3. Do You Have Enough Equipment And Supplies?

You should consider the following questions, and get the answers before beginning. What equipment and/or supplies do you need to test the new idea?  And do you have enough?

If you don’t have enough equipment can you rent or borrow them? Can you get more if you need to? How long will it take? How many sources of supply provide the necessary items in case one source dries up?

Another point  to remember concerning supplies and equipment is to beware of over-ordering. You should purchase modestly.

Remember, you’re testing. If the idea doesn’t work out you don’t want to be stuck with a storeroom full of widgets.

But on the other hand, if the idea is successful you don’t want to lose those extra profits.

You don’t want to run out of supplies and have to wait for more to be delivered. So, try to find a happy medium between the two extremes.

4. Do You Have The Knowledge, Skills Or Experience?

The next step to consider is do you have the knowledge, skill or experience to carry out the new idea?

This doesn’t necessarily mean you personally, it can also mean hiring someone with the knowledge, skill, or experience. Or can you get someone to teach you.

Many of the ideas you have will be so new, there may not be any prior knowledge to draw from. So, you may have to draw from your own knowledge and research.

If not, perhaps you should place the idea into the future considerations category. And choose another idea that fit the standard mentioned before. But if your idea fits the standard above, you’re ready to go to the next and final check.

5. Do I Have The Time To Properly Do It.

This is sometimes the easiest and at other times the hardest obstacle to overcome.

If you’re like most people today you’re already juggling 20 different things.

Your plate is already full when it comes to time. So, you’ll have to decide if the new idea is worth your investment in time to properly test it.

Of course you should consider the fact that if you’re too busy to think of new ideas maybe you’re too busy. And your business or job could suffer eventually.

Many businesses who thought they were too busy to try new ideas are no longer in business today.Thing about it.

It’s funny how the people that “make” time to try new ideas are quietly replacing the ones who didn’t have the time. So beware!