Urgent and Intentional Experimentation in Executing Your Business Ideas

Photo by Felipe Furtado on Unsplash

Why You Should become Urgently Intentionally Experimental in Executing Your Business Ideas

I was listening to a Solopreneur Hour podcast episode (#757) yesterday (4 Feb 19, the date of writing this post) and heard the guest explain one difference between Millionaires and those who are not. Paraphrasing she stated that Millionaires operate at a different pace in implementing their ideas into action. Their speed of implementation, for them, is key in getting to a point where they start to see results (data) and from those results can begin to tweak their idea or concept in a way to either generate the results they envisioned or discard the idea. I really thought about that and realized on several occasions, these past two and a half years of my journey, I operated in the exact opposite manner. I am not a Millionaire and perhaps one key reason is tied up in my speed at executing ideas so that I can get to data and feedback and move forward, tweak or discard. I think perhaps my ‘ego’ is tied up in the idea and that there is a ‘fear’ associated with even obtaining the results. Perhaps this exists a bit in all of us sub Millionaires who are constantly looking for the ‘magic’ bullet to financial success. And maybe the real fear is that if we implement the ideas and they don’t work then we may run out of ideas altogether and be left in the same or worse financial position than when we started.

😊 So yeah this post is off to a bummer of a start. But every now and then we need to self-examine and share to help ourselves and our own mindset and thru the exchange help one another.

Examples of a Lack of Sense of Urgency

A quick run through of situations that I did not urgently intentionally and experimentally pursue implementation or full implementation of a business idea:

• In 2017 I had ideas for four different (additional) website builds; I pursued two; half a$$’d the third and let the fourth die on the vine;
• Of the two I pursued, they were/are directory sites. My action for 2018 was to add content to the sites each week such that by the end of the year the sites were fully populated for each applicable state
  • It’s 2019 and I am at a 10% completion rate on data population
  • Here’s the kicker after I stopped data input on the sites, one of them popped in traffic and Google Adsense generation (yes, it is a success) and where am I today…about 15% of the way thru data population. Take away, I’m afraid of success where evidence is present that it exists…
• Full chase of Sponsored Post Opportunities. Hey, folks, one great thing about trying to identify content to Pin to my Pinterest Board is the amazing ideas and information that Pinners share. I found two great Pins on sites that offer Sponsored Post affiliations. They probably had a total of 10 different Sponsored Post networks listed between the two. To date, I have signed up with just two of the ten.
• Full execution of Pinterest Affiliate Posts. As late as October 2018, my self-stated goal was to generate two Pinterest Affiliate Posts per month in an area of interested tied to boards on my Pinterest profile. To date, I’ve executed three posts out of ten anticipated opportunities.
• Systematic lockdown of strategy for my first and main site that generates most of my traffic. I do put time into it but it’s still a little haphazard and I know I am not anticipating nor taking full advantage of every opportunity that exists for promoting content. And I did say this is the site that generates most of my traffic, so it’s another success.
• Implementing theme changes for my sites for better performance for me (when updating the site) and for user experience. This was a 2018 activity that’s still outstanding.
• Not executing tax certificate investment (purely fear here). And get this folks a house literally across the street has just traded ownership because the tax lien purchaser was able to execute the rights to possess the house because the homeowner could not or did not pay the periodic fees (effectively a loan) to the tax lien holder. Putting aside any moral judgments this was supposed to be an element of my business when I got started and out of fear, I completely left it alone.
• No Options trading in two years. Why because my first trade failed. It failed because in spite of the research executed and ‘precautions’ set up in a trade it still can go south. The key is to set up automatic mechanisms to get out of the trade when the result you expect doesn’t occur. That is limit your losses. I violated this tenant so I consciously know what went wrong and I still have not executed a second trade.

You get the picture. What’s funny is the whole point of my site is to share ideas that break mindset inertia to financial independence.

Photo by Andre Mouton on Unsplash

Sometimes you just have to take a hard look in the mirror.

Ok, so I’ve bullied myself enough and have a list of actions (ideas) that I can still urgently intentionally implement experimentally. Hopefully, this post strikes a nerve with you. As I was writing the sketches of ideas for the post I noticed a quote in the notebook I was using. It’s by Thomas Edison, he either said it or wrote it:

I have not failed, I have found ten thousand ways that won’t work

If you are already of a Millionaire mindset I applaud you and urge you to continue by way of counterpoint. If you are somewhere in the middle then use my examples as a warning to refocus and improve your rate of intentional experimentation. If you are mired as I appear to be, then we need to talk…no just kidding. Actually, I encourage you to check out Michael Oneal’s podcast and specifically episode 757. His guest on the episode was Jamie Masters (link to the site), of the Eventual Millionaire podcast. I am not yet subscribed to her podcast but will be adding her to the list. And my task for myself is to pick the two successes on my list and urgently intentionally start experiments with my ideas to facilitate greater success but more importantly that critical feedback on tweaks and changes to improve.