How to Cash In on New Ideas

How to Cash In on New IdeasGenerally speaking, two things have to happen for a person to successfully make use of a new idea.

First, a person needs to clearly recognize the potential benefits. Believe it or not, this ability is not that common. There is something innate or instinctive about this skill. Ten people can look at the same thing and often only one or two of those will see the potential.

The second thing is that you have to immediately take action.  When you are first exposed to a fresh idea, you may become excited and inspired. With the passage of time, it is natural for the memory to dim. The level of excitement will naturally also diminish. The downside of this is that emotion and excitement is what pulls the trigger and sets us into action.

A person needs to jump on a good idea while they are still inspired; otherwise, it will slip through his fingers with the passage of time.

Excerpted from Success For Your Children, page 16.

In Success for Your Children: Practical Wisdom for Raising Great Kids in Challenging Times, the author shows how parents need to step up and take charge immediately. The process starts the day the first baby comes home from the hospital. This is the hundred-yard dash of parenting. The first three years are crunch time. After seven years, it may be too late.