Bizplan Alternatives

Bizplan is part of the business planning software space, offering tools to create structured business plans with a step-by-step approach. However, it does not meet the needs of every entrepreneur. Fortunately, there are Bizplan alternatives that cater to different business requirements and offer more advanced features for specific use cases.

Business planning software helps you transform ideas into an actionable plan in a matter of hours. These tools simplify the creation of polished, investor-ready plans, automate financial forecasting, and provide valuable insights for tracking performance and making confident decisions. Whether you’re a startup or an established business, business planning software ensures your business plans are aligned with market standards.

Bizplan Alternatives: Why Consider Them?

While Bizplan is a great choice, it does have some limitations:

• No AI Assistance: Bizplan does not offer AI-powered business plan writing, meaning users must write their entire plan manually. This can be time-consuming and may result in lower-quality plans compared to AI-assisted tools.
• Basic Financial Modeling: The financial planning tools in Bizplan are not as comprehensive as those in other software. It lacks driver-based financial modeling, which is essential for creating accurate and useful financial plans.
• No Industry-Specific Templates: If you’re not a financial expert, building a financial model for your business can be difficult. Industry-specific templates help streamline this process, but Bizplan does not offer them.
• Limited Performance Tracking: Bizplan does not provide advanced performance tracking features. Businesses that need to monitor specific KPIs and create investor reports may find better alternatives.

Bottom line: If you need a tool with AI-powered business planning, strong financial forecasting, and better investor reporting features, there are better options than Bizplan.

Best Bizplan Alternatives

Here are the top alternatives to Bizplan and why they might be better choice:

1. Modeliks : Offers superior financial modeling, AI-powered business planning, industry-specific financial models, and custom investor reports.
2. Liveplan : A solid all-around choice with guided business planning but with limited financial modeling.
3. Upmetrics : Well integrated AI across the planning process. From business plan and pitch deck writing to market research and financial planning.
4. Cuttles : Simplifies business planning for startups with an easy-to-use interface.
5. IdeaBuddy : Provides a one-page business model canvas for quickly outlining business ideas.
6. Enloop : Scores business plans in real-time to help refine and improve them.          

Detailed Assessment of Each Business Planning Alternative

Below is a detailed assessment of each Bizplan alternative. I used the following criteria for evaluating of each alternative: ease of use, quality of business plan output, financial planning capabilities, performance tracking features, integrations, investor reporting capabilities and pricing. Detailed explanation of each criteria is shown in the table below.

1. Modeliks

Positives :

• Ease of Use : Modeliks offers interactive AI-guided business planning, providing real-time improvement suggestions tailored to your specific business.
• Financial Planning : Unlike Bizplan, Modeliks provides driver-based financial modeling to ensure logical, accurate, and investor-ready financial plans.
• Industry-Specific Financial Model Templates : rebuilt templates capture the operational logic of your business, allowing even non-financial experts to create professional financial plans.
• Tracking and Reporting : Offers predefined and custom dashboards, KPI tracking, and investor reporting tools.

Negatives :

• A slight learning curve due to its powerful financial planning capabilities.
• Accounting system integrations not yet available in Modeliks at the time of writing this article. (coming soon in Q1 2025).

2. LivePlan

Positives :

• Well-Structured Business Plans: Step-by-step approach to business planning.
• Investor-Ready Pitch Decks: Provides tools to create basic investor presentations.
• Financial Forecasting: Decent forecasting tools, though they lack advanced driver-based modeling.

Negatives :

• No custom financial dashboards.
• Limited tracking of specific KPIs.
• Pitch decks are mostly text-based, which may not be ideal for investors looking for quick insights.

3. Upmetrics

Positives:

• AI Assistance: Helps users create business plans, pitch decks, market research, and financial plans faster.
• Easy to Use: Simple interface for smooth navigation.
• Templates and Design: Over 600 templates available, although their AI assistance has made many templates unnecessary.

Negatives:

• Financial planning tools are not as strong as Modeliks or LivePlan.
• Limited performance tracking and investor reporting features.

4. Cuttles

Positives :

• Startup-Centric : Interactive tools simplify planning for startups.
• User-Friendly : Modern, clean interface with helpful guides.

Negatives :

• Limited financial planning and no reporting features.
• No AI assistance, so you need to write your whole plan by yourself, which can be time consuming and of lower quality.
• Best suited for startups, less effective for existing larger businesses.

5. IdeaBuddy

Positives :

• Business model canvas functionality to quickly build a business model and define the key elements of your business, before diving into details.
• Collaboration Tools : Nice whiteboard feature for team brainstorming.
• Simple validation tool to assess the quality of your idea and determine if it is a good opportunity or not.

Negatives :

• Lacks advanced financial planning and performance tracking tools.
• Limited to smaller or creative projects.

6. Enloop

Positives :

• Real-time Performance Scoring of your business plan to improve your odds with a higher score.
• Automation : Automates much of the planning process for quick results. Especially helpful in explaining the financial plans as part of the business plan.

Negatives :

• Basic templates and financial models lack depth.
• No advanced tracking, reporting, or pitch deck tools.

Conclusion

Bizplan remains a solid option for business planning, but its lack of AI assistance, financial modeling, and advanced tracking tools make it less suitable for businesses looking for an all-in-one solution.

Alternatives like Modeliks stand out for their AI-driven planning , robust financial forecasting , and investor reporting features, while Upmetrics, LivePlan, and Enloop offer more affordable and simpler solutions. For startups, Cuttles and IdeaBuddy provide creative, user-friendly tools.

The right choice depends on your business’s specific needs, budget, and planning goals. Exploring these Bizplan alternatives will help you find the best tool to bring your vision to life.