Got Your Own Business Ideas? How I Implement My Own Biz Ideas July 2, 2010Posted by SBDC in Small Business General.
Do you have your own business idea that seems to follow you where ever you go? I’ve got my own business ideas too and they used to pester the heck out of me. In this (rather lengthy) article I’ll share how I evaluate my own business ideas and decide which ones to move to the planning stage. I think the main take away in this article is the resolutions I’ve come to about what types of businesses I will and won’t get involved with and I even share why. I’ll try to make this information applicable to folks who are just starting out in entrepreneurship and to small business owners that might be looking at different business models that deliver results, which is what brought me to the Internet some years ago.
Making Money With You Own Business Idea
The best place to start is what I’ve come to learn as the most important thing to know about any business idea, whether it’s your own or someone else’s:
Business ideas, even your own business idea, won’t make you one red cent, penny, $.01, no money. Great ideas are a dime a dozen and at some point I had to get over my love of coming up with great ideas and start taking action. Taking action is the key to everything and an ounce of action is worth more than a ton of thought thought or talk when it comes to determining whether you’ve got a keeper or not. Here is what I mean; Most successful business ideas started out much different than they are when they are successful and the “thing” that makes the idea evolve, change, or innovate into a great and profitable business idea is action. Action creates results and those can be analyzed and the used to tweak you business idea, you business model, your cash flow model, your marketing message, should I keep going? You see what I mean, huh? No one, not even the big dogs come up with the perfect idea, the business world in this millennium just does not operate that way. Every idea, every innovation, every new product or service you develop is really a spring board for the next and if you can get your mind around that AND apply it to you own business idea, you’ll have success.
So How Does One Make Their Business Ideas Successful?
Here is what I think. If you got your mind around what we just looked at and had little moment of clarity, the next logical question is, “OK, How Do I Do That?” The approach that has worked for me is to just do something (action); Evaluate the results; then implement and take action on what you find and repeat the process. I know it sound corny, but the “how’s” show up when you really, really want to do or achieve something. It just works that way doesn’t it. So if you feel at all stuck in making your own business ideas successful I’d figure out what you really, really want and emotionally attach your business success to getting it. I used to tell my employees, “Working hard takes care of a lot of problems in life”, people can say what they want about money and happiness and work life balance, but here is what has come to work well for me in this regard:
- Work from purpose so I enjoy what I’m doing.
- Keep my goals and what I really want in focus so I don’t become my work.
- Always work and build the business in a way that allows me to walk away if I need to.
- Don’t manipulate myself to achieve something and not follow through with the “reward”.