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Side Hustle School

#1180 - Q&A: Can I monetize my ideas without actually running the business?

Side Hustle School

Chris Guillebeau

Business, Side Hustle, Entrepreneurship,, Careers, Entrepreneurship, Small Business

4.73.3K Ratings

🗓️ 25 March 2020

⏱️ 6 minutes

🧾️ Download transcript

Summary

Can you focus entirely on idea generation and let someone else do all the work? Today’s caller wants to know if this is a “totally crazy” approach… 


Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.

 

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Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.


Show notes: SideHustleSchool.com

Email: team@sidehustleschool.com

Be on the show: SideHustleSchool.com/questions

Connect on Instagram: @193countries

Visit Chris's main site: ChrisGuillebeau.com

Read A Year of Mental Health: yearofmentalhealth.com


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Transcript

Click on a timestamp to play from that location

0:00.0

The two phases of starting any project are ideas and execution.

0:09.0

They are both important and they're both essential.

0:12.0

But what if you are better at having ideas than executing?

0:15.0

What if you really only like that first phase?

0:17.0

Can you focus entirely on idea generation and leave it to somebody else to do all the work?

0:22.0

What a great world that would be.

0:24.0

And that's what today's listener is wondering about.

0:27.0

So I do have some tough love in this answer.

0:29.0

You might already have a bit of an inkling of what I'll say.

0:31.0

But I also have some advice if you relate to the question.

0:34.0

Because it's true that some people are better at ideas than execution.

0:38.0

So can I monetize my ideas without actually doing any work or let's say without actually running the business?

0:43.0

Let's talk about that in this episode.

0:47.0

Hi Chris, this is George from Cleveland.

0:54.0

And I've been listening to the show for about two years now and I've enjoyed the daily inspiration and helpful advice.

1:00.0

My question is, can I monetize my ideas without actually running the business?

1:05.0

I have a lot of ideas that I think are highly valuable.

1:08.0

But I've learned that I'm not the best at making them happen.

1:12.0

I want to sell the ideas themselves, along with my notes on what I think the person needs to do to make them successful.

1:19.0

Is that crazy? How would I go about doing it?

1:22.0

I look forward to your response.

1:26.0

George, thank you so much for listening.

...

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