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Saturday, November 24, 2007

Timing is everything so write it all down!

When building a business, stock portfolio, or a passion. Time is the most important. According to Jerry Kaplan timing is key. He talks about many companies that you see today have evolved and many people have had the same idea. Not only that but other companies have been created prior to, to do the same thing. But the company that survives and is the key market player is the one with the best timing. Many times people aren't ready for the technology.
So how do we as entreprenuers use this to our advantage. I believe documentation is best. I have a small book that I write every idea in. All of the number one inventors came up with their ideas by two different ways. The first is a mistake. I had heard that post it notes were a mistake. Someone created a glue that would stick but you were able to remove it without residue. Or they have an idea book. One person I either read about or heard say was he had a book that sat beside his bed on his night stand. When he would have an idea in the middle of the night he would write it down. And every night before bed he would read through it. This was because the mind works it's best at night according to him.
So I have a similar process but I will write it down as the day passes and acasionaly I will look back and maybe build upon ideas. This book doesn't just contain ideas but quotes, figures, and odd facts. By doing so I am able to look at all my ideas and see which I am more passionate about. Try it some time you might be interested in the areas that you actually have ideas.
But when you do this figure out when these ideas are going to work best. Is it something that we all need now or is this something that is going to be needed twenty years from now. When trying to figure this out talk it out with some close friends or business partners. The best person I have found was my wife. She usually has a level head. Many times we are so content on a way something must be created or made that it takes a third party to assist to get us out of the paradigm.

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