Does anyone else do this?

[TravLs1]

Everytime I come up with a business idea, I think about it all day. What would be involved, how much start up would be, my marketing and my niche, etc. Then, by the end of the day I am already dismissing the idea. Anyone else have this problem?

I had the idea of starting a real estate consulting business. Mainly for fsbo's (For sale by owner). I would assist them in the selling of their home. From marketing to telling them whay would make their home sell quicker and the ins and outs that are involved in selling their home. I will be acquiring my PA real estate agent liscense soon, so I will know a lot about the real estate world.

I guess I am just venting. I just do not understand why I feel as if it would fail before I even try to make it succeed. I am around the business world everyday. I help my mom run two small sandwich restaurants. So I know real estate, and I know business.

So does anyone else do this? Why do you think it happens?

[grizwold]

I am in real estate myself. I had trouble with this and have talked to friends and family about my ideas as I am always searching/thinking of new ones. The people that I talked to didnt like some of the Ideas or they did not quite understand them. This turned me off to the idea and soon the idea(s) was dead.

I'm currently starting a web site for real estate that is quite unique. I have come out of pocket almost 20K for the application and site. Being in the real estate world every day I ran my idea against professionals that would use this service every day and listened to what they had to say. This has been an idea for over three years and I'm just now starting to develop it!

Bring it to the people that would use it...if that means having them sign an NDA do it. Hold focus groups, take a survey to the streets. Use free tools around you to tweak the idea. Don't give up persistence is key. I still don't know if my idea will work 100% but im not going to wait!

Good Luck

[akula]

Everytime I come up with a business idea, I think about it all day. What would be involved, how much start up would be, my marketing and my niche, etc. Then, by the end of the day I am already dismissing the idea. Anyone else have this problem?

I had the idea of starting a real estate consulting business. Mainly for fsbo's (For sale by owner). I would assist them in the selling of their home. From marketing to telling them whay would make their home sell quicker and the ins and outs that are involved in selling their home. I will be acquiring my PA real estate agent liscense soon, so I will know a lot about the real estate world.

I guess I am just venting. I just do not understand why I feel as if it would fail before I even try to make it succeed. I am around the business world everyday. I help my mom run two small sandwich restaurants. So I know real estate, and I know business.

So does anyone else do this? Why do you think it happens?

sure...i used to get like this
nowadays, when i consider an opportunity, the first thing I do is survey the prospects
I'm comfortable in the fact that I can't predict venture outcomes using my own wits

[Skaught27]

Sounds like what I do. I spend all day thinking about something. I really don't let the opinions of those who don't know anything about the product market affect my idea, but I do tend to think of reasons they don't work.

I also tend to critique my partners business ideas. It can get him upset, but I go straight into analysis mode. Not really on purpose, I just see reasons why it might not be that profitable. I don't think I'm being pessimistic, I'm just covering all the angles. Maybe this way of thinking is detrimental, but I don't want to take a risk on something when I have very little start up money.

Maybe I should look at how it could work, but then I feel like I'm being too idealistic.

[bruiser1972]

I would say everyone on this site has had to deal one time or another with what your going thru. I would suggest concentrating fully on just ONE idea until you execute or dismiss it. I'm currently dealing with 2 start ups and finally realize I will need to put one aside until I get the other going.
Travis, where in PA you at? I'm near Philly and one of my start ups is in real estate. Maybe we can talk a bit. Send me a PM if you get a chance.
Good luck!!
Gary

[cwish001]

I think what you are doing is the right thing. I will have an idea get really excited about it. Then after a day when the excitment wears off and I can think logically I can spot problems. This is how we can avoid bad desisions. When the idea stays good then that is your oppertunity.

[bizdev]

Sounds like what I do. I spend all day thinking about something. I really don't let the opinions of those who don't know anything about the product market affect my idea, but I do tend to think of reasons they don't work.

I also tend to critique my partners business ideas. It can get him upset, but I go straight into analysis mode. Not really on purpose, I just see reasons why it might not be that profitable. I don't think I'm being pessimistic, I'm just covering all the angles. Maybe this way of thinking is detrimental, but I don't want to take a risk on something when I have very little start up money.

Maybe I should look at how it could work, but then I feel like I'm being too idealistic.

That is exactly how I feel. I too obsess about new ideas and totally go into full analysis mode. I used to go as far as creating business plans so I had all the pertinent info and could then make a decision as to whether or not to proceed. Of course that got pretty time consuming so now when I come up with something new I go straight to the cash flow statement and start up costs. That will let me know immediately if it's worth pursuing.