How To Come Up With Million Dollar Business Ideas

Billion Dollar Ideas

Continuation from yesterday…..

Understandably, the answer to this question is different for everyone. It is the question that can only be answered when one has complete freedom from all circumstances and enough financial resources to be able to do anything.  While for some of us it means laying on the beach all day while drinking margaritas, others might spend most of their free time shopping.  I am not entirely sure how that can be of interest for very long, but to each its own.

For people like me, it might be travelling the world, learning about various cultures while having the luxury to stay at any given place for as long or for as little as I wish. Others might concentrate all of their attention on giving back, starting a charity or running a business. Finally, the rest might simply enjoy spending more time with their friends, family and kids while having the financial freedom to support their loved ones.

Knowing what you really want out of life in crucial when it comes to developing your next big business idea.  When money is no longer an issue it becomes a force multiplier. In other words, it allows you to concentrate on business ideas that really spark your passion.  The exercise above is designed to uncover what that is.  By putting money aside and by making it a non issue you will able to discover what your true passions are and what really gets you going. It is only by concentrating your attention on this area that you will be able to achieve success on top your brilliant business idea.

On the contrary, going after a business idea for the sake of making more money or for the sake of getting rich is a recipe for a disaster.  As you probably already know, generating great business ideas is just the first stepping stone on your path to success. Undoubtedly, you will run into a multitude of problems, issues and failures as you continue to build your business. Yet, if you are not passionate or love what you do, the probability of you quitting along the path increases exponentially. In fact, in 95% of the cases it is the difference between failure and success.

Perhaps Steve Jobs said it the best in his interview a few years ago (Link To Video)

“People say you have to have a lot of passion for what you are doing and it’s totally true and the reason is, because it is so hard and if you don’t have that passion, any rational person would give up.  It’s really hard. And you have to do it over a sustained period of time. So, if you don’t really love it, if you are not having fun doing it, you are going to give up. And that’s what happens to most people actually.

If you really look at the ones that ended up being successful, in the eyes of the society and the ones that didn’t, oftentimes the ones that were successful loved what they did so they have persevered.  You know, when it got really tough. And the ones that didn’t love it, quit, because they are sane.  I mean who would want to put up with this stuff if you don’t love it.  So, it’s a lot of hard work and it’s a lot of worrying, constantly and if you don’t love it you are going to fail. So, you have got to love it, you have got to have passion”

Truer words have never been spoken and that is exactly what it takes.  First, find your passion and what you truly love. When it gets tough, as it undoubtedly will, this passion will help you through the sleepless nights and through the near death experiences that you will surely encounter on the way. It will make all the difference between failure and success. When you really know what you want out of life and what your passions are, life becomes a whole lot easier. So, forge your next big idea out of your passion and success becomes a guaranteed outcome.  Let’s get to it.

Z30

How To Come Up With Million Dollar Business Ideas  Google

How To Generate Billion Dollar Business Ideas

Billion Dollar Ideas

Back in 1996, on what I can only hope was a cold night; Larry Page woke up with a brilliant idea in his mind.  That idea was to download the entire web onto a single PC or a server. He spent the rest of the night scribbling out the details, running calculations and convincing himself that this crazy idea just might work.  A few years later this idea morphed into Google and the rest, as they say, is history. Today, just 18 short years later, Larry Page’s net worth is over $30 Billion.

The story above clearly demonstrates the power of great business ideas. And while the chances of you replicating Larry’s success are slim to none, understand something very important. Getting an idea that is 1/1000th as good as Google’s would make you rich beyond your wildest dreams.  The best part about the story above is that very few business ideas are born out of dreams.  Luckily for us, most great business ideas are developed through practice, experience, effort and hard work. That is what this book is all about.

However, before we go any further, allow me to ask you something very important. What would you do if you won a lottery today?  Let’s say you hit one of those Mega Jackpots worth $500 Million. Only one winning ticket was sold and it is all yours. After all the taxes you end up netting about $250 Million. You are beyond excited and with that kind of money only one thing is clear, you don’t have to work another day in your life.  The life of your dreams is finally at hand.

The question is, what does the life of your dreams entail? Certainly you would want to spend some of that money on toys and excess. You would probably buy a few mansions, a few sports cars, give some money away, buy a business, invest in the stock market, buy art and go on an expensive trip around the world.

Let’s say that even with this initial spending spree you were only able to spend about $50 Million. Quite an accomplishment, but with over $200 Million still sitting in your bank account and earning interest, the question remains. What else would you do?

Stop, put this book down for two minutes and really think about it.  This is incredibly important. The true answer to this question is where your next million or a billion dollar idea will come from.  Remember, you are already rich beyond your wildest dreams. Would you use the rest of that money to….

  • Completely free up your time to do whatever it is that you want to do?
  • Travel around the world in style?
  • Improve the way you look, your health and/or your lifestyle?
  • Spend more time with your friends and family?
  • Disappear into a quiet corner to enjoy the life of comfort, happiness and joy?
  • Give and to help others who are less fortunate?
  • Grow as a human being and use it to become more educated?

What would you do?

To be continued tomorrow…..(Why Are You Seeing This On  A Financial Website?)

Z31

How To Generate Billion Dollar Business Ideas  Google