Top 6 Promet AI Alternatives & Competitors

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Who thought one day we would be leveraging AI to write our business plans?

Yet here we are—feeding answers into a tool and watching it spit out a business plan faster than we can finish our morning coffee.

While the fascination with AI business plan generators is real, can you trust all the tools out there? More specifically so PrometAI?

Well, PrometAI is a reliable business plan generator. But it’s a bit pricey and comes with a few limitations that could leave your business plan feeling a little... incomplete.

That’s probably why you’re here—hunting for better PrometAI alternatives that would support your business planning goals effectively.

Let’s go hunting.

Why should you consider alternatives to Promet AI?

PrometAI is an AI business plan generator that creates the first viable draft of your business plan in about a few minutes. All it requires is for you to answer a few business-related questions and this tool will generate a structured plan that can be detailed and edited as needed.

While it’s great at producing decent first drafts, PrometAI lacks key features for comprehensive business planning.

In terms of business plans, it offers limited templates and customization options. Further, it falls short in collaboration features and customer support—both crucial for refining and finalizing business plans.

Understand that a business plan is an important document. Building it on superficial details will leave gaps in strategy and execution.

That’s why, it’s better to consider prometAI alternatives that offer far more functionality and business planning resources at cost-effective rates.

Top reasons to consider PrometAI alternatives

  • Limited customization: Minimal layout flexibility
  • Lacks collaboration features: Built for solo planning
  • Basic financial features: No complex forecasting
  • Generic templates: Lacks industry-specific depth
  • No dedicated support: You are on your own
  • No integrations: Doesn’t integrate with accounting software.
  • Expensive: Not for startups with tight budgets.

6 Best PrometAI competitors & alternatives

I tried, tested, and discovered a couple of AI business planning tools that are more helpful than PrometAI. These tools have an edge over PrometAI in terms of features, functionality, ease, or pricing.

Before we discuss the alternatives in detail, here’s a quick overview of the top alternatives to help you get started:

Logo Tool Pricing Best for Key features
Upmetrics Upmetrics $7 onwards In-depth business planning from scratch Customizable templates, financial modeling, pitch deck creator
Bizplanr Bizplanr Free Rapid planning and idea validation Automated business plan creation
PlaninitAI PlaninitAI $39.99/plan AI-first business planning Prompts and suggestions to answer the questions effectively
15Minute Plan 15Minute Plan $69 lifetime access Developing plans in different languages SBA-approved business plan templates and talk-to-plan editing feature
PlanPros PlanPros $15/month Comprehensive planning and strategy Business plan in 12 minutes
Venturekit Free Strategic planning Diverse content forms and Talk to AI learning feature

1. Upmetrics

Upmetrics is an innovative, collaborative, and comprehensive business planning tool designed to help you plan and strategize for the long-term success of your business.

In addition to its AI business plan creation, Upmetrics excels in accurate financial forecasting, strategic planning, scenario testing, and pitch deck creation. It’s an all-in-one tool for your business planning needs.

However, Upmetrics comes with a bit of a learning curve. Users need to fiddle around and learn to make the most of its extensive resources and features.

Compared to PrometAI, Upmetrics is not only cost-effective but also resource-intensive. It just lags behind in the AI image generation capabilities that PrometAI offers.

Key features

  • AI assistant to help with writing, forecasting, and market research
  • AI generator to craft an entire business plan with minimal input
  • 400+ industry-specific business plan samples
  • Supports up to 7 years of financial forecasting
  • Reliable and prompt customer support
  • Planning, consulting, and review services
  • Collaborative workspaces to involve core members in the planning process

Limitations

  • AI hallucination especially in the case of market research
  • Limited compatibility with CRM software
  • No dedicated mobile app
  • The starter pack doesn’t include AI features

Pricing

Starter $7/month
Premium $14/month
Professional $37/month

Ratings

Trustpilot: 4.8

G2: 4.8

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2. Bizplanr

Bizplanr is a simple AI business plan generator that can craft the first draft of your business plans in under 10 minutes.

Its guided, questionnaire-based approach is intuitive and perfect for first-time business planners. Rather than overwhelming the users with complicated questions, Bizplanr simplifies the process with prompts, examples, and its library of extensive business plan samples.

Bizplanr is perfectly suitable for idea validation and lean business planning. However, it has limited resources for advanced customizations, financial modeling, and long-term business planning.

Compared to PrometAI, Bizplanr allows you to build and download unlimited plans with no limit on AI suggestions. However, PrometAI paid plans (specifically pro plan and higher) offer better features to support strategic and financial planning.

Key features

  • Collection of industry-specific business plan samples for reference
  • Allows quick idea validation before you invest resources
  • Develops a detailed plan including all the essential sections
  • Creates an entire plan for free, not just executive summaries
  • Mobile app to create a plan on the go
  • Downloadable plans in PDF format

Limitations

  • Lacks resources to guide with in-depth strategic and business planning
  • Doesn’t support (free version) detailed and assisted financial modeling
  • Not suitable for team planners

Pricing

Basic Free
Upmetrics Starts at $7/month

The PrometAI paid plans are expensive ($55-$455 monthly). For $7 a month, Bizplanr’s paid plan is much more functional and cost-effective.

Ratings

Google Play: 5 stars

3. Plannit AI

Plannit AI is a business plan generator that uses the latest AI technology to create fully detailed business plans for you.

Like Bizplanr, it uses a questionnaire method to collect relevant business details and offers helpful prompts and suggestions to fuel new ideas.

However, Plannit AI offers very limited resources, especially the samples you can refer to. Additionally, its AI fails to address the unique nuances of your niche business creating more of a generic and less-driven plan.

Now, while the financial modeling of PlannitAI isn’t top-notch, it’s better and easier to follow than PrometAI. Besides, the tool is more affordable and suited for entrepreneurs with limited business planning needs.

Key features

  • Guided questionnaire with prompts and suggestions to walk you through the business planning process
  • Up to 3 years of detailed and accurate financial projections
  • Real-time insights on industry trends, target audience, and competitive landscape
  • Supports over 150+ world languages
  • Dedicated collaboration features to invite team members

Limitations

  • A rigid template structure leaves little room for customization
  • Financial forecasting is a bit complicated
  • Lacks the depth required for niche industries

Pricing

Pro $39.99/ plan
Enterprise Custom

Ratings

Trustpilot: 4.2

4. 15MinutePlan

As the name says, it takes 15 minutes to generate a plan using this tool. It’s AI-powered, easy to use, and requires minimal input from your end. Perfect for a quick plan to impress investors and secure funding.

15MinutePlan is trained on vast quantities of internet, book-based resources, and business plan examples. It promises to prepare a contextually relevant plan and offers quick options to edit, review, and refine the plan.

Yet, there have been many instances of it producing repetitive and superficial content that takes more than 15 minutes to edit.

Compared to PrometAI’s basic plan, 15MinutePlan is more expensive. While it's super quick and easy, we’d recommend considering 15MinutePlan alternatives like Bizplanr.

Key features

  • SBA-approved business plan templates
  • Talk to plan feature to edit sections of your plan effectively
  • Supports 16 world languages
  • Strikes a perfect balance between AI and human content

Limitations

  • Fails to generate detailed financial forecasts
  • Has a limited and unsatisfactory customer support
  • Lacks resources to support in-depth planning, i.e. strategic templates, SWOT tools, etc
  • Sometimes, it generates a cluttered and superficial plan

Pricing

Starter package $69 Lifetime access
Professional package $99 Lifetime access

Ratings

Trustpilot: 4.4

5. PlanPros

PlanPros gathers your business ideas through a systematic questionnaire and transforms them into a professional business plan in just 12 minutes.

It’s quite helpful in mapping the long-term business, operations, and marketing strategies to fuel the long-term success of your business. PlanPros also offers downloadable templates that can be edited to suit your unique needs.

While a useful business plan generator, it does no better job than ChatGPT at framing your content. It retains your unpolished language and fails to make professional adaptations.

Still, compared to PrometAI, PlanPros excels with its refined and targeted questions. It helps you add more substance and depth to your business plan ensuring that the final plan feels well-thought-out and aligned with your goals.

Key features

  • Standard business plan templates offering an overall overview of your business
  • Free trial to help you test their services
  • Entrepreneurial courses to enhance your knowledge of fundraising, leadership, and financial management
  • Develops up to 5 years of financial projections

Limitations

  • Limited customization options compared to other tools
  • Overly reliant on AI for critical business aspects

Pricing

Starter $15/month
Professional $27/month

Ratings

NA

6. Venturekit

Venturekit is a one-click AI business plan creator that creates comprehensive business plans using minimal inputs. What’s more remarkable is its ability to adapt to your tone without requiring extensive prompting.

VentureKit’s plans are free of fluff and filled with clarity. You can observe that as it churns out perfectly relevant sections of executive summary, SWOT analysis, competitive analysis, and marketing strategy for your business plan.

However, Venturekit is limited geographically and is suited only for generic businesses. For micro-niche businesses, VentureKit competitors like Upmetrics or PlanPros can prove to be more helpful.

If you’re looking for better output and more ease than PrometAI’s free version, give VentureKit a try. It has nearly the same set of features but offers a more streamlined process.

Key Features

  • Generates polished and refined content than its competitors
  • Chat with AI feature to get quick answers to your business-related queries
  • 50+ templates to create blog posts, social media copies, sales copy, and marketing material
  • Easy questions and prompts to help you answer them

Limitations

  • While it generates polished content, the information seems to be produced out of thin air
  • Limited customization options
  • Lacks in-app guidance and clear instructions
  • Clunky navigation makes it a mess

Pricing

Basic Free
Pro $16/month

Ratings

Trustpilot: 4.1

Tips to choose the best PrometAI alternatives

Now that we have discussed the alternatives, how exactly do you pick the one suitable for your business?

After all, most of these tools are easy to use, follow a structured questionnaire method, and generate a plan in 10 minutes.

Well, we have a few tips that can help you choose a tool most suited for your business.

1. Know your needs

Create a checklist of features and functionalities essential for you. This could include template variety, setup speed, industry relevance, visual design, collaboration tools, and forecasting capabilities.

Understand your non-negotiables and match them with the tools that deliver those features.

For example, if your projections rely heavily on historical data, you’ll need integrations with accounting systems—this makes integration a non-negotiable feature.

2. Look for relevant reviews

Read customer reviews on sites like G2, Capterra, and TrustPilot. These reviews will give you first-hand insight into what people love and dislike about these alternatives.

Pay attention to complaints to see if any red flags could impact your experience.

3. Do your own research

Go through the website or application thoroughly to understand the features of these alternatives before committing to them. Weigh your decision after reading expert blog posts, comparison posts, and reviews of these tools.

Every tool has certain shortcomings. Simply ensure that those shortcomings won’t affect your core business planning needs significantly

4. Customer support

Business planning can get complicated, even with AI tools. That’s why reliable and responsive support is a must.

Many tools, like 15MinutePlan, have mixed reviews about customer support. If quick assistance is important to you, consider 15MinutePlan alternatives with stronger customer service ratings.

5. Financial capabilities

Financial projections are the most crucial aspects of your business plan. So, make sure that the PrometAI alternative you choose supports your financial modeling needs.

For instance, when you’re presenting a plan to investors, financial projections alone won’t cut the mark. Your plan should, in addition to projections, clearly outline the funding plan, startup costs, repayment plans, and financial ratios.

Evaluate if your chosen alternative supports such financial modeling before committing to their subscription.

The bottom line

With that, you now have 6 PrometAI alternatives that offer far better features, functionality, and cost-effectiveness.

That doesn’t mean PrometAI is an average tool. It’s just not better suited for long-term planning. At least, not their basic plan.

Now, before you commit financially to any tool, we would suggest giving Bizplanr a try. It’s absolutely free and will take just 10 minutes of your time.

If you find it useful, you can always upgrade to its paid plan for added features, functionality, and assistance.

Frequently Asked Questions