Startups All Over the World – Test Your Idea!

Archive for November 2008

LATEST IDEA ON TEST MY IDEA

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Written by ianamor

November 29, 2008 at 11:45 am

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STARTUP -SUCCESS PHILOSOPHY

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Much has been written about success and how to achieve it but it all boils down to certain principles which all startup owners understand or they arrive at by accident.

1..There must be a real desire to be successful, a passion which will enable the entrepreneur to keep on going even if it takes years to realise his/her dream. Many start a project with enthusiasm but give up at the first major problem ; a winner never quits , and a quiter never wins.

2.. Allied to the above is focus..a vision of the end result..this is what the deep desire attaches itself to until the dream is realised.

3..Vocation..there must be a real love of the idea and the implications of what its realisation will bring.  eg; wealth ;satisfaction;help for others. The entrepreneur may take some time to” find himself ‘that is what he is best suited to .which always involves using his /hers unique skills aptitude.

4..Creative intelligence.. an individual may not be the brightest; may have few paper qualifications but can spot a business opportunity which others cannot..this is because he imagines how he can add value to the idea..by for example; offering the product to a different market; translating the business into a different language; presenting it cheaper or offering a superior service.

5.. Management; All great entrepreneurs  knew or found out how to build a team to enable them to help them  progress their  idea ..even when they  had little financial backing .;they  used their creative intelligence to think of a way to get round  problems. This ability is essentially knowing how to handle people , some have it instinctively others develope it from experience and study, but all have it.

6..Always willing to listen and learn, the true entrepreneur is always humble enough to learn from any one,if he/she thinks it will help progress the project , some time a chance meeting will give the knowledge to add considerable value to the business, perhaps taking it to the next level.

7..The desire to solve a problem or “pain”; the bigger the “pain” and the market the larger the reward for the solution . All very successful entrepreneurs have found a market to serve which appreciated the service / product and continued to buy it..some being life long loyal customers.

The pain TMI is trying to solve ,for example, is the “pain ” experienced by both entrepreneur and investor..the entrepreneur wants to find a way to know if his idea is viable as cheaply as possible. The investor is seeking good projects with proven potential, ie; some evidence of viability ;cash flow; customer list,etc  without spending a lot of time sifting through business plans. ( see animation on testmyidea.com- under investor link. )

 

   Have you any other principles you used in your startup ?

 

    see you soon    Humbird

 

 

 

  

 

         regards    Humbird

Written by ianamor

November 19, 2008 at 3:10 pm

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