Episode 328

Monkeys and Cheating Time

Takeaways

  • Three elements to every great idea: solves a need, addresses a common problem, and stays with you.
  • Great ideas often require time and iteration to develop.
  • Execution and discipline are crucial in turning ideas into reality.
  • You can't cheat time; the effort you put in matters.
  • A good idea is not just luck; it's a process of trial and error.
  • The best ideas often come from a deep understanding of the problem.
  • Curiosity about the issue is essential for success.
  • Building a sustainable business requires time to fix and improve the product.
  • Diversification in business should be based on shared characteristics, not random differences.
  • Time allows for the development of ideas into something stronger and more viable.


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Sponsors

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🎙️ One Big Thing Podcast - https://www.nqrmedia.com/one-big-thing


Chapter Markers:

00:00 - The Essence of Great Ideas

02:45 - The Importance of Time in Idea Development

05:52 - Execution vs. Randomness in Idea Generation

09:09 - Building a Sustainable Business Around Ideas

About the Podcast

Show artwork for Unleashing Leadership: Unlocking Greatness and Embracing Change
Unleashing Leadership: Unlocking Greatness and Embracing Change

About your host

Profile picture for Travis Maus

Travis Maus

Travis Maus is the Chief Executive Officer of S.E.E.D. Planning Group is a fee-only financial planning firm with over 30 employees and locations in New York and Tennessee.

He hosts Unleashing Leadership and co-hosts the award-winning Ditch the Suits Podcast. Ditch the Suits aim is to help listeners get the most from their money and lives.

He is passionate, unfiltered, and committed to building great businesses.