8 ChatGPT Prompts To Create Your 2024 Business Strategy

Generative AI applications such as ChatGPT can help business leaders cut back some time during the … [+] holiday season and be more efficient

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We’re approaching that time of year where we start thinking about finalizing long-term plans and strategies for the new year before wrapping up for the Christmas holiday season. This is a time where the pressure is on more than any other part of the year, to finalize and close out projects, deadlines, plans, and goals, before close of business. What if we could make our lives a little easier and reduce the pressure so we can think more clearly and have more time to spend with loved ones this season?

A year ago, when ChatGPT was just dawning into popularity, or two years ago, when such a technology had never been heard of in the business world—this would not have been possible. But now, thanks to generative AI increasing in popularity, business leaders can be more creative and develop winning business strategies for the year ahead, to solve market and business challenges and retain competitive edge—and cut back some work time in the process.

Below are some useful ChatGPT prompts you can input to get you and your team’s wheels turning, and define some strategic solutions for the new year:

Ryan Robinson, small business owner of RightBlogger, shares his some of his favorite prompts:

Setting Goals And Steps

“I would first feed ChatGPT with information about our company and the results we want to achieve. In this step, it is crucial to inform the AI about your customers and describe them in detail. Then I would input these instructions:

“Based on the information on our company and current trends, create a list of goals based on priorities. List all the steps to include in our daily tasks to achieve these goals. For each goal, develop indicators to ensure we are on the right track. We want to complete these goals in six months, so create a schedule for each goal to make sure we know we are on track.”

Product/Service Improvement

Dubai-based SEO expert Iurii Nemtcev, recommends this prompt for product and service improvement for the new year:

“‘Generate innovative ideas for product/service improvement.’

By engaging ChatGPT in brainstorming sessions, you’re able to explore new features, services, and processes. The model provides a diverse range of perspectives, assisting our team in thinking outside the box and considering unconventional solutions.

Jake Munday, an entrepreneur and CEO of Custom Neon, uses this prompt to help him plan for 2024:

“As we look to expand our product range, what are some cutting-edge features and customization options we can introduce in our [product name]? Also, how can we leverage technology such as AI and AR to enhance the customer experience in product customization and visualization?”

Market Analysis

Another effective prompt he recommends is:

Nemtcev shares how he utilizes ChatGPT to analyze market trends and insights with prompts such as:

‘Identify emerging trends in the [industry name], [region], and [year] and their potential impact on our business.’

‘Analyze competitors in the market and suggest strategies to outperform them.’

This enables ChatGPT to sift through vast amounts of information, highlighting relevant trends and ensuring your strategic planning is well-informed by the latest market dynamics.

“By providing ChatGPT with competitor websites or relevant information, the model can assist in analyzing their strengths and weaknesses,” Nemtcev explains. “This offers valuable insights into potential opportunities for differentiation and gaining a competitive edge in the market.”

Some business leaders, like Andrey Kozhuhov of CimpleO, have found integrating ChatGPT4 and self-hosted LLaMa2 into custom workflow is more helpful to juice every single drop from extensive data storage.

He recommends using the following prompts:

ChatGPT prompts can be used for targeted market analysis when you give it the right context

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Sales History Insights

“Examine the [sales history log] attached below with a structured approach. Begin by segmenting the data by time periods (e.g., monthly, quarterly, yearly), product categories, and customer demographics. Look for trends and patterns in each segment, such as increasing or decreasing sales, popularity of certain products, and shifts in customer preferences. Pay special attention to periods of significant change, such as spikes or drops in sales, and correlate these with external events or internal decisions like marketing campaigns, price changes, or product launches. Also, analyze seasonal variations to understand peak and off-peak periods. Use visual tools like graphs and heat maps for clearer insights. Finally, summarize the key findings and propose actionable strategies based on the data analysis.”

“Sometimes when we’re analyzing client’s message history to keep an eye on mood and satisfaction level, we use a prompt like this,” Kozhuhov says:

“Conduct a detailed sentiment analysis of the attached client message history. Evaluate each interaction on a scale from 1 to 10, where 1 represents extremely negative sentiment and 10 represents extremely positive sentiment. Focus on identifying keywords, phrases, and overall tone that indicate the client’s level of satisfaction, mood, and happiness. Consider the frequency of positive versus negative language, the nature of queries or feedback, response times, and the progression of sentiment over time. Additionally, look for patterns in sentiment shifts, correlating them with specific events or interactions. Summarize the findings with an average sentiment score and provide insights on potential areas of improvement in client relations based on the analysis.”

A key trait of any leader is adaptability and keen awareness of ongoing and emerging trends. Teresha Aird uses this prompt to stay ahead of industry shifts in her role as co-founder of Prime Office Space in the UK:

“Identify emerging trends in the [name of sector] sector for the next five years and assess how we can adapt to these changes.”

“This prompt helps us stay ahead of industry shifts,” Aird says. “By analyzing the potential for future trends—inputting this prompt along with current market data and forecasts—we can better tailor our business model to meet evolving market demands, and better ensure our long-term growth and relevance.”

Using ChatGPT can help you stay ahead of industry shifts

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The key with using ChatGPT is to give it plenty of context. The more context you give for your prompt, the better the output and the more suited for your specific needs as an entrepreneur, manager, or senior business leader. Using these prompts will help you be more creative and think outside the box more quickly with your business approach, while giving you some much-needed time with loved ones this Christmas.