12 Smart Steps to Turning Savvy Idea Into Lucrative Reality

12 Smart Steps to Making Savvy Idea Into Lucrative Reality

protecting your idea may not be your best idea
protecting your idea may not be your best idea
(Image: Thinkstock)

Technology today is a constant catalyst for innovation in all industries. Employees are encouraged to think out of the box and come up with new ideas for the businesses growth or risk being left behind. Although they are employed by a company they must treat their career like they are an entrepreneur.

Forbes contributor Glenn Llopis explains ways people can stay on top of innovation and bring their ideas into reality. “Most great ideas remain dormant because people don’t have the courage, resources, time and/or money to take action,” Llopis writes. “And for those who take action, most are unprepared and thus find themselves spending their valuable time and money on a dream that simply goes astray.” Llopis goes on to say that ideas must be treated like children because they require nurturing and time. “You must own the responsibility regardless of the circumstances.”

Here is how to successfully implement an idea:

Create Your Own Personal Board of Advisers

Learn from those who have done it before. Don’t ever think you have all of the answers, just because it’s your idea. Ideation is distinctly different than execution.

Allow your personal board of advisors to guide you with wisdom born from their own failures and subsequent successes. I talked to a couple of fellow entrepreneurs about this and they offered some of their own wisdom.

Rich Melcombe, President & CEO of Richmel Media & Productions, says that: “If you want to be a successful entrepreneur, listen to everyone because you never know when you will hear a good idea. Advice from stakeholders is usually more meaningful, but not necessarily right. Few people will have enough context to fully understand what you’re trying to do. Synthesize their comments so they make sense to you, understand the thinking behind any negative comments, and then make the decision on your own.”

Read more at Forbes