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How to convert great business ideas into action?

Are you an ideas person? Someone prone to regular flashes of brilliance and new inspirations? If so, this is extremely good news for your business. After all, great ideas are the currency of business success but it is in their actioning that the real gold lies. If your great ideas never get past that initial idea stage, they can never develop and grow so as to bring your business the rewards they offer. What you need is a process to propel your idea into being. Here we share a simple yet effective four-step approach to convert your great ideas into actions.  
 

Refine your idea

Remember that first drafts are usually working drafts. Rarely do you hit on the perfect idea and pathway forward straight off the bat. Great ideas develop and grow so be sure to keep a flexible mindset towards your initial flash of brilliance. That way you leave room to refine your idea into a sharp, execution-ready concept. Why not road test your idea with some trusted others to get valuable constructive feedback and insight that you can integrate and build on.

Break down your goals

Remember that first drafts are usually working drafts. Rarely do you hit on the perfect idea and pathway forward straight off the bat. Great ideas develop and grow so be sure to keep a flexible mindset towards your initial flash of brilliance. That way you leave room to refine your idea into a sharp, execution-ready concept. Why not road test your idea with some trusted others to get valuable constructive feedback and insight that you can integrate and build on.

Delegation and outsourcing

Plot twist: you should not and cannot do it all. We get it. As a small business owner, you are time-poor and juggle multiple balls in the air every minute of the day. This makes it hard to develop and grow ideas so they take seed and grow into executable plans. Here is where sharing the load can be invaluable. It will likely be a new muscle for you to flex, but seriously consider where you can delegate and outsource aspects of both your business and idea execution. That way you can make it all happen without sacrificing in other areas of your business.

Build momentum

Momentum will catapult your idea into reality. So gather your resources and capitalise on these when the time is right. Remember, great ideas grow and develop so timing is everything when it comes to using the resources you have at your disposal. By allowing your idea the space to grow and develop, you expand the opportunities for your idea to capitalise. Similarly, grow and develop the resources you have to back your idea through networking and collaboration.
 
Don’t let your smart ideas become dormant. Pursue your ideas passionately, giving these the space to grow and develop as they come into being. Capify has a host of flexible small business loans to place momentum behind your ideas in the form of crucial funds. Speak with us today.
 

Or call 1300 760 930 to speak with one of our friendly Lending Consultants now.


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