Many novice entrepreneurs fall in love with their business idea. Instead of thinking about the first step, they focus too much on the final vision.
Everyone who has already set up a business already knows it. An idea is worth nothing without execution. You can have the most beautiful vision of the universe but if you are not able to make it come true on earth it is useless.
What you have to keep in mind when you have a business idea
A business idea is only as good as the first step you can take without help to realize it. Before seeing the complete puzzle, you have to be clear about the pieces that you can put together in the beginning that already add value and generate income in the best of cases.
To this day, very few investors (to say nothing) are going to give you money for an idea that exists only in your head. You have to show that the vision you have can be realized in small steps and during the trip you can already earn money .
This does not mean that thinking big is not relevant. The important thing is to do both: think big and small . Most novice entrepreneurs are only capable of thinking in one direction.
How to think big and small
It is difficult to be very specific when it comes to wanting to teach someone how to think big and small at the same time. The same through these examples is simpler.
- Make use of existing infrastructures: a good example is Airbnb that knew how to grow through the visibility of Craigslist ads. Every time a user published an offer on the Airbnb website, it also appeared in the largest classified ad in the United States
- Start developing an idea locally: check out Facebook. They didn’t start out as the largest social network on the planet. Its success was launched from Mark Zuckerberg’s bedroom at Harvard University. At first it was just an app for those students before opening it up to more users.
- Stand out in a functionality: we continue with the giants of the world. Another example is Google. Do you remember how it started? At first, all they had was an ad-free search that stood out for returning much better results than the competition.
Hopefully the 3 examples already give you a good clue to understand what I mean when I say “think big and small” at the same time. Let’s see if I apply what I said one day
Posted by: Abdul Rimaaz