I coach entrepreneurs all the time on creating a game plan for the future. A few months back, I worked with an inventor that had a billion dollar idea…but it was just an idea. How do you take an idea and turn it into a billion dollar company? Today’s Q&A Series video dives into this question.
Focus on what you have to do today!
Sometimes we get so focused on the future that we lose sight of the here and now. It’s great to be excited about the potential of a project or new company, but determine the major gates so you can create a process to move forward. Major gates are absolutes and they must be passed before you take the next step, like:
- What does product development look like?
- Does my business plan make sense?
- Does anyone want my product?
- Do I have the resources needed to scale this product?
Whether you’re building the next billion dollar company or working on a new project, determining the major gates will keep you focused and on track.