So you have an idea, and you want to build a business around it.
You've worked out the elements that you need to invest in.
You've worked out what the inputs are and what the outputs will be.
But it will only become a business when you invite people to try it out.
Recently I had the opportunity to visit a Michelin-star kitchen.
THEY KNOW WHAT THEIR INPUTS ARE.
THEY KNOW WHAT THEIR OUTPUTS ARE.
What pulls it all together is the team, their skills and a vision.
Some businesses never get to the point where the inputs and outputs are clearly defined - before trading begins.
This leads to a test and learn system.
But that can cost time and be expensive.
It can be testing on people.
It's a small test, but grab a box of lego. Come up with an idea of something you'd like to build. Seek out the parts you need, build it, and then look at what you have when you've finished. Think about what you have at the end.
Would you make more of the same thing or would you think more about it before you got started building more.
Just a thought.
Here's Todays Podcast
Thanks for listening
Phil (Founder and Director of DX3.co.uk)