{"id":14822,"date":"2023-09-21T12:50:41","date_gmt":"2023-09-21T12:50:41","guid":{"rendered":"https:\/\/mysourcefunding.com\/startups\/5-chatgpt-prompts-to-make-tough-business-decisions\/"},"modified":"2023-09-21T12:50:42","modified_gmt":"2023-09-21T12:50:42","slug":"5-chatgpt-prompts-to-make-tough-business-decisions","status":"publish","type":"post","link":"https:\/\/mysourcefunding.com\/?p=14822","title":{"rendered":"5 ChatGPT Prompts To Make Tough Business Decisions"},"content":{"rendered":"
\n

When you run a business, the stakes are high. Customers rely on you and your team members do too. Decisions that will cover payroll and keep the business afloat are your call. With this pressure on your shoulders, even small business decisions can feel tough.<\/p>\n

Brian O’Connor is an ex-Deloitte consultant turned independent advisor. He’s advised over 100 executives on how to quickly gain clarity and simplify their toughest decisions. O’Connor shares these frameworks and tools with over 80,000 followers on LinkedIn and Twitter. He\u2019s also built his newsletter, Outlier Growth, to over 14,000 readers, including founders, business owners and managers from Deloitte, Amazon, Apple, and Google. His frameworks help them clarify their moves and triple their business revenue.<\/p>\n

O\u2019Connor knows the importance of good decisions, in business and in life. \u201cYour ability to choose the best action to take is the single most important skill to determine your wealth, health, and happiness,\u201d he explained. \u201cDecisions such as which business to go into, how to spend your resources, and where to live, each impact your life trajectory, and it\u2019s scary thinking you might miss something and regret your choice.\u201d With these 5 ChatGPT prompts, the large language model can be your personal AI advisor, suggesting your best option so you\u2019re not blindsided by unexpected outcomes.<\/p>\n

Open up ChatGPT and copy and paste each prompt, editing the square brackets accordingly and using the same chat window so the context carries through. O\u2019Connor recommends you conduct research before making a decision based on ChatGPT\u2019s advice. Exercise due caution then make your choice and go for it.<\/p>\n

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Use ChatGPT to simplify decisions and gain control of your future<\/h2>\n

Find the real problem<\/h3>\n

\u201cThe most common decision-making mistake is solving the symptoms and not the root problem,\u201d explained O\u2019Connor. \u201cBut without finding the root cause, which can be hard to locate, the problem keeps coming back.\u201d Prompt ChatGPT to analyze your problem and suggest root causes. With all of the information and none of the emotion, it might spot patterns you missed. It can go back to the essence of your issue and ensure you\u2019re not simply papering over the cracks.<\/p>\n

“Act as a business consultant. I’m going to give you a list of problems and I want you to find the root cause underlying all these problems. Context: [Give background on you and where the problem is happening]. Here are the problems: [explain each of the problems]. What are 5 possible root causes creating these problems?”<\/p>\n

Explore your options<\/h3>\n

The tough business decision hasn\u2019t been solved just yet. \u201cOnce you have the core problem to solve, coming up with your options to solve the problem is tough,\u201d explained O\u2019Connor. \u201cYou don\u2019t want to regret missing an option you forgot to include.\u201d Here\u2019s where ChatGPT can ideate on ways to resolve the root cause you\u2019ve just identified, and make sure nothing is overlooked.<\/p>\n

“I\u2019m [describe yourself in a work capacity] and trying to achieve [give context on your business goals]. The root cause of my problem is: [provide the likely root problem from the previous list]. The desired outcomes from solving this problem are (ranked in priority order): [describe your specific goals in order]. Given my problem and my goals, list the 5 best potential ways to solve the problem.”<\/p>\n

Assess the pros and cons<\/h3>\n

By now you have options for solving the problem at its crux. But which one to choose? \u201cEvery choice you make comes with trade-offs,\u201d explained O\u2019Connor. \u201cBut it\u2019s hard to think of every reason you should (or shouldn\u2019t) make a certain choice. You don\u2019t want to create brand new problems.\u201d Prompting ChatGPT in this way will help you come up with pros and cons so your blind spots are covered.<\/p>\n

“For each possible solution you just listed, act as an expert business analyst and outline the benefits and drawbacks of each in a bullet-pointed list. The benefits and drawbacks need to be specific to the information I provided about me and my situation.”<\/p>\n

Visualize each outcome<\/h3>\n

\u201cDon\u2019t be caught off guard by an outcome you weren\u2019t expecting,\u201d advised O\u2019Connor, \u201cby using ChatGPT to imagine the future possibilities with each choice.\u201d Visualization, a tactic used by athletes, artists and business leaders, can be instrumental in predicting your optimal future. If your imagination is limited, or if you just want a helping hand, ask ChatGPT to visualize specific outcomes for every choice.<\/p>\n

“For each possible solution you listed, show me 3 possible outcomes: 1) Best case 2) Likely case 3) Worst case. Describe the case, then tell me what factors could cause each case to happen.”<\/p>\n

Rank your choices<\/h3>\n

Now you have the root cause, the possible solutions, their respective pros and cons and accompanying visualization of likely outcomes, you can prioritize by appropriateness and find your way forward. \u201cAsk ChatGPT to suggest your best option based on parameters you create,\u201d advised O\u2019Connor. \u201cList your options, then have it rank them based on your goals in priority order.\u201d If you already have a favourite or two, add that information and show your reasoning.<\/p>\n

“Given my background, goals, and the pros and cons of each option, rank the solutions you gave me in order of how well they align with the following goals: 1) Specifically targeting the root cause 2) Help me achieve my goals 3) Have less significant downsides. Explain why you ranked each option that way.”<\/p>\n

ChatGPT prompts to help you make business decisions<\/h2>\n

It\u2019s not that you don\u2019t have the answer, it\u2019s that talking it through and having ChatGPT fill in the gaps can get you there without relying on external help. Think of this process as journaling with the most switched-on and least volatile version of you.<\/p>\n

These prompts turn ChatGPT into your personal AI advisor to help make any tough business decision feel easy. Find the root cause and get ideas of how to solve it. Identify the pros and cons and get a personalized visualization of how they might play out. Consider all the information then move forward with confidence.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

When you run a business, the stakes are high. Customers rely on you and your team members do too. Decisions that will cover payroll and keep the business afloat are your call. With this pressure on your shoulders, even small business decisions can feel tough. Brian O’Connor is an ex-Deloitte consultant turned independent advisor. He’s […]<\/p>\n","protected":false},"author":1,"featured_media":14823,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[77],"tags":[],"class_list":{"0":"post-14822","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-startups"},"yoast_head":"\n5 ChatGPT Prompts To Make Tough Business Decisions | Brandiary<\/title>\n<meta name=\"description\" content=\"When you run a business, the stakes are high. Customers rely on you and your team members do too. 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