Hi r/BusinessBritain - I'm still doing my thing of helping UK businesses, here's my latest attempt

Law firms are still eye-wateringly expensive. Why not use the tools they'll be using and skip the middle man to reduce your risks, and get deals 80-90% done before you call a lawyer.

They'll all be using AI like this soon - A 2023 Thomson Reuters Survey found 82% of law firms believe generative AI can be efficiently applied to legal work.

Reddit's community of business subs have taught me so much over the past decade, so I'd love to try and give something back to y'all and hopefully you'll save some £/$ in the meantime.

This means you'd get to use our AI Legal Assistant completely free of charge.

Note: The Assistant switches AI models depending on technical needs, including fine-tuned GPT3.5, GPT-4 and Anthropic's Claude II, and we are developing our own models.

I know it's just a v1, but you can:

• Import a legal document of any length and complexity (e.g .docx) OR use one of our 1400+ free templates)

• Ask questions (and get responses referring to specific clauses or schedules)

• Get answers increasingly tailored to you the more you use it (we can recall a large context of previous chat)

• (Coming soon 2023) - Create entirely new documents from scratch

• (Coming soon 2023) - Clause by clause Red-Amber-Green Risk Review of your documents

• (Coming soon 2023) - AI makes suggested changes in-line for you to approve/decline

• (Coming soon 2023) - AI vs AI Auto-negotiation

• (Coming soon 2024) - E-sign

Examples prompts based on the way early beta testers have been using the AI Assistant include:

• "Summarise this document in simple terms"

• "What are my main liabilities as the Supplier?"

• "Identify my key risks and obligations in this contract"

All we ask in return is that you reply below with your honest feedback—comments, concerns, any necessary fixes or suggested improvements. Anything that can help make this tool the best it can be for users like you. (p.s I KNOW onboarding could be improved - sorry about that 😅)

So, if you want to review your own employment contract, a recent piece of paper sent over by a client or supplier, or you're just interested in having a look for when you might have a legal question - please head on over to https://app.genieai.co/signup to create a free account.

Thanks so much in advance, Reddit! Your insights and expertise truly mean the world to us.

Keeping fingers crossed and hoping to hear from you soon!

Cheers

Ever since I started working I wanted to start a business of my own. Aside from one failed business, I have not been able to.

       1. The first potential business I tried was in trading of certain item A. I did the appropriate market research, product price study at retail stores, surveyed manufacturers, found one and ordered samples. I did not run a pilot because I was afraid of failing but now realise that it would not have worked because the sale volume would be too low.

       2. The second potential business was in trading an item B. I did a study of the buying and selling prices, approached few buying plants, sold a batch on my own. I found the transportation and labour expenses would be too high to justify the margins. 

       3. The third attempt was again in trading. Found potential buyers, surveyed manufacturers, approached one, bought samples, ran a pilot, sold some quantity but it was very little per month. No scalability.

       4. I observed options other than trading. Development in a relatively easier application, but that would result in getting a full time job. Another option was remote maintenance solutions but the specific application I was studying lacked a need in the market, other applications already have established players.

I must be missing something. Trading of established items is proving difficult to scale, manufacturing is capital intensive, innovation requires field expertise, capital and a returns-in-the-long-term mindset.

How do I find good business opportunities that will translate into functioning businesses?

I would appreciate any sort of feedback and also recommendations on communities where I can at least get guidance and a sense of direction.

Thanks for your time.