Entrepreneurial Innovation For Solopreneurs

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The health of your business requires a constant infusion of new ideas and innovation. Market trends, competition, and technology challenge you to look at your business in new ways to stay ahead of the competition, but the answers to solve those challenges don’t rush to mind. As a solopreneur, you don\\’t have a team to rely upon to brainstorm for these new ideas…and not every idea is the right one for your business. If you want your business to survive and thrive, you must learn the secrets to generating sound ideas for your firm.

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Entrepreneurial Innovation For Solopreneurs

  1. 1. Entrepreneurial Innovation for Solopreneurs Generate Sound Business Ideas When You Work Alone Presenter: Raj Gavurla August 26, 2009 (11:30 am – 12:30 pm EST) Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com
  2. 2. Foundational Principle <ul><li>“ It takes spirit-enhancing action to produce spirit-enhancing results.” </li></ul>Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com
  3. 3. Common-Sense Decision Making Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com The one question to ask before pursuing an idea is?
  4. 4. Decision Making and Financial Formula ( work + time + money ) x probability = spirit-enhancing results Work = 1 (worth doing) or 0 (no value to the company) Time = 1 (can be done in a timely manner) or 0 (time-prohibitive) Money = 1 (not cost prohibitive) or 0 (cost prohibitive) Probability = 1 (a deal is in place), .5 (may or may not happen), 0 (will not happen) If spirit-enhancing result = 3, pursue If spirit-enhancing result = 1.5, consider pursuit If spirit-enhancing result = any other value, do not pursue Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com + + x = ( )
  5. 5. Listen for Your Winning Inner Voice Be around it to gain perspective Don’t discredit yourself Raise the bar with an amazing idea All it takes is one idea
  6. 6. Analyze Any Business Idea ROI Return On Involvement Return On Image Return On Imagination Return On Intensity Return On Intelligence Return On Influence Return On Investment Sales and Business Development Client Modular Approach Client Modular Approach Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com Sell The Idea to Garner Community Support and Find Potential Financial Backers
  7. 7. Relationship Between Mood and Subconscious Winning Mental Pyramid Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com Mindset Attitude Relationship Between Motivation and Inspiration
  8. 8. Destroy Your Self-Defeating Voice <ul><li>Raj’s Interactive Coaching Process </li></ul><ul><li>What is your winning inner voice telling you about the goal you’re struggling with? </li></ul><ul><li>What is your self-defeating voice telling you? </li></ul><ul><li>What are the challenges or obstacles? </li></ul><ul><li>What does your winning inner voice tell you to overcome the challenges or obstacles? </li></ul><ul><li>What are you doing to rededicate and commit yourself to your goal? </li></ul>Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com
  9. 9. Chat Question and Answer Raj Gavurla 404.918.7366 [email_address] www.rajgavurla.com Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com
  10. 10. Action Items Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com <ul><li>In-grain into your mindset the foundational principle </li></ul><ul><li>Use the common-sense, decision making processes </li></ul><ul><li>Find an amazing idea </li></ul><ul><li>Relate to the winning mental pyramid </li></ul><ul><li>Destroy your self-defeating voice </li></ul>
  11. 11. Summary <ul><li>Develop a sound business idea using common-sense, decision-making processes </li></ul><ul><li>Listen for Your Winning Inner Voice </li></ul><ul><li>Analyze your idea to determine if it makes good business sense </li></ul><ul><li>Sell the idea to garner community support and find potential financial backers </li></ul><ul><li>Destroy your self-defeating voice </li></ul><ul><li>Action items </li></ul>Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com

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