Entrepreneurial Innovation For Solopreneurs

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The health of your business requires a constant infusion of new ideas and innovation. Market trends, competition, and technology challenge you to look at your business in new ways to stay ahead of the competition, but the answers to solve those challenges don’t rush to mind. As a solopreneur, you don\\’t have a team to rely upon to brainstorm for these new ideas…and not every idea is the right one for your business. If you want your business to survive and thrive, you must learn the secrets to generating sound ideas for your firm.

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Foundational Principle ,[object Object],Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com

Common-Sense Decision Making Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com The one question to ask before pursuing an idea is?

Decision Making and Financial Formula ( work + time + money ) x probability = spirit-enhancing results Work = 1 (worth doing) or 0 (no value to the company) Time = 1 (can be done in a timely manner) or 0 (time-prohibitive) Money = 1 (not cost prohibitive) or 0 (cost prohibitive) Probability = 1 (a deal is in place), .5 (may or may not happen), 0 (will not happen) If spirit-enhancing result = 3, pursue If spirit-enhancing result = 1.5, consider pursuit If spirit-enhancing result = any other value, do not pursue Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com + + x = ( )

Listen for Your Winning Inner Voice Be around it to gain perspective Don’t discredit yourself Raise the bar with an amazing idea All it takes is one idea

Analyze Any Business Idea ROI Return On Involvement Return On Image Return On Imagination Return On Intensity Return On Intelligence Return On Influence Return On Investment Sales and Business Development Client Modular Approach Client Modular Approach Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com Sell The Idea to Garner Community Support and Find Potential Financial Backers

Relationship Between Mood and Subconscious Winning Mental Pyramid Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com Mindset Attitude Relationship Between Motivation and Inspiration

Destroy Your Self-Defeating Voice ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com

Chat Question and Answer Raj Gavurla 404.918.7366 [email_address] www.rajgavurla.com Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com

Action Items Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com ,[object Object],[object Object],[object Object],[object Object],[object Object]

Summary ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com

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Entrepreneurial Innovation For Solopreneurs

1. Entrepreneurial Innovation for Solopreneurs Generate Sound Business Ideas When You Work Alone Presenter: Raj Gavurla August 26, 2009 (11:30 am – 12:30 pm EST) Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com

4. Decision Making and Financial Formula ( work + time + money ) x probability = spirit-enhancing results Work = 1 (worth doing) or 0 (no value to the company) Time = 1 (can be done in a timely manner) or 0 (time-prohibitive) Money = 1 (not cost prohibitive) or 0 (cost prohibitive) Probability = 1 (a deal is in place), .5 (may or may not happen), 0 (will not happen) If spirit-enhancing result = 3, pursue If spirit-enhancing result = 1.5, consider pursuit If spirit-enhancing result = any other value, do not pursue Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com + + x = ( )

5. Listen for Your Winning Inner Voice Be around it to gain perspective Don’t discredit yourself Raise the bar with an amazing idea All it takes is one idea

6. Analyze Any Business Idea ROI Return On Involvement Return On Image Return On Imagination Return On Intensity Return On Intelligence Return On Influence Return On Investment Sales and Business Development Client Modular Approach Client Modular Approach Copyright 2009 LiiiVEN, Inc., www.rajgavurla.com Sell The Idea to Garner Community Support and Find Potential Financial Backers

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Entrepreneurial Innovation For Solopreneurs

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