7/27/2021 Tip: Don’t Sit On It | Growthink

7/27/2021 Tip: Don’t Sit On It

Today’s Quote

“It seems to me we can never give up longing and wishing while we are thoroughly alive. There are certain things we feel to be beautiful and good, and we must hunger after them.”
~ George Eliot

 

Today’s Tip

For those of you who’ve watched the TV show Happy Days, you might recall The Fonz occasionally using the phrase “Sit on it” to essentially tell others to “buzz off.”

The WORST thing you can do as an entrepreneur is to “sit on it” or sit on your ideas. Rather, you must act on them. If not, someone else will. There are simply too many other entrepreneurs out there.

The saying “the richest place in the world is the graveyard” is really applicable here. Why is it the graveyard? Because that’s where the billions of ideas go that were in the heads of entrepreneurs who never acted on them.

If you have an idea for a new business, you must take the first step. Or you really can’t call yourself an entrepreneur — you’re just a “dreamer.” Sorry to be so blunt about this; but it’s the truth.

So take the first step.

I believe the first step is to develop your business plan. The business planning process forces you to really think through your idea, prove it’s viable (or not), and create an action plan for transforming your idea into reality starting now (not later).

So, if you’ve been sitting on an idea, STOP. Take action now. Don’t let Fonzie say “sit on it” to you.

 

Today’s Resource

[Training] How to DOUBLE Your Profits

Don’t you wish you could double your profits, and increase your income?

Here’s the solution <— Click Here

The “trick” is to make tiny improvements to multiple areas of your business, at once… 

Do that, and you’ll double your profits faster.

And I created this step-by-step training to show you how to do it right.

 

Trivia

Today’s Question: In 1914, which company offered the first charge card for consumers, which were precursors to the current day credit cards?

Previous Question: What principle states that “in a hierarchy every employee tends to rise to his level of incompetence?”

Answer: The Peter Principle.

Formulated by Dr. Laurence J. Peter in his 1968 book of the same name, the Peter Principle pertains to the level of competence of the human resources in a hierarchical organization. 

The principle explains the upward, downward, and lateral movement of personnel within a hierarchically organized system of ranks.

 

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