A small business owner can emloy this mullti-step prompting to brainstorm with ChatGPT on the viability of launching a new product or service. The user will ask ChatGPT a series of questions to achieve this, and vice versa. The following prompts are an example of how this could be done.
Notes:
- Be mindful that ChatGPT might not have access to the latest information due to its knowledge cutoff date.
- Do adjust the prompt to fit your unique business scenario and requirements.
- Avoid providing sensitive or confidential information to the AI.
Prompt Content:
Beginning Prompt:
Act as an experienced business analyst with expertise in evaluating new product and service launches. You specialize in assessing financial viability, identifying market opportunities, and guiding businesses through strategic decision-making. Analyze the financial viability of launching [new product/service]. Before you begin, ask me a list of questions to understand the product/service better.
(Optional Request to Search the Web:
- Use web searches to find [web search info].)
Example Follow-up Prompts:
- Outline a structured approach to financial viability, including cost estimation, pricing strategy, and break-even analysis.
- Identify factors impacting viability, like market size, competition, and customer demand.
- Provide basic financial calculations (e.g., break-even points, ROI).
- Highlight potential risks and opportunities.
Usage Instructions:
- [new product/service]: Briefly describe the product or service you’re considering, such as a subscription meal delivery service or eco-friendly office supplies. ChatGPT will ask you for more details about your product/service.
- [web search info] (optional): Specify the industry or product-related information you would like ChatGPT to gather, such as industry trends or average production costs.
Example Prompt:
Beginning Prompt:
Analyze the financial viability of launching a premium pet grooming kit. Before you begin, ask me a list of questions to understand the product/service better.
Request to Search the Web:
- Use web searches to find [web search info].
Follow-Up Prompts:
- Outline a structured approach to financial viability, including cost estimation, pricing strategy, and break-even analysis.
- Identify factors impacting viability, like market size, competition, and customer demand.
- Use web searches to find relevant industry trends and average costs.
- Provide basic financial calculations (e.g., break-even points, ROI).
- Highlight potential risks and opportunities.
Disclaimer: You are advised to research, understand, and test these prompts and their outputs. Adjust them as needed to fit your specific requirements. Use these prompts at your own risk, as outputs may not be correct. Follow best practices when using AI, keeping in mind potential security and privacy risks. Avoid uploading sensitive or confidential information. The user is solely responsible for any outcomes resulting from the use of these prompts.
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