Finding your “money” idea

Hey That's My Idea by Sylvia HendersonAt Ideabook, we talk a lot about innovation and generating ideas.  So what do you do when you have a bunch of ideas and you have to decide which one to implement first?

Today I thought I’d share a tip from my friend Sylvia Henderson, Your Idea Success Coach.  Take it away, Sylvia:

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Your money idea is the idea on which you will focus your time, energy, and resources. When you get so bogged down with details and choices that you have trouble actually choosing your money idea, try using a table matrix to get clear about which idea you choose.

Draw a table matrix – rows and columns. List your ideas in the rows in the left-most column.

Write the following questions in the columns in the top-most row.

  • What problem will I solve / issue will I address with this idea?
  • Why do I need to address it?
  • What roadblock(s) will I encounter with this idea?
  • What is the cost (to me/to my organization) of not addressing the  issue?

Then answer each question for each of your listed ideas. The resulting table matrix may reveal the idea that you deem most important to work on based on your answers to the questions.

Get more tips, strategies, and resources that help you implement your ideas – and download chapters of Sylvia’s book ‘Hey, That’s MY Idea! How to Speak Up and Get Recognized for What You Know and Think’ – at www.IdeaSuccessNetwork.com.

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