Before you can develop proof of concept you need to have a business plan, a dream, a passion, time money and ambition. It’s often compared to climbing Mt. Everest but I promise you it’s much harder and many more people have made the trek and everybody starts at the bottom.
Over a decade ago I was a student and member of the record setting success of Rich Schefren and his launch of Strategic Profits, which all started with the single best piece of free information ever given to the public about how to operate a business online, the Internet Business Manifesto. The manifesto is such valuable knowledge that it’s required reading for anyone in business.
According to Rich Schefren, unless you have more money in the bank at the end of the week, than at the beginning, you are not in business. Cash flow is the blood of business, with positive cash flow you have proof of concept. If your enterprise has negative cash flow your business is on life support and someone needs to invest money into your company to keep it alive.
The very best Business Model development school is the 4 Week MBA where any company that has gained proof of concept, to any notable degree and all those that have set records, the business model of one and all is laid bare, defined, explained, itemized and analyzed to provide the student the ingredients to the most successful cakes that have ever been baked.
At the end of the day, the primary factor for success remains the same as the late great Napoleon Hill told us some eighty years ago, in his amazing book “Think and Grow Rich” where the key is to find a problem and solve it.
Think and Grow Rich was written by Napoleon Hill in 1937 and promoted as a personal development and self-improvement book. He claimed to be inspired by a suggestion from business magnate and later-philanthropist Andrew Carnegie.
While the book’s title and much of the writing concerns increasing income, the author insists that his philosophy can help people succeed in any line of work, to do and be anything they can imagine. First published during the Great Depression, the book sold more than 20 million copies by Hill’s death in 1970. By 2015, more than 100 million copies had been sold worldwide.
It remains the biggest seller of Napoleon Hill’s books. BusinessWeek magazine’s Best-Seller List ranked it the sixth best-selling paperback business book 70 years after it was published. Think and Grow Rich is listed in John C. Maxwell‘s A Lifetime “Must Read” Books List.
Think and Grow Rich is based on Hill’s earlier work The Law of Success, said to be the result of more than twenty years of study of many individuals who had amassed personal fortunes.
Hill studied their habits and drew some 16 “laws” to be applied to achieve success. Think and Grow Rich condenses them, providing the reader with 13 principles in the form of a “Philosophy of Achievement”. The book asserts that desire, faith, and persistence can propel one to great heights if one can suppress negative thoughts and focus on long-term goals.
The 13 “steps” listed in the book are:
- Specialized Knowledge
- Organized Planning
- Power of the Master Mind
- The Mystery of Sex Transmutation
- The Subconscious Mind
- The Brain
- The Sixth Sense
In this article I’ve provided three sources of knowledge to obtain, if you want to know how to Develop Proof of Concept but in the begging of this I compared Business Development to climbing Mt. Everest where there’s a few important take-away ideas, like the imagination it takes to want to climb a mountain (how could that be fun?), consider the determination it must take, just to get to the base-camp? Recognize the commitment it takes once you start trekking towards the top…. there’s no turning back…. now you really ask yourself if you had prepared the best you could, if you have good team members and even whether or not you are on the right path.
For some of us, there is no choice but to make the trek again and again until we make it to the top because we know that it’s the most rewarding mission you can take and the only path towards freedom from having to exchange the hours of your life for enough money to keep planning for the next climb but as you get older you know how tough it gets in bad weather and there’s no room for mistakes anymore. You must be prepared.
What’s at the peak and why this obsession? Once a business make’s it past launch of a start-up and with good planning and business launch formula a company will next experience rapid-growth, which is like the hardest and most dangerous part of the climb and many businesses fail from their own success and implode for various reasons but the next phase is called stability and that’s the summit. You can now plant your flag and sell your company to prepare for your next climb. – The end.