Here is something to think about:
One of the most successful businessmen I have ever had the pleasure to talk to, Bob Block, credits his success in great part to his practice of developing five ideas per day to improve his businesses.
This is a practice he developed when he was just starting out as a salesperson in a mid-western state. He would think of five ideas, every single day, for improving his business.
While he admits that most of the ideas were worthless (about 95% of them), the few that were valuable were fairly priceless.
With small business owners struggling to keep their heads above water, don’t you think this practice might help generate innovative new ways to do small business?
The Value of Five Small Business Ideas per Day
I’ve recently started this practice and I can already see the benefits to my small businesses, and to me as a small business owner. Here are the benefits I have discovered so far:
- I’m forced to think outside the box (all the “in the box” ideas were used up in the first few days)
- I practice making mistakes every day, since most of the ideas are useless and can be considered “mistakes” … thus mistakes become an accepted part of learning to improve my businesses
- I think of things only crazy people would think of, and historically crazy ideas are often the ones that result in quantum leaps in the business world
- Many good small ideas pop up, and these ideas are useful for helping me patch up the “leaks” in my businesses, whether they relate to excess spending or lack of linkage between my online media outposts
- This process prevents me from being lazy and conducting “business as usual,” which I tend to do when I think I’m too tapped-out to do more.
I really like this process and it has produced some excellent ideas for my small business. What about you? Care to give it a whirl?