The Online Community for Food and Beverage Startups

   4 Ways To Use ChatGPT Today       To Build Your Business   

Hey , 

Have you heard of ChatGPT? It's an AI chatbot that can answer almost any question you have and complete complex tasks for you. How can it be used? I asked ChatGPT to write today's newsletter introduction with a few prompts to show you its power:Good morning, Foodbevy community!

We hope this email finds you well on this Monday morning. We have an exciting announcement to share with you all: ChatGPT has joined the Foodbevy community!

For those who may not be familiar with ChatGPT, it is an advanced language processing tool that can assist founders in a variety of areas, including financial forecasting, marketing, social media, and even copywriting. In short, ChatGPT is here to help you build your food and beverage business.

So, how exactly can ChatGPT support founders like you? Here are just a few examples:

1. Financial forecasting: ChatGPT can analyze past sales data and industry trends to help you make informed decisions about your financial future.

2. Marketing: Need help crafting the perfect social media post or email campaign? ChatGPT can generate copy and ideas based on your input, saving you time and effort.

3. Social media: In today's digital age, a strong social media presence is crucial for any business. ChatGPT can assist you in creating and scheduling social media content, as well as analyzing its performance.

4. Copywriting: Whether you need help writing product descriptions, website copy, or even blog posts, ChatGPT can generate high-quality content for you.

We hope this introduction to ChatGPT has piqued your interest. We look forward to seeing how it can support the growth of your food and beverage business.

Best regards, The ChatGPT Team--------Everything above was written by the ChatGPT AI, with no human input. While it's not perfect (ChatGPT is no an official partner yet), it was able to write this intro in 10 seconds. Are you using ChatGPT? Let me know how!

WEEKLY UPDATES

   Five Ways You Can       Mitigate Supply Chain       Issues in 2023   

As a brand, you want to ensure you can deliver to retailers every time. COVID changed that. Showing up on the shelf became more challenging and more costly. Your business struggled through two-plus years of unimaginable setbacks. And then, once the pandemic threat began to wane, inflation began to soar. Consumers who were once desperately seeking your product are now looking for lower-cost alternatives. It’s these kinds of setbacks that have taught those of us in the industry that we must stay nimble in the face of inevitable change, and abreast of trends and potential shakeups coming down the pipeline. What does that mean for you? Here are five ways you can strengthen your supply chain.

   Pros and Cons of a       Business Line of Credit   

As a CPG brand, debt can be an important tool to grow your business. It's important to understand when to use a business line of credit and the problems to avoid. Learn if a business line of credit is right for you in our article here.

   Custom Shopify Websites   

Every brand needs a great website experience to stand out, but using Shopify templates will only get you so far. That's why I'm excited to introduce our newest partner, Erin Vaage from Wren Digital. They design and develop custom Shopify websites for food and beverage brands. Need some help? Get an intro to Erin today.

   CFO SUPPORT       FOR EMERGING BRANDS  

Looking to get a hold of your finances but can't afford a CFO?myPocketCFO is building a digital CFO for emerging CPG brands. Alice built the service to support accounting, analytics, reports, forecasts, integrated financing, and capital options.Trusted by:- B.T.R Bar- Nemi- Twrl M!lk Tea- KindrootTry out their financial services for just $99 for 3 months (a Foodbevy Special), then just $199/month after. Click here for an introduction.

   MANGE AND MEASURE TRADESPEND  

Do you have a grasp on your promotions and trade spend? Check out Promomash to access actual product sales, shipment and trade spend data within a single platform to inform better decision-making and improve profitability.

STARTUP TO SCALE PODCAST

79. [Problem Solved] Life as a CPG Founder and Parent

In episode 2, Alex Bayer, founder of Genius Juice asks how life changes as an entrepreneur when you become a parent. Aaron and I are both parents of young kids and share our perspectives as dads. We discuss:

• Having Kids can Make You a Better Founder

• Organization and Time Management

• Management of Mental, Physical, and Emotional Health

Listen on Apple Podcasts or Spotify

DISCOUNTS

Stripe is now providing $70,000 in fee-free processing for new and EXISTING customers. Save over $2000

NielsenIQ Byzzer platform provides data for emerging CPG brands. You can access 3 free reports using this link.

Mindful Goods is an awesome Amazon expert that can quickly get you started or optimize your pages for strong ROI. Get 10% of their services  use code FOODBEVY.

Maverick allows you to create individually personalized videos (with a customer's name) welcoming them to your community.