Top 5 AI Business Plan Generator for Startups in 2024

ai business plan generator

Creating a business plan is one of the most crucial steps for any startup. A well-crafted business plan helps secure funding and serves as a guide for strategic growth. Fortunately, AI business Plan Generator make this process easier by providing automatic templates, market insights, and financial projections. This article will cover the Top 5 AI Business Plan Generators for startups in 2024, including free and paid options, along with their pros and cons.

Let’s dive into our list of top AI business plan generators!

1. Idea Engine

Idea Engine is a powerful free AI business plan generator specifically designed for startups. Its simplicity and focus on turning your startup ideas into reality make it stand out. All you need to do is describe your startup idea in a few sentences, and Idea Engine enhances it by providing a complete business plan. Whether you’re in tech, retail, or any other industry, this tool helps build a professional plan quickly.

Key Features:

  • Free to use for all users
  • AI-driven enhancement of startup ideas
  • Industry-specific business plans
  • Easy-to-use interface for beginners

Pros:

  • Completely free with no hidden charges
  • Simplifies the business planning process for new entrepreneurs
  • Provides a structured, professional business plan based on minimal input

Cons:

  • Lacks advanced financial tools compared to paid competitors

Why Use It?

 If you’re a startup with a tight budget and looking for a free and simple business plan generator AI, Idea Engine is an excellent choice.

Build Your Business Plan Faster with Idea Engine

2. LivePlan

LivePlan is a premium AI-powered tool for generating professional business plans. It is suitable for startups that need detailed financial forecasting and investor-ready plans. LivePlan provides step-by-step guidance, allowing you to create a plan quickly, even if you’re a first-time entrepreneur.

Key Features:

  • Step-by-step business plan creation
  • Real-time financial forecasting
  • Integration with QuickBooks
  • Customizable templates

Pros:

Cons:

  • Paid tool, with no free version (Pricing starts at $20 per month)
  • It may be too detailed for startups in the early idea stages

Why Use It?

 If your startup requires in-depth financial projections and you’re preparing for serious investor pitches, LivePlan is a solid investment.

3. BizPlan

BizPlan is a paid business plan generator tool that’s part of the Startups.com suite. It offers an intuitive drag-and-drop editor along with AI-driven suggestions to improve your plan. While BizPlan is not free, it provides access to fundraising tools and expert advice, which can be highly valuable for growing startups. There is no fully free version, but BizPlan offers comprehensive paid plans starting at $29 per month, including access to other tools within the Startups.com platform, such as Fundable and Launchrock.

  • Key Features:
    • Drag-and-drop business plan builder
    • AI suggestions for plan refinement
    • Financial tools for budgeting and forecasting
    • Part of the Startups.com suite, including fundraising support
  • Pros:
    • User-friendly editor with AI assistance
    • Access to additional startup resources via Startups.com
    • Designed for startups seeking investor capital
  • Cons:
    • No free version; starts at $29/month
    • Not as customizable as some premium competitors

Why Use It?
If you’re ready to invest in a premium business plan generator that includes fundraising support and expert advice, BizPlan is a great option​.

4. Enloop

Enloop is another free AI business plan generator that offers a unique scoring system to evaluate the viability of your business plan. It provides both free and paid options. It automatically generates financial ratios and compares them to industry standards, making it easier for startups to understand how well their business might perform. It offers a 7-day free trial, during which you can explore its capabilities, after which it requires a subscription.

Key Features:

  • 7-day free trial
  • Performance scoring system based on financial data
  • Automated financial forecasts and reports
  • Industry comparison tools for validation

Pros:

  • Offers a trial period to explore features
  • AI-driven insights help validate business performance
  • Automatically generates financial projections and ratios

Cons:

  • Paid tool after the 7-day trial (starting at $19 per month)
  • Lacks free access beyond the trial period

Why Use It?

Enloop is a great tool for startups that want to evaluate their business’s financial health, with the option to explore it during the 7-day free trial before committing to a subscription.

5. Upmetrics

AI business Plan Generator

Upmetrics is a comprehensive business planning tool that offers AI-powered assistance for creating and refining business plans. It features industry-specific templates and collaboration tools, making it an excellent team choice. While it doesn’t offer a completely free version, Upmetrics provides a free demo with limited access, allowing you to explore the platform before upgrading to a paid plan.

Pricing:

After the demo, you can choose between several paid tiers based on your needs:

  • Starter Plan: $12/month (or $9/month if billed annually), which provides basic tools for creating business plans.
  • Team Plan: $19/month (or $14/month if billed annually), ideal for teams needing collaboration features and multiple workspaces.
  • Premium Plan: $64/month (or $48/month if billed annually), offering unlimited workspaces, strategic planning tools, and advanced financial forecasts.

Each plan offers progressively more advanced tools for creating detailed business plans and financial projections.

Key Features:

  • AI-powered business plan creation
  • Collaboration tools for teams
  • Advanced financial forecasting capabilities
  • Industry-specific templates

Pros:

  • Free demo available to explore the platform
  • Ideal for teams with collaborative features
  • Easy to use, even for beginners

Cons:

  • Limited access to the free demo
  • Advanced features require a paid subscription

Why Use It?

 The paid plans are essential if you’re a startup looking for more advanced tools like AI-generated financial forecasting or strategic planning. However, if you want to explore the platform’s functionality without committing, the demo is an excellent way to get a feel.

Whether you need a free business plan generator like Idea Engine (ai business plan generator free) or a more advanced paid platform like LivePlan, these AI-powered business plan generators are designed to simplify creating a startup business plan. Depending on your budget and business needs, you can choose between fully free tools or premium services that offer advanced features and financial insights.

Start planning your startup’s success with these tools, and you’ll have a solid foundation for achieving your business goals in 2024!

Use Codeventure’s Startup Business Plan Generator Today!

By Mekha Chandran A M

Mekha Chandran is a startup consultant helping startups navigate the challenges of launching and scaling their businesses. With a focus on connecting entrepreneurs with the right technical cofounders and crafting effective business strategies, Mekha is dedicated to turning innovative ideas into successful ventures. With a passion for helping startups find their footing, she shares insights on finding technical cofounders, developing business strategies, and achieving growth. Through her articles, Mekha provides practical advice to guide entrepreneurs on their journey to success.

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