REX Roundtables, Fitness Businesses & ChatGPT
As I finish the first round of REX Roundtables for 2023 (4 in Australia and 3 in the US) the biggest takeaway by far has been the capabilities of ChatGPT. In just 60 minutes of our meeting we have discovered ways that businesses can use this to:
- Write operational manuals;
- Draft member letters;
- Save time on blogs (even start writing blogs);
- Reduce business costs; and
- Open our business minds of what is possible.
Now, before you pile on and say “Be careful JT, this is AI and it is fraught with danger.” Let me say, that we simply explored and began the education process of how this could be used in business. We looked at the opportunities and efficiencies that it could give our business. The emphasis was absolutely on ‘could’ and that we need to better understand how we could use it.
I do want to share that individually many owners had looked at ChatGPT. They had even played with it. They then left it thinking too hard or not relevant to them. When REX Roundtables come together, there are 10+ owners sharing how they think they can use it – this automatically gives us 10 simples hack to business that this platform can help with. Add in another layer of how members from other REX groups use it and we have an even bigger brain dump. The final layer is experiences the REX Chairs have with ChatGPT and I would suggest you now have a comprehensive list of ideas for using this in your business.
The discussion around ChatGPT is just one example of the benefits of being on a REX Roundtable. Of course there are numerous others, but after the last round of REX meetings I am confident to say, that our ChatGPT discussion and the lesson learned will cover the cost of being a member of REX Roundtables for at least 12 months.
You don’t have to miss out on these conversations, you can join REX Roundtables in Australia or the US with me or Europe with Fausto. Send me a note and we can chat about what is REX and how you’ll benefit – personally & professionally.
What is ChatGPT
Deep learning methods are used by OpenAI’s huge language model CHATGPT to produce responses to user input that are human-like. It may be used for many different jobs like language translation, question answering, and text completion because it is built to comprehend and generate natural language text.
The “GPT” in CHATGPT stands for “Generative Pre-trained Transformer,” which refers to the model’s architecture and training procedure. CHATGPT is a big language model created by OpenAI. The model can produce text that is coherent and contextually relevant since it has been pre-trained on large volumes of text data from the internet.
Many applications, including chatbots, virtual assistants, and customer service, can make use of CHATGPT. It is an effective tool for communication and automation since it can comprehend and produce language that is similar to that of humans. But, it’s crucial to remember that CHATGPT isn’t flawless and occasionally commits mistakes or produces unsuitable results, so it should always be used with care and under the supervision of a human.
For more info on REX Roundtables at www.REXRoundtables.com
Justin is the Managing Director of Active Management, which he began January 2004. He offers coaching to businesses worldwide in everything from start up and design to marketing and sales systems. Justin also facilitates four Australian and New Zealand ‘fitness industry roundtables’ events, which allows him to see a huge cross section of business models.