Instigating a Business

September 24, 2011 at 9:58 am Leave a comment

I have, what I think is a very cool idea for a new business I’m calling Repair-Share.  I’ve put it out there and I’m talking about it to people.   People are responding enthusiastically to the concept, but that is just the start.  As I work on it and begin to develop the idea, I’m making more and more decisions, based on assumptions.  That’s the way it works, you have an idea, develop a business model around it usually with some knowledge of the industry and using existing models.  You launch it, then tweak it as you go.

This one is a pretty new idea so the models are still being developed.  This makes it exciting and it means we have to be very creative – bonus!

It also makes it scarier, because a few wrong assumptions in the beginning can have us heading off in very wrong or worse, irrelevant directions.

This has had me turning around in circles for a month or so as I try to work through these things.  One of my friends messaged me asking how I was doing with it.  I mumbled (yes you can mumble with text) something non-committal.

He asked if it would help if he were involved.  He asked if there were others who might be interested that we could invite together and start hashing this out. I thought about it and realized that, yes other people have said they are interested in helping to get it going.

This has never happened to me before – where I come up with a business idea and people like it so much they want to get involved helping me to get it going.  Pause for a moment and think about that.

We had that meeting yesterday.  The conclusion we reached was that gathering a small community together now to act as testers and feedbackers would get us to the best answers fastest.  We want to co-create with the community who will use this service.  Really, we want to co-create with a bigger group than we are co-creating with now.

I’ve started a blog here to explore some of the ideas and to hopefully get people talking.

I have started an online community on the Ning platform.  This is where we are having the initial co-creation conversations and will likely become the home of Repair-Share.   It is a closed community so if you would like an invitation to join the co-creation team, message me with your email.

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Entry filed under: 1. Know Where You Are Going, 2. Develop Strong Teams, 3. Do It. Tags: , , , , .

Just ask Seth and Mitch Enchantment: the art of changing hearts, minds and actions by Guy Kawasaki

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The Three Success Factors

I have worked closely with 100’s of business owners and I have seen too many struggle. I have seen what works and what doesn't.

It takes 3 things to succeed:
1. Hard work - and I know you do that already.
2. Knowledge - domain knowledge: you've got that and continue to learn; and business knowledge: this is where everyone focuses and it's easy to find
3. Mindset - This is the killer app. This is what makes or breaks small business owners.

We work on Mindset here at the Business Owners Success Club: how you think about yourself and your business.

When you focus on a business that gives you what you need to live a Good Life and gives others what they need to solve a problem, everything else falls into place and you have a successful business.

Using that as a framework we work on one aspect of business every month. February is "Your Place in Your Community" month.

In March we will open the doors to our online community. Stay Tuned.

Sign up here to play along.

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