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Your number one investment
Written by: richard mcgregorArticle Overview: Every one has ideas, inventions, and dreams but only a few people ever make any money from their thoughts. Although people generate millions of them each year, most of these ideas do not make money. Why? Because most people are not willing to put their ideas into practice nor take the time to follow-through with the planning, design and implementation necessary for success and eventually money. Your ideas are your number one investment; a never-ending reservoir of creative wealth and the building blocks of any business.REMEMBER: YOUR THOUGHTS ARE YOUR WEALTH.
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Your number one investment
Every one has ideas, inventions, and dreams but only a few people ever make any money from their thoughts. Although people generate millions of them each year, most of these ideas do not make money. Why? Because most people are not willing to put their ideas into practice nor take the time to follow-through with the planning, design and implementation necessary for success and eventually money. Your ideas are your number one investment; a never-ending reservoir of creative wealth and the building blocks of any business. Therefore as a creative being, it's important to protect your number one investment; your ideas. REMEMBER: YOUR THOUGHTS ARE YOUR WEALTH, so protect your number one investment as you change your thoughts and effort to money.
So how do you protect your ideas? Your ideas are part of your intellectual property. Intellectual property is built and accumulated by every successful business whether it's operating in the new economy or a traditional business. Michael A. Lechter, RICH DAD'S advisor opined," Intellectual property covers a broad gamut of intangible assets". Such assets also include patents, copyrights, goodwill and trademarks.
Can small business realistically compete in the marketplace with big business? ABSOLTUELY. By having a unique product or specialized knowledge or expertise, small business within their niche, can convert ideas and effort into money. In other words, through its intellectual property small business can profit.
The following are step to changing your number one investment to money:
Record every idea you have. Generate a list of those you have had in the past or ideas you currently have about new products, inventions or ways of doing things better.
Look for sources to generate additional ideas-hobbies, in the workplace, at home or church, or when entertaining or being entertained. Exercise your imagination. Don't discount any idea, no matter how silly or impractical it seems. Add these new ideas to the list you have made.
Evaluate each idea on the list by answering the question, "Does this idea or potential product/service solve a problem?" People assign a great deal of value to ideas that provide a solution to a problem, and they are willing to pay handsomely for these solutions.
Make your ideas work by turning them into practical products or services.
Convince others of your idea's worth. Read trade or industry specific journals to find companies who may be looking for a product such as yours.
Prepare in advance for your presentation. Plan what you will say and the information you will present.
Be persistent. Even if you are turned down many times, don't get discouraged by rejection. Every refusal gets you one step closer to success; so learn from each one.
Article Tags: building blocks, creative wealth, dreams, implementation, inventions, money
Referred by: http://jaykubassek.com
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About the Author: richard mcgregor RSS for richard's articles - Visit richard's website I am an industrious, goal-oriented online entrepreneur and facilitator who help aspiring entrepreneurs to live a life by their design. Click here to visit richard's website Qualities of Excellent Leaders Becoming a successful Entrepreneur How to run a business successfully How To Build Wealthy Home Business Secrets Revealed The Best HomeBusiness MLM versus Direct Sales Your number one investment |
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