Skip to main content

The Main Reason Business Ideas Fail

                                                      It is no secret, 'the world is changing'.
Blink and everything is different. It’s also no secret that ideas are instrumental in adapting to change and, in many cases, instigating it.
So why then aren’t more organizations more successful in generating viable, ‘outside the box’ ideas?
In a survey we conducted, we unearthed the biggest barrier to creativity in an organization is Risk Aversion! Not lack of talent.
Right now your competitors are coming up with ideas.  Think about it. As you read this they are probably brainstorming how to better connect with their clients, how to invent the next new product, and how to streamline their systems to get a more competitive edge…over you.
To outgun them, just having ideas isn’t the answer - you need to have OUTSTANDING ideas. You need to stop playing safe and generate ideas that drive your business forward, because having adequate business ideas won’t get you to the next level. You need to push past adequate and obvious and come up with game-changers!
How do you do that? Here are three practical strategies you can put in place right now as first step to overcoming Risk Aversion in your business.
Give Permission
Give your people (and yourself) permission to think more creatively, take creative risks, and seek out fresh and unique possibilities. Give them permission to go past adequate and safe, because your people won’t generate brilliant business ideas unless they feel a supportive environment where you give them permission to do so.
Judge later
The biggest mistake when generating new ideas is evaluating and judging them too quickly. Ideas need to evolve, they need to be explored, massaged, pulled apart and tinkered with. If you judge an idea the instant it appears, you will kill it. So judge and evaluate business ideas after you’ve explored them. And only then!
Train Your Brain
One thing I know from working on the ideas front-line most of my life, is that people who have outstanding ideas are always having ideas. Sounds simple right? It is. It’s simple, not easy. Coming up with profitable business ideas isn’t just a matter of turning on and off the ‘idea’ switch when you need it. You need to be constantly practicing and doing. Your brain is like a muscle, train it!
Allocate a small space in your daily routine to come up with a least 3 ideas on various aspects of your business (or life!). It will build your creative muscle like a physical reflex and when you need it, it will be there for you.
Be OUTSTANDING!

Comments

Post a Comment

Popular posts from this blog

A Free Life Insurance with EPF...

Post a Comment
Read more

Harnessing the Power f words...

Have u ever noticed that during those times you were convinced something would go wrong, it usually did? “I’m going to mess this speech up; they’re not going to like me; I am not good enough.” On the other hand, in those times when you were convinced you couldn’t fail, things tended to go smoothly and successfully. “I can’t lose; I just know there is a connection; I have what it takes.” While we all have varying degrees of psychic knowing, these self-fulfilling prophecies have more to do with mindset than intuitive premonitions. ​ Negative self-talk comes in many forms. It may sound factual, “I won’t get the raise,” prudent, “If I try, I’ll fail,” or like a realistic observation, “I am all alone.” Negative self-talk hinders our healing, growth, evolution, and ascension, creating adverse outcomes for ourselves and our lives.   We all have an occasional dark cloud floating across our clear mental skies. However, it can’t rain every day! The more negative thoughts we have, the more ne...
Post a Comment
Read more

Surrendering a policy: When should you do it — and should you at all?

Hi There, Individuals must look at the reason for surrender — whether they need the money or they think they can't make future premium payments — and accordingly make their decision... It is ironical that at a time when one is in desperate need of his/ her money, while surrendering a traditional policy (endowment or money back), policyholders in the majority of cases end up with a surrender value that is even lower than the premiums paid. Post pandemic the economy, and livelihoods, 2021-22-23witnessed a sharp spike in insurance policies being surrendered ahead of their maturity. Data show that more than  2.3 crore life insurance policies were surrendered  during the year — more than three times the number of policies (69.78 lakh) surrendered in 2020-21. It is ironical that at a time when one is in desperate need of his/ her money, while surrendering a traditional policy (endowment or money back), policyholders in the majority of cases end up with a surrender value that is even...
Post a Comment
Read more