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7 Surefire Ways to Make Sure Your Ideas Don’t Take Off

7 Surefire Ways to Make Sure Your Ideas Don’t Take Off

So you’ve thought of this idea you think will change the way the world works. You go about creating a business plan, detailing it with bits and pieces of data to build up your point of view, and you even create a vision board to help you stay focussed on your end goal. You get a second opinion from someone you look up to and even they buy into your idea. You’re all set to roll, but there is something that’s holding you back, for some reason.

You think you need to think it over and you do that. And then you think some more. You finally convince yourself that maybe this idea is not the one and you fool yourself into believing that this idea will not work.

What went wrong? One day you think you have an earth-shattering brilliant idea and the next day you just give up. Did you fall into the bottomless pit from where fresh ideas never make it out? Maybe you just did one of these things.

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You gave in to self doubt

Most of us who come up with new ideas or new ways of thinking; question and then question some more. It’s not because we are not sure but because we want to make sure what we have is flawless, but we fail to understand that nothing that was ever created was without fault. Everything has its glitches or things we haven’t even thought of ,or just things that we missed. This can often lead us to believe that our idea will never work, without even giving it a fair shot.

You waited for someone to take the first step

Very often people who work in teams or are in partnerships wait for the other person to take the first step or to make the first move. This doesn’t ever work. Here’s a piece of advice: never ever wait for someone else. Your idea is your baby, it’s you and only you who has to make sure it comes alive. Don’t depend on someone else—they will never have the same feelings towards another person’s baby.

Lead from the front

This is an extension of the earlier point. Never wait for someone in your team to take the first step. It’s your brainchild—you have to do it. You start and lead from the front. You lead by example, the rest will look at your enthusiasm and will be automatically inspired to move, and once the ball is rolling, there is no turning back. You just have to make sure the ball stays rolling and you can do this by making sure you don’t stop.

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You over-complicated it

People who are analytical by nature have a tendency to back their ideas with loads of data and even more truckloads of statistics. This complicates things: ideas should be broken down to their simplest and purest form. Data and statistics can come in later, once the idea has come out in the real world. Not before.

There are ample cribs on forums where people have admitted to making this classic mistake of over-analyzing things. This habit, if not kept in check at the right time, will definitely make sure your idea stays where it is: on paper.

You involved too many experts

This again may sound like a good thing, but in essence and true to the quote, “Too many cooks spoil the broth”. Adding too many experts right in the beginning is never a good idea.

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Everyone comes with their own point of view and expertise and in the muddle to get their voice heard, the idea can often get lost or get too complicated. And just in case, you have to add people or have to work with many people, make sure you have the reins firmly in your hands. You be the one who guides and directs, if ever people stray off course.

You waited for the money

Often ideas or businesses don’t make money right from the word go. Some take time to mature and become part of everyday routine. A classic example would be Facebook: it took them many years to finally start making money, but that didn’t stop them—they knew that when the idea matured and the number of fans reached critical mass, the money would come. And it did.

Point is, don’t let money or the lack of it in the beginning, stop you. Invest some of your own money in your idea and nurture it. Just don’t let it die prematurely in your idea book.

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You gave up too soon

Again, not all ideas become overnight successes. Many take time to reach critical mass. All you have to do is keep at it and not give up. Remember the only way, your idea will make it big is if you keep working at it. Stop and it’ll die a premature death.

These are the top 7 things that make sure novel ideas never realise their true potential. Keep them in mind the next time you come up with an idea that you think will make the world a better place.

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Last Updated on May 15, 2019

10 Most Successful Entrepreneurs and What We Can Learn from Them

10 Most Successful Entrepreneurs and What We Can Learn from Them

Apart from making crucial decisions for their own businesses, entrepreneurs innovate and grow their ideas. Albeit there being no cookie-cutter answer that fits everyone’s experiences, taking a look at some of the most successful entrepreneurs today, you might spot some similar traits and characteristics.

Starting and nurturing a business entails a great amount of hard work and commitment. However, for aspiring entrepreneurs who are prepared to dedicate themselves to their vision, here are 10 most successful entrepreneurs you can learn from:

1. Melanie Perkins: Know Your Worth and Keep Trying

    Melanie Perkins founded Canva, a Sydney-based business valued at $1Billion having successfully raised a number of rounds of successful funding and boasting more than 10 Million users in 179 countries.[1]

    She told BBC that one of the biggest challenges she faced getting into the business was talking about her company’s accomplishments when she first got to Silicon Valley. She attributed this difficulty to a cultural difference where Australians tend to ‘talk down’ their achievements and this would slow down her fundraising progress for a few years.

    Despite hundreds of rejections, Melanie emerged three years later with a much clearer strategy and stronger investor pitch that prompted a series of fundraising rounds netting the company $82Million of funding in total.[2]

    2. Bill Gates: Keep Learning and Exploring

      If you don’t know Bill Gates, you likely know the company he founded – Microsoft.

      Bill Gates’ story is a prime example of nurturing an idea that might seem out of this world but make sense in the future. One of the most successful entrepreneurs in history did not complete his degree at Harvard University to pursue a vision that the technology would soon become the future.

      He told a white lie to Altair, saying that he had made a computer program for them, therefore pushing himself to create a system that would change modern history.

      “The most important speed issue is convincing everyone that the company’s survival depends on moving as fast as possible.”

      Gates’ success is built on self-improvement and the seeds of an idea.

      3. Elon Musk: Never Stop Innovating

        Traditional thinking suggests that in order to become a successful entrepreneur, one must focus in a single field or industry.

        Elon Musk, however, breaks that rule.

        Today, the multifaceted tech entrepreneur, investor, and engineer advocates for the diversification of skills and businesses by delving into various fields of interest.

        When done right, skills in a single domain can be carried over then applied into contrasting industries to create something new the world might need. Musk owes his accomplishments to a constant thirst for knowledge.

        Having birthed Tesla and a myriad of products across the arenas of aeronautics and software design, Musk continues to evolve as an entrepreneur and plans to innovate for the long haul.

        4. Richard Branson: Develop People First

          British entrepreneur Richard Branson founded Virgin Records in the early 1970s. Virgin Records has since grown into the Virgin Group, today responsible for over 400 companies.

          The billionaire is strongly particular about working with a team that shares his core values and aspirations.

          Branson believes that managing a business can become taxing, thus he acknowledges his employees for putting in the effort that they have.

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          A good leader knows how to raise morale for positive productivity. Utilising emotional intelligence and compassion is a game changer in seeing results within a team.

          Branson’s supports the idea of nurturing a positive work environment, with the belief that credentials must go hand-in-hand with an enthusiasm for work.

          5. Jeff Bezos: A Relentless Focus on Customer Satisfaction

            Having founded Amazon, Jeff Bezos is known to be one of America’s most successful entrepreneurs. The e-commerce pioneer fixates himself on angry customers with the belief that a business’s loopholes are found in the experiences of unsatisfied customers.

            For the 8th year in a row, customers have ranked Amazon as the number one in customer service (according to the American Customer Satisfaction Index).

            While numerous companies ignore unhappy customers, Bezos found success in learning from reviews and surveys. By focusing on customer service, Amazon shows they care, both for their customers and for rising above their competitors.

            While praise and recognition are signs that a business is accelerating, criticism is an opportunity to improve a product or a service.

            6. Mark Zuckerberg: Start Small, Think Big

              Valued at over 55 billion dollars today, Mark Zuckerberg built the first version of what would become a social networking giant in his Harvard University dorm room. As one of the world’s youngest entrepreneurs, Zuckerberg undoubtedly took countless calculated risks to get his brilliant idea to its current status with 2.38 billion active monthly users.

              “The biggest risk is not taking any risk.”

              He’s always daring to explore with a fearless mindset.

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              The young tech entrepreneur never shied away from innovating outside of the box. Soon after Facebook became a hit to users and advertisers, big corporations took interest in buying Facebook from Zuckerberg.

              However, he took the risk and decided to stay with his creation. Turning down billions of dollars offered by Yahoo CEO, Terry Semel, he envisioned turning his brainchild into something much bigger than what it already was then.

              7. Steve Jobs: Live Your Own Dreams

                Steve Jobs lived a rocky path all his life and an aspect of which is a tumultuous career.

                The founder of Apple endorsed his beliefs on the temporality of life and limitations of time. He preached about the importance of working on the very legacies people wish to leave behind, an achievement he’s undoubtedly etched into the the archives of human history.

                Never one to hide under someone’s shadow, Jobs did not live by anybody else’s principles so he formed his own. He tirelessly dedicated himself to building a unique brand of products that became the benchmark for contemporary technology.

                After his highs and lows through his brief battle with cancer, Jobs concludes with yet another lesson to takeaway from his remarkable life. “No matter how much money you have, even the richest man can’t buy time.”

                8. Warren Buffett: Balance is Essential to Success

                  Despite being the third wealthiest person in the world, Warrant Buffett sported a frugal lifestyle for most of his life.

                  After buying a house in Omaha, Nebraska for just above 31,000 dollars, he has lived there since 1958. As a leading investor and a founder at Berkshire Hathaway, Buffett believes in setting aside an amount to save and spend only on necessities.

                  With a long term goal as a top priority in mind always, treating oneself can be sustainable once in a while. He advices to save money by deciding first and foremost what aspects to scrimp on and what aspects to splurge on to ensure a happy and balanced lifestyle.

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                  9. Jack Ma: Never Give up

                    On every journey to success, everybody stumbles and arrives at roadblocks. Some more than most, like Jack Ma, who survived countless rejections and failures only to get back up and brave every storm.

                    Ma is the founder of multinational technology conglomerate Alibaba Group. Despite being rejected to Harvard after every one of his 10 applications, Ma was never defeated.

                    His grit and tenacity is a fine testament to the fact that grades do not determine a future. While qualifications on paper are important, the development of skills and an attitude is just as helpful in making a recipe for success.

                    Despite finding himself in the verge of bankruptcy in the 1990s, Jack Ma possessed the resilience to put one foot in front of the other until he finally made it. “It’s important to have patience,” he says.

                    10. Tan Min Liang: Passion Can Pay Off

                      Tan Min Liang is the founder of the leading high-performance gaming hardware, Razer. Always on the look out for new opportunities to connect and scale his business, Tan has been bold in making many of his life’s decisions.

                      Having deviated from a traditional path set by a family that consists of doctors and lawyers, Tan was to find his life’s work and passion while gaming with his older brother.

                      The idea was simple: there were so many games out there to play, however, there were hardly any gaming equipment to match this.

                      So he dropped out of law and began going a different direction, into creating solutions in the gaming industry. At the start of 2019, Tan wrote to tech luminary Elon Musk to which Musk’s reply suggested of a joint venture between two of the most successful entrepreneurs today.

                      Final Thoughts

                      In today’s cutthroat world, the road to becoming a successful entrepreneur is a long and arduous process trailed with ups and downs. A valuable lesson that a good hand of entrepreneurs would love to convey to aspiring entrepreneurs is to keep the spirit of innovation and to explore uncharted waters.

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                      Learning from experience and failure is one direction to a desired end goal. Exhibiting the same dedication and grit so many entrepreneurs have through their unexpected careers – today’s budding visionaries ought to hang on their dreams and leave room for improvement along the way.

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                      Featured photo credit: Patrick Tomasso via unsplash.com

                      Reference

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