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 5 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 5 AI-based business plan generators.
5 Best AI-based Business Plan Generators
1. Copy AI
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.
Pros
- 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.
Cons
- 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.
Pricing
Copy AI has a free plan, but it only comes with 10 credits, so you will definitely need a subscription moving forward.
| Specifications | Free Plan | Pro Plan |
|---|---|---|
| Number of Credits (Per month) |
10 Credits | Unlimited |
| Priority Support | No | Yes |
| Premium community | No | Yes |
| 90+ copywriting tools | Yes | Yes |
| Pricing/month | $0 | $36Â (If billed annually) |
2. Beautiful AI
Beautiful AI is an AI-powered presentation software helping 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.
Pros and Cons
Here’s the list of pros and cons of Beautiful AI you should consider before purchasing.
Pros
- 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.
Cons
- 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.
Pricing
Beautiful AI doesn’t have a free plan, but a free trial is available. Check out its pricing plans.
| Plan | Pro | Team | Enterprise |
|---|---|---|---|
| Price (If billed Annually) |
$12 per month | $40 per month | Custom |
3. Wordcraft 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.
Pros and Cons
Here’s the list of pros and cons of Beautiful AI you should consider before purchasing.
Pros
- 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.
Cons
- Need lots of fact-checking: AI may sometimes produce incorrect information.
- Limited creativity: While Wordkraft AI can save time, it may not be as creative as humans.
- Generating long-form content can be frustrating: You may want to take one section at a time.
Pricing
Wordkraft AI has a free plan but comes with a 1,000-word limit, so you will definitely need a subscription moving forward.
| Specifications | Free Plan | Pro Unlimited | Enterprise |
|---|---|---|---|
| Number of Credits (Per month) | 1000 words | Unlimited | Unlimited |
| Image generator | No | Yes | Yes |
| Access to a pre-built template | Yes | Yes | Yes |
| 24/7 Support | No | Yes | Yes |
| Pricing/month | $0 | $29Â (If billed annually) | Customized Plans |
You may visit Beautiful AI’s pricing page for detailed information.
4. Bit AI
A Bit AI is a cloud-document collaboration document and management platform helping users create, share, and track digital documents.
The AI-powered tool allows users to add images and text and 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:
- 65+ smart slide templates with pre-designed slide galleries.
- Brand consistency with custom presentation themes.
- Hundreds of customizable starter templates.
Furthermore, you can embed Bit documents onto any website; you can interact with these documents and see them in their entirety.
Pros and Cons
Here’s the list of pros and cons of Bit AI you should consider before purchasing.
Pros
- 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.
Cons
- 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.
Pricing
Check out the pricing plans for Bit AI. You may visit their pricing page for detailed information.
| Specifications | Free Plan | Pro Unlimited | Enterprise |
|---|---|---|---|
| Number of Members | 5 Members | Unlimited | Unlimited |
| Documents | 50 documents | Unlimited | Unlimited |
| Storage | 1 GB | 500 GB | Unlimited |
| Trackable Documents | No | No | Yes |
| Pricing/month (If billed annually) | $0 | $8Â Per Month | $15 Per Month |
5. ChatGPT—A Free Alternative
ChatGPTÂ 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.
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
Pros and Cons
Here’s the list of pros and cons of Bit AI you should consider before purchasing.
Pros
- 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.
- Time-saving: AI can produce content more quickly than human writers.
Cons
- Need lots of fact-checking: AI may sometimes produce incorrect information.
- 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 5 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.
Conclusion
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.
