378. How to Know If You Have a Good Business Idea
The Chris Harder Show
Chris Harder
4.9 • 1.5K Ratings
🗓️ 27 August 2020
⏱️ 16 minutes
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Summary
In This Episode You Will Learn About:
- Being excited for the problem you are solving
- Starting a business with scaling in mind
- Doing your research
Resources:
Show Notes:
The number one question we get from the hundreds of entrepreneurs we have coached over the past several years is "How do I know if my idea would make a good business?". You can have a ton of good ideas—and they could all be equally good—but you can only ever chase one at a time. You have to invest into one so far and so deep that it has enough momentum to run on its own so you can invest the momentum, the income, and the lessons learned from that into the second idea. We've developed a framework for evaluating your ideas to find out which is the right fit before you dedicate your all to it.
Follow me on social media @ChrisWHarder on Instagram and check out www.ForTheLoveOfMoney.com
Transcript
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| 0:00.0 | You're going to find that what you think the world needs and what the world actually thinks that it does need are two very different things because you guys have different perspectives, you have different paradigms, you have different struggles. Welcome everybody, this is for the love of money, where we are making you unapologetic about your pursuit of success by sharing the tools, |
| 0:25.7 | tips, and stories of those who have already made it. |
| 0:29.3 | My name is Chris Harder and each week I will bring you incredible guests in order to prove |
| 0:34.9 | that when good people make good money they do great things. |
| 0:40.3 | Hey everyone welcome back to he said she said where I sit with my husband and we |
| 0:47.5 | discuss usually business topics sometimes other topics. |
| 0:51.6 | Isn't it supposed to start with me saying and we're back and then you kind of get into that? |
| 0:54.9 | I think it's whatever we want. All right no rules. So what are we talking about today? So today our topic is how to know |
| 1:06.0 | if you have a good business idea or not. Okay, number one, I love this one because I'm an idea machine. |
| 1:09.7 | So are you? |
| 1:10.7 | Actually, that's like the curse of the Sagittarius, isn't it? |
| 1:12.8 | Is we are crazy idea machines. |
| 1:16.6 | Oh God, it's no shortage of them. |
| 1:17.8 | It's painful actually because the second I get a good idea, I'm like, wait, this one's better, maybe I should do this but now I'm |
| 1:25.1 | super clear that I have to take one idea and run with it run it all the way |
| 1:30.2 | through and that these other ideas are for you guys or for our |
| 1:33.7 | mastermind members. Yeah I don't want to get off on a tangent but I teach us all the |
| 1:36.7 | time like you can have lots of good ideas and they can all be equally good but you |
| 1:41.4 | can't chase them all at the same time. You really have to build one, |
| 1:46.4 | build it so far, it's so deep, so that it has momentum and it is self-sustaining so you can then reinvest the momentum, the income, the |
| 1:57.0 | clients, the lessons from the first one into the second one once it has momentum. |
| 2:01.5 | Then build the second one as deep as again. Then you |
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