8+ Best AI Business Plan Generator Tools You Should Try

Are you starting a business or looking to expand an existing one? But the thought of writing a business plan is not easy. Traditional business planning is often a time-consuming and overwhelming process. Thankfully, we’re in the age of artificial intelligence, and it’s here to help.

This post will explore the best AI business plan generator tools, saving entrepreneurs valuable time and resources while creating winning strategies.

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What is an AI Business Plan Generator?

An AI Business Plan Generator is an online business tool that uses artificial intelligence to help entrepreneurs and business owners create comprehensive business plans. It typically works by asking the user a series of questions about their business idea, target market, financial projections, and other key aspects. Based on the user’s input, the AI generator then creates a customized business plan, often including sections such as:

• Executive Summary: A brief overview of the business, its mission, and key goals.
• Company Description: Detailed information about the business, its history (if applicable), and its legal structure.
• Market Analysis: Research on the target market, industry trends, and competition.
• Marketing and Sales Strategy: Outline of how the business will reach and attract customers.
• Financial Projections: Forecasts of income, expenses, and profitability.

Why Should You Use an AI Business Plan Generator?

AI business plan generators offer a streamlined and efficient approach to crafting a comprehensive plan. Here’s why you should consider using one:

• Saves Time and Effort: AI eliminates the need for extensive manual research and writing, enabling you to generate a detailed plan in a fraction of the time.
• Provides Structure and Guidance: These tools offer templates and prompts that ensure your plan covers all essential aspects and adheres to industry standards.
• Offers Data-Driven Insights: AI analyzes market trends and competitor data, providing valuable insights to inform your strategy and decision-making.
• Enhances Accuracy and Consistency: AI minimizes errors and inconsistencies, ensuring a polished and professional final product.
• Ideal for Beginners: Even those with limited business planning experience can create a well-structured plan with AI assistance.

8+ Best AI Business Plan Generator Tools

PrometAI 

PrometAI is an AI-powered platform designed to simplify and enhance the business planning process. It leverages artificial intelligence to help entrepreneurs, startups, and businesses create comprehensive, data-driven business plans and valuations.

Key Features:

• AI Business Plan Generator: Creates tailored business plans with industry-specific templates and guidance.
• Expert-Designed Valuation: Provides accurate financial valuations using various methodologies.
• Strategy Toolkit: Offers a range of strategic planning tools (SWOT, Porter’s Five Forces, etc.)
• Blueprint Structure: Guides users through a structured business plan creation process.
• Educational Resources: Offers insights and tips throughout the planning journey.

Pricing:

• Free Forever: Limited features, basic plan generation
• Paid Plans: Unlock advanced features, custom branding, more AI requests, etc.

Grammarly

Grammarly, primarily known for its grammar and writing assistance tools, has expanded its offerings to include an AI-powered business plan generator. While not as comprehensive as dedicated tools like PrometAI, it offers a helpful starting point for crafting a basic plan, particularly for those already familiar with Grammarly’s interface.

Key Features:

• AI-Powered Writing Assistance: Provides suggestions for improving clarity, conciseness, and overall writing quality.
• Basic Plan Structure: Offers a template and guidance for outlining the core components of a business plan.
• Integration with Grammarly’s Suite: Works seamlessly with Grammarly’s other tools for proofreading and editing.

Pricing: Free and the premium plan starts at $12

Visme 

Visme is a versatile design platform that also offers a powerful AI business plan generator. It’s designed to help both novice and experienced entrepreneurs create comprehensive and visually appealing business plans quickly. The generator combines AI writing assistance with customizable templates and design tools, making it a comprehensive solution for building your plan.

Key Features:

• AI-Powered Writing: Suggests text and content for various sections of your business plan.
• Customizable Templates: Choose from a variety of professionally designed templates to match your brand.
• Design Flexibility: Customize colors, fonts, and layouts to create a unique plan.
• Financial Projections: Includes tools for financial forecasting and modeling.
• Collaboration: Allows team members to work together on the plan in real-time.

Pricing:

• Free Version: Offers basic AI generation and limited templates.
• Paid Plans (Starting at $12.25/month): Unlock additional templates, features, and design assets.

PlanPros

PlanPros is an AI-powered business plan software designed to streamline the plan creation process. It focuses on guiding you through each step, from defining your business idea to financial projections. The platform is known for its user-friendly interface and its ability to generate a detailed plan in a relatively short time.

Key Features:

• Step-by-Step Guidance: Walks you through each section of the plan with prompts and examples.
• Industry-Specific Templates: Offers templates tailored to various industries and business types.
• Financial Forecasting: Helps you create realistic financial projections and scenarios.
• Investor-Ready Plans: Produces professional-looking plans suitable for presenting to potential investors.
• Customer Support: Provides support and resources to assist you during the planning process.

Pricing:

• PlanPros offers a free trial to get started.
• Their paid plans start at $15 per month, with additional features available at higher tiers.

ChatGPT

ChatGPT, developed by OpenAI, is a highly versatile AI language model. While not exclusively designed for business plan generation, its ability to understand and respond to prompts makes it a valuable tool for creating outlines, drafting sections, and refining content.

Key Features:

• Customizable Prompts: Users can guide the AI with detailed prompts to outline different sections of their plan.
• Idea Generation: ChatGPT can brainstorm potential business names, marketing strategies, or value propositions.
• Drafting Assistance: It can help write executive summaries, market analyses, and other sections.
• Editing and Refinement: The AI can improve the clarity and coherence of existing text.

Pricing:

• Free Version: Offers basic functionality for experimenting with the tool.
• ChatGPT Plus: Subscription-based plan (currently $20/month) provides priority access, faster response times, and access to the latest model updates.

Upmetrics 

Upmetrics is a dedicated business plan software designed to guide entrepreneurs through the planning process step-by-step. It offers templates, financial projections, and collaboration tools to streamline the creation of a professional-looking business plan.

Key Features:

• Guided Templates: Choose from a variety of industry-specific templates to structure your plan.
• Financial Forecasting: Upmetrics provides tools for creating detailed financial projections, including income statements, balance sheets, and cash flow statements.
• Collaboration: Work with team members and advisors in real-time on your plan.
• Export Options: Easily export your plan to PDF or Word format for sharing with investors or lenders.

Pricing: Upmetrics offers a free trial and several paid plans, starting at around $9 per month, with varying features and support levels.

Final Thoughts

AI business plan generators are transforming the way entrepreneurs launch and grow their businesses. They’re not just a time-saver; they’re a powerful tool that can equip you with the knowledge and insights to make smarter decisions. Whether you’re a seasoned business owner or a first-time entrepreneur, explore the world of AI business planning and unlock your full potential.

Read More: What Are the Best AI Apps for iPhone and Android?