By Younas Chaudhary
I am a man of action. My life has taught me that timeliness, consistency, and calculated risks can turn dreams and ideas into solid, successful businesses. I am not a dreamer, and I don’t want to be one.
In life, I have met so many people with a bunch of ideas but do nothing to achieve them. For example, several years ago, a friend asked me for some advice on starting an oil company and I gave him a few tips. A few months later he showed up with a business card and letterhead with his company’s name asking me how to buy oil wells. He had no idea and had not bothered to learn the basics, but he went ahead and wasted upfront money on useless items. His dream business remained an idea and it never went anywhere.
As entrepreneurs, just 5% of our ideas become viable businesses. Instead of keeping them in mind, we must act on them. We spend an endless amount of time researching an idea and overthinking rarely leads to action.
Fortunately, I act fast instead of procrastinating with ideas in my mind. Once I do my homework on a deal or a project, I move fast to make it happen without worrying much about the consequences. Timely actions matter because if you don’t act, your competition will. Recently, a lucrative acquisition fell into my team’s lap. My team acted quickly and was able to close the deal successfully.
Timeliness is a critical ingredient to turn your ideas into reality. If you do not act on time, others will steal that opportunity. I’ve seen this happen many times throughout my life.
Here are a few tips to make your ideas happen:
Write your ideas: Document your ideas on paper and follow up on a digital platform. This helps clarify your thoughts and prevents them from getting lost.
Prioritize: When you have many ideas, evaluate those that are most feasible and align them with your goals. Focus on ideas that have the greatest potential for implementation.
Break them into smaller tasks: Tame your ideas and break them into actionable steps, making them manageable and easier to accomplish.
Set goals and deadlines: Establish clear objectives and deadlines to keep yourself accountable and motivated.
Take timely action: Start working on your ideas one step at a time. Even small progress is better than none.
Seek feedback: Share your ideas with others to gain valuable insights and perspectives. Constructive criticism can improve your ideas and implementation approach.
Overcome fear and procrastination: Embrace failure as a part of the learning process and push through any hesitation or doubts.
Stay consistent: Make consistent efforts towards implementing your ideas, and don’t be discouraged by setbacks.
Let’s make your ideas happen today. Stay Blessed!
Disclaimer
The views, thoughts, and opinions expressed in this article are my own and do not represent the opinions of any entity with which I have been, am now, or will be affiliated. Further, I make no warranty regarding the accuracy or effectiveness of my recommendations, and readers are advised to consult other advisors as well as their own judgments in making business decisions.
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