5 ChatGPT asks you to create a business plan
A dream without a plan is just a wish. So get ChatGPT to help you plan. Tell us your hopes and dreams, and it'll be laid out right in front of you, ready to be shared with the world. Convince investors that you're genuine, secure a business loan, and keep your mission firmly in mind with a solid business plan that stands up to doubts.
You can also create your own from scratch. You can also enroll in business courses or find YouTubers who can walk you through the process. However, if you follow these prompts, you can create a business plan in record time. As with all ChatGPT-generated text, add more prompts to iterate through your message and continue editing until you're satisfied. Follow the guide below to get to 80% and tweak the rest yourself.
How to create a business plan using ChatGPT
executive summary
A good plan starts with an outline. Your opening statement. A clear and concise explanation of what your business does and for whom. It sets the scene of where you are and describes where you want to be. Do not overcomplicate this step or underestimate the importance of this document. Turn the waffles in your head into powerful, persuasive words on the page.
The executive summary helps persuade readers to keep reading. The components include a description of your service, where you are, what your numbers are, where you want to go, etc. Copy and paste into ChatGPT and edit this prompt to suit your needs.
“My business is called [name] and it provides [type of products or services you offer] to [your target audience].it makes money [explain your revenue model]. This business is in a favorable position, so [explain elements of the business that make it relevant right now] and our revenue or cash position is [describe your financial position]. so far, [outline achievements so far] and we are planning [include your plans for the future]. Can you help me create a short summary that translates that information into a clear, concise description on the first page of your business plan? I will adopt this tone. [describe the tone you want for your business plan, for example professional and direct]”
Business overview
Now we'll explain in detail what to do. Contact ChatGPT for a business overview that forms the second part of your business plan. Segment these by goals, market, target audience, products and services, and revenue methods. Make it clear why your business is well-positioned by including your unique strengths in this market.
The clearer the prompt, the clearer the text. Fill in as much detail as possible, leave ChatGPT as is, and convert it to a section. Carrying on the tone of your brief ensures that your business plan matches your brand and your message is perfectly aligned. Here are the prompts to proceed:
Write this to include a section titled “Next to the business plan is the business overview.” [edit as appropriate: goals, the market, target audience, products and services, route to market].our business goals are [explain your top 3 business goals] At the inner [timeframe for achieving them and exit plan].we serve [demographics of your specific target audience] and solve their problems [describe their top problems your business addresses]. Our service contents are as follows. [describe your product or services]Which [add more information about them] And our revenue model is [go into more detail on how you make money]. Use the same tone of voice as the last section. ”
sales and marketing
Even the best business in the world means nothing if no one knows you exist. This is where a sales and marketing plan comes into play. Use ChatGPT's features to create this outline based on what you've talked about about your business. If you already know what to do, add it to the prompt. If you're not sure, ChatGPT provides answers in an easy-to-read format.
Here's where it gets interesting. Ask ChatGPT for more information than you need and omit unnecessary information. Let's take a look at where the expectations for your business are headed. If you're just starting out, your sales and marketing plans are likely to be short-term. Test your channel first, then test some channels as you start seeing results. This section will get outdated quickly, but I need to make it look nice for now. This prompt requires little editing, just continue the conversation using the same chat.
“Create the sales and marketing section of my business plan based on what you know about my business. Create a compelling value proposition that communicates the unique benefits of your product or service to your target audience. It outlines effective marketing strategies you can use to promote your business and reach your target audience. It also outlines industry trends, customer needs, and potential competitors that your business should be aware of. Describe me. Finally, write a description of my ideal customer and add a paragraph about positioning and how I would present myself to that person, making sure I differentiate myself from my competitors. Here's how to do it: So far, what we're planning to do is: [describe any existing plans]”
Operational management
To date, a management overview, business overview, and sales and marketing plan have been completed. Next, you need to explain how your business actually operates. External stakeholders want to know everything about how your business runs as smoothly as possible, and this is where you make that clear.
This part is about people and process. We want to convey that not only do we know what we're doing, but there are other people who do too. These team members will be subject to a volume-bearing process. They deliver on their promises to customers and solve the problems outlined in the previous section of the business plan. As in the previous section, let ChatGPT create this outline. Share what you know, and the rest will be compiled into a polished document that you'll be proud to share.
“Now, please write the operations management section of my business plan. Please detail the people and processes that will help this business run smoothly and achieve its goals. How you will deliver your products and services, quality control. how we guarantee our products, how we manage our inventory, suppliers, and customers; [any other sections you want to include]. We will also explain human resources in detail, including organizational structure and lines of communication. Include the following information: [explain anything else to include]”
financial planning
Words are great, but now we need numbers. Investors, financial institutions, and even landlords want to understand how you can pay your bills and stay out of trouble. Even if you know little about your expected revenue and profits, give ChatGPT the basics to help you plan.
Financial information should include monthly income and expenses, 12-month plans, and long-term plans. It is probably important to include a break-even point. You can also include the capital you need at different stages of your business and any one-time costs you anticipate as you grow. Everything can be documented in rows in a beautiful table. Use this prompt to enter jumbled numbers and see the results.
“Given what you know so far, could you create a detailed financial plan for my business that includes sales projections, expenses, and financing requirements? I'm looking for the following in tabular format. : (1) Breakdown of my monthly income, current expenses, (2) 12-month plan, (3) 3-year plan, (4) current break-even point, and (5) future major expenses that will occur at a particular stage. Expenses are as follows. [include any information on price per unit, units expected to sell, cost per unit, staff costs, rent, rates, machinery, software and so on]”
Create a business plan with ChatGPT
Inside these five prompts, you'll find a comprehensive business plan that you can start creating today. Gathering information and editing input may require some thought, but it's a fraction of the time it would take to create this document from scratch. Even if what ChatGPT creates isn't perfect, you'll have a huge head start now that you have something to edit.
There's no need to get caught up in paperwork. You need to start a business. Deliver goods in less time by offloading redundant administrators to your favorite large-scale language models.
