Business Opportunities Weblog

February 17, 2005 by Dane Carlson | 1 Comment

USA Today:

The bad news about starting a business is that good ideas are not really that hard to come by. Every business you see when you open the Yellow Pages began as someone’s great inspiration. What did it take to turn that great idea into a successful business? How much time, effort and money was involved? You can bet that the entrepreneur who started that business on page 1101 probably had little idea how difficult it would be to turn his vision into a good business.

Finding a good idea is just the beginning; the trick is being able to successfully implement that idea. Einstein said genius is 1% inspiration and 99% perspiration. That is as true in business as it is in science. Not only must you come up with a good idea, but it also must be a good idea that you can move on.

One of the very first ideas I ever had for a business was for an international treasure hunt whereby my customers, the contestants, would be given clues that would lead the winner to a stash of hidden diamonds in some exotic country. Along the way, the contestants would have a great vacation. While certainly a big and interesting idea, I didn’t have either the money or the resources to carry out my grand vision. I wasted plenty of both before figuring that out. I don’t want you to make the same mistake.

Look around. Are there any similar businesses to the one you want to create? If not, that should tell you something. Maybe your idea is so cutting-edge that no one else has thought of it. That may be good later on, once you know how to start and run a new business, but the beginning of you journey is not a good place to boldly go where no entrepreneur has gone before. Now is not the time to lead, it’s the time to learn.

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