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I had that idea first, and I'm GLAD they're making millions.

Discussion in 'Mindset, Motivation, Choices' started by ExaltedLife, Jan 8, 2017.

  1. ExaltedLife
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    ExaltedLife Contributor Speedway Pass

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    I can't tell you guys how many times I've had an idea, and then weeks, months or years later seen a business successfully executing that exact same idea, and making huge money while they do it - a hell of a lot more than I make.

    Uber? I thought of it first.
    Suitopia? I thought of it first.

    I could think of more but to be honest, I usually forget about them after this sequence of events.

    1. I see a need, and I invent a solution.
    2. I think: "Oh, I could make a great business out of that".
    3. I forget about it and go on with my life (studying philosophy and writing).
    4. I see an ad or an article showcasing a new business following the exact business model I invented to solve the exact same problem I discovered.

    Then what do I do?

    I smile, and I say: "Hey, I knew that would work. I was right! Good for them." And then I go on with my day.

    Sure, I could lament over the opportunity cost of failing to pursue my 'big idea' and complain about how I never caught a fair break, how I could have done it if only somebody gave me a chance, how my one golden opportunity was stolen from me and so it's not my fault I'm not a billionaire, blah blah blah....

    But I don't, because I recognize that we live in a world of abundant resources. There will always be more problems to solve, there will always be another opportunity, and seeing all of these successful businesses using the business models I invented first just proves to me that I DO have a great ability to invent solutions. It isn't depressing - it's validating. The source of production isn't out there - it's my mind.

    Frankly, I like the Fastlane road I'm currently on, and I don't have time to pursue every brilliant idea that springs into my head whenever I see a problem that needs to be solved.

    Here's one I'll give away for free: invent the Uber version of snowplows. Customers have long driveways, contractors own trucks with snowplows. First one to make it happen wins. Go get it.

    Know this: if you're complaining about your lost chance, your stolen opportunity, your lack of opportunity....you aren't a noble martyr for somebody else's success. You're a loafer who is making excuses for the fact that you aren't willing to try again.

    If you did it once, you can do it again. Go do it.
     
  2. TonyFish6379
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    True Entrepreneurial mindset - Always finding solutions to problems. Great Post!

    I celebrate the victories of others. No time to waste complaining or wishing.
    Shark Tank is like mental Porn for me. LMAO
     
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  3. KLaw
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    KLaw Silver Contributor Speedway Pass

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    What makes you think you had the idea first? I bet 100's of others had the same idea before you and didn't execute either.
     
  4. BookwormMitch
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    BookwormMitch Bronze Contributor FASTLANE INSIDER Read The Millionaire Fastlane Speedway Pass

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    I agree, plus you get to use their solution to your problem without devoting your money and time to solving it.
     
  5. Kung Fu Steve
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    Kung Fu Steve Gold Contributor Speedway Pass Summit Attendee

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    [​IMG]

    Just teasing :)
     
  6. Waspy
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    Waspy Float like a butterfly FASTLANE INSIDER Read The Millionaire Fastlane Speedway Pass

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    Yeah, I love being a consumer not a producer.

    Wait...
     
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  7. JScott
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    My guess is that you are referring to Uber's "exact business model" as something like: A private, online, networked transportation service.

    As an idea, it was obviously a good one; but that sentence above is hardly their "exact business model." Their exact business model would likely take hundreds of pages to explain, and changing even a few of the details in those hundreds of pages could take the model from successful to impossible. A friend of mine manages one of the larger Uber markets, and discussing the details of the business (especially around how they try to decentralize) really blew my mind.

    If I were to have thought about how I'd have implemented it, I don't think I would have come anywhere close. And, after finding out why/how it's actually run, it's pretty obvious that my implementation ideas would have been extremely naive. In other words, unless you spent months thinking about it, it's unlikely you invented the exact Uber business model. My guess is that, had you tried to implement Uber, you would have done it completely differently, and not necessarily nearly as well.

    This isn't an insult -- I'd say the same about 99.9% of all entrepreneurs who would claim they could implement a business and technology as complex as Uber. Now that I have a better understanding of it, I admit I couldn't do it.

    My whole point here is that an idea is not a business model. And just because you have an idea doesn't mean you would have been successful implementing the idea. Ideas are worthless by themselves; implementation and executing is everything.
     
  8. Tomekmeister
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    There probably were over 20 "Snapchats" before the one that succeeded. Ideas aren't everything, in fact, they're less than 10% of the whole thing.
     
  9. Vanderbilt
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    I think you should read James altucher Blog and how He Execute on ideas, He is also an ideamaschine this Could Match you, i Understand you very well, your creativity will help you in solving problems and Executing. For you would also be Great to Go in crowdfunding to Test some ideas! Pm me we can Chat about that Stuff.
     
  10. BookwormMitch
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    BookwormMitch Bronze Contributor FASTLANE INSIDER Read The Millionaire Fastlane Speedway Pass

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    Kodak created an instagram before instagram
     
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    Not hating. But you come off as very arrogant by saying you thought of those ideas first. You sound like those old men who have stories about "back in the day..." that you know are BS.

    Your thread would of came off better if you based it around people taking time to execute and being left behind.

    Ultimately I think almost every idea or product at some point has been thought of by someone else, so to claim that you thought of it first is a pretty bold statement.
     
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  12. ExaltedLife
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    Thanks but I'm not interested
     
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  13. ExaltedLife
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    Why bother
     
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  14. regilmour
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    Giving advice but not taking any advice offered. Hmmmm
     
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  15. AlexanderSuper
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    The snowplow idea is not yours, Homer Simpson had it more than ten years ago! :)
    Apart from the jest. Your post is nice, and touches many good points, and many ideas I had.

    It happens, and the only thing you can do is, as you perfectly stated, to go on with your life, to be happy for who became millionaire and,especially, to Trust in the abundance of this Universe (new-agey, nonetheless I believe it).
    You also can draw a lesson, which cam up many times in this forum, and on MJ's book: EXECUTION is important.
    The risk- taking of execution is important, and it is what wins the prizes in the end.
     
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  16. ExaltedLife
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    I was wondering if anybody would interpret my use of the word 'abundance' as 'new-agey' - because of how often that connection is made in books like The Secret and whatnot.

    I want to clarify that I mean it entirely scientifically. We basically live on a giant rock of resources - one of the best analogies I've heard is this: "If the earth is an apple, we haven't even broken through the skin". And through innovation, we can continue to gain access to more and more of those resources, while also doing more with less. I don't think it's something you need to 'believe in'. It's a fact - we live in a world of abundance.

    I hear a lot of crap going around about 'soil depletion' and 'over population' and how the world's going to end. Haha, as if. If I wasn't doing what I'm doing now, here are some industries I think would be very cool to go into, especially for coming opportunities. These are the industries that will solve those aforementioned 'problems'.

    1. Mining
    2. Architecture
    3. Fertilizer manufacturing
    4. GMOs, crossbreeding, grafting, etc (agriculture)
    5. Nuclear energy
    6. Combustible fuels, both fossil and synthetic (hydrogen)
    7. Engine design

    Each of these fields could be improved in 100 different ways right now. Not even just the fields themselves, but the education that the workers require.

    Here's another idea. Create a quality geology course and SELL IT to young people. That field is rapidly expanding, yet North American geology classrooms seem to be empty while fields like psychology and sociology and political science are filled to the brim. Why? Lack of salesmanship in education.
     
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  17. AlexanderSuper
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    In my opinion, there is nothing wrong with "new agey", though many people here seem to be averse to the concept.
    And something can be spiritual/metaphysic but also obviously concrete and material.
    Anyway I agree that there is plenty of "concrete" or objective possibilities, and I am all for your concepts.
    I am sorry that someone criticized you for being presumptuous or bold in saying that you had invented the uber fundamentals and other successful enterprises basics.
    Obviously you didn't want to be bold, and you didn't want to claim to have developed the business plans to the last details.
    Cheers
     
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  18. Rod bolts
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    Rod bolts New Contributor Read The Millionaire Fastlane

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    It's okay, I came up with the heinz ketchup dip or squeeze packaging when I was 5.

    Parents laughed at my idea as a child and I never moved forward with my idea when I got older.

    Keep moving forward and take action on your ideas. You're the only one holding yourself back.
     
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  19. ExaltedLife
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    There are many people here who don't exercise the ability to think in terms of essentials. They read the first line, feel an emotional response, and are already have their response in mind as they skim the rest of the post. I don't pay attention to them.
     
  20. FreshStart87
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    A scarcity mindset in regards to ideas has its place if it motivates you to execute.

    'I'll have plenty more great ideas in the future' sounds like an action fake to me.
     
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  22. ExaltedLife
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    The real knack is having a scarcity mindset in regard to Time.
     
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  23. Marc B.
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    Thinking of it first is one thing. Acting on it first is another. Then it's a question of how you take action compared to the next guy. You can put things in perspective easily using numbers.

    Let's play with a fun example:
    According the US Census Bureau, there are at least 242 million adults living in the United States. Let's say 99.99% of them DON'T have your idea. Pretty good odds, right? In this example, you share your unique idea with 24,200 people...and it only takes 1 to make it happen. Play with the numbers a bit. Consider the world's population. Change the odds. It'll never work in your favor.

    You need to shit, or get off the pot.
     

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