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Admit it; at one point in your life, you imagined yourself coming up with the ultimate business idea. You even imagined how the money and fame you got from it could change every aspect of your life! Perhaps you’re even thinking of it right now. Ease the tension on your jaw, breathe out and keep reading.
What if you were told that your wealth vision is simply an elaborate version of that business plan but with the financial steps to goals to get you there? Of course, it would seem easier to start. But you would also need confidence. You would need a guarantee that what you start has the gas to get you to the destination. So that business idea, (as crazy, exciting or scary as it is) could be your ticket to wealth and financial freedom.
Unconventional works! We live in an era where new ideas seem to defy traditions, break stereotypes and appeal to creativity. World renown brands that have shaped business within their industries continue to push this threshold.
For example, the ideal logo of most businesses seems to directly tell you what the business is about. But some top disruptive brands barely have signage of what they do to the logo. So while you may have a coffee shop and the logo and signage is a coffee cup, a company like Starbucks uses a lady instead.
Disruptive ideas have the power to create value even where there was none. Disruptive marketing, advertising or even problem solving could be the one thing standing between you and a million-dollar sale, deal or profit.
To be disruptive,
Wealth and financial fitness coach Steve Down teaches “Wealth is built on a foundation of service. The more you serve, the more you earn.” People pay for the value you give them. As word of mouth spreads and you gain customer loyalty, you grow and so does your money. So when you think about a business idea, see yourself as a servant rather than a master. Yes, you are leading in the market, but leading in giving the best service or selling the best solution to your customers.
“Wealth is built on a foundation of service. The more you serve, the more you earn.”
Steve Down – Wealth Coach and Author of Financially Fit For Life
Great business ideas target
As long as there are problems, there will always be a need for solutions. Some of the major names making a killing from solving global problems have created their wealth this way. You don’t really have to think about how to supply flying cars when you can simply make cars that are more spacious, economical and cheap.
The great thing about solving existing problems is that other individuals and institutions can support your business when they see a cause for good.
Cause Capitalism is one great example of starting a business for good. This is when your profit company chooses as its partner a non-profit as a true sustainable partner. The business supplies goods or services while your non-profit partner focuses on solving a global human problem. This often attracts investors, stakeholders and government support when upscaling. It also helps you make more money since customers know that buying from you is part of them choosing to support the cause of your business to solve the community or nation’s problems.
Go above and beyond what conventions dictate. A good business idea is one that challenges the status quo in a bid to elevate standards. Beyond this, such ideas also make you build your discipline, work ethic, creativity and critical thinking. And as you meet other people with these same values, they can buy into your idea and you can become an unstoppable market force.
Sometimes all it takes to get to where you want to be is doing what needs to be done. And that may mean delaying gratification, avoiding shortcuts, spending time to learn, building valuable networks and investing resources.
Great business ideas ultimately offer a solution to a human problem. Reaping great benefits from whichever industry you are targeting is not as hard in the 21st century. This is because we live in an age where there’s such a wide variety of products and services that cater to different preferences people have. By capitalizing on some factors and sharpening your idea to be the best in it, your business idea will soon be creating wealth.
Some of the questions you can use to upgrade your business idea for top-notch execution include the following:
At Financially Fit, we believe that by learning the principles of wealth, individuals and families can be able to create businesses that are sustainable and create wealth. Financial literacy and a solid foundation of these principles can help anyone create wealth. And through our online program, you will gain the abundance mindset you need to make that million-dollar business idea a reality.
What business would you think of starting now to make a million dollars? Comment below
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Financially Fit
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