How To Turn Your Million Dollar Idea into a Reality

How to Turn Your Million Dollar Idea into a Reality (ISBN 0731405757, ISBN 9780731405756), a book written by Pete Williams was first published by January 1, 2007.

Overview

"Aha" and "Eureka" moments occur when you least expect them. The conception of million dollar IDeaS can happen to anyone anytime and when it is implemented in the most appropriate of manners, it can change someone's life drastically.

The importance of idea conception when starting a business is undeniable but this book gives more weight to proper implementation in order for an idea to turn into something that would bring success to a business or an enterprise. No matter how great the idea is, it is always the implementation that makes the difference.

Highlights

According to statistics, 9 out of 10 businesses fail. And more often than not, this failure is brought AbOUT by poor implementation. That is why entrepreneurs must learn how to turn their imagination to:

Idea Conception - Some imaginations are great business ideas that only await conception and implementation, even when they seem rather unusual at first.

Fearlessness - An entrepreneurial venture can only succeed if one chooses to look beyond his or her fears.

Finding your million dollar idea - The mind conceives a myriad of ideas but there is one that is worth a million dollar. This is the idea that an entrepreneur needs to find.

Standing out and making a name - There are many businesses out there and some of them may even be implementing an idea that is similar to yours. This is exactly the reason why you need to work your way towards getting ahead of others.

Setting goals for success - Traveling the road to success is not as easy as walking in the park. There will always be difficulties and as Williams put it "Goals provide direction and motivation."

Planning the journey - Being too busy doesn't mean you are already achieving something. Activity does not guarantee success. Businessmen need to plan their entrepreneurial journey and they need to do the planning well.

Profitable systems - Williams defined a system as something that: Saves Your Self Time, Energy, and Money. Entrepreneurs need to learn how to set up systems that would allow them to gain more profit.

Other Key Concepts

Most successful businesses and corporations have excellent Unique Selling Propositions. Williams also pointed out that pricing a product or service should be done appropriately in order for businessmen to maximize profit.

One part of the book discusses the importance of being able to gain knowledge on the technical and the legal aspects of setting up a business. It also has sections that teach entrepreneurs how to get profitable publicity, effective marketing strategies, and utilize the World Wide Web in doing business.

In order to make the most of every business venture, it helps to maximize the possibility of getting publicity that is profitable enough. There are several factors that influence customers and these are the things that every businessman needs to find out.

The book also talks about How to make money even after you have already made sales and how to creatively grow small enterprises into highly profitable businesses through the ultimate business model.

Reception

The book has received several raves from different entrepreneurs and business magazines in and outside Australia.

Dr. Tony Alessandra, author of The Platinum Rule and Charisma wrote: "The lessons and techniques Pete has shared in this book will help you gain the competitive edge in whatever business you choose to pursue. It’s full of unique street smart marketing ideas that anyone can easily put into place."

Those who have read the book can attest to the fact that ideas can spring from anywhere but turning that brilliant idea into reality is what makes the difference and that's exactly what the book teaches is readers

References