Chat GPT has taken the world by storm with its ability to understand natural language prompts and generate human-like responses. This makes it an extremely useful tool for entrepreneurs looking to create a solid business plan quickly and efficiently.
In this article, I will provide definitive prompts and examples you can utilize to have Chat GPT generate different sections of your business plan.
Outline of a Business Plan
Before diving into prompts, let’s briefly go over the key sections that a comprehensive business plan should contain:
- Executive summary
- Company description
- Products and services
- Market analysis
- Competitive analysis
- Marketing plan
- Operations plan
- Management team
- Financial plan
Keep this outline in mind as we go through prompts for each section.
Prompts for Different Sections
Below I have crafted prompts for each section that clearly tell Chat GPT what information you need:
Executive Summary
Write a 250-word executive summary for my startup that provides pet sitting and dog walking services in San Francisco. Include details on our mission, competitive advantage, target market, revenue model, and growth plans. Use an enthusiastic and succinct tone.Company Description
Write a 300-word description of my company, Tail Happy Pets, that provides background on when it was founded, who the founders are and their experience, why the business was started, and what our mission and vision statements are. Use an authoritative tone.Products and Services
List and describe the key products and services offered by Tail Happy Pets, a pet sitting and dog walking business in San Francisco. Include details on our daycare, overnight boarding, dog walking, and at-home pet sitting services.Market Analysis
Conduct a 250-word market analysis for Tail Happy Pets' pet sitting and dog walking services in San Francisco. Include data and statistics on market size, growth trends, target customer demographics and psychographics, and evidence that demand exceeds supply.Competitive Analysis
Provide a 300-word competitive analysis for Tail Happy Pets, a San Francisco pet sitting and dog walking startup. Identify 3-4 competitors, their market share, competitive advantages and disadvantages compared to us, and our strategies for positioning against them.Marketing Plan
Write a 450-word marketing plan for Tail Happy Pets, a pet sitting and dog walking startup in San Francisco. Include our value proposition, positioning, ideal customer profile, strategies and tactics for customer acquisition and retention through digital marketing, events, partnerships, promotions etc. Operations Plan
Provide an overview of the key operational processes and milestones for Tail Happy Pets, a San Francisco pet sitting and dog walking startup. This should be about 350-words and cover our hiring process, employee training system, scheduling system, pet intake process etc.Management Team
Introduce the management team of Tail Happy Pets in 200 words. Provide backgrounds on the founders and key team members, emphasizing experience and skills relevant to the pet services industry.Financial Plan
Create a 250-word financial plan for pet sitting startup Tail Happy Pets. Provide an overview of key assumptions and metrics in our 3 year profit and loss projection, funding required, use of funds, and expected ROI.Tips for Prompting Chat GPT
Here are some tips to create effective prompts:
- Be as specific as possible – Provide lots of context and details related to your specific business. This will result in more accurate and relevant responses.
- Break down into sections – Creating separate prompts for each section produces better quality output than asking Chat GPT to write the entire plan at once.
- Set word counts – This focuses Chat GPT and ensures you get adequately detailed responses without excess fluff.
- Specify the tone – Tell Chat GPT what style of voice and messaging you want.
- Refine iteratively – You may need to try variations of your prompt to get the best results. Tweak prompts based on the responses.
Next Steps
After Chat GPT generates the sections of your plan, you will still need to review, edit and compile it into one cohesive document. Treat the AI-written draft as a starting point that you can enhance with your own unique insights and projections for your business.
The prompts and techniques covered here should help expedite creating a solid first draft that you can then perfect. Wishing you the very best as you craft your winning business plan and transform your entrepreneurial aspirations into reality!
Useful websites:
- Forbes – 5 ChatGPT Prompts To Write Your Business Plan
- Growth Tribe – 100 ChatGPT Prompts for Any Scenario
- Notion – Business Plan AI Prompts Template