Post by Nancy Ogbogu (@Nancyogbogu)

No idea is completely new. What you are doing now, someone else has done before or is still doing. What you do is polish, improve, and reinvent an existing idea.

If you’re a business owner, your job is to improve the idea that comes to your mind and find a way to execute it differently.

So, don’t get frightened when you see other people doing the same thing. Remember, you are also reinventing an existing idea.

Have you ever experienced a situation where an idea comes to your mind, and the next day, you see someone else executing the same idea? Would you pause or give up on yours?

Don’t.

An idea is not only about being the first person to do it. It is about how you execute it differently from others.

But remember, whatever idea you reinvent, don’t forget one of the most important business rules: COSTING & PRICING.

Don’t just sell your idea without knowing how much it costs you to produce and the actual price you should sell it for.

That brilliant idea can still run at a loss if you ignore this GOLDEN RULE.

Want to understand the Golden Rule of business, Costing & Pricing?

Send a DM “COST” to gain lifetime access to the guide.

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