Episode 666: What To Do With An Idea: How To Turn Light Bulbs Into Cold Hard Cash
The Mind Your Business Podcast
James Wedmore
4.9 • 1.8K Ratings
🗓️ 18 March 2024
⏱️ 57 minutes
🧾️ Download transcript
Summary
So much of business is about ideas, but what the heck do you even do when you get a great idea? In this episode, not only do we answer this question, but we break down how to determine if your idea is a good or a bad one, the ways to test ideas, what to do when it isn't working for you and how to know when it's time to give up on an idea. These are things that I've gotten really good at over the years I've been in business, and we want to share it all with you here today!
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In this episode you'll hear:
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Why I like to look at every idea as a living thing that needs to grow
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The phases that ideas will go through and why it's important to realize that even good ideas can start out as "messy" ones
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How the approach I take to ideas if different than most, plus the common theme I see with all business ideas
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The way to tell if it's time to move into the investment phase and to start putting money behind your idea
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What often happens when you get too attached to a particular idea that you have
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Why I want you to ignore the opinions of others and what you should be focusing on instead
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A simple question that you can ask yourself to gain more clarity with your idea and offer
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The 3 phases of the incubation phase of an idea and what Jen has learned about the investment piece
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What types of questions you can ask yourself to start having more ideas coming in
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Some of the reasons why eliminating certain ideas is crucial to your success
For full show notes and links, visit: https://www.mindyourbusinesspodcast.com/blog/666
Transcript
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| 0:00.0 | You're listening to the mind your business podcast. |
| 0:04.0 | Today's episode answers the question, |
| 0:06.0 | what the heck do you do when you get a great idea? |
| 0:10.0 | This is how you turn light bulbs into cold hard cash. |
| 0:14.3 | So stay tuned. Hi I'm James Wedmore and with 13 years online I've built my business to over 9 million dollars in sales per year |
| 0:28.0 | And this is the first non-business business podcast that shows you how to apply the principles of |
| 0:35.2 | spirituality energy and mindset to create true and lasting success all from the |
| 0:41.8 | inside out. |
| 0:44.0 | This is the Mind Your Business Podcast. |
| 0:47.0 | What is up ladies and gentlemen? |
| 0:51.0 | I'm James Wedmore. |
| 0:52.0 | And I'm Jennifer Finley. |
| 0:53.3 | And this is the Mind Your Business Podcast. |
| 0:55.4 | Thank you so much for joining us for today's episode. |
| 0:57.8 | This is a fun episode. |
| 0:58.7 | This is gonna be a really special episode |
| 1:00.8 | because currently we are Jen and I and we've flown out our ever talented from |
| 1:06.3 | across the pond my toy at ever talented 10 year anniversary my tie also |
| 1:11.6 | add relationship with our videographer Ryan say he's incredible, he's |
| 1:16.3 | the mastermind or the implementer, the magician behind so many of the videos that we've done |
| 1:21.7 | over the years. And so this past week we've spent |
| 1:25.6 | Oh my gosh it's been like seven days now at this point straight coming up with ideas concepts making videos and we wanted to do an episode about what to do with an idea |
... |
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