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Saturday, 19 April 2008

Business Ideas...

Ideas, we’ve had them
Since Eve deceived Adam
But take it from me,
Execution's the key”

A stanza from a poem entitled “How to get Rich” by Felix Dennis

I would suppose an approach to answering your question, would be to state:

“It depends on how you slice and dice it?”

What is meant by this statement, is that it depends on "where you are now?" and "where are you coming from?"

Are there any urgent needs or unfulfilled desires?
Is there a “tyranny of the status quo?”
Is there a need to re-invigorate profits?
Is it innovation you are after or merely idea generation?
As examples…

If we learn to open our eyes and engage and interact in the world around us, on a slightly different basis, veering slightly off the normal path or direction, keeping an open mind and asking “why” type questions all the time, we might continuously stumble across opportunities to recognize business ideas.

I am investigating the “open source of ideas” via social networking at the moment and your questions fits neatly into this type of category and investigation.

Ideas can also set off a chain reaction and following on from the themes in the poem by Felix Dennis in summary chain would probably look like this:

Ideas [require]
Funding [which attracts]
People [who engage in the]
Execution [adding to]
Overheads [which reduces]
Profit [margins shrinking and leads to a]
Focus [and a need to]
Question the initial proposition [which again leads to]

Rohan Badenhorst

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