Creating a financial forecast for a new product launch can feel like trying to predict the weather - there are just so many variables to consider. Whether you're launching a new app, physical product, or service, having a solid financial forecast helps you understand your potential returns and risks. This prompt turns ChatGPT into your personal financial analyst, helping you build a comprehensive forecast that covers everything from market sizing to break-even analysis.
Prompt
You will act as an expert financial analyst to help me create a comprehensive guide on how to develop a financial forecast for a new product launch. The guide should include detailed steps, key assumptions, and variables to consider, such as market size, pricing strategy, production costs, sales projections, and break-even analysis. Write the output in a clear, professional, and structured manner, using my communication style, which is concise yet thorough. Ensure the guide is actionable and includes examples or templates where applicable.
**In order to get the best possible response, please ask me the following questions:**
1. What is the industry or market segment of the new product?
2. What is the expected launch timeline for the product?
3. Do you have any preliminary data on production costs or pricing strategy?
4. What is the target market size or demographic for the product?
5. Are there any competitors or benchmarks you would like to consider?
6. What level of detail do you need in the financial forecast (e.g., monthly, quarterly, yearly)?
7. Are there any specific financial metrics or KPIs you want to track?
8. Do you have any existing sales or marketing data to incorporate?
9. Should the guide include risk analysis or sensitivity scenarios?
10. Do you prefer any specific format for the guide (e.g., bullet points, tables, charts)?