Concepts for Turning your Ideas into a Thriving Online Business

KISS - Keep It Simple, Stupid!

Most business are founded on a simple, direct, principal statement or idea (i.e. Google “Organize the worlds information”). Although the solution is not always so straight forward. So keep it simple. There are always more challenges that one originally sees even in simple concepts, therefore you must assume that more complex problems are bound to have more complex solutions.

Act Fast

I guarantee your not the only person in the world that has had your ideas for a new business. People are surprisingly more similar than we like to admit. Whether you like it or not, if you don’t act on your impulses, others surely will. Remember, its not he who has the first idea that wins, its the first to execute that idea. For instance, my newest venture was up and running in less than seven days from having the idea to a full working business. I’m not saying that all business can be up that fast but you get the idea.

You Have To Be Smart, Not Brilliant!

People start companies to solve problems, fill voids, and capitalize on niches, not to prove how smart they are. If you want to prove your intelligence, go get multiple degrees.

Always Move Forward, No Matter What Speed
Keep your business moving once you start, no matter how much or how little time you can devote. Keep on your toes and active.

Listen Before You Reply

From what I have heard, this is the number one reason that businesses either fall apart or succeed. Since the founder in a startup is usually the jack-of-all-trades within the business, they often get so wrapped up in their ideas that they forget to listen to what the customer really wants. So always make it a point to listen before you execute.

Test Your Hypothesis ASAP

Whats the point in spending hours thinking about and building a business if there is no market for your business. Therefore, you should test your hypothesis as soon as possible to test the waters for your idea. For example, if you can, give out samples to a target market and ask for feedback. You’ll probably be surprised at what you find out.

-E

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