The Mind Your Business Podcast

Episode 666: What To Do With An Idea: How To Turn Light Bulbs Into Cold Hard Cash


Listen Later

So much of business is about ideas, but what the heck do you even do when you get a great idea? In this episode, not only do we answer this question, but we break down how to determine if your idea is a good or a bad one, the ways to test ideas, what to do when it isn’t working for you and how to know when it’s time to give up on an idea. These are things that I’ve gotten really good at over the years I’ve been in business, and we want to share it all with you here today! 

Save these dates, June 6th, 11th and 13th, because our once a year 3-part LIVE training is happening very soon, and you can join the Business By Design Priority List NOW at https://www.jameswedmoretraining.com/waitlist2024

We want to hear from you! If this episode inspired you in some way, take a screenshot of you listening on your device and post it to your Instagram Stories and tag us, @jameswedmore and @jeunejenni.

In this episode you’ll hear: 

  • Why I like to look at every idea as a living thing that needs to grow 

  • The phases that ideas will go through and why it’s important to realize that even good ideas can start out as “messy” ones

  • How the approach I take to ideas if different than most, plus the common theme I see with all business ideas 

  • The way to tell if it’s time to move into the investment phase and to start putting money behind your idea

  • What often happens when you get too attached to a particular idea that you have  

  • Why I want you to ignore the opinions of others and what you should be focusing on instead

  • A simple question that you can ask yourself to gain more clarity with your idea and offer

  • The 3 phases of the incubation phase of an idea and what Jen has learned about the investment piece 

  • What types of questions you can ask yourself to start having more ideas coming in 

  • Some of the reasons why eliminating certain ideas is crucial to your success 

For full show notes and links, visit: https://www.mindyourbusinesspodcast.com/blog/666 

 

...more
View all episodesView all episodes
Download on the App Store

The Mind Your Business PodcastBy James Wedmore

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

1,628 ratings


More shows like The Mind Your Business Podcast

View all
The Amy Porterfield Show by Amy Porterfield

The Amy Porterfield Show

4,585 Listeners

Earn Your Happy by Lori Harder | YAP Media

Earn Your Happy

2,797 Listeners

Plenty with Kate Northrup by Kate Northrup, Author, Entrepreneur, and Speaker

Plenty with Kate Northrup

652 Listeners

The Goal Digger Podcast | Top Business and Marketing Podcast for Creatives, Entrepreneurs, and Women in Business by Jenna Kutcher

The Goal Digger Podcast | Top Business and Marketing Podcast for Creatives, Entrepreneurs, and Women in Business

12,046 Listeners

The Cathy Heller Podcast with Cathy Heller by Cathy Heller | QCODE

The Cathy Heller Podcast with Cathy Heller

7,635 Listeners

She Means Business Show by Carrie Green

She Means Business Show

313 Listeners

The Marie Forleo Podcast by Marie Forleo

The Marie Forleo Podcast

1,645 Listeners

Manifestation Babe by Kathrin Zenkina

Manifestation Babe

4,325 Listeners

the bossbabe podcast by Natalie Ellis

the bossbabe podcast

1,958 Listeners

The Jim Fortin Podcast by Jim Fortin

The Jim Fortin Podcast

1,468 Listeners

Powerhouse Women by Lindsey Schwartz

Powerhouse Women

842 Listeners

The Spiritual Hustler by Jessica Zweig

The Spiritual Hustler

444 Listeners

The Jasmine Star Show by Jasmine Star

The Jasmine Star Show

2,578 Listeners

The Jamie Sea Show by Jamie Sea

The Jamie Sea Show

634 Listeners

Chill & Prosper with Denise Duffield-Thomas by Denise Duffield-Thomas

Chill & Prosper with Denise Duffield-Thomas

215 Listeners