MBFH060: Simple 8 Step Process To Select Your Business Idea with Kingsley Grant
Description
Here’s a summary of what was discussed in this episode on how to select your business idea:
✅ How To Select A (singular) Business Idea
➡️ Last episode #059 we talked about 7 steps to start a business online from home
➡️ Why would you need to select one idea?
- It will be quite challenging doing them all at the same time.
- You'll learn things along the way that will become invaluable at a later time. It's something to be known for.
- You don't want to have people confused as to what it is you do or worse yet, unable to remember.
✅ 8 Steps to selecting your business idea
➡️ Step 1: Mindset Reset ...
- See the value of doing so.
- You must overcome the objections and sell yourself on this idea.
➡️ Step 2: On a sheet of paper or if you want to do it electronically using a text file, make 3 columns
- First Column is entitled "List of Ideas"
- Second Column is entitled "Top 3 Choices"
- The third Column is entitled, "Top Business Idea"
➡️ Step 3: Write down up to 6 ideas that you have thought about. Number them from 1 to 6
➡️ Step 4: Elimination process
- Compare #1 against #2 and decide which you would choose if you were forced to do so
- The one that emerged the winner, is now compared against #3. Again the winner continues
- Compare the winner against #4 and do the same for 5 and 6.
- The one that came out on top becomes #1
- Repeat this process starting with #2 until one "winner" emerges
- Do it one more time to start this time with #3 until one last "winner" emerges.
➡️ Step 5: Move the top 3 ideas to the second column
➡️ Step 6: Repeat the elimination process.
➡️ Step 7: Move the top idea to the "Winner's circle"
➡️ Step 8: Get to work on that idea
Get this cheat sheet of the Simple 7-Steps Process of Starting a business online from home. Click this link and it's yours.Link to show:
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