How to start something new - the magic equation for creative designers!

The Key to unlocking your next big project is in evaluating new ideas

As creatives and entrepreneurs, we're constantly bombarded with new ideas - from starting a blog to launching an online course. The allure of these fresh opportunities can be intoxicating, but how do we know which ones are worth pursuing? The secret lies in a simple equation that will help you objectively evaluate your options and identify the most promising path forward.

Introducing the "New ideas equation"

The new ideas equation is a powerful tool that breaks down the key factors to consider when evaluating a potential new project or venture. It consists of two main components: motivational factors and practical factors.

Motivational factors

• Interest (I): How much interest and passion do you have for this new idea? On a scale of 1-10, how excited are you about the prospect of bringing this project to life?
• Relevance (R): How closely aligned is this new idea with your professional goals and aspirations? Does it complement your existing skills and experience, or does it represent a significant departure?

Practical factors

• Time (T): How much time can you realistically commit to this new project each week? Be honest with yourself about the demands on your schedule and the sacrifices you're willing to make.
• Challenge (C): How difficult or challenging will this new endeavor be? A certain level of challenge can be invigorating, but too much can quickly lead to burnout.
• Enjoyment (E): Will you genuinely enjoy the process of working on this new project? Passion and excitement can only carry you so far - the day-to-day work must be fulfilling as well.
• Feasibility (F): Do you have the necessary resources, skills, and support system to make this new idea a reality? Assess the practical requirements and your ability to meet them.

Putting the equation to work

Now that you understand the key components of the new ideas equation, let's put it into practice. Imagine you're considering two potential new projects: starting a blog and launching an online course.

Example 1: Starting a new blog

• Interest (I): 7/10
• Relevance (R): 8/10
• Time (T): 4 hours per week
• Challenge (C): 6/10
• Enjoyment (E): 8/10
• Feasibility (F): 8/10

Plugging these values into the equation (I x R) + {T x ( C+ E) x F} , we get:

(7 x 8) + (4 x 6) + (8 x 8) = 56 + 24 + 64 = 144

Example 2: Launching an online course

• Interest (I): 8/10
• Relevance (R): 9/10
• Time (T): 6 hours per week
• Challenge (C): 7/10
• Enjoyment (E): 7/10
• Feasibility (F): 7/10

Plugging these values into the equation (I x R) + {T x ( C+ E) x F} , we get:

(8 x 9) + (6 x 7) + (7 x 7) = 72 + 42 + 49 = 163

Identifying the best path forward

By comparing the results of the two equations, it's clear that launching an online course (163) is the more promising option compared to starting a new blog (144). The higher score indicates that the online course aligns better with your motivational factors and practical considerations.

Of course, this is just a simplified example, and the actual values you assign to each factor will depend on your unique circumstances and priorities. The key is to be honest with yourself and objectively assess each new idea against the criteria of the equation.

Maximizing your chances of success

Once you've identified the most promising new idea using the equation, it's time to start planning for success. Here are some additional tips to help you make the most of your new venture:

Develop a detailed action plan

Break down your new project into specific, actionable steps, and create a timeline for completing each one. This will help you stay organized, focused, and on track as you bring your idea to life.

Leverage your existing skills and resources

Look for ways to leverage your existing skills, knowledge, and resources to support your new venture. This could include using your professional network, repurposing content, or outsourcing tasks you're less comfortable with.

Embrace the learning process

Starting something new inevitably involves a steep learning curve. Embrace this process and be willing to experiment, make mistakes, and continuously adapt your approach. The more you can learn and grow, the stronger your new project will become.

Maintain momentum and motivation

Sustaining your motivation and momentum can be challenging, especially when faced with setbacks or obstacles. Find ways to celebrate small wins, connect with a supportive community, and regularly remind yourself of the "why" behind your new venture.

Unlock your next big opportunity

The new ideas equation is a powerful tool that can help you navigate the exciting, yet often overwhelming, world of new projects and ventures. By carefully evaluating your options and focusing on the ideas that align best with your motivational and practical factors, you'll be well on your way to unlocking your next big opportunity.

So, what are you waiting for? Start exploring your new ideas today, and let the magic equation guide you towards your most promising path forward.

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