entrepreneurial innovation for solopreneurs
DESCRIPTION
The health of your business requires a constant infusion of new ideas and innovation. Market trends, competition, and technology challenge you to look at your business in new ways to stay ahead of the competition, but the answers to solve those challenges don\\’t rush to mind. As a solopreneur, you don\\’t have a team to rely upon to brainstorm for these new ideas…and not every idea is the right one for your business. If you want your business to survive and thrive, you must learn the secrets to generating sound ideas for your firm.TRANSCRIPT
Entrepreneurial Innovation for Solopreneurs Generate Sound Business Ideas When You Work Alone
Presenter: Raj GavurlaAugust 26, 2009 (11:30 am – 12:30 pm EST)
Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com
Foundational Principle
“It takes spirit-enhancing action to produce spirit-enhancing results.”
Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com
Common-Sense Decision Making
Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com
The one question to ask before pursuing an idea is?
Decision Making and Financial Formula
( work + time + money ) x probability = spirit-enhancing results
Work = 1 (worth doing) or 0 (no value to the company) Time = 1 (can be done in a timely manner) or 0 (time-prohibitive) Money = 1 (not cost prohibitive) or 0 (cost prohibitive) Probability = 1 (a deal is in place), .5 (may or may not happen), 0 (will not happen)
If spirit-enhancing result = 3, pursue If spirit-enhancing result = 1.5, consider pursuit If spirit-enhancing result = any other value, do not pursue
Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com
+ + x = ( )
Listen for Your Winning Inner Voice
Be around it to gain perspectiveDon’t discredit yourself Raise the bar with an amazing ideaAll it takes is one idea
Analyze Any Business Idea
ROI Return On InvolvementReturn On ImageReturn On ImaginationReturn On IntensityReturn On IntelligenceReturn On InfluenceReturn On Investment
Sales and Business Development Client Modular Approach Client Modular Approach
Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com
Sell The Idea to Garner Community Support and Find Potential Financial Backers
Relationship Between
Mood and Subconscious
Winning Mental Pyramid
Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com
Mindset
Attitude
Relationship Between
Motivation and Inspiration
Destroy Your Self-Defeating Voice
Raj’s Interactive Coaching Process1.What is your winning inner voice telling you about the goal you’re struggling with?2.What is your self-defeating voice telling you?3.What are the challenges or obstacles?4.What does your winning inner voice tell you to overcome the challenges or obstacles?5.What are you doing to rededicate and commit yourself to your goal?
Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com
Chat Question and Answer
Raj Gavurla [email protected]
Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com
Action Items
Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com
In-grain into your mindset the foundational principle Use the common-sense, decision making processes Find an amazing idea Relate to the winning mental pyramid Destroy your self-defeating voice
Summary
Develop a sound business idea using common-sense, decision-making processes Listen for Your Winning Inner Voice Analyze your idea to determine if it makes good business sense Sell the idea to garner community support and find potential financial backers Destroy your self-defeating voice Action items
Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com