If you haven't read the post about how create opportunities like a Millionaire, please do so now. That post will help you get into the mindset of seeing opportunities in the world and developing your mind into one that can see business in everyday moments.
This post is about how to focus your mind on a creating a business that you will love, and will make you successful.
If you followed the last exercise properly, you should now have a list of at least one hundred ideas for a business. The following exercise is about crossing off those ideas until there is one left behind. This is the idea that you are going to carry out, to start you on your journey to becoming a successful business person.
Choosing Your Millionaire Idea
Firstly, look down the list of your ideas and cross off anything that is illegal. Although I said you could put down illegal ideas, it was simply to get you into thinking about creating opportunities, however, it would be wrong for you to carry any of those ideas out so whilst it was a bit of fun, please cross them out now.
Secondly, cross of anything on that list that you wouldn't enjoy doing day in and day out. Remember, when you set up a business, you're going to have to live and breath that business for a number of years to make it successful. Every waking moment, your business will be at the forefront of your mind, whether it's going well, or struggling for a less profitable time. In order to help you get through those less profitable times, you need to be passionate about what you are doing.
By now, you may well have about seventy ideas left or may only have about ten. However many ideas you have left, that is fine. Just make sure they are all things you are highly passionate about.
So now it's time to ask yourself a series of questions that all good business people should ask themselves when creating their business.
Look down your list of ideas and with each idea ask yourself...
How will this add value to the lives of others?
So let's take one of my previous ideas of Starting a Business Event. I could say that this will add values to the lives of others, by allowing Businesses of all kinds to get together in one place. Here they could network with other Businesses, create new contacts of which to develop their Businesses further or even collaborate with other Business owners to create new Business. The talkers that I have at the events will share their great knowledge and Business Owners can take this knowledge to further grow their Businesses. This is definitely an idea that would enrich and add value to someone else's life. Put a tick next to any ideas you have left that fill this criteria.
Will people pay for this and can I easily provide them with it?
Sticking with the same idea, if I can show people the value of coming to a Business Event, which I can, because I have already answered that question, people will be willing to pay to attend. I can happily provide them with this Event, because I have organised Events before and get huge enjoyment from seeing it all come together, and since I already know the basics of running an event, although a large scale event is always a challenge, it's not outside of my capabilities and I can easily provide people with this. Now put a tick next to any idea you have left that fill criteria.
Is this the easiest and most enjoyable way to become a Millionaire?
Becoming a Millionaire is never easy, but you can make it easier for yourself by doing something that is within your capabilities and making sure it's something you will enjoy. I love putting together events and I really enjoy networking. I would be very happy to put on Business Events and as it is something that is well within my capabilities. I can easily grow the events nationally and internationally, which would increase my turnover and profit and get me well on my way to becoming a Millionaire. Put a tick next to any ideas you left that fill this criteria.
Take a look at all the ideas you have three ticks against. If you've followed the exercise, you should really have no more than five at the most. If you have more that, redo the exercise. If you still have the same amount, it's time to get ruthless and cross off any ideas that you know you would never do or pull off.
With these last few ideas, it's now time for your gut instinct to kick in. Which one of these, do you feel deep down in your is not the Business you will be doing for the rest of your life, or at least the for the next few years. Flipping it, which one do you know is. Which idea attracts you the most, which idea gets you the most excited. Which idea would you do for free if you could.
Spend a few days deliberating on these ideas and if after that, you can't settle on one idea, chances are you haven't yet found the idea that you are looking for. Don't worry, it can take a while for that Eureka moment to happen, but it will now that you in the habit of actively looking for opportunities. Something will grab you and you will know it's the right idea now that you have the knowledge to find and evaluate great business ideas.
FM
