10 ChatGPT Prompts To Make You $1M Dollars
TABLE OF CONTENTS
1. SWOT Analysis
"Apply SWOT Analysis to [my business decision]. Enumerate the Strengths, Weaknesses, Opportunities, and Threats related to this decision."
SWOT Analysis is a tried and true framework for evaluating business decisions from all angles. Considering strengths, weaknesses, opportunities, and threats leads to balanced decision making.
2. Porter’s Five Forces
"Analyze [my business decision] with Porter's Five Forces in mind. Consider competitive rivalry, threat of new entrants, threat of substitutes, bargaining power of suppliers, and bargaining power of buyers."
Looking at a decision through the lens of Porter's Five Forces provides insights into the competitive landscape and external threats or opportunities. It is a staple of strategic business analysis.
"Examine [my business decision] through the Jobs-to-be-Done framework. Understand the core needs of the customers and how this decision addresses those needs."
The Jobs-to-be-Done theory focuses on fulfilling customer needs, rather than just selling products. Evaluating decisions based on the "jobs" they enable customers to complete leads to innovation.
4. Product/Market Fit
"Evaluate [my business decision] by examining Product/Market Fit. Determine if this decision brings your product closer to meeting the market's demands."
Without Product/Market Fit, even the best ideas will fail. Assessing business decisions based on how well they align product features with market needs is crucial.
5. Flywheel Effect
"Analyze [my business decision] considering the Flywheel Effect. Determine how this decision might create momentum where each effort builds upon the previous."
The Flywheel Effect recognizes that momentum compounds over time. Evaluating if a decision contributes to flywheel momentum rather than isolated gains is key.
6. Lean Startup Principles
"Apply Lean Startup Principles to [my business decision]. Think in terms of MVPs, build-measure-learn loops, and pivoting based on feedback."
Lean Startup principles like launching MVPs, iterative development, and data-based pivots can be applied to decision making in established businesses too. This agile approach optimizes success.
7. Scenario Planning
"Envision multiple future scenarios based on [my business decision]. Which is the most likely, and how can we prepare?"
Scenario planning reduces risk by envisioning plausible futures based on a decision. Determining which scenarios are most probable and preparing accordingly boosts readiness.
8. Decision Tree Analysis
"Map out [my business decision] using a Decision Tree. What are the possible outcomes and associated probabilities?"
Decision Tree Analysis brings structure and probabilities to assessing complex decisions. Mapping out potential outcomes and likelihoods leads to informed choices.
9. Six Thinking Hats
"Approach [my business decision] using De Bono's Six Thinking Hats. Examine it from different perspectives: facts, emotions, negatives, positives, creativity, and management."
De Bono's Six Thinking Hats method removes subjectivity by isolating perspectives. Assessing business decisions from rational and emotional angles leads to balanced thinking.
10. Five Whys
"Apply the Five Whys technique to [my business decision] to get to the root cause or core reason behind the decision."
The Five Whys technique iterates "why" questions to unravel root causes. Understanding core reasons behind a business decision results in solutions, not just treatments.