Need a Business Plan? Use AI for that.
Day 1/100. Kicking off our series of sharing 100 prompts to up-level your business over the next 100 days.
Day one is by request and is all about drafting a business plan.
Before prompting, remember the following Generative AI Rules:
☑ Rule 1. Dialogue. Interacting with generative AI is best when treated it as a conversation; provide feedback and ask follow-up questions. This approach yields the most relevant outputs.
☑ Rule 2. Be Specific. The more precise and detailed your prompts or questions, the more tailored and useful the AI's response will be. Clear instructions help the AI understand your intent and deliver closely aligned results.
☑ Rule 3. Use Iterative Refinement. Don't hesitate to refine your requests based on the responses you receive. If the initial output isn't exactly what you wanted, use it as a starting point and ask for more detail or to change the response.
☑ Rule 4. Embrace Creativity and Explore. While AI is great at providing specific information, it also offers vast potential for creative exploration. Experiment!
☑ Rule 5. Understand the Limits and Ethical Considerations. Recognize the limitations of current AI technology and remain mindful of ethical considerations, including the importance of privacy, data security, and avoiding bias.
Okay, enough about the rules.
Here is prompt 1/100:
"Act as an expert business strategist for driven entrepreneurs. Generate a detailed business plan for a (describe the type of business) named (business name). The business aims to (describe the main goal or mission of the business) in the (describe the industry or market niche) industry, targeting (describe the target audience). Key products/services include (list key products/services). The business is located in (describe the location or whether it's online).
Include the following details:
Executive Summary. Provide an overview of the business and the primary goal it aims to achieve within the next year.
Market Analysis. Analyze the current market conditions for the (describe industry/market niche), identifying key trends, potential challenges, and opportunities for growth. Include an analysis of the target audience and competitor overview.
Marketing and Sales. Describe the marketing and sales strategies that will be used to attract and retain customers. Include digital marketing, sales channels, and customer engagement strategies.
Operations Plan. Detail the operational aspects of the business, including location, technology, staffing, and any manufacturing or production processes if applicable.
Financial Plan. Provide a projection of start-up costs, operating costs, revenue streams, and profitability over the next 3 years. Include any assumptions made in your financial model.
List ten action items needed to launch the business successfully. Ensure each section and action item is incredibly detailed, providing a clear roadmap for establishing and growing the (business name) in its first year of operation."