10 Tips for Anyone with a Crazy Business Idea

This episode of "Get Over Your Shit," unpacks practical advice for digital course creators, entrepreneurs, and small business owners, offering a roadmap to harness the power of outlandish ideas. It stresses the importance of validating concepts, understanding the core motivation behind business pursuits, and the necessity of adaptability and feedback. Terms like "minimal viable product," "networking," and "business plan development" are pivotal throughout, providing a clear guide for bringing novel ideas to life. Malinda is adamant that courage and action are critical, championing the idea that your voice and perspective have inherent value.

Key Takeaways:

• Embrace Uniqueness: Lean into what makes your business idea distinct, using its novelty as a strength.
• Validate and Plan: Confirm your idea's viability with an MVP and construct a simple yet effective business plan.
• Seek Feedback: Maintain open channels for constructive criticism to refine and improve your concept.
• Build a Network: Connect with mentors, collaborators, and customers who can aid in your business journey.
• Stay Flexible: Be prepared to adapt your idea while staying true to your core vision.

"Take the first step, embrace the crazy, and get over your shit."

Additional Links & Resources:

• Stop letting content keep you stuck—jumpstart your website planning with clarity and confidence! Get your content organized in just a few hours: https://malindawatt.com/planner
• Try Siteground, my favorite website hosting company: Siteground.com
• Learn more about me and my work at malindawatt.com

Thank you for tuning in to this episode of Get Over Your Sh!t! If you enjoyed this episode, be sure to follow the podcast and leave a rating or review. Share this with someone who needs a push to start taking action—because we’re all about moving forward together!

Hosted by Malinda Watt
Edited by Chris @ Wider View Studios
Music License purchased from stockmusic.com

Transcript

0:00:00 - (Malinda Watt): Hello and welcome to get over your Shit, the podcast dedicated to helping digital course creators, entrepreneurs and small business owners stop overthinking and start executing. I'm Melinda Watt, your host and fellow overthinker, here to guide you through the maze of self doubt and procrastination that keeps us from reaching our full potential. Today, we're talking about something that every entrepreneur, dreamer and visionary has faced faced at some point.

0:00:27 - (Malinda Watt): The crazy business idea. You know the one? The idea that seems so wild, so unconventional that people can't help but raise an eyebrow when they hear it. But here's the thing. It doesn't have to be a groundbreaking innovation like Spanx or Airbnb. Sometimes the crazy part isn't the idea itself, but the courage it takes to put yourself out there. Maybe it's creating a product based on your expertise or experiences, sharing a perspective that only you can offer.

0:01:00 - (Malinda Watt): That's its own kind of crazy and in the best way possible. In this episode, I'm sharing 10 essential tips for anyone with a crazy business idea. Whether it's to help refine it, bring it to life, or prove the skeptics wrong. Let's dive in. Here are 10 tips for anyone with a crazy business idea. 1. Embrace the crazy. First things first. Own it. Crazy ideas stand out for a reason, whether it's bold, personal or deeply unconventional.

0:01:31 - (Malinda Watt): Lean into what makes your idea unique and use it as a strength. 2. Validate the idea. Before you invest too much time or money. Test your idea, whether it's a brand new concept or a twist on your personal expertise. Talk to potential customers. Create a simple prototype or service outline to gauge interest and 3. Know your why. Why does this idea matter to you? Maybe it solves a problem you've experienced firsthand. Maybe it's something you're passionate about because it reflects your story.

0:02:04 - (Malinda Watt): A strong why will anchor you when challenges arise. 4. Start small. You don't need to launch with a splashy debut. Start with the minimal viable Product mvp, the simplest, most basic version of your idea. Think of it as a beta test for your vision. 5. Seek honest feedback. Be bold enough to ask for input and brave enough to listen. Feedback can highlight blind spots and strengthen your idea. Focus on people who will challenge you constructively, not just cheer you on.

0:02:43 - (Malinda Watt): 6. Build a business plan. Even personal expertise based ideas need structure. A plan doesn't have to be fancy, but it should outline your goals, target audience, revenue model and strategy. Think of it as your roadmap. 7. Be ready for rejection. Not everyone will understand your idea right away. If especially if it's unconventional or deeply personal. Rejection isn't a dead end, it's feedback. Use it to refine and improve.

0:03:17 - (Malinda Watt): 8. Network like crazy. This is where you find your people, mentors, collaborators, customers. Share your vision, ask questions and learn from others. Expertise, relationships often make or break a business. 9. Stay flexible. Sometimes your idea will evolve in unexpected ways. That's okay. Be open to adapting your approach while staying true to your core vision. 10. Take action every day. Progress is about consistency, even small steps. Sending an email, sketching an idea, writing a blog post can compound over time and lead to big results.

0:04:00 - (Malinda Watt): The crazy might be you. Here's a perspective that might shift how you see crazy what if the wildest part of your business idea isn't the idea itself, but you putting yourself out there? Think about it. What if your crazy idea is starting a coaching business because you've learned lessons that others need? What if your crazy idea is turning your years of experience into a product, horse or book? What if your crazy idea is believing that your voice and perspective have value and building a business around that?

0:04:35 - (Malinda Watt): The world doesn't just need the next big tech innovation. It needs people brave enough to step up, share their stories, and solve problems from their unique lens. When you're pursuing a crazy idea, timing is critical, but so is confidence. A great idea ahead of its time can be challenging to market, but it's worth the patience to educate your audience and build awareness. Meanwhile, confidence in your unique perspective can set you apart, even if others don't get it at first.

0:05:11 - (Malinda Watt): If you've got a friend who's considering a crazy business idea, here's how you can be their biggest supporter. Listen without judgment. Be the sounding board they need. Offer constructive feedback. Don't just say that's great. Help them see opportunities for growth. Celebrate their wins big and small. Starting is the hardest part, so cheer them on when they take those first steps. And there you have it. 10 tips for anyone with a Crazy Business Idea Remember, whether your idea is wild, personal, or deeply unconventional, the difference between dreaming and succeeding is action.

0:05:48 - (Malinda Watt): Every entrepreneur starts somewhere. Take the first step, embrace the crazy and get over your shit. Thank you for tuning in to this episode of get over your Shit. If you found this helpful, be sure to subscribe. Share this episode with a fellow overthinker and leave a review. Your feedback helps the podcast grow and reach more people who need to hear this message. Until next time, remember, progress over perfection.

0:06:13 - (Malinda Watt): You've got this.