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 12 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 12 AI-based business plan generators.
12 Best AI-based Business Plan Generators
1. Upmetrics
Upmetrics is the most efficient and reliable AI-powered business plan generator that helps new-age entrepreneurs create comprehensive business plans with its advanced AI capabilities.
With Upmetrics’ AI writing and financial forecasting assistant, creating a business plan is now easier than ever.
Upmetrics’ AI writing assistant helps you generate text, rewrite content, shorten or expand on it, and change the tone of it.
On the other hand, AI financial forecasting assistant makes accurate and realistic forecasting easier with revenue and expense stream suggestions.
The subscription includes 400+ fully customizable sample business plans, video tutorials, well-written documentation, and guides to ensure you are on the right track.
So, how does this Upmetrics AI assistant work?
Well, it’s pretty 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.
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.
For forecasting assistance, head over to the section you need help with, hit “Forecast with AI”, enter your business category, and get your suggestions.
You may similarly use the assistant for revenue streams, cost of sales, expenses, and personnel suggestions.
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.
- Check and correct grammatical errors and spelling mistakes.
- AI-powered financial forecasting assistant for accurate projections.
- AI-powered suggestions for revenue and expense streams.
- Accurate & reliable information depending on prompted information.
- Real-time updates and cloud storage, eliminating the risk of data loss.
- Business resources, video tutorials, and guides to help get started.
Pricing
Check out Upmetrics’ pricing plans:
| Plan | Starter | Premium |
|---|---|---|
| Pricing | $7 | $14 |
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 winning Business Plans with our
AI Business Plan Generator
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.
Pros
- 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.
Cons
- 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.
Pricing
Check out the pricing plans for Notion AI. You may visit their pricing page for detailed information.
| Plan | (Price) Plan + AI addon/month |
|---|---|
| Free | Free + $8 per member |
| Plus | $8 + $8 per member |
| Business | $15 + $8 per member |
| Enterprise | Custom + $8 per member |
3. 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 | $36 (If billed annually) |
4. Grammarly
Grammarly, a renowned cloud-based typing assistant we’ve been using to correct spelling and grammatical errors, has recently launched its AI business plan-generating feature.
The tool is designed to help its users generate an executive summary for their business plan. Yes, it only helps auto-write an executive summary, not an entire plan. The feature is part of Grammarly’s AI-assisted writing suite.
Using this feature is quite the easy deal—answer a few questions about your business, competitors, marketing, and financial health, and it will generate an executive summary or a one-page plan for you.
Since Grammarly is not a professional business plan software, it lacks many necessary features for writing a business plan, such as a business plan editor, financial forecasting, pitch deck creator, and other advanced business planning tools and resources.
Pros and Cons
Refer to the pros and cons of using Grammarly for business planning for more information:
Pros
- Grammarly is known for its writing and grammar quality.
- Grammarly’s AI assistant can help with writing tone and style suggestions.
- Grammarly has advanced data security for sensitive information.
Cons
- Lacks financial forecasting and other necessary business planning features.
- Grammarly doesn’t have an in-built business plan editor for customizations.
- Pricing plans are pretty expensive compared to other tools in the market.
Pricing
Grammarly’s business plan generator is a part of its writing suite, so there’s no dedicated plan for it. You may refer to Grammarly’s pricing plans here:
| Free | Premium | Business |
|---|---|---|
| $0 | $30/month | $25/mo per member |
5. 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.
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 |
6. 15MinutePlan
15MinutePlan.AI is an AI tool designed to create professional business plans for its users. To create a business plan using this tool, you have to fill out simple forms and select language, and you will have a business plan ready in 15 minutes.
Once the plan is ready, you may select the “Talk To Plan” feature to make the necessary changes to your plan. The GPT 3.5 and 4.0 powered AI takes over to make the required changes.
Although getting a business plan in 15 minutes sounds exciting, it may not be how you want it to be since AI is making the adjustments.
Choosing this tool may feel like a tough call due to its high pricing and limited market feedback. Feel free to revisit the list for reconsideration.
Pros and Cons
Have a look at the pros and cons of 15MinutePlan to learn more:
Pros
- Easy to use business plan generator.
- AI-powered suggestions and recommendations.
- Users can customize the pricing plans.
Cons
- Too expensive considering its feature offerings.
- Doesn’t have an in-built business plan editor for customizations.
- Limited free preview features to make judgments.
Pricing
They don’t have a dedicated pricing page on their website. But, based on our research their premium plan starts from $99.
| Free | Premium |
|---|---|
| $0 | From $99 |
7. 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.
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 | $29 (If billed annually) | Customized Plans |
You may visit Beautiful AI’s pricing page for detailed information.
8. Bit AI
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:
- 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 | $8 Per Month | $15 Per Month |
9. 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.
Pros
- 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.
Cons
- 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.
Pricing
Check out the pricing plans for Simplified AI. You may visit their pricing page for detailed information.
| Specifications | Free Forever | Small Team | Business | Growth |
|---|---|---|---|---|
| Members | 1 | Up to 5 member | Up to 5 member | Up to 5 member |
| Storage | 1 GB | 100 GB | 200 GB | 500 GB |
| Pricing/Month (If billed annually) |
Free | $20 | $33 | $81 |
10. 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.
Pros
- Time-saving: AI can produce content more quickly than human writers.
- 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.
Cons
- Limited customization: AI-generated templates may not always suit your requirements.
- Data dependence: The results heavily rely on the data. A lack of data may result in low-quality responses.
- Not for detailed business planning: this isn’t suitable for detailed business planning with long-term financial forecasting.
Pricing
Check out the pricing plans for Writecream. You may visit their pricing page for detailed information.
| Specifications | Free Forever | Unlimited (Limited Time Offer) |
Standard | Extended |
|---|---|---|---|---|
| Credits | 20 | Unlimited | 200 | 750 |
| Pricing/Month (If billed annually) |
Free | $29 | $49 | $69 |
11. 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.
Pros
- Accessibility: Easily accessible tool, even for non-technical users.
- Free to use: Cookup AI is a 100% free-to-use AI tool.
Cons
- 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.
- Limited understanding: the tool may lack industry dynamics and market nuances.
12. 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
Pros and Cons
Here’s the list of pros and cons of ChatGPT 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 12 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.
Related Articles On Business Plan Writing
- Using ChatGPT for Business Plan Creation
- Overview of Different Types of Business Plans
- Estimating the Cost of Your Business Plan
- Books to Guide You in Writing a Business Plan
- Step-by-step Guide on Writing a Business Plan
- Constructing a Management Section in Your Business Plan
- Effective Ways to Conduct Market Analysis
- Detailing Your Products and Services in Your Business Plan
- Crafting a Thorough Business Plan Outline
- Designing an Appealing Business Plan Cover Page
- Including a Confidentiality Statement in Your Business Plan
- Free Startup Business Plan Template
