I’m truly glad you’re here because I understand that developing a business plan is not just a challenge—it’s an opportunity for success. Because a good plan is so foundational to success, I’ve put together some fantastic AI business plan generators to help pave the way for new ideas.
My name is Arto Minasyan, and as the Founder and CEO of 10Web and a Co-Founder of Krisp, I know firsthand the effort and dedication that goes into building a successful business. With a PhD in Mathematics, both a BA and a Master’s in Physics, and an MBA, I’ve gathered a variety of experiences that I hope can guide you on your journey.
That’s why I’m excited to share this carefully curated list of AI business plan generators, along with some personal insights that I hope will inspire you and help you create a detailed and structured plan.
Understanding AI business plan writers
AI business plan generators are changing how entrepreneurs make business plans. These tools use artificial intelligence to make the process faster and easier.
Evolution of AI in business planning
Business planning used to be a long, manual process. People had to do lots of research and write everything themselves. Now, AI tools can do much of this work. They can gather data, analyze markets, and even write parts of the plan.
These tools have gotten smarter over time. Early versions could only fill in business plan templates. Now, they can give custom advice based on your specific business. They use big data and machine learning to spot trends and opportunities.
As AI gets better, these tools will likely do even more. They might be able to predict future market changes or suggest new business ideas.
Benefits for entrepreneurs and small businesses
AI business plan generators save time and effort. This is great for busy entrepreneurs and small business owners. They can focus on other important tasks instead of spending weeks on a plan.
These tools can also improve plan quality. They use data from many sources to give accurate market insights. This helps make stronger, more realistic plans.
- Get a professional-looking plan quickly
- Access expert knowledge without hiring consultants
- Explore different business scenarios easily
- Update plans faster as things change
AI tools can level the playing field for small businesses. They give access to planning help that was once only available to big companies with lots of resources.
What are the key elements of a professional business plan?
A good business plan helps entrepreneurs map out their vision and strategy. It serves as a roadmap for the business and a tool to attract investors or secure funding.
Here are the key elements typically included in a business plan:
- Executive summary
- Company description
- Market analysis
- Organization and management
- Products or services
- Marketing and sales strategy
- Funding request
- Financial projections
The executive summary gives a brief overview of the entire plan. It should grab the reader’s attention and make them want to learn more.
A company description explains what the business does and what makes it unique. This section outlines the mission, vision, and goals.
Market analysis looks at the industry, target customers, and competitors. It shows an understanding of the business landscape and opportunities.
The organization section describes the company structure and key team members. It highlights the skills and experience of the leadership team.
Products and services detail what the company offers customers. This part explains how the offerings solve problems or meet needs in the market.
Marketing and sales strategies outline plans to reach customers and generate revenue.
Financial projections estimate future income, expenses, and profitability.
Can AI really generate a business plan?
AI business plan generators are powerful tools that help entrepreneurs quickly create detailed plans. These systems use advanced algorithms to analyze data and provide customized recommendations. While AI can’t replace human insight, it is a significant time-saver for research and planning.
Identifying your needs
Before using an AI business plan generator, you need to clarify your requirements. Think about your business goals, target market, and financial projections. Make a list of key elements you want in your plan. This helps you choose the right AI tool and get better results.
Some important factors to consider:
- Industry type
- Company size
- Funding needs
- Time frame
- Level of detail required
Defining your vision
A clear vision is essential for any successful business plan. AI can help organize and structure your ideas, but it can’t create your vision for you. Take time to brainstorm and outline your:
- Mission statement
- Core values
- Long-term goals
- Unique selling proposition
Write these down in simple terms. This vision will guide the AI as it generates your plan, ensuring the output aligns with your aspirations.
Selecting the right AI business plan generator
With many AI business plan tools available, choosing the right one is key. Consider these factors:
- Ease of use
- Customization options
- Industry-specific features
- Integration with other tools
- Cost and pricing plans
Read reviews and try free trials when possible. Look for generators that offer business plan templates relevant to your industry.
Customization options for your business model
The best AI business plan generators offer robust customization features. These allow you to tailor the plan to your specific business model. Look for tools that let you:
- Adjust financial projections
- Modify section layouts
- Add custom branding elements
- Import your own data
Many AI generators use templates as a starting point. You can then fine-tune the content to match your unique business needs. This blend of AI efficiency and human creativity often produces the most effective and professional business plans.
Exploring product ideas and concepts
AI generators brainstorm product ideas based on market gaps. They analyze consumer trends and suggest innovations. This sparks creativity for tech startups and other new businesses.
The tools can also test product concepts virtually. They simulate customer reactions and market conditions. This helps businesses refine ideas before investing too much.
AI can also spot potential problems with product plans. It flags issues like high production costs or tough competition. This lets startups tweak their concepts early on.
Some generators even suggest pricing strategies. They look at what similar products cost and what customers might pay. This helps new businesses find the right price point.
Conducting market analysis with AI tools
AI business plan generators use big data to spot market trends. They look at things like:
- Social media activity
- Online search patterns
- Consumer spending habits
This helps predict future demand for products or services. AI tools can also track competitors and industry changes. They use natural language processing to analyze news articles, reports, and online discussions.
Some AI tools create visual reports with charts and graphs. This makes complex data easier to understand. Users can often customize reports to focus on specific metrics or timeframes.
Financial projections and data analysis
AI business plan generators offer powerful tools for financial forecasting and data analysis.
Users can input basic information about their business, and the AI generates detailed forecasts. These projections often include:
- Revenue estimates
- Expense breakdowns
- Cash flow predictions
Some tools also allow users to adjust variables and see how different scenarios impact projections. This feature helps business owners plan for various outcomes and make better strategic decisions.
The best AI business plan generators to help you start your business fast
After hours of research and testing, I’ve curated a list of the best AI business plan generators to help get your business off the ground quickly and efficiently.
While trying out these tools, I focused on aspects such as user experience, helpful features, ease of use, feedback from sources like G2, and cost-effectiveness. I tried a range of tools to gauge their automation features, integrations, and additional functionalities.
To help you get an idea of what it’s like using AI to write a business plan, I also made some interactive demos of the AI business plan generator tools in action.
Grammarly
Generate and refine an executive summary.
The free plan includes access to the business plan generator.
Paid plan: From $12 / month
Overview
Key features
- AI-generated, customizable business plans.
- AI-assisted enhancing and editing.
- Efficient process with only 4 questions.
Pros
- Built-in to Grammarly.
- No subscription required.
- Familiar interface.
Cons
- Based on only 4 questions.
- Possibly less detailed draft.
- Plan required for AI edits.
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 professional 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 four 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, it’s easy to use the familiar tools to adjust the text for formality, tone, and length. This is an area where the tool’s suggestions for grammatical improvements are particularly welcome. Unfortunately, this is also where the premium plan’s paywall becomes evident, although the free plan has much to offer. 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 deciding what to write.
Upmetrics
AI-powered business planning and financial forecasting tool.
No free plan is available.
Paid plan: From $7 / month, access to the AI business plan tool from $14 / month.
Overview
Key features
- AI business plan generator
- Financial forecasting software
- Upmetrics AI Assistant
- Strategic planning tools
Pros
- Guided plan builder
- Realistic financial forecasting
- Accounting software integration
- Collaboration and easy sharing
Cons
- Subscription required
- Limited to larger enterprises
Upmetrics is one of the most affordable and reliable AI-powered business planning solutions. It helps aspiring entrepreneurs, startups, and small business owners easily prepare their business plans and grow their businesses.
With its robust AI capabilities and user-friendly interface, Upmetrics helps generate simple plans, shorten or expand the given content, enhance the writing tone, and many more. This makes the entire business planning process much easier for anyone new to business planning.
Since Upmetrics’ subscription model comes with multilingual support, users can translate their plans into 90+ different languages. Plus, the library of business plan templates helps in business plan structures, with easy customization options to fit unique business needs.
Additionally, Upmetrics is a great tool for collaboration. It offers collaborative workspaces that allow multiple users to work together and refine the plan in real time – empowering the overall business planning approach!
15MinutePlan
Detailed AI-generated business plans.
The free plan includes limited access to the business plan generator.
Paid plan: From $99
Overview
Key features
- Quick, AI-generated plans.
- ChatGPT 4 available.
- Detailed business plans.
- Editable via "Talk To Plan".
Pros
- Time-efficient.
- Customizable plans.
- AI recommendations.
Cons
- Limited free preview.
While 15minuteplan.ai is an AI-powered tool designed to create professional business plans quickly and efficiently, I believe its ability to personalize financial statements and plans might be particularly interesting to those seeking funding.
As described, the process of creating a business plan with 15minuteplan.ai takes about – you guessed it – 15 minutes. Users begin by answering seven questions covering 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 smart suggestions help speed up this part of the process.
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.
Copy AI
AI-enhanced business plan templates.
Free plan with some access to AI business plan generator functionality.
Paid plan: From $36 / month
Overview
Key features
- AI-assisted template interface.
- Customizable business plan sections.
- AI generated content options.
- Flexible tone and style settings.
Pros
- Customizable content.
- User-friendly interface.
Cons
- May lack creativity.
- Limited human touch.
- Occasional inaccuracies.
As the name suggests, Copy AI is an AI writing assistant leveraging AI’s power for 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 Workflow 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 various business plan templates, Copy AI allows you to customize details such as the tone of your content and more.
The forever-free plan allows one user up to 2000 words in chat, so trying this risk-free is easy.
WordKraft AI
A versatile AI writing assistant.
A free plan is available.
Paid plan: From $29 / month
Overview
Key features
- Utilizes GPT-3.5 for content generation.
- Customizable business plans available.
- AI-assisted editing for refinement.
Pros
- Easy-to-use interface.
- Tone, style customization options.
- Free plan available.
Cons
- Limited to GPT-3.5 capabilities.
- Paid plans for full features.
WordKraft is an AI-powered web application that generates 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.
This is also one of the best free AI business plan generators since you can use Wordkraft’s free business plan template to generate a draft plan. 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 do business.
Wordkraft is an excellent AI writing assistant for entrepreneurs looking for an easy-to-use interface and access to advanced features such as language and tone of voice options. As an AI business planner generator, this tool allows you to select the level of creativity that you need.
Beautiful AI
Generate presentations based on text prompts.
No free plan is available.
Paid plan: From $12 / month
Overview
Key features
- Professional slides, powered by AI.
- Design prompts for presentations.
- AI-generated content tools.
- Smart, auto-created templates.
Pros
- Auto-created slides for efficiency.
- Improved text content advice.
- Branded presentations, image archive.
- Distinctive, appealing layouts.
Cons
- Certain AI capabilities are evolving.
- Group packages may be costly.
- Restricted compatibility with well-known tools.
- Minimal layout personalization options.
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.
Additionally, this AI business plan generator also helps create presentations. Using Beautiful AI, you can create elegant business plan 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. These are perfect for developing a pitch deck that stakeholders will love.
While the lack of a free plan presents an obstacle, you can try the tool for free. At $12 per month (paid annually), an individual user gets access to unlimited slides, AI content generation, import and export capabilities, data about who’s viewed the presentation, and the slide and presentation library.
PrometAI
AI-powered business plan generator with data-driven startup valuations.
A free plan is available.
Paid plan: From $55 / month
Overview
Key features
- AI-driven business plans
- Startup valuations included
- 750+ industry insights
- Presentation-ready visuals
Pros
- Diverse insights for tailored plans
- Built-in valuations for investors
- Generates professional, compelling outputs
Cons
- Paid subscription for full access
PrometAI’s AI business plan generator is an advanced tool designed to meet the needs of startups, growing businesses, and industry professionals. Unlike many AI tools, PrometAI incorporates data and trends from over 750 industries, providing a granular understanding of market dynamics that adds specificity to each business plan.
The generator uses this industry data to produce comprehensive plans that align with the latest standards in financial forecasting and business development. Users begin by entering information about their business, such as objectives, target markets, and competitive landscape. From here, PrometAI’s AI not only compiles a detailed business plan but also integrates startup valuations, creating a complete package for investor presentations.
PrometAI makes it easy to turn complex data into visually appealing presentations. Users can focus on their business strategy while PrometAI handles data integration, structuring the content into professional slides that are easily digestible for stakeholders. Designed to be user-friendly, PrometAI’s interface allows for adjustments in tone, language, and depth, ensuring every business plan meets specific objectives and audience needs.
With features like collaborative editing, investor-centric insights, and presentation-ready output, PrometAI delivers more than just a draft. It’s a full-spectrum tool for building credible, detailed, and visually impactful business plans.
Notion AI
AI-assisted note-taking and templates.
A free plan is available.
Paid plan: From $10 / month
Overview
Key features
- Especially helpful for Notion users
- AI integrated note-taking system.
- Customize business plan templates with AI.
Pros
- Integrated workspace AI.
- Flexible text editing.
- Free trial available.
Cons
- Best features require subscription.
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, setting up team spaces, and so much more.
While Notion is not specifically designed as an AI business plan generator, it includes features that can help accomplish much in that area. Notion AI can help you create 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.
With plans available from $10 monthly, Notion has a lot to offer. Its ability to multi-task for note-taking, project management, knowledge database, and more, along with AI-enhanced tools and integrations with popular platforms and services, gives it a well-deserved place in a variety of workflows.
Bit AI
Collaborative business plan development.
A free plan is available.
Paid plan: From $8 / month
Overview
Key features
- Cloud-based collaborative documents.
- Real-time collaboration, editing, sharing.
- Embeds multimedia in business plans.
- Free and premium template options.
Pros
- Real-time team collaboration.
- Multimedia embedding feature.
- Responsive document design.
Cons
- Limited font/formatting options.
- No mobile app available.
- Higher pricing for premium features.
Bit AI is a cloud-based collaboration platform that allows multiple teams within organizations spread around the globe to collaborate, organize, and manage documents all in one place. Some documents 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, 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. For a budget-friendly $8 a month, users can enjoy more storage, export options, embedded docs, and an AI-powered writing assistant.
LivePlan
AI platform designed specifically for business plans.
No free plan is available.
Paid plan: From $20 / month
Overview
Key features
- Collection of tools for business plans
- Pro plan review & guidance available.
- Quick start for many business categories.
- AI LivePlan assistant.
Pros
- Business plan specific platform.
- Financial reports & tools.
- Write pitches, raise funding.
Cons
- Subscription required.
- No mobile app.
- Some limits to customization.
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’s large collection of templates and customizability make it an excellent AI business planner. Remember to take advantage of its financial forecasting and performance tracking features.
I found Liveplan to be a solid AI business plan generator. It’s part of a larger business planning platform, which gives it an edge. The software has helped over a million entrepreneurs plan and grow their businesses. It’s not just for writing – it aids in funding and executing plans, too.
I liked that Liveplan combines AI with proven business planning tools. This mix of tech and experience sets it apart from basic AI writers.
Brixx Planning Software
Financial forecasting and planning.
A 7-day free trial is available.
Paid plan: From $42 / month
Overview
Key features
- In-depth financial forecasting.
- Suitable for various business sizes.
- Real-time collaboration and scenario testing.
- Combine with ChatGPT for best results.
Pros
- Insight into business decisions.
- Versatile forecasting.
- Xero integration.
Cons
- Geared for financial planning.
- Pair with ChatGPT for plans.
Brixx is financial forecast software for cash flow, budgeting, and business planning.
Apart from that, Brixx is also a business planning tool that businesses can use to create a formal business plan, outlining 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, 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.
The free 7-day trial gets you full access to all the tool’s features. With Brixx’s simplified pricing structure, subscribers who decide to move on with a paid plan can save on monthly fees by snapping up an annual plan.
ChatGPT
The leading AI-based chatbot.
A free plan is available.
Paid plan: $20 / month
Overview
Key features
- Communicates in human-like language.
- Summarizes intricate subjects.
- Useful for composing, researching, inventing.
- Integrated with Microsoft Bing.
Pros
- Enhances content production.
- Efficient and time-reductive.
- Quick responses, minimal search.
Cons
- Best results with multiple prompts.
- Requires fact checking.
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 can write business plans. Although ChatGPT is not specifically designed as an AI business plan generator, 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 unreasonable 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 the information you provided. Next, I’ll show you what this process might look like.
How to write a business plan with ChatGPT: examples and prompts
Having answered the question, “Can ChatGPT write a business plan?” I want to provide deeper insights into how you can use ChatGPT effectively to draft a business plan.
While ChatGPT may not have the prebuilt templates and features in other tools, it’s still an excellent free AI business plan generator. You can leverage well-crafted prompts to create a thorough and structured business plan.
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Useful ChatGPT prompts for writing a business plan
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: Create a detailed business plan outline for [type of business] targeting [target audience]. Include common sections found in a traditional business plan, along with any industry-specific elements that might be needed.
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
- Conclusion
With ChatGPT, you can now generate a draft of each section above. If you’re dedicated to providing enough content in each section, ChatGPT will generate content with more precision.
2. Generating the executive summary
Prompt: Draft an executive summary for [Business X], highlighting its mission statement, core values, and key business objectives. The tone should be persuasive and geared toward potential investors.
Other suggested prompts to consider:
- Summarize the primary vision and short-term goals of [Business X] in a compelling executive summary.
- Generate a high-impact executive summary that captures [Business X]’s market opportunity and strategic advantages.
3. Performing a market analysis
Prompt: Write a market analysis for [Business X] that includes an in-depth overview of the target market, current market trends affecting [industry], potential challenges, and growth opportunities. Estimate market size and future projections.
Tips:
- Specify a region or demographic for more tailored insights.
- Ask for a SWOT analysis within the market analysis for added depth.
4. Competition analysis
Prompt: Perform a competitive analysis for [Business X] that identifies major competitors, their strengths, weaknesses, and potential strategies for differentiation.
Other prompts to try:
- Highlight strategies used by top competitors and propose ways [Business X] can outperform them.
5. Generating a sales and marketing strategy
Prompt: Create a detailed sales and marketing strategy for [Business X] that includes lead-generation tactics, customer engagement methods, deal-closing strategies, and approaches for customer retention.
Tip:
Include specific budget limits or preferred marketing channels to refine the output.
6. Operations and management
Prompt: Outline the operations strategy for [Business X], detailing essential infrastructure, technology use, service level agreements (SLAs), and comprehensive customer support policies.
Tip:
- Specify whether your business will use proprietary technology or third-party tools to guide ChatGPT’s response
7. Generating a financial plan
Prompt: Prepare a financial plan for [Business X], including revenue forecasts, projected expenses, break-even analysis, and a summary of funding needs and potential funding sources.
Enhanced prompts:
- Include a three-year financial projection with revenue, cost breakdowns, and profit margins for [Business X].
- Create an investor-friendly summary that highlights financial viability and ROI potential for [Business X]
8. Conclusion
Prompt: Write a conclusion summarizing the key points of [Business X]’s business plan and include a call-to-action tailored for potential investors and strategic partners.
In the section above, we discussed some ChatGPT prompts you can use to brainstorm or generate a business plan draft. While most of the outputs sound convincingly accurate and well structured, cross-check every detail and customize the plan accordingly.
Tips for using ChatGPT to make a business plan
ChatGPT is a great tool for business owners and individuals who are 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 and industry-specific terms relevant to your business to help ChatGPT understand your business’s content.
- 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 important decisions.
- Review and fact-check: ChatGPT and other similar tools are prone to “hallucinations.” Solely relying on these tools can potentially mislead you. Always check for accuracy.
- 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.
How to check for soundness and completeness in an AI-generated business plan
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.
This section explores 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. You can also review 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.
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 it’s 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, and you must adapt any AI-generated business plan to fit your needs before using it.
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Key takeaways
For new entrepreneurs, I think Copy.ai is a good starting point. It’s user-friendly and offers a free plan to test the waters.
Upmetrics might be better for those who need more detailed plans. It provides deeper analysis and planning features.
Notion AI could work well for teams already using Notion for other tasks. Its flexibility allows for easy collaboration and integration with existing workflows.
Most of these tools offer free trials or basic plans. This lets users try them out before committing to a paid subscription.
Remember, while AI can write a professional business plan, reviewing and adjusting the generated plans is important. Your unique insights and business knowledge are still essential to create a solid plan.
Conclusion
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. This allows you to build an audience and establish credibility while displaying your products and services. AI website builders such as 10Web’s AI Website Builder can help you with this.
10Web’s 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.
Build your website in 1 minute
Create your dream website with 10Web AI Website Builder
and take your business online!
FAQ
How much of the business planning can I trust to AI?
How much should I know about my business idea to start planning it?
Can AI produce a business plan?
Is there a free AI business plan generator?
What AI can I use to write a business proposal?
What is the best AI to create a business plan?
Can ChatGPT write a business plan?
Can I write a business plan myself?
perfect
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?