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Nowadays, people, especially venture capitalists, sit down and judge people’s idea pitches based on the possibility of them becoming a tangible valuable service or product. If the idea is possible, they are likely to invest in those ideas. But if it is not, they would throw it into the trash can. In this article, I write how you can turn your idea into success.
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Write Down The IdeaÂ
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Your Idea Is Not Yours Alone
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This is why you must pitch your ideas to your partners, your network, potential clients, and what-have-you, to get feedback. Although some feedback might be demoralizing, you need to detect between constructive criticism and destructive criticism. Therefore, you must detach yourself from your idea to appreciate criticisms. This is why you expose your ideas to as many critiques as possible because you can learn a thing or two, which you can implement in making your idea more solid. Some criticism can indeed be painful, but you must focus on the vision rather than the idea itself.Â
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Simplify The ComplexÂ
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For example, you can pitch an idea of distributing bottled water to an area where there is no such provision. Define the area you want to serve and the number of people you want to serve and the potential profit, and the ability to repeat the successful process.Â
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Think Big
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Take Baby StepsÂ
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Fail Fast
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