Stop wasting time and put your product in the world
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Every day, thousands of ideas are born. Unfortunately, only a few manage to see the light of day. Many of us have conceived ideas that can change society and bring us a fortune, but we may not have had the will to bring them to life because, among other challenges, entrepreneurship means taking risks. Reid Hoffman, founder of LinkedIn, was right when he said, “The entrepreneurial journey begins with jumping off a cliff and assembling a plane on the way down.”
Presenting a few reasons why you too should take that leap – take the steps necessary to grow your ideas in today’s competitive space.
No one knows your ideas better than you. So when you work on it, you are likely to develop a unique sense of personal satisfaction. Indeed, the process can be a dream come true. The problem is that many are led to believe that only a particular group of people with special traits can create things, but that’s not true. Everyone has the ability to achieve their dreams and we can all develop distinct ideas in different industries.
Of course, being an innovator is no small feat, so if you ultimately succeed on a project, you’ll experience a boost in self-esteem. Even if you fail, it’s not the end of the road; there are many more projects to work on in the future that will use the skills and experience gained along the way.
Related: 5 things every entrepreneur should know about risk taking
If you’re unsure of an idea, it doesn’t hurt to give it some time. However, if it lasts longer than, say, three days, you should start gathering some facts, including exploring market possibilities and product concepts. And, of course, you can refine and experiment before releasing it to investors or the general public.
The world we live in is a world with limitless problems, and solutions are desperately needed to solve them. If you are creative enough, you can tap into this wide range of market opportunities. Keep in mind, however, that your innovation doesn’t have to be aimed at the audience; sometimes it may just be beneficial for your personal use. If you need a tool that can make your life easier at home or in the workplace, go ahead and create it, because you might also find that someone might need the same tool, and the sales process then began!
You can also design several innovations at the same time, and the choice will then be yours to determine which one(s) to develop at any given time. If you need help deciding what satisfies you personally or financially, I recommend the idea development tool Realizr.
The consequences of not trying
Keep in mind that not taking risks just means that you are also not ready to make gains and you will also fail to develop new skills that can help you in the future. Think of it like saving money in the bank rather than investing in the stock market. It is true that the latter takes time and involves more risk, but there are reasons to be sure to make good profits if you are patient enough. This same analogy applies here: ideas will lie dormant until you develop them, and you will never grow unless you take the initiative. Perhaps most importantly, I want you to be spared the regret of finding out that someone else is making waves with a project similar to the one you designed.
Related: 5 steps to turn your invention idea into a product
It is natural for human beings to be anxious when they venture into something for the first time – to be tempted to withdraw from the action for fear of doing something wrong, of having the looking silly or failing to meet expectations – but you have to learn how to overcome these obstacles. Frankly, for entrepreneurs, courage is not the absence of fear: it is the ability to persevere. despite this.
Experience has taught most of us that failure is part of the business process and those who fail the most are likely to be more successful as well. For example, Thomas Edison and James Dyson had to repeatedly invent and reinvent their breakthrough products before they were truly ready, but those efforts paid off and they achieved the desired results…and more!
So whenever it seems like your ideas aren’t working, just remember what Edison said about his many iterations of the light bulb: “I haven’t failed 1,000 times; the light bulb was an invention with 1,000 steps.
Simply put, fear is a temporary cognitive and emotional reaction to a potential threat or achievement, and you can actually use it as a motivator to succeed.
The advantages of a team
You can’t be in control of everything, and trying to figure it all out on your own will only make you feel overwhelmed. In fact, research has shown that the best ideas aren’t inspired when we’re alone, but through interactions with like-minded people.
Building a product takes effort and focus, but if you put all your resources into it, how will you cope with other aspects of your life? Because of course, time is money, so you should spend yours on the most valuable tasks.
Related: 5 Goals New Product Prototyping Will Help You Achieve
The opportunities for product developers are so plentiful that you would only change yourself by refusing to work on what could be a real breakthrough. Remember, the more time you spend doubting yourself, the better the chance that other people with similar ideas will jump in, and no one wants to live with regret. So, don’t delay success by “waiting for the right time”, because there is no better time than now.