1. From idea to business
2. "Ideas are worthless";
3. The "lean startup"
4. Startup tips
5. Your assignment before attending the second meeting
5. Your assignment before attending the second meeting
Jun 11, 2012
https://www.forbes.com/sites/ilyapozin/2012/06/11/turning-an-idea-into-a-business/
Jun 11, 2012 - Take these 8 steps to turn your idea into a functioning business. Figure out what problem is being solved. Find your market. Find your support. Create a financial model and plan the first phase. Figure out your source of capital. Build the MVP. Find the pivot. Stay positive.
https://www.entrepreneur.com/article/225354
Jan 2, 2013 - To begin turning startup dream into a million-dollar business, consider the following advice. Settle on one business idea. If you're mulling a number of ideas, odds are good that none of them will see the light of the day. Validate your idea. Execute. Find a large market. 5. Make it a must-have, not a nice-to-have.
https://www.themuse.com/advice/8-ways-to-turn-your-business-idea-into-action
We got a few entrepreneurs to share their advice for your next steps.
https://blog.strategyzer.com/.../12-mistakes-to-avoid-when-turning-an-idea-into-a-busi...
Jun 25, 2015 - In this post, I share a list of mistakes you should avoid when turning an idea into a new business. I encourage you to share more examples in ...
https://www.thesimpledollar.com/how-to-turn-your-idea-into-a-business/
Dec 13, 2017 - What was the last great business idea you had? Do you remember it? What did you do with it? Did you write it down? If you're like most people, ...
https://articles.bplans.com/10-ways-to-turn-a-business-idea-into-a-reality/
Rating: 4 - 4 votes
Coming up with great ideas is easy. It's putting those ideas into action that's difficult. In order to turnyour dreams about the next best service or product into a ...
https://www.businessnewsdaily.com/8773-turn-your-idea-into-a-product.html
Feb 19, 2019 - Here's how to turn your next great idea into a prototype, and then, how to turn that prototype into a product and bring it to market.
https://www.bdc.ca/...business/...business/.../small-business-ideas-starting-own-business...
There's no doubt that successful businesses start with brilliant ideas. After all, in today's fiercely competitive environment, innovation is the ammunition ...
https://www.quicksprout.com/how-to-start-a-business/
Dec 11, 2018 - I'm going to assume you already have a business idea, and I'm not ... Put it all to paper, and the business plan will evolve into a useful tool and ...
https://www.inc.com/.../heres-how-entrepreneurs-turn-an-idea-into-an-income-stream-in...
Jan 29, 2018 - Business ideas don't make money by themselves. It takes an actionable process. Learn how to transform your business idea into a viable ...
https://www.inc.com/.../how-to-turn-an-idea-into-a-business-plan-in-2-simple-steps.html
Oct 16, 2018 - How do you turn a good idea into an actionable business plan? originally appeared on Quora: the place to gain and share knowledge, ...
https://www.lifehack.org/.../turn-your-idea-into-huge-business-the-richard-branson-w...
If you've been dreaming of becoming an entrepreneur for quite sometime, you probably have numerous ideas that can be turned into a business by now.
https://www.quora.com/How-do-I-turn-an-idea-into-a-startup
Jan 1, 2019 - Instead of giving you few rules on how to turn an idea into a startup like ..... Your idea will turn into a successful business and it will become real.
https://medium.com/.../how-to-turn-an-idea-into-a-startup-worthy-of-capital-e80c1e4f...
Feb 6, 2018 - How To Turn An Idea Into A Startup Worthy Of Capital ... The net promoter score for rental car companies has been as low as 11. This is an ...
https://www.udemy.com/start-your-startup-company-turn-your-idea-into-a-business/
A 2019 startup guide on turning your ideas into a real business! All the concepts entrepreneurs need to consider.
https://www.entrepreneurshipinabox.com/.../how-to-turn-your-big-idea-into-business-...
Many individuals have their own big ideas that can be transformed into business reality. But, still, they are only their own ideas, not something available for the ...
https://www.virgin.com/entrepreneur/focus-how-turn-idea-reality
How can you overcome the barriers, accelerate it and turn it into something that really works? There are .... How to turn a business idea into a money-spinner.
https://www.whataventure.com/blog/6-steps-business-idea-success-part1/
The beginning of every business idea is usually marked with super-excitement. You are convinced that your idea is the next big thing. And maybe it is, if you ...
https://www.youtube.com/watch?v=npGzfLjRk1E
Jan 20, 2017 - Uploaded by Entrepreneur Revolt
Don't let that awesome idea of yours go to waste, learn how to turn it into a business / product on my ...
https://businessadvice.co.uk/business.../business.../how-to-turn-a-product-idea-into-a-b...
Feb 26, 2018 - Grid Law founder David Walker helps budding entrepreneurs turn a product idea into a business with a definitive seven-step guide to protecting ...
Steps to transfrom your "idea" into an actual business.
You will often hear this from business-people to whom you tell your idea. What do they mean when they say this? Why do they say it?
Click here to start reading up on this topic, so that you can learn how to turn your idea into a business, ie how to transfrom yourself from "a person with an idea" to "an entrepreneur".
https://cofounderslab.com/discuss/how-much-is-an-idea-worth
January 24th, 2017. It is worth zero. A lot of ideas exist. Market adoption the generates real revenue is the only determination of value. Upvote|10. Downvote.
https://www.entrepreneur.com/article/236605
Aug 26, 2014 - Whether it's brainstorming a new company, a new product or a new service, most entrepreneurs love the idea-creation part of business more ...
https://www.entrepreneur.com/article/53164
Jul 1, 2002 - Most people put a lot of stock in their ideas, but the fact is, an idea by itself is worthnothing. ... An idea is just the start. It is the very early beginning of a product or service, and the ideastage is a long, long, long way from a successful business.
https://innovationmanagement.se/2015/12/03/the-true-value-of-your-ideas/
Dec 3, 2015 - The mantra of ideas being worthless can be heard from all corners of ... Rocket Internet has demonstrated that ideas are worth a lot because ...
Sep 16 - Sep 19
https://www.inc.com/karl-and-bill/why-your-idea-isnt-worth-anything.html
Aug 27, 2012 - We're not venture capitalists, but since our business involves partnering with companies to build and grow businesses, we end up in a lot of ...
Feb 9, 2018 - Ideas are worth nothing. ... So, how should we assign value to an idea? ... Many of them asking for feedback on their business idea and for guidance on which idea has the .... Hmm. I hear this a lot, “That ideas are worthless”.
https://www.quora.com/How-much-is-a-good-idea-worth
Jan 20, 2017 - Then the idea may be good, and worth a lot, but you have to be able to find the right 'customer' for the idea. If you had an idea for a new sensor ...
What is the worth or value of an idea for a startup? Is ...
9 answers
Nov 18, 2010
How much is a business idea worth, if the person wants ...
5 answers
Sep 26, 2015
How much is a really good startup idea actually worth?
2 answers
Mar 10, 2017
What makes an idea worth money?
6 answers
Aug 2, 2018
More results from www.quora.com
1000lifelessons.com/great-ideas-are-worth-nothing/
Mar 28, 2012 - Ideas Alone are Worth Nothing. Ever wonder what your ideas are worth? ... Execution grows the value of your idea A LOT. A REALLY, REALLY ...
https://www.innovationexcellence.com/blog/2015/.../are-all-your-ideas-worth-nothing...
Nov 26, 2015 - Rocket Internet has demonstrated that ideas are worth a lot because they take the good ideas and repeat them with another team and a simple ...
https://www.forbes.com/sites/joshsteimle/2013/09/01/why-great-ideas-are-worthless/
Sep 1, 2013 - An idea combined with successful execution can change the world. An idea by itself is worthless. ... They don't have time to implement your idea. And if your idea is so easy to implement that the only barrier to entry is competitors not knowing about the idea, then they don't want to invest in it.
Other rooms could cater to specific ideas or goals. You could have rooms for debates around hot topics, one for comedians to test new material, one where ...
https://www.reddit.com/r/startups/.../ideas_are_worthless_execution_is_everything/
Oct 11, 2014 - 31 posts - 28 authors
The "ideas are worthless" mantra is right most of the time, that's why it's repeatedly said. But it's not an absolute truth as many think it is.
Are Ideas Really Worthless? : startups
May 25, 2017
Ex WoW dev on why game ideas are worthless : gamedev
Mar 26, 2019
Business Ideas are Worthless : startups
Mar 20, 2018
Business Ideas Are Worthless: an Article Exploring the Worth of ...
Mar 24, 2018
More results from www.reddit.com
Ideas are worthless!! Execution is everything.
Positive Revolution
YouTube - Sep 16, 2017
IndieYourFace
YouTube - Dec 19, 2013
Great Screenwriting Ideas Are Worthless by UCLA Professor Richard ...
Film Courage
YouTube - Mar 8, 2015
Your Ideas are Worthless (without action)
WoodysGamertag
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KNKL SHOW 247: Your Ideas are WORTHLESS!
Kienan Lafferty
YouTube - Jul 24, 2015
Why Your "Great" Idea Is Worthless...
Minority Mindset
YouTube - May 31, 2017
Ex WoW dev explains - game ideas are worthless
Em-8ER Massive Planetary...
YouTube - Mar 26, 2019
twitter.com - Feb 12, 2019
KingNahh: Ideas are worthless until you get them out of your head
KING NAHH
www.youtube.com - Apr 7, 2018
Ideas are Worthless? Nate Earned $300000 in Passive Income From ...
Nick Loper
YouTube - Jul 8, 2015
https://www.startupvitamins.com/.../startup-poster-ideas-are-worthless-until-you-get-th...
What it means to us. Everything starts with an idea. But it sure as hell doesn't stop there. In the long run, the idea doesn't count, execution does. And no matter ...
https://medium.com/.../your-idea-is-worthless-this-is-what-matters-8f2ca6db8bf
Nov 13, 2018 - You may have a great idea, but that doesn't make you a successful entrepreneur. With the idea, you're about 1% of the way there — because a ...
https://flaviocopes.com/ideas-are-worthless/
Sep 20, 2018 - Do not be afraid to talk about your idea in public. I'll tell you a truth: your idea is worth nothing. What is worth a lot is how do you realize this idea ...
https://www.quora.com/Why-do-some-people-think-ideas-are-worthless
Mar 4, 2017 - He's wrong. Few people have great ideas. To have an innovative idea, it takes expertise and imagination. Both of these characteristics ...
If ideas are worthless and execution is everything ...
6 answers
Jan 16, 2014
Everyone says that ideas are useless. What is the best ...
3 answers
Aug 31, 2015
More results from www.quora.com
https://www.inc.com/karl-and-bill/why-most-ideas-are-worthless.html
May 30, 2012 - By focusing less on your next "big idea" and more on the actual execution, you'll have a better chance of building a successful new business.
https://www.theladders.com/career-advice/your-idea-is-worthless-this-is-what-matters
Dec 9, 2018 - Amazing execution can make an ok idea great. A great idea with poor execution will go nowhere. Here are some tips for doing that. You may ...
https://www.youtube.com/watch?v=28c6TCMfhQA
Sep 16, 2017 - Uploaded by Positive Revolution
People have ideas and don't know what to do about it. Just having ideas about making money won't make ...
https://www.producthunt.com/posts/ideas-are-worthless
Rating: 5 - 6 votes
Jul 24, 2018 - Everyone has startups ideas. Most are pretty worthless. Post post your startup idea and get honest feedback from other makers before you start ...
https://www.producthunt.com › Ideas Are Worthless
Discover alternatives, similar and related products to ideas are-worthless that everyone is talking about.
https://www.huffpost.com/entry/great-ideas-are-worthless_b_6118236
Nov 7, 2014 - Most people think a Great Idea -- a breakthrough discovery, a killer app -- will make them wealthy beyond their dreams. But successful ...
https://thesalesblog.com/2013/06/02/ideas-are-worthless-execution-is-priceless/
Ideas Are Worthless. Execution Is Priceless. June 2, 2013 by Anthony Iannarino. Some time ago I offered a program that I created to the people who receive my ...
https://boss.blogs.nytimes.com/2012/11/09/your-ideas-are-worthless-part-2/
Nov 9, 2012 - In a recent post, I wrote about my belief that ideas had no value and that it wasn't worth anyone's time to protect a business idea. It's a notion I ...
adil.io/entrepreneurship/ideas-are-worthless-execution-is-everything/
Jul 13, 2011 - The thing that always surprises me is that entrepreneurs are so protective of their ideas. They don't want to talk about them for fear that you'll ...
https://alifeofproductivity.com/ideas-are-worthless/
Apr 30, 2013 - About eight years ago, Derek Silvers (the founder of CDBaby) wrote about how ideas are worthless by themselves, and only become worth ...
https://www.bbc.com/news/av/business.../ideas-are-worthless-execution-matters
StockX founder Josh Luber says entrepreneurs just need to put "one foot in front of the other".
www.whiteboardmag.com/2-entirely-different-reasons-why-your-ideas-are-worthless/
The first being: that no one cares about your idea anyway. The other, that your idea is ACTUALLY worthless in the marketplace.
https://www.themastermindwithin.com/ideas-are-worthless-without-action/
Mar 12, 2018 - You have an idea? Great, now it's time to take action. Without action, you are wasting your mental energy and time. Ideas are worth nothing.
https://kinetixhr.com/blog/career-advice/ideas-are-worthless-without-execution/
Ideas Are Worthless Without Execution. by Elizabeth. November 3, 2017. Ideas Are Worthless Without Execution ...
https://www.databaselabs.io/blog/Startup-ideas-are-worthless-execution-is-everything
Mar 15, 2016 - Startup ideas are worthless. Execution is everything. Every day, someone posts on /r/startups about how they have a really great whiz-bang ...
https://www.robinsharma.com/article/ideas-are-worthless
Controversial title for my entry today? Perhaps. But I think it's true. I've heard so many gurus say that ideas are the currency of success and thinking drives the ...
https://quotefancy.com/.../Scott-Adams-Ideas-are-worthless-Execution-is-everything
Scott Adams Quote: “Ideas are worthless. Execution is everything.”
https://startupyard.com/ideas-worthless-glad/
Mar 9, 2018 - The concept of Idea Theft is dangerous for startups. Not because ideas can be stolen, but because ideas themselves are a dime a dozen.
johngreathouse.com/spilling-the-beans/
Ideas Are Worthless. What was the inherent value of Walt Disney's idea to draw an anthropomorphic rabbit? Zero. What was the inherent value of Walt Disney's ...
https://motiv-art.com/.../ideas-are-worthless-without-execution-monopoly-wall-art
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NEW Ideas are Worthless without Execution. Monopoly Wall Art By Motiv-Art. This Inspirational Canvas Wall Art will brings a new atmosphere Instantly. Perfect ...
https://www.mckeewallwork.com › Insights
Scott Adams, the acclaimed Dilbert cartoonist, recently said something that caught our attention. “Good ideas have no value,” he says, “because the world ...
larslofgren.com/marketingbasics/why-your-idea-is-worthless
Feb 28, 2012 - Many new entrepreneurs (and plenty of battle-hardened ones) believe that all they need is one brilliant idea. If they come up with the idea for ...
https://www.facebook.com/bemind.me/.../ideas-are-worthless.../10156199032129450/
Ideas are worthless, execution is everything. #ddd18.
https://marketingyourbusiness.com/podcast/ideas-are-worthless-without-this/
It's easy to think that ideas have tremendous value. Not true. If they don't have "this", they are worthless.
https://forum.yoyogames.com › Community › Off Topic
Mar 27, 2019 - [MEDIA] It's a short video thats really worth watching! The speaker (an industry veteran) articulates what I have thought about on many ...
https://dropeverything.com.au/post/ideas-are-worthless-without-execution-behind-them
Apr 8, 2016 - Building a business is not for the faint-hearted, however if you are serious about turning your idea into a reality, there are a few things you can ...
https://miscmagazine.com/ideas-are-worthless-its-where-you-take-them-that-counts/
Jul 31, 2015 - Innovation through entrepreneurship is a journey, one that usually starts with a big idea, inspired by insights, experience, and imagination.
https://digiday.com/podcast/ogilvy-tham-khai-meng-starting-out/
Jul 6, 2018 - Tham Khai Meng is Ogilvy's worldwide chief creative officer. He thinks 'Westworld' is right. What is the difference between fake and real ...
https://floridawriters.net › Blog › RPLA Showcase
Jun 17, 2019 - Ideas are never worth a million dollars. Ideas are practically worthless, in fact. That is, unless they are planted, well attended, and given life with ...
https://www.lockedownseo.com › Business and Entrepreneurship
Dec 8, 2014 - Ideas are worthless, executions is everything. Ideas are plentiful. Few are brought to reality. Validate your ideas by charging money.
https://www.entrepreneur.com/article/236605
Aug 26, 2014 - Get over holding onto your ideas and get out there and do something ... “you don't” and the reason is that your ideas are basically worthless.
https://nathanbarry.com/ideas-are-worthless/
Dec 12, 2009 - No. I don't want to help you build it, nor am I impressed with your new company, that you will never start. Why? It's simple: ideas are everywhere ...
https://www.trustegrity.com/blog/your-ideas-are-worthless-your-execution-gold
Mar 11, 2013 - "Action is the foundational key to success" Pablo Picasso. Not another great idea, please. The world is full of people with the next big idea, yet ...
https://www.thedailymba.com/2009/08/10/ideas-are-worthless/
Aug 10, 2009 - A spark of brilliance is worth something but not as much as building the idea. Sure, innovation is hard and having a great idea is the first step ...
https://partnersinexcellenceblog.com/your-ideas-are-worthless/
Nov 21, 2012 - Ideas, plans, and strategies only translate into value for our customers and us in execution. It's putting them into action, learning, adjusting, ...
https://hbr.org/2015/11/your-new-idea-is-worthless-unless-you-know-how-to-sell-it
Nov 26, 2015 - The talk in your organization focuses relentlessly on generating innovative, disruptive ideas. So why is it that when you throw out a creative ...
https://gonen.blog/an-idea-is-worthless/
Dec 9, 2016 - An idea is worthless without execution. I can come up with ideas all day. You can too. Anyone can. The idea does not really mean much, ...
chicago.ideasareworthless.com/
Ideas Are Worthless is a forum to connect, educate, and inspire every attendee towards execution. The conference will bring together diverse perspectives on ...
https://blog.refineri.co.uk/business-ideas-are-worthless-c7f73efadc84
Mar 20, 2018 - People are smart. Just put together three or four people in a room and tell them to come up with a business idea, in an hour or two at least a ...
https://mabusagency.com/tag/ideas-are-worthless/
Ready to Talk? How can we help your bank grow? Let us know, and one of our team members will reach out to you to learn more about your bank, your clients, ...
https://www.oreilly.com/library/view/do-more-faster/9780470929834/ch01.html
Chapter 1. Trust Me, Your Idea Is Worthless Tim Ferriss Tim is the best-selling author of The 4-Hour Workweek (New York: Random House, 2007) as well as an ...
https://cleverbeagle.com/blog/articles/the-value-is-in-the-execution-not-the-idea
Everybody thinks they're a genius, me included. When we get an idea—a real idea, one that we think has merit—it's easy to get affixed in.
https://alexraizman.com/2019/03/23/508/
Mar 23, 2019 - Now, I've said before that a good idea doesn't matter – that execution is everything. I mention this because I guarantee you as soon as I tell you ...
https://play.acast.com/s/.../162-your-ideas-are-worthless
He has a ton of experience... and he's really smart. But there's one thing about him that really worried me. He has a lot of “ideas.” And that makes me nervous.
https://forumserver.twoplustwo.com › Other Topics › Business, Finance, and Investing
Nov 30, 2011 - Every day we see threads here where people want advice but are afraid to talk about what they're doing. It's completely understandable for you ...
https://news.ycombinator.com/item?id=2377824
Mar 28, 2011 - Quoting Paul Graham "ideas are worthless" (ref: http://www.paulgraham.com/ideas.html). I would suggest cracking out a prototype and go from ...
https://graceombry.com/story-ideas/
Jan 27, 2017 - I hate to be the one to break it to you, but those story ideas you have for your upcoming, as-yet-unwritten novels? They're worthless. Nobody ...
www.thecupajoe.com/your-ideas-are-worthless/
“Ideas are a dime a dozen, people to execute them are invaluable” ... Back to the title of this blog: “Your Ideas Are Worthless“. OK, so maybe that's not entirely ...
https://www.amazon.com/Poster-Ideas-worthless-until-18x24/dp/B00HNQAK7W
Amazon.com: Poster "Ideas are worthless until you get them out of your head to see what they can do" 18x24 - Unframed 24x36 / B00HNQAK7W: Posters ...
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https://www.meetup.com/meetup-group-Hyderabad/
Ideas will not sell. You must sell yourself! 6. Why Lean & Six Sigma for Startups? 7. Lean Elements applicable to a Startup 8. Intro to the Business model canvas ...
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The Lean Startup | The Movement That Is Transforming How New ...
The Lean Startup - Wikipedia
https://en.wikipedia.org/wiki/The_Lean_Startup
Eric Ries: "The Lean Startup" | Talks at Google
Talks at Google YouTube - Apr 7, 2011
https://en.wikipedia.org/wiki/Lean_startup
Lean startup is a methodology for developing businesses and products, which aims to shorten product development cycles and rapidly discover if a proposed ...
Precursors · Lean manufacturing · Definitions · Definitions based on ...
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https://www.goodreads.com/.../show/10127019-the-lean-startup
Rating: 4.1 - 157,857 votes
The Lean Startup book. Read 2537 reviews from the world's largest community for readers. Most startups fail. But many of those failures are preventable....
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https://www.businessknowhow.com/startup/business-success.htm
The 10 Things You Must Do From Day One So Your Startup Thrives
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10 Startup Tips Learned the Hard Way - Entrepreneur
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Here's What I Learned From My Startup That I Wish I Knew before I ...https://medium.com/.../3-things-i-learned-about-startups......
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https://www.forbes.com/.../10-things-i-wish-i-knew.../
5 Things I wish I Knew When I Started My Business - Startup Stash
https://startupstash.com/starting-a-business/
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https://brightfund.co/.../4-things-i-wish-i-knew-when...
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https://thecusp.com.au/the-things-i-wish-i-knew.../3726
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https://www.thebalancesmb.com/small-business-startup...
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7 Devastating Startup Mistakes That You Don't Have to Make | Inc.com
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10 Deadly Startup Mistakes to Avoid - Entrepreneur
https://www.entrepreneur.com/article/270505.
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https://usabilityhour.com/startup-mistakes/
9 Most Common Mistakes Made by Startups - MSN.com
https://www.msn.com/.../...most-common.../ar-BBS6fHT
6 Common Mistakes Made By Startup Founders & How To Avoid Them https://magazine.startus.cc/6-common-mistakes-made.../
6 Secrets to Startup Success: How to Turn Your Entrepreneurial ...
https://www.amazon.com/Secrets-Startup.../dp/0814416063
Start-Up America: 6 Secrets To Startup Success - Forbes
https://www.forbes.com/.../start-up-america-6-secrets-of.../
6 Secrets to Startup Success
5 Actionable Secrets for Startup Success | AllBusiness.com
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The Secrets to a Successful Startup - Bloomberg
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Secrets to Startup Success - Entrepreneur
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The Secrets of Successful Startups – The Startup – Medium
1. Whichever idea it is that you want to explore, use your ingenuity and creativity to find the smallest narrowest possible application for which there is someone in the world who will pay for it. This is a VERY difficult task, and only those few people who are gifted in business are able to accomplish this type of goal.
2. One of the problems of ideas is that they only work if there are many people involved, for example a social network is not interesting until many people join and so it is difficult to get anyone to join when it is new and that is why almost all social networks have failed (there were and are hundreds or thousands) and only a few business-geniuses succeeded. The same with any C2C (customer to customer) business like Amazon, eBay, airBnB, Uber etc etc, if there are not enough people at first on it, no-one wants to be on it. And only the greatest business geniuses were able to solve this problem, and thousands of others failed and went bankrupt. And the same for any number of businesses which rely on there being many people as part of it.
3. Another problem is that some ideas depend too much on technology, and one must think of the simplest possible way to realize an idea without it, for example creating a beautiful complex website - which is expensive; people do that before they have paying clients and then they go out of business, so the challenge is to create a business without a website which is meant for specific customers who were approached individually and then when it grows develop a website,
4. A major problem is that people create products or services for which there are no paying customers, just that in their mind it seemed like it was a good idea but no-one else thinks so. To create a business one must solve real problems of actual people in ways that they would pay for it. The only way to know this is to approach the people you are thinking of as customers and ASK them what they need, what are their problems for which they would pay, how much would they pay, and only THEN do you know if it can be a business.
1. to narrow down your idea, using brilliance to make it absolute minimum;
2. use your genius to find something that can work even if there is one customer;
3. design a business that when very small doesn't need a website;
4. interview prospective customers.
At the meeting, you will make a presentation, and the mentors and your peers will help you hone the project, maybe 'pivoting ' it.
Your assignment after the meeting will be to find 5 paying customers, even if they only pay a small amount. You'll report on this aspect at the next meeting.
After doing all this, you will definitely have learned a lot that will be useful in creating a business.
Let's imagine an idea to create a worldwide chain of pizza which allows customers to individually choose the flavors for their slice, to design the shape of the slice, to input allergies etc to get appropriate choices, to let all your guests at a aprty make their choices online on the site and to have it all delivered.
Start with individually-designed slices of a few basic choices of shapes and unusual spices etc and make the pizza in your own home and give free samples to neighbors or passers-by, and eventually find out what people like, and then ask them whether they would buy a whole slice, how much they would pay for it, and then make a calculation whether it can be profitable. Without a store, without a website, without employees, without having a large amount of customers at first.
After doing all that, and having a small reliable customer base, 5 paying customers who really like your pizza and pay you for a slice every day, one looks for a location and starts giving free samples there and if there enough people passing who like it, it may be worth opening a store there. The next step is to calculate carefully the rent, the salaries, insurance, etc etc and see what profit there is. And then if the numbers work out, one creates a business plan and with a video of satisfied customers and a sample of the pizza one approaches investors, and they will be eager to listen, and to taste the special pizza.
After they are convinced that you really have 5 customers and the numbers work, you can say that eventually one can expand and become a chain etc. But one does not start by saying "I have an idea for a worldwide chain of pizza where the concept will be... and the special ingredients are ... and I am sure it will be very popular and make a lot of money". In contrast to the above example, n-oone will listen to that. One starts with 1-5 above.
This is the process one has to follow even for the grandest concept which will save the world. Business is like that. Unfortunately many people who are gifted at brilliant world-changing ideas are not gifted at doing the above. It is what business people do well, they don't have new ideas, but they know how to create businesses, and the geniuses among them become hugely successful.
Most brilliant idea people don't enjoy business and are not good at it, they are geniuses at ideas not business, and succesful business people rarely have their own idea, they are not good at coming up with ideas and won't pay anyone for an idea. he only thing they'll pay for is an actual business, a small one that works, makes a profit, that they can help grow to make huge profits.