“OK, so I write down some Ideas…. then I am to Dream about them? RU crazy? How can any of this possibly lead to a practical Business Plan?”
Funny you should ask; thank you. Here is your answer….
I see you have some interesting concepts written down in your Idea Book. From these Ideas, determine which ones seem most promising to pursue right now and keep the others filed away for another time. You should now have 2 or 3 Ideas to focus further on. The important thing here is to have more than 1, but not so many that it gets too complicated or distracting as we now examine this next… very important stage. DREAM.
To Dream is to envision. Using the Idea “Short List” you now have, I want you to truly envision these 2 or 3 Ideas in their state of completion. These Ideas can be new products, a new service, or a greatly improved process. Dream of these as being offered in a business. Timeframe can be 3 months from now or 3 years from now. The business could be your own or a business that you work for. That’s up to you. Some live for the entrepreneurial rush, while others enjoy the perceived safety net of working within an existing company. This is a separate topic and of little relevance here.
I want you to truly see the Idea being complete and in the market place. Now, please write down responses/thoughts for each of these points:
– How is this Idea being perceived by the intended customer…. Do they understand it and the intended benefits of this product, service, or process
– Is the customer purchasing it…. Has it created quite a stir, where everyone “just has to have it”
– Is it at an ideal price point where it is achievable for the customer, yet profitable to you
– How was it created…. in what manor was it designed, manufactured… where and by whom
– What is required to create it…. raw materials, existed or new technology, certain skills that perhaps you alone do not have, equipment used to create it
Now let’s stop the “reverse envisionment” right there because we all know what would be next on the list… “capitol required and where that would come from”. That will be dealt with more in the 3rd stage; PLAN. After all…… we are Dreaming here !!!
At this point, please also take note of the natural progression that has taken place. In a sense we have somewhat transitioned from “Whimsical” to “Practical”. And this was not by accident. Being “whimsical” starts the fire. Being “practical” keeps the fire burning… feeds the fire. The question you need to ask yourself right here with each of these 2 or 3 Ideas is: IS THE FIRE BURNING??? At this stage some ideas will just simply be smoldering, perhaps burnt out, and others will be a wild inferno. Be truthful to yourself and devote your efforts to the inferno.
In closing, it is important to state that while all 3 stages are vitally important. This Dream stage is the most critical. It automatically forces you to look at the Idea in honesty and take the journey from whimsical to practical. The Dream stage will take some time to navigate and do not rush it. Navigate it with focus, honesty, and efficiency. Be thorough. Your desired clarity lies just ahead.
Until we meet again in the 3rd and final stage, “PLAN”….. I wish you Happy Dreaming !!!!