When does an idea become a business?

Business Ideas are worth chasing

As an entrepreneur, I have new ideas come to mind almost daily and I always struggle with whether each new idea is a new business opportunity or simply another idea.

Sound familiar?

Ideas are things that often come naturally to entrepreneurs. Were almost plagued with having an unlimited supply of ideas always flooding our minds.

Throughout my career, I’ve started several side projects that I would consider potential viable businesses. Sometimes I wonder if I’m just getting too ahead of myself or if I need to back off all the “great ideas” I have. But the more I think about it, the more I’m confident in starting any idea that comes to mind. Or at least giving it a chance to become more than an idea.

You never know what business idea will stick, so I think it’s best if we all just took a chance with every idea that comes to us.

In order to get the most of our ideas, it’s important to do a few key activities that will give every idea a chance.

Keep Track

So, since we think ideas are great and every idea deserves a chance to become a business, the one thing you want to be sure you’re doing is keeping track of all your ideas. This can be as simple as using the notes app on your phone or carrying around a notepad with you. I personally use the new not taking app called Bear. It’s available for iOS and MacOS so I can sync all of my devices and always have my notes availble. Another alternative would be Evernote.

Make a Plan

Keeping track of your ideas isnt enough. You need to make a plan for testing the idea and determining whether its a viable business idea or not. If you dont make a plan to get your idea to market, it will always just be an idea.

Do Regular Checkups

At least month, you should do a checkup on your ideas list. This is so you can look at the ideas youve had to this point and make sure you havent forgotten to set a plan for an idea you’ve had in the past. Or maybe you want to revisit an idea and decide that it’s not worthy of testing the market, so you need to remove it from your list. Whatever the case, you should do regular checkups on your list so your ideas don’t just sit on the list and never see any action.

Take Action

At the end of the day, the most important thing is that you’re taking action. Ideas are great and I firmly believe that every idea is worthy of exploring it’s viability as a business. But no idea will ever become more if you never take action.

So spend time coming up with ideas, write them down, set plans in place, do checkups, and take action. On every idea, no matter what. You never know what might come of a random idea.

Anything else?

What else do you think is important when deciding whether ideas are worth chasing or not?

Perfectionism (Procrastination) is costing me millions

For the past 10 years I’ve followed some amazing bloggers and online marketers and learned a ton of valuable information about how to start an online business.

That’s great and all, but the real story is that for the past 10 years I’ve failed to launch my own blog and/or business online and my mental excuse is always, “I just want to get it right.”

Maybe you can relate. Maybe you’ve failed to launch the blog you think about every day just because you think you need to get it right.

Or, perhaps it’s not perfectionism that’s holding you back. Maybe, like me, you just turn to that excuse because you’re afraid to admit the truth. You’re really just procrastinating.

That’s where I’m at. Procrastination is my problem. It’s costing me millions. Millions of visitors, perhaps. Or maybe millions of dollars. Or just simply millions of hours of happiness that comes along with blogging and doing something you truly enjoy doing.

It doesn’t have to be perfect to be successful, or to be enjoyable. But it does have to start.

So that’s what I’m doing today. I’m starting. I’m no longer blaming perfectionism when I just don’t feel like writing today. I’m no longer blaming perfectionism when I’m just too busy and “can’t find the time”. I’m no longer blaming perfectionism when I watch TV instead of writing or working on my business.

Bigger than those, I’m no longer blaming the fact that I’m not good at this. This post isn’t well written. It’s not going to go viral. It’s simply me starting. And that makes it huge.

Maybe you can relate. If so, I’d love to hear from you and join you on your journey.

This thing called business and life is so much easier with other people. So let’s tackle it together.

Comment below… what’s your struggle?