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Blog Business

8 Best Business Plan Software for 2024

By Krystle Wong , Jan 01, 2024

7 Best Business Plan Software

Gone are the days of staring at blank pages and struggling to structure a business plan effectively. With user-friendly interfaces and a wide range of business plan templates catering to various industries, creating business plans that are polished, professional and data-driven can now be done in a fraction of the time.

For startups, business plan software guides them through the crucial early stages with comprehensive business plan templates and financial modeling tools. Established businesses on the other hand benefit from the software’s collaborative features, enabling seamless teamwork as they pivot, innovate and pursue new growth opportunities.

In this article, let’s delve into exploring the seven best business plan software for 2024. Whether you’re an aspiring entrepreneur with a groundbreaking idea or a seasoned business owner ready to elevate your enterprise to new heights, these software solutions have all you need to create a solid business plan.

Click to jump ahead:

What is a business plan software?

  • 7 Best business plan software for 2024

Factors to consider when choosing a business plan software

7 steps to create your own business plan, business plan software faq, key takeaway.

A Business plan software is a specialized digital tool designed to assist entrepreneurs, startups and established businesses in creating, organizing and presenting comprehensive business plans. 

Business plan software significantly reduces the time and effort required to create a comprehensive business plan . The availability of business plan templates, financial modeling tools and automated features streamlines the process of business planning and eliminates the need for starting from scratch.

Some advanced business planning software even integrates market research capabilities. This feature provides users with access to market trends, industry benchmarks and relevant data. Access to such data helps users make informed decisions and demonstrate a thorough understanding of their target market.

8 Best business plan software for 2024 

1. venngage.

Venngage

Venngage specializes in transforming traditional business plans into captivating visual stories. Visuals can communicate complex information effectively, ensuring your ideas stand out and resonate with your audience.

When it comes to business planning, conveying your ideas with impact is just as important as the content itself. In this digital age, visual storytelling has emerged as a powerful way to captivate audiences and leave a lasting impression. That’s where Venngage steps in.

With a rich library of templates, Venngage offers a variety of themes and styles to suit different industries and business types. Customize your business plans with our user-friendly drag-and-drop tools by adding your brand elements, customizing colors, fonts and visuals to make your business plan truly unique. Check out our library of sample business plans to get started today.

However, while Venngage excels in visual storytelling, it might not be the go-to tool for in-depth financial forecasts and analysis. Users seeking extensive financial modeling might want to complement Venngage with a comprehensive business planning tool.

Pricing options:

Create your first 5 designs with Venngage for free and upgrade to a premium or business plan for $10/month per user and $24/month per user respectively to enjoy premium features. For larger teams who need extra support, controls and security, the enterprise plan starts from $499/month for 10+ seats.

Can I collaborate with team members using this business plan software?

Yes, absolutely! Venngage offers collaborative features that allow you to work seamlessly with multiple team members when creating business plans. You can invite team members to join your Venngage account and they can contribute to the design process in real time. 

Can I export my business plan to different file formats?

Upgrade to a premium or business plan on Venngage to export your professional business plan to different file formats. After designing your business plan, you can choose to export it as a high-quality PDF document, which is ideal for sharing and printing. Additionally, Venngage allows you to export your business plan as an image file (PNG or JPG), making it easy to use in presentations or on your website. 

Is this business plan software suitable for startups or established businesses? 

Venngage is great for entrepreneurs and businesses looking to enhance their business plans with visually engaging infographics and visual assets.

Instead of sharing a lengthy, 50-page document that may bore your audience and fail to effectively convey your message — present your business plan with infographics. Here’s how you can create a business plan infographic that will wow your readers and showcase your business at its best. 

2. LivePlan

LivePlan

Source: Screenshot from LivePlan

In the realm of business planning software, LivePlan stands out as a reliable and user-friendly tool. With a focus on seamless financial forecasting and budgeting capabilities, LivePlan streamlines the planning process, helping businesses transform their visions into reality.

The software’s financial forecasting tools provide users with the ability to project revenue, expenses and cash flow accurately. This financial insight is invaluable for making informed decisions and setting realistic goals.

For hassle-free data integration, the business plan software offers seamless integration with accounting software . This feature allows users to import financial data effortlessly, saving time and reducing manual data entry.

While LivePlan excels in financial planning and user-friendliness, some users may find the customization options for design and layout to be limited. For businesses seeking highly tailored visual aesthetics, LivePlan’s template-based approach might be less ideal.

The standard plan is available at $20/month for monthly billing and $15/month for annual billing. For businesses seeking extensive financial tools to support their operations and growth, the Premium plan costs $20 for the first month and $40/month (monthly billing) or $30/month (annual billing) for subsequent months.

LivePlan facilitates seamless collaboration among users within your account, allowing multiple individuals to work on the same plan concurrently. To prevent conflicting edits, LivePlan restricts access to specific sections, allowing only one user to edit at a time while others observe the locked section.

You can export your business plan by using the print to PDF feature. This generates your plan content in a standard file format compatible with Adobe Reader and other free reader programs. Alternatively, you can export your plan to Microsoft Word (2007 or later).

A great tool for small businesses, startups and entrepreneurs looking for easy-to-use software with solid financial planning tools.

3. Upmetrics

best software to write a business plan

Upmetrics is an AI-powered business planning software that helps businesses of all sizes and industries write their business plan.

With Upmetrics AI Assistant, you can write your plan faster, get answers to any business-related queries, and prepare financial forecasts in no time. 

Besides, the subscription includes access to 400+ sample business plans, various informative guides, and video tutorials to keep your business plan writing process on track. 

Additionally, it has collaborative features, so that everyone on the team can share their insights. Not just that, the software provides you with an AI pitch deck generator, so you can make a stellar pitch.

As an AI business plan builder , Upmetrics is suitable for entrepreneurs, startups, and small businesses to write their plans at any stage. Although it has various cover page designs and immense customization options, it might still lack visual appeal. 

Pricing plan options 

  • Starter plan – $7 monthly 
  • Premium plan – $14 monthly 

Yes, you can collaborate with your team members while using Upmetrics. It offers collaboration tools that allow you to work effortlessly with your team on the business plan. You can invite team members to collaborate, assign tasks, and track the progress together. 

You can download your business plan as a PDF or directly as a document in Word. Besides, you can share the business plan directly to any email, and they will get the viewer access to the plan. 

Upmetrics is a versatile business planning software suitable for startups and established businesses. But its financial planning features, step-by-step guidance, and AI Assistant make it more useful for startups writing business plans for the first time.

4. BizPlan by Startups.com

BizPlan by Startups.com

Source: Screenshot from BizPlan

If you’re a startup aiming to raise investments, BizPlan is the one for you. As a universal professional business plan builder, BizPlan offers the added advantage of seamless integration with all the tools within the Startups.com network.

Designed with startups in mind, BizPlan’s step-by-step approach allows you to break down the entire scope of work into manageable steps and the built-in Progress Tracker tool keeps you on track towards success.

Once you subscribe, BizPlan opens the door to utilizing all the tools offered by Startups.com, making it a one-stop shop for your entrepreneurial needs. Whether it’s lifetime access to the service, connectivity to Findable to attract financial investments, a wealth of online educational programs or the ability to connect multiple owners to a single account, BizPlan delivers comprehensive support.

While the business plan software offers an array of benefits, it’s essential to consider the possible downsides. The absence of a free version and a mobile app, along with a lack of industry-specific templates for business plans may be worth considering before making your decision

Pricing plan options:

  • Monthly plan ($29 per month)
  • Annual plan ($20.75 per month or $249/year)
  • Lifetime access (one-time fee of $349)

Bizplan encourages collaboration with partners, team members, advisors and subject matter experts by allowing threaded comments throughout the entire plan. It provides control over who can access sensitive financial data and enables convenient cloud-based access from anywhere.

Bizplan provides multiple options for sharing your business plan with others. You can generate an online version of your plan, which can be set as private by default or made publicly accessible through a unique shareable URL. Additionally, Bizplan offers the option to create a custom-branded PDF of your business plan. 

BizPlan is great for entrepreneurs and small businesses who value a vast collection of resources and need support in financial analysis.

Enloop

Source: Screenshot from Enloop

Enloop emerges as one of the best business plan tools for startups, catering to entrepreneurs who crave a streamlined planning process. With the ability to automatically generate basic text for each section of your plan, Enloop saves time and effort in crafting your business vision.

A highlight of the business plan tool is its automatic generation of financial projections, offering accurate insights based on your entered data. This powerful feature empowers entrepreneurs to make informed decisions and project future outcomes with confidence.

For those with a penchant for strategic thinking, Enloop’s “what-if” scenario analysis becomes an invaluable tool. It allows users to explore various business strategies and assess their potential impact on plan outcomes, enabling sound decision-making.

Enloop doesn’t stop at generating numbers; it goes a step further by providing a business plan grading system. This insightful feature assesses plan quality, giving users valuable feedback to refine and enhance their business plans.

However, it’s essential to consider the software’s limitations as customization and design options are relatively limited. Additionally, the basic version of Enloop might not meet the needs of all users, as it lacks certain advanced features. 

  • Seven day free trial (no credit card required)
  • Detailed plan ($19.95/month or $11/month when billed annually)
  • Performance plan ($39.95/month or $24/month when billed annually)

Enloop’s online business plan writing app lets you invite and collaborate with anyone on your business plans using the ‘Invite & Share’ feature.

Enloop allows you to download your business plan in PDF format whenever you’re ready. The plans remain accessible in your paid account, encouraging regular updates to keep track of your business’s health and have an up-to-date plan ready for financing needs.

Suitable for entrepreneurs seeking a tool that simplifies financial forecasting and scenario analysis.

6. PlanGuru

PlanGuru

Source: Screenshot from PlanGuru

PlanGuru’s standout feature lies in its ability to forecast all three financial statements – income statement, balance sheet and cash flow statement so that users can make data-driven decisions.

Creating detailed analyses becomes a breeze with PlanGuru’s general ledger import utilities, allowing seamless historical data import. The software facilitates budget vs actual reporting and enables building rolling forecasts with just a few clicks each month.

Unlimited budgeting flexibility is another advantage offered by the business plan builder. Users can craft simple high-level small business budgets or delve into intricate multi-department operating budgets with ease.

With scenario analysis capabilities, PlanGuru empowers users to interpret the financial impact of specific events accurately. This feature enables making critical investments and strategic decisions with confidence, knowing thorough due diligence has been performed.

Given its sophisticated features, PlanGuru may be more suitable for financial professionals and analysts looking for in-depth financial analysis and budgeting tools. Users not familiar with financial modeling may face a steeper learning curve when utilizing Enloop’s robust capabilities.

  • Single entity ($99/month or $75/month when billed annually)
  • Multi-department consolidations ($299/month or $225/month when billed annually)

You can add up to 3 users with the multi-department consolidation plan. Additionally, all plans allow you to add on $29/month (billed monthly) or $25/month (billed annually) for each extra user.

What other apps does PlanGuru integrate with?

The cloud-based platform is also accessible as a Windows-based desktop version, giving you the freedom to choose the format that suits you best. Additionally, PlanGuru seamlessly integrates with MS Excel, QuickBooks Online and Xero, providing further flexibility and convenience in using the software.

The cloud-based version is suitable for SMBs or nonprofits budgeting for a single entity while the multi-department consolidations plan is for companies with multiple departments needing consolidated budgets.

7. Business Sorter

Business Sorter

Source: Screenshot from Business Sorter

With Business Sorter’s card sort system, crafting the foundation of your plan becomes a breeze. Featuring 273 cards covering various business situations, the business plan generator offers flexibility, allowing users to customize their plan by adding their cards or modifying existing ones, tailoring the plan to their specific needs.

The platform also provides the convenience of viewing your plan on any device, including smartphones, which not many business plan apps have. Additionally, guidance is at hand with Business Sorter as the software provides valuable tips and advice for every key step, empowering users to implement their business strategy with confidence.

While Business Sorter excels in its interactive features, it may not offer as extensive financial analysis tools as other business plan software. For businesses requiring advanced financial modeling capabilities, Business Sorter might not fully meet their requirements.

  • For small teams with up to 3 users ($10/month or $80/year)
  • For medium teams with up to 10 users ($30/month or $240/year)
  • For large teams with up to 30 users ($80/month or $640/year)
  • For enterprises with unlimited users (custom pricing)

Your business plan can be edited by only one user at a time. When a user opens a plan, it automatically locks to prevent any data loss and remains locked until the user finishes their work and exits the plan.

You can print each business plan directly from the plan summaries on your dashboard. 

Suitable for both entrepreneurs and businesses looking for an interactive and visually appealing planning approach.

9. AchieveIt

AchieveIt

Source: Screenshot from AchieveIt

AchieveIt stands as a versatile software for business plans, designed to simplify the planning process for businesses of all sizes and planning methods. With AchieveIt, you can easily build plans, ensuring alignment and engagement among your employees and optimizing plans for seamless execution.

Regardless of your preferred planning method, AchieveIt empowers you to construct plans effortlessly, providing a flexible solution for any planning use case. The software ensures your plans are well-aligned with your organization’s objectives, engaging all team members for successful plan execution.

The business plan tool provides robust tracking and reporting features, allowing businesses to monitor the progress of their plans and measure performance against set goals. Users can create customized dashboards to visualize key performance metrics, making it easier to identify trends and insights.

That said, In comparison to most business plan software, AchieveIt’s pricing might be relatively higher with its extensive features. On top of that, for users new to strategic planning software, AchieveIt may present a learning curve during the initial adoption phase.

The business plan software packages for AchieveIt varies based on factors like organization size, required functionality and the number of users. AchieveIt being an enterprise-level software offers custom pricing to cater to the specific needs of each business. For accurate pricing details, it’s best to contact their sales or customer support team.

AchieveIt allows team members, stakeholders and advisors to have shared access to the platform, providing them with visibility into the latest updates and progress on the plans. Users can assign tasks to team members and track their progress within the platform. 

Can AchieveIt integrate with existing systems?

AchieveIt’s Data Integration API lets you import key metric data from existing systems, saving time and reducing errors by eliminating the need for data entry in multiple places.

AchieveIt is best suited for medium to large-sized businesses and organizations that require a comprehensive and collaborative strategic planning platform. It caters to teams and enterprises seeking to improve their planning processes, track performance and drive organizational alignment to achieve business objectives effectively.

No idea what your business plan should look like? Check out these business plan examples for inspiration. 

best software to write a business plan

When searching for the best business planning software, you may be wondering — what features should I look for in business plan software? You want to make sure it meets your specific requirements and streamlines the planning process effectively. Here are the top six factors to consider:

Ease of use

The software should have a user-friendly interface that simplifies the process of creating a business plan. Look for intuitive navigation, clear instruction and a layout that makes it easy to input and organize your information.

Features and business plan templates

Check the range of features and business plan templates the software offers. Look for a diverse selection of business plan templates catering to various industries and business types. The software should provide essential sections like executive summaries, market analysis, financial projections and more.

best software to write a business plan

Financial modeling tools

Your business plan software should allow you to input financial data and generate accurate and comprehensive financial projections. These business plan creation tools are vital for assessing the financial viability of your business.

Collaboration and sharing

If you’ll be working with a team or seeking feedback from others, consider software that enables real-time collaboration and easy sharing. The ability to work together seamlessly can enhance productivity and improve the quality of your business plan.

Built for fast-moving teams that need to be on the same page, Venngage’s real-time collaboration enables you to polish your design with your team in real time, leave comments on each other’s work,and save your designs in one shared folder. With your  Venngage Business  account, you can easily invite and manage your team members to collaborate on a design, all in real time.

Security and data protection

Since a business plan contains sensitive information, prioritize software that prioritizes security. Ensure that the software uses encryption and data protection measures to keep your data safe from unauthorized access.

Exporting and sharing options

Check the software’s export options. You’ll likely want to share your business plan with others, so ensure it can be exported in popular formats like PDF or PowerPoint.

Are you an entrepreneur starting a new business or expanding your existing business? This guide on how to create a small business plan might come in handy for you. 

best software to write a business plan

Creating business plans can be a crucial step in setting your entrepreneurial vision on the right track. To help you through the process, here are 7 steps to guide you in crafting a comprehensive business plan:

Step 1: Executive summary

Start with an attention-grabbing executive summary. This section provides an overview of your business. In your executive summary, make sure to highlight your mission, goals, products or services, target market and the unique value you offer. Keep it concise, yet compelling.

best software to write a business plan

Step 2: Company description

Give a detailed description of your company. Explain your business’s history, its legal structure (e.g. sole proprietorship, LLC, corporation) and the reasons why your business will succeed in the market.

best software to write a business plan

Step 3: Market analysis

Conduct thorough market research to understand your industry, target market and competition. Identify your ideal customers, their needs and preferences. Analyze your competitors and highlight your competitive advantages.

Step 4: Products and Services

Describe your products or services in depth. Explain their features, benefits and how they meet the needs of your target customers. Emphasize what sets your offerings apart from the competition.

best software to write a business plan

Step 5: Marketing and sales strategy

Outline your marketing and sales strategies to reach your target audience. Explain your promotional activities, pricing strategies, distribution channels and sales tactics. Detail how you plan to acquire and retain customers.

Step 6: Financial projections

Project your financial performance over the next three to five years. Include estimated revenue, expenses and cash flow. Detail your startup costs and funding requirements if applicable. Be realistic and supported by market research.

Step 7: Implementation plan

Create a detailed roadmap for executing your business plan. Set specific goals and milestones. Break down tasks and assign responsibilities. Include timelines and a plan for measuring progress.

best software to write a business plan

A great tip here is to start with a well-structured outline. This guide on how to create a business plan outline will help you in creating your blueprint to easily identify your business’ resource needs, including finances, personnel and equipment. 

Is my business data safe with business plan software?

Most reputable business plan software providers prioritize data security and employ encryption and other measures to keep your business data safe from unauthorized access.

What are the benefits of using business planning tools?

Business planning tools offer time efficiency, professional presentation, error reduction, collaborative features and accessibility, making it easier to create a comprehensive business plan that impresses investors and stakeholders.

Do I need any specific skills or expertise to use business plan software?

No, many business plan software solutions are designed to be user-friendly, requiring no specific skills or expertise. They often come with templates and step-by-step guidance to assist you through the planning process.

In the dynamic landscape of 2024, businesses are on the lookout for innovative tools to stay ahead of the curve and drive their growth. These 7 business plan software picks for 2024 offer a wide range of features, from user-friendly interfaces and real-time collaboration to sophisticated financial analysis tools and customizable dashboards.

Whether you’re looking for user-friendly platform business planning tools that aligns with your business planning processes or a business plan writing software that allows you to tailor the business plan according to your industry, goals and unique requirements — I’m quite certain I’ve got them all covered. 

The value of these business plan software options lies not only in their efficiency but also in their ability to save time and reduce errors. By integrating with existing systems through Data Integration APIs, users can seamlessly import key metric data, eliminating redundant data entry and streamlining the process.

If you’re still unsure about which is the right business plan software for your business, you can always take advantage of free trials or video tutorials and demos offered by software providers. Testing the platform firsthand will give you a practical understanding of its usability and suitability for your business.

Home > Business > Business Startup

  • 5 Best Business Plan Software and Tools in 2023 for Your Small Business

4.5 out of 5 stars

Data as of 3 /13/23 . Offers and availability may vary by location and are subject to change.

Chloe Goodshore

We are committed to sharing unbiased reviews. Some of the links on our site are from our partners who compensate us. Read our editorial guidelines and advertising disclosure .

A business plan can do a lot for your business. It can help you secure investors or other funding. It can give your company direction. It can keep your finances healthy. But, if we’re being honest, it can also be a pain to write.

Luckily, you don’t have to start from scratch or go it alone. Business plan software and services can help you craft a professional business plan, like our top choice LivePlan , which provides templates, guidance, and more.

You’ve got quite a few choices for business plan help, so we’re here to help you narrow things down. Let’s talk about the best business plan tools out there.

  • LivePlan : Best overall
  • BizPlanBuilder : Most user-friendly
  • Wise Business Plans : Best professional service
  • Business Sorter : Best for internal plans
  • GoSmallBiz.com : Most extra features
  • Honorable mentions

Business plan software 101

The takeaway, business plan software faq, compare the best business plan software.

best software to write a business plan

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LivePlan: Best overall business plan software

Data as of 3 /13/23 . Offers and availability may vary by location and are subject to change. *With annual billing

LivePlan has been our favorite business plan software for a while now, despite the stiff competition.

There’s a lot to like about LivePlan. It has pretty much all the features you could want from your business plan software. LivePlan gives you step-by-step instructions for writing your plan, helps you create financial reports, lets you compare your business’s actual financials to your plan’s goals, and much more. And if you ever need inspiration, it includes hundreds of sample business plans that can guide your writing.

LivePlan software pricing

But the best part? You get all that (and more) at a very competitive price. (You can choose from annual, six-month, or monthly billing.) While LivePlan isn’t quite the cheapest business plan builder out there, it’s not too far off either. And if comes with a 60-day money back guarantee. So there’s no risk in trying LivePlan out for yourself.

With a great balance of features and cost, LivePlan offers the best business plan solution for most businesses.

BizPlanBuilder: Most user-friendly

Need something easy to use? BizPlanBuilder fits the bill.

BizPlanBuilder doesn’t have a flashy, modern user interface―but it does have a very clear, intuitive one. You’ll be able to see your plan’s overall structure at a glance, so you can quickly navigate from your title page to your market trend section to that paragraph on your core values. And as you write, you’ll use a text editor that looks a whole lot like the word processing programs you’re already familiar with.

BizPlanBuilder software pricing

Data effective 3/13/23. At publishing time, amounts, rates, and requirements are current but are subject to change. Offers may not be available in all areas.

BizPlanBuilder also offers lots of helpful guidance for actually writing your plan. It gives you pre-written text, in which you just have to fill in relevant details. It offers explanations for what information you need to include in each section of your plan and way. It even gives you helpful tips from experts, so you’ll have all the information you need to plan like a pro.

So if you want planning software with almost no learning curve, you’ll like BizPlanBuilder.

Wise Business Plans: Best professional service

  • Custom quote

Unlike all the other companies on this list, Wise Business Plans doesn’t offer software. Instead, it offers professional business plan writing services―meaning someone does all the hard work for you.

Now, you might think that sounds expensive―and you’re probably right (you have to request a custom quote for your plan). But there’s a lot to be said for expertise, and Wise Business Plans has plenty of that. Your business plan will get written by an experienced writer (with an MBA, no less). They’ll get information from you, do their own research, and then write your plan. You get one free revision, and you can always pay for more.  

Wise Business Plans service pricing

Your end result will be a polished, entirely original business plan. (You can even get printed copies.) And best of all, you won’t have to spend your precious time working on the plan yourself. Wise Business Plans takes care of all the hard parts, and makes your business look good while doing it. Sounds like a service worth paying for, right?

Put simply, if you want the most professional business plan possible, we recommend using Wise Business Plans’s writing service.

Business Sorter: Best for internal plans

Many businesses need plans to show to people outside the company (to get financing, for example). But what if you just need a plan for internal use? In that case, we suggest Business Sorter.

Business Sorter uses a unique card-based method to help you craft the perfect business plan. (You can watch a demo video to see how it works.) You’ll plan some of the usual things, like finances and marketing. But Business Sorter also lets you make plans for specific teams and team members. It also emphasizes more internal matters, like operations, that might get overlooked in a business plan for outsiders.

Business Sorter software pricing

After you’ve made your business plan, Business Sorter also helps you stay accountable to it. You can create tasks, give them deadlines, and assign them to team members―giving you basic project management tools to make sure your business plans become business actions. (Oh, and did we mention that Business Sorter has the lowest starting prices of any software on this list?)

It all adds up to a business plan software that works great for internal planning.

GoSmallBiz: Most extra features

Want to get way more than just business planning software? Then you probably want GoSmallBiz.

See, GoSmallBiz offers business plan software as part of its service―but it’s just one part of a much bigger whole. You also get everything from discounts on legal services to a website builder to a CRM (customer relationship manager) to business document templates. And more. In other words, you get just about everything you need to get your startup off the ground.

GoSmallBiz software pricing

Don’t worry though―you still get all the business planning help you need. GoSmallBiz gives you business plan templates, step-by-step instructions, and the ability to create financial projections. And if you get stuck, GoSmallBiz will put you in touch with experts who can offer advice.

If you want business planning and much, much more, give GoSmallBiz a try.

  • PlanGuru : Best financial forecasting
  • EnLoop : Cheapest tool for startups

We recommend the software above for most business planning needs. Some businesses, though, might be interested in these more specialized planning software.

Honorable mention software pricing

Planguru: best financial forecasting features.

Plan Guru

PlanGuru is pretty pricey compared to our other picks, but you might find its forecasting features worth paying for. It has more forecasting methods than other software (over 20) plus it lets you forecast up to 10 years.

EnLoop: Cheapest tool for startups

enloop logo

EnLoop doesn’t have our favorite features or interface, but it does have really, really low pricing plus a seven-day free trial. It's the most affordable software for startup business planning and still provides all the essential features like financial analysis, team collaboration, charting, and more.

Data as of 3 /13/23 . Offers and availability may vary by location and are subject to change. * With annual billing

Several of our previous favorite planning software, including BusinessPlanPro and StratPad, seem to have gone out of business.

A business plan is a written, living document that tells the story of your business and what you plan to do with it. It serves as the source of truth for you—the business owner—as well as potential partners, employees, and investors, but it also serves as a roadmap of what you want your business to be.

Why you need a business plan

While some small-business owners don’t see the point of creating a formal business plan, it can have some concrete benefits for your business. For example, one 2016 study found that business owners with written plans are more successful than those that don’t. 1

Still too vague? Then let’s get specific.

If you ever seek business funding (from, say, banks, angel investors , or venture capitalists ), you’ll have to prove that your business deserves the money you want. A formal business plan―complete with financial data and projections―gives you a professional document you can use to make your case. (In fact, most potential investors will expect you to have a business plan ready.)

Even if you’re not seeking funding right now, a business plan can help your business. A formal plan can guide your business’s direction and decision making. It can keep your business accountable (by, for example, seeing if your business meets the financial projections you included). And a formal plan offers a great way to make sure your team stays on the same page.

What to include in your business plan

Not all business plans are created equal. To make a really useful business plan, you’ll want to include a number of elements:

  • Basic information about your business
  • Your products/services
  • Market and industry analysis
  • What makes your business competitive
  • Strategies and upcoming plans
  • Your team (and your team’s background)
  • Current financial status
  • Financial and market projections
  • Executive summary

Of course, you can include more or fewer elements―whatever makes sense for your business. Just make sure your business plan is comprehensive (but not overwhelming).

How business plan software can help

With so many elements to include, business plan creation can take a while. Business plan software tries to speed things up.

Most business plan software will include prompts for each section. In some cases, you can just fill in your business’s specific information, and the software will write the text for you. In other cases, the software will give you specific guidance and examples, helping you write the text yourself.

Plus, business plan software can help you stay organized. You’ll usually get intuitive menus that let you quickly flip through sections. So rather than endlessly scrolling through a long document in a word processor, you can quickly find your way around your plan. Some software even lets you drag and drop sections to reorganize your plan.

Sounds way easier than just staring at a blank page and trying to start from scratch, right?

Choosing business plan software

To find the right business plan builder for your business, you’ll want to compare features. For example, would you rather write your own text, getting prompts and advice from your software? Or would you rather go with a fill-in-the-blank method?

Likewise, think about the elements you need. If your plan will have a heavy focus on finances, you’ll want to choose business plan software with robust financial projection features. If you care more about market and competitor analysis, look for software that can help with that research.

You may also want to find business plan software that integrates with your business accounting software . Some plan builders will import data from Xero, QuickBooks, etc. to quickly generate your financial data and projections.

And of course, you’ll want to compare prices. After all, you always want to end up with software that fits your business budget.

The right business plan software can make your life easier. With LivePlan ’s wide breadth of features and online learning tools, you can’t go wrong. Plus, BizPlanBuilder 's one-time pricing makes it easy to invest while Business Sorter has a low starting cost. And if you're business is looking to grow, GoSmallBiz and Wise Business Plans will scale with you.

But of course, different companies have different needs. So shop around until you find the software that’s best for you and your business.

Now that you've got a business plan, take a look at our checklist for starting a small business.  It can help you make sure you have everything else you need to get your startup off to a good start!

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Creating a business plan can take anywhere from a couple hours to several weeks. Your timeline will depend on things like the elements you choose to include, whether you use software or hire a writing service, and how much research goes into your plan.

That said, much of the business plan software out there brags that it can help you create a fairly detailed plan in a few hours. So if you’re going the software route, that can help you set your expectations.

If you want to get the most out of your business plan, you should update it on a regular basis―at least annually. That way, you can continually refer to it to inform your company’s strategies and direction.  

At the very least, you should update your business plan before you start looking for a new round of funding (whether that’s with investors or lenders).

Thanks to business plan software, you can easily write your own business plan rather than pay someone to do it for you. And in most cases, software will cost you less than a professional business plan service.

There are some times you might want to go with a service though. If time is tight, you might find that it’s worth the cost of a service. Or if you’ve got big investor meetings on the horizon, you might want the expertise and polish that a professional service can offer.

Ultimately, you’ll have to decide for yourself whether business plan software or a business plan service will work better for your company.

Methodology

We ranked business plan software and tools based on features, pricing and plans, and connections to project management and other services. The value of each plan and service, along with what it offers, was a big consideration in our rankings, and we looked to see if what was offered was useful to small businesses or just extra. The final thing we looked at was the ease of use of the software to see if it's too complex for small businesses.

At Business.org, our research is meant to offer general product and service recommendations. We don't guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services.

Sources 1. Harvard Business Review, “ Research: Writing a Business Plan Makes Your Startup More Likely to Succeed .” Accessed March 13, 2023.

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7 Best Business Plan Software for Startups in 2024

Businessman and businesswoman next to a graphic that says "Top 7 Planning Software Tools".

  • Resources for Planning a Business
  • Best Business Plan Software

Last Updated: January 23, 2024 By TRUiC Team

Launching a new startup is an exciting yet challenging endeavor. Crafting a comprehensive business plan is a critical first step for any founder to outline their vision, objectives, and strategy. It acts as a roadmap to help guide important decisions and next steps as a company grows.

With so many options available, finding the right business planning tool can be daunting. The best software should be affordable, user-friendly, and offer a robust set of features to aid in financial modeling, strategic planning, and more.

In this review, we'll explore some of the top business plan software solutions designed specifically for entrepreneurs. We'll compare capabilities, ease of use, templates and resources, integrations, pricing, and more. Whether you’re looking to create an investor-ready plan or simply organize your strategy, choosing the right tool can help you get started on the right foot.

Best Business Plan Software for Startups: LivePlan

Top Business Plan Software Solutions

In this review, we'll look at seven of the best business plan software platforms — discussing their pros, cons, features, pricing, and more — so you can decide which one is right for your startup.

Best Business Plan Software for Startups 2024:

  • LivePlan - Best Overall
  • Bizplan - Easiest to Use
  • Enloop - Best Automation Features
  • PlanGuru - Best Financial Forecasting
  • IdeaBuddy - Best for Idea Validation
  • iPlanner - Best for Nonprofits
  • Wise Business Plans - Best Professional Services

The following tools all have their own great features. Based on its affordable pricing and usability, LivePlan is our top business plan software choice for startups.

Try LivePlan today or continue reading to explore your options!

Best Business Plan Software: LivePlan

LivePlan is the overall best business plan tool, offering a large number of features at an affordable price.

Visit LivePlan

1. LivePlan - $15/month to $30/month

We love LivePlan overall because it offers great value at an affordable cost. The software lets you quickly create a business plan from anywhere in the world using what is arguably the best business plan software available on the market. It does everything better than its competition and costs way less.

What’s more, the online “cloud-based” platform is easy to use and you are under no contract or obligation to keep paying for the service. Even better, if you decide to stop service for whatever reason, Palo Alto Software, the makers of LivePlan, will keep your account active and data preserved for at least a year should you decide to reactivate your account later.

  • Create an unlimited number of business plans
  • A forecast feature for those less mathematically inclined. Plug in data, and it will generate charts, graphs, figures, and even the profit and loss, balance sheet, and cash flow statements
  • 500+ business plan templates spanning all major industries
  • Real-time financial data tracking
  • Performance dashboards track sales and budgeting
  • Create one-page pitch plans for potential investors
  • Milestone scheduling feature — Some people will use it when working with others on their plan; it will let you assign milestones to people.
  • Low-cost annual plans
  • Affordable pay-as-you-go plans
  • No cancellation fees
  • Data saved for 12-months, even after cancellation
  • Clean, modern platform
  • Cloud-based; works on any business machine (Linus, Windows, Mac)
  • Integrates with Quickbooks and Xero to import your data easily
  • Knowledgeable customer support to get help with your plan
  • No valuation capabilities
  • Templates built on Palo Alto Software’s earlier software Business Plan Pro require some modifications to be used on LivePlan

Insider Information

Talking to the nice people at LivePlan we learned some inside information that we wanted to share with our readers.

Here's what we learned:

  • LivePlan has been used by contestants on ABC's hit show "Shark Tank" to win over angel investors to help them get their ideas and businesses funded.
  • Accountants use LivePlan as an added-value service to sell to their clients.
  • Businesses continue using LivePlan because of a feature called “Dashboard” which lets you manually enter your actuals or pull actuals from Quickbooks online to do comparative forecasting and analysis.
  • LivePlan helps with business continuity planning (BCP).
  • LivePlan executives use LivePlan to make important business decisions.
  • "Dashboard" does profit and loss, cash flow, and balance sheet reports and lets you compare and contrast your actuals from your forecasts to be able to show to investors.
  • LivePlan lets you create business plans in 1/5th the time it takes using templates.

Customer Reviews

LivePlan receives great feedback from customers. LivePlan reviews average 4.5 stars out of 5 on GetApp. LivePlan is an easy company for us to recommend for the best business plan software.

Image of the company logo.

2. Bizplan - $29/month, $249/year, $349 lifetime

Bizplan rates high on our list because they offer a lifetime plan that gets you "forever access" to their business plan software. As an added bonus, you also receive free access to Startup Courses and LaunchRock, a landing page builder.

  • Easy, "fill-in-the-blanks" plan builder
  • Publish your business plan online
  • Unlimited business plans
  • Bizplan takes care of the financials
  • Cloud-based (use any browser on any computer)
  • Options to add more graphics and photos
  • Low-cost yearly plans
  • Create unlimited business plans
  • Xero to import your data easily
  • Excellent and responsive customer support (email/chat/phone)
  • Free access to Startup.com and LaunchRock.com
  • Discount at Fundable.com (connect with lenders and investors)
  • Can't export in Word
  • Doesn't currently integrate with QuickBooks
  • No free trial
  • No third-party app integrations

Talking with BizPlan insiders, we learned that the premise behind BizPlan is to help startups easily create professional business plans to give them a leg-up with lenders and investors.

Here's what else we learned:

  • BizPlan's does all your financial calculations for you.
  • BizPlan strives to be an all-in-one solution for Startups needing funding.
  • BizPlan is constantly making improvements to its software.

BizPlan receives great feedback from customers. BizPlan reviews average 4.4 stars out of 5 on GetApp. Still a relatively new option, BizPlan already has over 30,000 satisfied customers. As their platform grows, we wouldn’t be surprised to see them integrate even more valuable features. Keep a close eye on this one.

Image of the company logo.

3. Enloop - Free to $39.95/month

If you’re looking to try before you buy, Enloop is a strong choice as one of the only business planning software tools with a free trial.

  • User-friendly platform
  • Compare your financials against your industry's performance
  • Bank ready financial statements (Profit and Loss, Balance Sheet, Cash flow)
  • Lets multiple team members work on a business plan
  • 36-Month detailed financial reports
  • Sync date and text into your business plan
  • Real-time performance rating
  • Generated business plan Pass/Fail report
  • Multiple currency formatting
  • Seven-day free trial (no credit card required)
  • Advanced financial ratios
  • Financial projections
  • Video tutorials to help you with the writing process
  • No phone or chat support, just a "contact us" form.
  • Three business plan limit per account
  • Doesn't integrate with QuickBooks or Xero
  • No financial forecasts beyond 36-months
  • No 30-day money-back guarantee

We learned that the premise behind Enloop is to make business planning easier for entrepreneurs. Enloop achieves this by making software simple to navigate through and takes risks off the table with their no credit card needed seven-day free trial. Their business plan creation software offers financial forecasting features for up to 36 months.

  • Enloop utilizes 16 financial ratios to get your business ready for investors.
  • Enloop offers some sample business plans that are easy to modify.
  • Enloop's performance score increases as you create your detailed plan.
  • A new business or small businesses benefit the most from Enloop's solutions.

Enloop receives fair feedback from customers. Enloop's reviews average 3 stars out of 5 on PCMag. Enloop's main complaint is its lack of instructional text for writing mission statements and other key sections. What they rank high on is their efficiency and the speed at which the software lets you write a business plan.

Even beyond the free version, Enloop Basic is just $9.95/month ($6/month when paid annually), so they’re one of the least expensive tools for writing a business plan.

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4. PlanGuru - $99/month to $299/month

PlanGuru is a good option if you’re looking for considerably more robust software that offers quite a bit more. The most notable feature we like is the valuation tool, only present on the desktop version of the software. PlanGuru lets you calculate the valuation of your business using three different methods. No other business plan software offers this that we know of.

PlanGuru also offers budgeting, forecasting, and performance tools to help you put together a business plan. In the main, PlanGuru allows you to get a custom-tailored three financial statement budget model up and running out of QuickBooks or Xero in a matter of minutes. PlanGuru's business plan writing software takes you through a setup process where it asks you questions such as:

  • What's the first month of your fiscal year?
  • How many historical years do you want to import?

And, once you answer these questions, PlanGuru then generates a model for you that you can then populate with your historical data if you have it. Then you can go through PlanGuru's 20+ projection methods.

Some financial data projection methods include:

  • Expenses, like payroll, etc.
  • Balance sheet items, like accounts receivable, accounts payable, crude expenses, prepaid expenses, loans, etc.

These are only a few of the features the business plan software offers. Here are some more.

  • Budgeting/Forecasting Software
  • Analytics Service for Financial Performance & KPIs
  • Valuation calculations (desktop software only)
  • Desktop and cloud-based options
  • Free 14-day trial and 30-day money-back guarantee
  • Great customer support and knowledgeable sales staff
  • Lower-cost yearly plans offered
  • Advanced financial calculations
  • Business valuation calculations
  • No contracts
  • Integrates with QuickBooks and Xero
  • Costlier than LivePlan and most other business plan software options
  • Additional cost per user can add up quickly

The great thing about PlanGuru is that the only thing you have to worry about is the income statement and balance sheet projections because the cash flow statement is automatically generated.

Then once you have the cash flow statement, income statement, and balance sheet in place, you can then lock down the budget.

  • PlanGuru's desktop version has three different types of valuation methods that calculate the worth of your business.
  • PlanGuru has some really nice reporting tools that pull together your financial statements into table formats, say, for the bank, line-by-line.
  • PlanGuru also has some nice charts, graphs, scorecards, and some easily digestible reports that can help you visualize how your company is performing.
  • Exports to Excel, PDF, and Word documents --and, there's even a tool that lets you create customized reports.
  • You can print your plan off too to show partners, lenders, and investors.
  • PlanGuru now offers a cloud-based version of its software, though it will take some time to catch up to the rich features offered by the current desktop software version.
  • With PlanGuru you also get free updates, bug fixes, and new releases as they become available.

Important Note: These tools are important because investors may want to see not only historical performance but also projections.

Image of the company logo.

5. IdeaBuddy - Free to $35/month

IdeaBuddy makes our list because of what's behind their approach. IdeaBuddy focuses on helping entrepreneurs develop their idea first, then share it, and then refine it into a plan. If you have a business idea and don't know what to do next, IdeaBuddy could be what you're looking for in a business plan software.

  • Single-page business plan pitch (Idea plan)
  • Clean modern design platform combined with great financial tools
  • Marketing plan for selling and promoting your products
  • Market overview plan where you create targeted customer profiles, identify your competition and calculate the market potential
  • Business plan creation that includes forecasting performance and cash flow projections
  • A proprietary algorithm calculates a final score for your idea providing recommendations for improvement after you complete "Story Mode"
  • Idea Journal, that is an internal business plan for you to show potential investors
  • A lifetime plan costs only $178
  • Great for developing ideas
  • Great for doing market research
  • Pay-as-you-go plans offered
  • Email-only customer service
  • Software lag time issues
  • Fewer software options than most other small business options

IdeaBuddy has some great features that are fantastic from idea conceptualization down to cost projections and the laying out of steps to take to start a business. We would have liked, however, to been given more KPIs that would notify us of tasks, help with idea validation, and help us measure other objectives to better monitor the health of our business. Another thing lacking was the design of the finished plan--it contained some noticeable structural issues.

IdeaBuddy has received some outstanding customer reviews on GetApp. IdeaBuddy has earned a 4.6-star rating out of 5 possible stars.

Image of the company logo.

6. iPlanner - Starts at $55/year

iPlanner is a comprehensive business plan software that has been aiding entrepreneurs since 2007, providing a robust framework for developing business plans, models, and financial forecasts online.

  • Unlimited Team Members & Collaboration
  • A La Carte Pricing Model vs Packages
  • Discounts for Serial Entrepreneurs & Business Coaches
  • Solid amount of industry knowledge and experience.
  • They've got two trademarked business planning services, Startup Framework™ and Strategy Designer™
  • All of their business planning packages allow you to have unlimited collaborators and assign people three different roles: Project Owners, Advisors, and Viewers.
  •  Their Startup Framework software has a business modeling section where you can design a business model canvas and strategize as much as you need before diving into your plan.
  • Doesn't have a month-to-month option for either of their services. Their Strategy Designer is payable only annually, while their Startup Framework is available for 3-month, 6-month, or 12-month payments.
  • They don't offer refunds
  •  Their website is pretty old school and tough to navigate.
  •  Unlike other business planning software, iPlanner doesn't offer a free version or trial. However, you can take a tour of their Startup Framework software or view a demo of the Strategy Designer to get a feel for them.

iPlanner's Business Planning Software

If a simple framework is all you're looking for, iPlanner can help you out. They don't have many bells and whistles, but at these price points, they offer a good value for nonprofits and corporations.

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7. Wise Business Plans - Pricing by Request

Wise business plans website is a little confusing to navigate, and pricing is by request only, which can get frustrating. They do have a lot of options for different kinds of business plans for various types of business types, which makes them versatile. They also have business building and funding options as well. And, if you wish to establish business credit, they offer net-30 accounts that get reported to Equifax business.

  • Claim to be the only business plan company to write for Fortune 100 and 500 companies
  • Business formation services
  • Business license searches
  • EIN services
  • Digital marketing services
  • Business website design and branding
  • Has a lot of helpful information
  • Helpful options for forming your business
  • Options to help after you start your business
  • Helps small businesses establish business credit
  • Not an actual business plan software
  • Expensive by comparison
  • Website is difficult to navigate
  • Pricing is by request only
  • Limited products and features
  • Turnaround is one month
  • Requires some work on your end

Image of the company logo.

Business Plan Software Pros and Cons

  • By using business plan software providers, you’ll be able to create a solid outline for your business. Although some of the options above are better than others, each will walk you through from start to finish.
  • No matter how you look at it, business plan software is cost-effective. As long as you actually use the tool, you’ll generate significantly more value than you’re spending on monthly subscription fees.
  • If you spend the time to create a solid plan, you’re much more likely to hold yourself accountable. Think of planning software like an accountability buddy for entrepreneurship.
  • Your business plan tool will help set realistic financial goals, and most can also keep your bottom line in check by integrating your accounting software.
  • Business planning software enables you to collaborate with partners, mentors and investors.
  • Some of the business plan tools don’t offer support and can have slightly buggy features. That said, if you’re serious about writing a solid plan, go with a tool that’s constantly updated and well made.
  • Although some business plan tools have a collaboration feature, none of them can review it when you’re done. All business planning tools lack a human touch.

How to Choose the Right Business Plan Software

With the array of business planning tools available, it can be daunting to select the right one for your needs. Here are some tips for choosing a business plan software solution:

  • Consider your skill level – Opt for software like a wizard-guided template if you are less experienced in writing plans. Choose more advanced software with greater flexibility once you know what you are doing. Look for drag-and-drop tools to easily organize sections.
  • Determine your budget – Prices range from free to several hundred dollars. Know how much you can spend before shopping.
  • Compare features – Look for software with the specific tools you need, like financial projections, sample text, customizable templates, and more.
  • Evaluate the financial tool capabilities – The software should provide extensive financial tools like forecasting, modeling, projections, and dashboards to streamline financial planning.
  • Check reviews and ratings – Get feedback from other users about their experience with the software. High reviews indicate easier, more user-friendly software.

Which Is the Best Business Plan Software?

You know the unique requirements of your startup better than we do. These are all quality services that offer business planning software tools for entrepreneurs like you. Feel free to read over our full reviews if you’d like to know more about any of them or even visit the websites directly.

In general, we do prefer LivePlan because they have a huge library of business plan templates, and we love their convenient dashboard. They're the planning software that is most likely to help you via customer support, continue updating their tool, and figure out ways to make your business experience better. Enjoy!

What is the purpose of a business plan?

The purpose of a business plan is to provide a structured outline and roadmap for a business's goals, strategies, and operations. It serves as a guide for decision-making, resource allocation, and management. 

Furthermore, it can be a crucial tool for attracting investors, securing loans, and ensuring that all stakeholders have a clear understanding of the business's direction and objectives.

What does business plan software do?

Business plan software assists entrepreneurs and businesses in creating, organizing, and refining their business plans. It provides tools, templates, and guidance to streamline the planning process. 

Features often include financial forecasting, market analysis, visual aids like charts and graphs, collaboration capabilities, and even integration with other business tools. This software aims to simplify the task of creating a thorough and professional business plan.

How do you write a business plan?

To write a business plan, start by writing an executive summary that provides an overview of your business idea, products/services, market opportunity, and projected growth. Outline your company description, industry analysis, target customers, competitive advantage, marketing and sales plans, operations, management team, and financial projections.

How long should a business plan be?

The length can vary based on the complexity of the business, its stage, and its intended audience. In general, it might range from 15-50 pages. However, the key is to ensure that the plan is comprehensive yet concise. 

For many situations, especially when seeking investment, a more detailed one is preferable. Yet, for internal purposes or for businesses at very early stages, a shorter, more concise plan might suffice.

Are there business plan templates on Word?

Yes, Microsoft Word has business plan templates you can download and customize. The templates provide section headings, instructions, sample text, and tables to input your specific business information.

What is Palo Alto Software?

Palo Alto Software is a company that's been around since the late 1980s. They created business management software for startups and existing businesses. The software has since been updated and rebranded as LivePlan and today happens to be one of the most sought-after business plan software available in the marketplace.

Individual Business Plan Reviews

Featured articles.

https://startupsavant.comTwo business people planning on a whiteboard.

What Is a Business Plan?

https://startupsavant.comBusinesswoman writing notes at her computer.

Lean Startup Business Plan Guide

https://startupsavant.comBusinesswoman at computer.

How to Write a Business Plan

Best business plan software of 2024

For planning your business finance

Best overall

Best budget, best established, best for speed.

  • How we test

The best business plan software makes it simple and easy to plan your business finances in order to present them to a bank or investors.

Business Plan

1. Best overall 2. Best budget 3. Best basic 4. Best established 5. Best for speed 6. FAQs 7. How we test

The whole point of a business plan is that it allows you to evaluate your strengths and weaknesses, not least via your Unique Selling Point (USP) ,and make product or service comparisons with competitors.

Of course, even the best business plan relies on estimates and guesstimates, as it's impossible to predict market changes, developments, and future performance under such conditions. 

Ultimately, though, a business plan will demonstratively prove why your business is a solid enough investment to risk putting money into, and shows that you have properly and thoroughly researched your market, and details the real potential of a new business opportunities.

Here then are the best business plan software providers currently available.

You may also be interested in our featured business guides on best business laptops , best business computers and best business smartphones .

The best business plan software of 2024 in fill:

Why you can trust TechRadar We spend hours testing every product or service we review, so you can be sure you’re buying the best. Find out more about how we test.

Website screenshot for Bizplan

Reasons to buy

Reasons to avoid.

Bizplan is the online business planning tool that claims usage of 30,000 startup founders from the Startups.co platform. They use a guided creator that can break the big project down into the component pieces that get tracked with a Progress Tracker, and expert guidance each step of the way including templates that can be dropped in, and completed, along with simple integration of visuals along the way.

Additional resources are also provided via the Bizplan Academy, with lessons on relevant topics, for example, “Building a Brand: How to Tell a Powerful Brand Story,” and “Critical Path Your Way to Higher Revenues,” among the many offerings. Those that need even more assistance also can take advantage of an expert consultation from a financial expert.

  • ^ Back to the top

Website screenshot for PlanGuru

2. PlanGuru

PlanGuru is a comprehensive, and powerful software package in the business planning space. Education is provided via a series of case studies at their PlanGuru University and a whole slew of video tutorials.

The feature set includes flexible budgeting that can handle a simple small business, or a larger multi-department operating budget, and financial forecasting that uses multiple methods, including intelligent and turn-key methods - twenty methods in total. Historical results can also be imported with the general ledger import utility which can then applied to produce a rolling forecast. They also offer PlanGuru Launch, a service to bring in expertise and is charged per hour of assistance.

A significant downside is Planguru charges a higher cost than other software options. The cheapest option is around $75 per month for one business entity when billed annually. While there is no free trial, PlanGuru does offer a 30 day money back guarantee. 

Website screenshot for Enloop

Our expert review:

Enloop is a great choice for business planning software for the cash strapped business as it is the rare offering that has a free tier. Step up up to the next tier, and this is no barebones product, as it has over 100 currency symbols, can automatically generate bank-ready financial reports, and even has automated text writing that can sync with financial data to turn it into text. There is also a real time performance score assigned, that dynamically changes as the business plan is strengthened.  

The plans start with the Free tier, which is limited to a single business plan with simple text, no images, and does not offer any advanced features. The next plan up is the Detailed plan, that supports three business plans, and offers a significant 55% discount when paid annually, making it even better value. This plan costs around $20 per month. For a more comprehensive package you can buy the Performance plan costing around $40 per month.

Read our full Enloop business plan software review .

Website screenshot for LivePlan

4. LivePlan

LivePlan is business planning software that offers a simple pricing scheme as there is only a single plan to choose from. As they have a 15+ year track record, they offer a clean and simple interface, that can create business plans that look like they were done by an expert consultant, and the software includes a live dashboard that can track day-to-day performance. Those with writer’s block will benefit from the over 500 included sample plans that can be turned to for inspiration.  

Rather than complicate things with too many tiers to choose from, LivePlan only has a single plan which can be paid for monthly or annually.

Website screenshot for Business Sorter

5. Business Sorter

Business Sorter promises to simplify and speed up business planning and claims to be able to flesh out a plan in an hour or two, via a novel 273 card sort system that covers many common situations.

The ability to reword cards is included, or also to add cards to the already expansive deck, so no worries if there is not a pre-made card for your situation. Unlike some sites that have videos, the educational resources here are provided as PDFs and Word files, which can be quicker to access, but harder to follow for some learners. 

The lowest tier plan, Basic is fully featured, and includes up to three team leaders. 

Read our full Business Sorter review .

Other business plan software to consider

We've only covered some of the most popular business plan software platforms out there, but there are a number of other notables worth mentioning, plus a wide variety of providers of business plan templates. Below we'll briefly cover a range of some of the additional options out there that are worth considering to get your business plan right.

Go Business Plans is more of a consultancy than a software solution, but is worth mentioning for the simple fact that it's one of America's biggest business plan companies. While software might be able to do the job for you, if you're looking for significant funding, it's probably useful to get some professional advice, not least in terms of strategic planning, feasibility studies, and financial projections to ensure you have a solid base for your business plan.

Wise Business Plans provides a very wide range of templates to work from in constructing a business plan. These are particularly designed with funding in mind, no matter what kind of business you run. What is especially helpful is that Wise doesn’t simply deal with business plan templates for a diverse range of business types, the company also provides plan templates for franchises and non-profits.

Plan Writers  is another bespoke service that essentially listens to what you want and then puts the plan together for you. Again, this technically falls outside of business plan "software", but the chances are you'll use a software package as a platform to build from, and Plan Writers can then help you build up from that base.

Bplans is another provider of business plan templates, but goes beyond that with additional pitch and SWOT analysis templates. There are also business plan guides, industry reports, and a free course on writing a business plan. Bplans also publishes a lot of free-to-use articles on business planning, financials, and tax reporting, to help ensure you can keep your figures and projections accurate and compliant.

We've also listed the best free software for small business .

A business plan is essentially your roadmap to profitability from an initial investment. Whether it's your own money, or a loan from a bank, it's still a good idea to set up a business plan for yourself.

Main things to look to are a SWOT analysis to provide an idea of your business idea's strengths and weaknesses, as well as identify a unique selling point (USP) that will give your business an edge.

While business plans inevitably demand the use of figures, and while these can be impossible to be accurate with, at least by making intelligent guesses you can set yourself targets to work towards.

That's another common feature of a plan, so that specific periods you can review your business progress and make adjustments to your plan as required. This allows you to use real figures for your projections, allowing you to better plan ahead.

Which business plan software is best for you?

When deciding which business plan software to use, first consider what your actual needs are, as sometimes free platforms may only provide basic options, so if you need to use advanced tools you may find a paid platform is much more worthwhile. Additionally, free and budget software options can sometimes prove limited when it comes to the variety of tools available, while higher-end software can really cater for every need, so do ensure you have a good idea of which features you think you may require.

How we tested the best business plan software

To test for the best business plan software we first set up an account with the relevant software platform, whether as a download or as an online service. We then tested the service to see how the software could be used for different purposes and in different situations. The aim was to push each business plan software platform to see how useful its basic tools were and also how easy it was to get to grips with any more advanced tools.

Read how we test, rate, and review products on TechRadar .

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Starting a Business | Buyer's Guide

6 Best Business Plan Software

Published June 10, 2020

Published Jun 10, 2020

Blake Stockton

WRITTEN BY: Blake Stockton

This article is part of a larger series on Starting a Business .

Business plan software gives you the tools to create financial projection tables, charts, and other documents you need to plan your business. Software is often better than using a free template because it gives you step-by-step directions and educational materials to help you complete a clear business plan. We review the best business plan software below so you can determine which software is right for your business.

The six best business plan software for 2020 are:

  • LivePlan : Best overall business plan software for small and medium sized businesses
  • BizPlan : Best for tech startups that need a business plan that appeals to investors
  • Enloop : Best for entrepreneurs short on time and need recommended biz plan content
  • GoSmallBiz.com : Best for a new small business that also needs marketing and operation tools
  • Business Sorter : Best for visual thinkers who want to try an innovative approach to creating a plan
  • PlanGuru : Best for businesses that need to create in-depth financial projections

How We Evaluated Business Plan Software

To evaluate the various business plan software, we reviewed factors we believe are essential no matter what type of business plan you’re creating. Primarily, we reviewed pricing and the availability of a trial or money-back guarantee. We also researched the business plan software overall quality and ease of use. Additionally, we reviewed customer service availability, additional services offered, and the quality of educational materials.

LivePlan: Best Overall Business Plan Software for Small Businesses

liveplan logo

LivePlan is a well-designed software for business owners looking to create either a one-page plan or a lender-ready plan. What separates LivePlan from competitors is the extended money-back guarantee and quality of educational materials. The software has financial projections that are easy to complete and looks great as a finished product.

Visit LivePlan

LivePlan Pricing

  • Pay As You Go : $20 per month
  • Six-month Plan : $108 every six months
  • 12-month Plan : $180 every 12 months

LivePlan Features

  • One-page business plan: If you’d like to create a simple plan, LivePlan provides a fill-in-the-blank template to get your ideas down quickly.
  • Educational materials: LivePlan walks users step-by-step through the business planning process with several video tutorials and examples.
  • Financial data: As you answer financial questions, LivePlan populates easy-to-read financial charts and graphs.
  • Customer service: Phone, email, and online chat support is available for customers Monday thru Friday from 8 a.m. to 5 p.m. Pacific time.

Why We Like LivePlan

LivePlan provides the necessary tools to get your biz plan created. If you’re creating your first business plan, the educational materials serve as a mini online course to help you complete your plan. LivePlan leads in its 60-day money-back guarantee—most guarantees are one to two weeks. Additionally, if you find that you cannot finish your business plan, LivePlan has a network of writers who can assist.

Bizplan: Best Business Plan Software for Tech Startups

bizplan logo

BizPlan is a software aimed for high-growth startups. Typically, these types of businesses are looking to raise funding from an investor, not a bank. BizPlan provides several unique features including a drag-and-drop builder, startup educational materials, and access to a fundraising platform.

Visit Bizplan

Bizplan Pricing

  • Monthly : $29 per month
  • Annual : $20.75 per month ($249 per year)
  • Lifetime Access : $349 one-time

Bizplan Features

  • Drag-and-drop user interface: Create a business plan with the elements needed for your type of business.
  • Online fundraising platform: Included with the business plan software is access to Fundable.com, an online fundraising platform that connects you to potential investors.
  • Lifetime pricing: Bizplan is the only company that provides lifetime access for a one-time $349 fee.
  • Startup courses: In addition to the biz plan software, receive access to over 650 videos and 1,000 how-to guides for creating a successful high-growth startup.
  • Customer service : Phone, chat, and email availability Monday thru Friday from 9 a.m. to 9 p.m. Eastern time.

Why We Like Bizplan

BizPlan is perfect for the business looking to raise funds from an investor. One unique feature it provides is the “pitch” document. This doc outlines the most important aspects of your business. It’s easy to share with investors who want a snapshot of your business. We also like the positive online reviews regarding Bizplan’s customer service: fast response, and pleasant to work with.

Enloop: Best for Completing a Business Plan Fast

enloop logo

Enloop is an easy-to-navigate business plan software that focuses on helping customers get their plan completed quickly. It does this through its automated text and performance score that acts as a digital mentor. For an additional monthly fee, Enloop provides an analysis of your financial ratios, which help determine your company’s potential financial health.

Visit Enloop

Enloop Pricing

  • Seven-day free trial (no credit card required)
  • Detailed plan : $19.95 per month or $11 per month with annual payment
  • Performance plan : $39.95 per month or $24 per month with annual payment

Enloop Features

  • Automated text: The plan comes with standard business plan text that you can customize and any financial text gets updated automatically from the financial data.
  • Financial ratios: Enloop does a great job explaining 16 different financial ratios that indicate the financial health of your business.
  • Performance score: As you complete your business plan and enter your financial information, Enloop calculates a completion score from 0-100, which serves as motivation to complete the plan.
  • Customer service: Enloop’s service is limited to messages and a help database.

Why We Like Enloop

Enloop provides several features that makes it an appealing business plan software. Users can complete their business plan quickly with their templated text. Enloop also saves time by having financial numbers discussed in the text updated automatically when changed in the financial data and tables section. We also like the one-week free trial that requires no credit card information to start.

GoSmallBiz.com: Best for Additional Small Business Tools

GoSmallBiz Logo

GoSmallBiz.com provides a comprehensive toolkit that those starting a new business will find helpful. In addition to the biz plan software, it provides a website, customer relationship management (CRM), text-based business consultations, and legal business documents. No other biz plan software offers this suite of tools—all for one cost.

Visit GoSmallBiz.com

GoSmallBiz.com Pricing

  • Suite of business products : $39 per month

GoSmallBiz.com Features

  • Business plan: Save time by choosing a business plan template specifically for your industry and then use a step-by-step wizard to complete it.
  • Educational materials: As you create your business plan, you’ll find video tutorials teaching you about different sections of a biz plan.
  • Unlimited business consultations: Submit your specific business questions to knowledgeable business consultants and receive an answer within two days.
  • Other tools: In addition to the business plan, use GoSmallBiz.com’s software to do additional tasks such as building a website, tracking basic accounting, writing corporate minutes, and creating legal documents.
  • Customer service : Available by phone Monday thru Friday from 9 a.m. to 7 p.m. Eastern time.

Why We Like GoSmallBiz.com

GoSmallBiz.com is perfect for the new small business owner looking to save on software needed for their business. We particularly like the ability to get answers specific to your business questions from business consultants. GoSmallBiz.com also has high-quality videos and educational materials throughout. For those new to entrepreneurship, learn best-practices through its downloadable app, videos, and blog.

Business Sorter: Best Business Plan For Visual Learners

business sorter logo

Business Sorter uses an innovative card sorting system to help users determine what information needs to go in their business plan. If you’d like the plan to be a team effort, you can assign certain sections to individual employees. Business Sorter provides a test drive with a 14-day free trial with no credit card required to start.

Visit Business Sorter

Business Sorter Pricing

  • Small Team : $10 per month or $80 per year (three users)
  • Medium Team : $30 per month or $240 per year (10 users)
  • Large Team : $80 per month or $640 per year (30 users)
  • Enterprise : Customer (unlimited users)

Business Sorter Features

  • Card sorter planning system: When first starting the business plan, you’ll be presented with 273 digital cards to sort through and prioritize what’s essential in your plan.
  • Team-oriented: Assign certain portions of the business plan to specific employees via email.
  • Multiple plans: Create up to 40 plans for your business or other businesses you own at no additional cost.
  • Guidance: Business Sorter provides advice every step of the way so you can complete the fundamentals of your business plan in under two hours.
  • Customer service : No phone support, but it does have email support, frequently asked questions, and a detailed biz plan guide.

Why We Like Business Sorter

We really like the innovative biz plan creation process behind Business Sorter. Instead of you trying to determine the most critical aspects of your business on your own, Business Sorter walks you through specifics for each section in 273 different digital cards. The desired cards— which indicate sections—then get added to your plan. We also like the overall ease of use and modern design of the software.

PlanGuru: Best for In-depth Financial Forecasting

planguru logo

PlanGuru is a software specially designed for financial analysis and forecasting. You may want to use this software if financial projections and budgeting is essential to your business philosophy and your type of business. With PlanGuru you can use over 20 different forecasting methods to better understand how your business may perform financially in the future.

Visit PlanGuru

PlanGuru Pricing

  • Monthly : $99 per month
  • Annual : $299 per year
  • PlanGuru Launch : $250 an hour

PlanGuru Features

  • Detailed financial analysis: Integrate the income statement, balance sheet, and cash flow statement into one comprehensive financial model.
  • PlanGuru Launch: Hire PlanGuru to formulate a financial plan for your business and then learn from its experts about how to track and manage the plan.
  • PlanGuru Analyst: This product is when PlanGuru sets up your financial plan, then tracks it for you, and sends updates—for a fixed monthly fee.
  • PlanGuru University: This is a seven hour online class that teaches you how to understand and track the finances in your business.
  • Customer service: A ticket submission service is available for customers.

Why We Like PlanGuru

For the financially-minded small business owner, PlanGuru has all the tools to implement and track your financial plan. The projections are typically the most challenging part of any business plan. Still, if you will ever need funding for your business, you must have the projections. Use PlanGuru University to learn more about your financials, and then “wow” investors with a detailed financial forecasting model.

Bottom Line

Now that you’ve read through the best business plan software available in 2020, it’s time to decide: which plan is best for you? For the typical small business, LivePlan will provide all the tools they need to write a funding-ready plan. A tech startup may want to consider BizPlan. If you want to write your plan quickly, choose Enloop. PlanGuru is best to complete detailed financial projections. Whichever software you choose, remember, business planning is an exercise to chart your business’s bright and exciting future!

About the Author

Blake Stockton

Find Blake On LinkedIn Twitter

Blake Stockton

Blake Stockton is a staff writer at Fit Small Business focusing on how to start brick-and-mortar and online businesses. He is a frequent guest lecturer at several undergraduate business and MBA classes at University of North Florida . Prior to joining Fit Small Business, Blake consulted with over 700 small biz owners and assisted with starting and growing their businesses.

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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.

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Step-by-Step Guide to Writing a Simple Business Plan

By Joe Weller | October 11, 2021

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A business plan is the cornerstone of any successful company, regardless of size or industry. This step-by-step guide provides information on writing a business plan for organizations at any stage, complete with free templates and expert advice. 

Included on this page, you’ll find a step-by-step guide to writing a business plan and a chart to identify which type of business plan you should write . Plus, find information on how a business plan can help grow a business and expert tips on writing one .

What Is a Business Plan?

A business plan is a document that communicates a company’s goals and ambitions, along with the timeline, finances, and methods needed to achieve them. Additionally, it may include a mission statement and details about the specific products or services offered.

A business plan can highlight varying time periods, depending on the stage of your company and its goals. That said, a typical business plan will include the following benchmarks:

  • Product goals and deadlines for each month
  • Monthly financials for the first two years
  • Profit and loss statements for the first three to five years
  • Balance sheet projections for the first three to five years

Startups, entrepreneurs, and small businesses all create business plans to use as a guide as their new company progresses. Larger organizations may also create (and update) a business plan to keep high-level goals, financials, and timelines in check.

While you certainly need to have a formalized outline of your business’s goals and finances, creating a business plan can also help you determine a company’s viability, its profitability (including when it will first turn a profit), and how much money you will need from investors. In turn, a business plan has functional value as well: Not only does outlining goals help keep you accountable on a timeline, it can also attract investors in and of itself and, therefore, act as an effective strategy for growth.

For more information, visit our comprehensive guide to writing a strategic plan or download free strategic plan templates . This page focuses on for-profit business plans, but you can read our article with nonprofit business plan templates .

Business Plan Steps

The specific information in your business plan will vary, depending on the needs and goals of your venture, but a typical plan includes the following ordered elements:

  • Executive summary
  • Description of business
  • Market analysis
  • Competitive analysis
  • Description of organizational management
  • Description of product or services
  • Marketing plan
  • Sales strategy
  • Funding details (or request for funding)
  • Financial projections

If your plan is particularly long or complicated, consider adding a table of contents or an appendix for reference. For an in-depth description of each step listed above, read “ How to Write a Business Plan Step by Step ” below.

Broadly speaking, your audience includes anyone with a vested interest in your organization. They can include potential and existing investors, as well as customers, internal team members, suppliers, and vendors.

Do I Need a Simple or Detailed Plan?

Your business’s stage and intended audience dictates the level of detail your plan needs. Corporations require a thorough business plan — up to 100 pages. Small businesses or startups should have a concise plan focusing on financials and strategy.

How to Choose the Right Plan for Your Business

In order to identify which type of business plan you need to create, ask: “What do we want the plan to do?” Identify function first, and form will follow.

Use the chart below as a guide for what type of business plan to create:

Is the Order of Your Business Plan Important?

There is no set order for a business plan, with the exception of the executive summary, which should always come first. Beyond that, simply ensure that you organize the plan in a way that makes sense and flows naturally.

The Difference Between Traditional and Lean Business Plans

A traditional business plan follows the standard structure — because these plans encourage detail, they tend to require more work upfront and can run dozens of pages. A Lean business plan is less common and focuses on summarizing critical points for each section. These plans take much less work and typically run one page in length.

In general, you should use a traditional model for a legacy company, a large company, or any business that does not adhere to Lean (or another Agile method ). Use Lean if you expect the company to pivot quickly or if you already employ a Lean strategy with other business operations. Additionally, a Lean business plan can suffice if the document is for internal use only. Stick to a traditional version for investors, as they may be more sensitive to sudden changes or a high degree of built-in flexibility in the plan.

How to Write a Business Plan Step by Step

Writing a strong business plan requires research and attention to detail for each section. Below, you’ll find a 10-step guide to researching and defining each element in the plan.

Step 1: Executive Summary

The executive summary will always be the first section of your business plan. The goal is to answer the following questions:

  • What is the vision and mission of the company?
  • What are the company’s short- and long-term goals?

See our  roundup of executive summary examples and templates for samples. Read our executive summary guide to learn more about writing one.

Step 2: Description of Business

The goal of this section is to define the realm, scope, and intent of your venture. To do so, answer the following questions as clearly and concisely as possible:

  • What business are we in?
  • What does our business do?

Step 3: Market Analysis

In this section, provide evidence that you have surveyed and understand the current marketplace, and that your product or service satisfies a niche in the market. To do so, answer these questions:

  • Who is our customer? 
  • What does that customer value?

Step 4: Competitive Analysis

In many cases, a business plan proposes not a brand-new (or even market-disrupting) venture, but a more competitive version — whether via features, pricing, integrations, etc. — than what is currently available. In this section, answer the following questions to show that your product or service stands to outpace competitors:

  • Who is the competition? 
  • What do they do best? 
  • What is our unique value proposition?

Step 5: Description of Organizational Management

In this section, write an overview of the team members and other key personnel who are integral to success. List roles and responsibilities, and if possible, note the hierarchy or team structure.

Step 6: Description of Products or Services

In this section, clearly define your product or service, as well as all the effort and resources that go into producing it. The strength of your product largely defines the success of your business, so it’s imperative that you take time to test and refine the product before launching into marketing, sales, or funding details.

Questions to answer in this section are as follows:

  • What is the product or service?
  • How do we produce it, and what resources are necessary for production?

Step 7: Marketing Plan

In this section, define the marketing strategy for your product or service. This doesn’t need to be as fleshed out as a full marketing plan , but it should answer basic questions, such as the following:

  • Who is the target market (if different from existing customer base)?
  • What channels will you use to reach your target market?
  • What resources does your marketing strategy require, and do you have access to them?
  • If possible, do you have a rough estimate of timeline and budget?
  • How will you measure success?

Step 8: Sales Plan

Write an overview of the sales strategy, including the priorities of each cycle, steps to achieve these goals, and metrics for success. For the purposes of a business plan, this section does not need to be a comprehensive, in-depth sales plan , but can simply outline the high-level objectives and strategies of your sales efforts. 

Start by answering the following questions:

  • What is the sales strategy?
  • What are the tools and tactics you will use to achieve your goals?
  • What are the potential obstacles, and how will you overcome them?
  • What is the timeline for sales and turning a profit?
  • What are the metrics of success?

Step 9: Funding Details (or Request for Funding)

This section is one of the most critical parts of your business plan, particularly if you are sharing it with investors. You do not need to provide a full financial plan, but you should be able to answer the following questions:

  • How much capital do you currently have? How much capital do you need?
  • How will you grow the team (onboarding, team structure, training and development)?
  • What are your physical needs and constraints (space, equipment, etc.)?

Step 10: Financial Projections

Apart from the fundraising analysis, investors like to see thought-out financial projections for the future. As discussed earlier, depending on the scope and stage of your business, this could be anywhere from one to five years. 

While these projections won’t be exact — and will need to be somewhat flexible — you should be able to gauge the following:

  • How and when will the company first generate a profit?
  • How will the company maintain profit thereafter?

Business Plan Template

Business Plan Template

Download Business Plan Template

Microsoft Excel | Smartsheet

This basic business plan template has space for all the traditional elements: an executive summary, product or service details, target audience, marketing and sales strategies, etc. In the finances sections, input your baseline numbers, and the template will automatically calculate projections for sales forecasting, financial statements, and more.

For templates tailored to more specific needs, visit this business plan template roundup or download a fill-in-the-blank business plan template to make things easy. 

If you are looking for a particular template by file type, visit our pages dedicated exclusively to Microsoft Excel , Microsoft Word , and Adobe PDF business plan templates.

How to Write a Simple Business Plan

A simple business plan is a streamlined, lightweight version of the large, traditional model. As opposed to a one-page business plan , which communicates high-level information for quick overviews (such as a stakeholder presentation), a simple business plan can exceed one page.

Below are the steps for creating a generic simple business plan, which are reflected in the template below .

  • Write the Executive Summary This section is the same as in the traditional business plan — simply offer an overview of what’s in the business plan, the prospect or core offering, and the short- and long-term goals of the company. 
  • Add a Company Overview Document the larger company mission and vision. 
  • Provide the Problem and Solution In straightforward terms, define the problem you are attempting to solve with your product or service and how your company will attempt to do it. Think of this section as the gap in the market you are attempting to close.
  • Identify the Target Market Who is your company (and its products or services) attempting to reach? If possible, briefly define your buyer personas .
  • Write About the Competition In this section, demonstrate your knowledge of the market by listing the current competitors and outlining your competitive advantage.
  • Describe Your Product or Service Offerings Get down to brass tacks and define your product or service. What exactly are you selling?
  • Outline Your Marketing Tactics Without getting into too much detail, describe your planned marketing initiatives.
  • Add a Timeline and the Metrics You Will Use to Measure Success Offer a rough timeline, including milestones and key performance indicators (KPIs) that you will use to measure your progress.
  • Include Your Financial Forecasts Write an overview of your financial plan that demonstrates you have done your research and adequate modeling. You can also list key assumptions that go into this forecasting. 
  • Identify Your Financing Needs This section is where you will make your funding request. Based on everything in the business plan, list your proposed sources of funding, as well as how you will use it.

Simple Business Plan Template

Simple Business Plan Template

Download Simple Business Plan Template

Microsoft Excel |  Microsoft Word | Adobe PDF  | Smartsheet

Use this simple business plan template to outline each aspect of your organization, including information about financing and opportunities to seek out further funding. This template is completely customizable to fit the needs of any business, whether it’s a startup or large company.

Read our article offering free simple business plan templates or free 30-60-90-day business plan templates to find more tailored options. You can also explore our collection of one page business templates . 

How to Write a Business Plan for a Lean Startup

A Lean startup business plan is a more Agile approach to a traditional version. The plan focuses more on activities, processes, and relationships (and maintains flexibility in all aspects), rather than on concrete deliverables and timelines.

While there is some overlap between a traditional and a Lean business plan, you can write a Lean plan by following the steps below:

  • Add Your Value Proposition Take a streamlined approach to describing your product or service. What is the unique value your startup aims to deliver to customers? Make sure the team is aligned on the core offering and that you can state it in clear, simple language.
  • List Your Key Partners List any other businesses you will work with to realize your vision, including external vendors, suppliers, and partners. This section demonstrates that you have thoughtfully considered the resources you can provide internally, identified areas for external assistance, and conducted research to find alternatives.
  • Note the Key Activities Describe the key activities of your business, including sourcing, production, marketing, distribution channels, and customer relationships.
  • Include Your Key Resources List the critical resources — including personnel, equipment, space, and intellectual property — that will enable you to deliver your unique value.
  • Identify Your Customer Relationships and Channels In this section, document how you will reach and build relationships with customers. Provide a high-level map of the customer experience from start to finish, including the spaces in which you will interact with the customer (online, retail, etc.). 
  • Detail Your Marketing Channels Describe the marketing methods and communication platforms you will use to identify and nurture your relationships with customers. These could be email, advertising, social media, etc.
  • Explain the Cost Structure This section is especially necessary in the early stages of a business. Will you prioritize maximizing value or keeping costs low? List the foundational startup costs and how you will move toward profit over time.
  • Share Your Revenue Streams Over time, how will the company make money? Include both the direct product or service purchase, as well as secondary sources of revenue, such as subscriptions, selling advertising space, fundraising, etc.

Lean Business Plan Template for Startups

Lean Business Plan Templates for Startups

Download Lean Business Plan Template for Startups

Microsoft Word | Adobe PDF

Startup leaders can use this Lean business plan template to relay the most critical information from a traditional plan. You’ll find all the sections listed above, including spaces for industry and product overviews, cost structure and sources of revenue, and key metrics, and a timeline. The template is completely customizable, so you can edit it to suit the objectives of your Lean startups.

See our wide variety of  startup business plan templates for more options.

How to Write a Business Plan for a Loan

A business plan for a loan, often called a loan proposal , includes many of the same aspects of a traditional business plan, as well as additional financial documents, such as a credit history, a loan request, and a loan repayment plan.

In addition, you may be asked to include personal and business financial statements, a form of collateral, and equity investment information.

Download free financial templates to support your business plan.

Tips for Writing a Business Plan

Outside of including all the key details in your business plan, you have several options to elevate the document for the highest chance of winning funding and other resources. Follow these tips from experts:.

  • Keep It Simple: Avner Brodsky , the Co-Founder and CEO of Lezgo Limited, an online marketing company, uses the acronym KISS (keep it short and simple) as a variation on this idea. “The business plan is not a college thesis,” he says. “Just focus on providing the essential information.”
  • Do Adequate Research: Michael Dean, the Co-Founder of Pool Research , encourages business leaders to “invest time in research, both internal and external (market, finance, legal etc.). Avoid being overly ambitious or presumptive. Instead, keep everything objective, balanced, and accurate.” Your plan needs to stand on its own, and you must have the data to back up any claims or forecasting you make. As Brodsky explains, “Your business needs to be grounded on the realities of the market in your chosen location. Get the most recent data from authoritative sources so that the figures are vetted by experts and are reliable.”
  • Set Clear Goals: Make sure your plan includes clear, time-based goals. “Short-term goals are key to momentum growth and are especially important to identify for new businesses,” advises Dean.
  • Know (and Address) Your Weaknesses: “This awareness sets you up to overcome your weak points much quicker than waiting for them to arise,” shares Dean. Brodsky recommends performing a full SWOT analysis to identify your weaknesses, too. “Your business will fare better with self-knowledge, which will help you better define the mission of your business, as well as the strategies you will choose to achieve your objectives,” he adds.
  • Seek Peer or Mentor Review: “Ask for feedback on your drafts and for areas to improve,” advises Brodsky. “When your mind is filled with dreams for your business, sometimes it is an outsider who can tell you what you’re missing and will save your business from being a product of whimsy.”

Outside of these more practical tips, the language you use is also important and may make or break your business plan.

Shaun Heng, VP of Operations at Coin Market Cap , gives the following advice on the writing, “Your business plan is your sales pitch to an investor. And as with any sales pitch, you need to strike the right tone and hit a few emotional chords. This is a little tricky in a business plan, because you also need to be formal and matter-of-fact. But you can still impress by weaving in descriptive language and saying things in a more elegant way.

“A great way to do this is by expanding your vocabulary, avoiding word repetition, and using business language. Instead of saying that something ‘will bring in as many customers as possible,’ try saying ‘will garner the largest possible market segment.’ Elevate your writing with precise descriptive words and you'll impress even the busiest investor.”

Additionally, Dean recommends that you “stay consistent and concise by keeping your tone and style steady throughout, and your language clear and precise. Include only what is 100 percent necessary.”

Resources for Writing a Business Plan

While a template provides a great outline of what to include in a business plan, a live document or more robust program can provide additional functionality, visibility, and real-time updates. The U.S. Small Business Association also curates resources for writing a business plan.

Additionally, you can use business plan software to house data, attach documentation, and share information with stakeholders. Popular options include LivePlan, Enloop, BizPlanner, PlanGuru, and iPlanner.

How a Business Plan Helps to Grow Your Business

A business plan — both the exercise of creating one and the document — can grow your business by helping you to refine your product, target audience, sales plan, identify opportunities, secure funding, and build new partnerships. 

Outside of these immediate returns, writing a business plan is a useful exercise in that it forces you to research the market, which prompts you to forge your unique value proposition and identify ways to beat the competition. Doing so will also help you build (and keep you accountable to) attainable financial and product milestones. And down the line, it will serve as a welcome guide as hurdles inevitably arise.

Streamline Your Business Planning Activities with Real-Time Work Management in Smartsheet

Empower your people to go above and beyond with a flexible platform designed to match the needs of your team — and adapt as those needs change. 

The Smartsheet platform makes it easy to plan, capture, manage, and report on work from anywhere, helping your team be more effective and get more done. Report on key metrics and get real-time visibility into work as it happens with roll-up reports, dashboards, and automated workflows built to keep your team connected and informed. 

When teams have clarity into the work getting done, there’s no telling how much more they can accomplish in the same amount of time.  Try Smartsheet for free, today.

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The Top 10 AI Business Plan Generators: A 2024 Guide

Business Plan Template

A Free Business Plan Template

Ajay Jagtap

  • January 3, 2024

16 Min Read

ai based business plan generators

Let’s face it, drafting a business plan has never been a stroll in the park. Thanks to AI business plan generators, the process has become much easier and faster.

But, with only a few worthwhile options available, it’s challenging to find the right business plan generator that suits your requirements.

Don’t worry; we’ve got you covered. Here’s a list of the 10 best AI-based business plan generators to help you get started.

Sounds interesting? Let’s dive right in.

What is an AI Business Plan Generator?

AI business plan generator , in simple words, is software that uses AI algorithms to create a business plan based on user inputs.

Usually, these generators use natural language processing (NLP) algorithms to produce written content tailored to the specific needs of your business.

It’s a go-to solution for entrepreneurs and small business owners to build an investment-ready business plan without spending a fortune on expensive consultants.

Let’s take a closer look at these 10 AI-based business plan generators.

10 Best AI-based Business Plan Generators

1. upmetrics.

Upmetrics is the most efficient and reliable AI-powered business plan generator helping new-age entrepreneurs create comprehensive business plans with its advanced AI capabilities.

With Upmetrics AI Assistant , writing a business plan is now easier than ever.

It can help you generate text, rewrite content, shorten or expand on it, and it also allows you to change its tone.

The subscription includes 400+ fully customizable sample business plans , video tutorials, well-written documentation, and guides to ensure that you are on the right track.

So, how does this Upmetrics AI assistant work?

Well, it’s quite simple. Once you input text into a section of your plan using the Upmetrics business plan editor, you can choose the “Write with AI” option for AI assistance.

Or you can simply auto-write the entire text by promoting what you want to include in that section.

There’s a drop-down menu where you can choose from Auto Write, Auto Improve, shorten, expand, and Professional, persuasive, and academic tones to update your text.

Here is an extended list of features that Upmetrics AI assistant can provide:

  •  AI-powered text generation to write your business plan.
  • Content rewriting feature to polish or enhance content quality.
  • Content shortening option to briefly describe the context.
  • Expand upon your idea and introduce new concepts.
  • AI-powered assistant to help adjust the tone of your writing.
  • Accurate & reliable information depending on prompted information.
  • Real-time updates and cloud storage, eliminating the risk of data loss.
  • Intuitive, seamless, and responsive user interface.
  • Check and correct grammatical errors and spelling mistakes.
  • Business resources, video tutorials, and guides to help get started.

Check out Upmetrics’ pricing plans:

Remember, only Upmetrics premium users can access the AI assistance feature. Refer to a  pricing page for more information.

Mariia-Yevlash

The most helpful feature was to make a business plan out of a simple idea. Thankful for all the tools provided, especially AI which did a great impact on my work .

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2. Notion AI

Notion AI

As we all know, Notion is a productivity and note-taking app. It’s been around for a long time helping individuals and professionals create to-do lists, manage tasks & projects, and more.

Notion Labs Inc. has recently launched the all-new Notion AI which maximizes Notion’s existing capabilities with AI advancements.

Though it’s not a specifically developed AI business plan generator like Upmetrics, writing a business plan is one of many things you can do with Notion AI.

It can help you summarize text, offer key takeaways from your research, fix spelling & grammar, translate your text, edit tone & voice, and more.

Here’s a list of the pros and cons of Notion AI you should consider before purchasing.

  • Smart suggestions: Notion AI can provide intelligent suggestions based on user behavior.
  • Automation: It can help you automate various tasks reducing manual efforts.
  • Time-saving: Notion AI can produce content more quickly compared to human writers.
  • AI limitations: AI has its limitation, so it may not always provide accurate results.
  • Learning curve: understanding the platform with AI can be a steep learning curve.
  • Privacy concerns: Notion AI processes user data to personalize suggestions that may raise privacy concerns.

Check out the pricing plans for Notion AI. You may visit their pricing page for detailed information.

copy-ai

Copy AI is an AI-powered writing tool that uses NLP algorithms to turn your raw text into a persuasive copy. They cater to a wide range of users with 90+ tools and templates.

You can use Copy AI’s free business plan templates to write the initial draft of your business plan.

You may click here and log in to access the business plan template. Then, you’ll be prompted to fill out a few key details about your business.

This information may include details, such as business name, target market description, problems your business intends to solve, revenue model, etc.

Depending on your requirements, you may also select a friendly, persuasive, or professional tone for your content.

Pros and Cons

Here’s the list of pros and cons of using Copy AI you should consider before purchasing.

  • Ease of use: It has a simple and easy-to-use user interface.
  • Option to select specific tones: Users can select the specific tone for content. E.g., professional, friendly, etc.
  • Supports AIDA framework: Follows AIDA framework to create content tailored to the target audience.
  • Need lots of fact-checking: AI may sometimes produce incorrect information.
  • Highly random information: It may sometimes provide random information.
  • Generating long-form content can be frustrating: You may want to take one section at a time.

Copy AI has a free plan, but it only comes with 10 credits, so you will definitely need a subscription moving forward.

4. Beautiful AI

beautiful-ai

Beautiful AI is an AI-powered presentation software that helps individuals create exquisite business presentations in no time—with no design skills.

All you need to do is add text, and your content will transform into elegant presentation slides—no image resizing, no content placement, nothing. You may click here and log in to access the business plan template. Then, you’ll be prompted to fill out a few key details about your business. Here is why beautiful AI is a top pick for stunning presentations and business plans:

  • 65+ smart slide templates with pre-designed slide galleries.
  • Brand consistency with custom presentation themes.
  • Hundreds of customizable starter templates.

The best part about Beautiful AI is you never need to start a presentation or business plan from scratch. Ask Designerbot about the type of presentation you need, and it will create a first draft.

Here’s the list of pros and cons of Beautiful AI you should consider before purchasing.

  • Ease of use: Anyone with less or no design skills can create presentations using Beautiful AI.
  • Hundreds of starter templates: The platform has 100+ starter templates to get started.
  • AI-powered designs: Beautiful AI uses Artificial Intelligence to suggest layouts, fonts, and themes.
  • Limited customization: AI-generated templates may not always suit your requirements.
  • Limited functionality: AI can create professional-looking documents but may lack advanced animation.
  • No free plan: Beautiful AI does not have a free plan, so you must pay for membership.

Beautiful AI doesn’t have a free plan, but a free trial is available. Check out its pricing plans.

5. Wordkraft AI

wordkraft-ai

Wordkraft is an AI-powered writing tool that helps users create well-written and optimized content while saving time, money, and resources.

It uses GPT-3, one of the most sophisticated autoregressive language models available in the market, to generate AI content.

You can use Wordkraft’s free business plan template to create the first draft of your business plan.

Then, you’ll be prompted to fill out a few key details about your business. This information may include details, such as business name, goals, strategies, products and services you offer, financial projections, etc.

It also has a few advanced options that include—language, tone of voice, creativity level, and the number of variants needed.

  • User-friendly Interface: Wordkraft has a user-friendly interface that is easy to use and navigate.
  • Advanced options: It has advanced options to change language, tone of voice, and creativity.
  • Time-saving: AI can produce content more quickly than human writers.
  • Limited creativity: While Wordkraft AI can save time, it may not be as creative as humans.

Wordkraft AI has a free plan but comes with a 1,000-word limit, so you will definitely need a subscription moving forward.

You may visit Beautiful AI’s pricing page for detailed information.

A Bit AI is a cloud-document collaboration document and management platform that helps users create, share, and track digital documents.

The AI-powered tool allows users to add images text videos, cloud, and music files to their documents.

You can use Bit AI’s free business plan template to get started. Key benefits of using Bit AI to create a business plan:

Furthermore, you can embed Bit documents onto any website; you can interact with these documents and see them in their entirety.

Here’s the list of pros and cons of Bit AI you should consider before purchasing.

  • Collaboration: You can collaborate with your team to work on your business plan.
  • Pre-designed templates: a range of pre-designed templates to help you get started.
  • Automation: Bit automatically automates redundant and repetitive tasks.
  • Limited customization: Customization in pre-designed templates is limited.
  • No writing assistance: While Bit can provide templates for your business plan, it doesn’t provide any writing assistance.
  • No offline access: Bit AI is a cloud-based platform, so you must have a reliable internet connection to access documents.

Check out the pricing plans for Bit AI. You may visit their pricing page for detailed information.

7. Simplified

Simplified is an AI platform that uses artificial intelligence to help users generate and publish content quickly.

It’s not primarily an AI business plan generator, but it provides AI business plan templates that can be used to draft a business plan.

Besides business plan writing assistance, Simplified specializes in generating instant copies, creating long-form content, and developing visually appealing images and videos.

Here’s the list of pros and cons of Simplified you should consider before purchasing.

  • Accessibility: the tool is easily accessible even for non-technical users.
  • Recommendations: Simplified offers some intelligent suggestions based on the information provided.
  • Time and cost efficiency: It can help you save both time and money when writing a business plan.
  • Lack of customization: This tool can be valuable for beginners but not for detailed business planning.
  • Data dependence: The results heavily rely on the data. A lack of data may result in low-quality responses.
  • Limited understanding: the tool may lack industry dynamics and market nuances.

Check out the pricing plans for Simplified AI. You may visit their pricing page for detailed information.

8. Writecream (ChatGenie)

Like Wordkraft and Copy AI, Writecream is an AI-powered writing assistant that uses NLP algorithms to generate text-based responses to your query.

You can use Writecream’s free business plan generator to write the initial draft of your business plan. You may log in and select ChatGenie from the dashboard to kickstart the writing process.

Apart from business plan writing, you can use ChatGenie to generate textual content like cold emails, long-form blog posts, marketing copies, and digital ads.

Let’s have a look at the pros and cons of using Writecream for business plan writing.

  • Collaboration: Team members and advisors can collaborate in real time with Writecream.
  • Cost-effective: Writing a business plan with Writecream is less expensive than hiring consultants.
  • Not for detailed business planning: this isn’t suitable for detailed business planning with long-term financial forecasting.

Check out the pricing plans for Writecream. You may visit their pricing page for detailed information.

9. Cookup AI

Cookup AI is an ongoing database of AI tools where people can create and submit ChatGPT prompts for others to use. The platform has many AI tools for various tasks including SEO, programming, social media marketing, blogging, business planning, and more.

While it can help you create a decent business plan, you must provide a detailed description of your business and other pertinent information.

Remember, just like ChatGPT, this tool will only help you write a business plan. You will still need a business plan software or designing tool to structure this information and create a business plan.

While CookUp is 100% free to use, it may not be an ideal choice for detailed business planning & financial forecasting.

Here’s a list of the pros and cons of Cookup AI you should consider before purchasing.

  • Accessibility: Easily accessible tool, even for non-technical users.
  • Free to use: Cookup AI is a 100% free-to-use AI tool.
  • Limited information: CookUp AI’s response to queries is relatively limited compared to tools like Upmetrics.
  • Limited customizations: This tool may not be an ideal option for comprehensive business planning.

10. ChatGPT—A Free Alternative

ChatGPT  is the most efficient and reliable yet free AI chatbot online. It is an AI language model trained by OpenAI, using deep learning algorithms to generate human-like responses to text-based prompts.

Technically, ChatGPT is not a business plan generator, nor does it offer any business plan templates.

Still, it’s on the list because writing a business plan is one of many things; you can do using ChatGPT—that too for free.

We have created a detailed guide on using ChatGPT to write a business plan to help you get started.

While ChatGPT is entirely free to use, there is a $20 monthly fee for ChatGPT Plus.

You don’t have to go for a paid version; ChatGPT is just fine for you to get started. We have created a detailed guide on using ChatGPT to write a business plan to help you get started.

Learn more Use ChatGPT to write your business plan

Here’s the list of pros and cons of ChatGPT you should consider before purchasing.

  • Cost-effective solution: Writing a business plan with ChatGPT is more cost-effective than hiring expensive consultants.
  • Efficiency: ChatGPT can efficiently organize data, generate financial plans, develop marketing strategies, and more.
  • Limited context: It may have limited context about your business. You can train the model before prompting it to write.
  • Lack of empathy: An AI language model may lack emotional intelligence and compassion.

That’s it. That was the list of the 10 best AI business plan generators. Let’s discuss how to take the final call—choose a business plan generator.

How to Choose an AI Business Plan Generator Software?

Still, trying to figure out how to choose an AI business plan generator? You should consider a few crucial factors before making the final call.

  • Features: Understand your required features in an AI business plan generator. E.g., writing assistance, visual templates, etc. For instance, Copy.AI, Wordkraft, and ChatGPT may help you write content for your business plan, but they won’t offer the visual templates that BIT AI and Beautiful AI can.
  • Pricing: Look for AI-based business plan generators that offer the features you require at affordable prices.
  • Ease of use: Choose a tool that is easy to use and navigate for someone with basic knowledge of writing and editing.
  • Reviews and testimonials: Check review websites like Capterra and Trustpilot for reviews and testimonials about such tools.

That’s it for today. Keep these factors checked before choosing an AI business plan generator, and you will be alright.

In a nutshell, these AI-based business plan generators can create a foolproof business plan in a few hours that used to take days—maybe even weeks.

AI has its limitations, so make sure you don’t rely heavily on it. Therefore, combining AI and human expertise in a holistic approach to planning would be a smart move.

Pick one of these tools, create a business plan, and take your business to new heights.

Build your Business Plan Faster

with step-by-step Guidance & AI Assistance.

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  • Constructing a Management Section in Your Business Plan
  • Effective Ways to Conduct Market Analysis
  • Detailing Your Products and Services in Your Business Plan
  • Crafting a Thorough Business Plan Outline
  • Designing an Appealing Business Plan Cover Page
  • Including a Confidentiality Statement in Your Business Plan
  • Free Startup Business Plan Template

Frequently Asked Questions

Which ai can write a business plan.

There are only a few certain AI writing tools that can help you write a business plan. Here are some of the most trusted AI business plan writing assistants.

  • Wordkraft AI

What are the benefits of using AI-based business plan generators?

The benefits of using AI-based business plan generators are enormous. The following are just a few of the major ones.

  • Time saver: Using AI business plan generators, you can write a business plan in minutes, which would normally take a human several hours or days.
  • Cost-effective: Hiring an expert business plan writer or consultant can be expensive. AI business plan writing tools are the most cost-effective alternative for small business owners.
  • Access to Data: AI tools like ChatGPT can access various data sources, so conducting market research or finding valuable industry insights is way easier with Artificial Intelligence.

Some of the other benefits of using AI-based business plan generators may include increased efficiency, customization, and user friendliness.

How do AI business plan generators work?

AI Business plan generators usually use natural language processing (NLP) algorithms to generate text-based responses to prompts or instructions. Some of the most popular AI writing tools, such as Copy AI, Wordkraft AI, and Writesonic, use the GPT-3 module for AI writing.

Are there any free AI-based business plan generators available?

AI-based business plan generator tools like Copy AI and Wordkraft AI have free plans but with limited functionalities. If using these tools, you will definitely need a subscription moving forward.

However, you can use ChatGPT; it is free and the most reliable AI language model to help you write a business plan.

Can the AI business plan generator provide guidance on market research?

Yes, AI business plan generators like Upmetrics will soon be able to guide your market research to help you create a comprehensive and well-organized market research section.

Upmetrics is developing an AI business planning chatbot; you can ask it for feedback, suggestions, or guidance about your plan. Learn more about Upmetrics AI Assistant .

Is technical knowledge required to use an AI business plan generator?

No. If you are using an AI tool like Upmetrics, you don’t need any technical knowledge to be able to efficiently use the tool and create a detailed plan.

About the Author

best software to write a business plan

Ajay is a SaaS writer and personal finance blogger who has been active in the space for over three years, writing about startups, business planning, budgeting, credit cards, and other topics related to personal finance. If not writing, he’s probably having a power nap. Read more

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10 Simple Tips to Write a Successful Business Plan

"The absolute biggest business plan mistake you can make is to not plan at all." So writes Noah Parsons in his helpful blog post 17 Key Business Plan Mistakes to Avoid in 2023 . But how does one pull together all of the necessary components of a cohesive plan? It can feel overwhelming.

Eric Butow, CEO of online marketing ROI improvement firm Butow Communications Group, has teamed up with Entrepreneur Media to update the second edition of our best-selling book Write Your Business Plan to provide you with a simple, step-by-step process for creating a successful business plan. In the following excerpt, he gives ten tips to gather all of the critical information you will need to succeed.

1. Know your competition.

You need to name them and point out what makes you different from (and better than) each of them. But do not disparage your competition.

2. Know your audience.

You may need several versions of your business plan. For example, you may need one for bankers or venture capitalists, one for individual investors, and one for companies that may want to do a joint venture with you rather than fund you.

3. Have proof to back up every claim you make.

If you expect to be the leader in your field in six months, you have to say why you think that is. If you say your product will take the market by storm, you have to support this statement with facts. If you say your management team is fully qualified to make the business a success, be sure staff resumes demonstrate their experience.

Order Write Your Own Business Plan Now and Get 1 Month of Free Access to Business Planning Software Liveplan Premium

  • Easy step-by-step business plan generator
  • Built-in financial calculators
  • 500+ sample plans and templates

4. Be conservative in all financial estimates and projections.

If you feel certain you'll capture 50 percent of the market in the first year, you can say why you think so and hint at what those numbers may be. But make your financial projections more conservative. For example, a 10 percent market share is much more credible.

5. Be realistic with time and resources available.

If you're working with a big company before you buy a business, you may think things will happen faster than they will once you have to buy the supplies, write the checks, and answer the phones yourself. Being overly optimistic with time and resources is a common error entrepreneurs make. Being realistic is important because it lends credibility to your presentation. Always assume things will take 20 percent longer than you anticipated. Therefore, twenty weeks is now twenty-four weeks.

6. Be logical.

Think like a banker and write what they would want to see.

7. Have a strong management team.

Make sure it has good credentials and expertise. Your team members don't have to have worked in the field. However, you need to draw parallels between what they've done and the skills needed to make your venture succeed. Don't have all the skills you need? Consider adding an advisory board of people skilled in your field and include their resumes.

Write Your Own Business Plan is available now at Entrepreneur Bookstore | Barnes & Noble | Amazon

8. Document why your idea will work.

Have others done something similar that was successful? Have you made a prototype? Include all the variables that can have an impact on the result or outcome of your idea. Show why some of the variables don't apply to your situation or explain how you intend to overcome them or make them better.

9. Describe your facilities and location for performing the work.

That includes equipment you use to create your products and/or services. If you'll need to expand, discuss when, where, and why.

10. Discuss payout options for the investors.

Some investors want a hands-on role. Some want to put associates on your board of directors. Some don't want to be involved in day-to-day activities at all. All investors want to know when they can get their money back and at what rate of return. Most want out within three to five years. Provide a brief description of options for investors, or at least mention that you're ready to discuss options with any serious prospect.

To dig deeper, buy Write Your Own Business Plan and get 1 month of free access to business planning software Liveplan Premium.

10 Simple Tips to Write a Successful Business Plan

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" LivePlan earns the top spot on our list of best business plan software- and for good reason. LivePlan's slick and interactive service provides a step-by-step business plan approach, a rich collection of cloud-based features, and online learning tools."

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Brooke Hayes Software Reviewer

Some of our fans:

Here's how liveplan makes it surprisingly simple to write a convincing business plan.

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Plan faster and easier with AI

Ensure your business plan is the best it can be with the AI-Powered LivePlan Assistant.

  • Expand upon your ideas with just one click
  • Auto-adjust your tone to be more professional
  • Improve your writing and remove potential errors
  • Start your forecast quickly with suggested revenue streams
" LivePlan saved me a lot of time because the software does so much of the work for you. All you have to do is answer questions and plug in numbers."

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Brian Sung Owner of Tailored Coffee

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All the financials are calculated for you

LivePlan tells you exactly what kind of financial information you need to enter and then it does all the calculations automatically using built-in formulas. So you end up with razor-accurate financial statements that include all the tables that a lender or investor expects to see.

"Most people are intimidated by the financials, but LivePlan made planning simple, saved me so much time and just knowing that the calculations are correct makes this tool worth every penny! "

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Brandie Noelle Notals LLC

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If you ever get stuck, we'll help you out

Most LivePlan users are able to breeze through their first business plan. But if you ever have a question, there are 3 ways to get advice:

  • Call a LivePlan expert at 1-888-498-6136
  • Chat with our advocacy team. Try it now.
  • Browse 550 sample plans and tutorial videos
"LivePlan was user friendly, supportive and provided meaningful guidance all while remaining very flexible."

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Freja Nelson Freja Foods

Business plan theme selector.

Get a polished business plan that will impress lenders

Once your plan is done, you can:

  • Customize the look of your plan using 10 beautiful document themes
  • Download your plan as a PDF or Word doc so you share it easily
  • Print out your plan to get a clean, professional document

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35-day money-back guarantee. Start planning for $20 per month.

" LivePlan is incredibly simple and easy to use. The financial sales forecasting tool is very intuitive and makes writing a business plan more fun."

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Helga Douglas Owner, Svala

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LivePlan also gives you tools to help your new business succeed

Plan for any scenario.

What would happen if you hired more employees? What if sales are better than expected? Explore different situations with financial scenarios to see how decisions impact your numbers.

Get insights that will help your company grow

Are you charging enough? Will you meet your revenue goals? LivePlan's forecasting tool can answer these types of questions at a glance.

See how you stack up against competitors

Plug in your industry and where you're located, and LivePlan will tell you how you're doing compared to businesses just like yours.

You might be surprised by what new business owners have achieved with LivePlan

"Once the investor saw the plan, he believed in it. The interface was fresh and lively. The program gave wonderful examples of what should be in the different sections. I was able to take bits and pieces of those examples, but when I finished each section it sounded like I had written it. "I could just plug in information without having to do any of the math. That saved a lot of work. It made it very easy to get the business plan done. Once the investor saw my business plan on LivePlan, he immediately got back to me and said, 'I'm in.'"

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E'a Williams BE Fit! Tri Wellness, Chicago, IL

"LivePlan made an overwhelming task easy. LivePlan is incredibly easy to use. LivePlan's web-based nature allows me to log in anywhere (for me it was with my Mac Book Pro or iPad). At times writing a business plan can be a overwhelming task, especially when it comes to formatting and layout. LivePlan has made it easy to focus on putting your business ideas and goals on paper instead of fussing with all the other pesky stuff. I really liked how each section is defined and gives examples of what a quality business plan should look like."

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Mandie O'Neill Lucky Dog Daycare, Eugene OR

"I've raised $3M so far with LivePlan! I needed to write a business plan for my investors. I was going nuts trying to create charts and properly format them. Then a friend recommended LivePlan! The financials were so easy to use and I liked knowing the calculations were all correct. It helped me create a precise plan to confidently share with investors, and I've raised $3M so far!"

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Rachid Tajiouti Olive Oil USA, LLC, New York, NY

Our customers give LivePlan 5 out of 5 stars

Software is professional and user-friendly. Highly recommend to any Entrepreneur. Would not be where I am today without LivePlan.

Mar. 15, 2024

I've been using LivePlan to help me write top-tier business plans over the last 2 years. A prominent business plan writing company referred me to this site to help me produce the best business plans, to collaboratively support their clients. I've consistently had the best customer service, whether by email or live chat. Rapid responses that are helpful and this is one of the "hand-down" best platforms if you're looking for high-quality products and services - and AMAZING customer service. The price of the plan subscription is a tiny drop in the ocean compared to the results I've had with business plans created through LivePlan. Thank you for the products and services here that help me present well

Feb. 29, 2024

I've used Liveplan for two projects and I have been happy with both experiences. I've needed support twice and both experiences were quickly resolved using the chat function. I'd highly recommend Liveplan to anyone wanting to get serious about new projects. They have great customer support, and it can be a vital tool to anyone wanting to build something from the ground up.

Feb. 20, 2024

I needed a business plan for a government grant and the platform helped me tremendously. It was super organized with all the touchpoints I had to fill and the AI for improving the texts was also amazing. I did a finance plan a well and I had no clue beforehand in how to do it and that was excellent and everything I needed to submit a full case! I finished my plan and submitted it. I will definitely use it again for when i need another business plan. Thank you

Feb. 3, 2024

Extremely user friendly. I appreciated how intuitive it was and useful when I got stuck or when wanting to rephrase sections - AI was a true support for me then

Sep. 26, 2023

LivePlan helps put your ideas and beliefs on paper in a professional & organized manner. It guides you through planning, organizing, and monitoring your plan.

Sep. 2, 2023

I didn't only get value for the money paid but also got the best customer service experience as well. And of course, I'm sticking to LivePlan forever.

IsefConsult

Aug. 14, 2023

Using LivePlan since March 2015, I've created precise financial plans and business strategies for ventures of all sizes. It's the perfect tool for rapid evaluation, eliminating the risk of spreadsheet errors.

Jul. 7, 2023

It's a great Financial planning software. It can also sync with Xero and Quickbooks.

Jun. 17, 2023

If you are looking to create a Business Plan then don't waste any time, buy LivePlan as it will make your life so much easier and save you days of work!

Jun. 28, 2022

A great tool for entrepreneurs with non-finance backgrounds. We all have business ideas but long-term planning is a challenge. LivePlan makes it simple and easy.

Jun. 24, 2022

I had put off writing a plan because I dreaded the research and didn't really know what I was doing. Because of you, I now have a comprehensive, professional-looking business plan.

May 24, 2022

Overall experience with LivePlan is awesome. Very informative and easy to read. Plans come with templates and other examples you can use to build your plan.

Deonta from Texas

May 11, 2022

The best part for me is the feeling of confidence it gave me. It really made me feel like my goals and even dreams were actually possible to reach.

Mar. 29, 2022

LivePlan was a lifesaver when starting our business! It helped us make a business plan and financial projections to show others, and everyone was blown away.

The Silver Fern Shop

Jan. 27, 2022

best software to write a business plan

Small Business Trends

9 best bookkeeping software for small-business owners.

bookkeeping software for small business owners

In the fast-paced world of small business , keeping accurate and up-to-date financial records is not just a necessity; it’s the backbone of success. As the digital age continues to evolve, the tools and resources available to small business owners have expanded, offering a plethora of options to streamline operations, especially in the realm of bookkeeping.

Below, leaders from the Young Entrepreneur Council (YEC) share their invaluable insights on this very question:

“What would you say is the best bookkeeping software for small-business owners, and why? What features do you find most helpful? (Please do not name your own.)”

Here’s what YEC community members had to say:

1. QuickBooks Online

“For small-business owners, QuickBooks Online offers a robust suite of features to streamline financial management. Its intuitive interface simplifies tasks like invoicing, expense tracking, and bank reconciliation. The automation capabilities save valuable time, while customizable reporting provides insights for informed decision-making.” ~ Michelle Aran , Velvet Caviar

“I’m a big fan of Xero. Their bookkeeping software comes with a ton of great features that we use all the time. What I like most about it is I was able to integrate it with our current payroll provider, Gusto. This made it extremely easy to set up and track our finances without totally uprooting the system we had in place.” ~ Chris Christoff , MonsterInsights

3. FreshBooks

“There are several good bookkeeping software options for small businesses, but I’d suggest FreshBooks for its features and user-friendly interface. You can easily perform tasks such as tracking invoices and expenses as well as track time if you bill clients by the hour. They also offer several plans to meet the needs of small, medium, and larger businesses. ” ~ Kalin Kassabov , ProTexting

4. ZipBooks

“If you’re just starting out, I suggest ZipBooks. This basic bookkeeping tool is free if you want to do things like send invoices and accept digital payments. There are also paid options with tons of other features that are relatively affordable, with $35 a month being the most expensive. Overall, it’s a great pick if you’re trying to get comfortable in the world of digital finance and bookkeeping.” ~ John Turner , SeedProd LLC

“I think the best bookkeeping software for small businesses is Zoho Books. Zoho comes with a variety of features, like accounting and bank reconciliation, expense management, invoicing and inventory management, documentation, project management, and more. The software doesn’t have a steep learning curve and offers scalability, making it an ideal choice for small and growing businesses.” ~ Stephanie Wells , Formidable Forms

“I really like Harvest for time tracking and invoicing in my freelance work. It’s easy to use for tracking tasks and billing clients accurately. I appreciate its integration with tools like Asana and Slack, which boosts my productivity. The mobile app is handy for tracking time anywhere. Its reporting features also help me make informed business decisions.” ~ Bryce Welker , Accounting Institute of CPAs

“Wave is a great bookkeeping option for small business owners. You can quickly and easily create invoices, accept payments, track finances, and even pay your employees. I would say that this is a simple software that’s geared toward service-based businesses as opposed to those who sell physical goods.” ~ Daman Jeet Singh , FunnelKit

“One of the best bookkeeping software’s I have seen is Odoo. It’s ideal for a small-business owner because its completely scalable. Its a robust ERP that is priced affordably per user. It gives you the same (or more) bells and whistles as the six-figure software companies but is priced 1% of the cost. Its also open source so customizations can be made to meet all needs ” ~ Raymond Kishk , Interstate Air Conditioning & Heating

9. Expensify

“Small business owners quickly learn just how much paperwork, receipts, and expenses they need to keep track of after starting their business. One of the most helpful tools you can use to stay organized is a receipt tracker app like Expensify. This will help you manage your expenses, track receipts, record vendors, etc., and helps you easily organize paper receipts digitally.” ~ Jordan Conrad , Writing Explained Business Writing

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COMMENTS

  1. 10 Best Business Plan Software In 2024

    The Best Business Plan Software of 2024. Wrike: Best overall. Smartsheet: Best for goal management. LivePlan: Best for financial forecasting. Aha!: Best for roadmapping. Bizplan: Best for ...

  2. 5 Best Business Plan Software in 2022

    Six-month plan: $18 per month, billed every six months. Pay-as-you-go plan: $20 per month, billed once every month. 2. GoSmallBiz. Best for multiple business management tools in one platform. Next ...

  3. 8 Best Business Plan Software for 2024

    Pricing options: Create your first 5 designs with Venngage for free and upgrade to a premium or business plan for $10/month per user and $24/month per user respectively to enjoy premium features. For larger teams who need extra support, controls and security, the enterprise plan starts from $499/month for 10+ seats.

  4. 5 Best Business Plan Software and Tools 2023

    5 Best Business Plan Software and Tools in 2023 for Your Small Business. Entrepreneurs who write formal business plans are 16% more likely to achieve success than entrepreneurs who don't. 1 This software can help. Data as of 3/13/23. Offers and availability may vary by location and are subject to change.

  5. The Best Business Plan Software

    The 10 online business plan software solutions examined in this roundup —Atlas Business Solutions Ultimate Business Planner 5.0, Enloop, EquityNet, NetEkspert iPlanner.NET, OnePlace, Palo Alto ...

  6. 7 Best Business Plan Software for Startups in 2024

    Best Business Plan Software: LivePlan. LivePlan is the overall best business plan tool, offering a large number of features at an affordable price. Visit LivePlan. 1. LivePlan - $15/month to $30/month. We love LivePlan overall because it offers great value at an affordable cost.

  7. Best Business Plan Software in 2024: Compare Reviews on 20+ Products

    Top Business Plan Software. Choose the right Business Plan Software using real-time, up-to-date product reviews from 96 verified user reviews. ... Best Business Plan Software. Business plan software is used to create, manage, and share business plans for new companies or investments. ... The Business Plan Shop makes it easy to write a ...

  8. Best business plan software of 2024

    Here's how it works. Best business plan software of 2024. The best business plan software makes it simple and easy to plan your business finances in order to present them to a bank or investors ...

  9. 6 Best Business Plan Software Platforms (2024)

    G2: 3.7/5. Integrations: Xero, QuickBooks. Bizplan is a business plan software that caters to small businesses and startups seeking external investment. The platform makes connecting with potential investors easy, and allows users to easily publish a business plan on Fundable, a popular crowdfunding platform.

  10. Best Business Plan Software

    Why we chose it: IdeaBuddy is an affordable business plan software with many features to support idea generation and evaluation, including one-page plan summaries and a whiteboard for simplified collaboration. IdeaBuddy is a good entry point into the world of business planning software. It's free to begin using and has scalable plan options ranging from $5 for the Dreamer package to $22 per ...

  11. 6 Best Business Plan Software

    The six best business plan software for 2020 are: LivePlan: Best overall business plan software for small and medium sized businesses. BizPlan: Best for tech startups that need a business plan that appeals to investors. Enloop: Best for entrepreneurs short on time and need recommended biz plan content.

  12. Best Business Plan Software Review (2024 Update)

    Traditional business plan software LivePlan. LivePlan is a cloud-based business plan software, which comes with a step-by-step wizard that guides you through writing the plan on autopilot. In turn, you can focus on the content, leaving the format of your plan to the software. LivePlan can track day-to-day performance using a live dashboard.

  13. Business Plan Software

    This article provides a brief overview of business planning, defines what business plan software is, covers other key questions related to business plan writing software, and reviews 5 business plan software options. Working on a budget? Take a look at the best free software options to help you write a great plan. Quick Links. Business Planning ...

  14. 10 Best Business Plan Software and Tools in 2024

    4. IdeaBuddy. Ideabuddy is an innovative business plan software helping new-age entrepreneurs turn their ideas into successful business plans. Customizable templates, industry-based guides, and streamlined idea and business plan creation make it one of the most user-friendly applications on the list.

  15. The World's Leading Cloud-Based Business Plan Software

    "LivePlan earns the top spot on our list of best business plan software—and for good reason. LivePlan's slick and interactive service provides a step-by-step business plan approach, a rich collection of cloud-based features, and online learning tools." ... At times writing a business plan can be a overwhelming task, especially when it ...

  16. Create a Business Plan in Minutes

    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 ...

  17. How to Write a Simple Business Plan

    Write the Executive Summary. This section is the same as in the traditional business plan — simply offer an overview of what's in the business plan, the prospect or core offering, and the short- and long-term goals of the company. Add a Company Overview. Document the larger company mission and vision.

  18. Your AI Business Plan Generator

    Generate stunning ready-to-go business plans quickly. First, log in to your Visme dashboard. Then, access the business plan template section by clicking on Create New -> Project -> Documents -> Business Plan. On the results page, scroll down and choose the "Generate with AI" option. A popup will appear where you must type in a prompt ...

  19. Top 10 AI Business Plan Generators (Free & Paid) in 2024

    6. Bit AI. A Bit AI is a cloud-document collaboration document and management platform that helps users create, share, and track digital documents. The AI-powered tool allows users to add images text videos, cloud, and music files to their documents. You can use Bit AI's free business plan template to get started.

  20. 10 Simple Tips to Write a Successful Business Plan

    1. Know your competition. You need to name them and point out what makes you different from (and better than) each of them. But do not disparage your competition. 2. Know your audience. You may ...

  21. Online Business Plan Software

    Start planning for $20 per month. All subscriptions come with a 35-day money-back guarantee. " LivePlan earns the top spot on our list of best business plan software- and for good reason. LivePlan's slick and interactive service provides a step-by-step business plan approach, a rich collection of cloud-based features, and online learning tools."

  22. 9 Best Bookkeeping Software for Small-Business Owners

    7. Wave. "Wave is a great bookkeeping option for small business owners. You can quickly and easily create invoices, accept payments, track finances, and even pay your employees. I would say that this is a simple software that's geared toward service-based businesses as opposed to those who sell physical goods." ~ Daman Jeet Singh, FunnelKit.