, generating a full draft from minimal input. 

While its writing is surprisingly good—contextual and less robotic than many competitors—the problem is it truly invented most of its information out of thin air.

This could mislead users into thinking their plan is comprehensive when it might be filled with unnecessary details. Some generated information, particularly the market research, is presented like actual data. 

But in reality, you can click into it and manually adjust it, meaning this information is more of a placeholder than industry-specific insights. 

Then there’s the separate AI consultant, which feels disconnected and generic, like a repackaged GPT instance embedded within the tool. Its questions might be helpful, but the prompts seem misaligned with the core tool’s purpose.

This highlights a deeper issue: VentureKit lacks in-app guidance and clear instructions. You are not told how to write a plan, which seems odd when most other tools are built around that capability.

While I appreciate the organized dashboard, the rest of the navigation feels clunky. The tool’s slow generation speeds and reliance on AI explanations instead of simple instructions add to that frustration. 

Key Takeaway: VentureKit showcases the potential and pitfalls of AI-driven plan generation. 

It can spark ideas, but its overreliance on AI, lack of guidance, and questionable information sources make it unreliable for creating a solid, actionable business plan. It has potential but needs more work to be worth the investment.

• • Clean and unique app design.
• • AI editor is effective and produces higher-quality writing.
• • Includes additional implementation sections outside of the core plan.
• • AI output uses very little personalized information.
• • No clear understanding of where information is sourced from.
• • Lacks instruction and guidance outside of AI information.

The free tier offers a limited preview of the plan builder and AI features. You must sign up for the Pro version to create a full plan and edit everything.

• • Basic: Free 
• • Pro: $19/Month

7. Grammarly

I’ve been using Grammarly for a long time, and it’s become an indispensable part of my writing process. It excels at catching errors, refining grammar, and improving overall clarity.

Their business plan generator, however, is underwhelming. It asks four broad questions about your business, nowhere near enough to generate a detailed plan.

Sadly, the output is limited to a webpage without integration into the full Grammarly editor.

It uses similar technology as the editor and appears to be a test for a fully generative feature, but it’s not something you can just use in Google Docs. However, you can copy the output and edit it elsewhere.

Key Takeaways: Grammarly’s Business Plan Generator doesn’t reflect the quality of its core product. It’s overly simplified, completely skips your financials, and leaves you with a generic mess of a plan. 

That said, if you’re writing a business plan, even the free version of Grammarly can be a huge asset. Sign up and use it as a writing assistant alongside a template to polish your ideas and create a professional-sounding final product.

• • Provides examples to assist your writing
• • Writing assistant integrates with Google Docs and Microsoft Word
• • Incredibly useful for editing and improving writing
• • The business plan generator is very limited
• • Requires you to have a good understanding of financials
• • It isn’t directly connected to the full Grammarly tool
• • Premium: $12/Month (Annual billing)
• • Business: $15/Month (Annual billing)

8. 15MinutePlan.AI

A lack of clear pricing and feature information makes 15MinutePlan.AI seem like a scam. Honestly, the end result didn’t change my opinion. 

While the survey-style plan creation process was refreshing, the end result was a poorly formatted, paywalled document.

Despite collecting a fair amount of information with roughly 30 questions, the plan generation was disappointing. I couldn’t provide as detailed of a business description as other tools, and the AI suggestions for the target market and products/services were generic and repetitive. 

So, I ended up doing more work and got worse results.

Okay, the last thing worth mentioning is the financials. To be clear, it is not a great tool for generating useful financial statements and forecasts, but I do want to credit it for attempting to simplify the starting information.

It at least made me think about the connection between my revenue and expenses, despite not allowing me to break them down into more specific line items. 

Key Takeaways: 15MinutePlan.AI has a promising survey-based planning concept that makes writing a business plan more approachable. 

Sadly, the tool doesn’t take advantage of all the information it collects. The broken formatting, low-quality AI writing, and high cost to even view the full plan make it a bad investment. You’ll get better results with ChatGPT and a solid tutorial .

• • The builder walkthrough is quick and simple.
• • It attempts to simplify starting financial information.
• • One-time cost.
• • Output quality tends to be lesser than other AI tools
• • It doesn’t follow a traditional business plan format.
• • You need to know a lot of business information up front.

15MinutePlan.AI offers one-time payment options for the plans it generates. The starter option limits the number of plans you can generate and how many users can access. Going for Professional will expand what the tool generates and use GPT-4 to improve the output quality.

• • Starter: $99
• • Professional: $139

A quick note about other AI tools

To be fully transparent, I originally had Copy.Ai, Simplified, and Bizway on this list since they ‘offered’ business plan templates. 

However, after exploring the tools, I dropped them because I found that the templates were not a focus and, in some cases, no longer existed.

These may be useful AI tools, but they are not focused on helping you write a business plan and should only be considered if you have other use cases in mind.

Can AI really write a business plan?

No AI tool can replace the process of actively working through your business plan on your own. The best tools guide and support you , not replace you.

AI can generate content and ideas, but the details, creativity, and critical thinking you bring are what make a plan valuable. The more information you provide , the better the AI output will be.

So, don’t trust any tool to do all the work for you. By staying in the driver’s seat, you’ll ultimately have a stronger plan and better understand your business.

Not ready to invest in a tool? Download our free business plan template instead. It offers a structured framework to guide you through the planning process – no AI required.

Like this post? Share with a friend!

Kody currently works as the Inbound and Content Marketing Specialist at Palo Alto Software and runs editorial for both LivePlan and Bplans, working with various freelance specialists and in-house writers. A graduate of the University of Oregon, he specializes in SEO research, content writing, and branding.

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8 Features That Make an AI Business Plan Generator Worth It

Artificial Intelligence

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

Written by: Olujinmi Oluwatoni

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

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

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

However, with the abundance of AI tools on the market, choosing the best option that suits your business planning needs can be overwhelming. If you’re on the hunt for the best free AI business plan generator, you’re in the right place.

Luckily, we've conducted thorough research to simplify your decision-making process. In this article, we will present the top 14 AI business plan generators in 2024, comparing their features, pros, cons and pricing to help you make an informed choice.

Table of Contents

• Beautiful.ai
• 15MinutePlan

Visme’s AI-Powered Tools

Ai business plan generators faqs.

*Disclaimer: The comparisons and competitor ratings presented in this article are based on features available as of Aug 01, 2024. We conduct thorough research and draw on both first-hand experience and reputable sources to provide reliable insights. However, as tools and technologies evolve, we recommend readers verify details and consider additional research to ensure the information meets their specific needs.

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

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

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

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

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

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

Smooth Interface and Intuitive Editor

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

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

Extensive Template Library

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

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

Graphic Asset, Video and Audio Library

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

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

AI-Powered Features/Tools

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

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

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

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

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

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

Vast Collection of Design Elements

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

Interactivity and Animation

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

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

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

Data Visualization Tools

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

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

Seamless Collaboration with Team Members

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

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

Third-Party Integration With Other Tools

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

Share, Publish And Download

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

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

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

Comprehensive Analytics

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

Desktop or Cloud

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

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

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

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

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

2. Upmetrics

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

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

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

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

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

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

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

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

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

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

Bit is an AI-powered document collaboration platform that helps you create, collaborate and organize ideas for your business plan. With a user-friendly interface and intelligent features like AI Genius writer, smart templates, real-time editing and 100+ integrations, Bit is an excellent tool for teams working on business plans and other strategic documents.

• Smart document creation that incorporates text, images, videos, embeds and code blocks with syntax highlighting
• AI Genius writing assistant to create content, conduct research and generate custom templates
• Wiki functionality lets you convert documents into wikis with subpage hierarchies
• Version control to automatically save and revert document versions
• Real-time collaboration
• Integration with 100+ apps
• User-friendly interface
• Versatile content creation supporting various media types
• Enhanced collaboration with real-time editing
• AI assistance to boost productivity and writing efficiency
• Users may find it overwhelming for simple tasks
• Learning curve for advanced features
• Advanced features like the AI writing assistant incur additional costs, which could be a consideration for budget-conscious users

You can get started with Bit.ai for free without any credit card requirements. The paid plans include:

• Pro: $8/month
• Business: $15/month

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

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

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

Taskade has a free plan and the following paid plans:

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

6. Notion AI

Notion is an online productivity tool that gives you a single space to write, think and organize all your thoughts, ideas and projects. You can create notes, tables, calendars, documents, wikis and even websites.

Notion AI is a recent addition to their main product. This feature is kind of like an assistant that can help you find information quickly, answer questions, autofill tables, brainstorm and write AI-generated drafts for almost anything—including business plans.

You can send the AI specific prompts and it will create a structured business plan for you in seconds. You can also use Notion’s business plan template , which comes with pre-defined sections, and use Notion AI’s help to flesh out the content for each section.

• Ask questions to quickly retrieve information within your Notion workspace
• Create and autofill tables based on prompts
• Write drafts, edit and translate text
• Convert data into actionable insights and summaries
• Ensure data privacy with encryption and GDPR compliance
• Easy to use and beginner-friendly
• Integrates seamlessly with your existing Notion workspace
• Real-time collaboration means you can work with your team
• No design features for creating print-ready business plan documents
• Comes at an added cost
• AI-generated content might lack creativity
• Notion AI is free for all Notion users with usage limits
• The Notion AI add-on with unlimited usage starts at $8/member/month

7. Sincode AI

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

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

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

SinCode AI has two monthly subscription plans:

• Starter plan: $20/month

8. Grammarly

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

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

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

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

9. LivePlan

LivePlan is a cloud-based business plan software that combines powerful AI tools with traditional planning features. It has helped over a million business owners build better businesses thanks to its AI writing assistant, built-in business plan templates, financial modeling, performance tracking and integration capabilities with QuickBooks & Xero.

• AI-powered content generation
• 550+ built-in sample business plans for inspiration
• Interactive financial forecasting
• Performance dashboards for tracking metrics
• One-page pitch builder
• Robust tools for business planning and financial forecasting
• Industry-specific business plan templates
• Integration with popular accounting software like QuickBooks and Xero
• Limited offline functionality; requires internet connection for most features

LivePlan doesn’t offer a free plan but has a 35-day money-back guarantee on all its paid plans. The plans are as follows:

• Standard: $15/month
• Premium: $30/month

10. Simplified

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

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

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

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

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

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

Graphic Design

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

11. Beautiful.ai

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

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

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

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

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

12. ChatGPT

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

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

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

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

Even though ChatGPT has a free plan, there is still a paid subscription to gain access to more features. The paid plans include:

• Plus: $20/month
• Team: $25/person/month

13. 15MinutePlan

Whether you’re looking to secure funding from a private investor, acquire a bank loan or design a business plan for self-learning, 15MinutePlan is a great option. Answer a few simple questions about your business idea, and in under 15 minutes the platform will generate a customized plan, complete with market analysis and financial projections.

• AI-powered plan creation based on the latest market trends and best practices using GPT-3.5 and GPT-4
• Multilingual support
• SBA-approved templates
• “Talk To Plan” functionality allows users to dictate changes or additions
• Quick plan generation
• Simple, form-based input process with a user-friendly interface
• Supports multiple languages including Spanish, Italian, Arabic and Japanese
• Relies heavily on user input for accuracy
• Not suitable for seeking large investments

15MinutePlan doesn’t offer a free plan. You can access their paid plans for a one-time fee:

• Starter: $69
• Professional: $99

14. Cookup AI

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

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

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

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

Cookup AI is free for users.

Q. Can AI create a business plan?

Modern AI tools are more than capable of creating a business plan. They can generate content from scratch, conduct market analysis, create financial projections and even suggest marketing strategies based on user inputs.

Q. Is there a free AI business plan generator?

There are several AI business plan generators that offer basic plans at no cost, while others provide free trials. One such platform is Visme, which is more than a business plan generator.

It's a content creation powerhouse with advanced AI features that can help you create engaging presentations, interactive infographics and other visual assets essential for a compelling business plan.

Q. How to start a business with AI?

There are several ways to start a business with AI:

• Generate business plans to secure funding
• Identify market needs and product ideas
• Create and test AI-driven prototypes
• Use AI for data analysis

Q. Can ChatGPT generate a business plan?

While ChatGPT isn’t a dedicated business plan generator, it can still help you generate portions of a business plan, such as conducting market analysis, brainstorming marketing strategies, creating financial projections, drafting content and more.

Q. What is the best free AI tool for business?

The best free AI tool for business depends on your specific needs. For example, Visme is great at visual content creation and business planning, HubSpot offers AI-powered CRM and marketing tools, Loom uses AI to improve video messaging and Trello incorporates AI for task management and workflow optimization.

Q. What AI generator does everyone use?

There isn’t a single AI generator that everyone uses. Many people use ChatGPT for text generation because of its versatility and ease of use, DALL-E for image creation and Visme for all their visual content needs, including business plans, presentations and infographics.

Q. Does Google have an AI generator?

Yes, Google offers AI tools like Vertex AI for machine learning model development and Google AI for AI research and applications.

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

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

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

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

Work Smarter with Visme’s AI Tools

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

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

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

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

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

Sign up to start creating professional business plans with Visme.

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About the Author

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

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Best AI for Writing a Business Plan

Written by Dave Lavinsky

Ever feel like writing a business plan is tantamount to wading through molasses uphill? You are not alone. Writing a winning business plan, after all, involves fitting strategic thinking together with market research and financial projections – a prospect that is daunting even to the most seasoned entrepreneur. What if there was a secret weapon that could cut through the complexity and unleash your inner business rockstar? Welcome to the world of AI tools, where the task of writing a business plan just got a bit easier.

These AI business plan generators can act as your personal writing assistant. No more staring at a blank page, wracking your brain over what to write. AI streamlines that process, generating professional business plans that help you showcase your vision and secure the funding you deserve. But among the ever-expanding list of AI possibilities, which one stands above the rest? We’ve done the research to identify the top contenders, and we go deep to uncover each of their strengths and weaknesses, so you can choose the perfect fit for your dream venture.

1. PlanPros.ai

PlanPros.ai ranks as the most superior AI-powered tool for writing a professional business plan, offering a powerful combination of speed, strategic planning, and investor-friendly features. Here’s why it surpasses the competition:

• Lightning-Fast Creation: PlanPros.ai boasts the quickest turnaround, generating a comprehensive plan in just 12 minutes. No more spending hours researching and writing.
• Simplified Process: Answer straightforward questions about your business, and the AI handles the rest, creating sections like the executive summary, market analysis, and financial projections.
• AI-Driven Insights: PlanPros.ai goes beyond simply filling in a business plan template. The AI analyzes your inputs and helps refine your business goals, operations, and marketing strategies for long-term success.
• Investor-Focused Format: The business plans are specifically tailored to attract investors and lenders, giving you a strategic edge when seeking funding.
• Extensive Industry Coverage: PlanPros.ai has experience crafting business plans for over 1,000 business types, ensuring a perfect fit for your venture. They offer several sample business plans that were crafted using their AI business plan generator.
• Proven Track Record: The PlanPros.ai team has over 25 years of experience in the business planning space and has helped clients raise over $5 billion for their businesses.

PlanPros.ai empowers you to ditch the time-consuming research and writing, and instead focus on building your business while presenting a strategically sound plan to potential investors.

Free Trial: Yes

Plan Options: Starter ($15/month) and Professional ($27/month)

Billing Frequency: Annual billing

2. BizPlanner.ai

BizPlanner.ai probably isn’t the greatest business planning tool out there, but it does have some pretty cool AI features which could make your planning process easier. Here’s why this tool might work well for you:

• Fast and Efficient: Generate a customized plan in under 15 minutes. Perfect for those short on time or overwhelmed by the process.
• Comprehensive Coverage: Build a complete plan with sections covering everything from your Executive Summary to Financial Projections. No need to worry about missing key elements.
• User-Friendly Editing: Edit and format your plan directly in your browser with a familiar interface.
• Export Options: Share your business plan seamlessly with investors or collaborators by exporting it to PDF or Word format.

However, BizPlanner.ai does have some limitations to consider:

• Limited Creativity: While helpful, BizPlanner.ai might not generate highly innovative or out-of-the-box ideas.
• Potential Bias: Like any AI tool, it can inherit biases from its training data. Be mindful of this and ensure your AI-generated business plan reflects your unique vision.
• Human Input Still Needed: Don’t expect a magic solution. BizPlanner.ai needs your oversight and expertise to ensure accuracy and relevance.

BizPlanner.ai offers a valuable AI-powered tool for building professional business plans quickly and efficiently. However, be aware of its limitations and plan to inject your own creativity and expertise for a truly complete business plan.

Free Trial: No

Plan Options: 1 business plan (30,000 AI words); Additional AI words: 50,000 AI words for $7.99 and 100,000 AI words for $9.99

Billing Frequency: One-time billing with additional add-ons

3. LivePlan’s AI-Powered Assistant

While LivePlan’s AI-powered assistant may not be the absolute best AI tool for writing a professional business plan, it certainly ranks among the top contenders. Its robust features, coupled with its ability to provide guidance and support throughout the business plan creation process, make it a compelling choice for entrepreneurs and small business owners.

One of the most significant advantages of LivePlan’s AI assistant is its ability to automate many of the time-consuming tasks involved in creating a business plan. The tool can generate content for various sections, suggest relevant forecast categories, and even improve your writing style. This not only saves time but also ensures that your business plan is well-structured and professional.

Here’s a breakdown of some of the key features that set LivePlan apart:

• Automated content generation: The AI writing assistance can generate content for different sections of your business plan, helping you overcome writer’s block and ensuring that your plan is comprehensive.
• Writing improvement: The tool can help you improve your writing style, grammar, and spelling, ensuring that your plan is polished and professional.
• Financial planning suggestions: LivePlan can suggest relevant categories based on your business, making it easier to create realistic financial forecasts. Users must subscribe to the Premium plan for this feature.
• Comprehensive business planning: LivePlan is more than just an AI tool; it’s a full-fledged business planning system that can help you plan, fund, and grow your business.
• Expert support: LivePlan offers a variety of resources, including video tutorials, webinars, and expert support, to help you navigate the planning process.

While LivePlan offers numerous benefits, it’s important to note that it’s not without its limitations. Some users may find the integration with accounting software to be restrictive, as it only supports Xero and QuickBooks. Additionally, customizing reports and dealing with certain areas, such as payroll and fixed assets, can be challenging.

Despite these drawbacks, LivePlan’s AI-powered assistant remains a valuable tool for entrepreneurs looking to create a professional and comprehensive business plan. Its ability to automate tasks, provide guidance, and support the entire planning process makes it a strong contender in the competitive landscape of AI writing tools.

Plan Options: Standard ($20/month) and Premium ($29/month)

PlanPros.ai: Unleash Your Inner Business Rockstar

It takes a lot of effort to develop an actionable business plan. PlanPros.ai cuts through the complexity by including super-fast AI to generate a professional business plan in just 12 minutes. However, we have more to offer other than speed.

PlanPros.ai goes beyond mere business plan templates to offer AI-driven insights that would enable you to fine-tune your strategy, making your business plan investor-ready. Rest assured, from our exhaustive library, there will always be a perfect match for your industry. We at PlanPros.ai have time and again played a significant role in helping our clients raise more than $5 billion.

Let research and writing not consume precious time that is due for building your business. Let PlanPros.ai paint as clear a picture of your vision for investors as possible. Feel the difference today for free!

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