20% of revenue is lost to manual work

Compound Leverage

Issue #0054

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Before I start: If you want to skip the trial and error on what to use AI for get ready-made templates, the THINK AI Toolkit has everything to help you. Now on to today’s article.

You learn a great deal by putting yourself under review.

I came across an IDC statistic that stopped me in my tracks: the average $1 million business loses 20-30% of its revenue to manual work.

For a $500,000 business, that's $150,000 annually.

The irony wasn't lost on me.

Here I was, teaching efficiency, yet my audit revealed that manual processes were costing me money that I'd never properly accounted for.

Understanding what to focus on in your AI projects becomes critical.

Automating with AI on the most manageable tasks, not the most valuable ones, has a big impact.

The breakthrough insight?

THINK can help you identify not just the manual tasks you have, but which ones are costing you.

Strategic prompting can lead you to the answers to move from Task to Hypothesis.

Walk through these steps and see what you uncover.

STEP 1: AI-Powered Revenue Leak Discovery

Strategic Prompt: "I run a [business type] generating $[revenue]. Based on the average 20-30% manual process inefficiency rate, help me identify which types of tasks are costing our company the most money."

STEP 2: Strategic Task Prioritization

Strategic Prompt: "Here are my manual tasks: [list]. Rank them by automation ROI based on frequency, cost per occurrence, error rates, and revenue impact. Which tasks are most likely contributing to my 20-30% inefficiency?"

STEP 3: Hypothesis-Driven Selection

Strategic Prompt: "For my top revenue-draining task, generate automation hypotheses: Conservative, Realistic, and Optimistic scenarios. Include expected cost recovery and implementation requirements."

Take the information you learned from these prompts to walk through the five steps to find where AI can assist you with “what to do”.

  1. The Discovery: Do a self-audit to reveal what manual work is impacting your revenue

  2. AI Analysis: Instead of automating everything, focus on business outcomes with strategic prompting

  3. Strategic Hypothesis: Build a hypothesis with strategic prompts

  4. Results: Identify the ROI you expect by reducing the manual work (use our ROI calculator to get started)

  5. The Key: AI helped me identify the right tasks first, maximizing ROI

The AI Hypothesis with Strategic Prompting is part of what we go into in our THINK AI Toolkit.

Identify your highest-value automation opportunities to recover hidden revenue.

Marvin

P.S. Four ways you can get started with THINK:

  1. Free: THINK Email Course (learn the methodology)

  2. Adoption: THINK AI Toolkit Get 20+ plug-and-play ways to use AI, ready-to-use templates, and step-by-step guidance to compound with AI. Use internally or with clients. $97 (increases to $147 soon)

  3. Assess: THINK Evaluation Book a complimentary 20-minute call to discuss how THINK can help you with a business outcome. (Limit to 5 bookings)

  4. Implement: Strategic Prompting Course Join the waitlist for the Strategic Prompting with THINK Course

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