Our LivePlan Assistant elevates your business plan writing experience. This powerful tool tailors personalized grammar, tone, and formatting suggestions for Standard and Premium account users. With easy editing options, the AI Assistant aims to help users create polished, professional business plans.
Custom instructions for writing your plan
The LivePlan Assistant can generate custom instructions for each plan topic that are specific to your business and industry. To access this feature, turn on the toggle found beneath the standard topic instructions.
Once you turn on that feature, the Assistant will start generating your topic instructions. These instructions are based on your business description. You can find this description in the Options menu in the left sidebar under What kind of business is this if you need to change it.
This will generate instructions with questions specifically geared to get you thinking about your business, and can even include examples to help you get started in writing your plan topic.
Note: We will generate the customized instructions using the same language as your Plan language setting in the Options menu.
LivePlan Assistant for writing plan topics
LivePlan Assistant integrates seamlessly with the Plan topic text editor. While you are working on a plan topic that you would like the LivePlan Assistant to help generate work for, you can use the Assistant's purple bar at the top of the text editor. If you're working in a blank section, you'll see a purple Help Me Write icon that, once clicked, will open a box where you can prompt the Assistant.
It should look like this:
From the simplified Executive Summary, you can use the Help Me Write feature to fully draft your summary. The LivePlan Assistant will reference your business description and the content written in the rest of your plan to generate your simplified Executive Summary. We recommend leaving the summary for last as the assistant will reference the work you have throughout your plan topics.
If you're working on a topic that already has some writing in it, then the AI Assistant icon will say Rewrite.
Then, a drop-down menu will appear above the formatting toolbar. This menu provides various options to rewrite your content, catering to your specific needs. The available options include:
Auto-Improve: Enhances the overall quality of the passage by refining grammar, tone, and style.
Make Shorter: Summarizes the passage, highlighting the key points.
Expand: Lengthens the passage, providing additional detail and context.
Academic Tone: Adapts the passage to convey an academic style suitable for scholarly writing.
Professional Tone: Reframes the passage with a formal, respectful tone, ensuring clarity and thoroughness.
Persuasive Tone: Recomposes the passage with the intent of convincing the reader to align with the writer's perspective, utilizing assertive, passionate, or even aggressive language to persuade effectively.
Fix Mistakes Only: Will only fix spelling and grammar mistakes without rewriting the plan.
These tools let you customize your business plan content, tailoring it to your target audience and effectively communicating your ideas. Don't worry; your original content will only be replaced once you review and approve the rewritten topic.
Select a tone to begin generating a new passage for your topic:
In this example, we'll select Auto-Improve. The Assistant will generate its rewrite in the upper box, leaving the original content below. Then, you can click Replace plan content to overwrite the topic's current work with the Assistant's generated version.
Select Replace plan content to update the content of this topic to the LivePlan Assistant-generated passage. If you'd like to see another rewrite, click Regenerate response instead. We'd also love your feedback on how the LivePlan Assistant performed. If you liked the results, click on the thumbs-up icon. Likewise, if the passage isn't helpful, click the thumbs-down icon.
Please remember that replacing your topic content with the Assistant's generated work will erase and overwrite what you had in the topic before. You can undo the content replacement using the green Undo pop-up at the top center of your screen when you select this or the undo arrow icon that is in the lower text editor bar; CMD+Z or CTRL+Z keyboard shortcuts work as an undo, as well.
LivePlan Assistant in the Forecast
In the Forecast you can use the LivePlan Assistant to suggest entries for Revenue, Direct Costs, Personnel, and Expenses. The AI Assistant will generate a list of entries depending on the business details entered in the Company Options under "What type of business is this?". You can change these details anytime by going to Options in the left sidebar and adjusting your business description. Think of this as part of your prompt for the LivePlan Assistant to generate possible revenue streams or expenses for your Forecast.
To use the LivePlan Assistant in the Forecast, first go to the section where you'd like to generate entries, then select the option to add a new forecast item at the lower left corner of each forecast table.
This will open a pop-up menu where the Assistant will generate possible line entries for your business.
You can select as many suggested entries from this menu as you like. When you're done entering suggested line entries, click I'm done adding streams. The system will automatically add the entries to the forecast without any financial data. You will then have to add the values to the entries after they've been added to the forecast.
Here is a short video to better illustrate this process:
To edit your new suggested forecast line entries, click on the green title text. That will open the details of the line entry so that you can add your financial details.
Turning LivePlan Assistant on and off
Click the Profile icon in the lower-left corner of your LivePlan window and select Manage Account, or click here:
On the Account Details page, scroll down to the Feature Access field and click on the toggle to turn LivePlan Assistant on or off:
Tips for using LivePlan assistant
Apply multiple rewrites: Try using different combinations of rewrites in LivePlan Assistant to refine the responses further. For example, consider using the Expand feature to expand on brief ideas you've jotted down for a particular topic. Then, apply Professional Tone to help ensure your ideas are presented with a confident and businesslike tone.
Regenerate responses: Sometimes, the initial response may not meet your expectations. By regenerating the response, the topic's content can be rephrased while maintaining its original essence.
Our LivePlan Assistant elevates your business plan writing experience. This powerful tool tailors personalized grammar, tone, and formatting suggestions for Standard and Premium account users. With easy editing options, the AI Assistant aims to help users create polished, professional business plans.
Custom instructions for writing your plan
The LivePlan Assistant can generate custom instructions for each plan section that are specific to your business and industry. The Assistant will automatically generate those instructions in the default sections based on the description of your business in the Company Options.
This will generate instructions with questions specifically geared to get you thinking about your business, and can even include examples to help you get started in writing your plan section.
From the top menu, you can click the arrow icon at the end to slide out all of the plan sections’ instructions:
To access these instructions within a specific section, click on the chevron icon in section you’re currently in:
You’ll then see the instructions slide out from the right hand side of the plan:
The instructions can be scrolled through which then give additional options to copy a provided example, regenerate the instructions, or provide feedback.
Click on the copy icon within the instruction’s example to copy it in order to paste directly into the section:
There is also a Regenerate option for the instructions. You’ll want to click on this option if you have updated the What kind of business is this description or changed the language in the Options.
You’ll see LivePlan regenerating the instructions after clicking on the regenerate icon:
Note: We will generate the customized instructions using the same language as your Plan language setting in the Options menu. You will need to regenerate the instructions after changing the language to have it display correctly.
For the custom instructions, there is the option to provide feedback through a thumbs up or thumbs down option:
Thumbs down will provide an additional field to provide detailed feedback:
LivePlan Assistant for writing plan sections
LivePlan Assistant integrates seamlessly with the Plan section text editor. While you are working on a plan section that you would like the LivePlan Assistant to help generate work for, you can use the Assistant's purple Improve button at the top of the text editor. If you're working in a blank section, you'll see a purple Help Me Write icon that, once clicked, will open a box where you can prompt the Assistant.
It should look like this:
From the simplified Executive Summary, you can use the Help Me Write feature to fully draft your summary. The LivePlan Assistant will reference your business description and the content written in the rest of your plan to generate your simplified Executive Summary. We recommend leaving the summary for last as the assistant will reference the work you have throughout your plan sections.
You can also access the Summarize My Plan once you have opened the Executive Summary:
If you're working on a section that already has some writing in it, then the AI Assistant icon will highlight the Improve button in the top menu:
Clicking on Improve will display a drop-down menu appearing above the section you’re currently working in. This menu provides various options to rewrite your content, catering to your specific needs. The available options include:
Auto-Improve: Enhances the overall quality of the passage by refining grammar, tone, and style.
Make Longer: Lengthens the passage, providing additional detail and context.
Make Shorter: Summarizes the passage, highlighting the key points.
Fix Mistakes Only: Will only fix spelling and grammar mistakes without rewriting the plan.
Adjust Tone: Rewrites the passage using one of the 3 listed tones below to speak to a specific audience.
Professional Tone: Reframes the passage with a formal, respectful tone, ensuring clarity and thoroughness.
Persuasive Tone: Recomposes the passage with the intent of convincing the reader to align with the writer's perspective, utilizing assertive, passionate, or even aggressive language to persuade effectively.
Academic Tone: Adapts the passage to convey an academic style suitable for scholarly writing.
To access the Improve options and tones, hover over Adjust Tone to expand out the options:
You can also apply the Improve feature on highlighted text within the section:
These tools let you customize your business plan content, tailoring it to your target audience and effectively communicating your ideas. Don't worry; your original content will only be replaced once you review and approve the rewritten section.
Select an Improve option to begin generating a new passage for your section:
In this example, we'll select Auto-Improve. The Assistant will display the “Generating content” message as it rewrites the existing text:
You can also use this time to cancel the Assistant from rewriting by clicking on “cancel” next to Generating Content.
After the Assistant has finished rewriting the existing text, look to the text highlighted in green for what was rewritten or added. The red text will show you want was removed:
You can then decide to Accept or Reject the Assistant’s rewrites. Clicking “Accept” will then overwrite the section's current work with the Assistant's generated version, while “Reject” will restore the section’s text prior to selecting an Improve option.
If you'd like to see another rewrite, click on the purple circle icon next to the “Show changes” toggle to have the Assistant regenerate a new response instead.
Please remember that replacing your section content with the Assistant's generated work will erase and overwrite the highlighted green text of what you had in the section before. You can use the CMD+Z or CTRL+Z keyboard shortcuts to undo the content replacement.
LivePlan Assistant in the Forecast
In the Forecast you can use the LivePlan Assistant to suggest entries for Revenue, Direct Costs, Personnel, and Expenses. The AI Assistant will generate a list of entries depending on the business details entered in the Company Options under "What type of business is this?". You can change these details anytime by going to Options in the left sidebar and adjusting your business description. Think of this as part of your prompt for the LivePlan Assistant to generate possible revenue streams or expenses for your Forecast.
To use the LivePlan Assistant in the Forecast, first go to the section where you'd like to generate entries, then select the option to add a new forecast item at the lower left corner of each forecast table.
This will open a pop-up menu where the Assistant will generate possible line entries for your business.
You can select as many suggested entries from this menu as you like. When you're done entering suggested line entries, click I'm done adding streams. The system will automatically add the entries to the forecast without any financial data. You will then have to add the values to the entries after they've been added to the forecast.
Here is a short video to better illustrate this process:
To edit your new suggested forecast line entries, click on the green title text. That will open the details of the line entry so that you can add your financial details.
Turning LivePlan Assistant on and off
Click the Profile icon in the lower-left corner of your LivePlan window and select Manage Account, or click here:
On the Account Details page, scroll down to the Feature Access field and click on the toggle to turn LivePlan Assistant on or off:
Tips for using LivePlan assistant
Apply multiple rewrites: Try using different combinations of rewrites in LivePlan Assistant to refine the responses further. For example, consider using the Expand feature to expand on brief ideas you've jotted down for a particular topic. Then, apply Professional Tone to help ensure your ideas are presented with a confident and businesslike tone.
Regenerate responses: Sometimes, the initial response may not meet your expectations. By regenerating the response, the topic's content can be rephrased while maintaining its original essence.
