fbpx

#0039 The Silver Bullet you have been looking for

Have you been SEARCHING for a silver bullet that will kick start your business and make you a million dollars?

You are not alone. People spend years LOOKING, try a few, maybe make a few bucks, maybe loose a few and then go looking again.

Does it really exist??

There are thousands of examples of people out there who HAVE found that million dollar idea so what did they do different to you or I?

In my view there are 4 major factors, one or more of which seem to be in play for every example I have come across.

  1. Timing: right time right place
  2. Unique Idea: Unique, interesting and popular.
  3. Execution: Methodical, calculated and consistent execution.
  4. Funds: enough capital to keep going even if its initially a loss.

For most of us, the thing we can most CONTROL of these four is the execution. Building PROCESSES to run your business, breaking the process into sections, measuring each one and them improving on the process.

For example: Instead of just going out there and TRYING to sell your product or service with NO real methodology, create yourself a sales process. Break it into a number of small steps (not just 1 or 2, maybe 10 to 14 steps) set guidelines and EXPECTATIONS around each one of these steps and start to MEASURE them. After a little while you will know if each step works or needs refining.

Test, measure, refine, test, measure, refine (never stop this cycle, it can always be better)

Do this in the major areas of your business and you WILL see results. It may not be the silver bullet you were looking for but I BET it will make a significant difference to your results.

What do you see as the major influencing factors for the Million Dollar ideas you have seen out there?

28 Comments

  1. jewels – this is solid information. Even in this tough econmony, funding can be a huge differentiator in pursuing a market (even better if the VC can help you IN the business, too).

    Thanks,

  2. Attractive section of content. I just stumbled upon your blog and in accession capital to assert that I acquire in fact enjoyed account your blog posts. Any way I will be subscribing to your feeds and even I achievement you access consistently rapidly.

  3. Hi – very great site you have created. I enjoyed reading this posting. I did want to write a comment to tell you that the design of this site is very aesthetically pleasing. I used to be a graphic designer, now I am a copy editor in chief for a newspaper firm. I have always enjoyed functioning with information processing systems and am trying to learn code in my spare time (which there is never enough of lol).

  4. I feel like you could probably teach a class on how to make a great blog. This is fantastic! I have to say, what really got me was your design. You certainly know how to make your blog more than just a rant about an issue. Youve made it possible for people to connect. Good for you, because not that many people know what theyre doing.

  5. The next time I learn a blog, I hope that it doesnt disappoint me as much as this one. I imply, I do know it was my option to learn, but I actually thought youd have one thing fascinating to say. All I hear is a bunch of whining about something that you might fix if you happen to werent too busy on the lookout for attention.

  6. After study a number of of the blog posts on your website now, and I really like your manner of blogging. I bookmarked it to my bookmark website checklist and will be checking back soon. Pls check out my website online as nicely and let me know what you think.

  7. That is the precise blog for anybody who wants to find out about this topic. You understand a lot its virtually arduous to argue with you (not that I truly would want…HaHa). You definitely put a brand new spin on a subject thats been written about for years. Great stuff, just great!

  8. keep up the great work on the site. I love it. Could use some more frequent updates, but i’m sure that you have got other things things to do like we all have to do unfortunately. =p

  9. I’m impressed, I must say. Actually not often do I encounter a weblog that’s each educative and entertaining, and let me let you know, you have got hit the nail on the head. Your idea is outstanding; the difficulty is something that not sufficient persons are talking intelligently about. I’m very happy that I stumbled throughout this in my seek for something referring to this.

  10. actually like the post that you published actually. it really isn’t that simple to discover great stuff to read (you know.. really READ and not simply going through it like some zombie before going to yet another post to just ignore), so cheers man for not wasting my time! :p

Leave a Reply