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-   -   MORE brainstorming via faux case studies...or, what advice do you have for... (http://www.sowpub.com/forum/showthread.php?t=8071)

GordonJ April 19, 2012 03:55 PM

MORE brainstorming via faux case studies...or, what advice do you have for...
 
Dave.

Let's keep this place rockin with some FAKE case studies, OK.

What I mean is, here are the situations, and we'll share our advice.

All of these Fake Case Studies are based on real people and real situations...for the most part. Anyhow, you'll see as we do em.

Dave is 32, father of 2, about to lose his job. He has two months left at work, he'll receive 3 months severance and he has unemployment. Although he is not desperate, he doesn't want to wait around for something else to happen.

Dave wants to take a couple of months and look for his next thing, be it a job or whatever. He wants to find opportunity.

YOUR advice is appreciated.

Here are the steps I told Dave (the real guy) to take.

Please add on whatever you want.

I had Dave consider THREE things.

1) I wanted him to define his POSSIBILITIES
2) He needs to create and understand the RIGHT CONDITIONS
3) He needs to make the RIGHT CHOICES...then PLAN.

First thing, I had Dave go to 3 websites. www.entrepreneur.com
www.sbomag.com and http://www.positivemoneyideas.com/

His assignment was to spend ONE hour per day for the first week, after work when the kids went to bed...requiring him to do something and sacrifice some TV time... ONE hour per night going over these sites.

Dave was told to write down any idea which appealed to him...or anything he knew for certain he wouldn't do.

The object of this is to create a list of POSSIBILITIES...he was to use a map, a real map...and since he wasn't interested in moving, a map of his county would work. The map serves as a metaphor for possibilities.

He was to search all three sites, inside and out, and then create bookmarks to all the OTHER places these three may take him.

We spent 3 weeks on building lists of what is out there...what he can DO or what he can SELL, and what he might WANT to do.

NO limitations on this part of the brainstorming.

We discussed both the myth of doing what you love and not worrying about the money, to the accuracy of that concept too.

NEXT we talked about the CONDITIONS necessary to DO or to SELL whatever caught his eye...sometimes, this is a critical step overlooked and if ignored it could lead to wasted time and energy and immediate failure too.

What CONDITIONS are required for Dave to do __________________? If you have any ideas...

for example, he can't do photo shoots of any kind without a camera of some kind, so along with this goes...conditions and/or equipment.

What is needed for Dave to make a TRANSACTION, which I explain as an exchange of value, not necessarily money...but an exchange between two entities.

Then, after gathering all this INTELLIGENCE or due diligence, and THINKING about what is needed for what is on his list...

Comes the side by side pros and cons comparison of each possibility...and doing it this way, taking TIME to do a thorough search...which DESPERATE people don't ever have time for, even if their desperation is going on 3 years or more....hmmmm

Using a tool I developed, called the Binary Matrix, Dave was able to get a very good analysis of each opportunity...and create a LIST, which is now prioritized.

So, that is my initial ADVICE to Dave.

In the coming days, we'll look at people of different AGES, a 52 year old may be more interested in making money over starting a business.

Likewise, a broke 22 year at home in deep college debt will see things differently too.

YOU are invited to submit SITUATIONS and we'll brainstorm our way to help them.

EVEN those people, would normally go through my three part process to get them started. Amazingly,over the years, I've had too many people tell me that was too much work...and they were no longer interested in my advice.

OF course, Dave could IMMEDIATELY go out and sell some advertising or clean windows, etc.

But our Dave wants to invest his time NOW, to find a longer range strategy and make sure he doesn't get caught in a cycle of always having to be hitting the streets and selling things...that gets tiring, although useful for raising some cash which he doesn't yet need.

OK, those were MY first steps, my first ADVICE.

Whatch ya got?

GordonJ

Phil April 20, 2012 09:53 AM

Re: MORE brainstorming via faux case studies...or, what advice do you have for...
 
Gordon,

Quick food for Thought for Dave once and Only once He Passes the GJA Entrance Exams... :)

Dig Deep into the News and Media based on the Decided Chosen Expertise route and Passage...

Whether the Specialize, Specialty... Passion or Whatever the Selected interest of Expertise Needs to be ''Focused'' on To Be the Absolute Most Knowledgeable Entrepreneurial Mind on the Said Topic or Subject decided on...

Once Dave's Ready? ...

Have Dave Re-Engineer the Following in Reverse Based on those Expectations...

Starting with 6...

6. Learn about the latest business trends. Whether you follow the stock market or routinely read the finance section of your favorite newspaper, it's important to stay attuned to what's new in the business sector. Blake Morar, owner of Destin Real Estate Company in Santa Rosa Beach, Fla., says staying up-to-date on business news is crucial in his field."In a lot of cases, people look at facts and figures at a glance," he says. "Their recommendations for buyers and sellers are based more on emotion than it is the reality of things." Morar says this is a mistake, especially for real estate agents, since a large part of their job involves evaluating markets. He encourages prospective agents to "become a student of the business," learning all they can about the process prior to jumping in with both feet... ;)

6 Booming Business Jobs - US News and World Report
money.usnews.com Money Careers
23 hours ago Learn about the latest business trends. Whether you follow the stock market or routinely read the finance section of your favorite newspaper, it's important to stay attuned to what's new ... Morar says this is a mistake, especially for real estate agents, since a large part of their job involves evaluating markets...
http://money.usnews.com/money/career...ss-jobs?page=2

NEXT! ...

All the Best...

Phil

Bozo April 20, 2012 10:26 PM

Long term business trends
 
Quote:

Originally Posted by Phil (Post 30641)
6. Learn about the latest business trends. Whether you follow the stock market or routinely read the finance section of your favorite newspaper, it's important to stay attuned to what's new in the business sector.


On the radio today, they were talking about the BP oil spill in the Gulf of Mexico. They said that due to the downturn in the oil business during the early 80's, when the price fell to $10 per barrel, new people were not coming into the business, and many experienced people lost their jobs and had to go into something else.

The consequence was that at the time of the spill, not a single hand on the rig had more than six months of experience. The implication was that a crew with years of experience would not have let the accident happen.

My industry, aerial application of farm chemicals, has had a similar trend. Also in the early 80's, improved airplanes came out that were capable of performing much more work than earlier models. The result was that fewer pilots could do more work than in earlier years. Along with that 'improvement' came different chemicals that further reduced the need for pilots.

In cotton, for example, in the olden days, once the spraying started one could count on ten applications per field. Horribly toxic chemicals were used that killed not only the pest, but all the beneficial insects as well, meaning that the killing had to continue on a regular basis as new generations hatched out.

Introduction of the the new ovicides reduced spraying to only one application during bug season, followed by one application of defoliant at the end of the season.

Those two things combined to greatly reduce the need for pilots. The result is that now all the (surviving) pilots are old and retiring, and there are very few coming along to replace them. The few replacements are critically under trained, and of course lack experience as well, leading to stupid accidents like this one.

Those are both results of events thirty years prior. Kind of makes one wonder what is happening today that will have profound effects on business in the next thirty years?

Phil April 21, 2012 03:38 AM

Re: Long term business trends
 
As per the Various Suggestions so Far with the misc. TidBits and Ideas...

Information Creation into "Endless" possibilities...

Product ideas, HardGoods, SoftGoods, Software, Apps, Digital ideas, News/Social Media(s), Web Development, Specialized business models, Concepts, Advertising related, Domaining etc. etc...

''Throwing'' out Stuff to Help Keep everyone ''Thinking'' while Keeping their Good ol' Brain & blood Flowing just enough... :D

Information Overload is Another {Booming} Hot Trend right Now! ...

Apply the Same as Per...

6. Learn about the latest business trends. Whether you follow the stock market or routinely read the finance section of your favorite newspaper, it's important to stay attuned to what's new in the business sector...

Into All Kinds of Fresh... Up-And-Coming New ideas...

Amazing ''Opportunities'' for Those who can [Truly See] into The Future Today!

Due to their Knowledge, Expertise and History... Geography Helps Too in Many Cases! ...

''Quickly'' Grabbed... Just A Few of your Words/Comments...

Of Course... Everyone Views! ... Understands ''Brainstorming'' in their Own World in Totally Different ways...

Just Keep A Very Open Mind towards Opportunities on A Daily Bases as One..

Just Never Knows... At where Tomorrow's... Trends... Ideas & Watching...

Can Lead sometimes...

Remember...

Information Overload is Another {Booming} Hot Trend right Now! ... ;)

Aerial application of Farm chemicals...
http://www.google.com/search?hl=en&g...6b5dba4e58f4ab

All the Best...

Phil


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