???How to kill your desire to monetize an idea

Weekly Business Advice

This week we are talking about the controversial subject of comparing your business idea to others to understand its viability and innovativeness Our expert this week is Diyora Abdullaeva Abdullaeva, a serial entrepreneur on a mission is to bring clarity to the life of business owners through bookkeeping services, workshops, Neurographica training, and Doterra essential oils.?

???How to kill your desire to monetize an idea

?Would you like to know how to kill your desire to monetize your idea?

Compare yourself to potential competitors!

I know you probably hear a lot that you should look at your competitors and see what they are already doing on the market and compare prices and other factors. Considering that the internet made the world immediately accessible at your fingertips, many entrepreneurs end up feeling frustrated instead of inspired by this competitor analysis.

Why is it important?NOT?to compare yourself to the competitors or the players on the market when your business has not yet grown to 100 customers?

1. ?The emotional state of the business owner is the biggest asset in all stages of business development.?After the review of the competitors, you may even get upset or discouraged. Suddenly, you may realize that to be on the same level as those competitors, you still need to invest a lot of money in marketing, videos, design, or collecting many customer reviews to become like them. It is easy to fall into procrastination, and your inspiration to start your business?will be gone to those who have NOT compared and just moved directly to their customers!
2. The uniqueness of your service depends on your authenticity.?When you see how things have already been done, your brain automatically leads you down the same road instead of creating an innovative solution/packaging/communication/showcase of you and your business. We push so many tasks on our brains to handle during the day that it must pick the easy route to provide the solutions for us. After you may spend hours reviewing the competitors, naturally, the brain starts building ideas on how to be like them. Unintentionally, you will start picking the same brand colors and use the exact words as your competitors.??

Time is the most priceless resource that no money can buy!

Investing the time into your own business by networking with other business owners and sharing your fears, hardships, and discoveries can bring you more solutions and help?build deep connections within your community. It is OK to admit your failures; we all have been there and done that!?

"Bookkeeping Impact" on the market since 2009 has been growing very slowly because the founder compared herself to other established bookkeeping businesses. Nevertheless, in 2020, this business started hiring employees and continues growing steadily and firmly communicating the owner's mission: "My business is a projection of my life purpose: helping others have a better life. I see the bookkeeping services as my instrument. I observe how it transforms the lives of the business owners who work with us; they feel more peaceful and confident about their enterprise. It ripples in their relationship with employees and clients. And from business relationships, it goes on to personal interactions and improves family life. Thus, happy bookkeepers create happy business owners, and we create a happy community together!"

We wish you to monetize your ideas prosperously!?

If you need help with bookkeeping, feel free to?book a Complimentary Consultation with Diyora.

More about Diyora

Diyora: "When people see my young-looking face, they cannot believe that I have more than 20 years of experience helping business owners. In fact, I’ve started my career at 16, when my father, a prosperous farmer of Uzbekistan, trained me to create a business plan for the farmers..."?

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Diyora's Workshop

The "Write Your Life Story" workshop is for people who want to identify the detailed direction they want to move in life. Here you can write down a complete picture of your life ten years from today and receive practical tools for daily activities.?

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