"If I`ve learned anything on SuN, having it reinforced, it`s that ideas are a dime a dozen (or a gross!).
Everyone has "the hottest idea in the world." Everyone is going to launch a product "totally unheard of by mankind." Nobody in the real world believes a word of it."
It`s funny you say that, I was logging in to post that basically I knew that I was talking talk, and not necessarily walking the walk. To be honest, I`ve never walked the walk when it comes to forming a business bigger than myself.
It`s difficult to speak about all this while keeping a lid on the details, after all, I don`t want someone else to scoop my basic plan and build it first, but wrong.
"BrandAlchemy has been strong on the phrase "proof of concept," and I really like that phrase. It means that "I don`t care what you think or feel about your product if it doesn`t yet exist in some form." I want to see some sort of proof that this thing is going to work."
I agree to everything above. I honestly don`t think that I am ALL THAT, nor do I have self-confidence issues. I understand that investors and the rest of the world are working from their own perspectives, and it doesn`t hurt my feelings (anymore) that they don`t really care about me or how cool this thing is. It`s about money and, proof that it`ll pay off.
While I can`t share details here, I can say that there is at least some proof in concept in that we are utilizing already proven business models and combining them in a new way.
"As a previously professional musician I heard all kinds of promises, promotions, claims, and so on. But it all came down to "show me what you can do." Not only do people mistake their level of skill, in many instances they simply grew up with a faulty set of standards."
"So the idea that`s really going to set the world on fire may only be designed to set Podunk, Idaho on fire, if the person with that idea has never been more than 50 miles away from home. See?"
"You`ve got a lot of passion, and you make a lot of claims. But to hire a CEO, put together a team, or attract an investor, you`re going to need something more than words. Actions usually work a bit better. :-)"
Again, I agree with you. I visited SCORE some months ago to have my initial BP reviewed by someone I hoped could help me move to the next step, getting out of BPing and actually making something happen. I was told to find a location and a CEO. Neither of which I am in any position to aquire. Maybe I need to visit a different acronym?
And you said it, "You`ve got a lot of passion, and you make a lot of claims. But to hire a CEO, put together a team, or attract an investor, you`re going to need something more than words. Actions usually work a bit better. :-)"
Now we`re talking! What are the actions? I have a BP developed as far as I can get it without the experts to finish it off. What about the accountant to put in the right interest rates and the lawyer to put in that contractual thing that keeps me out of prison, that kind of stuff. The reason I don`t feel like a CEO is exactly this, I`m not sure where to steer the ship anymore. I need the experts to take what I have and either fix it, or confirm I did it right myself.
How can I sit down in front of an investor if I don`t know what he wants other than a payoff? There HAS to be common mistakes that many new businesses face in regards to financing and I don`t want to make those mistakes in front of investors. That means bringing in a BP that is real. Really real. A professionally completed BP that has all the answers the investor is looking for.
I agree that actions are better than words, I`m just not sure what my next action is.