The basis of good business are ideas

in LeoFinance2 years ago (edited)

Every great business, every great company and every great innovation in the history of mankind has started from an idea as a base. In this sense, we can affirm that ideas are the fundamental basis on which the gear of success in any area of human life rests.

Ideas in the business area

But having a great idea that can be applied to the field of business requires, as can be deduced, great creativity.
That is why great businessmen live their lives in such a way that they keep their minds active, rested, and motivated, so that great ideas can come to their thoughts easily and effortlessly.

In this sense, we must study hard and be very attentive to what is happening in the world (through the news), in order to create a favorable scenario in our minds that allows us to develop great ideas. All this also implies that we must maintain good lifestyle habits (such as sleeping the right number of hours, eating well, exercising regularly, etc).

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At the level of the initial stages of an idea, there are three essential steps, which are:

1- Dream big.
2- Set goals.
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3- Take action.

As for dreaming big, this is required so that we can maintain an open mind, a mindset of optimism about what we want in a broad sense of things. Therefore, if, for example, I want to be a millionaire, I must aspire to be big. What I wish? Owning large companies? Owning large mansions, yachts, luxury cars, etc? Although it may seem like an exaggeration, this is how to dream big, and this is how we should dream in life.

And what I am telling you here was not invented by me, but has always been said by the most famous and successful businessmen in history.

Next, we must set goals, which would be what we specifically want, and that we can achieve step by step at first. If we analyze it well, basically, dreaming big implies maintaining general objectives, but setting goals implies establishing specific objectives. Returning to the example just explained in the previous paragraph; If we want to be millionaires (by owning large companies, properties and luxuries), we must now set goals to achieve those general goals.

So what are we going to do about it? We will found companies of what? We will invest in what? In the stock market? In real estate? In crypto market In anything else? in what?

And this will lead us to key questions such as... Do we have resources (money and possibilities) to carry out the specific objectives that we are considering to achieve what we want?

And if not... How will we obtain such resources? Will we resort to banking? To private sector loans? To an individual? Will we sell any personal property to raise funds? Or what?

This whole process that happens from the moment the idea arises, to the goal-setting phase, allows us to ask ourselves the right questions at the specific moment of development of the business idea that we have.

And after that, we just have to take action, so that the idea does not remain just an idea, but that it has full possibilities of realization and success for us. In the case of the example, the phase of taking action means the implementation of everything that is required to put into practice the business specifically conceived.

So the first two phases (1-Dream and 2-Set goals), are the bases to achieve everything necessary to reach the phase of taking action, which is the implementation or full development of the business itself.

Next step: Check the effectiveness of our ideas and actions

Once we are already taking action on our business ideas, we need to understand if they are working or not. In this sense, if they generate large economic profits, then they are working, because they are in line with the proper execution of the objectives that we have set for ourselves.

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But if this is not the case, then there are basically two possible options: 1- Adjust ideas and actions from that moment on based on the circumstances (what would be defined as adaptation). Or 2- We must start everything from the beginning, and basically, the cycle repeats itself.

Learning to think outside the box

But what I like to talk about most in this whole process is about ideas, because they are, as I have said on another occasion, the fundamental basis of big business.

As I already said, success in business is something perfectly feasible if we put ourselves in the right mental state for it, and for this, great ideas are necessary. But coming up with a great business idea also requires us to learn how to nurture our overall creativity. We must learn to think outside the box, beyond what most people normally think. That's what big creativity mean.

Do you think Satoshi Nakamoto was thinking inside the box (ie conventionally), when he devised and created Bitcoin?. Satoshi Nakamoto clearly thought outside the box, outside the ordinary and conventional, when he created Bitcoin, of that we can be more than sure.

And through its creativity and knowledge, Satoshi Nakamoto (whoever he was), created a mechanism, system, means of payment and technology that would radically innovate and change the world. Because thanks to Bitcoin, the world was finally able to open its eyes to the economic realities, to the prevailing status quo, to the circumstances, possibilities and obstacles to obtaining money, and because of this, the common citizen was educating itself of a new way , one that would allow him to finally understand wealth and access personal financial freedom like never before in all of human history.

Summarizing

Great ideas are the basis of great businesses, but they require great creativity to be generated, and those who generate them must have an adequate level of mental discernment to recognize them effectively and begin to implement them through an orderly and coherent process that begins with setting appropriate goals.

Because having a great business idea is nothing if we are not able to recognize it as such, and therefore, if we are not able to recognize it and understand it as a great opportunity to obtain profitability and wealth, then we will not know how to take advantage of it properly. Because the most difficult thing is not to have a great idea, but to understand it in such a way that we can developing it and putting it into practice in order to generate wealth for ourselves and for our environment.

What do you think about the topic discussed? Please comment.

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