I have tremendous amounts of new ideas for big companies....how can I reach these companies without having people on Linkedin copy them through my portfolio?
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Anthony S.
Micropropagation Lab Manager & Web Application Developer
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Something I read once bears repeating, though I wish I could remember where I read it.
Ideas are nearly worthless. Ideas are a dime a dozen. Execution is where the value is made.
It doesn't matter if you have the greatest ideas in the world if you can't execute them. The article had a nice chart something like:
*IDEA*
Bad idea = $-1
Ok idea = $1
Good idea = $10
Great idea = $100
Best idea = $1000
*EXECUTION*
Bad execution = $-1
Ok execution =$1
Good execution =$10
Great execution =$100
Best execution =$1000
The value of your idea is the IDEA x EXECUTION. A real million dollar idea must have both the concept and the follow through to be successful. If you seriously want to market these ideas to large corporations, you'll have to show significant diligence in researching market values, competition, time lines, and above all, how you will take their money and turn it into more money.
As shown above, the best idea with bad execution will cost the company money. You have to clearly show that you've considered all the risks and how soon they can expect to see a return. Just the other day I asked for some new equipment for work and my boss said, "Only if you can show me a good ROI." Because I feel the cost is worth it, I'm taking the time to put my reasoning into words and showing that by purchasing X (be it supplies, equipment, people or ideas) you can expect a measurable return in Y (be it money, new sales, or time savings)
Nobody can afford to throw away money right now. Show a savings, or show how it will increase revenue and that will be a good start. Learn how to 'pitch' your ideas quickly and how to respond to unfriendly questions. The people who will be judging (and paying for) your ideas didn't become successful without asking lots of questions and having good financial/business sense.
Best of luck, I hope success comes quick and that I'll read about you in the next issue of Forbes!
Alison M.
Advisory Board Member at EMA-I
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Umair,
My suggestion is a little different. It is partly a prescription for continuing to come up with the bright ideas.
First, record all your bright ideas and revisit from time to time to refine them.
Then, target a few companies who would benefit from one or more ideas and who you believe could execute it well (as Anthony indicates, even an OK idea executed well will make money). Get to know as much about them as you can and help them implement your idea(s).
Finally, with the company you've help become even more successful, publicise the success of the implementation and a bit about the gist of the main tenant to establish your reputation.
Remember to always try to capture the essence of an idea - you might only get a few minutes a month to focus on this essential task, so make the most of them.
You're never too young or too old to come up with a brilliant insight on how to improve things - it's engaging the collective responsibility to make it happen which supplies the "umph" to making an idea a reality.
Best of luck in your endeavours.
Alison
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Dave M.
Professional trade show booth traffic builder and party entertainer. Corporate and private sector events.
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Call the companies directly. Why post them here if you are afraid of someone stealing them...
Michael L.
consultant, project manager, inventor, programmer at Lyubomirskiy Consulting, lyubomirskiy@gmail
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so you thought that being an inventor was about having ideas? That too, but a lot of it has to do specifically with being able to answer the very question that you have just asked. So, INVENT a solution here :)
I know that what I say above is not very nice and it is not very "rational" / "just" as far as our general notions of these concepts go. But nevertheless it's true and there is no escaping it. You are basically on your own. So use your intellectual ability to prevail or fail trying :)
