Exercise: A $100 hour A $100 hour is one of my favorite exercises for generating business ideas. It will help you create many interesting ideas, some of which may bring enormous success.
Think for one hour about how you can make an extra $100. In this exercise you don’t need to think about how to change the world, how to become a billionaire or how to create a steady stream of income. Your only goal is to generate as many ideas as possible of how you can earn an extra $100. That’s it. After the completion of the exercise, pick the one idea that you like the most and make a commitment to implement it. After you implement this business idea you will know if it works, if you can scale it and if you can outsource some tasks.
The $100 hour technique is very easy and fun to do and it can bring your business enormous success. Your subconscious mind may be paralyzed by the thought, “I have to create a big business idea that will change my life,” but it will eagerly generate business ideas that can bring an extra $100. Some of these ideas will become big, profitable and successful businesses. The $100 hour technique will bring you many interesting ideas, but only under the condition that you do it regularly. When you are ironing, jogging, gardening, waiting in line or feeling bored during a corporate meeting, it’s a wonderful time for the $100 hour.
Realizing which ideas you need and giving your brain tasks daily is the difference between creating thousands of ideas and no ideas at all. It is also the difference between enormous success in business and no success at all.
The Business Idea Factory: A World-Class System for Creating Successful Business Ideas
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“We all are learning, modifying, or destroying ideas all the time. Rapid destruction of your ideas when the time is right is one of the most valuable qualities you can acquire. You must force yourself to consider arguments on the other side.
— Charles T. Munger”
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