By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Wealth Beat NewsWealth Beat News
  • Home
  • News
  • Finance
  • Investing
  • Banks
  • Mortgage
  • Loans
  • Credit Cards
  • Small Business
  • Dept Management
Notification Show More
Aa
Wealth Beat NewsWealth Beat News
Aa
  • News
  • Finance
  • Investing
  • Banks
  • Mortgage
  • Loans
  • Credit Cards
  • Small Business
  • Dept Management
Follow US
Wealth Beat News > Small Business > Turning Your Ideas Into A Successful Business
Small Business

Turning Your Ideas Into A Successful Business

News
Last updated: 2023/09/09 at 4:43 AM
By News
Share
7 Min Read
SHARE

Jared Yellin, Founder of Project 10K, Launching 10,000 Tech Companies.

Contents
Discovering The Genius Of The “Napkin Plan”Lessons For The Creative ProcessGoing Beyond The Idea To The Next Big Venture

The iconic saying that many great businesses started on a napkin doesn’t come from out of thin air—it’s a real-life phenomenon that has its basis in truth. The success stories of those once ink-stained napkins range from restaurants to tech startups. A note, hastily scribbled in a cafe or restaurant by excited founders, serves as a lifeline for ambitious entrepreneurs in the making.

From the invention of Ethernet to companies like Southwest Airlines and product ideas from employees at Cisco and IBM, Facebook and more—some of the most successful businesses, products and technologies we know today started with ideas written on cocktail or dinner napkins.

As the founder of a company that helps launch tech companies, I’ve noticed napkins are even a powerful trend in the startup world. Today, many tech startups begin with entrepreneurs scribbling their business plans and funding pitches on a single napkin. Countless products, services and businesses have been born this way over the years.

Discovering The Genius Of The “Napkin Plan”

Every great business began with a spark, and sometimes that spark came in the form of a napkin. A napkin is small, personal and accessible. It serves as a low-cost concept board—a way to jot down notes and change ideas as needed. It is also a tangible reminder of the entrepreneurial spirit and ambition of the founder—something to take pride in.

Startup culture has enabled entrepreneurs to launch a business from the comfort of their own homes, armed with little more than a laptop and a napkin concept. Nevertheless, for those looking to take their business model to the next level, a napkin concept can be important as well. But why is it important?

Lessons For The Creative Process

No doubt, napkin scribbles have launched many great businesses and products into the world. Yet, with all the success that has come from such a simple act, many still overlook this powerful tool in the creative process. Here are some lessons we can take from the success of the napkin concept.

1. Capture your ideas in real time, and be creative. Starting on a napkin forces you to be creative in a simple and cost-effective way. I think it’s the perfect starting point for any would-be entrepreneur.

2. Writing your idea down is an essential first step in creating a blueprint for success. The act of writing your ideas on something that’s disposable gives you the freedom to explore ideas without feeling like you have to stick to them in the long run, which can make ideation more freeing.

3. Starting small is one of the best ways to stay organized and bring order to chaos. Starting on a napkin is a great way to develop your idea without going too deep. It’s an easy and stress-free way to explore your thoughts without having to commit financially or build infrastructure.

4. A tangible representation of a plan can help to motivate and easily imagine a greater reality. In working with entrepreneurs, I’ve found that having a graphical representation of the idea is often enough to spark self-belief and build up the determination to bring the vision to life.

5. Jotting down the key details of a business in a small space helps to establish the objectives. Looking back on the napkin offers entrepreneurs a refreshing reminder of just what they set out to achieve and how best to go about accomplishing it.

Sure, a napkin isn’t a great vessel for carrying out complex business plans. But beyond the facts and figures, it keeps more primal aspects of business alive—the passion, the hunger, the ambition. It’s a reminder that any big dream, no matter how absurd, starts from somewhere.

Going Beyond The Idea To The Next Big Venture

While napkin ideas may be the beginnings of great companies, they’re only the first step in a much longer journey.

It takes a lot more than just a sketch to build a successful enterprise. It takes hard work, passion, team and investment to turn an idea into a viable venture. I’ve noticed the most successful businesses are the ones that can take their initial idea and keep evolving to fit the changing times.

The key to making the most out of napkin ideas is to act on them. The sketch may be a great starting point, but it won’t do much good if it gathers dust in the back of a drawer.

Not every napkin business is going to turn into the next Facebook, and there’s no guarantee that whatever comes out of that initial sketch is going to be a success. But as long as the business owner is willing to put in the necessary work to turn an idea into something real, there’s no telling the heights they might reach.

We’ve all heard the saying, “From humble beginnings come great things,” and nothing quite says humble beginnings like a well-worn napkin. It transcends its utilitarian purpose and speaks to the romantic spirit of startups—that creative minds can think big, no matter how small the vessel.

Napkin sketches are proof that some of the world’s most successful companies began in the simplest of ways—all it takes is ambition, a little bit of courage—and a whole lot of execution. This should serve as a reminder to entrepreneurs everywhere to dream big, take risks, jot down their ideas and execute on their aspiration.

Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?

Read the full article here

News September 9, 2023 September 9, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Fast Four Quiz: Precision Medicine in Cancer

How much do you know about precision medicine in cancer? Test your knowledge with this quick quiz.
Get Started
Excelerate Energy: Nearby Best Energy-Source Cap-Gain Prospect (NYSE:EE)

The primary focus of this article is Excelerate Energy, Inc. (NYSE:EE). Investment…

Penske Is Steady, But The Road Ahead May Be Bumpy (NYSE:PAG)

Investing Thesis On Wednesday, Penske Automotive Group (NYSE:PAG) released a superficially encouraging…

Top Financial – No, Stop It, This Is Silly (NASDAQ:TOP)

TOP Financial Moves, yes, but why? TOP Financial (NASDAQ:TOP) was quite the…

You Might Also Like

Small Business

Marketing Versus PR: What’s Really Different?

By News
Small Business

Fundraising Strategies For Businesses Scaling Beyond $100 Million

By News
Small Business

The Power Of Personalization In Marketing And Website Design

By News
Small Business

Brilliant Or Lucky? 4 Key Insights For Ventures & Angels

By News
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Contact US
More Info
  • Newsletter
  • Finance
  • Investing
  • Small Business
  • Dept Management

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions

Join Community

2025 © wealthbeatnews.com. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc.

I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?