ideas

How to Make Your Business Idea a Money Making Machine

All of us get at least one Einstein (or Uncle Fester)-like light bulb moment in our life.

The difference between those who have a lightbulb moment and those with the keys to the whole lightbulb factory is the ability to make their idea convert.

People keep telling our generation that financial instability, the economy and all that Jazz is keeping us from gaining financial success...

Well, you're young, you're talented, you're relevant, and you're living in a tech savvy world where the sky really is the limit - all you need to do is reach out and touch it.

To help you to take your seed of an idea and grow it into something huge, take a look at these top tips...

Believe in your abilities

No, we're not trying to tell you the obvious as some round about way of providing you with a self-help guide - we're saying this because it's the foundation of everything you will do from this moment onwards. Most ideas fail at the first hurdle because they can't handle the challenges that come their way and they end up second guessing themselves. Be accountable, believe in your idea and the rest will follow.

If you want to be a successful entrepreneur, listen to everyone because you never know when you will hear a good idea. - Rich Melcombe, CEO of Richmel Media & Productions

Recruit trusted advisors where possible

If you can hire - or even entice - your very own trusted board of advisors straight off the bat, that's great. If not, whenever you reach a small milestone during the development of your idea, make sure you borrow a few trusted, impartial ears to provide unbiased opinions. You may be the captain of the ship, but you won't have all of the answers all of the time - a fresh set of eyes can make all the difference to the future of your idea.

Know how to sell your vision

Converting your idea to a living breathing entity requires you to help others understand your vision. To get people engaged in your lightbulb moment and shift it up to the next level, you're going to need to outline your value proposition clearly and explain how it can generate dough. Essentially, the bottom line is what gets everyone’s attention and the simplicity of the pitch gets your target audience on board.

Prioritise your work/life balance

Why would you want to do that when you're trying to make big things happen? Well, because you won't function to your best abilities if you're stressed, tired and uninspired. You could put over a hundred hours into any one week, but 60 percent of them could end up being redundant if you're just struggling through the days (and nights). Converting an amazing idea into a money making machine is a marathon, not a sprint - and you don't want to burn out half way through - you'll never make it to the finish line.

There are many factors to consider when trying to turn your idea into a money-making machine, but by following these rules, you're sure to get things off to a flying start. Be patient, never stop making improvements and never lose faith in yourself. Need to get your affairs ironed out first? Perhaps these apps will help.

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