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Funding ready business plan, executive summary, company overview.

Problem Statement

Business Description

Mission Statement

Business Model

Products and Services

Additional Features

Revenue Model

Market Analysis

Target Market

Market Size and Segments

Unique Value Proposition

Risks and Mitigations

Identified Risks

Mitigation Strategies

Financial Overview

Income Statement

Marketing and Sales Plan

Focus On Your Vision

Key features & benefits, ai editing companion.

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

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

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

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

Plan Samples

Explore a library of sample business plans we generated to get the idea of what to expect. Currently able to generate viable plans for 50+ industries.

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

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

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

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PLANNIT BUSINESS ECOSYSTEM

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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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.

Build your Business Plan Faster

with step-by-step Guidance & AI Assistance.

Frequently Asked Questions

Which ai can write a business plan.

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

Wordkraft AI

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

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

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

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

How do AI business plan generators work?

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

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

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

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

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

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

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

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

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

About the Author

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

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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.

Gerrard + Bizway AI Assistant

Start automating your business growth, today⚡

Create your first AI assistant & project in minutes.⚡

Bizway is brought to you by Landmark Labs Ltd.

AI Business Plan Generator

Create comprehensive business plans with ai.

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

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

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

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

Ready to use
Fully customizable template
Get Started in seconds

Why Use AI to Write Your Business Plan?

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

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

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

Use AI as your thinking Assistant

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

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

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

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

Using AI to Develop Your Business Plan (With Prompts)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Develop A Robust Business Plan with Creately VIZ

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

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

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

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

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

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

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.

Featured on :

BizPlannerAI - From a blank page to a professional business plan in a few clicks | Product Hunt

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

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

“Simplemente espectacular, felicidades.”

How it works

Four Steps to Your Business Plan

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

Answer a brief questionnaire

Our ai crafts your plan, edit, format or regenerate, export as pdf/word, watch how to create a business plan in ~1 minute.

How to Create a Professional Business Plan with BizPlanner.ai: A Step-by-Step Guide

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.

AI business plan generator: Product screenshot

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

Professional business plan for 10x less than hiring a consultant

Get your unique, professional business plan, custom-crafted and tailored specifically for your business

Compare and Save

Business plans on Fiverr can cost $90 or more . Our offer at just $9.99 delivers great value, making quality business planning affordable.

One-time payment. No subscription.

From the blog

French Language Option Now Available in Our AI Business Plan Generator

Great news from the BizPlanner AI team! Alongside English and Spanish, we're delighted to announce the introduction of French support in our AI business plan generator.

Spanish Now Supported by Our AI 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.

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

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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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

70+ creative chatgpt prompts to innovate your marketing plan.

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

1. Generating a business plan outline

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

ChatGPT Prompts for Generating a business plan outline

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

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

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

2. Generating executive summary

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

ChatGPT prompt for Generating executive summary

Other prompts you can use include:

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

3. Performing a market analysis

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

ChatGPT Prompt for Performing a market analysis

4. Competition analysis

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

5. Generating a sales and marketing strategy

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

ChatGPT Prompt for Generating a sales and marketing strategy

6. Operations and management

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

ChatGPT Prompt for Operations and management

7. Generating a financial plan

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

ChatGPT Prompt for Generating a financial plan

8. Conclusion

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

ChatGPT Prompt for Generating conclusion

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

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

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

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

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

1. Edit and review the business plan

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

2. Make sure it is actionable

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

Image source

3. Ensure only credible data sources are used

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

4. Seek expert advice

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

5. Make sure it is clear and readable

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

6. Customize your AI-generated business plan

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

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

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

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

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

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

Hi Michiel, what tool are you trying to use?

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

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

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

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

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

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

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

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

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

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

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

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

IdeaMaster.io

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

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

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The Pros and Cons of Using AI for Business Planning

Posted august 15, 2023 by noah parsons.

Bottom Line: AI is not a replacement for human ingenuity and expertise. While it can assist in generating content, it cannot replicate the strategic thinking, market analysis, and decision-making skills that humans bring to the table.

By harnessing the power of AI, you can augment your capabilities and free up valuable time and resources – allowing you to focus on critical aspects of the business plan that require human judgment and creativity.

Be Smart: As long as you leverage AI as a powerful tool in your arsenal – while still applying human intelligence and expertise where it truly matters – you can confidently present investor-ready plans that stand out in an increasingly competitive landscape.

The Big Picture: Tools like ChatGPT, Claude, and Bard have opened up intriguing new possibilities for entrepreneurs looking to streamline the business planning process . These AI assistants can help generate ideas, convert rough concepts into polished text, and draw connections that human planners may have overlooked.

Dig Deeper: We’ve explored the potential upsides and downsides of using AI tools to create a business plan. We looked at key areas where AI excels as well as situations that call for extra caution. Our goal is to provide entrepreneurs with a realistic picture of how AI can augment the planning process while emphasizing that human guidance remains indispensable.

How AI can help with business planning

Generative AI tools like ChatGPT, Claude, and Bard can make it feel like you’ve got a business consultant at your side – guiding you through the process of writing your business plan. There are some real, tangible benefits to using these tools – especially if you’re new to the business planning process.

It’s great for brainstorming and generating ideas

From figuring out what revenue streams and expenses you should include in your financial plan to coming up with marketing ideas, AI tools can help you explore different business strategies. You’ll still need to review the ideas and decide if they’re right for your business, but AI can save you time and help you look at your business concept from a different perspective.

Can quickly convert rough ideas into polished text

It’s really common to have ideas for your business strategy but struggle to figure out how to turn your thoughts into polished text. Generative AI excels at this task and can take lists of ideas and information about your business and transform it into sentences and paragraphs.

Doesn’t suffer from writer’s block

We all routinely suffer from writer’s block and just can’t get past that “blank page” – especially when we’re trying to put together a plan for investors or other stakeholders. While the text that AI generates might not be perfect, it can be a great starting point that you can edit and refine. By simply getting the ball rolling, AI can unlock your own thoughts about your business and help you write more of your plan.

Grammar and sentence structure can easily be fixed

Most business people aren’t trained writers, so leveraging AI to improve your writing and fix grammatical problems can greatly improve the quickness of your business plan.

Can draw connections between ideas that you hadn’t considered before

As you use AI to help you think about revenue streams and marketing tactics, you’ll find that generative AI tools can help you think about your business’s strategy in new ways.

Data analysis can be simplified

Generative AI can analyze vast amounts of data to produce insights that can be included in the business plan. If you have access to market research data , data about your industry, or even customer surveys that you’ve performed, you can use AI to analyze it and find insights that you can include in your plan.

When you need to be careful using AI to generate your plan

Generative AI tools are unfortunately not an “easy” button that can generate the perfect business plan with just a few simple instructions. Human oversight and guidance is critical to ensure that you are creating a solid business plan.

AI lacks the human understanding of your specific business, industry, and location

AI is trained on data, but it cannot understand the nuances of a particular situation or the context in which it is happening. For example, AI might be able to identify that a company is in the retail industry, but it would not be able to understand the specific challenges that the company faces or the opportunities that are available to it.

Additionally, AI is not able to understand the cultural or social factors that may be relevant to a particular business or industry. For example, AI might be able to identify that a company is located in a certain country, but it would not be able to understand the local customs or regulations that the company needs to comply with. As a result, AI can be a valuable tool for businesses, but it is important to remember that it is not a substitute for human judgment and experience.

Financial projections need to be verified by a human

Budgets and financial forecasts are both an art and a science. Good projections are based on market research, an understanding of your customer and your industry, and insights into how your business is going to be perceived by customers. AI can help generate forecasts, but doesn’t have the uniquely human insights into the nuances of your business. Not only that, but AI can make mistakes, especially with math. It’s crucial to review any financial forecasts that AI makes to ensure that they’re not only accurate but truly reflect where you think your business is going.

Market research and other facts will need to be verified

Generative AI tools often confidently provide statistics and market research in a format that’s entirely believable. Unfortunately, these tools often “hallucinate” – they’ve made up the numbers and research. Even when AI tools cite their sources, the articles and resources they reference can sometimes be complete fabrications. Any research data that AI provides needs to be carefully checked to ensure that it’s accurate and truthful.

AI can miss key factors in competitive analysis, marketing strategy and other sections

Because generative AI tools are trained on data that is sometimes several years old, it may not know everything about current competitors or the state of your market. Marketing strategies that may have worked several years ago may no longer work and new competitors may have shown up since the AI tool was trained. AI can provide a good start on the various components of your business plan, but a human touch is crucial to make sure that the business strategy is sound.

Your plan may lack authenticity and be impersonal

A business plan written by generative AI may not have the same level of personal touch as a business plan written by a human. This can be a disadvantage if you are trying to connect with investors or partners on a personal level.

Quality varies

Some generated text may not make logical sense or flow well. AI writing can sometimes lack energy or perhaps not even describe your business concepts accurately. It’s important to review all AI writing critically and even get a second pair of eyes on your plan to ensure that the quality is at the level you need for your audience.

Lack of Creativity

While AI can analyze patterns, it might not be able to provide the out-of-the-box thinking that human entrepreneurs often bring to new ventures. What often makes a business successful is figuring out how to differentiate from your competition. That means coming up with new ideas and new approaches – something that AI is not as good at as humans.

Tips for using AI to write a business plan:

Here are some additional tips for using generative AI to write a business plan:

Use generative AI as a starting point, not as a replacement for your own creativity and expertise.
Carefully review the output of generative AI to ensure that it is accurate and meets your needs.
Use generative AI to help you to identify potential risks and challenges to your business, but don’t rely on it to provide all of the answers.
Get feedback from others on the output of generative AI to ensure that it is persuasive and engaging.

Want to know what prompts you can use to write a business plan? We explored how to use ChatGPT to write your business plan . You can also use ChatGPT to build a financial forecast . LivePlan is using AI to enhance the business planning process. Learn more about how having AI integrated into a business planning app can supercharge your business planning .

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Come creare un business plan: esempio pratico (2024)

Pubblicato: 21/09/2023, 11:18 am

Revisione di

Perché creare un business plan?

Business plan: esempio in 6 punti, 1. mission o vision, 2. offerta e proposta di valore, 3. pubblico di riferimento e potenziali clienti, 4. flussi di ricavi, canali di vendita e di marketing, 5. organizzazione, fornitori e gestione delle attività, per concludere.

Un business plan è un documento utilizzato per definire obiettivi e strategie che consentano a un’attività di raggiungere il successo. Nell’articolo che segue forniremo un semplice esempio di business plan, che copre le indicazioni essenziali per l’avvio di una piccola impresa o di un’attività in proprio: se hai intenzione di dare vita a un progetto imprenditoriale, questo esempio può rappresentare un punto di partenza per sviluppare una pianificazione più completa.

La creazione del business plan è un processo essenziale per comprendere meglio costi, incarichi, opportunità di guadagno e quali modelli di business siano più remunerativi. Non sono solo gli imprenditori alle prime armi a dover sviluppare un business plan: si tratta di un’operazione preziosa per chiunque gestisca un’attività. Un business plan può essere strutturato secondo diversi gradi di complessità, dai più basilari ai piani più dettagliati, comprensivi di ricerche di mercato, costi e previsioni sui ricavi. Che tu sia un imprenditore in proprio o abbia lanciato una startup in cerca di finanziamenti, creare un business plan ben strutturato è un passo fondamentale per avviare un’impresa .

Un business plan completo dovrebbe comprendere sei elementi chiave, illustrati in questo esempio. Il livello di approfondimento richiesto dipende principalmente dalla scelta di avviare una piccola impresa o di ricorrere a un finanziamento da parte di un investitore. Le imprese finanziate da investitori, infatti, richiedono ricerche di mercato più approfondite e dettagli operativi e finanziari a sostegno del progetto.

Inizia il tuo business plan con un resoconto conciso che racchiuda la tua idea. Questa sezione deve rispondere in modo sintetico a cinque domande fondamentali. Le risposte saranno approfondite nelle sezioni successive del nostro esempio di business plan.

Di cosa si occupa la tua azienda? Vendi prodotti, servizi, informazioni o un insieme di queste cose?
Dove si svolge l’attività? La tua attività si svolge online, in negozio, tramite dispositivi mobili o in un luogo o ambiente specifico?
A chi si rivolge la tua attività? Qual è il mercato di riferimento della tua azienda e che caratteristiche ha il tuo cliente ideale?
Perché i potenziali clienti dovrebbero considerarla? Cosa dovrebbe spingere i tuoi clienti ideali a notare la tua attività?
In che modo i tuoi prodotti e/o servizi si distinguono da quelli della concorrenza? Cosa dovrebbe spingere i tuoi clienti ideali a scegliere la tua attività rispetto a quella di un concorrente?

Se hai difficoltà a fornire risposte a queste domande nella sintesi del tuo business plan, non preoccuparti. Man mano che lavorerai al piano, è molto probabile che scoprirai possibili risposte a queste domande, identificando nuove opportunità per la tua idea di business.

In questa sezione del business plan, dovrai illustrare la tua offerta commerciale. È inoltre il momento di definire la tua proposta di valore, spiegando perché la tua attività potrebbe risultare preziosa per dei potenziali clienti.

Lavorando a questa parte, potresti scoprire nuove opportunità di mercato che inizialmente non avevi considerato. Per esempio, una startup specializzata in prodotti senza glutine e chetogenici potrebbe ampliare la propria proposta di valore preparando dolci personalizzati per occasioni speciali adatti a diverse preferenze alimentari.

In questa sezione identificherai il tuo pubblico di riferimento, parlando dei problemi e delle esigenze specifiche a cui il tuo prodotto o servizio può fornire risposte. Questa fase è fondamentale per sviluppare una strategia di marketing e un’offerta di prodotti.

Per farlo in modo efficace, individua un problema che il tuo target si trova ad affrontare. Per esempio, la startup specializzata in cibi senza glutine e chetogenici può rivolgersi a persone attente alla salute e alla ricerca di questi prodotti. Tuttavia, è essenziale accertarsi di rivolgersi a una base di clienti sufficientemente ampia da poter sostenere l’attività, il che potrebbe significare che dovrai offrire una varietà di prodotti da forno tradizionali insieme quelli più particolari.

La nostra economia è trainata dalle tecnologie informatiche e grazie a internet oggi le startup possono contare su molte opportunità di guadagno e raggiungere un pubblico di riferimento sempre più variegato. In questo contesto, i flussi di ricavi e i canali di vendita divengono anche strumenti di marketing: la presente sezione è dedicata a tutti questi aspetti.

Flussi di ricavi

I flussi di ricavi corrispondono ai molti modi in cui è possibile generare guadagni con la propria attività. Nel tuo business plan, elenca le fonti di entrate al momento del lancio e indica eventuali idee che consentano di ampliare l’attività in futuro.

Ad esempio, il business plan della startup specializzata in prodotti gluten free potrebbe contemplare i seguenti flussi di ricavi:

Vendita di prodotti: online, in negozi pop-up, all’ingrosso e (in futuro) in negozio
Ricavi derivanti da campagne di affiliazione: monetizzazione dei post contenenti link di affiliazione pubblicati all’interno di un blog e/o sui profili social
Entrate derivanti dalle inserzioni pubblicitarie: annunci pubblicitari sul sito web
Vendite di ebook: (in futuro) pubblicazione di ebook di ricette di dessert senza glutine e compatibili con la dieta chetogenica
Ricavi ottenuti grazie ai video: (in futuro) monetizzazione di un canale YouTube con video informativi sulla realizzazione di dessert senza glutine e chetogenici
Webinar e corsi online: (in futuro) monetizzazione di webinar orientati al coaching e corsi online dedicati a consigli e tecniche di cottura
Contenuti riservati ai soci: (in futuro) monetizzazione di una sezione del sito web riservata ai soci e dedicata a contenuti speciali a integrazione dei webinar e dei corsi online
Franchising: (in futuro) vendere l’idea di aprire forni specializzati nella realizzazione di questi prodotti di nicchia a imprenditori di franchising.

Canali di vendita

I canali di vendita consentono di generare flussi di ricavi. Questa sezione risponde anche alla domanda “dove si svolge l’attività?” contenuta nel secondo punto della vision del progetto.

Ad esempio, nel business plan della startup specializzata in prodotti senza glutine potrebbero essere indicati i seguenti canali di vendita:

POS: un sistema di vendita per dispositivi mobili come Shopify o Square POS per la gestione delle vendite in mobilità in contesti quali mercati, eventi e fiere
Piattaforma ecommerce: un negozio online come Shopify , Square o WooCommerce per le vendite al dettaglio online e gli ordini di vendita all’ingrosso
Canali social: post e pin con pulsanti per l’acquisto su Facebook , Instagram o Pinterest, che consentano di vendere online attraverso i propri profili
Negozio: una sede fisica, quando l’attività sarà cresciuta al punto di consentirti di gestire un negozio.

Di seguito elenchiamo ulteriori canali che possono fungere da fonti di reddito:

Ricavi derivanti da campagne di affiliazione: sezione blog sul sito di ecommerce e partner affiliati
Entrate derivanti dalle inserzioni pubblicitarie: annunci pubblicitari sul sito di ecommerce
Vendite di ebook: vendite di ebook su Amazon tramite Kindle Direct Publishing
Ricavi ottenuti grazie ai video: canale YouTube con monetizzazione degli annunci pubblicitari
Webinar e corsi online: piattaforme dedicate a corsi online e webinar che consentano di gestire la creazione di account per gli iscritti e il caricamento e la riproduzione di contenuti registrati
Contenuti riservati ai soci: contenuti protetti da password tramite applicazioni per la creazione di community di utenti iscritti come MemberPress.

Canali di marketing

Spesso i canali di marketing e di vendita utilizzati dalle imprese presentano forti sovrapposizioni. I video e le piattaforme online come i social media, i siti web o i blog fungono sia da strumenti di marketing che da fonti di ricavi, risultando particolarmente utili per le startup e le imprese di piccole dimensioni.

Ad ogni modo, i canali pubblicitari tradizionali come la radio, la TV, le comunicazioni dirette per posta e la carta stampata hanno mantenuto il proprio valore per molte attività e, pertanto, devono essere presi in considerazione al momento della creazione di un piano di marketing e di un budget all’interno di un business plan.

In questa sezione del nostro esempio di business plan spieghiamo come indicare la struttura, le modalità di gestione dell’azienda ed eventuali certificazioni o permessi necessari per l’avvio dell’impresa.

La startup specializzata in prodotti senza glutine potrebbe elencare alcuni punti simili ai seguenti:

Struttura aziendale: definizione dell’organizzazione dell’attività
Permessi e certificazioni: licenza per il trattamento degli alimenti e per la produzione alimentare artigianale. In alternativa, affitto di una cucina commerciale in possesso dei requisiti necessari
Ruoli e responsabilità: imprenditore in proprio, tutti i ruoli e le responsabilità sono in capo al titolare
Attività quotidiane: procurarsi gli ingredienti e cucinare tre giorni a settimana per rispondere agli ordini. Riservare del tempo agli eventi di settore, ai mercati e agli ordini dei partner all’ingrosso, se necessario. Spedire a giorni alterni gli ordini effettuati online. Aggiornare il sito web e creare post social, sul blog e contenenti link di affiliazione nei giorni in cui non vengono effettuate le spedizioni.

L’ultimo passaggio nella stesura del business plan consiste nell’elencare i costi previsti per l’avvio e la gestione dell’attività, oltre che i ricavi attesi. Grazie a strumenti gratuiti come Square e alle opportunità di marketing offerte dai social media, è possibile lanciare una startup a costi molto contenuti.

In molti casi, il costo della merce, della spedizione e dell’imballaggio, delle autorizzazioni e licenze, e della stampa dei biglietti da visita sono le uniche spese da sostenere.

Sviluppare al meglio il business plan della propria attività è un passaggio fondamentale per chi si appresta a lanciare un’impresa, ma è altrettanto importante che la fase di pianificazione non si trasformi in un ostacolo per l’avvio dell’attività.

Tieni presente, inoltre, che un business plan non è mai un documento destinato ad assumere valore definitivo. I mercati, il pubblico e le tecnologie sono in costante evoluzione, così come gli obiettivi aziendali e le strategie sviluppate per raggiungerli. Considera il tuo business plan, quindi, come un documento dinamico, soggetto a revisioni periodiche, da ampliare e modificare in risposta alle opportunità di mercato e alla crescita della tua attività.

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Krista Fabregas è una professionista esperta nell'ambito dell'ecommerce e della redazione di contenuti online. Vanta oltre vent'anni di esperienza pratica, che mette al servizio di chi desidera lanciare e far crescere società di successo nel settore tecnologico. Tra le sue competenze rientrano l'avvio e lo sviluppo di attività di ecommerce, operazioni e logistica per le PMI, piattaforme per la creazione di siti web, sistemi di pagamento, marketing multicanale e redditi da attività collaterali e programmi di affiliazione. Krista ha conseguito la laurea in Lettere presso la University of Texas di Austin e ha ricoperto posizioni apicali presso la NASA, un'azienda Fortune 100 e diverse startup digitali.

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April 5, 2024 2024-04-05

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AI chatbots (like ChatGPT, Google’s Gemini, and Microsoft Copilot) can support UX researchers of all experience levels in planning their research.

The research goals or questions that the research is hoping to achieve or answer
The method to be used and a description of how it will be carried out
The tasks or questions that will be given to study participants
The profile of the target participants
The screener questionnaire used to recruit participants

Creating a research plan can be time-consuming. Even with a good template, a researcher must generate research questions, select the appropriate method(s), decide how to run sessions, and often create study collateral (like screeners and tasks) from scratch. The good news is that AI can help with many, if not all, of these tasks!

It can be tempting to just ask an AI tool to give you a research plan for a project. Don’t do that.

❌ Bad Prompt : Generate a research plan for a usability test of a food-delivery app.

This kind of request results in a generic, template-like response, partly because AI lacks the context to propose a complete research plan and partly because of how the model has been trained.

To construct a useful research plan, deconstruct the plan into parts and have the AI chatbot tackle each part individually. You can assemble responses in a final research plan.

Don’t expect the AI to ask you the right questions in order to get a comprehensive outcome. View the AI tool as a UX assistant , not as a UX mentor. You need to feed into the AI all the steps and details you want it to consider.

Follow the steps below for the best results.

Step 1: Provide Context

Imagine asking an experienced colleague for recommendations on what research study to run without giving them any context on what project you’re working on and what you’re trying to achieve. They would probably say, "It depends on what you’re trying to learn.” Conversing with AI presents no exception.

Start your conversation with enough context , especially if the AI tool does not already have this information stored about you or your current project. ( ChatGPT 4 allows users to store context for each new conversation.)

The contextual information you share should include who you work for, the scope of your project, and what you’re looking to achieve. Remember that some AI tools may use your conversations to train their models, so share only information you would be comfortable with being in the open domain.

Prompt Template: I work for [type or organization] . My company provides [what kind of product, service, or experience] . I need to run a user-research study to learn [something about users or a problem] .

Step 2: Generate Research Questions

After providing the AI tool with context, ask it to suggest specific research questions for the study. Here’s an example from a recent study on research repositories that I conducted for NN/g.

Prompt Example: I will run a research study and report on how UX practitioners across different organizations set up and use research repositories. Please generate 10 research questions that would be suitable for this sort of study.

It’s a good idea to ask generative AI tools for more options or ideas than you think you’ll need, because some will not be a good fit.

Microsoft Copilot responded to the prompt above with the 10 research questions below.

10 Research questions generated by Microsoft Copilot

Who are the primary users of the research repository within different organizations? What motivates users to engage with the research repository? How do different teams (design, product, sales, marketing) access and benefit from the research repository? What challenges do practitioners face when contributing to or retrieving information from the repository? What types of research artifacts (reports, raw data, templates) are most commonly stored in the repository? How do organizations structure their research repositories? What tools and templates are commonly used to facilitate research repository management? How do practitioners ensure the quality and accuracy of information in the repository? What impact does the research repository have on decision-making and project outcomes? What strategies can organizations implement to encourage widespread adoption and active participation in the research repository?

To broaden your pool of research questions, ask for further research questions or provide the same prompt in a new session. Repeat this process as many times as you need to generate a list that feels exhaustive of what you’d like to learn.

Some of the research questions Copilot generated for me were appropriate, and others were not. As a result, I had AI generate more research questions to choose from.

Unfortunately, most AI chatbots don’t offer an easy way to dismiss suggestions or combine specific responses and work from only these (a behavior called apple-picking ).

Pulling in generated research questions into an offline document (like a FigJam or Google Doc) allows you to easily group items, remove duplicates, or reword suggested research questions.

Begin a new chat session with your selected and refined set of research questions, so that the unwanted research questions are removed from the chat history.

Step 3: Request Methods

After sharing the context and your chosen research questions, ask the AI tool to identify suitable research methods.

Example Prompt : What study would you suggest to answer these research questions? Please be specific; cite which research questions would be answered by which research method if you suggest multiple methods.

Generative-AI advice is not always good advice. Often, these tools will suggest various methods and suggest you triangulate data from multiple sources. This approach is not always needed. Also, not all methods will be practical or the best fit for your study. Additionally, AI may suggest interviews and focus groups even for research questions better suited to a behavioral research method .

Ask AI chatbots to tell you which research methods would be suited to which research question and why. We also recommend doing some further reading on your own about any methods that are unfamiliar to you.

In response to the prompt above (and given my chosen research questions), ChatGPT recommended a survey, interviews with select UX practitioners, and case studies. These were all my chosen methods, so AI had done well here!

Step 4: Request Inclusion Criteria

AI can create inclusion criteria — a necessary component of your research plan. Do this step only after generating research questions and methods since these will inform who should participate in the research study.

Inclusion criteria (or recruitment criteria) are specific characteristics of the target population that need to be represented in your sample.

Start with inclusion criteria before asking the AI to help you write a screening questionnaire ; AI can only craft an appropriate screener after it “knows” who you’re looking to recruit.

Example Prompt: So that I recruit the right people for my interviews, help me create some inclusion criteria. What characteristics or behaviors should I recruit for?

Step 5: Request Help with Screeners, Interview Questions, and Tasks

Finally, ask the AI to put together:

Interview questions or an interview guide (if conducting interviews)
Tasks for a usability test
Diary-study prompts (if relevant)
Recruitment confirmation emails or other communication messages.

Unfortunately, there are a lot of bad examples of the above on the web. Conversational AI has been trained on all this data. Therefore, don’t be surprised if it produces poor study collateral on its first attempt! This is a major risk area for new researchers.

One way to mitigate this danger is to give the AI tool advice when crafting any of these outputs . Think of AI as a new research assistant who can learn extremely quickly.

Common mistakes that AI tools make include:

Using words that appear in the interface in task instructions (priming)
Creating task instructions that ask users to imagine they are someone that they are not
Not including a goal or a call to action in the task instruction
Not including distractor options in screening questionnaires
Using overenthusiastic marketing language in recruitment materials

It’s not surprising that AI makes these mistakes since UX practitioners also make them!

To improve outputs, feed the AI essential tips, such as:

When crafting tasks: Do not use the name of words or link labels in the task instruction. Find a natural-language equivalent to explain what the participant should do . (You can ask AI to “read” a website or an image.)
When crafting recruitment materials: Use neutral and concise language in the recruitment email. Avoid using overly enthusiastic marketing language.
When crafting a screener: Include multiple-choice questions and answer options that might disguise what the study is about and who I am looking to recruit.

Additionally, when possible, feed the AI with good examples of screener questionnaires, tasks, or interview questions, so it can follow their format or style.

Even with this advice, AI can still make mistakes. If you’re doubting its answers, check primary sources or speak with an experienced researcher for old-fashioned human guidance.

If you have ChatGPT’s Plus Plan, you can use our GPT for planning your research.

With the proper context, examples, and advice, AI tools, like ChatGPT and Microsoft Copilot, can craft helpful research questions, tasks, interview questions, and other study collateral far more quickly than you could if you started from scratch.

Research leads and ResearchOps personnel can support junior researchers and PWDRs (People Who Do Research) by providing examples and advice that can be fed to AI agents. Experienced researchers can benefit from using AI to speed up their research-planning process and obtain further inspiration.

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Inside Andy Jassy's plan for Amazon in the generative AI era

This post originally appeared in the Insider Today newsletter.

Happy Friday! Tax day is Monday, but don't sweat it. Here's a rundown on how to file for an extension . We've also got resources on how to do your taxes .

By the way, we're wrapping up voting for the championship matchup in our business, tech, and innovation bracket. You can vote here .

In today's big story, we're looking at Amazon CEO Andy Jassy's letter to shareholders, which details the tech giant's plan in the age of generative AI .

What's on deck:

Markets: These 11 startups are IPO-ready .

Tech: The reviews are in for a hot new wearable AI device , but don't get excited.

Business: Big corporations are gobbling up medical practices .

But first, Amazon, AI, and a letter.

If this was forwarded to you, sign up here.

The big story

Amazon in the ai age.

It's a strategy that's worked well for Amazon in the past. AWS, Amazon's public cloud business that Jassy helped create, has been incredibly profitable and upended how companies think about their tech strategy.

But there's a new kid on the block. The AI cloud includes Nvidia's GPUs and large-language models, which power the AI services and tools that are all the rage now. Meanwhile, the cloud 1.0 business, which AWS has long dominated, is no longer cool .

Jassy's letter details how Amazon plans to reposition itself at the forefront of this new era.

The three-layer approach includes Amazon powering companies that build and train models (Anthropic, Snap), helping companies use these models with their data (Bridgewater Associates, Pfizer), and creating customer-facing AI applications themselves.

It wasn't all AI talk in Jassy's letter.

I asked our resident Amazon expert, Eugene Kim , about what stood out to him beyond the mentions of AI. He highlighted two points:

A lower cost to serve. Jassy emphasized the company would continue to find cheaper ways to deliver items faster. That's a nod to the threat Amazon feels from fast-fashion retailer Shein . It also enables Amazon to increase its market share among customers looking for cheap, daily items that might have previously been costly for Amazon to ship.

Prime Video gets some love. Amazon's streaming business has been on a rocky road recently, with layoffs hitting the unit earlier this year . But Jassy's hopes remain high. He said in the letter he believes Prime Video could "be a large and profitable business on its own."

Exclusive content on the streamer has been a mixed bag . Its latest big bet is " Fallout ," an adaptation of the popular video game set in a post-apocalyptic world. (Hmmm, what a novel concept .) Meanwhile, Prime Video's pursuit of sports remains a question mark .

3 things in markets

These companies will be first in line when the IPO market finally opens up. With the help of Pitchbook data, BI identified 11 startups ready to go public this year. Among those ready for an exit: Databricks, Epic Games, and Zocdoc. Here's who else made the list .

Junior bankers could be the latest casualty of AI. The New York Times reported banks are considering pulling back on hiring new analysts thanks to AI handling a chunk of their workload . But it's not all bad news on the Street, as Morgan Stanley is betting AI can free up advisors' time to be "more human."

The best-case scenario for interest rate cuts is up in smoke. Wall Street strategists are readjusting expectations for when the Fed will lower rates. Expert predictions include only one cut this year and even a rate hike .

3 things in tech

Adam Neumann opens up about Flow, his secretive billion-dollar startup. Neumann wants to turn apartment living into a utopian fantasy. But despite having been in the works for more than a year, little is known about Flow. In an exclusive interview, Neumann spoke to BI about his newest venture.

Humane's AI Pin reviews are decidedly mixed. The pin, which came out yesterday, aspires to one day replace our smartphones. But early users said it's not worth the $699 price tag, and just isn't that good yet .

Meet adtech's rising stars. Digital advertising is facing a wave of new challenges, like the death of third-party cookies. BI identified 33 up-and-coming professionals who are finding solutions and developing new products.

3 things in business

Bon Appétit plans to cut about 25% of its union staff. In 2020, many of the brand's best-known staff left amid a racial reckoning. Now, insiders are worried planned layoffs will undermine the work the outlet has done to get back on track.

Hiring managers share résumé clichés to avoid. Don't just list your responsibilities — instead, highlight the impact you've had at work. And don't use too many buzzwords , like saying that you're "detail-oriented."

Big corporations are quietly taking over your medical practice. Businesses like hospital systems, insurers, and PE firms are gobbling up medical clinics, and some doctors and industry experts say it's ruining healthcare.

In other news

Short-seller sends Globe Life shares plunging 53% as insurance giant calls report 'defamatory,' threatens legal action .

O.J. Simpson dead at 76, family announces .

277,000 student-loan borrowers who have 'paid what they can afford' for at least a decade are getting $7.4 billion in debt wiped out .

Some Amazon employees are complaining about projected pay cuts, internal messages show .

Trump is now out of options to delay Monday's start of jury selection in his hush money trial: legal experts .

O.J. Simpson's TV moment is never going to be replicated .

It looks like In-N-Out Burger really won't come to the East Coast any time soon .

3 top personal trainers explain why they stopped taking pre-workout supplements that boost energy .

Mark Cuban says there is one thing that he wishes Americans understood better about the economy in an election year .

3 takeaways from new data on how much money creators are making in 2024, including why affiliate marketing is having a 'glow up.'

Soccer's biggest league is rolling out AI-powered tech to make crucial calls .

More CEOs expect hybrid work is here to stay .

What's happening today

Today's earnings: JPMorgan Chase, Citigroup, Wells Fargo, and other companies are reporting .

Coachella starts today.

The Insider Today team: Dan DeFrancesco , deputy editor and anchor, in New York. Jordan Parker Erb , editor, in New York. Hallam Bullock , senior editor, in London. George Glover , reporter, in London.

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Elon Musk: AI, Space, X, Mars, speed and hardcore In Good Company with Nicolai Tangen

This was a Live recording on X Spaces with Elon Musk. Tune in for his unique insight into the future of AI, space exploration, Mars, free speech and much more. You don’t want to miss this one! The production team on this episode were PLAN-B's Pål Huuse and Niklas Figenschau Johansen. Background research were done by Sigurd Brekke and Isabelle Karlsson with input from portfolio manager Doug Shell, Arnab Seal and Trym Torvund. Links: Watch the episode on YouTube: Norges Bank Investment Management - YouTubeWant to learn more about the fund? The fund | Norges Bank Investment Management (nbim.no)Follow Nicolai Tangen on LinkedIn: Nicolai Tangen | LinkedInFollow NBIM on LinkedIn: Norges Bank Investment Management: Administrator for bedriftsside | LinkedInFollow NBIM on Instagram: Explore Norges Bank Investment Management on Instagram Hosted on Acast. See acast.com/privacy for more information.

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Amazon CEO says AI may be the biggest tech transformation 'since the internet' in his annual letter

Amazon's CEO said AI may be the largest transformation since the internet in a shareholder letter.
Andy Jassy also raised the importance of AI security to protect customer data.
The CEO also said Amazon is "not done lowering our cost to serve."

Amazon CEO Andy Jassy released his annual letter to shareholders on Thursday — and yes, AI was a major theme.

Jassy said in the letter that generative AI "may be the largest technology transformation since the cloud," and maybe even "since the internet."

Rather than move existing infrastructure to the cloud, which requires a lot of migration work, the AI revolution will be built entirely on cloud platforms from the beginning, Jassy said.

"The amount of societal and business benefit from the solutions that will be possible will astound us all," Jassy said in the letter.

But Jassy also reminded shareholders not to underestimate the importance of security in AI.

"Customers' AI models contain some of their most sensitive data," Jassy said.

Watch: AI will drive personalization, not creativity, says Roku's VP of growth marketing, Sweta Patel

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