The next big thing
Posted on October 30, 2006 - Filed Under Philosophy |
"Dude, I’m in. I want 50% of the profits and 50% of the decision making authority. Your idea for this new website is going to be big!"
That was my good friend, let’s call him NewYork, on the phone the other night.
I am surrounded by people who love to start businesses. Conversations revolve around what the next great "big thing" will be. We also discuss how many millions we’ll make.
This should sound familiar to anyone who has dabbled in web-design or programming.
A few weeks back, NewYork and I were chatting. One of the topics I had was an idea for a new money-making, sure fire website. If those clowns from google.com, myspace.com, digg.com or even youtube.com could do it, why couldn’t I? After all I am better looking.
Some guy at the coffee shop found my video.
Immediately he asked me to produce this television pilot he’s putting
together. Of course this pilot is going to be the next big hit. I
declined his offer.
Here is the situation: I don’t have time for boondoggles. If I were to start a project then I would have to throw my heart and soul into it. So the choice was simple: keep on real-estating or build the next million dollar website.
The decision was made. Keep on real-estating.
I’ve learned that focus is key if you want something bad enough. Real Estate is working very well for me. That’s where I’m focusing my time. When starting out, it behooves you to protect your time. Time is your most valuable asset. It’s not to be wasted.
With that being said, I’m depriving the world of the next big thing.
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Comments
7 Responses to “The next big thing”
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Cliff
Since you’re not pursuing the web site idea, would you mind letting us know what it is?
I noticed NY didn’t mention anything about coming up with 50% of the idea or 50% of the time!
Business ideas are easy to come by. Making them work is quite another!
“Next Big Thing” is like lottery winners. You never hear about how many attempts were made before the big pay out.
Good point. I feel like that all the time and it’s soooo hard to focus! But I’m getting better at it
Bruce, I tried to contact NewYork this morning. He was talking yesterday that he was still going to pursue the idea. If he’s changed his mind, I’ll let out the details.
Mikki, usually what happens is I put in 90% of the effort trying to clean up other people’s messes. Nothing really gets done.
BM, that’s the power of saying “No”. Before I always felt some obligation. Now I’ve accepted that my time is just as precious as theirs so I can say “No” if I want to. After all, life goes on.
I know that I am all over the place with my thoughts and ideas. I actually think opposite, I think small at first and then how to scale it.
Ken, I love this idea creation process. It’s cool to let the brain wander. I just wish I had more time to act on some of these ideas.
Bruce, I’m sorry but my friend wants to run with the idea. Out of respect for him, I won’t divulge the idea.
Stumbled upon this ego searching. Sounds like a lot of conversations we’ve had, especially “I noticed NY didn’t mention anything about coming up with 50% of the idea or 50% of the time!
Business ideas are easy to come by. Making them work is quite another!. “.