AI: How To Convert Your Old IP, Content & Ideas Into New - 'It's a lot easier than you think!'

We begin with a youngster who used ChatGPT to build a $6Million app - 'I had zero software experience. ChatGPT taught me how to build the app and then ChatGPT provided the main functionality for the app. It was pretty much entirely built by chat GPT.'

Then we explore how to use AI to convert your old IP, content & ideas into new update material.

Welcome to Issue 77 of 1idea

Blake Anderson underscores (in the video below) why we have been actively encouraging everyone to get into AI: 'It was the simplest app you could possibly imagine. It's a lot easier than you think.'

OMG, what I'd give to be a youngster again as opposed to being on the verge of my 70th birthday (Nov 2024).

Nevertheless, given the tons of life & business experience collected over those 70 years, I thought to share how we oldies are exploring the task of how to use AI to convert your old IP, content & ideas into new update material.

This is good news for everyone who has kept copies of everything they have ever shared to inform, educate and/or mentor anyone in their circle/s of influence.

Whether you have been in Business, Academics, Government, Sport, et al. Whether a Professional, Artisan or layperson.. AI gives your quality information the opportunity of renewed life and longevity.

In our last issue - Issue 76 - AI: Analysis of 'Cracking The Millionaire Code' - I talked of how, many years ago, we at - WISDOMS? - hosted a series of 'Million Dollar Initiatives' workshops in 5-star hotel boardrooms to expand the minds, ideas and potential opportunities for promising business operators in our various networks.

In this issue, I want to demonstrate how simple it is to use AI to update the old notes that we had prepared from those days.

I began by asking Phind.com - 'Are you able to distill and summarize a document that I have?'

Phind.com replies: 'Yes, I am able to distill and summarize a document for you. As an AI assistant, I have the capability to analyze and condense long pieces of text into key points and main ideas.'

I ask: 'Can I paste a copy of the document text here for you to distill and summarize?'

Phind.com replies: 'Absolutely! You can certainly paste a copy of the document text here for me to distill and summarize. This is actually one of the best ways to share your document with me. Here's how we can proceed:' (and proceeds to tell me how to do it).

Here's the distilled summary and revised layout of the document that Phind.com returned:

Cracking The Millionaire Code Workshop Summary

Introduction

Hi to ALL 'Cracking The Millionaire Code' Participants

From yesterday's workshop session input from everybody, I was left with no doubt that The PALAZZO makes one feel like 'a million dollars'... from the 'million dollar' shoeshine experienced by Hugo... to the 'million dollar' tea/coffee service offered to our attendees... delivered with consistent 'million dollar' smiles from The PALAZZO staff.

Potential Marketing Campaign

Hmmm... The PALAZZO - Makes YOU Feel Like A Million Dollars - is there the beginnings of a slogan or byline or CSR/marketing campaign in there somewhere that we can use to uplift an entire community?

Acknowledgments

We must convey our heartfelt special thanks to:

• The PALAZZO General Manager Mark Sawkins
• Deputy General Manager: Roger Petyt
• Banqueting Co-ordinator Debra Geddes - Tel: (011) 510-3000 for continuing support, privilege and provision of a SUPERB venue & service.

Prototype Process Review

i. Getting-to-know each other session (2 hours x 2 sessions):

• Friday at 10 a.m. to 12 Noon
• Friday at 3 p.m. to 5 p.m.

ii. First Million Dollar Idea (MDI) session (Saturday Morning, 4 hours):

• Held in The PALAZZO's Boardroom
• Worked through 5 MDI's

iii. Second MDI session (Friday afternoon, 4 hours):

• Held in u-shaped workshop format in The Costello Room
• Worked through another 5 MDI's

iv. CSR/CSI strategy workshop (Friday afternoon, 4 hours):

• Held in round-table layout in The Costello Room
• Workshopped ideas for The PALAZZO CSR/CSI strategy and related MDI's

Workshop Structure Consideration

With some quality fine-tuning of the MDI delivery-structure we could move through the process in a two-day seminar/workshop format (gives us a 2 X 6-hour working days format).

Workshop Content Overview

Yesterday began with a rapid-fire scratching-the-surface overview of just a few pertinent extracts from 'Cracking The Millionaire Code' and 'Confessions of a SERIAL Entrepreneur'.

Key Concepts Covered

(Ed's note: To drill down deeper into the principles and codes summarized below, you will need to get your own copy of the book or ask deeper questions of your favourite AI platform.)

1. The enLIGHTened Principle (from Cracking The Millionaire Code):

L - Loverage - sharing your love of abundance with others - promulgating the concept of 'giving to give' business endeavours.

I - Inner Wealth - converting your intangible inner?gifts, passion, skills, talents to?tangible outer wealth.

G - Giving - base your business?on giving, fair play, honest, sharing principles -?give to others, your family, yourself.

H - Higher Power - consider the DIVINE possibility that you are not 'alone' in your life journey?- a universe of abundance.

T - Trustee - consider that money may be attracted to those stewards that can be trusted to make a difference in society.

(Added for context from original doc): I must acknowledge Ivan Andersen's presentation of Johnny The Bagger. Anyone who thought that the LOVERAGE behind an enlightened MDI doesn't come?at an enormous emotional price had that thought completely erased by Ivan's?emotion-charged input.?Enlightened MDI's require your 100% heart and soul commitment... nothing less! Voluntarily chairing a multi-million-rand school development for the mentally challenged?is LOVERAGE of the highest order. We salute you, Ivan

2. The 4 Key Cracking The Millionaire Codes (from Cracking The Millionaire Code):

Destiny Code - Discovering where your gut, passion, enjoyment, pleasure derive from tells you where your life's work should be played out.

Prism Code - Creating your vehicle to achieving multiple streams of wealth.

Angel Code - The team of people that will help you achieve your dreams.

Star Code - Your STAR customers who purchase your product/service and spread the word.

3. Millionaire Code PRISM Patterns (from Cracking The Millionaire Code):

P - Primary Products - e.g. Automobile

R - Related Products - e.g. Spare Parts, Accessories

I - Information Products - Data information,?Direction signage,?Consulting,?How-to systems.

S - Services - Manufacturing, Design, Distribution, Marketing, Sales, Protection, Enhancement, Humour, Advertising, etc.

M - Media - Merchandising, Entertainment,?Experience,?Hobby,?Toys and games, Associations, Business opportunity, Personal endorsement

4. Questions To Ask To Find My Destiny Code (from Cracking The Millionaire Code):

Passion - What do I love to do?

Talent - What am I good at?

Values - What is important to me?

Destiny - What was I born to do?

5. 21 Wheel of Wealth WOW Factors (from Cracking The Millionaire Code)

As posted from personal files in Issue 76 - AI: Analysis of 'Cracking The Millionaire Code'

(Added for context from original doc): Moving on to the workshop session, we broke into 3 round-table groups after viewing the SIMPLE essence of concepts such as the Johnny The Bagger story and its compilation into an?Information Product and Seminar commanding $1000 per head, and the Tingler, which generated $10 Million in sales for two committed women entrepreneurs.?

(Added for context from original doc): Ivan and I also shared how we had gained from the collective input and interest to see the morphing of Murdoch Inc. into the new mdiVENTURES, leading to the development of the mdiACCELERATOR business collaboration tool.?

(Added for context from original doc): Again, in preparation for the workshop, from Confessions of a SERIAL Entrepreneur we reviewed at warp-speed the concepts of:

6. Rewinding The Movie (from Confessions of a SERIAL Entrepreneur):

End - describe the end result of the project in visual terms, what revenue was generated, what residual revenue is sustained

Middle - now visualize the middle point of the 'movie' plot (i.e. the project).

Beginning - visualize how the 'movie' plot begins to get you to the mid-point and end.

7. Projecting the 3 Key Indicators for the Project (from Confessions of a SERIAL Entrepreneur):

Revenue - successful projects begin with sales / revenue / income, ideally beginning from a cash-flow positive in-flow of funds from day 1.

Costs - keep a beady eye on project costs to ensure that they are more than covered by revenue / income.

Profits - Revenue minus Costs = Profit - a fundamental concept emphasizing the importance of profitability, which is the ultimate goal for most businesses / projects. By understanding this equation, entrepreneurs can focus on strategies to increase revenue and reduce costs.

8. MBC - WIIFM (from Confessions of a SERIAL Entrepreneur):

Elevates all 3 KEY players in every business transaction to EQUAL status:

Me - What's in it for me? The Employee as KING.

Business - What's in it for me? The Business Owner / Key Stakeholder/s as KING.

Customer - What's in it for me? The CUSTOMER as KING.

9. The Vending Machine Process (from Confessions of a SERIAL Entrepreneur)

10. The 1-Page Script (from Confessions of a SERIAL Entrepreneur):

Vision

Aim

Objectives

USP

Targets

11. Working to SMART Objectives (from Confessions of a SERIAL Entrepreneur):

Specific

Measurable

Achievable

Realistic

Time

(Added for context from original doc): Bearing in mind the MBC - WIIFM thinking, we need to be aware that The PALAZZO CSR/CSI project?will be of great personal, emotional, achievement-oriented, group-learning, philanthropic value - community upliftment - to those who get their teeth into it. The other MDI's have financial reward benefits thrown in. And given that most honestly aspire to building multiple?income-streams, it is important to make an honest assessment of which projects can generate revenue and what you'd like to see flowing in for your contribution to such project.

(Added for context from original doc): As with the mdiACCELERATOR that Ivan and I have developed to demonstrate zero-downside risk (if we cannot demonstrate upside we make nothing)?to any business owner's project that we?engage in,?with?a fixed formula to participate in the upside, so you need to begin assessing what?YOU will be worth to any of the above projects that take your fancy?and what return you'd like to receive for your input. For some it will be financial, for others it will be learning and personal growth, for some an experiment in philanthropy, and for some a combination of all three. Every person is unique, and you will need to tell me what will get your juices flowing to be in this game.?

(Added for context from original doc): I'll need you to think in terms of the contribution that you believe you can make to revenue and/or bottom-line profit and the specific financial return (in Rand value) that you like to receive for what you do.?

(Added for context from original doc): Given that we hope to be opening up projects to?working in teams of 5?people per project (excluding Ivan and myself), you need to give thought to the following as well (ends extracts from original doc):

12. Forming Project Teams (from Confessions of a SERIAL Entrepreneur):

WHY we should be working together - identifying team capabilities, resources, skills.

WHAT we'll be doing together - defining team objectives, success criteria & required outcomes.

WHO will be doing what - establishing deliverables, accountabilities, rewards & consequences.

HOW we will work together - defining team ground-rules.

Workshop Activities

We broke into 3 round-table groups after viewing case studies like Johnny The Bagger story and its compilation into an Information Product and Seminar commanding $1000 per head, and the Tingler, which generated $10 Million in sales for two committed women entrepreneurs.

Future Project Directions

The PALAZZO CSR/CSI initiative has the potential to be linked to:

• Community 100 Empowered project (Economic Hub development LSM 1 to 4's)
• Consumer Value Bundle prototype concept (Local Retailers & LSM 10 Consumers)
• The Ultimate Information Business concept
• SA Business Index
• The Money Profiler

Team Formation and Contribution Assessment

We hope to open up projects to working in teams of 5 people per project (excluding Ivan and myself). You need to give thought to:

• Forming project Teams
• WHY we should be working together
• WHAT we'll be doing together
• WHO will be doing what
• HOW we will work together

Call to Action

I need you to reflect on:

• What contribution you believe you can make to revenue and/or bottom-line profit
• The specific financial return (in Rand value) you'd like to receive for what you do
• Which projects excite you the most

Your feedback and input will be appreciated.

Closing Note

It's time to get the rubber hitting the road. From your input we will divide into WORKING teams and focus on bringing individual projects to life.

(Added for context from original doc) - My thanks for the fantastic feedback extract below:?

Hi Trevor: Subject: Yes, I Am Inspired: 'I admit to having only read 70 pages of your “Confessions of a Serial Entrepreneur” – but I am v-e-r-y impressed!? I am looking forward to the next 70-odd pages! You’re clearly someone who has not only read the best books on business, marketing, etc – but knows how to implement this information!'

'I have business ideas popping into my mind all of the time/I’m continually thinking of business ideas/I drive my friends crazy by continually turning the conversation into some or other money-making idea.'??

'It has been an inspiration to attend the MDI sessions – I’ve learnt a tremendous amount – not only from the presentations themselves, but by the questions you’ve been asking.? I know these are what I have to ask iro my business ideas.'?

'Thanks for doing what you’re doing!'

Please feel free to add your comment/s below.

Previous issues that focus on AI that you should deep dive into:

• Issue 76: AI: Analysis of 'Cracking The Millionaire Code'
• Issue 75: AI: The More Things Change, The More They Stay The Same!
• Issue 74: AI: Of TMI, Simplify & Humility
• Issue 73: AI: 'We're at a pivotal time in the history of humanity'!
• Issue 72: AI: Experience, Learn, Apply, Try Something NEW Every Day
• Issue 71: AI: How To Reverse-Engineer Billion Dollar Business Ideas
• Issue 70: AI: Everybody Must Ask Questions!
• Issue 69: AI & First Principles: Generate New Ideas. Refresh Old Ideas.
• Issue 68: AI: Let The Good Times Roll!
• Issue 67: Are YOU using AI as YOUR personal Ideas-Generating Machine?
• Issue 66: AI: Holds More Information & Knowledge Than Any Human
• Issue 65: AI: Open 'University Of Success'
• Issue 63: AI: Does 'Smarter' Technology Make Us 'Dumber'?
• Issue 61: AI: Explore POSITIVE Ideas To Put An End To The Horrors Of War
• Issue 60: AI: A Blessing or A Curse? YOU Decide!
• Issue 59: AI: We Have Seen The FUTURE.. and We LIKE It!
• Issue 58: AI: Show Me The Money!
• Issue 57: Creative AI Thinking - for new ideas, novel ideas & to improve raw ideas
• Issue 54: Why A.I. is too important to ignore. Do not wait until it is too late.
• Issue 52: A.I. vs. Old-Fashion Book Summary
• Issue 48: A.I. - an ABUNDANCE of IDEAS ..don't let A.I. pass YOU by (part 2)
• Issue 41: CORRUPTION is killing our world. Let's put AI to the task of stopping it.
• Issue 40. AI just became very real. Don't let this breakthrough idea pass YOU by.

If you're new to us it is recommended that you read issue 1: One Idea is All it Takes

About:?Trevor Nel is an 'ideas-generating machine' and co-founder of WISDOMS?. You can connect with WISDOMS? and become: 1. a PATRON and/or; 2. a PLAYER , and/or; 3. a PARTNER - follow each link for more info.

Next week:

Trevor Nel?is author of One Idea Is All It Takes and numerous publications & articles, including:

1. Another GREAT Day in Africa!
2. Confessions of a SERIAL Entrepreneur
3. Here's How To Be Well-Prepared For YOUR Cycles Of Success
4. Here's How YOU Can Make A Meaningful Difference In Other People's Lives
5. COMRADES Marathon: Metaphor For The Marathon Of Life
6. Riding the wild, wild River Of Life
7. Life Lessons Learnt as a Dusi Rat
8. Some simple life lessons learnt from 50 Midmar Miles

This post is brought to you by Trevor Nel co- developer of WISDOMS? DifferenceMakers? In Every City - https://lnkd.in/dABaNAcv - in collaboration with 1idea? - https://lnkd.in/dUytHMTj - the digital newsletter that explores the simple idea that just one idea can be all it takes to change YOUR entire life & business.

Coming soon.. to WISDOMS? DifferenceMakers? In Every City of the world: Preview the "Milliondollarize? Your Business Ideas"? masterclass - https://lnkd.in/d9Fkt72t - and learn how to turn YOUR ideas into profitable ventures. Discover the secrets to creating and executing million-dollar ideas in this exclusive masterclass, designed for aspiring entrepreneurs and business leaders seeking a transformative experience.