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We often use the analogy of a brick wall to describe the dilemma that entrepreneurs face when they just cannot see the next step in building the business: it's like running into a brick wall. These brick walls have stopped many good ideas from making their way to a market.
I have been talking with an individual for several months about what I consider to be a great idea. She is the classic inventor who can develop a rough idea into a finished product in her mind.
After our last discussion, I sent her the outline of how to develop a summary of her business idea. The task was to write a few paragraphs about each of the following business areas: product, market, customer, distribution strategy, team, finances, etc. We talked about how important it is to be able to reproduce her ideas in a written and organized form in order to see where there might be weaknesses and opportunities - where her idea is in good shape and where she needs work.
We met again today - no summary. I realized that what I was asking her to do - develop the outline of a business plan - is her brick wall. Her idea was further along than during our last meeting, and she had even moved toward a prototype, but the business model was stuck in idle.
Several books have been written to assist beginning entrepreneurs, including "The Art of the Start" (Kawasaki), "Six Week Start-Up" (Abrams), "Entrepreneurship for Dummies" (Allen) and "The E-Myth" (Gerber).
To understand what may be involved in starting a business, take a few minutes and page through the table of contents in a couple of the books. Write down the titles for each chapter. You now have a rough outline of what needs to be accomplished in business formulation.
Next is the critical step: deciding which steps you are willing to undertake from the list, and what you honestly have the competency to accomplish.
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