In the US alone, 5.5 million new business applications were filed in 2023. Widen your scope, and you’ll see that the entrepreneurial spirit is alive and well worldwide too.
While innovation is certainly taking place, true success requires utilizing new technology. Take Uber, for example; the company leveraged the ubiquity of smartphones and made a fortune in doing so.
New AI tools are changing the business landscape in a similar way, and they’re vital for entrepreneurial support. They can assist with crucial tasks, such as planning key meetings or brainstorming ideas, as well as a lot more.
Read on to learn seven powerful ways AI tools can assist with your working process. Discover how applications like Me.bot aim to help you reach your potential when handling your businesses.
1: Routine Task Automation
A recent poll found that 33% of small business owners feel there aren’t enough hours in a day to get everything done. And on average, they would need four more hours daily to complete all of their administrative work.
So, we come to the question, “What is a main reason why entrepreneurs experience daily stress?” The answer is routine tasks, they’re not only time-consuming, but tedious as well.
What if something could free you from repetitive tasks though? AI tools certainly can.
In fact, Artificial Diversified Intelligence (ADI) personalizes its actions to cater to individuals. For example, AI can sort everyone’s emails, but ADI like Me.bot can focus such sorting on appealing to your targeted preferences. This is done by analyzing things like:
- The tone of past interactions
- Email content and the topics at hand
- Which emails you tend to reply to faster
- The seniority of different recipients
When AI automates tasks, you’ll be able to focus more time on the more crucial aspects of running a business.
2: Meeting Briefings
Have you ever been in a meeting where it feels like you have no idea what’s going on? Maybe you didn’t have time to prepare, or you might have even missed a crucial message at the last minute.
In a conventional 9-to-5 job, this might be passable. But in the world of entrepreneurship, you can’t afford to have your mind elsewhere during meetings. Making a good impression is key; missing a vital detail can cost you dearly.
An AI assistant can give detailed briefings before your meetings. These will include things like participant details as well as expected topics and questions, so you’re prepared.
In addition, as ADI systems learn about you and your business aims, they will continue to improve. The result is an AI scheduling assistant that produces briefings aligned with your strategy everytime.
3: Tireless Brainstorming
The foundation of a fruitful product or service is the creation of a great idea. Yet, the best ones are often somewhat accidental.
Take the development of penicillin, a revolutionary antibiotic. Dr. Alexander Fleming only discovered it by chance after finding mold in a Petri dish he’d left while on vacation.
Finding the right inspiration at the right time can lead to world-changing concepts, but how can we make that happen? Companies use brainstorming, after all, but it’s not always productive or popular to all members of a team.
The answer to this demand is the creation of AI startup ideas. Large language models (LLMs) can help AI generate thousands of concepts in a single moment. Thus, you can receive unique insights you might not otherwise get.
When you add ADIs to the equation, it narrows things down further. These systems can:
- Assess idea viability based on your company
- Check relevance to your target audience
- Perform sanity test concepts
- Highlight risks and provide solutions
This saves you time and money on ideas that might otherwise take you days to narrow down and concept.
4: Powerful Analytics
Entrepreneurs who want to expand into a franchise often feel they have an outstanding concept on their hands. That may be true, but what they sometimes neglect to address is the business side of things, such as finances, in their excitement.
For instance, being an excellent cook isn’t enough to keep a restaurant running. Companies like this, with real potential, can fail when the founders lack knowledge in logistical areas.
This is where AI tools shine. They can help those without strong logistic skills become successful business owners. They can analyze company data for insights on subjects such as:
- Market trends
- Accounting issues
- Customer behavior
ADI systems can pair these points of data with your business preferences. Not only will ADI save you time in the long run, but it’ll also detect subtle trends humans may miss. You’ll benefit from tailored solutions that work for your particular circumstances.
5: Powerful Queries
As an entrepreneur, you must be knowledgeable about your company at all times. During any interactions, you need to have thorough answers to any questions. This is especially true if those questions come from key stakeholders.
To facilitate this, exhaustive research is a must. However, gathering all the necessary information can become overwhelming.
Creating a well-organized system can be difficult too. If you don’t get it right, it can often lead to lost information during crucial discussions.
This is where you can let ADI systems take the reins, as they’re great information overload solutions. Areas such technology can assist in include:
- Performing market research
- Hiring and firing
- Ensuring regulatory compliance
- Performing strategic planning
- Responding to external queries
- Writing thought leader posts on LinkedIn
These AIs can gather data about you, your company, and more, in the blink of an eye. They’ll provide an efficient system to answer any questions that might come up, saving you face.
6: Your Personal Secretary
Entrepreneurs typically have a packed schedule since a hands-on approach is often necessary in the early days of a new business. It can become challenging to manage one’s day, which makes a helping hand useful.
However, with their limited budgets, startups can’t always afford secretaries. This leaves business owners overworked and stressed, leading to scheduling mistakes.
AI levels the playing field. An AI day planner built into systems such as Me.bot can assist organizations of all sizes.
Such systems consider the individual needs and preferences of your business. With this wisdom, it’ll plan productive, efficient, and workable schedules for every new interaction.
7: Keep Up With Industry News
As an entrepreneur, staying appraised of industry developments is crucial. If you do not, you’ll get left behind. However, filtering important news takes time, which you do not have.
An AI assistant can sift through both clickbait and spam, providing relevant news updates in your preferred format. It can also condense complex articles into their main bullet points for easy and quick reading.
ADI systems understand you and your interests. They can even detect if you’ve been more interested in certain topics than others recently. Then, it’ll adjust your newsfeed to deliver what’s relevant to those subjects.
Get the Entrepreneurial Support You Need
Managing a startup on your own can be tiresome. As the saying goes, “two heads are better than one,” and ADI systems can boost your efforts by being your second brain.
Get the entrepreneurial support you need and deserve by using AI tools to take your efforts to the next level. On top of organizing your life, they can also generate ideas you’d never dream up on your own and help you put them into practice.
So, sign up for Me.bot today to get started on tapping into your second brain. It’s free to use, too.
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