create a business plan ai

Create Your Business Plan in Minutes

Type your business idea below.

What Our Users Say

Zakariya A.

How it Works

Questionnaire

Respond to a series of targeted questions about your business goals and objectives.

AI Business Plan Generator

The engine analyzes your responses and generates a business plan tailored to your vision.

SBA Approved Business Plan

Receive a detailed, tailored business plan that aligns with your requirements. Ready for funding.

WHO BENEFITS FROM Plannit?

Aspiring Entrepreneurs

Analyze your ventures through extensive business plans aligned with your vision and goals.

Business Owners

Back your business with a solid plan that aligns with your vision and goals. Perfect for startups and small businesses.

Educational Institutions

Develop your business understanding and vocabulary by analyzing your business idea and creating a plan.

Startups Accelerators

Work alongside your founders as they build their plan to ensure they have a solid roadmap for growth and scalability.

Try Plannit AI For Free

Funding ready business plan, executive summary, company overview.

Problem Statement

Business Description

Mission Statement

Business Model

Products and Services

Additional Features

Revenue Model

Market Analysis

Target Market

Market Size and Segments

Unique Value Proposition

Risks and Mitigations

Identified Risks

Mitigation Strategies

Financial Overview

Income Statement

Marketing and Sales Plan

Focus On Your Vision

Key features & benefits, ai editing companion.

Modify and regenerate sections of your business plan using premade or custom prompts. Our AI will help you refine your plan to perfection.

Multi-User Collaboration

Invite team members with easy sharing to collaborate on your business plan in real-time. Communicate and make changes together. Collaborate with your partners in real-time as you perfect your plan.

Education Center

Immerse yourself in a rich library of articles, tools, templates, webinars and resources for continuous business and professional growth. Learn all about the key aspects of starting, running and growing a business.

Powered by Chat GPT

Our algorithms are powered the latest in AI technology to ensure the most accurate and relevant output. We use OpenAI's GPT 4 and 3.5 engines for the perfect blend of accuracy and speed.

Business Resources

We recommend a variety of useful tools and resurces that help sustain your growth. We only recommend the best in the business. Filter your needs and equip yourself with the best tools.

Plan Samples

Explore a library of sample business plans we generated to get the idea of what to expect. Currently able to generate viable plans for 50+ industries.

Financial Projections

Take an additional questionnaire about your financial trajectory and get a detailed financial projection + 3 year income statement for your business.

Tools and Templates

Plannit's comprehensive suite that accompany business planning. From pitch decks to financial models, we have you covered.

Plan Export

Download your business plan in an editable .docx format. Fully edit & share your plan with investors, partners, and stakeholders.

Privacy & Security

Rest assured, your privacy is our top priority, and we're committed to keeping your information safe and confidential.

PLANNIT BUSINESS ECOSYSTEM

Frequently Asked Questions

What is a business plan and why is it important.

• Initiate with Your Business Concept: Lay the Groundwork: Start by introducing your business idea into Plannit AI's Business Plan Generator. This first step is crucial, as it sets the tone for a tailored, insightful business plan that truly resonates with your vision. Capture the Essence: Our platform is designed to grasp the nuances of your concept, ensuring that the generated plan accurately reflects the core and potential of your business.
• Navigate Through the AI-Guided Questionnaire: Tailored Interactive Experience: Plannit AI’s AI-guided questionnaire is your interactive guide through the planning process. It meticulously gathers information about your business's objectives, strategies, and market positioning, ensuring a comprehensive and reflective plan. Intelligent Feedback and Suggestions: As you progress through the questionnaire, benefit from smart prompts and suggestions, ensuring that your plan is not just detailed but also strategically sound and aligned with industry standards.
• Generate Your Plan with Advanced AI: Intuitive Plan Creation: With the questionnaire complete, Plannit AI's advanced algorithms intelligently analyze your responses. They then craft a detailed, customizable, and strategically aligned business plan, providing you with a structured, coherent, and actionable format. Benefit from AI-Powered Insights: Plannit AI offers AI-driven insights and suggestions, ensuring your plan is not just a document but a strategic tool equipped with tailored AI prompts and an in-app plan editor. Get inspired by browsing through our sample business plans, a collection of successful strategies across various industries.
• Finalize Your Plan with Confidence: Dynamic Adaptation and Refinement: Plannit AI recognizes that a business plan is a living document. Our platform allows for continuous adaptation and refinement, ensuring your strategy remains agile, relevant, and aligned with your evolving business goals. Professional Presentation and Sharing: Once your plan meets your standards, utilize Plannit AI's export features to present your plan professionally. Choose between various formats for exporting your business plan, ready to impress stakeholders, attract investors, or guide your team. Review and Adapt: Ensure your business plan is a living document, ready to evolve with your growing business. Plannit AI's dynamic platform allows you to adapt your strategy as new opportunities or challenges arise.

How to Write a Business Plan?

• Roadmap for Success: At its core, a business plan acts as a strategic guide, providing detailed steps on how your business will achieve its objectives. It helps you navigate the startup phase, manage growth effectively, and tackle unforeseen challenges with a well-thought-out strategy.
• Securing Funding: For startups and businesses looking to expand, a business plan is crucial for securing loans or attracting investors. It demonstrates to potential financial backers that your business has a clear vision, a solid strategy for profitability, and a plan for delivering returns on their investment.
• Informed Decision-Making: A well-prepared business plan offers valuable insights into your market, competition, and potential challenges. This information is vital for making informed decisions, from day-to-day operations to long-term strategic shifts.
• Market Analysis and Strategy: It allows you to conduct an in-depth analysis of your target market, understand customer needs, and position your product or service effectively. The marketing strategy outlined in your business plan helps in identifying the best channels and tactics to reach your audience and achieve market penetration.
• Financial Planning: One of the most critical components of a business plan is the financial forecast. It outlines your funding requirements, expected revenue, profit margins, and cash flow projections. This section is essential for budgeting, financial management, and ensuring the financial viability of your business.
• Goal Setting and Performance Measurement: A business plan sets clear, measurable goals and objectives. It provides a framework for monitoring performance, measuring success, and making necessary adjustments to stay on track.

Who Can Benefit from Plannit AI?

• Aspiring Entrepreneurs: If you're at the idea stage, looking to transform your vision into a viable business, Plannit AI offers the tools and guidance to bring your concept to life. Our platform helps you articulate your business idea, define your target market, and develop a solid plan to turn your dream into reality.
• Students and Educators: For students delving into the intricacies of business planning and educators teaching the fundamentals of entrepreneurship, Plannit AI serves as an invaluable resource. It provides a practical, hands-on tool for learning and teaching how to create detailed business plans, analyze markets, and understand financials in a real-world context.
• Startup Founders: In the dynamic startup environment, Plannit AI is the ideal partner for founders looking to pivot quickly, secure funding, or understand their competitive landscape. With our AI-driven insights and market analysis tools, startups can make informed decisions and adapt their strategies to thrive in competitive markets.
• Small Business Owners: For small business owners seeking to optimize their operations, expand their customer base, or explore new markets, Plannit AI offers targeted solutions. Our platform simplifies the planning process, enabling owners to focus on growth while managing the day-to-day challenges of running their business.
• Consultants and Freelancers: Consultants and freelancers specializing in business development, strategic planning, or financial advising will find Plannit AI a powerful addition to their toolkit. It allows them to provide clients with comprehensive, data-driven business plans and strategies, enhancing the value of their services.
• Non-Profit Organizations: Leaders of non-profit organizations can leverage Plannit AI to plan initiatives, secure funding, and manage resources more efficiently. Our platform helps non-profits articulate their mission, set achievable goals, and measure their impact, ensuring they can make a difference in their communities.
• Innovators and Inventors: Individuals looking to commercialize innovative products or technologies can use Plannit AI to navigate the complexities of bringing new ideas to market. From patent strategies to go-to-market plans, our platform covers all bases, ensuring innovators can focus on what they do best.
• Small Business Development Centers (SBDCs) and Government Agencies: Government and SBA backed entities can greatly benefit from integrating Plannit AI into their services, enhancing their ability to support a larger number of clients more efficiently. By facilitating quicker, more in-depth business plan development, these organizations can spend more time assisting with plan execution and less time on creation, ultimately serving their communities more effectively.
• Anyone with a Business Idea: Ultimately, Plannit AI is for anyone with a business idea, regardless of industry, experience, or stage of business development. Our mission is to democratize business planning, making it accessible, understandable, and actionable for everyone.

Why is Plannit AI the best choice for an AI business planning software?

• Interactive Questionnaire and ChatGPT Integration: Plannit AI transforms the business planning process into an engaging conversation. Through our advanced ChatGPT integration, we offer a questionnaire that dynamically adapts to your responses, ensuring your plan is personalized, comprehensive, and aligned with your business goals.
• Dynamic Planning Environment: Unlike static templates provided by many, Plannit AI introduces a living platform that grows with your business. It features real-time updates, strategic insights, and a feedback mechanism that keeps your business plan current and actionable.
• Extensive Educational Resources: Our Education Center is packed with articles, guides, and sample plans to bolster your planning process. It's designed to arm you with the knowledge to navigate the complexities of your industry confidently.
• Enhanced Collaboration and Customization: Recognizing the collaborative essence of business planning, Plannit AI supports team efforts with multi-user editing, annotations, and feedback features, ensuring a comprehensive approach to your strategy.
• Customer Success Stories: Our users' achievements are a testament to Plannit AI's effectiveness. These success stories illustrate how diverse businesses have utilized our platform for strategic planning and growth.
• Tailored Business Plan Creation: Our platform stands out with its tailored approach, featuring customizable templates that directly cater to your business type and industry, making plan creation straightforward and relevant.

How can ChatGPT help me to create business plans?

• Content Generation:: ChatGPT helps draft various sections of a business plan, from executive summaries to marketing strategies, by providing structured and coherent text based on the prompts given.
• Strategic Insights: It can offer suggestions on business strategies by analyzing trends and providing examples from a wide range of industries.
• Financial Planning: While it can't replace professional financial advice, ChatGPT can guide the structure of financial projections and statements, helping you consider important financial aspects of your plan.

Take The First Step Towards Success With our AI-Generated Business Plans

Plannit For...

World's Best AI Business Plan Generator

Fill out simple forms, select language, and get a business plan in under 15 minutes. Try It Out!

Who is this for?

Entrepreneurs looking for investor funding.

Our AI business plan generator helps entrepreneurs in creating professional business plans designed to impress potential investors and secure funding

Business owners and entrepreneurs looking for a bank loan

Our AI business plan generator is SBA-approved and follows to most banks' business plan template.

For anyone looking to make a business plan

Whether you want an AI generated business plan for self-learning, as a reference for a project, or for submission to a non-financial institution, we've got you covered.

What customers say about us

Our ultimate goal is to make a product that you love, to do that we need feedback. So we try to talk to as many customers as we can

Mentioned In..

Language Support

At the end of the plan creation process you can choose to generate a plan in multiple languages including..

How it works?

Our AI business plan generator guides you through a few questions, once done a business plan example will be generated

Enter General Business Information

Only basic business information is required e.g. business name, number of employees, and a little financial data

Edit and Save

Once your AI plan is generated you can easily edit the plan with our "Talk To Plan" feature. You can input what you want changed and AI will take care of the rest

Key Benefits

Our ai draws business knowledge from the entire internet.

GPT-3.5 and GPT-4 are our cutting-edge language models, trained on vast quantities of internet, book-based resources, business plan examples, and has demonstrated its knowledge by passing the Wharton MBA exam among many others

The whole process can literally take 15 minutes

Gone are the days of laboring over business plans for weeks on end, our AI business plan generator can create a comprehensive plan in just 15 minutes.

Our AI generated business plan template won't let you down

create a professional business plan in just 15 minutes with our AI business plan generator

Turn Your Business Idea into Reality with Our AI-Powered Plan Generator!

A Better Way to Write Business Plans

Launching your own business should be exciting, not daunting. At AI Create, we understand the importance of getting your business off to a strong start. That’s why we’ve developed a cutting-edge AI-powered business plan generator designed to simplify and accelerate the planning process. Save valuable time crafting your business plan so you can focus on bringing your big idea to life.

Effortlessly Create a Comprehensive Business Plan

Creating a detailed business plan is essential for any new venture. Our AI-powered tool streamlines this process, enabling you to generate an effective executive summary and complete business plan in just four simple steps:

• Input Your Business Ideas: Start by entering your business concepts, goals, and strategies directly into our intuitive interface.
• Select Key Sections: Choose which sections are most relevant to your business, from market analysis and operations to financials and growth strategy.
• Customize Your Content: Tailor the automatically generated text to better fit your specific needs and refine the details to perfectly align with your vision.
• Review and Refine: Evaluate the draft provided by our AI. Make any necessary adjustments to ensure it fully captures your business strategy and objectives.

Designed for Small Business Owners

Whether you’re a first-time entrepreneur or a seasoned small business owner looking to pivot, our tool is designed with your needs in mind. By minimizing the complexity and reducing the time it takes to write a traditional business plan, we help you move faster from planning to action.

Start Building Your Dream Today

Don’t let the task of writing a business plan slow down your progress. With AI Create’s business plan generator, you’re not just preparing a document—you’re laying the groundwork for your future success. Unlock your potential and start your business journey with confidence.

Explore the features of AI Create and see how we can help turn your business vision into a reality. Get started now and watch your ideas come to life with a solid plan backed by strategic insights.

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AI that writes a business plan for you.

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Get your AI-generated business plan

Just answer a couple of questions about your business, and we'll generate a comprehensive business plan for you.

Business Plan

Comprehensive business plan

Your AI business consultant

Use Chat to ask questions about your business, and create any kind of content you can imagine.

Create Content

Create any kind of content

Instantly generate everything - blog posts, social media posts, sales copy, and more - all in your tone and with your business in mind.

"As someone who was always daunted by the idea of drafting a business plan, Venturekit was a game-changer. The process was intuitive, and the generated plans exceeded all my expectations."

"The scalability and consistency of Venturekit's business plans have streamlined our expansion strategies. It's impressive how tailored and detailed each plan is, despite being AI-generated."

Frequently asked questions

The World’s Best AI Business Plan Generator

PlanPros’ AI-powered business plan generator is the absolute quickest and easiest way for you to create a professional business plan.

As Seen in 500+ Media Outlets:

Discover the PlanPro’s Advantages

Save time and effort.

Let our AI business plan generator do all of the heavy lifting, creating a comprehensive business plan for you in just minutes.

Quickly Secure Funding

PlanPros will create a strategically sound business plan for you in the precise format that attracts investors and lenders.

Works for Your Business

PlanPros has been used to develop AI-generated business plans for over 1,000 types of business, so rest assured it will 100% work for your business!

Improve Your Strategy

Our AI business plan generator has been specially developed to improve your business, operations and marketing strategies to improve your long-term success.

Craft The Perfect Business Plan With Artificial Intelligence In Just 12 Minutes

“planspro has been an absolute game-changer for my company. the user-friendly system coupled with its ai technology made crafting our business plan a breeze…the exceptional quality of the final business plan exceeded my expectations.”.

Here’s a little bit about our team

• 25+ years of business planning experience
• Have helped over 1 million entrepreneurs and businesses create impressive business plans
• Dedicated to YOUR success
• Our business plan clients have raised over $5 billion

We are so confident you’ll love PlanPros that we give you the opportunity to try it absolutely free!

Entrepreneurs & business owners love planpros....

“ PlanPros is hands down the best business planning software out there. As a long-time business plan writer and consultant who has tried his fair share of business plan tools, this one far outweighs the competition.

What used to be a laborious and complex process is now fast, easy, professional and dare I say quite fun!

I highly recommend PlanPros to any entrepreneur in need of a business plan.”

“ PlanPros is an incredible business plan generator. It transformed what was once a daunting task into a straightforward and quick process.

Its user-friendly interface, with clear and concise prompts, made creating a business plan much more manageable for me.

It also helped me to focus on the core aspects of my business and more confidently secure the right type of investor.”

“PlanPros is the kick-in-the-pants I needed after being in business for two years. It allowed me to quickly and easily create a great business plan for Love Equals that will surely help us in our next stage of development.

The business plan helped me better understand who we are and what we are trying to do, and it mapped out a roadmap for our company to achieve the success we want.”

The process is easy!

Our AI business plan maker asks you some quick and easy questions about your business.

The PlanPros AI business plan generator then writes your entire business plan, including the executive summary, market analysis, competitive analysis, complete 5-year financial projections and more.

Our AI-generated business plans are geared specifically to the needs of investors and lenders. Whether you need funding or not, our plans guide you to successfully grow your company!

Harness the power of AI for a smarter approach to planning

PlanPros.ai simplifies the planning process, providing you with a strategic roadmap to success. Optimize your business strategy with our AI-driven platform and watch your company thrive.

Impress Investors with a Highly Professional Business Plan

Attract the right potential investors and lenders with a polished, data-driven business plan from PlanPros. Showcase your business’ potential and secure the funding you need to succeed.

Create A Winning Business Plan In Minutes

PlanPros.ai’s intelligent AI-powered tool crafts the perfect business plan for you in just minutes, giving you more time to focus on growing your business.

What PlanPros Clients are Saying…

“I needed a professional business plan quickly to present to an investor. PlanPros allowed me to create a great plan, in just minutes, that really impressed the investor. Thank you PlanPros!!!”

“ PlanPros is simply incredible! I highly recommend it for any small business owner or entrepreneur looking for an efficient way to create a professional business plan.”

“Not only did PlanPros help me complete my business plan in just minutes, but I already received funding from an investor! I highly recommend it! “

“ PlanPros.ai is a revolutionary tool for all business owners. It is so simple to use and allowed me to complete my business plan in minutes. Thanks to PlanPros we now understand which services and targets to focus our efforts on, and what our expansion possibilities are.”

“ Wow! PlanPros really exceeded my expectations! I utilized it to create a business plan for my company, and I was truly impressed by its precision and efficiency. In the end, it worked its magic, producing an outstanding business plan complete with amazing financial forecasts.”

“ PlanPros is amazing! It is by far a superior tool for creating a business plan than anything I have ever seen. In just minutes, PlanPros allowed me to create a great business plan. Super simple to use and outstanding results. What a great product!”

Ready To Complete Your Business Plan? Get Started Now!

You ask, we answer.

Yes, we are so confident you’ll love PlanPros that we give you the opportunity to try it absolutely free! Just click any of the “Try it for free” buttons on this page. You’ll immediately be taken to the PlanPros business plan generator . There you’ll be able to quickly complete part of your business plan absolutely free. You’ll see just how simple it is to use, and how incredible the plan is that it creates for you.

Simply answer some questions about your business and PlanPros writes a comprehensive business plan for you. You can then edit your plan further if desired.

You will be able to complete and print out your professional business plan within minutes. That being said, we recommend reviewing and editing your plan…even with these additional steps, you should be able to complete your entire business plan within 1 hour of starting. 

We have different plans from which you can choose. See our  plans & pricing here .

Some sample questions include:

• Tell us briefly about your business?
• Which of the following promotional tactics might you want to use to attract new customers (click on relevant tactics from our comprehensive list)
• Briefly describe your background or provide us with your LinkedIn URL so our AI can write the management team section of your business plan.

We are so confident you’ll love PlanPros, that if you’re not fully satisfied with it, simply contact us via email, phone or online within the 30 days and we’ll gladly refund your money.

Your Guide to 7 AI Business Plan Generators in 2024

A business plan outlines the critical aspects of any business, such as funding, pricing strategies, marketing strategies, sales projections, and risks. It can also help you attract investors and track the progress of your business endeavor. 

But, crafting a good business plan can be demanding. Fortunately, the once tricky process can now be simplified with the help of artificial intelligence. An AI business plan generator expedites the development of comprehensive business plans. Since they are trained on vast amounts of data, AI tools can help you with text generation, risk assessment, and data analysis.

What are the Key Elements of a Business Plan?

Aside from highlighting your idea, a comprehensive business plan should lay out the strategies to fulfill that idea. Here are the essential elements of a good business plan: 

• Executive summary. This is a quick intro to your company: what you do, who you sell to, and how you’ll make money.
• Market research and analysis. Here’s where you show you understand your customers and the competition. It helps you assess the feasibility of your business idea.
• Financial projections and forecasts. This section forecasts how much you’ll sell and earn and how you’ll spend your cash. It also contains a projected balance sheet, income, and cash flow statements.
• Pricing and profitability strategies. This section shows how you will price your products or services to make a profit.
• Marketing strategies. This is your plan to get the word out and reach your ideal customers. It may also feature a marketing budget and operational plan to help you effectively run the campaign without going over budget.
• Company description and mission statement. This explains who you are, what you offer, and why you do it. It features your business name, mission statement, products or services, the management team, and the organizational structure.

 Check out the top AI business plan generator tools that make planning a breeze.

Copy.ai is a comprehensive platform that generates various content , including blogs or articles, email marketing, and social media posts. From simple prompts, Copy.ai can help you perform market research, generate executive summaries, and provide tips to optimize your pricing strategies.

Copy.ai runs on AI models which can provide you with valuable insights to accelerate the business plan development process. When using this AI tool, you must clearly define your target audience, potential competitors, your products, and expected revenues and expenses so it can generate relevant, realistic plans.

• Free Forever plan with limited features 
• Pro plan for $49 per month 
• Team plan for $249 per month 
• Growth plan for $1,333 per month 
• Scale edition for $4,000 per month 

2. Grammarly

This writing tool goes beyond grammar checks. Its AI helps you craft a professional plan with the perfect tone and structure.  Grammarly AI Business Plan Generator has pre-built outlines for key sections like the executive summary and mission statement, making the process a breeze.

• Free plan with limited features
• Premium plan for $12 per month
• Business edition for $15 per member each month

3. Simplified

Simplified is an AI business plan generator tailored explicitly for small businesses. Users enter specific business information, including objectives, product offerings, target marketing, and financial details, and Simplified generates a personalized plan. Besides pre-made templates, Simplified AI-powered writing tools are flexible, allowing you to create new content from scratch.

• Free plan with limited tier
• AI Writer Pro starting at $18 per month 

Notion’s AI-powered writing feature can help you create tailored business plans. Its AI business plan generator can summarize research, fix errors, and generate outlines for a complete plan. You can also tell Notion the voice you want, and its vast data helps refine your strategies. Additionally, Notion supports real-time collaboration, allowing different team members to work together to develop detailed business plans.

• Free with limited tier
• Plus, plan for $10 per month
• Business plan for $18 per month
• Enterprise for a custom price quote

Unlike other tools in our list, Bit.ai uses a template-based approach for creating business plans. Templates include executive summaries, business proposals, competitor research, pitching, and SWOT analysis.

Bit’s Smart Spaces also support collaboration through features like version control and document sharing and tracking.

• Pro plan is $12 per member each month
• Business edition for $20 per member each month

6. Wordkraft

Wordkraft is a content generation web application suitable for many uses, including creating blog posts, drafting articles, generating responses to customer reviews, and structuring social media posts. It also features a variety of writing templates, including business plans. The templates allow you to set the desired language, tone, and type of creativity that AI should use when drafting content.

• Free plan with basic features
• Pro starter plan for $9 per month
• Pro unlimited plan for $29 per month

Powered by OpenAI’s GPT models, ChatGPT is an AI chatbot with many uses, such as generating different types of content, answering questions, and translating languages.

With the proper prompts, ChatGPT can help you develop a detailed and personalized business plan for any idea. If you provide data, it can assist with financial forecasts, helping you create forward-thinking business plans. ChatGPT can also help with market analysis on a limited scope.

• ChatGPT Plus is $20 per month

Ensuring the Quality of an AI-Generated Business Plan

Whether you’re outlining your strategy or pitching to investors, a strong business plan is the key. Regardless of purpose, the quality of your business plan will always affect the results. Below are the steps to help you ensure the quality of an AI-generated business plan. 

1. Edit and review the business plan

While AI business plan generators cut the time and cost, they are also prone to mistakes. So, ensure that you thoroughly review the plan created by your chosen AI business plan generator. You can evaluate whether the result addresses crucial issues like market analysis, competition, and financial projections. Don’t be afraid to revise and polish the AI-generated business plan. 

2. Make it an actionable business plan

Instead of simply outlining objectives, a strong business plan breaks them down into actionable steps. By incorporating SMART goals – Specific, Measurable, Achievable, Relevant, and Time-bound – you create a clear roadmap for achieving your vision. This roadmap should detail the specific actions you’ll take and the timeframe for reaching each milestone.

3. Verify data sources  

The accuracy and credibility of the data sources directly impact the quality of your business plan. Do your own market research and gather realistic data to be integrated in your business plan. 

4. Avoid using technical jargons

Just like any other document, a business plan should be clear and readable by its target audience. Using technical jargon may not be effective in all cases. So, it is important to review your AI-generated business plan and ensure it is written in simple language. You may also integrate graphs and other visual aids to convey important messages. 

AI business plan generators and other tools empower entrepreneurs to efficiently bootstrap a business. This efficiency allows you to quickly turn your plans into action, including establishing a strong online presence through a website. By launching your website soon after creating your business plan, you can capitalize on the momentum and start building your brand online. 

Penji can help you design a website that resonates with your brand identity and preference of your audience. Watch a demo now to learn how to avail unlimited graphic design services from Penji . 

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Frequently asked questions.

Professional AI Business Plan Generator

From a blank page to a professional business plan in a few clicks.

Use our AI-driven platform to craft a professional business plan for starting a new business, seeking funding, launching products or services, or entering new markets.

Featured on :

“Just used your bizplanner! Nice job! Great tool. Tons of value for $10.”

“This plan is well articulated, the fact that I can edit it makes BizPlanner to be much better than option, also the customer service interaction is worth an applaud.”

“Simplemente espectacular, felicidades.”

How it works

Four Steps to Your AI Business Plan

Our AI Business Plan Generator efficiently creates a customized, professional business plan for you in less than 15 minutes.

Answer a brief questionnaire

Our ai crafts your plan, edit, format or regenerate, export as pdf/word, watch how to create a business plan in ~1 minute.

Table of contents

Your Business Plan's Table of Contents

Upon generating your business plan, you will receive detailed sections covering everything from your Executive Summary to Financial Projections, providing a complete and insightful overview of your business strategy.

Functional Highlights

Discover the core functionalities of our service, from intuitive in-browser editing to flexible AI regeneration and convenient export options, all designed to streamline your business plan creation.

Examples & Templates

Business plan examples

Explore examples created with our AI Business Plan Generator. These are real outputs from our service, showcasing the depth and personalization achievable for your own plan. Click 'See more business plan templates' for additional examples.

Laundromat business plan

Hotel business plan

Hostel business plan

Personal trainer business plan

Vending machine business plan

Trucking business plan

Daycare business plan

Coffee shop business plan

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From the blog

BizPlanner AI's Update: Advanced Financial Planning Capabilities

Great news for users of BizPlanner AI! Our latest update brings a significant enhancement to the Financial Plan section of our comprehensive business planning tool.

French Language Option Now Available in Our AI Business Plan Generator

Great news from the BizPlanner AI team! Alongside English and Spanish, we're delighted to announce the introduction of French support in our AI business plan generator.

Spanish Now Supported by Our AI Business Plan Generator

Exciting news for everyone! BizPlanner AI, your go-to AI for making business plans, just got better. From the start, our website has welcomed both English and Spanish speakers. But, when it came to making a business plan, we only had English. Not anymore!

Smart, AI-Powered Suggestions for Your Business Plan

Explore BizPlanner AI's latest feature offering AI-generated suggestions for uncertain areas in your business plan, enhancing planning ease and accuracy

AI Business Plan Generator

Begin your business journey with PrometAI's AI business plan generator . It's designed to guide you through each step, ensuring clarity and ease in crafting your business blueprint . Start your success story today with a plan that sets the foundation for growth and achievement.

Benefits of Creating Business Plan with PrometAI

We revolutionize financial analysis and reporting for professionals across industries Experience the advantages of PrometAI, the best AI business plan generator . Enjoy easy plan creation, powered by insightful data. It simplifies the process enabling you to generate a business plan and valuation seamlessly, setting a solid foundation for your startup. Ideal for entrepreneurs at any stage, it ensures your plan aligns with your vision and industry standards, promising a smooth path to success. Writing a business plan becomes an effortless process as it is based on analytical data ensuring accuracy. Our platform crafts strategies that meet industry benchmarks. Beyond simple planning, PrometAI empowers you with tools for effective decision-making and future forecasting, making your business journey smooth and strategic. With PrometAI, your planning is elevated, laying a strong foundation for success.

Best Practice Business Plans

Benchmark Excellence: Industry Highest Standards for Business Plan Content and Structure.

Expert-Designed Valuation

Crafted by Top Industry Experts for Accuracy and Insight.

AI-Assisted Simplicity

AI-Powered Assistance for Effortless and Streamlined Business Plan Creation

who is it for?

Launching your fashion line? Design your roadmap to success with us.

Hospitality

Dreaming of opening your coffee shop? We'll brew a flawless plan together.

Aspiring to revolutionize logistics? Plot your industry breakthrough with our guidance.

Strategy Toolkit

Harness the power of strategic planning with our comprehensive Strategy Toolkit, featuring essential tools like SWOT Analysis, Porter's Five Forces, VRIO, PESTEL, and Strategy Canvas, designed to provide deep insights and guide you in formulating a robust, actionable business plan.

Elevate your financial strategy with our Precision Valuation feature, a sophisticated suite rooted in vast experience and industry best practices. Our tools, including DCF, Multiples, Residual Value, and the Dividend Model, are designed to provide you with a comprehensive, accurate valuation of your business.

Craft your pathway to success with our best-in-class business plan structures and content guidelines. Our platform ensures that you cover all pivotal areas — from roadmaps and market analysis to risk assessment and task lists — aligning your plan with industry standards and best practices.

Data Security & Intellectual Property Protection

Securing Your Business Ideas

At PrometAI, we understand the importance of securing your business ideas when creating a business plan. Your trust is our priority. We ensure unparalleled protection for your business ideas and data . Our platform integrates advanced security technologies and complies with strict international data protection standards. With PrometAI, you're not just planning, you're building your future on a secure foundation. Feel confident in our secure environment as you craft your business roadmap. With us, your strategic planning is safe and sound. Trust PrometAI for a secure planning experience.

About the app

Strategies for Improving Financial Reporting & Analysis

Improve your financial management with strategic business planning . PrometAI offers clear business plan examples to make your financial reporting and analysis stronger. Our tool simplifies financial planning for all businesses, ensuring easy navigation through financial strategies. It's tailored for all types of businesses, simplifying complex financial strategies into manageable steps. PrometAI not only offers clear guidance but also integrates innovative tools for in-depth financial analysis, helping you make informed decisions. With our support, strategic planning leads to practical success, securing your financial future

how it works

A Complete Guide to PrometAI

Wave goodbye to the struggles of drafting a business plan and valuation! As a leading business plan AI generator , PrometAI revolutionizes the way you bring your ideas to life, especially for startups. Our user-friendly platform smoothly guides you from an idea to an impressive business plan for startups . With PrometAI, you gain access to tools and insights that turn planning into a strategic advantage, ensuring your business foundation is solid and ready for growth.

Business Planning Process With PrometAI

Echoing the insight of Dwight D. Eisenhower, "Plans are nothing; planning is everything" PrometAI serves as your online free AI business plan generator , highlighting the critical role of planning and valuation. Our platform integrates AI and strategic insights, simplifying and enriching the planning experience. It's the in-depth exploration of various business scenarios that truly makes a difference. With PrometAI, you're not merely drafting a plan; you're engaging in an extensive planning process that prepares you for any business challenge.

Start with Your Vision

Begin by outlining your business idea. Share your vision, and let PrometAI guide you through shaping it into a structured plan.

Section-by-Section Guidance

Navigate through each section effortlessly. PrometAI breaks down the business plan into manageable sections. You can input your information or use AI to generate content, with helpful prompts and examples at every step.

AI-Powered Assistance

Leverage AI for seamless content generation. Whether it’s market analysis or financial projections, use PrometAI’s AI capabilities to automatically generate insightful and relevant content.

Learn as You Go

Educational insights at every stage. Not just a tool for creation, PrometAI educates you on each aspect of the business plan, ensuring you understand every component you're creating.

Refine and Perfect

Review and refine your plan. Once your sections are completed, PrometAI helps you review and fine-tune your plan, ensuring coherence and readiness for presentation.

Your Plan, Ready to Present

Showcase your business plan with confidence. With a comprehensive, expertly crafted plan in hand, you’re ready to present to investors, stakeholders, or financial institutions. Embark on your business planning journey with PrometAI and transform your ideas into reality with a plan that’s not just a document, but a roadmap to success.

Our core statistics

Active users

Registered users

Business plans generated

What our users say

With over 15 years of experience in business planning and financial control, I've rarely come across tools as effective as PrometAI. I particularly liked the structured approach for planning and valuation. This not only saved me time but also ensured that no critical component of our business model was overlooked! The final presentation is not just a standard word document - it's a beautifully crafted piece of work that I am excited to share with potential investors. I highly recommend PrometAI.app to professionals seeking an edge in business planning and investor communication.

Marina Leskina, MBA

Head of FP&A, Director

With a substantial background in investment strategy, I've encountered numerous tools aimed at enhancing business and financial planning. PrometAI.app stands out for its innovative use of AI, which significantly enriches the planning process. By integrating advanced AI with comprehensive market data, this tool offers a level of insight and precision that is exceptional. The capabilities of PrometAI.app to process and analyze complex data efficiently make it a noteworthy asset in the realm of strategic planning. It is a formidable resource for anyone serious about leveraging technology to refine their planning and strategic development.

Aaron Mirsky, Ph.D

Portfolio Manager at Rainmaker Group

After years of working with renowned consulting groups like McKinsey and Deloitte, I've developed a keen eye for robust business tools. PrometAI.app stands out impressively in this crowded space. Its business plan and valuation framework is meticulously designed, reflecting deep industry insights and strategic acumen. PrometAI.app is perfect for fundraising with investors, providing a strong foundation for presenting to and communicating with potential stakeholders. For anyone in the consulting field looking to enhance their business planning capabilities, PrometAI.app is a remarkable asset. I strongly recommend it for its innovative approach and real-world applicability.

Ali Barmada, CFA

Co-founder at Brokers Digital

PrometAI’s Blueprint is a detailed guide for crafting business plans, emphasizing clarity and strategy. It offers a step-by-step guide for creating a thorough business plan. It breaks down complex planning into simpler parts, like setting your business goals, analyzing your market, and planning your finances. This makes it easier for anyone, from beginners to experienced entrepreneurs, to develop a solid plan for their business.

Mission Statement

A mission statement is a brief description of an organization's fundamental purpose, outlining its goals, ethical approach, and core values. It is important because it guides the organization's strategies, communicates its purpose to stakeholders, and helps align internal efforts towards a common goal.

Vision Statement

A vision statement is a forward-looking declaration that outlines an organization's future goals and aspirations, providing a clear and inspirational long-term direction. It is important because it serves as a motivational guide, influencing decision-making and shaping the strategic planning of the organization.

Business Phases

Business Phases refer to the distinct stages of development and growth that a business undergoes, from inception to maturity.

Business Stakeholders

Business Stakeholders are individuals, groups, or organizations that have a direct or indirect interest in the business and can affect or be affected by its activities.

Pain points refer to specific problems that prospective customers of your business are experiencing.

SWOT Analysis is a strategic planning tool used to identify and evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or business venture.

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Introducing the LivePlan Assistant

Save time with LivePlan’s AI business plan generator

We built LivePlan to make business planning faster, easier, and more enjoyable for everyone. 

But we know that business planning can still be challenging. 

• You have a great idea, but you’re staring at a blank page and wondering how to put your idea into words
• You’re writing a plan for a lender and you’re worried your plan doesn’t sound professional or contains errors
• You know a few details about your target market but need to make it more specific
• You’re ready to start your forecast but wondering what revenue and expenses to add

That’s why we created our AI business plan generator: LivePlan Assistant .

Meet LivePlan Assistant

Combining the speed, flexibility, and sophistication of various AI models with over 40+ years of extensive business planning expertise, the AI business plan generator’s features within LivePlan Assistant address many of the challenges our customers share around what makes business planning difficult, and ensures your plan is the best that it can be.

Explore LivePlan Assistant’s powerful features below.

Help Me Write

Welcome to a world without writer’s block

What if you could list as much (or as little) detail about your business and automatically create each section of your plan? 

With Help Me Write —you can.

Jot down a few details, ideas, or thoughts, click “Help Me Write”, and see LivePlan Assistant generate ideas for each section of your plan. Don’t have any ideas? No problem. LivePlan Assistant will create ideas for you. 

Learn More About Help Me Write → 

Instantly improve your writing

You need a convincing plan that’s sure to impress lenders or investors, but you’re not a professional writer and you want to be sure the plan you are sharing is the best it can be.

LivePlan Assistant’s Rewrite automatically improves your writing:

• Quickly add details or condense a topic
• Adjust the tone of your plan to cater to specific audiences like investors, lenders, or teachers
• Check for grammar and spelling errors
• Adjusts writing to sound more engaging and compelling

Learn More About Rewrite → 

Suggested Revenue Streams

Forecasting, now faster than ever

If you’re just starting your business - it might not be easy to imagine all the places your revenue might come from. And if you’re growing your business, maybe you’re looking for ideas on new ways to drive revenue.

LivePlan Assistant’s Suggested Revenue Streams allows you to start your first forecast, or identify potential new revenue opportunities - fast. Enter a few words about your business and get suggestions for revenue streams that are specific to your business.  

Learn More About Suggested Revenue Streams → 

Frequently Asked Questions

Why are you introducing an ai business plan generator.

Whenever we choose to pursue new features or make updates to LivePlan, it’s with the goal of making business success available to everyone. And as we began to experiment with the capabilities of generative AI to run our own business we realized that it could be a game changer for small business owners. Now, that doesn’t mean we’re trying to invent a plan-writing “easy button”. We believe that part of becoming a successful business owner is understanding the planning process so that you can review, iterate, and grow. An automatic plan writer doesn’t help you do that.

Will there be more AI features?

Yes, there will be new AI features that expand on the capabilities of the LivePlan Assistant. Be sure to opt-into these Betas as they are released so you can test the features yourself. You’ll be prompted on login, or you can opt-in in your Account Settings. We truly believe that incorporating AI within LivePlan will improve the product and help users, like you, succeed in growing your business. While we can’t get into specifics about upcoming features, just know that what we are working on will further strengthen your ability to write a useful business plan, build an actionable financial forecast, and analyze your business’s actual results.

How can I access the LivePlan Assistant?

The LivePlan Assistant is live for every Standard and Premium user right now. If you have trouble finding these features, ensure you’re opted into the necessary Beta programs in your LivePlan Account Settings. If you have any questions about the AI Assistant or other LivePlan features, reach out to our Customer Advocacy Team for assistance

I’m not sure about AI, can I opt out?

This and other future AI tools will be on by default, but you can easily turn them off.  We do understand that you may have concerns about the potential risks and consequences of using AI. You may be worried about the broader impact on society, or just value creating your plan from scratch.  To address these concerns, we are committed to making our AI features entirely optional. We believe in the freedom to choose how you use our product and want to make it easy to opt in or opt out of LivePlan Assistant and any future AI tools.  To opt out, head on over to your account settings.

Try LivePlan today

Totally risk free. 35-day money-back guarantee.

Upmetrics AI Assistant: Simplifying Business Planning through AI-Powered Insights. Learn How

Entrepreneurs & Small Business

Accelerators & Incubators

Business Consultants & Advisors

Educators & Business Schools

Students & Scholars

AI Business Plan Generator

Financial Forecasting

AI Assistance

Ai Pitch Deck Generator

Strategic Planning

See How Upmetrics Works  →

• Sample Plans
• WHY UPMETRICS?

Customer Success Stories

Business Plan Course

Small Business Tools

Strategic Planning Templates

E-books, Guides & More

Create your business plan in minutes with our AI Assistant

Answer few tailored questions about your business, and get a business plan in under 10 minutes. Its as simple as that.

How it works?

Our AI business plan generator guides you through simple questions to quickly draft your business plan.

Kickstart Your Plan

Enter basic business details.

Begin by providing essential information like your company name and a short description. 

Shape Your Strategy

Answer targeted questions.

You will be guided through tailored questions to understand your business goals and model.

Perfect Your Plan

Ai-assisted refinement.

Review and refine your business plan with our AI assistant. let AI fine-tune the details.

You will be guided in the same way as a business coach

Upmetrics acts as your business coach, offering tailored guidance throughout your business planning journey

Navigate Your Plan with Our Step-By-Step Instructions

Upmetrics offers straightforward, step-by-step guidance for every aspect of your business plan. With our AI assistant, get clear instructions, practical examples, and a tailored guide for every stage of planning.

Leverage our extensive collection of over 400+ sample business plans for inspiration, and directly chat with our support for personalized assistance.

Ask anything to our AI Business Coach

Our AI Co-pilot is your on-demand research assistant and business advisor. Ask any question—our tool gets into your plan or conducts research to provide insightful answers.

 Powered by our cutting-edge language model, it boasts a depth of knowledge trained on vast quantities of internet, book-based resources, and business plan examples. With Upmetrics, harness AI that understands the breadth of business planning and beyond.

Writing will never become a problem for you

Upmetrics asks targeted questions to build your business plan. Our AI streamlines the process, providing expert-level guidance and suggestions at every step.

Let our AI Business Plan Assistant transform your ideas into polished, professional sections, enhancing your content’s tone, style, and correctness.

Get a head start with 400+ real business plan examples

Why start with a blank page? When you have access to the 400+ real business plan examples. If crafting your first business plan seems daunting, let our real-world examples illuminate the path to success.

Embark confidently on your entrepreneurial journey – a standout business plan is just a template away with Upmetrics.

Create a plan and build your dream business

Leverage the full power of the Al Business Plan Generator

Al-powered business plan to save time, an affordable alternative to business plan writers, set yourself up for success.

The thing that we appreciated the most is we were able to communicate with the support team on some key elements, and they were very very accommodating in all respects.

Co-Founder & Owner at Carefree Home Watch

Every Sections you need to Plan for your Business

Frequently Asked Questions

How does the ai business plan generator work, can i customize the business plan created by ai, is the upmetrics suitable for my industry, what makes upmetrics different from free templates or other tools for creating business plans.

Upmetrics redefines the business planning process by providing more than just software or a static template. It guides entrepreneurs through every phase of creating a business plan with interactive tools, tailored advice, and AI assistance eliminating the need for cumbersome spreadsheets and manual chart creation.

As your business grows, Upmetrics helps you monitor progress and set actionable tasks ensuring your strategy stays competitive. Experience unparalleled support and user-friendly guidance, making Upmetrics a superior choice for entrepreneurs crafting their business plans.

Does Upmetrics allow me to try it before signing up?

Certainly! Discover the full capabilities of Upmetrics with a free tour —no sign-up required. Get a firsthand look at how our AI enhances your planning process.

Finish your business plan faster with AI Business Plan Generator

No Risk – Cancel at Any Time – 15 Day Money Back Guarantee

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12 AI Business Plan Generators to Start Any Business in 2024

15MinutePlan

Wordkraft ai, beautiful ai.

• Brixx Plan Software

Useful ChatGPT prompts for writing a business plan

Tips for using chatgpt to create a business plan, how to make sure the ai-generated business plan is good enough.

Hello! My name is Arto Minasyan, I’m the Founder and CEO here at 10Web, and a Co-Founder at Krisp. I’ve earned a PhD in Mathematics, in addition to a BA and Master’s in Physics, as well as an MBA. I am a serial entrepreneur, and I know that crafting a business plan can seem like a daunting task. 

However, whether you are launching a new business or seeking growth for your current venture, it’s vital to communicate your vision in a thorough business plan.

That’s why I’m excited to share this list of AI business plan generators alongside a few personal tips that I think will inspire you and aid you in creating a well-structured and detailed business plan.

12 AI business planners to help you start your business fast

Generate and refine an executive summary.

Free Plan Paid plan: From 12$ / month

Key features

• AI-generated, customizable business plans.
• AI-assisted enhancing and editing.
• Efficient process with only 4 questions.

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 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 4 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, you can use its familiar tools to adjust the text for formality, tone, and length, in addition to the usual suggestions for grammatical improvements. 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 the intricacies of writing.

Detailed AI-generated business plans.

Free to try Paid plan: From 99$

• Quick, AI-generated plans.
• ChatGPT 4 available.
• Detailed business plans.
• Editable via "Talk To Plan".

15minuteplan.ai is an AI-powered tool designed to create professional business plans quickly and efficiently.  While it aims to help anyone who needs a business plan, with its ability to personalize financial statements and plans, it might be of particular interest to those seeking investor or bank funding.

This AI business plan generator relies on GPT-3.5 and GPT-4 to draw upon a vast array of deep sources, significantly reducing the time and effort traditionally required to create a business plan.

As described, the process of creating a business plan with 15minuteplan.ai takes about – you guessed it – 15 minutes. Users begin by answering seven critical questions that cover 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 suggestions can really speed up this Q & A part of the process. 

Based on these responses, the tool generates a detailed business plan encompassing various elements such as an executive summary, industry overview, SWOT analysis, marketing strategies, segmentation, targeting, positioning (STP), product strategy, operations plan, management roles, financial projections, and risk mitigation strategies. 

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. This system streamlines the entire process of business plan generation, making it more accessible and less time-consuming.

AI-enhanced business plan templates.

Free plan Paid plan: From 20$ / month

• AI-assisted template interface.
• Customizable business plan sections.
• AI generated content options.
• Flexible tone and style settings.

As the name suggests, Copy AI is an AI writing assistant leveraging AI’s power and 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 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 a variety of business templates,  Copy AI allows you to customize details such as the tone of your content and more. 

AI-assisted business plan writing.

Free plan Paid plan: From 29$ / month

• Utilizes GPT-3.5 for content generation.
• Customizable business plans available.
• AI-assisted editing for refinement.

WordKraft is an AI-powered web application for generating 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. 

You can also use Wordkraft’s free business plan template to generate a draft . 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 make business.

Wordkraft is an excellent AI business plan generator for entrepreneurs looking for an easy-to-use interface and access to advanced features such as language and tone of voice options. This AI business planner generator also allows you to select the level of creativity that you need.

Generate presentations based on text prompts.

No Free plan available. Paid plan: From 12$ / month

• Professional slides, powered by AI.
• Design prompts for presentations.
• AI-generated content tools.
• Smart, auto-created templates.

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.

Luckily, Beautiful AI prowess extends as a business plans presentation and AI business plan generator.  Using Beautiful AI, you can create elegant business plans and 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.

AI tool collection for documents & media.

• AI tools for documents, graphics, media.
• Enter plan details to generate.
• Suitable for diverse business types.

Simplified is a collection of AI-powered tools that can help individuals or businesses of any size easily accomplish some tasks. Some of the tools offered by Simplified AI include an AI presentation maker, image generator , AI writer, AI content rewriter, image resizer, and more.

Among the many AI capabilities of Simplified is also an AI business plan generator. Using Simplified, small businesses can generate a business plan using the templates provided. These templates already contain the outline and structure of how the business plan should look. All you have to do is select the desired tone and the output language.

Alternatively, you can open Simplified AI Writer and start on a blank canvas. However, you must give context and instructions on the business plan you want to generate.

Simplified has many built-in tools , such as Grammarly and graphic design , video editing, and image generation capabilities. Leverage these tools to create stunning customizable design templates, photo, video, and graphic assets for your business plan and other business needs.

AI-assisted note-taking and templates.

Free plan Paid plan: From 10$ / month

• Especially helpful for Notion users
• AI integrated note-taking system.
• Customize business plan templates with AI.

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, setup team spaces, and so much more. 

While Notion is not specifically designed as an AI business planner, it includes features that can help accomplish so much in that area. Notion AI can help you design 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. 

AI apps for different purposes.

• Collection of easy-to-use AI tools.
• Minimal interface, powerful tools.

Cookup AI is a database of AI tools that you can use to achieve different tasks. Designed with non-technical users in mind, Cookup AI enables users to filter through the thousands of AI tools available and find exactly what they are looking for instead of navigating from site to site.

Among the collection of AI tools by Cookup AI is an AI business plan generator. Cookup AI business plan software is designed with a minimal interface allowing users to generate comprehensive business plans that outline their business goals, strategies, and objectives.

Remember to provide enough context and information about your business in a descriptive way to enable the  Cookup AI business plan generator to get the details of your business plan right. 

Using Cookup AI, your business can save a lot of time and effort as it is straightforward. However, you should work closely with your team members to ensure the business plan accurately reflects your business visions and goals.

Collaborative Business Plan Development.

Free plan Paid plan: From 8$ / month

• Cloud-based collaborative documents.
• Real-time collaboration, editing, sharing.
• Embeds multimedia in business plans.
• Free and premium template options.

Bit AI is a cloud-based collaboration platform that allows multiple teams within organizations spread around the globe to collaborate and organize and manage documents all in one place . Some of the documents that 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, using 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.

AI platform designed specifically for business plans.

No Free plan available Paid plan: From 20$ / month

• Collection of tools for business plans
• Pro plan review & guidance available.
• Quick start for many business categories.
• AI LivePlan assistant.

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 is an excellent AI business planner due to its large collection of templates and customizability. Remember to take advantage of its financial forecasting and performance tracking features.

The leading AI-based chatbot.

Free plan Paid plan: 20$ / month

• Communicates in human-like language.
• Summarizes intricate subjects.
• Useful for composing, researching, inventing.
• Integrated with Microsoft Bing.

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 writes a business plan. Although ChatGPT is not specifically designed as an AI business plan software, 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 wrong 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 your provided information. More on this later.

Brixx Planning Software

Financial forecasting and planning.

Free plan Paid plan: From 13$ / month

• In-depth financial forecasting.
• Suitable for various business sizes.
• Real-time collaboration and scenario testing.
• Combine with ChatGPT for best results.

Brixx software is a f inancial forecast software for cash flow, budgeting, and business planning. 

Apart from that, Brixx is also a business planning software that businesses can use to create a formal business plan that outlines 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 running, 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.

How to write a business plan with ChatGPT: tips and prompts

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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 : Generate a business plan outline for a  business selling “X services/products” to other small and medium businesses. 

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

With ChatGPT, you can now generate a draft of each section above. Be keen to provide content in each section to allow ChatGPT to generate content with more precision.

2. Generating executive summary

Prompt : Create a brief overview of the executive summary of “Business X“ and its mission statement.

Other prompts you can use include:

• Discuss the target market and how “business X“ plans to meet their needs.
• Highlight the company’s unique selling proposition (USP) and competitive advantage in the “ X industry”.

3. Performing a market analysis

Prompt :  Write and market research section for my “x” business plan. Please identify the “X” services’ target market. Remember to identify any market trends or changes that may affect the demand for “X” services and estimate the market size and growth potential for the “X” industry.

4. Competition analysis

Prompt: Generate a competition analysis for my business that offer “X” services. Identify competitor strengths and weaknesses.

5. Generating a sales and marketing strategy

Prompt: Generate a sales and marketing strategy for my “X  business”. Include sales tactics, strategies for closing deals, and customer retention strategies.

6. Operations and management

Prompt : Discuss the details of operations for my business plan, such as “X” infrastructure and technology to use, service level agreements, and customer support policies and procedures.

7. Generating a financial plan

Prompt: Generate revenue and sales forecasts, cost structure, and expense projections. Include a break-even analysis and profitability forecasts, funding requirements, and potential funding sources.

8. Conclusion

Prompt: Generate a conclusion to recap the business plan and a call to action for potential investors and customers.

In the section above, we discussed some ChatGPT prompts you can use to brainstorm or generate a draft of a business plan. While most of the outputs sound convincingly accurate and well structured, cross-check every detail and customize the plan accordingly.

ChatGPT is a great tool for business owners and individuals 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 relevant to your business to help ChatGPT understand the content of your business.
• 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 key decisions. 
• Review, and fact-check :  ChatGPT, and other similar tools are prone to “hallucinations”.  Solely relying on these tools can potentially mislead you. 
• 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. 

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.

In this section, we explore 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. Through a review, you can also evaluate 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.

Image source

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 is 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, it is important that you adapt any AI-generated business plan to fit your needs before using it.

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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. AI website builders such as 10Web AI Website Builder can help you with this.  10Web 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. A website allows you to create an audience, and establish credibility while also displaying your products and services. 

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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?

AI Business Plan Generator

Create comprehensive business plans with ai.

• Create a startup business plan: Develop a comprehensive business plan for your new startup, covering all key aspects of your business.
• Plan for business expansion: Generate a business plan that outlines your strategy for expanding your existing business into new markets or product lines.
• Prepare for investor meetings: Create a detailed business plan to share with potential investors, showcasing your business's potential and strategy for success.
• Develop a product launch plan: Craft a business plan for launching a new product, detailing your marketing strategy, financial projections, and more.

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Harnessing the Power of AI: A Comprehensive Guide to Crafting a Dynamic Business Plan

If you have ever tried to write one, you know just how challenging crafting a business plan can be. There’s a lot of foresight, strategic thinking, and meticulous attention to detail involved. You have to understand what people want, figure out how to fund it, and explain your big ideas clearly. Entrepreneurs have to do all this while dealing with the everyday chaos of running a business.

To this end, one of the most useful applications of AI has been its ability to be your thinking- assistant- adding structure to your thoughts- and creating frameworks to help you navigate through complex problems.

• Ready to use
• Fully customizable template
• Get Started in seconds

Why Use AI to Write Your Business Plan?

The arrival of artificial intelligence has revolutionized how you gather and put together information. AI’s predictive analytics and data-driven insights help businesses make more informed decisions, often leading to a significant competitive edge. Here are some of the competitive advantages of integrating AI into business planning processes:

• Enhanced accuracy in market analysis and financial projections.
• Real-time adaptation to market changes and customer behavior.
• Personalized strategies that align closely with company goals and customer needs.

By leveraging AI, businesses can visualize their business plan in new ways Now data can be used as a strategic asset that drives growth and innovation. Writing a business plan is no longer just about a document to present to investors; it’s about creating a dynamic blueprint that evolves with your business and the market.

Use AI as your thinking Assistant

The ability to automate complex processes, gain insights from big data, and enhance decision-making can help the way you think about designing your business. This includes streamling operations, predicting customer behavior, and personalizing marketing efforts.

The ability to collect, process, and analyze vast amounts of information is what makes AI so powerful in business planning.

A robust business plan typically includes components such as market analysis, financial projections, and marketing strategies. AI can optimize each aspect of a business plan:

• Market Analysis : AI tools can analyze market trends and customer feedback, offering a more nuanced understanding of the competitive landscape.
• Financial Projections : Machine learning algorithms can provide more accurate revenue forecasts by analyzing past performance and market conditions.
• Marketing Strategies : AI can personalize customer interactions and optimize marketing campaigns for better engagement and conversion rates.
• Decoding Customer Behavior: AI algorithms are adept at analyzing customer interactions and feedback across various platforms. By processing this data, businesses can gain a nuanced understanding of customer preferences and tailor their offerings accordingly.
• Predictive Market Trends: AI doesn’t just analyze the present; it’s also predictive. By examining historical data and current market conditions, AI can forecast future market shifts, giving businesses a strategic advantage in planning their next move.
• Real-time Market Insights: With AI, market analysis is not a one-time report but a continuous stream of insights. This allows companies to adapt quickly to changing market dynamics and maintain a competitive edge.

Using AI to Develop Your Business Plan (With Prompts)

Your Executive Summary : Begin with an AI-generated executive summary that encapsulates the financial health and projections of your business. You can use specific AI tools to analyze historical data and generate a concise summary that highlights key financial metrics and future goals. A useful prompt to help you do this:

• Write a very detailed executive summary for a [insert your company type] that is requesting funding. Here is some context to get you started: {Succinctly summarize the key elements of your business} {List 5 business objectives} { 3 unique selling points}

Company Description : Utilize AI to provide a data-backed company valuation and financial history. This can include automated calculations of burn rate, cash flow, and other vital financial statistics that give stakeholders a clear picture of your company’s fiscal standing.

• Write a very detailed mission statement for a [insert business] that values [insert values] and offers [insert products and/or services]
• Write a very detailed business description for a [ insert business name] that sells [insert products and/or services]. The company values [insert values].
• Write a very detailed product description for (insert products and/or services) that highlights [insert features to highlight]

Market Analysis : Deploy AI algorithms to analyze the market size, growth rates, and trends. This will help you to forecast demand and price points, which are essential for accurate financial planning.

• Write a very detailed market analysis for a [insert business type].
• Create a target audience for a [insert business type] who wants to target [insert who you want to target. Include their age, race, gender, likes, dislikes etc]
• What are the top 3 market trends for the [insert industry] and why are they trending?

Competitive Analysis : AI can help you perform a deep dive into competitors' financial strategies. By analyzing public financial reports and market data, AI can uncover insights into pricing strategies, market share, and financial strengths or weaknesses of your competitors.

• Write a very detailed competitive analysis for a [insert company] who’s advantage is [insert your advantage over the market]
• Find 3 competitors for a [insert business type] and explain their competitive advantage.
• Write a unique selling proposition for a [insert product or service type] that is [insert unique selling proposition].

Sales and Marketing Plan : Predictive analytics can forecast the ROI of different marketing strategies, helping you to allocate your budget effectively. AI can also optimize your sales funnel by predicting customer lifetime value and churn rates.

• Write a very detailed sales and marketing plan for a [insert business type] that offers [insert products and/or services]
• Write a very detailed growth strategy for a [insert business type] that offers [insert products and/or services]

Ownership and Management Plan : AI can assist in modeling different ownership structures and their financial implications, as well as predict the financial impact of management decisions.

• Write a very detailed Ownership Structure for a [insert business type] that has [include the ownership roles that you have in your company]
• Write a very detailed Management Plan for a [insert business type] that has [include the roles that you have in your company]

Operating Plan : Use AI to simulate various operational scenarios and their costs. This includes everything from supply chain optimization to energy consumption and staffing requirements.

• Write a very detailed Operating Plan for a [insert business type] that operates [include where you operate your business ex: online, storefront etc]
• Write a very detailed risk management assessment for a [insert business type] that operates [include where you operate your business ex: online, storefront etc]

Financial Plan : This is where AI truly shines. Machine learning models can provide detailed revenue forecasts, expense projections, and cash flow analysis. They can also help in stress-testing your financial plan against various economic scenarios to ensure resilience.

• Create a detailed year sales forecast for a [Insert business type] with an average growth rate of [XX% per year and an average order value of $XX]
• Create a break-even analysis for a [insert business type] with an average order value of SIXXI. The Total cost per unit is $[XX]. The yearly combined fixed and variable costs is[XXX]
• Write a very detailed funding request section of a business plan for a [insert business type] that is requesting [XX] for [insert what you need the funding for]

Develop A Robust Business Plan with Creately VIZ

Use the AI-powered visual intelligence of Creately VIZ to develop strategic business plans. The AI templates help you generate, expand, organize and transform all the information you require to put together a complete business plan. You can use Creately VIZ as your strategic partner - taking advantage of visual frameworks to build out winning strategies.

Business Model Canvas: The Business Model Canvas is a strategic planning tool, that condenses a comprehensive business plan into a one-page visual. Comprising nine key building blocks, it offers a holistic view of a business, from customer segments and value propositions to revenue streams and cost structures.

Strategic Blueprint: A strategic blueprint is a detailed, overarching plan that outlines an organization’s long-term goals and the actions needed to achieve them. It serves as a guiding document for decision-making and resource allocation. Typically encompassing mission statements, objectives, and tactics, a strategic blueprint provides a roadmap for navigating challenges and leveraging opportunities. It considers internal and external factors, aligning organizational strengths with market demands.

Capability Mapping: A business capability map is a visual representation that outlines the core competencies and capabilities of an organization. It provides a comprehensive view of the skills, processes, technologies, and resources required to achieve business objectives. Like a strategic blueprint, a capability map guides decision-making but focuses on the specific abilities needed for successful operations. It often categorizes capabilities into key domains, such as operational, strategic, and customer-related. This map serves as a strategic planning tool, aligning business activities with organizational goals.

AI transforms a static business plan into a dynamic blueprint that evolves with your business and the market. The competitive advantages it offers, from enhanced accuracy in market analysis to real-time adaptation and personalized strategies, underscore the transformative power of AI. As you embark on crafting your business plan, consider leveraging AI as your thinking assistant, ensuring your strategies align with evolving market dynamics. With AI, the journey from plan to success becomes a continuous and adaptive process.

Join over thousands of organizations that use Creately to brainstorm, plan, analyze, and execute their projects successfully.

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Chiraag George is a communication specialist here at Creately. He is a marketing junkie that is fascinated by how brands occupy consumer mind space. A lover of all things tech, he writes a lot about the intersection of technology, branding and culture at large.

6 Best AI-Powered Business Plan Generators (December 2023)

An entrepreneur is, in essence, a maker of plans. Actionable, specific plans for the realization of things that don't yet exist; turning ideas into action.

It sounds simple, but any business owner who has tried to start, build and grow a business knows how tricky this skill can be. Because, let's face it: business is too complicated to simply sit down and make 'one plan, one business plan to rule them all...'.

It's product and marketing plans. It's legal and financials; customer support and content plans. If you're doing it right, entrepreneurship means you are always standing at the edge of your next plan, always in a position to pivot as new information comes in and to update your plans accordingly.

The problem with such dynamic planning is that it takes time. Time to write out your plan. To assess what happened, and reassess if the current gameplan is still the best path. To think through the expected outcomes, costs and ROI.

Let alone making plans for things you're not-so-well-versed in. "I know I should have a Customer Onboarding Plan, but can someone please remind me of best practices again?"

Fortunately, we live in 2023 and some of the most powerful AI models in existence are available to help us with the more mundane and administrative side of business planning; so that you can focus on the strategic inputs and let your new AI-powered tools fill in the details.

In this post, I'll be sharing 6 of the best such AI-powered business plan generators. From tools to help you write out a formal business plan proposal (say, for applying for a business loan) to apps that will guide you through and generate plans for every step of your business building journey.

Let's take a look.

Best AI-Powered Business Plan Generators (2023 List)

• Tarkenton GoSmallBiz

Bizway is a little bit different to the other platforms on this list. From the ground-up, it's built with a simple idea: every task in your business deserves an AI Assistant. And while that absolutely does include business plan writing; it also includes every other step in that process.

When you're planning your business, you'll need some help with a variety of tasks. With Bizway, you can create:

• Market Research Assistants: To help you estimate market size, brainstorm target market segements and help with your pricing;
• Product Experts: To help you brainstorm product ideas, features, and how you'll develop it;
• Social Media Marketing Assistants: To write your content, brainstorm topics and ideas, do keyword research, and whatever else;
• And whatever other roles you need to help perfect your business plan.

This gives you full flexibility and freedom to sharpen your thinking and ideas for your business, before concretizing it in a more formal business plan.

Then, if you do need a more formally written document for an investor or when seeking funding, simply:

• Fill in the Business Model details that you'd like to include;
• Create a custom AI Assistant, name it 'Business Plan Writer' and give it instructions about styling, length and sections;
• Toggle on your new Business Plan Writer Assistant, and simply ask it to 'Write my business plan in full';
• And voila! Your business plan is served;
• Bonus: You can then follow up and ask for specific sections or details to be added/rewritten as you please.

The best part? Bizway doesn't end with a business plan. Once you have your plan, Bizway can serve as your new hub; with a team of custom AI Assistants to help you launch, grow and manage your business going forward.

Try Bizway .

2. LivePlan

Next on our list is LivePlan. This AI-powered tool is best known for its step-by-step guidance and interactive financial forecasting. It features easy-to-use templates and pitch guides, which can be a great starting point for startups and SMEs. LivePlan's Pitch feature helps you to quickly prepare a one-page infographic that highlights your business idea and its profitability to investors.

In addition, LivePlan allows you to benchmark your forecasts against similar businesses, giving you an insight into your competitive standing. The tool's performance dashboard also keeps you updated on your business progress, ensuring you stay on track with your plan.

3. Upmetrics

Upmetrics is an excellent AI-powered business plan generator that offers a plethora of features including a business plan editor, financial forecasting, and a collaboration feature that allows your team to work together on the plan. One standout feature of Upmetrics is its repository of more than 20,000 business ideas, which can provide inspiration for your own venture.

Additionally, Upmetrics has a Business Plan Analytics feature that allows you to analyze your business strategy and optimize your plan for maximum effectiveness. This is an excellent tool for entrepreneurs who want a deeper understanding of their business strategy.

4. IdeaBuddy

IdeaBuddy is a novel AI-powered business plan generator that targets entrepreneurs and startups in the initial stages of planning. The platform takes users through an organized idea development process dubbed "Idea Journey" that includes creating a business concept, building a business model, and planning a budget.

IdeaBuddy also offers an attractive feature named Storyboard. This tool allows you to visualize your business journey and share your vision with potential investors and stakeholders, fostering a deeper understanding of your idea.

5. GoSmallBiz

GoSmallBiz is a comprehensive business plan generator powered by AI. It covers all the essential aspects of a business plan including executive summary, company description, product/service line, and market analysis.

What sets Tarkenton GoSmallBiz apart is its integrated educational resources. With hundreds of business courses and webinars, users can deepen their business knowledge while creating a business plan. The AI tool also includes a real-time performance score that provides immediate feedback on your plan.

Rounding up our list is Bizplan, an AI-powered tool that makes business planning enjoyable with its interactive and easy-to-use interface. Bizplan breaks down the business plan creation process into digestible pieces through its "builder" approach.

Its standout feature is its ability to connect users to a global community of entrepreneurs, Fundable, where you can share ideas and seek feedback. Bizplan also has a robust financial forecasting tool that can help you project revenue, costs, and cash flow.

In conclusion, AI-powered business plan generators are an invaluable resource for entrepreneurs, startups, and small businesses alike. They not only simplify the business plan creation process but also provide insights and features that can significantly boost the success of your venture. With tools like Bizway, LivePlan, Upmetrics, IdeaBuddy, Tarkenton GoSmallBiz, and Bizplan at your disposal, you can confidently create a business plan that is both compelling and investor-ready.

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Business Plan Generator

IdeaMaster is an AI Business Plan generator that uses GPT-3.5 to generate comprehensive business plans for your startup. Simply select your industry and product type to get started.

Business Plan Ideas

Here's a list of business ideas that you can use to start your own business. All of these ideas are generated by our AI.

Elevate Your Strategy: AI for Business Plan

Take your business strategy to new heights with the power of AI. Discover how incorporating AI into your business plan can unlock untapped potential, enhance decision-making, and drive meaningful growth. Elevate your strategy and stay ahead in today's competitive business landscape.

Sintra AI Editorial

Table of contents

Introduction.

In today's fast-paced business landscape, where competition is fierce and innovation is the name of the game, staying ahead of the curve is absolutely crucial. And that's where the power of artificial intelligence (AI) comes into play, transforming the way businesses operate and revolutionizing the world of strategic planning.

From generating comprehensive business plans to analyzing market trends, AI has become an indispensable ally in the arsenal of modern businesses. Gone are the days of painstakingly collecting data and manually analyzing market dynamics—it's all about harnessing the power of AI to streamline and supercharge your planning process.

Get ready to elevate your strategy with AI for business planning like never before!

Unveiling AI's Significance in Strategic Business Planning

AI's significance in strategic business planning cannot be understated. By incorporating AI into the planning process, businesses gain access to a wealth of benefits. Firstly, AI-powered tools eliminate the need for manual data collection and analysis, saving valuable time and effort.

Additionally, AI can quickly analyze vast amounts of market data, enabling businesses to make informed decisions based on accurate insights. Moreover, AI algorithms can identify patterns and trends that humans may overlook, providing a deeper understanding of the market landscape.

These invaluable capabilities empower businesses to develop robust business plans that align with market demands and capitalize on emerging opportunities. With AI's ability to automate repetitive tasks and generate customized solutions, strategic business designing has become more efficient and effective than ever before.

Recommended Read: Sales Process Automation: 8 Effective Ways to Maximize Sales

ChatGPT Prompt For Your Business Plan

One remarkable AI tool for developing business plans is ChatGPT . This state-of-the-art language model allows users to interact with an AI-powered chatbot that provides step-by-step guidance in creating a business plan. Whether you're a seasoned entrepreneur or a budding startup, ChatGPT can be your virtual assistant, assisting you in formulating an effective business strategy.

Try the prompt below by filling out customized information about your business!

The best part is that you can get even more personalized output by following with a couple more ready-to-go prompts. You can find them in a free library of 2500+ AI prompts by Sintra AI.

Sintra AI streamlines the prompt engineering process by providing diverse pre-developed prompts suitable for different scenarios. Whether you're a beginner or an experienced prompt engineer, Sintra AI can be a valuable asset in your journey.

Edit and Review The Business Plan

While AI business plans can save time and money, it is important to note that they may contain errors. Therefore, it is crucial to conduct a thorough evaluation and review of the plan to ensure that it accurately reflects the strategic objectives of your business.

This evaluation should include an analysis of how the AI plan addresses key factors such as market analyses and financial forecasts. By carefully reviewing the plan, you can identify any potential issues and make necessary adjustments to ensure that it aligns with your business goals and objectives.

Tips for Leveraging ChatGPT in Developing Your Business Plan

To make the most of ChatGPT and create an exceptional business plan, here are a few tips to consider:

1. Clearly define your business goals: Before diving into the planning process, articulate your business's objectives, mission, and vision. This clarity will help the AI-powered tool understand your specific requirements.

2. Conduct market research: The success of any business plan relies on a thorough understanding of the target market. Leverage ChatGPT to gather insights on market trends, target audience preferences, and competitive landscapes. This information will enable you to craft a winning strategy.

3. Utilize AI's financial forecasting capabilities: ChatGPT and other AI tools can assist you in creating accurate financial projections. By incorporating historical data and market analysis, you can generate reliable revenue forecasts, expense estimations, and cash flow projections.

4. Collaborate with human expertise: While AI provides valuable guidance, remember that it works best when combined with human creativity and critical thinking. Engage with industry experts, mentors, and advisors to add a personal touch to your business plan and ensure its viability.

The Role of Market Research in AI-Powered Business Planning

Market research plays a pivotal role in AI-powered business planning. It is the foundation for making informed decisions and developing a successful strategy. Before diving into creating an AI-powered business plan, conducting thorough market research is crucial for understanding the current landscape, identifying opportunities, and mitigating risks.

Market research provides valuable insights into customer preferences, behaviors, and market trends. You can tailor your business plan and offerings by understanding your target market. Without proper market research, businesses risk developing strategies that may not resonate with their target audience or fail to address their needs.

Potential Risks of Inadequate Market Research

One of the potential risks of inadequate market research is an inaccurate understanding of customer demands. Failing to identify and meet customer needs can lead to a mismatch between the product or service and the market, resulting in poor sales and customer satisfaction. This can be a costly mistake that hampers the success of the business.

Additionally, insufficient market research can lead to underestimating or overestimating the competition. Being unaware of competitors' strengths, weaknesses, and market positioning leaves businesses vulnerable to losing market share or missing out on potential market opportunities. Market research helps evaluate the competitive landscape, enabling businesses to differentiate themselves and develop effective marketing and sales strategies.

Benefits Of A Well-Done Market Research

On the other hand, when market research is done right, the benefits can be groundbreaking. Proactively gathering data on target customers' preferences, pain points, and buying behavior allows businesses to tailor their products or services to meet those needs.

Effective market research also helps identify emerging market trends. This knowledge enables businesses to stay ahead of the curve by adapting their strategies to capitalize on these trends and meet evolving customer demands. By attuning to market dynamics, businesses can position themselves as industry leaders and gain a competitive edge.

Adequate market research reduces the risk of developing strategies not aligning with market demands and ensures that businesses are well-positioned to capitalize on market opportunities. By leveraging the power of AI and conducting comprehensive market research, businesses can significantly enhance the success potential of their AI-powered business plans and achieve their strategic objectives.

How To Make Sure That The AI-generated Business Plan Is Good Enough?

While AI-powered tools can aid in generating a business plan, it is essential to ensure their quality. Here are a few tips to make sure that the AI business plan is good enough:

Combine AI with Human Expertise: AI tools can provide a great starting point, but they should not replace the human touch. Use the AI-generated plan as a foundation and then customize it according to your specific business needs and goals.

Review and Edit: Carefully review and edit the AI-generated plan to ensure accuracy and coherence. Ensure that the content aligns with your business objectives and provides a clear roadmap for success.

Market Research: Conduct your own market research to validate the information provided by the AI-generated plan. This will ensure that your business plan is based on up-to-date market trends and insights.

Seek Feedback: Share your AI business plan with trusted advisors, mentors, or potential investors to get their feedback. This will help you identify any areas that need improvement and ensure that your plan is compelling to potential stakeholders.

7 Important Parts Of An Effective Business Plan

A comprehensive business plan consists of several key components that provide a solid foundation for your business. These parts include:

1. Executive Summary

This section provides a brief overview of your business, highlighting its unique selling proposition and the goals you aim to achieve. The executive summary is the first thing that potential investors or partners will read, so it needs to grab their attention and make them want to learn more about your business. Keep it concise and compelling, focusing on the most important aspects of your business.

2. Company Description

Here, you provide a detailed description of your company, including its mission, vision, and values. This section is where you can showcase what makes your business unique and how it adds value to the market. Describe the problem that your business solves and explain how your product or service addresses that problem in a way that sets you apart from competitors.

3. Market Analysis

Conduct thorough research on your target market, including customer demographics, market trends, and competitors. This section helps you understand your target audience better and identify your competitive advantage. Describe who your ideal customer is, their needs and preferences, and how your business will meet those needs better than the competition. Highlight any market trends or changes that present opportunities for your business.

4. Business Strategy

Outline your business goals and the strategies you will implement to achieve them. This section should include your marketing strategies, target market description, and how you plan to attract and retain customers. Explain your marketing and sales approach, including any unique tactics or channels that will help you reach your target audience. Lay out your pricing strategy, distribution plan, and any partnerships or collaborations that will support your business goals.

5. Financial Projections

Present a well-detailed financial plan, including cash flow projections, revenue forecasts, and break-even analysis. This section is crucial for attracting potential investors and securing funding for your business. It demonstrates that you have a clear understanding of the financial aspects of your business and have thought through the potential revenue and expenses. Use realistic and conservative estimates, and explain your assumptions and methodologies.

6. Operational Plan

Describe the operational aspects of your business, including your production process, supply chain management, and any necessary licenses or permits. This section shows that you have a clear understanding of how your business will operate on a day-to-day basis. Outline the key operational activities and processes, including any equipment or technology needed to run the business efficiently. Address any potential challenges or risks and explain how you plan to mitigate them.

7. Conclusion

Summarize your business plan, highlighting the key details and emphasizing the potential for success. This section ties together all the components of your plan and leaves a lasting impression on potential investors. Reiterate your unique selling proposition, the market opportunity, and the competitive advantage of your business. End on a positive note, expressing your enthusiasm and confidence in the success of your business.

Remember, a well-crafted business plan is critical for attracting investors, securing funding, and guiding the future growth of your business. It should be a dynamic document that you revisit and revise as your business evolves. A comprehensive and effective business plan helps you stay focused and on track, while also providing a roadmap for achieving your goals.

Exploring AI Business Plan Generators

AI business plan generators, such as Copy.ai, Sinra AI, Bit.ai, and Notion AI, have revolutionized the way business plans are created. These AI-powered tools utilize advanced technologies like natural language processing and machine learning to produce written content tailored to your business needs. Let's take a closer look at a few popular AI business plan generators:

Copy AI is an AI-powered tool that enables businesses to create compelling and persuasive content. It offers a wide range of templates and suggestions for various business documents, including business plans. The tool provides step-by-step guidance, making it easy for non-technical users to create a well-structured and comprehensive business plan.

2. Sintra AI

Sintra AI presents an exclusive fusion of automation bots for business processes and an extensive library of AI prompts crafted to optimize sales workflows and elevate the quality of decision-making. Through Sintra AI, enterprises can effectively mechanize monotonous assignments like data input and client queries, and customize a business plan, thereby enabling sales teams to dedicate their efforts to tasks of greater strategic importance.

Bit AI is a simplified AI tool that helps you create collaborative documents, presentations, and business plans. It offers an easy-to-use interface and allows multiple users to collaborate in real time. With Bit.ai, you can create a strategic roadmap for your business, interlink business plan documents, and attract potential investors with visually appealing content.

4. Notion AI

Notion AI is an AI business plan generator that focuses on providing an organized and structured approach to business strategizing. It offers various templates for business plans and guides users through the process of creating a comprehensive plan. Notion AI also features financial forecasting tools, making it easier for businesses to create accurate projections and secure funding.

Using AI-powered tools for business plan generation can save time, effort, and even money. These tools automate the entire process, allowing you to focus on other critical aspects of your business. However, it is important to remember that AI is a tool, and human expertise is still necessary to ensure the quality and relevance of the generated plans.

Introducing Sintra AI: Your Key to Unlocking a Customizable AI-Generated Business Automation

In the world of business groundwork, finding an AI-powered solution that meets your unique needs can be a game-changer. That's where Sintra AI comes in. Sintra AI offers a customizable and intuitive platform that generates business automation solutions tailored specifically to your requirements.

We understand that every business is unique and requires personalized attention. With our user-friendly interface and powerful AI technology, Sintra AI simplifies the process of creating a comprehensive business plan that aligns with your goals and aspirations.

Whether you're a seasoned entrepreneur or a budding startup, integrating AI into your business planning is a game-changer. With AI's efficient data analysis capabilities, accurate financial projections, and personalized guidance, you can stay one step ahead of the competition and make data-driven decisions that drive your business forward. Embrace the power of AI and unlock the potential of your business with ease, confidence, and innovation.

Frequently Asked Questions

What is the best ai for writing a business plan.

While there are several AI tools available for writing business plans, choosing the "best" one depends on your specific needs and preferences. However, ChatGPT, with its interactive and user-friendly interface, is a popular choice. Its conversational approach and step-by-step guidance make it a valuable tool for creating comprehensive and customized business plans.

Is there an AI to check business ideas?

Yes, there are AI tools available that can help assess the viability of your business ideas. These tools utilize AI algorithms to analyze market data, trends, and competition to provide insights on the potential success of your business idea. While AI can provide valuable information, it's important to remember that human expertise and judgment are crucial in evaluating business ideas comprehensively.

How do AI-powered business planning tools save time?

AI-powered business plan generator tools like ChatGPT streamline the planning process and automate repetitive tasks. These tools can quickly generate sections of a business plan, such as market analysis or financial projections, based on the inputs provided. The time saved from manual data collection and analysis allows you to focus on refining your strategy and making informed decisions.

Can AI-generated business plans attract potential investors?

AI-generated business plan can certainly help attract potential investors. These plans leverage AI's capabilities to present comprehensive and data-driven strategies, showcasing the potential of your business. However, it's important to ensure that the AI-generated plan is personalized, well-researched, and aligned with the specific needs and interests of potential investors.

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The Future of Business Planning

Venture Planner uses cutting-edge technology to generate professional business plans effortlessly. The platform, equipped with an advanced AI interface, guides you through a sequence of multiple-choice questions before generating everything you need, including detailed financial forecasts.

• Fully Bespoke to Your Business
• Professional Forecasting

No Typing Required

Join the revolution.

Since launching in Dec 2023.

Used in every sector and industry.

Helping businesses worldwide.

Outpace Your Rivals with Cutting-Edge AI

Harness the power of Venture Planner to create a winning plan and gain a competitive advantage over your competitors.

Answer The Questions

Here's the ingenious bit, the platform doesn't require you type anything. Instead, the AI will pose a series of questions, gathering information on your vision, goals and ambitions.

Generate Your Plan

Our sophisticated AI then analyses your inputs and generates tailored suggestions and strategies for you to consider. Finally each section of your plan is generated according to your specific requirements.

Next-Gen Business Planning

There is no need for typing and minimal data entry, just answer the questions, we do the rest.

Automated Projections

Quickly create precise and realistic financial forecasts without any financial expertise.

Professional Quality

Created by business leaders and financial advisors our plans are the highest quality available.

Strategy Suggestions

Our AI provides multiple strategies to increase business growth and success.

Powerful AI Engine

Leverage the power of the worlds most advanced AI to supercharge your business plans and growth.

Get the AI Advantage & Overtake your Competitors

Winning strategy.

Craft business strategies that position you ahead of the curve.

By leveraging data-driven insights, you can make informed decisions that propel your business to new heights, ensuring a competitive edge in your industry.

Improved Marketing

Enhance your marketing with AI that understands your audience.

Our system helps you create a marketing plan that will resonate with your target demographic. With our AI, you can ensure that your marketing message hits the mark every time.

Accurate Financials

Trust in AI to deliver precise financial forecasts and budgeting.

Plan investments, manage cash flow, and predict revenue with confidence, securing your business's financial future.

Better Branding

Plan a brand that connects and endures.

Enhance your brand's presence and loyalty with a unique identity that speaks directly to your audience's needs and aspirations.

Reduced Risk

Identify potential pitfalls before they occur.

From market shifts to operational challenges, our AI tools provide you with the foresight to navigate obstacles and secure your business's continuity.

Achieve Objectives

Identify and manage short and long term objectives.

Be clear about your goals and put in place an action plan to achieve them.

Forecasting

Revenue projection, cash flow forecast, profit & loss, balance sheet.

We make it easy to create revenue projections, so you can make informed decisions based on accurate figures.

• Easy input of sales drivers and growth assumptions with user-friendly interfaces
• Create multiple what-if scenarios to understand potential outcomes.
• Generate detailed reports that can be used for investor presentations or internal strategy meetings.

Automated cash flow forecasting provides the insights needed to manage liquidity, plan for the future, and avoid potential cash shortages.

• Automatically calculates cash inflows and outflows, reducing the risk of human error.
• Generate graphical representations of cash flow data for easier interpretation and analysis.
• Categorise and track expenses automatically for comprehensive expense management.
• Match revenues with corresponding expenses for accurate profitability analysis.
• View key performance indicators such as gross margin and net profit margins.

Get a clear view of the businesses financial health by accurately representing assets, liabilities, and equity.

• Calculate key financial ratios such as debt-to-equity and current ratio for financial analysis.
• Track depreciation and amortization schedules for accurate asset valuation.
• Monitor short-term and long-term liabilities to ensure accurate reporting.
• Keep track of equity changes from retained earnings and capital injections.

Subscriptions

We offer two options, each provide full access to all features. The choice is simply a matter of how many plans you wish to create.

• Business Subscription For entrepreneurs and others looking to create a single professional business plan.
• Consultant Subscription For business plan writers and consultants who need to create multiple business plans.

Limited Time Offer

TechBullion

Demystifying ai business plans: a step-by-step guide for entrepreneurs.

How often do you use AI tools in your startup? If the answer is “not often,” then it’s time to start because technology offers many ways to save you time and money. When you are thinking of starting a business, the first thing you should do is develop a business plan. Fortunately, you no longer need to look for competent people or agencies; you can do all this yourself. AI can already write a business plan; the main thing is to know how to use it properly, and that’s what we’re here for. In this blog, we will teach you step by step how to create a competitive and impressive business plan for your business with the help of AI business generators.

How AI Business Plan Generators Work

Before proceeding, let’s review the specifics of AI business plan writers. These technologies use AI algorithms to analyze data, market demands, and trends to create a comprehensive business plan tailored to your business’s unique needs. These generators enable the creation of professional-grade plans efficiently and effectively by automating much of the process.

Step 1: Define Your Objectives

When thinking about a business plan, the first thing we need to do is clarify our business goals. Before you start using AI business plan generators immediately, define your goals and vision. Determine what you want to achieve with your business: create a new product, enter a new market, or expand an existing market. For the AI business plan writer to offer you a personalized plan, it is important to provide detailed information.

Step 2: Gather Relevant Data

AI business plan generators rely on data to generate insights and recommendations. Collect relevant information about your target market, competitors, industry trends, and financial projections. The more data you provide, the more accurate and insightful the generated plan will be. Be sure to include both quantitative data, such as market size and revenue projections, and qualitative data, such as customer feedback and industry analysis.

Step 3: Choose the Right AI Business Plan Generator

Next, you must find the AI business plan generator that will work best for your company. Not all of them are the same, so take your time to search to find the platform that fits your needs and requirements. Look for tools like customization capabilities, industry-specific templates, and integration with other business industries. Find out what other entrepreneurs say about this platform based on their experience.

Step 4: Input Your Data

Once you’ve selected an AI business plan generator, it’s time to input your data. Most platforms will guide you through questions and prompts to gather the necessary information. Be thorough and accurate in your responses, as this will ensure the generated plan is tailored to your specific business needs. You can also upload existing documents or spreadsheets to customize the plan further.

Step 5: Review and Customize

After inputting your data, the AI generator will produce a draft business plan based on its analysis. Take the time to review the plan carefully, paying attention to crucial sections such as the executive summary, market analysis, competitive landscape, and financial projections. While the AI-generated plan provides a solid foundation, don’t hesitate to customize it to reflect your unique vision and goals better. Add or modify sections to ensure the plan accurately represents your business.

Step 6: Seek Feedback

Once you’ve customized the plan to your satisfaction, seek feedback from trusted advisors, mentors, or colleagues. Fresh perspectives can provide valuable insights and identify potential blind spots or areas for improvement. Incorporate feedback into the plan, refining it further to strengthen your business strategy.

Step 7: Implement Your Plan

With a finalized business plan in hand, it’s time to put your strategy into action. Use the plan as a roadmap to guide your business decisions and operations. Monitor progress closely, track key performance indicators, and be prepared to adjust your strategy as needed based on market feedback and changing circumstances.

Final Thoughts

For a business to succeed, a good business plan is essential. A comprehensive business plan can be created quickly and easily with the AI business plan generator. Follow the above tips, define your goals, and choose the right platform to increase your chances of success. Remember that with the right tools and mindset, the possibilities are endless.

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Creating a Winning AI Business Strategy: 8 Steps

Wondering how AI can transform your business? Begin with our 8 strategic steps to a winning AI business plan.

eWEEK content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More .

Developing a competitive artificial intelligence business strategy has quickly become an essential leadership strategy as AI has grown into an indispensable business tool.

Businesses from all different industries are incorporating new enterprise AI use cases in their workflows to improve products and disrupt their respective industries. To keep up with the competition, business leaders need to develop an AI business strategy that addresses their unique business model while helping them keep pace with industry-wide digital transformations.

In this guide, we’ll walk you through eight key steps of crafting a top AI business strategy. We’ll also cover some of the greatest benefits and biggest challenges that come with adopting AI as part of your business’s operational framework.

TABLE OF CONTENTS

1. Identify Current Performance and Technology Gaps

Artificial intelligence tools and strategies can be infused throughout your business operations, but chances are, there are a few key areas where AI will make the highest-value impact in your organization.

To determine where these gaps are, start by looking at your legacy tools and applications, as well as any performance data or support tickets that indicate recurring problems with those systems. Additionally, assess the size and quality of different departments and teams, paying close attention to any resources they’re missing that would make their work more efficient.

Finally, look at things from the investors’ or customers’ perspective and ask this question: What current performance gaps are impacting their experience or the bottom line?

Asking these questions, completing a deep audit of your current resources and processes, and documenting your most crucial gaps is an important first step toward determining which AI solutions, partners, and investments are most strategic for your business.

To develop a plan to improve performance, it’s critical to create metrics. The chart above illustrates the various metrics that can be used to estimate the ROI of an AI investment. Source: Gartner

2. Research the AI Technology and Services Landscape

Once you’ve decided which areas of your business could most benefit from AI tooling and strategy, it’s time to look at the AI technology landscape and what it has to offer.

Depending on your internal skill sets and budget, you may choose to invest in:

• A free AI tool , an open-source solution, or a fine-tuned existing AI model
• A managed large language model
• Or even build your own generative model (though this is a particularly resource-intensive and expensive approach)

There’s also a wide range of prebuilt AI tools that won’t require you to adjust any deep learning algorithms or training data. Instead, you’ll simply work with the vendor or their platform to adjust the AI to your specific needs. You’ll also need to determine if you want to invest in more generic AI solutions — such as chatbots, copilots, and AI automation tools — or if you’re interested in a more specialized solution that is designed for your industry or a enterprise specific use case .

All of these approaches are valid but may not be the best route for your business. To make the best possible investment, spend some time researching leading AI vendors , big and small, assessing their individual products, longterm roadmaps and goals, and the additional resources they provide to support their customers.

It’s also valuable to look at customer reviews on third-party review sites, ratings from technology research firms, and the investors that are currently backing some of these technologies. Through each of these portions of your research, return to this question: Does what I’ve learned about this vendor, product, or service align with our business’s goals and way of doing things?

3. Set SMART Goals for AI Adoption

You’ll likely have a basic idea of your AI adoption goals and desired outcomes at this point, but you’ll stand the best chance of reaching those goals if you spell them out. There are several different ways to do this, but SMART goals provide a straightforward and highly objective way to measure how well you’re staying on track.

SMART goals are:

• Specific: The goal should very clearly state what you want to accomplish and on what timeline. It’s important to include numerical measures of progress and deadlines so everyone understands what the goal is. For example, “increase online conversion rate for sales of personalized AI product recommendations by 10% in the next eight months” is a highly specific SMART goal.
• Measurable: Again, numbers are important for these types of goals, because you’ll only know if you’re on track if there’s a way to measure your progress toward milestones. In the example we’ve listed above, the numbers are all there, and the team can easily track which conversions are happening due to AI-powered recommendations.
• Achievable: AI adoption will fall apart if you don’t set realistic goals for your team to act on. In the case listed here, this goal should be achievable if enough team members are aware of and committed to resourcing it.
• Relevant: Just because AI can do a certain task doesn’t mean that it’s the most efficient way to use it in your business. Be sure to set goals that are relevant to your business operations and longterm revenue goals, or else you’ll end up wasting time on a less-valuable project. This SMART goal is only valuable for businesses that are hoping to increase their product revenue in this way.
• Time-bound: SMART goals should include a realistic timeline for completion. In the details or subtasks that roll up into this goal, consider including monthly or weekly check-ins so progress and bottlenecks can all be assessed.

Your team may have one or several SMART goals like this one, depending on how many AI projects you’re working on at once. A helpful way to organize and visualize all of these goals as part of a bigger picture is through a planning roadmap. And while these goals may look a little different, it’s worthwhile to spell out any AI ethics or compliance goals too, so your team won’t forget about them in the middle of implementation.

4. Partner With Strategic AI Vendors

AI vendors come in all shapes and sizes. There are massive enterprises that were some of the earliest pioneers of AI technology, there are small AI startups that focus on a specific product or use case, and there’s companies that do a little bit of everything for AI products and services.

While it isn’t realistic to research every AI company out there, it’s smart to look at a variety of players to see who would be a strategic partner for your business. In many cases, the biggest name isn’t the most aligned or experienced with what you want to do.

The best way to ensure your AI investments work across all departments and functions is to bring key leaders, managers, and stakeholders from each group into the decision-making process. Consider having them complete a demo or trial period, share their perspective on what is and isn’t working with their current tech stack, and gain more operational data to secure a well-informed partnership or a well-rounded purchase.

5. Develop and Follow an AI Implementation Plan

Realistically, you’ve already completed several steps in creating your AI implementation plan, especially if you were thoughtful while writing out your AI adoption goals. Now, it’s time to figure out the exact details for executing a successful AI rollout.

You’ll want to first prep all key aspects of your internal operations — tools, data, and teams — for AI adoption. With your existing applications and data, this step may involve cleaning up or reformatting data so it works with new tools. With your teams, you may need to take some time to share your tooling and timeline decisions with them so they know where they fit into the AI implementation schedule.

Several examples of AI action or implementation plans can be found online, but ultimately, you know what makes the most sense for your team. Source feedback from your employees, talk with your vendors about what’s possible, and don’t be afraid to adjust your plan if needed along the way.

6. Create Cross-Functional AI Training and Change Management Programs

AI business strategies, no matter how strategic, will fall apart if your teams are unaware of or uninvested in your hoped-for outcomes. That’s why it’s important to train all employees on how AI will impact their role and how they can best use it for success. This can be a particularly sensitive step in an AI business strategy, as some employees may fear they are being replaced by AI.

To address and mitigate these fears, make sure that your change management program offers retraining and professional development resources that can help these employees feel confident if they need to up-skill. Fortunately, many AI vendors provide customers with extensive knowledge bases, learning resources, and even training academies and certifications that can help. These resources are available at all times, so when new employees come aboard or existing employees need a refresher, go back to these resources to keep things running smoothly on all fronts.

7. Track AI Performance Metrics

During and after AI implementation, your business should regularly track AI performance through the metrics that matter most to you. For example, if you’ve adopted an AI healthcare assistant or agent, your metrics may look something like this:

• Patient satisfaction with AI agent interactions
• AI agent’s response timeliness
• AI agent’s response accuracy
• AI agent’s adherence to HIPAA and privacy standards
• Number of patient interactions with AI agents over time

However, if you’ve invested in an AI data analytics platform to support your marketing and sales teams, your metrics may be more like this:

• Quality of predictive insights
• Quantity of predictive insights
• Relevance and actionability of AI recommendations
• User satisfaction with AI and data explainability
• Performance speed and accuracy with larger datasets

As you can see, these metric sets are quite different from each other. But they’re similar in that they each focus on both quantitative and qualitative measures of success. Regardless of what type of AI tool you use, be sure to select a wide variety of useful metrics and measure often; these measurements will help you determine if an AI app needs updating or a team needs retraining for better outcomes.

8. Adjust AI Solutions and Plans Periodically

What AI looks like today is not what it will look like tomorrow. And what your business looks like today is not necessarily what it will look like tomorrow or a month from now. Additionally, the AI tooling and regulatory landscape is changing at a rapid and constant rate, so it’s important to keep your AI implementation and adoption plans iterative and agile.

If you adopt and test AI solutions on an iterative basis while also keeping up with how AI and industry-specific regulations are evolving — as well as how your customers and the general public’s views on AI ethics and usage change over time — you’ll be prepared to shift your approach quickly and keep your company aligned with the best possible outcomes.

For a deeper understanding of AI compliance issues, read our guide: AI Policy and Governance: What You Need to Know

7 Benefits of AI Business Strategy Planning

The potential benefits of AI grow significantly when AI is accompanied by an effective business strategy. These are just a handful of the benefits that come with comprehensive AI business strategy planning:

• More strategic AI adoption and usage: An AI business strategy plan provides clear details about who should use what AI tools, when and why they should use them, and how they should use them most effectively. This comprehensive plan helps your whole team adopt the right solutions and ensure they actually get used in a way that consistently benefits the business.
• AI risk management and disaster recovery planning: An AI strategy doesn’t just cover what tools you’ll be using but also delineates what structures and safeguards will need to be established for success. The preplanning that comes with AI business strategy leads many business leaders to prepare a more effective risk management and disaster recovery plan, which may even extend beyond your AI tools to better protect the rest of your business applications and operations.
• Responsible and ethical approach to AI adoption: AI business strategies help you to think about all of the ways AI can impact your business, both good and bad. Proactive planning and ideating for AI is the best way to ensure you make responsible and ethical decisions that consider the needs of your employees and customers alike.
• Cross-functional and cross-disciplinary AI adoption: Without an AI business strategy, individuals or individual departments may adopt AI tools without much thought given to who else could benefit from these technologies. An overarching AI strategy helps the entire business identify useful tools and how they can be used effectively in different roles and divisions of the company.
• Competitive edge: Businesses that flesh out their AI strategies will have a clear picture of what they want to accomplish and what steps they need to take to get there. While other competitors may simply start using AI and run into performance issues or bottlenecks due to poor planning, businesses with an AI strategy will avoid many of these pitfalls and pass their competitors quickly.
• Automation and productivity support: An AI strategy assists leaders in identifying where current performance gaps or challenges are hindering productivity in the business. From there, they can select the AI software that is most likely to solve these issues, automate complex workflows, and otherwise improve the day-to-day operations of the business.
• Enhanced customer experience and customer insights: Businesses typically start their AI journey with internal solutions to help their employees’ productivity, but with an AI business strategy, they may more quickly identify how AI can improve customer experiences.

7 Common Challenges of AI Business Strategy Planning

AI business strategy planning is a difficult process, especially if you don’t get the right people and solutions in place from the outset. These are some of the most common mistakes and challenges that businesses face when working on AI business strategy plans:

• Making smart cross-functional AI investments: Technology investment decisions are often made from the top down. But with AI technology that is designed to be embedded and incorporated into multiple parts of business operations, this approach may mean you invest in a tool that is not a good fit for certain employees’ day-to-day responsibilities. To avoid this, you should create a cross-functional decision-making team for AI business strategy planning.
• Preparing internal data and operations for AI: Many organizations spend all of their time researching and selecting the right AI tool for their business but never consider all of the work that should go into preparing their data, workflows, and other business assets for AI. Businesses that fail to prepare their data for AI may end up with poorly-trained or ineffective AIs, or worse, an AI that has been exposed to PII or PHI in a noncompliant manner.
• Setting and sticking to reasonable AI goals: AI is an exciting business prospect, and many business leaders are tempted to implement AI solutions across their operations all at once. However, this method can lead to implementation errors and limited utility, as you’re giving your teams minimal time to edit and fact-check AI additions. It’s a good idea to set iterative AI implementation goals, giving your team a chance to learn how these solutions work and optimize them before moving on to the next big thing.
• Considering AI from important ethical and privacy angles: Whether you’re in a highly regulated industry or not, working with AI can be risky because of how some of these models train with and otherwise expose private data and business processes. Businesses should steer clear of AI companies that are unable or unwilling to explain their data collection and training processes; they should also work closely with these vendors to determine what additional AI privacy security safeguards need to be added to protect their data when using AI tools.
• Identifying and enforcing change management best practices: Businesses often make the mistake of subscribing to an AI tool and then letting it collect dust while employees continue to manage their workflows as usual. To make sure AI investments are threaded through your operations effectively, you must first determine what AI should support and why and how this support should be offered. From there, it’s important to train and retrain all impacted workers on how to work with AI in their roles.
• Addressing new security challenges: Because of how AI technology works with data and complex training algorithms, these models can expose your data and operational infrastructure to new security risks. Many businesses fail to prepare for these new attack surfaces, which can lead to severe breaches and data theft or loss.
• Staying up-to-date on changes in AI technology and regulations: The AI technology landscape — and the regulations that are trailing just behind — seems to change on a minute-by-minute basis. If your organization doesn’t keep up with these changes, you may find yourself in a position where you’re using a tool or working with a company that is operating unethically or is noncompliant with regulations that impact your organization. It is your responsibility to stay abreast of regulatory changes and confirm that your AI vendors and tools are in alignment.

Frequently Asked Questions (FAQs)

Why do you need an ai strategy.

Businesses need an AI strategy because investing in AI technologies can be an expensive, risky, and time-consuming practice. Going in with clear objectives and a strategic framework for AI investment will help your team identify the best solutions and get them operational with minimal hassle. This strategy will also help you determine if AI companies, technologies, and methodologies align with your organization’s culture, long-term goals, and ethical and legal expectations.

What Is an Example of an AI Strategy?

An example of an AI strategy is the structured framework, objectives, and measured steps that go into an AI implementation project like deploying a customer-facing AI chatbot on your e-commerce site.

To do this effectively, your organization should follow an AI strategy to get the right stakeholders involved, establish a clear overarching goal, set up objectives and deadlines, determine steps and initiatives to move in that direction, and define metrics to measure the overall success of this strategic implementation.

In the case of the example listed here, this will involve actions like:

• Involving marketing, sales, IT, and product team stakeholders in decision-making
• Setting a goal for how you want the AI chatbot to interact with customers and pass off conversations to human agents
• Developing the steps and investments your organization needs to reach this goal
• Measuring the AI solution’s success with metrics like response accuracy, response speediness, and customer satisfaction

How Do You Implement AI into Your Business?

You should implement AI into your business through an iterative and ongoing strategic process. As business priorities, budgets, stakeholders, and the AI landscape change over time, it will be important to watch for these shifts and make changes to your AI tooling strategy accordingly. Taking measurable, distinct steps in your AI adoption journey will make it easier to pivot.

Bottom Line: Developing an AI Business Strategy That Works for You

AI business strategies should be custom-fitted to your organization, though the steps covered above provide a useful framework for getting started. Ultimately, you know what your business’s weaknesses are and what areas can most benefit from AI adoption. If you don’t know where these weaknesses are now, it’s time to start the internal discovery process and speak directly with internal stakeholders so you can identify where AI support is most needed.

When you begin to develop your AI business strategy, start by reflecting on what’s happening in your particular organization, industry, talent pool, and tool stack. All of these variables should influence the AI partnerships and tools you select, especially as many AI vendors are beginning to specialize in highly specific niches and use cases. If your workforce has limited AI experience or technical knowledge, it may be wise to research and partner with an AI-as-a-service or AI consulting company that has experience with your industry and the goals you are trying to accomplish.

To learn where the next generation of AI companies are headed, see our extensive overview: Top 75 Generative AI Startups

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Mark Zuckerberg laid out 3 ways Meta will make money from its huge AI investments

• Mark Zuckerberg has become "more optimistic and ambitious" about Meta's ability to win in AI.
• The Meta CEO now plans to spend about $40 billion this year, largely on AI investments.
• He sees three ways AI can become a "massive business" for Meta in the next few years.

Mark Zuckerberg is now convinced that Meta is a top artificial-intelligence company, and he has even laid out how the technology will become a significant source of profit in the years ahead.

With the recent release of Llama 3 , Meta's latest AI model , Zuckerberg said he became "more optimistic and ambitious on AI" and his company's ability to deliver on the tech.

He made it clear during a Wednesday earnings call with analysts that he intended to "invest significantly more over the coming years to build even more advanced models and the largest-scale AI services in the world."

"With the latest models, we're not just building good AI models that are capable of building some new good social and commerce products," the CEO told analysts. "I actually think we're in a place where we've shown that we can build leading models and be the leading AI company in the world. And that opens up a lot of additional opportunities beyond just the ones that are the most obvious for us."

Heavy spending again

Such ambition doesn't come cheap. Meta increased its guidance on capital expenditure for this year, saying it now planned to spend between $35 billion and $40 billion, largely on AI investments. Its stock slumped 16% in after-hours trading.

The last time Zuckerberg got excited about a new technology — the metaverse — Meta spent wildly and freaked investors out. The stock collapsed and didn't recover until the company embarked on a "year of efficiency" marked by mass layoffs and a more business-minded CEO .

Zuckerberg on Wednesday made a concerted effort to head off Wall Street panic that his new AI enthusiasm is lacking in business acumen.

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He said he saw "several ways" generative AI could make money and laid out three specific paths to this becoming "a massive business" for Meta. Although he warned that getting there was a "long-term" prospect.

'Business messaging'

One of the ways AI can make money is by building up "business messaging" so that companies pay Meta for generative-AI tools, such as services that support automated interactions with users and customers. Zuckerberg envisions Meta's AI moving beyond just being a chatbot and becoming an AI "agent" that handles more complex tasks and processes multiple queries to solve user problems instead of coming back instantly with rote answers.

Zuckerberg said revenue from AI business messaging was "one of the nearer-term opportunities." While it may not become a reality this year, he said it was less than five years away. He explained that the immediate goal on this front was "getting many hundreds of millions or billions of people to use Meta AI as a core part of what they do."

Ads appearing in AI interactions

Another way generative AI could make money for Meta is by "introducing ads or paid content into AI interactions," as Zuckerberg said. Although brands and companies paying for products to show up in generative-AI results is not yet the standard for AI chatbots, Meta's entire business is effectively driven by selling digital advertising. Inserting ads into its social and messaging products is at the core of Meta as a company.

AI is already being more widely deployed by Meta in its newer "unconnected content" algorithm for social-media content recommendations, which Zuckerberg said was leading to more app engagement. That, in turn, leads to more people seeing more ads. He said that 30% of the content that Facebook users were seeing was recommended by AI, and the same applied to 50% of the content seen by Instagram users.

Selling access to AI models

A third distinct way Meta may make money from AI is by selling access to models as they get larger. "Enabling people to pay to use bigger AI models and access more compute," as Zuckerberg put it on Wednesday.

Right now, Llama 3 and Meta's other large language models are freely available to users and companies below a certain size threshold. Charging for access may be a move away from Meta's "open source" approach.

"So if the technology and products evolve in the way that we hope, each of those will unlock massive amounts of value for people and business for us over time," Zuckerberg said, adding, "I think it makes sense to go for it, and we're going to."

Watch: AI expert explains how to incorporate generative AI into your business strategy

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