Hi guys.
Welcome to this session.
So in this session we wanted to see what questions should we be knowing about and asking about when
we are planning to grow our business.
So for this as well we can make use of ChatGPT where we can ask ChatGPT to tell us those questions which
we need to know and need to know answers for.
So let's start with one example.
Let's say I want to start off with a coffee shop business, which I want to set up.
I want to know what are the ten questions I can ask for opening about my own coffee shop?
I'll be selling various drinks, breakfast and lunch and coffee related merchandise like trendy items
for drinking coffee at home.
So I want to know before I start this business, what kind of questions answers I should have with me.
So for that it is itself I can ask ChatGPT to help me with that.
So these are the questions which we can get.
What is the target demographic for my coffee shop, and how can I tailor my offerings to appeal to them?
What is the ideal location for my coffee shop to attract both foot and traffic loyal customers?
How can I differentiate my coffeeshop from competitors in the local area?
Right.
So these are very valuable questions which we should be thinking about and possibly find out figuring
out the answers for it.
So let's say let's look at one of the questions over here.
What can we do about it?
Competitors.
Unique and specialty menu items I can start.
Ambience and experience is what I can work on.
Merchandise and coffee related products which I can sell.
Customer experience I can give better sustainability, eco friendly practices, zero waste initiatives.
These are things which ideally as per ChatGPT, can make me stand out from my competition.
So you can see, these questions can make a lot of difference to your business in terms of how.
Because when you're starting a business, it is a possibility that we might not know everything about
it.
And that is where we are making use of ChatGPT to help us come up with those important questions to
answer.
Now, let's say we also want to know the trends regarding in the coffee business.
What has been the recent trends and what I need?
What will continue in the future?
So this also will really help me, uh, in terms of being relevant to my audience.
Speciality coffee.
Okay.
Speciality coffee has been there.
Okay.
Health conscious coffee options, which I can consider putting up because people are more health conscious
now.
Sustainability and ethical practices.
Convenience and subscription services.
Also, I can think of starting innovation in coffee preparation.
Maybe you can try something different to prepare coffee technology integration coffee with a social
mission.
This is also very good.
Uh, experimentation, uh, experiential and interactive coffee spaces and so on and so forth.
So you can see these are very interesting ideas, which really relates to the current scenarios which
you can pick up and then build on your coffee business or any kind of business for that matter.
So the idea is that we can use ChatGPT for asking the right questions.
Even in a scenario of when you're starting a new business of your own.