10 Best AI Business Plan Generators For 2024

AI Business Plan Generators

Starting a new business can be overwhelming, but a good business plan can make it easier. It helps you set goals, understand your competition, study the market, and plan your finances. Making a good business plan isn’t simple; it needs careful thinking and research. 

But, in today’s AI-driven era, creating a standout business plan has become more accessible. I will show you how to use an AI business plan generator free of cost using unique prompts to create a well-structured and detailed business plan. Additionally, I will provide tips for using ChatGPT to generate effective business plans for free. So, wait, let’s get started! 

What Is an AI Business Plan Generator?

A business plan generator is a tool powered by artificial intelligence that creates a business plan automatically based on user-provided prompts. You can utilize these AI business plan generators for free, but to access additional features, you may need to subscribe and pay for a premium membership.

Key Points to Consider!

When creating an AI business plan template, consider these key points:

Clear Objective:

What do you want to achieve with your business, and what is the main focus of your plan?

Unique Prompts:

Use unique and specific prompts to guide the AI. For example, you can ask the AI to describe your unique value proposition or your target market in detail.

Market Analysis:

Request the AI to provide a thorough analysis of your target market, including demographics, trends, and potential challenges. This will help you understand your market better.

Competitor Analysis:

Ask the AI to identify and analyze your competitors, their strengths and weaknesses, and how your business will differentiate itself.

Financial Projections:

Inquire about financial forecasts, such as startup costs, revenue estimates, and profit projections. This will help you plan your finances effectively.

Strategic Insights:

Request the AI to suggest strategies for marketing, operations, and growth. This can provide valuable ideas to enhance your business plan.

Editing and Refinement:

Use the AI to review and refine your plan. It can help you correct any errors or inconsistencies.

10 Best Free AI Business Plan Generator Tools

Here are the top paid and free online AI business plan generators to create AI startup business plans. 

1. Copy AI

Copy AI is an AI writing assistant that uses the power of AI and natural language processing. Furthermore, Copy AI can function as an AI tool for generating business plans. You can log in and choose from a variety of pre-designed templates to create business plans tailored to your specific ventures.

A lot of business plan templates are available to use. Here is the prompt for a simple business plan template.

Prompt:

[Name of your business] is a new business that will provide [description of the problem your business solves]. The business will solve this problem by [description of how the business will solve the problem].

The target market for this product or service is [description of the target market for this product or service]. The business plans to reach its target market by [explain how you plan to reach your target market and make money].

Key Features:

  • Copy AI can generate various types of content, from blog articles to ad copies, eCommerce descriptions, sales pitches, and social media content, making it versatile for different marketing needs.
  • It offers a selection of business plan templates to simplify the process of creating business plans. You can input key business details to generate a customized plan.
  • Copy AI enables you to tailor the tone and style of your content, ensuring that the generated material aligns seamlessly with their brand and messaging.

Pricing:

  • Free Plan
  • Pro Plan: $36 per month
Copy AI

2. WordKraft AI

WordKraft AI is a web application driven by GPT-3.5, designed to produce high-quality, authentic, and optimized content suitable for various purposes, including marketing, blogging, and social media. It also offers a free business plan template to help you generate a business plan draft.

To create a business plan with WordKraft, you’ll provide information about your business. This includes an introduction, the benefits it offers, how it solves a problem, details about your target market, and strategies for reaching and engaging your audience.

Prompt:

Help me to generate a business plan [Name of company] is a [type of business] that will be based in [city], [state]. The company will be owned and operated by [name(s) of the owner(s)]. [Name of company] will provide [type of product or service] to [target market].

[Name of company] is committed to providing high-quality products and services that meet the needs of our customers. We will strive to exceed our customers’ expectations and build long-term relationships.

Key Features:

  • WordKraft AI uses GPT-3.5 to produce high-quality and authentic content suitable for marketing, blogs, and social media.
  • It provides a free business plan template to guide you in creating business plans by prompting you to input essential business information.
  • WordKraft offers an easy-to-use interface, making it accessible for entrepreneurs who may not have advanced technical skills.

Pricing:

  • Free Plan
  • Pro Unlimited: $29 per month
  • Enterprise Plan: (custom pricing)
WordKraft AI

2. WordKraft AI

WordKraft AI is a web application driven by GPT-3.5, designed to produce high-quality, authentic, and optimized content suitable for various purposes, including marketing, blogging, and social media. It also offers a free business plan template to help you generate a business plan draft.

To create a business plan with WordKraft, you’ll provide information about your business. This includes an introduction, the benefits it offers, how it solves a problem, details about your target market, and strategies for reaching and engaging your audience.

Prompt:

Help me to generate a business plan [Name of company] is a [type of business] that will be based in [city], [state]. The company will be owned and operated by [name(s) of the owner(s)]. [Name of company] will provide [type of product or service] to [target market].

[Name of company] is committed to providing high-quality products and services that meet the needs of our customers. We will strive to exceed our customers’ expectations and build long-term relationships.

Key Features:

  • WordKraft AI uses GPT-3.5 to produce high-quality and authentic content suitable for marketing, blogs, and social media.
  • It provides a free business plan template to guide you in creating business plans by prompting you to input essential business information.
  • WordKraft offers an easy-to-use interface, making it accessible for entrepreneurs who may not have advanced technical skills.

Pricing:

  • Free Plan
  • Pro Unlimited: $29 per month
  • Enterprise Plan: (custom pricing)
WordKraft AI

3. Bit AI

Bit AI is a cloud-based collaboration platform designed for global organizations. It facilitates collaboration, organization, and management of various documents, such as wikis, knowledge bases, projects, client deliverables, and more. It also offers prebuilt templates for creating modern business plans.

Bit AI allows real-time collaboration and the creation of responsive and private documents. You can also embed various resources like web links, charts, diagrams, videos, and spreadsheets to make your business plan engaging.

Prompt:

Title: [Business Plan Title] || Created By: [Your Name] / Date: [Date]

Executive Summary:

Our business, [Your Business Name], addresses the problem of [Describe the problem your business addresses]. This problem is significant in the [Target Market], as [Explain the need it fulfills in your target market]. The market analysis indicates that [Provide market analysis to support your points]. Our solution, [Your Product/Service Name], effectively solves this problem by [Explain how your solution effectively solves the identified problem].

Business Overview & Key Objectives:

[Your Business Name] is well-positioned in terms of timing and location to achieve its main objectives, which are [List your main objectives]. We are strategically located in [Location], a hub for [Explain the relevance of the location to your business].

Marketing Plan:

Our target market is [Describe your target market], with a market size of [Market Size] and a growth rate of [Growth Rate]. Our market entry strategy involves [Your Entry Strategy], and we plan to capture [Your Market Share Goal] of the market. Our marketing strategy includes [Marketing Strategies].

Competitive Analysis:

We have identified several competitors in our space, including [Competitor 1], [Competitor 2], and [Competitor 3]. Our analysis shows that we differentiate ourselves by [Explain how you differentiate]. Our competitors’ strengths include [Competitor Strengths], but our [Your Competitive Advantages] give us a competitive edge.

Design & Development:

[Your Product/Service Name] is designed to provide [Core Functionality]. Key features of our product/service include [List Key Features]. We plan to introduce [Groundbreaking Features] to stay ahead in the market.

Operational Plan:

Our key team members bring extensive experience in [Relevant Industry]. The team includes [Key Team Members] with expertise in [Their Expertise Areas]. Their backgrounds align with our industry, and their roles are crucial for [Explain their roles in achieving business goals].

Financial Forecast:

Our financial forecast projects a cash flow of [Cash Flow Forecast] over [Period]. The initial investment requirement is [Initial Investment Requirement], and we aim to reach profitability within [Profitability Timeline]. Our current financial situation includes [Current Financial Situation], and future projections indicate [Future Financial Projections].

Key Features:

  • Bit AI offers a cloud-based collaboration platform that allows teams from different locations to collaborate, organize, and manage various documents, making it suitable for global organizations.
  • It facilitates real-time collaboration on documents, simplifying teamwork for groups working on business plans and various other documents.
  • You can enhance your business plans by embedding web links, charts, videos, and more, creating engaging and informative documents.

Pricing:

  • Free Plan
  • Pro Plan: $8 per member per month
  • Business Plan: $15 per member per month
Bit AI

4. Beautiful AI

Beautiful AI is an innovative generative AI presentation software that streamlines the creation of captivating presentations. It provides a diverse range of contemporary and artistically crafted templates designed for a multitude of uses.

Beautiful AI also functions as an AI business plan generator. You can choose from a range of quality templates to create elegant business plans and presentations without needing design skills.

Key Features:

  • Beautiful AI is primarily a presentation software that simplifies the creation of visually stunning presentations, suitable for business plans and other purposes.
  • It offers a collection of over 100 modern and creatively designed templates to help you jumpstart your presentations and business plans.
  • Beautiful AI is designed for ease of use, allowing you to create beautiful presentations and business plans without requiring design skills.

Pricing:

  • Pro: $12 per user per month
  • Team: $40 per user per month
Beautiful AI

5. Notion AI

Notion AI is a versatile productivity and workspace application that goes beyond traditional note-taking and document management. While it’s not specifically designed as an AI business planner, it offers valuable features for creating high-quality, interactive, and shareable business plans through its templates. Collaboration with team members is seamless, and you can integrate various useful tools like Google Docs, Trello, and Slack. 

To create a business plan, you need to give only 2-3 lines of prompt describing your business idea. Then cover the key sections: executive summary, business description, market analysis, marketing and sales strategy, operations and management, financial projections, funding requirements, audience, SWOT analysis, and milestones.

Prompt:

Generate a concise business plan for a [describe your business type or industry]. 

Key Features:

  • Notion AI offers a versatile workspace for project management, note-taking, and document management, making it an all-in-one solution for business planning.
  • Notion AI provides templates that help you create interactive and shareable business plans quickly.
  • Teams can collaborate within Notion, sharing ideas and leaving feedback. Integration with tools like Google Docs, Trello, and Slack enhances collaboration.

Pricing:

  • Free Plan
  • Plus, plan at $10/user per month
  • Business plan at $18/user per month.
Notion AI

6. LivePlan

LivePlan is an automated business planning software suitable for any type of business at any stage. It simplifies the business plan creation process with customizable templates that align with the traditional structure.

LivePlan is a capable AI business planner, offering a wide selection of templates and financial forecasting and performance tracking features. You can use ChatGpt to generate prompts for LivePlan AI.

Prompt:

Help me to create a detailed business plan for a [describe your business type or industry]. Include the following key sections [what is your market, what is the target, what are the demographics, and what fits in your marketing plan].

Key Features:

  • LivePlan simplifies the business plan creation process with automated tools, making it suitable for businesses at any stage.
  • You have the flexibility to tailor business plan templates to suit your unique requirements while maintaining the conventional framework.
  • LivePlan offers financial forecasting tools to help businesses plan and project their financial performance.

Pricing:

  • Pricing starts at $20 per month for the Standard plan.
LivePlan

7. Simplified

Simplified offers a suite of AI-powered tools for businesses of any size. This includes an AI business plan generator that provides pre-structured templates for creating business plans. You can select the tone and language you prefer or start from scratch and provide context and instructions.

Simplified also integrates tools like Grammarly and graphic design, video editing, and image generation capabilities to enhance your business plan’s visual appeal. 

Prompt:

Create a business plan [Business Name], a groundbreaking startup dedicated to addressing [specific problem or need] by [innovative solution or approach]. Our target market is [description of the target market], a group that will greatly benefit from our solution. Our go-to-market strategy includes [briefly describe your strategy to reach and serve your target market] to generate revenue and achieve sustainable growth.

Key Features:

  • Simplified provides a suite of AI-powered tools, including an AI business plan generator, AI writer, AI content rewriter, and more.
  • You can use pre-structured business plan templates that can be customized to suit your specific business needs.
  • Simplified integrates with tools like Grammarly and offers graphic design, video editing, and image generation capabilities to enhance the visual appeal of business plans.

Pricing:

  • Free plan
  • Small-team plan at $24/month 
  • Business plan at $40/month
Simplified

8. Cookup AI

Cookup AI is a database of user-friendly AI tools designed to simplify the task of finding and using AI tools for non-technical users. One of its offerings is an AI business plan generator that helps outline business goals, strategies, and objectives. 

You need to provide comprehensive information and context about their business. Cookup AI is a time-saving solution but requires collaboration with team members to ensure accurate representation of business visions and goals.

Prompt:

Generate a comprehensive business analysis report for [Business Name] that highlights its [Main Goal]. The content should include data-driven insights, visual elements, and persuasive text that explain the problem [Business Name] addresses and the need it fulfils in the [Target Market]. 

Key Features:

  • Cookup AI is designed for non-technical users, making it easy to find and use AI tools for various tasks, including business plan generation.
  • Cookup AI’s minimal interface simplifies the business plan creation process by allowing you to generate comprehensive plans.
  • Cookup AI encourages collaboration with team members to ensure that business plans accurately reflect the business’s goals and vision. 

Pricing:

  • It is available for free, making it accessible to all businesses.
Cookup AI

9. Brixx Planning Software 

Brixx Planning Software is a comprehensive financial forecast tool designed for cash flow, budgeting, and business planning. It also serves as a business planning software, helping businesses create formal business plans that define their goals and objectives while providing a roadmap for achieving them. 

For those interested in AI-assisted financial planning for business plans, Brixx offers an AI business planner that can be integrated with tools like ChatGPT. This combination enables you to create more accurate and comprehensive business plans.

Key Features:

  • Brixx is primarily a financial forecast software, allowing you to project cash flow and budget for your businesses, which is crucial for effective business planning.
  • Brixx provides tools for creating formal business plans, enabling you to define your business goals, objectives, and strategies to achieve them.
  • Brixx can be integrated with AI tools like ChatGPT, enhancing the quality and depth of business plans by leveraging artificial intelligence.

Pricing:

  • Free foundations plan
  • Essentials for $13 per month
  • Professional for $26 per month
  • Enterprise for $39 per month.
Brixx

10. ChatGPT 

ChatGPT is an advanced chatbot powered by machine learning and natural language processing. While it is not specifically designed as AI business plan software, it can assist in creating a business plan through a series of prompts and interactions. 

You can provide information about your business, and ChatGPT can generate content and guidelines for different sections of the business plan. Alternatively, you can request ChatGPT to create an outline for their business plan and then instruct it to draft each part based on the provided information.

Prompt:

Help me to write a detailed business plan for [Your Business Name] that encompasses a wide range of factors. Here are the important details. I am just starting with only [ write your investment ]. Incorporate financial projections for the next [Number of Years] years, encompassing income statements, balance sheets, and cash flow statements. My target audience is [ your audience]. The purpose of my business is [ write your goal].

Key Features:

  • ChatGPT can understand and generate human-like text, making it easy for users to communicate and receive responses in natural language.
  • ChatGPT can assist in generating content for various purposes, including business plans, by providing detailed information based on user inputs and prompts.
  • While not specifically a business planning tool, ChatGPT can be used for a wide range of applications, from answering questions to creative writing and content generation.

Pricing:

  • Free plan 
  • ChatGPT Plus subscription for $20 per month.
ChatGPT

Tips To Use ChatGpt Effectively

Here are some tips for using ChatGPT to generate effective business plans:

1. Clarify Your Vision

Clearly explain your business concept, products, or services and what makes your business unique. The more details you provide, the better the AI can assist you.

2. Ask Follow-up Questions

If the AI’s response isn’t detailed enough, don’t hesitate to ask follow-up questions for more information or clarification.

3. Use a Structured Approach

Organize your plan into sections like executive summary, market analysis, financial projections, and strategies. Then, use the AI to fill in each section.

4. Personalize Your Plan

Review and customize the generated content to make it align with your business vision and goals. Avoid using generic or boilerplate content.

5. Critical Thinking

While AI can assist, remember to use your critical thinking and judgment to ensure your plan is practical and aligned with your business aspirations.

FAQs

AI business plan generators work by using algorithms to analyze user inputs and generate text that fits the structure and requirements of a business plan. Users typically provide information about their business, and the AI tool organizes it into a coherent plan.

Using an AI business plan generator can save time and effort in creating a business plan. It can provide structure, suggest content, and help users think critically about their business’s goals and strategies.

Yes, some AI business plan generators offer free plans with limited features like ChatGpt and Cookup AI. You can also find affordable subscription options for more advanced features.

Final Verdict

AI business plan generators are valuable tools that can streamline the business planning process, making it more efficient and accessible. They offer benefits such as time savings, structured templates, and content generation. However, it’s important to recognize that they should complement, not replace, human expertise. The strategic thinking, market insights, and creativity of entrepreneurs are essential elements that AI tools cannot fully replicate.

Ultimately, AI business plan generators are most effective when used in collaboration with human decision-makers. They can assist in data organization, content generation, and formatting. They allow business owners to focus on critical thinking and decision-making, resulting in more well-rounded and successful business plans. 

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