ai for business plan creation

Create Your Business Plan in Minutes

Type your business idea below.

What Our Users Say

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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...

10 Best AI Business Plan Generators (May 2024)

Unite.AI is committed to rigorous editorial standards. We may receive compensation when you click on links to products we review. Please view our affiliate disclosure .

Table Of Contents

In today's fast-paced business world, having a well-crafted business plan is essential for securing funding, guiding decision-making, and charting a course for success. However, creating a comprehensive and persuasive business plan can be a daunting task, especially for entrepreneurs and small business owners who may not have extensive experience in this area. Fortunately, the rise of AI tools has improved the business planning process, making it more accessible, efficient, and effective than ever before.

In this blog post, we will explore the top AI business plan generators that can help you create a winning plan for your venture.

1. Upmetrics

Upmetrics is an AI-powered business plan tool that guides individuals and small businesses through the process of writing a top-notch business plan. With its user-friendly platform and step-by-step guidance, Upmetrics makes it easy for anyone to create a professional-quality plan, regardless of their level of business expertise.

The tool offers a wide range of features, including 400+ business plan samples, AI-assisted writing, and financial forecasting up to 7 years. Upmetrics also provides an AI-generated pitch deck feature, allowing users to create a compelling presentation in less than an hour. The platform's flexibility and adaptability make it suitable for various industries, from tech startups to retail stores and service businesses.

Key features of Upmetrics:

• 400+ business plan samples
• AI Assistance to write business plans
• AI-generated business plans (Entirely AI-generated)
• Financial forecasting up to 7 years
• AI to create pitch deck in less than an hour
• Free guides and educational resources
• Real-time cloud storage
• Easy collaboration and sharing options

Plus AI is an AI-powered tool that specializes in creating professional, well-designed presentations, making it an ideal choice for crafting business plans. The platform integrates seamlessly with Google Slides, allowing users to access built-in editing and collaboration features.

With Plus AI, users can generate a comprehensive business plan outline based on a brief description of their business, which can then be easily edited and rearranged to suit their specific needs. Plus AI offers the flexibility to generate slides one at a time or create an entire presentation in a single step, making it a versatile tool for businesses of all sizes. The platform also provides a free trial, allowing users to explore its features before committing to a paid plan.

Key features of Plus AI:

• Direct integration with Google Slides for easy editing and collaboration
• Customizable slides that can be edited, revised, and themed after generating a first draft
• Slide-by-slide or full presentation generation options
• Free trial available for users to try Plus AI before committing to a paid plan

Use discount code: UNITEAI10 to claim a 10% discount .

Read our Plus AI Review or visit Plus AI .

copy.ai is an AI-driven platform that simplifies the content creation process for business plans, marketing materials, and more. By leveraging advanced AI algorithms, copy.ai generates high-quality, engaging content tailored to your specific needs. The platform offers a range of features designed to streamline the writing process, including customizable business plan sections, AI-generated content options, and the ability to adapt the tone and style of the content to suit your brand.

copy.ai also provides multilingual content generation, a built-in plagiarism checker, and brand voice consistency, ensuring that your business plan is original, professional, and aligned with your overall messaging.

Key features of copy.ai:

• AI-assisted business plan writing
• Customizable business plan sections
• AI-generated content options
• Multilingual content generation
• Built-in plagiarism checker
• Brand voice consistency
• Versatile content creation for sales and marketing teams

4. Storydoc

Storydoc is an AI-powered business plan generator that simplifies the creation of interactive and persuasive business plans, without requiring any design skills. The platform offers a user-friendly interface with a wide selection of interactive slides tailored for startups and new businesses, which can be easily customized to align with the user's vision and requirements.

Storydoc's AI Business Plan Presentation Designer creates scroll-based, web-friendly, and mobile-optimized presentations, complete with performance analytics. The platform also ensures the security and privacy of user data, adhering to stringent security protocols and industry best practices. With Storydoc, users can create engaging business plan presentations that capture the attention of investors and stakeholders.

Key features of Storydoc:

• AI Business Plan Presentation Designer for scroll-based, web-friendly, and mobile-optimized presentations
• Secure and reliable platform that ensures the security and privacy of user data
• Interactive slides that can be customized to align with the user's presentation vision and requirements
• Mobile-optimized presentations that look great on any device
• Integrations with Calendly, Loom, YouTube, Typeform, and more for added functionality

5. 15minuteplan

15minuteplan.ai is an AI-powered business plan generator that streamlines the process of creating a business plan, allowing entrepreneurs and small to medium-sized enterprises (SMEs) to produce effective plans in just 15 minutes. The platform is designed to make business planning universally accessible, regardless of the user's experience in business or writing.

With its advanced AI algorithms, 15minuteplan generates comprehensive, up-to-date business plans based on the latest market trends and business best practices. The platform also features a unique ‘Talk To Plan' functionality, enabling users to dictate specific changes or additions, which are then seamlessly integrated by the AI. Additionally, 15minuteplan supports various languages, making it accessible to users worldwide.

Key features of 15minuteplan:

• AI Business Plan Creation based on the latest market trends and business best practices
• Talk To Plan functionality for easy dictation of changes or additions
• Multilingual support for 10+ languages, with more being added continuously
• User-friendly interface for inputting essential business information
• Downloadable Word document for easy sharing and modification

6. Notion AI

Notion AI is an AI-powered tool in Notion that simplifies the creation of comprehensive business plans, emphasizing an organized and structured approach to business strategizing. The platform offers a wide range of features designed to streamline the business planning process, including AI-driven content generation, rewriting, shortening, expansion, and tone adjustment.

Notion AI seamlessly integrates with the Notion platform, allowing users to access features such as database creation, organization, and management, as well as collaboration and sharing options. With Notion AI, users can create tailored content that aligns with their business objectives and voice, while significantly reducing their workload in crafting compelling narratives that secure buy-in from investors and stakeholders.

Key features of Notion AI:

• AI-driven content generation, rewriting, shortening, expansion, and tone adjustment
• Integration with Notion for database creation, organization, and management
• Collaboration and sharing features for inviting team members and stakeholders
• Real-time cloud storage for secure and accessible data
• Streamlined business planning process for crafting compelling narratives

7. Beautiful AI

Beautiful AI is an AI-powered presentation software that enables users to create stunning business presentations and plans in no time, without requiring any design skills. With this platform, users simply need to add text, and Beautiful AI will transform the content into elegant presentation slides, eliminating the need for manual image resizing or content placement.

The business plan template can be accessed by logging in, and users will be prompted to fill out a few key details about their business. Beautiful AI offers a wide range of features, including 65+ smart slide templates, custom presentation themes for brand consistency, and hundreds of customizable starter templates, ensuring that users never have to start a presentation or business plan from scratch.

Key features of Beautiful AI:

• 65+ smart slide templates with pre-designed slide galleries
• Brand consistency with custom presentation themes
• Hundreds of customizable starter templates
• Designerbot for creating first drafts based on user requirements
• Effortless content transformation into elegant presentation slides

8. Wordkraft AI

Wordkraft AI is an AI-powered web application that generates optimized, authentic, and high-quality content for various needs, including business plans. Utilizing the powerful large language model GPT-3.5, Wordkraft AI creates content tailored to specific requirements, helping users develop professional and well-organized business plans.

The platform offers a business plan template that can be used to create a draft by providing essential details about the business. Wordkraft AI's AI capabilities assist users in creating content that aligns with their business objectives and voice, while also supporting collaboration and sharing features. With real-time cloud storage and seamless integration with the Wordkraft platform, Wordkraft AI is a valuable asset for business planning and presentations.

Key features of Wordkraft AI:

• Integration with Wordkraft for database creation, organization, and management
• Business plan template for creating drafts by providing essential business details

Bit AI is an AI-powered platform that offers a comprehensive solution for creating interactive and collaborative business plans. The platform provides powerful wikis and AI writer features that assist in generating well-structured and engaging business plans. With Bit AI, users can create visually appealing and informative business plans that effectively communicate their strategic vision.

The platform enables real-time collaboration, allowing team members to work together seamlessly on business plan documents and incorporate feedback efficiently. Bit AI also offers fully responsive documents that adapt to different devices, ensuring accessibility and readability across various platforms. Additionally, users can create private business plan documents, ensuring data privacy and security.

Key features of Bit AI:

• Interactive and collaborative business plans for fostering teamwork and creativity
• AI writer features for crafting clear and coherent content
• Real-time collaboration for seamless teamwork and feedback integration
• Fully responsive documents that adapt to different devices
• Private document sharing for data privacy and security

10. Simplified

Simplified is an all-in-one AI-powered platform that offers a comprehensive solution for creating business plans, managing marketing efforts, and crafting engaging content. The platform's AI Business Plan Generator is designed to help entrepreneurs and small business owners create professional, comprehensive, and accurate business plans in just a few clicks.

Simplified's AI capabilities provide accurate growth forecasts and investment strategies, enabling users to make informed decisions about their business's future. The platform also allows for customization, ensuring that the business plan aligns with the user's vision and goals. Additionally, Simplified supports collaboration, enabling team members to work together in creating a comprehensive and accurate plan. With its integrated marketing tools, Simplified offers a one-stop solution for all business planning and marketing needs.

Key features of Simplified:

• Efficient business planning with a professional and comprehensive plan created in just a few clicks
• Accurate growth forecasts and investment strategies provided by AI capabilities
• Customization options to align the business plan with the user's vision and goals
• Collaboration features for working with team members on a comprehensive and accurate plan
• Integrated marketing tools for a cohesive and effective marketing strategy

Creating the Best Business Plans with AI

The rise of AI-powered business plan generators has changed the way entrepreneurs and small business owners approach the crucial task of planning for their ventures' success. By leveraging the top 10 AI business plan generators discussed in this blog post, users can streamline the creation process, ensure professional-quality plans, and access valuable insights and forecasts.

From Upmetrics' user-friendly platform and step-by-step guidance to Simplified's all-in-one solution for business planning and marketing, these AI-powered tools cater to the diverse needs of businesses across various industries. By harnessing the power of AI, entrepreneurs can save time, effort, and resources while creating compelling and persuasive business plans that attract investors and guide their decision-making processes.

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Alex McFarland is an AI journalist and writer exploring the latest developments in artificial intelligence. He has collaborated with numerous AI startups and publications worldwide.

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Get your AI-generated business plan

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

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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

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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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

Professional business plan for 10x less than hiring a consultant

Get your unique, professional business plan, custom-crafted and tailored specifically for your business

Compare and Save

Business plans on Fiverr can cost $90 or more . Our offer at just $9.99 delivers great value, making quality business planning affordable.

One-time payment. No subscription.

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

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Plannit AI - Free AI Business Plan Generator

Plannit AI is a free AI-driven business plan generator. Create a 15-20 page business plan quickly and easily by simply responding to a series of questions about your business. After generating the plan, Plannit AI  provide access to resources and tools to help you realize your vision. Save time and money while still enjoying a professional-grade business plan.

Plannit AI is compatible with the following platforms and devices:

Plannit AI can be integrated with the following third-party platforms and tools:

• Google Analytics
• Google Search Console
• Google Tag Manager
• Google Drive

* For the complete list of available integrations visit Plannit AI website.

Plannit AI offers the following subscription types:

Billing options include the following:

Membership packages:

There are membership packages at Plannit AI.

• API is Available.
• Community Hub is Available.

Plannit AI Review: An In-Depth Overview

What is it .

Plannit AI is an innovative AI-powered business planning platform. It leverages advanced AI algorithms to assist entrepreneurs and businesses in creating, refining, and implementing comprehensive business plans. Plannit AI is designed to simplify the planning process, making it more intuitive, interactive, and efficient.  

How It Works 

The platform uses the GPT API to provide real-time, iterative feedback to users. As users input their business ideas and data, Plannit AI generates suggestions, insights, and guidance tailored to their needs. This dynamic interaction ensures a personalized and highly relevant planning experience. 

After the seven questions are answered, a complete 15-20 page business plan is generated for the user. Plannit AI then uses AI to suggest needed business resources to accomplish the plan.  

Use Cases  

Entrepreneurs and Startups: 

Plannit AI is great for crafting detailed business plans, market analysis, and strategy development. 

Small and Medium Businesses: 

Plannit AI can refine business strategies, explore new market opportunities, and optimize operations. 

Educational Institutions: 

Plannit AI can also be a teaching tool in business and entrepreneurship courses. 

Consulting Firms: 

Plannit AI can augment consulting firms' services with AI-powered insights and analysis. 

Features & Highlights

• Free Business Plan Generator.
• Multi-User Collaboration.
• Curated Business Resources.
• AI Editing Companion.

FAQ: Answers to Your Burning Questions

AI Tool FAQ: Answers to top questions about Plannit AI.

Plannit AI is a dynamic AI-based software crafted to streamline the complex task of drafting comprehensive business plans. It goes beyond mere planning by providing an extensive educational center and various resources to effectively implement your business ideas.

Plannit enables users to swiftly create detailed business plans, typically within a few minutes. However, the time taken can vary based on your business's complexity and the depth of details you wish to include.

No prior experience is needed. Plannit is designed to be user-friendly for both novices and experienced business professionals. It offers customized prompts and AI-powered suggestions to guide you through each step, ensuring thoroughness.

Yes, Plannit features a live editor allowing for ongoing modifications. This ensures your business plan can be updated to reflect the evolving nature of your business vision.

Plannit provides a comprehensive set of tools for realizing your business goals. These include an intuitive questionnaire for initiating your plan, a Live Editor for continuous updates, and features for team collaboration. You can expect to produce a detailed 15-20 page business plan, along with access to a wide range of resources for business development.

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Customer Reviews

App is wonderful to use, if you have any questions please reach out to me!

Helped me put my vision on paper in minutes... actually crazy that this tool is completely free

Plannit does a great job at taking all of my ideas out of my head and allowing me to get a full business plan from it. As an entrepreneur that likes to launch new businesses and create new products, it's good to have a tool that allows me to be able to see my vision on paper before I build the product

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Hello! This is PitchBob’s AI Business Plan Generator💰

🤖 I’ve already helped 35k+ entrepreneurs, so relax; I’m here to create an AI Business Plan for your startup

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Here’s how it works:

After payment, I’ll take on the role of a business analyst from a top consulting firm like McKinsey. I’ll ask you questions about your project / product / business idea to understand and explain it in a business plan properly

You’ll answer my questions in as much detail as possible so that I don’t miss anything.

Then, I’ll create a ready-to-use 20-page business plan that covers all crucial aspects of your goals on business, product, and market development

Better understand your own business idea, got some insights and issues to think about

Prepare your answers to tricky questions about your business or startup

Got an AI-generated business plan that saves you tons of time and money you would spend on business consultants

💰And all of this at the price of few pizzas 🍕 for your startup team — $29,90

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PitchBob AI pitch deck creator. Focus primarily on the structure and content

Revolutionizing the Art of Startups Pitching — The Future of Business Presentation Has Arrived!

Leveraging AI to nail the elusive perfect pitch

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Testimonials

Using an AI business plan generator like PitchBob offers several benefits: ‍ Time-saving: AI technology automates creating a business plan, saving entrepreneurs significant time and effort. It eliminates manual formatting and researching, allowing users to focus on other critical aspects of their venture. ‍ Efficiency: The AI-powered generator analyzes the user's input and applies natural language processing to extract relevant information. It then generates a comprehensive and professional business plan tailored to investors' and stakeholders' specific needs and requirements. ‍ Accuracy: With AI, the generated business plan is based on data-driven insights and industry best practices. This increases the accuracy and credibility of the plan, enhancing its chances of being well-received by potential investors and partners. ‍ Consistency: AI ensures consistency in the structure and format of the business plan. It eliminates human errors and inconsistencies from manually creating or updating the plan, providing a polished and cohesive presentation. ‍ Accessibility: An AI business plan generator makes the process more accessible to a wider range of entrepreneurs, including those without extensive business planning experience. It provides a user-friendly interface and guidance throughout the process, making it easier for individuals to articulate their ideas and showcase their potential. ‍ Overall, leveraging an AI business plan generator streamlines the planning process, improves the plan's quality, and increases entrepreneurs' efficiency and effectiveness in presenting their venture to potential stakeholders.

AI/Chat GPT-4 is capable of generating business plans with a high level of accuracy. The AI/Chat GPT-4 algorithms used in platforms like PitchBob are trained on vast amounts of data, including successful business plans, industry trends, and best practices. This allows the AI to understand a comprehensive business plan's key components and structure. ‍ By leveraging natural language processing and machine learning techniques, AI analyzes the user's input and extracts relevant information to create a customized business plan. It considers the specific industry, target market, competitive landscape, and financial projections. ‍ While AI-generated business plans provide a solid foundation, it's important to note that the user should review and customize them. Entrepreneurs can add their unique insights, adapt the plan to their business model, and incorporate their expertise and vision. ‍ AI-generated business plans offer numerous advantages, including increased efficiency, consistency, and access to data-driven insights. ‍ However, it's crucial to understand that human expertise and judgment are still essential in refining and tailoring the plan to meet the specific needs and goals of the business. ‍ Combining AI's accuracy and human input ensures a comprehensive and well-crafted business plan effectively communicates the venture's value proposition and growth potential.

While AI business plan generators offer many benefits, it's important to be aware of their limitations. Here are a few factors to consider: ‍ Lack of human creativity: AI algorithms excel at analyzing data and generating content based on patterns and predefined rules. However, they may lack the human touch and creative thinking entrepreneurs bring to their business plans. ‍ AI-generated business plans may not capture unique insights, innovative strategies, or nuanced market understanding that human entrepreneurs can provide. ‍ Industry-specific knowledge: AI algorithms rely on data and patterns from various industries but may not have deep domain expertise in niche or specialized markets. Entrepreneurs operating in particular industries or niche markets may need to supplement the AI-generated plan with industry-specific knowledge and insights. ‍ Limitations in data availability: AI algorithms depend on the data they are trained on. If there is limited or outdated data available, it may impact the accuracy and relevance of the generated business plan. Entrepreneurs should provide up-to-date and accurate information to obtain the most reliable results. ‍ Lack of customization: While AI business plan generators can provide a solid foundation, they may not capture each business's unique aspects and individuality. Entrepreneurs should review and customize the plan to align with their goals, market positioning, and competitive advantage. ‍ Risk assessment: AI-generated business plans may not adequately address risk factors or assess potential challenges specific to the entrepreneur's venture. Conducting a thorough risk analysis and considering factors such as market volatility, regulatory compliance, and potential obstacles to success is essential. ‍ Viewing AI-generated business plans as a helpful tool rather than a substitute for human expertise and judgment is important. ‍ Entrepreneurs should use AI-generated plans as a starting point, leveraging their insights, industry knowledge, and market research to create a comprehensive and tailored business plan that reflects their unique vision and goals.

While AI business plan generators offer numerous benefits, knowing the potential risks is important. Here are a few considerations: ‍ Overreliance on automation: Relying solely on an AI business plan generator without human involvement can lead to a lack of critical thinking and strategic decision-making. Entrepreneurs should exercise caution and actively participate in the plan generation process, providing their unique insights and expertise. ‍ Limited context and judgment: AI algorithms analyze data and patterns but may not fully understand the broader context or exercise human judgment. This can generate plans that may not consider industry nuances, market dynamics, or individual circumstances. Entrepreneurs should use the AI-generated plan as a starting point and customize it based on their expertise and market understanding. ‍ Data accuracy and bias: AI algorithms rely on data to generate plans, and if the underlying data is incomplete, outdated, or biased, it can impact the accuracy and reliability of the developed plan. Entrepreneurs should ensure their data is accurate and relevant to their business to obtain more reliable results. ‍ Intellectual property concerns: When using an AI business plan generator, there is a potential risk of exposing sensitive or proprietary information. Entrepreneurs should carefully review the terms and conditions of the platform to ensure the protection of their intellectual property rights. ‍ Security and privacy: As with any technology that involves data processing, there is a need to consider security and privacy measures. Entrepreneurs should choose a reputable AI business plan generator that prioritizes data protection and implements robust security measures. ‍ To mitigate these risks, entrepreneurs should approach AI-generated plans as a tool rather than a definitive solution. ‍ It's essential to exercise critical thinking, validate the generated plan with market research and expert advice, and tailor it to suit their business needs and objectives. By combining AI-generated insights with human expertise, entrepreneurs can maximize the benefits while minimizing potential risks using an AI business plan generator.

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PitchBob, Inc 2261 Market Street #10281 San Francisco, CA 94114

8 Best AI Business Plan Generators

  For entrepreneurs, time is a commodity as precious as capital. Crafting a business plan is a fundamental step for any startup, yet it can be a daunting and time-consuming task. This is where AI Business Plan Generators come into play, offering a modern solution to an age-old challenge. These innovative tools are designed to streamline the process of creating a comprehensive business plan, allowing entrepreneurs to focus on what they do best innovating and growing their business.

The advent of AI Business Plan Generators has revolutionized the way business plans are developed. By leveraging artificial intelligence, these tools can produce detailed, professional plans with a fraction of the effort traditionally required. They are not just time-savers, they are strategic assets that can enhance the quality of business planning, ensuring that entrepreneurs are equipped with well-structured, data-driven plans to guide their ventures to success.

The Need for AI Business Plan Generator

The need for an AI Business Plan Generator stem from the increasing complexity of the business environment and the intense competition that startups face. A well-crafted business plan is the blueprint for a company’s future, outlining strategies, goals, and the path to profitability. However, the process of creating this document can be overwhelming, especially for those without a background in business development. AI Business Plan Generators alleviate this burden by automating the creation of these essential documents, enabling entrepreneurs to produce professional-looking business plans with ease.

Moreover, these AI tools are not just about efficiency, they are about effectiveness. They can analyze market data, track trends, and provide insights that might be missed by the human eye. This level of analysis is crucial for startups to position themselves advantageously in the market. With an AI Business Plan Generator, entrepreneurs can ensure that their business plans are not only quickly produced but also rich in data-driven insights that can inform better decision-making.

How does AI Business Plan Generator work?

AI Business Plan Generators work by employing advanced algorithms and natural language processing to transform user input into a structured business plan. Entrepreneurs start by providing details about their business idea, goals, target market, and financial projections. The AI then processes this information, utilizing vast databases and market analysis to generate a tailored business plan that aligns with industry standards and best practices.

The process is interactive and iterative, with the AI often prompting the user for additional information to refine the plan further. This collaboration between human creativity and AI’s analytical prowess results in a document that is both comprehensive and customized. The final output is a business plan that not only looks professional but is also imbued with strategic insights, making it a powerful tool for attracting investors and guiding the company’s growth.

8 Best AI Business Plan Generator (Free & Paid)

• PitchBob.io
• Easy-Peasy.AI

How to Choose the Best AI Business Plan Generator?

Choosing the best AI Business Plan Generator requires careful consideration of several factors. First and foremost, the complexity of your business and the specific needs of your startup should guide your selection. A good AI Business Plan Generator should offer a balance between user-friendliness and comprehensive features. It should be intuitive enough for those without extensive business planning experience while providing advanced options for more seasoned entrepreneurs.

Another critical factor is customization. The best AI Business Plan Generators allow for a high degree of personalization, ensuring that the final business plan reflects the unique vision and objectives of your startup. Additionally, consider the level of support and resources provided by the tool. Access to customer service, tutorials, and documentation can be invaluable, especially when fine-tuning your business plan.

Lastly, the cost is an important consideration. While some AI Business Plan Generators are free, others come with subscription fees or one-time charges. Evaluate the pricing structures and determine which offers the best value for your budget. Remember, the goal is to find a tool that not only fits your financial constraints but also empowers you to create a business plan that can propel your startup towards success.

AI Business Plan Generator

ProAI is a cutting-edge AI business plan generator that leverages artificial intelligence to provide strategic recommendations for businesses. It is designed to create tailored business plans in a matter of days, offering a data-driven approach to growth and strategy. ProAI’s unique selling point is its ability to provide insights based on its experience advising over 3,600 clients, integrating proprietary data into your plan to identify key opportunities and risks. It assists businesses in evaluating new markets, products, and revenue streams, ensuring they achieve critical milestones to maximize their potential.

What does ProAI do?

ProAI is a tool that helps businesses strategize without guessing. It uses artificial intelligence to generate a tailored business plan, providing strategic recommendations based on insights from its extensive client base. ProAI helps businesses determine key opportunities and risks with proprietary data integrated into their plan, providing guidance based on the company’s objectives and needs. It also assists businesses in evaluating new markets, products, and revenue streams, ensuring they achieve critical milestones to maximize their potential.

ProAI Key Features

Data-Driven Growth : ProAI uses proprietary data to help businesses identify key opportunities and risks, providing a data-driven approach to growth.

Strategic Recommendations : Based on insights from advising over 3,600 clients, ProAI provides strategic recommendations tailored to your business needs.

Evaluation of New Markets : ProAI assists businesses in evaluating new markets, helping them to expand and grow.

Product and Revenue Stream Evaluation : ProAI helps businesses evaluate new products and revenue streams, ensuring they are making the most of their potential.

Tailored Business Plans : ProAI generates a tailored business plan in a matter of days, saving businesses time and effort.

Achievement of Critical Milestones : ProAI ensures businesses achieve critical milestones, helping them to maximize their potential.

ProAI Pricing Plans

ProAI offers three different pricing plans to meet the diverse needs of businesses. Users require to contact ProAI team for pricing information:

Standard Plan : The Standard Plan is designed to get businesses running, providing all the essential features of ProAI.

Premium Plan : The Premium Plan offers more power and confidence, providing additional features for businesses that need a little extra.

Agency Plan : The Agency Plan is designed for business consultants and agencies, offering enhanced features to meet their specific needs.

ProAI accepts debit and credit cards for payments.

2. LivePlan

LivePlan emerges as a beacon for entrepreneurs aiming to navigate the complex terrain of AI business plan generators and execution. With its roots deeply embedded in aiding over a million entrepreneurs to plan, fund, and grow their ventures, LivePlan stands out for its innovative approach towards eliminating the dread of writer’s block through its AI-Powered LivePlan Assistant. This platform is not just about drafting business plans, it’s a comprehensive ecosystem designed to transform your business dreams into achievable realities. By offering a plethora of sample business plans across various industries, LivePlan ensures that entrepreneurs have a clear vision of what their final plan should encompass. Moreover, its unique One-Page Pitch creation tool and simplified process for building financial forecasts demystify the planning process, making it accessible to all. LivePlan doesn’t stop at planning, it advocates for a shift towards growth planning, a testament to its commitment to evolving with entrepreneurial needs and ensuring the success of its users.

What does LivePlan do?

At its core, LivePlan simplifies the daunting task of business planning and financial forecasting for entrepreneurs and small business owners. By providing a user-friendly platform, it assists users in crafting professional business plans that are both lender-ready and investor-friendly. LivePlan’s strength lies in its ability to guide users through each step of the planning process with clear, step-by-step instructions, eliminating guesswork. The platform is equipped with tools for creating detailed financial forecasts, budgeting, and assessing financial performance, all while offering the flexibility of integrating with popular accounting software like QuickBooks and Xero. Its performance dashboard and the LivePlan Assistant further empower users to make informed, data-driven decisions. Whether you’re looking to clarify your business ideas, secure funding, or strategize for growth, LivePlan provides the tools and resources to achieve your business goals efficiently.

LivePlan Key Features

Step-By-Step Instructions : LivePlan breaks down the business planning process into manageable steps, ensuring that even those new to business planning can create comprehensive and professional plans.

Financial Forecasts & Scenarios : The platform offers robust tools for creating detailed financial forecasts, allowing users to explore various financial scenarios and their potential impacts on their business.

Budgeting & Financial Performance : LivePlan simplifies budgeting and tracking financial performance, making it easier for businesses to stay on top of their finances and make adjustments as needed.

Cash Flow Forecasting : With LivePlan, users can forecast their cash flow with ease, ensuring that they have a clear understanding of their financial health and liquidity at any given time.

Performance Dashboard : The dashboard provides a real-time overview of a company’s financial performance, helping users monitor progress towards their goals and make data-driven decisions.

QuickBooks & Xero Integration : LivePlan integrates seamlessly with QuickBooks and Xero, allowing for easy import of financial data and simplifying the financial planning and management process.

LivePlan Pricing Plans

LivePlan offers two main pricing plans to cater to the diverse needs of its users.

Standard Plan : This plan, priced at $20 per month ($15 per month when billed annually), is designed for individuals or businesses in need of a professional business plan. It includes step-by-step instructions, lender-ready financial statements, a full financial forecast, a one-page pitch builder, access to over 550 sample plans, the LivePlan Assistant, and a personal onboarding call. The pricing for this plan is structured to offer flexibility, with options for monthly or annual payments.

Premium Plan : Aimed at businesses seeking to make confident decisions with additional support, the Premium Plan, priced at $30 per month ($20 per month when billed annually), builds on the Standard Plan by offering advanced features such as industry benchmark data and the ability to create multiple financial forecasts. This plan is ideal for businesses looking for deeper insights and more comprehensive planning tools.

LivePlan accepts various payment methods, including debit and credit cards, and PayPal, ensuring convenience for its users.

3. Planpros

Planpros stands out as a sophisticated AI business plan generator designed to simplify the complex process of crafting a business plan. It caters to entrepreneurs and business consultants who seek a streamlined, efficient approach to developing professional business plans. With its user-friendly interface and advanced features, Planpros transforms what was once a time-consuming task into a more manageable and even enjoyable experience. It is praised for its speed and ease of use, making it a top choice for anyone in need of a business plan.

What does Planpros do?

Planpros leverages artificial intelligence to assist users in creating detailed business plans. It understands the critical components that must be included and ensures that each section communicates the necessary information effectively. This AI business plan generator is not just a template-filler, it’s a comprehensive tool that guides users through the planning process, providing insights and expertise that rival traditional methods. Planpros is particularly valuable for its ability to generate full financial projections, a crucial element for entrepreneurs seeking funding.

Planpros Key Features

Ease of Use : Planpros is designed with a focus on user experience, ensuring that even those with minimal business planning experience can navigate and utilize the software effectively.

Comprehensive Financial Projections : The tool includes robust financial projection capabilities, which are essential for securing funding and understanding the financial outlook of the business.

AI-Powered Efficiency : By harnessing the power of AI, Planpros significantly reduces the time and effort required to produce a business plan compared to traditional methods.

Customization : Users can fully customize their business plans, ensuring that the final product is tailored to their specific business needs and goals.

Up-to-Date Plans : The software allows for easy updates, so business plans can remain current and evolve alongside the business.

Free Trial : Potential users can test-drive Planpros without any initial investment, providing an opportunity to assess the software’s capabilities firsthand.

Planpros Pricing Plans

Planpros offers a variety of pricing plans to accommodate different user needs and budgets.

Starter Plan : This plan, priced at $25 per month ($15 per month when billed annually), is ideal for those new to business planning, offering the basic tools needed to create a professional business plan.

Professional Plan : For more advanced users, this plan, priced at $45 per month ($27 per month when billed annually), includes additional features such as more comprehensive customization options and the ability to keep business plans up-to-date with the latest information.

Planpros accepts various payment methods, including debit and credit cards, and PayPal, providing flexibility for users when it comes to purchasing their preferred plan.

Bizplan stands out as a comprehensive AI business plan generator designed to assist startups and small businesses in crafting detailed business plans with ease. It simplifies the complex process of business planning by providing a suite of tools that cater to various aspects of creating a business plan, from financial projections to scenario planning. Bizplan’s integration with platforms like Fundable.com further enhances its value proposition by offering users the ability to raise capital directly through the software. Its cloud-based nature ensures accessibility across devices, making it a versatile choice for entrepreneurs on the go.

What does Bizplan do?

Bizplan serves as a dynamic platform that streamlines the creation of business plans for entrepreneurs and small business owners. It offers a guided step-by-step process that demystifies the intricacies of financial modeling and strategic planning. Users can collaborate in real-time, share documents with stakeholders, and access a wealth of resources including video tutorials and expert advice. Bizplan’s financial tools are designed to be user-friendly, allowing those without a finance background to create professional and accurate financial forecasts, making it an invaluable tool for anyone looking to start or grow a business.

Bizplan Key Features

Financial Modeling Tools : These tools enable users to create detailed revenue and cost forecasts, cash flow projections, and profit/loss statements. They are designed to be intuitive, catering to users who may not have a deep background in finance.

Executive Summary Builder : This feature guides users through crafting a compelling executive summary, which is a critical component of any business plan, designed to capture the attention of potential investors or stakeholders.

Pitch Deck Creator : Bizplan provides users with the tools to create a professional pitch deck, an essential for startups seeking investment.

Document Sharing and Centralized Dashboard : The platform allows for easy sharing of documents and a centralized dashboard for efficient management of the business plan.

Integration with Major Services : Bizplan integrates with services like Office 365, G Suite, QuickBooks, Xero, Stripe, and PayPal, streamlining the planning process by connecting with tools businesses already use.

Access to Expert Advice : With a subscription, users gain access to over 20,000 experts across various fields, which can be invaluable for getting specific questions answered or for general guidance.

Bizplan Pricing Plans

Bizplan offers a range of pricing plans to suit different needs, including Monthly, Annual, and Lifetime Access options.

Monthly Plan : This plan, priced at $29 per month, is designed for those who prefer a short-term commitment, offering full access to Bizplan’s features on a month-to-month basis.

Annual Plan : For users looking for a longer-term solution, the annual plan, priced at $20.75 per month billed annually, provides a discounted rate compared to the monthly plan, billed once a year.

Lifetime Access : The lifetime access plan is a one-time payment option of $349 that gives users unlimited access to Bizplan’s features for the lifetime of the product.

Each plan includes access to Bizplan’s suite of tools, including financial modeling, document sharing, and pitch deck creation. Payment can be made using debit and credit cards, or bank wire transfer.

5. Upmetrics

Upmetrics is a dynamic, AI business plan generator designed to assist entrepreneurs and small business owners in creating effective business plans. It offers a simple, flexible tool that aids in accelerating business growth through strategic planning, forecasting, and collaboration. Upmetrics is designed to convert great business ideas into reality, providing a comprehensive suite of features to plan, fund, and grow your business.

What does Upmetrics do?

Upmetrics serves as a comprehensive business plan builder, offering AI assistance to help users write their business plans with ease. It provides a library of over 400 sample business plans across various industries to help users get started. The platform also offers real-time collaboration features, allowing teams to work together seamlessly. Upmetrics is not just a business plan creator, it also offers financial forecasting tools, a pitch deck creator, and a variety of business models to help businesses strategize and grow.

Upmetrics Key Features

AI Assistance : Upmetrics offers AI assistance to help users write their business plans. It can auto-write, rewrite, shorten, expand, or even change the tone of the business plan, making the process more efficient and less time-consuming.

Business Plan Builder : Upmetrics provides a robust business plan builder that allows users to create comprehensive and professional business plans. It also offers over 400 sample business plans to help users get started.

Financial Forecasting : Upmetrics includes financial forecasting tools that help businesses plan their finances effectively. These tools can aid in creating detailed financial projections and forecasts.

Pitch Deck Creator : Upmetrics features a pitch deck creator that helps businesses create compelling pitch decks to attract investors and stakeholders.

Business Models : Upmetrics provides a variety of business models that businesses can use to strategize and plan their growth.

Collaboration Tools : Upmetrics offers real-time collaboration tools that allow teams to work together seamlessly on their business plans.

Upmetrics Pricing Plans

Upmetrics offers two main pricing plans: the Starter Plan and the Premium Plan.

Starter Plan : The Starter Plan is priced at $7 per month when billed annually. It is designed for individuals or small teams who are just starting their business planning journey.

Premium Plan : The Premium Plan is priced at $14 per month when billed annually. This plan is designed for larger teams or businesses that require more advanced features and capabilities.

Upmetrics accepts payments through debit and credit cards.

Enloop stands out as a dynamic and user-friendly online AI business plan generator designed to simplify the complex process of business plan creation. It offers a suite of tools that cater to both novices and seasoned entrepreneurs, aiming to transform the daunting task of business plan writing into a more manageable and efficient experience. Enloop’s system is engineered to guide users through each step, ensuring that the final product is not only comprehensive but also tailored to meet the expectations of potential investors and financial institutions.

What does Enloop do?

Enloop serves as an automated business plan generator that leverages artificial intelligence to craft personalized business plans. The platform’s core functionality revolves around its ability to generate customized text, which users can then edit to suit their specific business needs. Enloop’s sophisticated algorithms also integrate financial data into the text, providing real-time updates and ensuring consistency across the document. This seamless synchronization between textual and financial elements is designed to produce a cohesive and professional business plan that can withstand the scrutiny of stakeholders and lenders.

Enloop Key Features

Automated Text Writing : Enloop’s automated text writing feature generates customized content that users can modify. This tool is particularly beneficial for those who may not be adept at articulating business concepts, as it provides a solid foundation upon which they can build and refine their business plan.

Financial Ratios Analyzed : The platform offers analysis of 16 critical financial ratios, comparing forecasted performance with industry peers. This insight is invaluable for understanding a business’s financial health and positioning in the market.

Real-Time Performance Score : Users receive a real-time performance score that reflects the strength of their business plan. This scoring system motivates users to improve their plans and, by extension, their potential business outcomes.

Automatically Generated Financial Reports : Enloop not only generates financial forecast reports but also explains them, making complex financial data accessible and understandable for entrepreneurs.

Pass/Fail Report and Certificate : The platform provides immediate feedback on critical issues through its pass/fail report, allowing users to make necessary adjustments before these issues manifest in the real world.

Country Currency Formatting : With over 100 currency symbols and number formatting options, Enloop caters to a global user base, ensuring that financial data is presented in a format that is familiar and relevant to the user’s location.

Enloop Pricing Plans

Enloop offers a variety of pricing plans to accommodate the diverse needs of its users.

7-Day Plan : This plan is designed for those who wish to test the waters before committing to a longer-term option. It includes basic features such as automated text writing and financial forecasting.

Detailed Plan : Aimed at users requiring more in-depth analysis, this plan, priced at $19.95 per month ($11 per month when billed annually), offers additional financial details and the ability to analyze more ratios, providing a more comprehensive understanding of the business’s financial prospects.

Performance Plan : For the most ambitious users, the Performance Plan, priced at $39.95 per month ($24 per month when billed annually), includes all the features of the Detailed Plan, along with enhanced collaboration tools and advanced performance scoring to help finetune the business plan to perfection.

Enloop accepts various payment methods, including debit and credit cards.

7. PitchBob.io

PitchBob.io emerges as a sophisticated platform designed to streamline the process of business plan creation for startups and entrepreneurs. At its core, PitchBob.io harnesses the power of artificial intelligence to distill complex business ideas into polished, investor-ready business plans. This service acts as a virtual business analyst, engaging users in a detailed dialogue to extract the essence of their business concept, which it then meticulously crafts into a comprehensive 20-page document. The platform prides itself on its ability to save users time and resources typically spent on consulting services, offering a cost-effective solution that equates to the price of a few team pizzas.

What does PitchBob.io do?

PitchBob.io serves as an AI-driven co-pilot for startups and entrepreneurs, providing a suite of tools to enhance and evaluate business ideas. The platform’s capabilities extend beyond business plan generation to include the creation of pitch decks, investor letters, and startup one-pagers. PitchBob.io leverages a decade of human experience in startup deck creation to help users articulate their business ideas with clarity and precision. With its web-based accessibility, PitchBob.io enables users to create and edit their pitch materials from any device, ensuring that their presentations are persuasive and tailored to the expectations of potential investors.

PitchBob.io Key Features

Idea Formulation : PitchBob.io guides users through a series of targeted questions, aiding in the structuring and articulation of their business concepts.

Instant Deck Creation : The platform boasts the ability to generate professional pitch decks swiftly, translating user inputs into a structured template ready for immediate use.

Idea Improvement : PitchBob.io offers advice and suggestions for each response, teaching users how to refine their ideas for maximum impact.

VC-Style Coaching : Users receive coaching akin to venture capitalist questioning, preparing them for real-world investor interactions.

Deck Evaluation and Feedback : The service includes a critical analysis of pitch decks, providing constructive feedback to enhance content and presentation quality.

Export Options : PitchBob.io allows users to export their pitch decks in various formats, including PDF, PowerPoint, and Keynote, facilitating easy sharing with investors.

PitchBob.io Pricing Plans

PitchBob.io offers three distinct pricing plans to cater to a range of needs and budgets.

Basic Plan : This plan, priced at $19.90 per month, optimizes user responses for presentation templates using AI, suitable for those seeking a straightforward enhancement of their pitch materials.

Advanced Plan : Building on the Basic Plan, the Advanced Plan includes AI recommendations and advice to further refine presentation content and priced at $39.90 per month.

Pro Plan : The Pro Plan, priced at $59.90 per month, offers the most comprehensive support, with alternative versions of answers and in-depth content enhancement for a polished final product.

PitchBob.io accepts various payment methods, including debit and credit cards, PayPal, and bank wire transfers, providing flexibility for users to choose their preferred payment option.

8. Easy-Peasy.AI

Easy-Peasy.AI is a versatile AI content generator designed to streamline the process of creating business plans and other types of content. It leverages advanced AI technology to provide a user-friendly platform that caters to startups, small businesses, and even individual content creators. The platform is designed to help users create high-quality content efficiently, saving them time and effort.

What does Easy-Peasy.AI do?

Easy-Peasy.AI is a comprehensive AI content tool that assists with a variety of writing tasks. From generating business plans, creating resumes, composing emails, to crafting social media content, Easy-Peasy.AI is equipped to handle it all. It offers over 170 templates, making it a versatile tool for different content creation needs. The platform also provides solutions for generating product descriptions, podcast titles, and even personalized love letters for special occasions. It’s not just a content generator, but a tool designed to enhance creativity and efficiency.

Easy-Peasy.AI Key Features

User-Friendly Interface : Easy-Peasy.AI boasts a simple and intuitive interface that allows users to create long-form content and generate custom text for their needs.

Variety of Templates : With over 170 templates, users can create almost any content, from business plans to social media posts.

AI Chat Companion : Easy-Peasy.AI features a friendly AI buddy named Marky that users can interact with in natural language to get the answers they need.

Language Support : With support for over 35 languages, Easy-Peasy.AI ensures that users can reach a global audience without language barriers.

Audio Transcription : Transcribe audio effortlessly with Easy-Peasy.AI’s advanced transcription features.

Environmental Commitment : Easy-Peasy.AI contributes 1% of purchases to remove CO₂ from the atmosphere, showcasing a commitment to environmental responsibility.

Easy-Peasy.AI Pricing Plans

Easy-Peasy.AI offers a range of pricing plans to suit different needs. Here are the available plans:

Free Plan : This plan offers basic features with limited usage.

Basic Plan : Priced at $4.99/month, this plan offers expanded features.

Unlimited Plans : Starting at $9.99/month, these plans offer unlimited usage and access to all features.

Easy-Peasy.AI accepts debit and credit cards, PayPal, and bank wire transfer for payments.

FAQs on AI Business Plan Generator

What is an ai business plan generator.

An AI Business Plan Generator is a sophisticated software tool that leverages artificial intelligence to assist entrepreneurs in creating detailed, data-driven business plans. By inputting basic information about their business idea, users can receive a comprehensive plan that includes market analysis, financial projections, and strategic insights, all tailored to their specific needs.

Who can benefit from using an AI Business Plan Generator?

Virtually anyone planning to start a business can benefit from using an AI Business Plan Generator. This includes first-time entrepreneurs, seasoned business owners looking to venture into new markets, and even students or professionals working on business-related projects or coursework.

How accurate are the business plans generated by AI?

The accuracy of a business plan generated by AI largely depends on the quality of the input provided by the user and the sophistication of the AI’s algorithms. Most advanced generators are designed to produce highly accurate and relevant plans by analyzing vast amounts of market data and trends.

Can AI Business Plan Generators replace human consultants?

While AI Business Plan Generators can significantly streamline the process of creating a business plan, they may not entirely replace the need for human consultants, especially for complex or highly specialized businesses. Human consultants can offer insights, creativity, and expertise that are currently beyond the scope of AI.

Are there any free AI Business Plan Generators available?

Yes, there are several free AI Business Plan Generators available online. However, the features and capabilities of free versions may be limited compared to paid subscriptions, which offer more advanced functionalities and customization options.

How do AI Business Plan Generators handle financial projections?

AI Business Plan Generators handle financial projections by using algorithms to analyze market data, historical financials, and industry benchmarks. Users typically need to input basic financial information, and the AI then extrapolates this data to create detailed projections.

Can I customize the business plan generated by AI?

Yes, most AI Business Plan Generators allow for a degree of customization. Users can often edit sections, add personal insights, and adjust financial projections to better reflect their vision and strategy.

How long does it take to generate a business plan with AI?

The time it takes to generate a business plan with AI can vary from a few minutes to several hours, depending on the complexity of the business and the level of detail required. Generally, the process is significantly faster than creating a plan manually.

Is my data safe when using an AI Business Plan Generator?

Reputable AI Business Plan Generators implement robust security measures to protect user data. However, it’s essential to review the privacy policy and security practices of the tool before inputting sensitive information.

How often should I update my AI-generated business plan?

It’s advisable to update your business plan regularly, at least once a year or whenever significant changes occur in your business or the market. AI Business Plan Generators can facilitate this process by making it easier to adjust and regenerate plans as needed.

Embarking on the journey of entrepreneurship requires a solid foundation, and a well-crafted business plan is a cornerstone of that foundation. AI Business Plan Generators represent a leap forward in how entrepreneurs approach this critical task, combining the efficiency of technology with the depth of strategic planning. These tools not only save time but also enhance the quality of business plans by incorporating data-driven insights and market analysis.

As the business landscape continues to evolve, the integration of AI into the planning process will become increasingly important. Entrepreneurs who leverage these tools effectively will find themselves better equipped to navigate the complexities of starting and growing a business. In the end, the goal of any business plan is to pave the way for success, and AI Business Plan Generators are becoming an indispensable ally in achieving that goal.

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A Better Way to Write Business Plans

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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?

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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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.

More Related Articles

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.

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.

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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

38 Best AI Tools for Business in 2024

Easily scale your video production in 120+ languages.

If you haven't paid much attention to the best AI tools for business, 2024 is the year to change your mind. With over 15 billion Google search results for artificial intelligence and nearly 70K AI companies worldwide, the AI market keeps expanding and raises interest anywhere, especially in business.

In this blog post, we will focus on the best AI tools for business, apps, and AI software you need to have on your radar in 2024 and beyond.

Read on to find out how you can work smarter and get better results with less effort in almost any aspect of your business.

Best AI tools for business overall

All businesses produce content, and all employees attend meetings. That's why the best AI for business will help in these areas — content generation, especially video, and meeting transcriptions. So, if you’re going to use a minimum of AI tools, pick something from the options below.

1. Synthesia for video creation

The video maker Synthesia uses generative AI to turn any text into studio-quality video in minutes. This text-to-video tool runs in your web browser. It gives you easy access to professionally designed templates, diverse AI avatars (digital doubles of real actors), and voiceovers in 130+ languages and accents. Here’s how it works:

Synthesia’s coolest features that streamline the content creation process include script writing, the option to create your custom avatar , one-click automatic translations , and collaboration with your teams in workspaces. The #1 AI video generation platform provides excellent results for many big names:

• BSH video trains over 60K employees with 70% more efficiency.
• Zoom accelerated video production by 90% with $1,500 cost savings/employee.
• Electrolux creates videos for 15K customers and employees in 30+ languages.

You can use Synthesia to create sales enablement and training videos , product demos, internal communication videos, etc. Here’s an AI video example it produced: 

2. Chat GPT for content creation

OpenAI's advanced AI model, ChatGPT 4 , uses natural language processing to understand your inquiries and give logical human-like answers. This powerful AI tool works in a web browser. You chat with it, giving details on what kind of content you need, and it generates quick and accurate responses in text format.

Use ChatGPT to write code, full blog articles, or answers to specific customer inquiries. It can also craft content generation templates for you and excels at repetitive tasks, especially those involving text-based activities.

If you like what this NLP chatbot can do, Gemini and Claude are two other options you might want to test.

3. Otter for meeting transcription

With its AI Meeting Assistant, Otter.ai can do real-time transcriptions, record audio, extract action items, capture slides, and more. Log into your account in the browser and choose if you want to start a live session or upload a pre-recorded meeting. Otter will automatically transcribe it and give you editing options.

Best AI tools for business marketing

95% of companies that adopt AI are highly likely to develop more effective marketing strategies. Check the AI-powered tools below to scale and personalize your video, audio and written content.

4. Lumen5 for marketing videos

The AI platform Lumen5 generates engaging branded videos for marketing tailored to your target audience. A simple drag-and-drop interface makes it intuitive even for less tech-savvy users. Create a free account, choose your goal, and decide if you create from scratch or with a pre-defined option.

5. Taplio for LinkedIn profile optimization and lead generation

Powered by ChatGPT 4, Taplio excels at generating LinkedIn post ideas. In addition to AI content, it features advanced scheduling, automation, lead generation, and CRM features. Use Taplio’s AI to expand your network, enhance your LinkedIn visibility, and drive business growth.

6. OwlyWriter AI by Hootsuite for posting on social media

Hootsuite’s OwlyWriter AI simplifies social media management and saves hours of work with instant caption generation and content ideas across all networks. If you’re already handling your social media posts with Hootsuite, try Owly for free within your dashboard. You'll see what it's like to create content in minutes for the entire week.

7. Writesonic for content creation, SEO, and AI Chatbots

Trusted by millions of users, Writesonic keeps your content fresh, your SEO strategy on track, and your customer interactions smooth. Use this AI-powered tool to generate fact-checked, SEO-optimized content and customize AI chatbots. Writesonic offers 80+ ready-to-use prompt templates written by experts and a ChatGPT alternative, Chatsonic.

8. Designs.ai for designing logos, banners, mockups

Designs.ai is an AI-powered Agency-as-a-Service platform that does a lot more than generate images. It offers a wide range of tools for creative AI services, including logos, banners, mockups, video, and voiceover production in minutes. While all these features might feel intimidating to explore, this platform creates powerful AI-generated images, simplifies your workflow, and saves you time and money.

9. Soundful for royalty- free music generation

If you’re creating videos, podcasts, or streams and are always on the lookout for royalty-free background music, Soundful will come in handy. This AI tool for business can swiftly create music for you, reproducing a variety of themes and moods. Use the free trial to test it.

10. AdCreative.ai for ad creation

The best AI tool for advertising, AdCreative.ai has some big names in its portfolio — Amazon, LinkedIn, Adidas, Starbucks, etc. For the past two years, it’s been the third fastest-growing product in the world! Use it to generate creatives, texts, headlines, and social posts or to get competitor data insights.

11. Decktopus for slide decks and presentations

Yet another tool with heavy prizes under its belt, Decktopus is rated as the world’s #1 AI presentation generator. The platform features a simple drag-and-drop editor, can do all the research, copywriting, and image generation for you, and at the end, an AI presenter will coach you on how to best deliver the content.

Best AI tools for business strategy & management

Want more speed and confidence in analyzing data, predicting relevant trends, and optimizing business decisions? AI can help you scour heaps of data, spot details that humans might easily overlook, and even craft sophisticated strategies for you. Below are some top AI tools for business that will get you started.

12. Crunchbase Pro for business intelligence research

As an online database, Crunchbase lists companies, startups, investors, and funding activities worldwide. You must be a Pro user to access its AI insights from validated data sources. But it will help you run a deeper data analysis and make more accurate business predictions for a solid business strategy.

13. Explorium.ai for go-to-market data

Explorium offers a powerful solution for sales and marketing teams looking to improve their go-to-market strategies with AI. Its proprietary technology, ExplorAI, uses generative AI to analyze historical data and create custom data signals. This tool will help you spot ideal customers faster, rank leads, and uncover hidden market trends.

14. Monday AI for task & project management

Powered by Azure OpenAI, Monday.com is a versatile, browser-based platform that enhances business operations through AI-driven automation and content creation. It will significantly enhance your task and project management, boosting team productivity. Try Monday for breaking down project ideas into actionable tasks and even writing emails or other content forms.

15. Fireflies.ai for meeting assistance

The advanced AI meeting assistant by Fireflies.ai transcribes voice conversations, analyzes content, and provides deep insights. AI search allows it to filter through text and extract action items, tasks, and questions with one click. Use this AI tool to review hours of meetings in minutes.

16. Zia by Zoho CRM for business assistance

Zia is an AI-powered assistant designed to automate tasks and enhance lead management. This tool can significantly boost productivity by optimizing business processes. It collects data, writes documents for you, or runs sales analysis. Integrated within Zoho CRM, Zia uses customer data to manage interactions and optimize sale opportunities by analyzing when clients typically answer calls, check emails, or visit websites.

Best AI tools for small business use

Artificial intelligence isn’t just for the big players. 67% of small businesses already use it, and you can use it, too, even at the launching stage. Whether you’re worried about developing a plan, creating a website, or designing the perfect brand visuals, the following popular AI tools will help you.

17. BrandMark for business logo creation

Leveraging AI, BrandMark offers a quick and practical branding solution for your small business. It works in the browser and promises to simplify logo creation, but functionalities also include generating business cards, social media graphics, and other simple designs.

18. Durable AI for website creation  

Durable, the #1 AI website builder and marketing platform, promises to get your business online in 30 seconds. Use it to publish a professional-looking website even if you have zero coding skills. And check out its built-in SEO, marketing tools, and AI assistant for workflows.

19. LivePlan Assistant for business plan creation

Designed to guide you through creating detailed, investor-ready business plans, the LivePlan Assistant will nail your financial forecasting and strategy development. If you have a great business idea, don’t stare at a blank page. Share it with LivePlan Assistant and watch it fill the page.

Best AI tools for business training

91% of employees say they expect personalized and relevant training, which is only easy to produce with AI tools . You’ve already seen the AI video maker Synthesia. It can create micro-videos for soft skills building and dialogue-based learning scenarios like in the video below:

Read on to see what other business AI tools you can use for training.

20. Articulate 360 for interactive training

As the #1 e-learning platform, Articulate 360 is perfect for creating online courses and scaling workplace training. For now, you can upload AI videos into it and make them interactive. But their AI video features will be incrementally released in Articulate Rise throughout 2024.

Here’s an example from an interactive course created with the AI video maker Synthesia and Articulate 360:

You can go through the entire course here .

21. Zavvy for AI learning assistance

Zavvy is a platform that will take you into the future of people development. Their 360 growth system with AI learning assistance has some amazing features. Use it to streamline onboarding, training, and feedback systems. While at it, check out its artificial intelligence options for employee development plans and career paths.

22. EdApp for mobile LMS

This mobile-optimized LMS from EdApp combines the power of microlessons and AI to create courses “for humans, not employees.” It generates lessons at a button click, incorporating the latest learning strategies and trends. Your teams can consume these microlessons on the go, on any device.

23. Quizgecko for quiz generation

Need some cool online quizzes to entertain customers or train employees? The AI question generator Quizgecko is a top choice. Type in text or upload your PPTs, PDFs, or DOCs onto the platform. This tool will work its AI magic to create quizzes, flashcards, and assessments for you.

24. Leapsome for surveys and feedback cycles

Every business needs to run surveys and collect feedback, and Leapsome AI can help with both. It runs AI-powered surveys and has AI capabilities to analyze responses, extract key themes or summaries, and make actionable recommendations. Using it frequently will help you build a rock-solid feedback culture.

25. Pluralsight for AI skill development

To upskill employees with valuable AI skills like prompt engineering or AI strategy development, check out Pluralsight. This online educational platform focuses on tech skills, with a great emphasis on AI. It also uses AI to deliver personalized learning experiences.

Best AI tools for product development

Product development can be as fun and exciting as you make it. If you don’t know where to start, look at the following AI tools. We’ve picked options to help you do market research, design, prototype, testing, and more.

26. Crayon for competitive intelligence and market research

Use Crayon to monitor competitors and give your sales team valuable, real-time intelligence. This competitive intelligence platform uses AI to track competitors and help you win more deals. It sends intel to your inbox, and news summaries scored from high to low importance.

27. Adobe Sensei for design and prototyping

Adobe Sensei is generative AI tech that Adobe integrated across its Experience Cloud product portfolio. Using artificial intelligence and machine learning algorithms, Sensei mines data like a pro and helps you gain valuable insights. This AI software also helps streamline your content workflows across teams and designs customer journeys based on behaviors and engagement preferences.

28. Testim for automated web and mobile testing

The AI-powered automated testing platform Testim runs tests for web and mobile apps. Its AI functionalities dynamically manage and update your tests, so you’ll do less manual test maintenance over time. This tool also analyzes the root cause when testing reveals issues. Its quick diagnosis ensures data-driven decision-making and enables users to swiftly optimize performance.

29. Beatoven.ai for custom music generation

Do you have a multimedia project that requires professional-quality, tailored soundtracks? Beatoven offers excellent AI generation functions for custom music. It integrates deep music theory and production techniques and lets you generate unique, mood-based music for various creative needs.

30. Murf.ai for voice generation

For text that you need to turn into speech, Murf.ai can be the solution. This tool generates realistic voices in 20+ languages. Try it for text-to-speech, voice cloning , AI dubbing, and AI language translation. They even have a Murf API to add high-quality voices to your apps.

31. MonkeyLearn for customer feedback analysis

Through its AI-driven text analytics, MonkeyLearn can quickly compile customer reviews and other data. This no-code platform offers pre-trained classifiers and extractors. You can use its ready-made machine learning models to classify your data as you need, run sentiment analysis, and transform the insights into engaging data visualizations.

32. Optimizely for feature optimization and personalization

Optimizely is the world’s first AI-powered digital experience platform. AI algorithms and AI models facilitate efficient traffic distribution, while machine learning helps it make precise content recommendations. The result is that each user interaction is optimized for customer engagement and conversion. Since it embeds AI across the entire marketing lifecycle, you can also use it to ideate content or accelerate production.

Best AI tools for productivity and efficiency

AI can do a lot of things, but it excels in the most time-consuming tasks that you also dread the most. Check out the following tools to see how you can save hours of work, preserve your sanity, and be more efficient.

33. Merlin.ai to extend AI functionality to Chrome

Want to quickly access AI while browsing the web? Merlin.ai is the perfect extension, powered by Open AI Key, GPT 4, Claude, and Llama 2. Install it from the Google Play Store or Apple App Store and use it to write, summarize, and even code in your browser.

34. Texts for bringing all your messages in one place

Are you overwhelmed by messages you receive on multiple platforms? Use Texts to bring them all into one inbox. This app works on your device and can quickly update you with chat summaries, draft responses with ChatGPT, or translate replies if you’re getting messages in a foreign language. Beeper is its cloud alternative.

35. Rewind.ai as your AI assistant

Rewind brings up all the info that went through your Apple device (a Windows version will be released soon). Once you install and set this app, it will quietly run in the background, capturing your screen and audio. Then, you can ask its AI anything related to the messages you got, things you browsed for, meetings you attended, etc.

36. Grammarly for grammar checking and rewording

Grammarly can be your AI writing assistant and check your texts anywhere you write. You can access it as a browser app or Chrome extension or install it on your device. It learns how to write correctly by analyzing vast amounts of text with machine learning algorithms and deep learning. And it uses natural language processing to understand the context and nuances of your writing and make correction suggestions.

37. Reclaim for AI scheduling and time tracking

This app calendar auto-schedules your tasks, meetings, breaks, and habits. You can start using Reclaim for free as a Google Calendar add-on. Block focus time if you want, or let it schedule your entire day. It will organize your time and track it, providing you with insightful analytics and weekly reports.

38. SaneBox for email inbox management

PCmag.com calls SaneBox “the best thing that has happened to email since its invention.” Tony Robbins himself uses and recommends this service, which cleans your inbox in 5 minutes. SaneBox connects to your existing email accounts through OAuth. You don’t need to download anything; you’ll be able to use it in your email apps from any device.

Best tools from Google with AI features

Over the past decade, Google has invested close to $200 billion in AI. If you’re a fan of Google’s suite of productivity tools, you’ll find a lot of AI features in it, especially with Google Docs, Google Slides, and Google Calendar.

Google Docs uses artificial intelligence to offer features like grammar suggestions, smart compose, and voice typing, whereas Google Slides makes you AI-powered design suggestions. With Google Calendar, you can do smart scheduling and get suggestions for optimal meeting times. Then, there’s Gemini, Google’s AI chatbot and a direct competitor of ChatGPT.

Best free AI tools for business

Most AI tools, including the ones above, offer some form of free access to help you see firsthand how they might help you. Here’s how you can try them out:

Transform your business communication with AI videos

Video wins in every industry and business. Whether you’re using it to promote your company, engage customers, train/retain employees, or send internal coms, a video doesn’t go unnoticed. And because people pay attention to it and learn from it, video content can improve business efficiency.

Thankfully, the tools available in the generative AI market let you create engaging content using nothing but your web browser. That's right, we're talking text-to-video!

Try Synthesia’s free AI video generator (no credit card required) and make your first AI video in the next 5 minutes.

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AI for Small Businesses: Benefits and Tools to Drive Growth

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Rebecca Strehlow, Copywriter at Crunchbase

What does artificial intelligence mean for small businesses? It’s fair not to have an answer quite yet – after all, AI is a rapidly evolving technology that requires ongoing exploration and adaptation. Many of us are still figuring out how to incorporate artificial intelligence into our products, but we can already start leveraging existing AI tools to help our companies in big and small ways. 

Take, for example, an AI-driven project management software that improves collaboration between teams, or a smarter analytics tool that can give you a deeper understanding of your customers. These are all ways we can be leveraging AI right now to work more efficiently and make intelligent, data-driven business decisions. 

Benefits of AI for small businesses

Artificial intelligence has an especially important role to play for small businesses and startups with fewer employees and limited resources. Here’s a quick run-down of its benefits:

• Increased efficiency: By automating repetitive tasks, AI can streamline workflows and bolster employee productivity. For example, AI-powered sales automation can analyze customer data, predict potential leads and automate outreach. This allows sales teams, especially those with limited bandwidth or capacity, to focus less on manual prospecting efforts and more on nurturing high-priority leads.
• Smarter decision-making: AI algorithms provide valuable insights for informed decision-making by analyzing large amounts of data quickly and accurately. An AI-powered analytics tool, for instance, can distill complex data about customers into a clear, actionable overview of purchasing patterns, behaviors and trends.
• Personalized customer experiences: Artificial intelligence isn’t just about making your business smarter and faster; it can also enhance the feeling of personalization for customers. An AI-driven analysis of customer preferences and behaviors can create tailored marketing campaigns, persona-specific product recommendations and personalized outreach messaging.
• Cost savings: By automating tasks and streamlining processes, AI can help small businesses save on operational costs and improve overall financial performance. Examples include AI-driven energy management systems, which analyze energy usage patterns for businesses and suggest optimizations to reduce energy costs.
• Competitive advantage: Small businesses can gain a competitive edge by leveraging AI tools to enhance their products or services. AI-powered market research tools can analyze customer behavior and competitor strategies in real time, offering insight into customer preferences and industry dynamics and ensuring that product decisions line up with market trends.
• Scalability: AI-driven solutions can scale with the growth of a small business, allowing them to handle increasing demands and complexities efficiently. A fintech startup, for example, could use an AI analytics platform to process larger volumes of complex data as it scales its operations.

How to use AI for your business

You can harness these benefits by implementing AI across marketing, sales, recruiting and more. Here’s just a sample of what small businesses can accomplish with artificial intelligence.

1. Prospecting and lead generation

Sales teams can use AI-powered prospecting tools to identify and prioritize high-quality leads. Crunchbase , for instance, surfaces live data about funding rounds and leadership hires, provides automatic notifications for buy signals and trigger events, and shares AI-powered recommendations for new leads. Ultimately, these capabilities help sales teams go after the right prospects, reach out at opportune times and ultimately close more deals.

2. Marketing content creation

AI-powered writing tools such as ChatGPT and Jasper can help you generate marketing content such as blog posts, product descriptions and social media posts. Not only will this save you time, but it will also help you maintain a consistent style and tone. Additionally, these tools can create SEO-friendly content to improve your online visibility as a small business.

3. Recruiting and HR

Another use of AI for small businesses is for resume screening, candidate matching and automated interview scheduling. Tools such as Leena AI streamline the recruitment process, improves hiring efficiency and frees up time for your HR team to focus on the interview process itself. AI algorithms can also analyze the performance of current employees to identify training needs and share suggestions for improving retention.

4. Sales forecasting

Businesses can use AI for sales not only when it comes to prospecting and lead generation, but also for accurate sales forecasting. Artificial intelligence algorithms can generate accurate sales forecasts by analyzing historical sales data, market trends and external factors, aiding in sales planning and resource allocation. This predictive capability allows companies to anticipate demand, optimize inventory levels and allocate resources effectively to meet customer needs. By leveraging AI-powered sales forecasting tools, small businesses can improve decision-making, enhance sales performance and stay ahead of trends, ultimately driving revenue growth and business success.

5. Customer analysis

Small businesses can further use AI to gain actionable insights for targeted marketing campaigns, sales outreach and product improvements. AI algorithms can predict changes in customer preferences and behavior and anticipate user needs so you can adapt your products accordingly. These tools can also help predict customer churn so you can proactively implement retention strategies.

6. Customer support

AI chatbots such as Drift provide immediate responses to inquiries, ensuring that leads receive timely information and 24/7 support. As these chatbots engage with website visitors and prospects, they can ask qualifying questions to understand their needs, interests and pain points. This automated process helps filter out unqualified leads so that sales reps can focus on those with higher potential.

7. Email marketing

As a small business, you can create highly personalized email content using AI marketing tools. This includes product recommendations, tailored offers and relevant content based on customer preferences and engagement history. Platforms such as Outreach can also break down the data to optimize subject lines, send times, list segmentation and targeting. By improving email performance and tracking, automated email platforms can help small businesses continually improve their campaigns and generate better results.

8. Predictive maintenance

When it comes to equipment maintenance, small businesses can transform traditional reactive maintenance practices into proactive, data-driven approaches using AI. Artificial intelligence platforms can monitor equipment performance, detect anomalies and predict maintenance needs, reducing downtime and maintenance costs. They can also optimize maintenance schedules based on usage patterns and equipment condition.

9. Supply chain optimization

Artificial intelligence plays a crucial role in supply chain optimization for small businesses by leveraging advanced algorithms and analytics to improve efficiency, reduce costs and enhance decision-making. AI tools can more accurately forecast demand, streamline inventory management, optimize logistics operations, enhance supplier relationships, predict maintenance needs and more.

10. Data security

Every small business knows how important it is to keep their data safe, and AI-powered cybersecurity solutions can ensure an even higher level of security. These tools can analyze network traffic patterns to detect and prevent unauthorized access attempts. They’re also invaluable for continuous monitoring and incident response, helping businesses protect against data breaches and ensure compliance with data protection regulations. 

11. Market research

Market researchers can more quickly gather industry data, understand key insights, and act on emerging trends using artificial intelligence algorithms. An AI-powered market research platform like Crunchbase provides live company data and offers real-time, automated alerts so that researchers are the first to know about company buy signals and market shifts. This ultimately helps small businesses identify market opportunities and stay ahead of their competitiors. 

12. Project management

Small businesses can use artificial intelligence to facilitate project management. AI-powered project management tools such as Monday.com can automate repetitive tasks such as scheduling and note-taking, assign tasks to team members, allocate resources appropriately and track progress. Overall, this improves project efficiency, collaboration and outcomes.

11 AI tools for small businesses

1. crunchbase.

Best for: Intelligent company insights

Crunchbase is an AI-powered platform that delivers best-in-class company data such as funding information, acquisitions data, company headcount, location and more. Its AI algorithms recommend relevant companies, analyze data to generate growth insights, and automatically notify you of key company events so you can reach out at the right time. Whether you’re doing market research, searching for investors, scouting for prospects, or looking for investment opportunities, Crunchbase provides valuable company insights to help you make informed decisions. Try it out with Crunchbase’s 7-day free trial .

Best for: Conversational AI

One of the best AI tools for small businesses, ChatGPT is an advanced conversational AI platform that excels in natural language processing and understanding. It uses cutting-edge language models and deep learning algorithms to engage in human-like conversations, offering intelligent responses and generating contextually relevant content. Small businesses can integrate ChatGPT into their customer support systems, chatbots or content creation workflows to enhance user experiences, support marketing initiatives and drive engagement. Note that GPT-3.5 is a free AI tool, while GPT-4 is the more advanced paid version.

Best for: Sales enablement

Gong is an AI-driven sales enablement tool that helps sales teams improve their performance. It analyzes sales conversations, emails and meetings to understand customer sentiments, objections and buying signals. Sales reps can then use this information to enhance their pitches and increase their success in closing deals during customer interactions.

4. Monday.com

Best for: Project management

Monday AI is an intelligent project management platform designed to make teamwork more efficient. It automates tasks, improves workflows and offers valuable insights to teams. Its AI and machine learning features include generating content, summarizing discussions and creating actionable task lists. Additionally, the Monday CRM integrates with Crunchbase so that you can enrich your CRM with Crunchbase’s proprietary company data. 

Best for: Content generation

Jasper is an AI software that uses natural language processing to create text that sounds like it’s written by a person. As a small business, you can use it to create engaging website content, write compelling product descriptions, generate social media posts, craft effective marketing emails and automate customer support responses. Additionally, Jasper’s ability to grasp context and language nuances makes it valuable for generating reports, drafting business proposals, and even assisting in content localization for global markets.

Best for: Data visualization and analysis

Tableau AI seamlessly incorporates artificial intelligence-powered features into its data visualization platform, enhancing data analysis and decision-making capabilities. By using AI algorithms for rapid data discovery, trend identification and predictive analytics, Tableau AI empowers users to extract actionable insights from complex datasets and create interactive visualizations.

Best for: Conversational marketing

Drift is an AI solution that employs chatbots and automation to interact with website visitors and engage with prospects and customers. Its chatbots deliver instant customer support, capture leads and guide customers through the sales process, enhancing the customer experience while saving time for marketing and sales teams.

8. Salesforce

Best for: Customer relationship management

Salesforce uses generative AI to streamline tasks and assist sales teams in closing deals. Its AI assistant, Einstein Copilot, can personalize sales emails, extract key insights from sales calls and create tailored action plans for deal closure. Integrating with Crunchbase adds yet another layer of efficiency: you can push Crunchbase’s proprietary company data directly to your Salesforce CRM, no manual data entry required. 

9. Outreach

Best for: Sales engagement

Outreach harnesses AI to equip sales teams with advanced selling capabilities like sentiment analysis, integrated A/B testing of outreach messages and automated speech recognition. This cutting-edge technology processes billions of weekly insights to continuously learn and improve, enabling teams to engage prospects more effectively, track interactions and speed up the sales cycle. Outreach also integrates with Crunchbase so that sales teams can leverage Crunchbase’s best-in-class data and connect with prospects directly within the Crunchbase platform.

Best for: Secure content generation

Created by Anthropic , Claude is a family of foundational AI models that can be used across a business for a variety of purposes. These include performing complex cognitive tasks, transcribing and analyzing static images, generating code, and multilingual content creation. What’s notable about Claude is not only its advanced AI capabilities, but also its focus on safety, security and ethics. It’s trained to recognize toxic prompts, avoid biased responses and share factual information, and it also prioritizes data security and user privacy.

11. HubSpot

Best for: Digital branding

HubSpot AI offers a suite of powerful capabilities, including branding and AI marketing tools for small businesses. These include an automated website creator, an AI-driven content writer and a social media caption generator to help with content marketing and digital branding needs. On top of that, HubSpot integrates with Crunchbase so that you can push Crunchbase data directly to your HubSpot CRM and speed up your prospecting workflow.

For even more ideas on how to start implementing AI in your business strategy and operations, see our full list of AI tools .

Are there downsides of using AI for your business?

AI has so many benefits and use cases for businesses, but some people wonder how to balance these advantages with concerns such as data security and job displacement. 

The key to mitigating these worries lies in responsible AI implementation and continuous monitoring. Businesses can prioritize data security by implementing robust cybersecurity measures and ensuring compliance with data protection regulations.

It’s also important to recognize that AI isn’t meant to replace employees, but is instead intended to support them in their decision-making and day-to-day tasks. By automating repetitive tasks, AI frees up employees to focus on higher-value activities that require creativity, critical thinking and problem-solving skills. As with any new platform or tool, employee training can help them adapt to new AI technologies.

Implementing AI for a small business

From automating mundane tasks to optimizing decision-making processes, AI empowers small businesses to scale efficiently, enhance customer experiences and stay competitive in today’s fast-paced market. By leveraging artificial intelligence for tasks like sales forecasting, lead generation and market research, small businesses can unlock new opportunities, drive growth and achieve sustainable success.

• Originally published May 2, 2024

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How to effectively integrate ai into your business operations.

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Mario Peshev is the CEO of DevriX and Growth Shuttle, an angel investor, and a business advisor with 10,000+ hours of consulting.

The year 2023 was the coming out party for artificial intelligence (AI), and it was a raucous celebration, from the historic popularity of ChatGPT to the enormous investments in AI-related companies .

While its real-world impact is still being determined, one thing is sure: We’ve entered a new era of technological advancement, and these solutions are here to stay.

That’s why businesses are not asking if they should implement AI but how .

According to Cisco’s AI Readiness Index, 97% of respondents indicated an urgency to integrate AI into their company's products and services. Meanwhile, just 14% said they felt fully prepared to make the transition. Consequently, as Fast Company recently reported, “ the vast majority of business leaders lack either the infrastructure, policies, talent, culture or data to do it.”

Put differently, AI has enormous potential to enhance companies' processes, products and services for the better, but its impact is contingent on effective implementation.

Here are three best practices for implementing AI to drive growth, profitability and adaptability.

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The richest person in every state 2024, trump media stock djt at risk of a new short selling plunge, 1. set clear objectives..

AI isn’t a farce, but it’s also not a magic bullet that can be applied to any and every challenge. Rather than applying the technology generally or haphazardly, companies should purposefully harness their capabilities to specific business objectives.

Ask yourself questions like: What problems do you need to solve right now? What organizational goals need to be attained? What metrics need to be improved?

Then, you can identify specific, measurable, achievable, relevant and time-bound (SMART) goals for your AI initiatives.

While AI has countless opportunities to reimagine business processes in the future, its impact today is primarily felt in two places: personalized customer experiences and streamlined operations.

By using AI to analyze data and personalize how they interact with customers, brands can deliver better, more personalized experiences than ever before. At the same time, using AI to make work faster and cheaper by automating simple tasks and improving workflows represents a tangible benefit that’s available right now.

These parameters allow companies to apply AI solutions to specific business challenges or projects where they can make the most tangible positive impact while mitigating risks or potential downsides.

2. Prepare people to use tools effectively (and ethically).

Whether you’ve made AI implementation an intentional strategy or not, many of your employees are already using this technology to help with their day-to-day responsibilities.

One recent survey found that while 43% of professionals say they are using AI tools to perform work tasks, just one-third of respondents said they told their bosses they were using these tools.

In response, the Society of Human Resources Management published the telling headline “AI in Workplace Is Like the Wild West: Untamed.” Meanwhile, an Ernst and Young survey found that employee anxiety about AI-fueled disruption is skyrocketing.

A successful AI implementation plan will account for both, ensuring that people have the skills and parameters to effectively and ethically leverage AI in their day-to-day operations while also upskilling or reskilling existing employees who may see their workflows change as technology continues to evolve.

3. Start with a pilot project.

As AI attracts investor attention and piques executives’ interest, companies have been quick to rebrand as AI companies or promote AI implementation across core business functions. However, AI adoption is a journey, not a destination. You don’t have to get there all at once.

Rather than overselling the technology's impact or rushing to roll out half-baked solutions, start with a pilot project that allows teams to work towards clear objectives in a limited capacity. This might include:

• Personalizing content for a specific customer segment.

• Using a chatbot to enhance customer service capabilities.

• Improving employee productivity with available AI tools.

Everyone benefits from strategic AI implementation.

Companies rushing to roll out their AI-powered solutions have produced a steady stream of embarrassing or alarming mistakes . It’s a reminder that AI is an incredibly powerful tool with the potential to remake our businesses for the better, but its benefits can also escape or elude us.

Intentionality is the key to ensuring we capitalize on the former while mitigating the risks of the latter, making the most of this new, potentially world-changing technology.

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• Elon Musk wants to combine Twitter and Grok, his AI engine, and create a news machine.
• But Grok won't look for "news" — it will look for "things people are saying on Twitter about news."
• There's several problems with this approach! But it may be the future, regardless.

What do you think of when you think of "news?"

I'm both old and in the news business. So when I think of "news," it's usually like something that comes from an organization that specializes in distributing and sometimes sourcing/verifying facts about current events . You know: like a newspaper or a website or TV show/network.

Elon Musk thinks news is something different: It's what people talk about on the service formerly known as Twitter .

And that's the vision he's using to build a news service at X, the company formerly known as Twitter, using Grok , his homegrown AI chatbot.

Musk's idea, he tells journalist Alex Kantrowitz , is that the best way to learn about the news isn't by reading/listening to the news, but by listening to what people say about the news.

Conversation on X will make up the core of Grok's summaries — or, really almost all of it. Musk said Grok will not look directly at article text, and will instead rely solely on social posts. "It's summarizing what people say on X," he said.

And just to make it clear, a Musk employee confirms to Kantrowitz that these are indeed his marching orders: "Igor Babuschkin, a technical staff member working at Musk's xAI, said his team is focused on 'making Grok understand the news purely from what is posted on X.'"

Look. I know that "understanding the news purely from what is posted on the company formerly known as Twitter" is not going to give a lot of us comfort. Definitely not in the Elon Musk era of the company formerly known as Twitter.

But … I kinda like it? In theory?

Let's be clear: Understanding what is happening in the world based solely on what people say on X, or any other social media platform, is Not A Good Idea. But consuming commentary about what people say about what's happening in the world isn't a terrible idea. Maybe even a good one?

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And, more practically: That kind of commentary consumption actually is the way many people learn about what's happening in the world. Even if you're a Serious News Consumer (thank you!), the bulk of the information you're getting likely isn't directly from a primary news source, but from someone who has aggregated or at least repeated what a primary news source says. It's basic economics: It's very expensive to go find news for yourself, and very cheap to talk about things that are in the news, or to package and present news other people have procured. That's why even large, well-funded news outfits — take, for instance, CNN — spend most of their time discussing and debating things we've already heard about, instead of presenting you with new things.

And while there are plenty of use cases where generative AI doesn't do a great job, it does seem quite useful at summarizing existing information, particularly when it's already been typed up. So why not summarize commentary?

The to-be-sures: Yes, you'd be foolish to rely on an Elon Musk-run AI machine for factual information.

Grok, no... pic.twitter.com/WBRPVNTXBB — Katie Notopoulos (@katienotopoulos) April 11, 2024

But to be honest, that caveat applies to any AI machine at the moment. Last week, for instance, I asked Google's AI ( not its much maligned Gemini but the one Google has started inserting into some people's phones whether they want it or not ) a question about World War II and the Tower of London and it confidently gave me an answer about Big Ben instead .

So let's assume that any generative AI answer about anything should be deemed a starting point at best — something that may or may not be right and definitely requires a fact-check before you use it to inform a consequential decision. Just like you should if your source was "thing I read on the internet" or "thing I heard on a podcast."

Which gets to the other problem with Musk's solution, as Kantrowitz points out: Right now, Musk is barely even trying to tell you about the original source of the information he's summarizing.

When I asked Grok to "tell me about Elon Musk's plan to summarize news using grok" it provided me a very cogent summary of Kantrowitz's piece. But to find the source of that summary, I needed to scroll to the bottom of the entry, then all the way to right, past other people's tweets with zero information about Musk's plans, to find Kantrowitz's tweet linking to his original article.

That's a lousy way to give people access to more information. It's also lousy for publishers who are still spending effort — like Kantrowitz — to find new information. It means Musk gets the benefit of their work and they get next to nothing — barely even a link — in return.

Alas, I think that's the way we're headed with AI in general: Despite efforts to negotiate or sue Big AI, most publishers are headed to a world where Big AI engines provide increasingly complete answers to queries and give users little incentive to head to original sources to learn more.

It would certainly be nice if Grok gave Kantrowitz more prominent billing when it provides an answer, and I think it may or may not get around to doing that, depending on Musk's feelings at any given moment .

But any media company that doesn't have a plan, or at least a hope , for dealing with AI news — beyond wishing for a check or a court order — is going to be in trouble regardless.

Watch: 5 ways Elon Musk shook up Twitter as CEO

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