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Finance

I’m Developing a New Application!

I’m Developing a New Application!

I’ve been quiet around here because I’ve been working on a new business idea. Earlier this month, I established a new productivity process, and it has worked remarkably well for me. It led me to think, “You know, someone must have an app that does this.” So I asked ChatGPT what app I should get. […] The post I’m Developing a New Application! appeared first on Lazy Man and Money.

I’ve been quiet around here because I’ve been working on a new business idea. Earlier this month, I established a new productivity process, and it has worked remarkably well for me. It led me to think, “You know, someone must have an app that does this.” So I asked ChatGPT what app I should get.

I was surprised when it responded that there was nothing like it out there. The closest thing was an 80% match, but it didn’t have the main thing that was making me productive. So I asked ChatGPT if making such an app was a viable business idea.

In less than an hour, ChatGPT had fleshed out so many ideas that my head was spinning. I was going off in different directions, such as finding a good name with the domain available, creating a logo, and a tagline. Well, it came back with several taglines, and I took parts of a few of them and fused them to create what I liked. I had it set me up with a plan of which development tools would be the best fit. It gave me a few target audiences. It even pared down the feature set so that I could start by launching an MVP – Minimum Viable Product. It offered me social media marketing, like relevant hashtags. It provided me with potential blog post titles and ideas.

The list of things went on and on. It went so far as to conduct a competitive company analysis and cite the industry’s size. For all I know, some of those numbers were fabricated. AI can do that sort of thing, but it wasn’t critical information for me. If anything, all this was too much information. I had to take most of each chat and organize them into separate Google Docs. Duolingo is a $16 billion company, and I felt like ChatGPT covered most of the significant product decisions that they’d go through.

ChatGPT even offered to make me a pitch deck for investors. Interestingly, it attempted to create a Google Slides presentation, but the link it generated wouldn’t work. After a couple of attempts, I began searching the internet to see if ChatGPT could create Google Slides. It turns out that it can not. It was barely an inconvenience to cut and paste the pitch deck, it gave me. I also used the logo it generated and the tagline. I’m not sure what I’ll do with the Google Slide. I went to show my kids, but they were not interested. I may show it to my wife, but she’s so busy with other things that it’ll wait. I’m 90% sure she’ll think it’s silly because her productivity process is entirely different.

I almost felt like I had enough information to make a solid pitch to a venture capitalist. That is if I had any kind of presentation ability and experience.

After I had my presentation and set of organized Google Docs documents, I put them in Google’s NotebookLM. I haven’t spent much time with NotebookLM, but I figured this was an opportunity. It only took a minute to point NotebookLM to the Google Drive folder. Suddenly, I had a clear summary of the whole business and the ability to ask questions about it. That said, it wasn’t very exciting because I already knew all the information. If I wanted to ask more questions, I could have just used the ChatGPT thread. I saw an option for a Mind Map and clicked on that. It was like a perfect blueprint for the company. I’ve heard good things about the automated podcast it can generate, and will give that a try.

I’m not sure where this is all headed. I have a habit of starting things and not following through. This time I have AI helpers, so I am hoping thing things are different. One the other hand, I really didn’t need to add anything else to the list. It’s simply impossible to do everything I want to do. However, this checks off a few boxes of things that I had wanted to do this year. I’ll cover them in the next monthly update, which is about a couple of weeks away.

The post I’m Developing a New Application! appeared first on Lazy Man and Money.

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