How To Leverage Your Business Success By Freely `Borrowing` Ideas
Released on = June 5, 2007, 5:03 am
Press Release Author = Tax Saving Strategies
Industry = Financial
Press Release Summary = FreeTaxStrategies.com explains leveraging your competition
Press Release Body = In school we're told, "Keep your eyes on your own paper or you will be sent to Principal's office". That's because as school children they understood that borrowing test answers from others is considered cheating.
In the business world it's called a joint venture. Anyone who can't write a book themselves can work with a co-author or ghost writer. When someone likes to fix up houses but if they don't like then they can get a real estate agent or partner. If someone loves to cook but can't stand the administrative work of owning a restaurant then they can work with someone who does.
Joint Ventures make the world go round. Donald Trump uses them. Robert Kiyosaki uses them. "All successful business owners use them, and you should too. They are a way of teaming up and sharing talents and resources." said Drew Miles founder of FreeTaxStrategies.com
Another way to legally borrow resources is to create their own variation on the appropriate theme. In other words, their business idea doesn't have to be completely unique. Yet some unique aspect of it can turn it into a whole new business. For example, Dominos Pizza wasn't the first Pizza restaurant or even Pizza delivery service. Yet their promise "Fresh hot Pizza delivered in 30 minutes or less" distinguished them from the competition and made them millions of dollars in the process.
What unique touch can they add to an existing idea? Maybe it's a special ingredient in a recipe; or a way of improving an existing service or making it more convenient or faster. One of Drew's early clients had a great idea. He realized how inconvenient it can be for busy business people to deal with their dry cleaning needs. So, he started a business that picked up and delivered dry cleaning from the office complexes in the area. He didn't own the dry cleaning facility; he just owned the van that pickup up and delivered the clothes to the dry cleaner's customers.
Drew suggested that new entrepreneurs should start looking at existing businesses and put their imagination to work developing ideas that would improve or add to the products or services existing business offer. "Even if they ultimately take their business in a completely different direction, this process will tap into the right (creative) side of their brain and ideas will begin to flow" Said Drew.
Drew added, "Once you start training your mind to \"think outside the box\" and come up with new twists on \"old ideas, you\'ll find that it gets easier and easier." He explained the creative process "Here\'s one way to get creative juices flowing: Take out a piece of paper - yes paper, not a computer screen - and write the starter or \"seed\" idea in the center of the page.", He continued "This is the idea they are going to borrow - their launching point." Next, They should write down any word or idea that flashes into their mind., " Do NOT \"edit\" or evaluate at this stage. Just brainstorm and let the ideas flow freely. ", he added "They may find that it helps to talk out loud, because hearing and writing will spark even more brilliant ideas than just writing will."
When they have an \"AHA!\" moment or a gut feeling that they have found their unique twist, they should take action on it right away. Be sure to save that paper so they can implement other ideas as well.
About FreeTaxStrategies.com/Drew Miles:
Drew Miles at FreeTaxStrategies.com helps people to get the tax deductions that are legal but most of tax payers are not aware of that. He also has highly trained tax specialists who provide anyone with peace of mind regarding new opportunities for saving 10's of thousands of dollars on 2006 income, and will be able show anyone how to apply the same tax saving strategies to past and future income
Freetaxstrategies.com provides consulting services on tax deductions, tax deduction, tax savings strategies, tax deduction secrets, tax deduction savings, tax savings secrets, entity structuring, business entity structuring, tax deduction experts, income tax deductions, travel tax deduction, home office tax deduction, tax deductions, tax strategies, wealth building, wealth building strategies, wealth building secrets
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