While pondering about business and the million dollar home page, about people who make it rich, it suddenly dawned on me that an opportunity could be just around the corner.
Although I know it is not a good thing, I some times compare myself with my peers from university, to see where we are financially. Now please don’t get me wrong. I don’t compare in the manner like who got a bigger car, house, office. I look at how our different characters, perhaps the way we deal with risk, and also the dreams that landed us where we are today. And I wonder how some of us do better and some less so.
Well money making opportunities are all around us. This leads me to , my other half, who being entrepreneur minded, decided to make cookies for sale. I wasn’t too hot on the idea, cos as a kid, I’ve helped mom bake cookies and it was hard work. Its much easier to eat them. But my darling s.o. baked good cookies. So she got orders. Lots and lots of them.
The problem is making cookies is tough, some times back breaking work. After an initial sample batch, a quick calculation revealed that the time spent making cookies, only generates something like minimum wage! What the …. The only way forward is to make the process faster. Being the DIY, problem solver guy that I am, I put on my thinking cap to see how the process can be hasten and cookies created in an instant. Well I’m not there yet but evolving and making changes.
And I realized a second point. Like my post a few days ago. Just do it. When you have the desire for the result, in this case, producing a large number of cookies with minimal labor, then my mind automatically goes into search mode. But you must be on the look out for improvements, innovation, and to be dissatisfied with status quo. If I just thought, well that’s as many that can be produced in an hour, then we’d get stuck.
And so, I’ll be applying what I just learned to my life, business and personal. Coming back to my original thoughts, open my eyes wide and keep a lookout. Many opportunities are hard work in the beginning. Who knows, perhaps we’ll be the next Famous Amos.
In summary,
1. If you have an idea, follow through,
2. Be willing to fail,
3. Make changes to make it work or work better.
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There are a few other “Grand Keys” to success one should consider.
For example:
Traffic- Your S.O. already had some of this key, but balancing Traffic with supply is key to success. Too much traffic will result in shortage (or in the case of a blog, too many comments to read). Too little in oversupply and wasted inventory