What's new

Why It's STUPID to Start With An Idea

Idea threads

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Live your best life.

Tired of paying for dead communities hosted by absent gurus who don't have time for you?

Imagine having a multi-millionaire mentor by your side EVERY. SINGLE. DAY. Since 2007, MJ DeMarco has been a cornerstone of Fastlane, actively contributing on over 99% of days—99.92% to be exact! With more than 39,000 game-changing posts, he's dedicated to helping entrepreneurs achieve their freedom. Join a thriving community of over 90,000 members and access a vast library of over 1,000,000 posts from entrepreneurs around the globe.

Forum membership removes this block.

The-J

Dog Dad
FASTLANE INSIDER
EPIC CONTRIBUTOR
LEGACY MEMBER
MEMBER
Joined
Aug 28, 2011
Messages
4,571
Location
Ontario
Rep Bank
$5,982
User Power: 274%
Found this in my LinkedIn newsfeed.

Why it's stupid to start with an idea | LinkedIn

Innovation and problem solving is about new ideas. About getting the right ones. And realising them.

In practice however, there are three reasons why it is stupid to start with an idea.



  1. An idea makes you blind. Once you got your idea you will fall in love with it. That’s a great feeling. But love makes blind, unfortunately. The phenomenon of selective perception will make you see only the positive points of the idea. You will only listen to people who are supporting you. And in trying to realise the idea you will run in 80 percent of the cases into a hard wall, which will wake you up. Not having an alternative available to realise your personal challenge.
  2. It’s almost impossible to convince others (when you're not the boss). What happens when you tell your idea to someone else? Their reaction starts often with a ‘but……….’. Others within your organisation will start criticising your idea the moment it is told to them. The most important reason is that the idea is not theirs. A solution is getting ideas together in a team setting so the ownership of the idea is shared. You can't innovate alone. A idea needs a lot of fathers and mothers to survive.
  3. Only one of seven ideas is succesful (sic). A number of studies on innovation (Robert G. Cooper, 2011) shows that for every seven new ideas, about 4 enter development, 1.5 are launched and only 1 succeeds. These are very poor odds. So what do you do when your boss, the vice-president marketing or the innovation board stops your new product idea? Do you have any alternatives available to realise your business challenge? So never bet on one horse. That’s the message.
[h=4]So, how could you start?[/h]
Never start a challenge unprepared. As good preparation not only increases the chances of success but it also creates priorities, direction and the will to succeed. That’s why it is essential to start with a clear and concrete assignment. This forces the top management, from the start, to be concrete about which criteria new concepts must meet. This forms the guidelines for you and your team when you are underway. You can formulate the assignment with the help of the following six questions:



  1. Why? (Why do we want to innovate);
  2. Who? (Who is the target group);
  3. Where? (For which distribution channels, countries, regions or continents);
  4. What? (Evolutionary or revolutionary; products, services and/or business models);
  5. When? (Intended year of introduction);
  6. Which? (Which criteria the new concepts should meet)

I can't help but agree 100% with the author. This is pure Fastlane stuff: find a need and solve it.
 
Access Restricted: Unlock 1,000,000+ Posts

Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

Back
Top Bottom