GenVerseGrowth - By Arshin

Starting a business can feel overwhelming, but every big success begins with a small step. ChatGPT is your powerful tool to guide you through the process, giving you instant insights and actionable advice.

Here’s a curated list of practical prompts to help you validate your idea, plan your business, and take it to the next level.

1. Market Research & Validation

• Prompt: “What’s the market potential of [business idea] in [location]?”
  • Use Case: Understand if your idea has potential.
  • Example: “What’s the market potential of an online pet store in India?”
• Prompt: “What are some underserved niches in the [industry] market?”
  • Use Case: Discover unique opportunities to stand out.
  • Example: “What are some underserved niches in the online pet care market in India?”

2. Audience Analysis

• Prompt: “Who are the target customers for [business idea]?”
  • Use Case: Identify your ideal audience.
  • Example: “Who are the target customers for an online pet store?”
• Prompt: “What are the pain points and desires of [target audience]?”
  • Use Case: Tailor your products to solve real problems.
  • Example: “What are the pain points and desires of pet owners shopping online?”

3. Competitor Research

• Prompt: “Who are the top competitors in the [industry] in [location]?”
  • Use Case: Analyze competitors to find gaps in the market.
  • Example: “Who are the top competitors in the online pet store business in India?”
• Prompt: “How can I differentiate my business from [competitor]?”
  • Use Case: Create a unique selling proposition.
  • Example: “How can I differentiate my online pet store from Heads Up for Tails?”

4. Financial Planning

• Prompt: “What are the typical startup costs for [business type]?”
  • Use Case: Understand what it takes to get started.
  • Example: “What are the typical startup costs for an online pet store?”
• Prompt: “What pricing strategy works best for [product/service]?”
  • Use Case: Maximize revenue while staying competitive.
  • Example: “What pricing strategy works best for premium pet food online?”