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Hi guys.

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Welcome to this session.

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So in this session we wanted to see what questions should we be knowing about and asking about when

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we are planning to grow our business.

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So for this as well we can make use of ChatGPT where we can ask ChatGPT to tell us those questions which

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we need to know and need to know answers for.

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So let's start with one example.

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Let's say I want to start off with a coffee shop business, which I want to set up.

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I want to know what are the ten questions I can ask for opening about my own coffee shop?

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I'll be selling various drinks, breakfast and lunch and coffee related merchandise like trendy items

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for drinking coffee at home.

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So I want to know before I start this business, what kind of questions answers I should have with me.

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So for that it is itself I can ask ChatGPT to help me with that.

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So these are the questions which we can get.

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What is the target demographic for my coffee shop, and how can I tailor my offerings to appeal to them?

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What is the ideal location for my coffee shop to attract both foot and traffic loyal customers?

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How can I differentiate my coffeeshop from competitors in the local area?

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Right.

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So these are very valuable questions which we should be thinking about and possibly find out figuring

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out the answers for it.

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So let's say let's look at one of the questions over here.

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What can we do about it?

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Competitors.

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Unique and specialty menu items I can start.

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Ambience and experience is what I can work on.

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Merchandise and coffee related products which I can sell.

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Customer experience I can give better sustainability, eco friendly practices, zero waste initiatives.

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These are things which ideally as per ChatGPT, can make me stand out from my competition.

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So you can see, these questions can make a lot of difference to your business in terms of how.

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Because when you're starting a business, it is a possibility that we might not know everything about

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it.

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And that is where we are making use of ChatGPT to help us come up with those important questions to

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answer.

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Now, let's say we also want to know the trends regarding in the coffee business.

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What has been the recent trends and what I need?

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What will continue in the future?

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So this also will really help me, uh, in terms of being relevant to my audience.

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Speciality coffee.

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Okay.

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Speciality coffee has been there.

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Okay.

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Health conscious coffee options, which I can consider putting up because people are more health conscious

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now.

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Sustainability and ethical practices.

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Convenience and subscription services.

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Also, I can think of starting innovation in coffee preparation.

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Maybe you can try something different to prepare coffee technology integration coffee with a social

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mission.

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This is also very good.

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Uh, experimentation, uh, experiential and interactive coffee spaces and so on and so forth.

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So you can see these are very interesting ideas, which really relates to the current scenarios which

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you can pick up and then build on your coffee business or any kind of business for that matter.

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So the idea is that we can use ChatGPT for asking the right questions.

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Even in a scenario of when you're starting a new business of your own.