What is It?
LivePlan is a cloud-based business planning and financial forecasting software designed to assist entrepreneurs and small business owners in creating professional business plans, securing funding, and managing growth. It offers step-by-step guidance, AI-powered assistance, and automated financials to streamline the planning process.
Key Features
AI-Powered LivePlan Assistant: Enhances writing by providing AI-generated suggestions, adjusting tone, and improving grammar and spelling.
Step-by-Step Guidance: Simplifies the business planning process with clear instructions and examples.
Financial Forecasting: Automatically calculates financial projections, including profit and loss, cash flow, and balance sheets.
550+ Sample Business Plans: Offers a vast library of industry-specific sample plans for reference.
One-Page Pitch: Enables users to create concise pitches to communicate business ideas effectively.
Entrepreneurs: To develop comprehensive business plans for startups.
Small Business Owners: To strategize growth and manage financials.
Consultants and Coaches: To assist clients in business planning.
Educators and Students: To teach and learn about business planning processes.
Investors and Lenders: To evaluate business proposals and financial projections.
Securing Funding: Creating detailed business plans to present to investors or banks for financing.
Strategic Planning: Outlining business strategies and setting objectives for growth.
Financial Management: Forecasting financial performance and managing budgets.
Performance Tracking: Monitoring actual business performance against planned objectives.
Educational Purposes: Teaching business planning and financial forecasting in academic settings.
1
Access the Platform: Visit liveplan.com and sign up for an account.
2
Enter Business Details: Provide information about your business concept, market, and strategies.
3
Use AI Assistance: Leverage the AI-powered assistant to enhance your content and financial projections.
4
Create Financial Forecasts: Input financial data; LivePlan will generate forecasts and reports.
5
Customize Your Plan: Utilize sample plans and templates to tailor your business plan.
6
Export and Present: Download your plan in PDF or Word format for presentations or funding applications.
Standard Monthly Subscription: $15/month for the first 3 months, then $20/month thereafter.
Premium Monthly Subscription: $30/month for the first 3 months, then $40/month thereafter.
Standard Annual Subscription: $12/month (billed annually).
Premium Annual Subscription: $24/month (billed annually).
Comparision with Competitors
LivePlan distinguishes itself with its AI-powered assistant, extensive sample plan library, and user-friendly interface. While alternatives like Upmetrics and Bizplan offer similar features, LivePlan's integration of AI assistance and automated financial calculations provides a more streamlined planning experience.
User-Friendly Interface: Intuitive design simplifies the business planning process.
AI Assistance: Enhances writing quality and financial projections.
Comprehensive Sample Library: Access to over 550 sample business plans.
Automated Financials: Eliminates the need for complex spreadsheets.
Cloud-Based: Accessible from anywhere with an internet connection.
Internet Dependency: Requires an active internet connection to use.
Limited Customization: Some users may find customization options restrictive.
Performance Issues: Some users have reported slow performance andlimited customization options.
LivePlan is a robust and user-friendly business planning tool suitable for entrepreneurs and small business owners seeking to create professional business plans and financial forecasts. Its AI-powered assistance, extensive sample library, and automated financials make it a valuable resource for both new and established businesses. While there are some limitations, such as internet dependency and customization constraints, the overall functionality and support provided by LivePlan make it a worthwhile investment for strategic business planning.
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