315. The Top 6 Ways To Come Up With Your Business Idea with Justin and Tara Williams (Replay)
06/10/24 • 22 min
One of the reasons people get hung up on starting a business is that they think they need to have this big, crazy, original idea. That's just not the case. There are a million ways to make a million dollars. All you need is one simple idea and you're probably much closer than you think. In this episode, Justin and Tara cover the six different ways to come up with YOUR big idea.
(Original Air Date - 2/17/23)
What we discuss with Justin and Tara:+ Welcome to Millionaire University
+ The Big Idea: Financial Independence and Abundance
+ Six Different Ways to Come Up with Your Big Idea
+ Go with Your Gut: Implementing Your Idea
+ The Importance of Product Research
+ The Reality of Starting a Business
+ Figuring Out Your Product Quickly
+ Committing to Your Business Idea
+ The Danger of Being Fickle
+ The Importance of Taking Action Quickly
+ The Difference Between Squirrel Moments and Intelligent Pivots
+ The Power of Picking a Skill or Topic
+ The Potential of Improving Existing Tools or Services
+ The Value of Asking Others About Their Businesses
+ The Power of Google for Business Ideas
+ Conclusion: Committing to Your Big Idea
Resources from this Episode:To get more help on coming up with your business idea, check out this blog post: Coming Up With Your Business Idea
Want 300+ ideas for your business, check out our FREE Business Training where we include all of these!
If you enjoyed this episode, let us know by clicking on any of the links below to send a quick shout-out: Instagram, Twitter, Facebook, Youtube, TikTok and LinkedIn. We'd love to hear from you!
And if you want us to answer your business questions on an upcoming episode, drop us a line at [email protected].
To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors.
One of the reasons people get hung up on starting a business is that they think they need to have this big, crazy, original idea. That's just not the case. There are a million ways to make a million dollars. All you need is one simple idea and you're probably much closer than you think. In this episode, Justin and Tara cover the six different ways to come up with YOUR big idea.
(Original Air Date - 2/17/23)
What we discuss with Justin and Tara:+ Welcome to Millionaire University
+ The Big Idea: Financial Independence and Abundance
+ Six Different Ways to Come Up with Your Big Idea
+ Go with Your Gut: Implementing Your Idea
+ The Importance of Product Research
+ The Reality of Starting a Business
+ Figuring Out Your Product Quickly
+ Committing to Your Business Idea
+ The Danger of Being Fickle
+ The Importance of Taking Action Quickly
+ The Difference Between Squirrel Moments and Intelligent Pivots
+ The Power of Picking a Skill or Topic
+ The Potential of Improving Existing Tools or Services
+ The Value of Asking Others About Their Businesses
+ The Power of Google for Business Ideas
+ Conclusion: Committing to Your Big Idea
Resources from this Episode:To get more help on coming up with your business idea, check out this blog post: Coming Up With Your Business Idea
Want 300+ ideas for your business, check out our FREE Business Training where we include all of these!
If you enjoyed this episode, let us know by clicking on any of the links below to send a quick shout-out: Instagram, Twitter, Facebook, Youtube, TikTok and LinkedIn. We'd love to hear from you!
And if you want us to answer your business questions on an upcoming episode, drop us a line at [email protected].
To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors.
Previous Episode
314. The Only 3 Things Every Business Needs with Justin and Tara Williams (REPLAY)
The Only 3 Things Every Business Needs with Justin and Tara Williams (Replay)
Starting a business isn't easy, but it's not that hard either.
One of the reasons some business owners struggle is that they get easily distracted with things that have little to no impact on their business.
In this episode, we discuss the only 3 things that really matter in your business. This will be critical to understand as you grow your business.
(Original Air Date - 2/16/23)
What we discuss with Justin and Tara:+ Introduction to the Millionaire University Podcast
+ The Importance of Focus in Business
+ The Three Essential Elements of Every Successful Business
+ The Role of Distractions in Business
+ The First Essential Element: A Product or Service
+ The Second Essential Element: Selling the Product or Service
+ The Importance of Embracing Sales
+ The Third Essential Element: Delivering on the Promise
+ The Role of Systems in Business
+ The Game of Business
+ The Importance of Taking Steps into the Darkness
+ Summary and Next Steps
Resources from this Episode:Knowing what NOT to do in your business is sometimes just as important as knowing what to do. Check out this article, to learn more about The Only 3 Things Every Business Needs
Sign up for our FREE Business Course - over 300+ new business ideas, also includes the 7 Phases of a business, so you know where you are now and where you need to go next. You'll also get 7 of the most popular marketing strategies and 31 stay-on-track hacks that successful millionaires follow to grow and automate their businesses. Go to https://www.millionaireuniversity.com/training.
To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors.
Next Episode
316. How to Start and Grow a Vending Machine Business with Little to No Money with Mike Hoffman
Building a lucrative income stream through vending machines is the discussion for today's podcast. Mike Hoffman from mrpassive.com shares how he transitioned from a career in sports science and real estate to managing 25 vending machines that yield significant monthly profits. The conversation covers the initial investment, operational strategies, and the high profitability of vending machines compared to stocks and real estate. Mike also emphasizes the growing potential of the vending industry, especially with technology advancements and market saturation ripe for disruption. Listeners can learn about the ease of starting and scaling a vending machine business, hiring strategies, and the long-term financial benefits and equity-building potential of this venture.
What we discuss with Mike:+ Meet Mike Hoffman: From Sports to Vending Machines
+ The Journey to Vending Machine Success
+ Why Vending Machines Over Real Estate?
+ Earning Potential and Location Strategy
+ Getting Started with Vending Machines
+ Stocking and Managing Your Vending Machines
+ Hiring and Scaling Your Vending Business
+ The Importance of Technology in Vending
+ Disrupting the Vending Industry
+ Buying and Valuing Vending Routes
+ Expanding Vending Operations
+ Vending in Hotels and Remote Management
+ Time Commitment and Profitability
+ Challenges and Liabilities in Vending
+ Future of the Vending Industry
+ Final Thoughts and Advice
Thank you, Mike!A BIG thank you to Mike for sponsoring today's episode and for sharing so much value! To learn more about starting your own vending machine business, go to Mr.Passive.com.
And to connect with Mike check him out on Instagram and Youtube.
To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors.
Sign up for our FREE Millionaire University Business Course - Understand the 7 Phases of A business, so you know where you are now and where you need to go next! Go to https://www.millionaireuniversity.com/training.
Wanna get social? Click on any of the links below to connect with us.
Instagram, Twitter, Facebook, Youtube, TikTok and LinkedIn. We'd love to hear from you!
And if you want us to answer your business questions on an upcoming episode, drop us a line at [email protected].
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