Our LivePlan Assistant is designed to elevate your business plan writing experience. This powerful tool is tailored for Standard and Premium account users and offers personalized grammar, tone, and formatting suggestions. With easy editing options, the AI Assistant aims to help users create polished, professional business plans.
In this article:
- Custom instructions for writing your plan
- LivePlan Assistant for writing plan topics
- LivePlan Assistant in the Forecast
- Turning LivePlan Assistant on or off
- Tips for using LivePlan Assistant
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 that feature has been turned on the Assistant will start generating your topic instructions. These instructions are based on your business description. If you find you need to make changes to this description it can be found in the Options menu in the left sidebar under "What kind of business is this?".
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.
Please note that the customized instructions will be generated in the same language as the "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 as well as 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 be able to 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.
These allow you to customize your business plan content, ensuring it is tailored to your target audience and effectively communicates 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've selected Auto-Improve. The Assistant's rewrite will be generated in the upper box, with the original content remaining 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 LivePlan Assistant to suggest entries for Revenue, Direct Costs, Personel, and Expenses. The AI Assistant will generate a list of possible entries depending on the business details entered in the Company Options under "What type of business is this?". These details can be changed 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 Show Assistant.
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 entries will be automatically added to the forecast without any financial data. So, you'll need to go through and add the values to the entries after they have 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 of the entry that you'd like to edit. This 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.
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