Get Your Idea In Motion! - dR. nICOLE rANKINE

Dr. Nicole Rankine - Adulting In My Purpose

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INTRODUCTION

Show Objectives - Adulting In My Purpose helps young leaders who aspire to become business owners prepare to take their first steps into entrepreneurship. Throughout this show, I will share lessons I have learned about entrepreneurship that every young leader needs to know before their journey begins. 

For this episode, we will talk about turning your idea into a business. In their episode of “Get Your Idea In Motion,” we will discuss strategies to turn your business idea into reality. 

Turning an idea into a business can be one of the most fulfilling and rewarding challenges of a lifetime. It’s not easy, but the skills and experiences required to start a business are learnable. 

Great entrepreneurs are made, not born. Hard work, drive, and absolute determination can make up for gaps in skills and experience. The rest is learned by doing, making mistakes, and adapting along the way.

So you have your idea….it is time to GET YOUR IDEA IN MOTION! 

Key Issues - Owner Perspective:

• For a business idea to succeed, you need to develop the right systems  to ensure you launch from a firm base 
• Statistics show that over 50% of businesses fail in their first 5 years– with 30% failing in the first year alone. 
• Your idea should fit your passions, goals, strengths, resources, and tolerance for risk. 

What You Need to Know - The What
Your Business Idea Should be:

• Market-driven
• Feasible
• Unique 
• Scalable 
• Innovative 

What You Need to Do - The How
Five Steps To Turn Your Business Idea Into A Reality 

• Research the Market 
• Develop a Financial Plan 
• Prepare your idea for the market
• Build your brand
• Establish legal business 

Shows 
Next: Episode 4 -  Overcoming Fears: Harness the Power of Risk-taking  

Resources (optional):
Dr. Nicole Rankine, affectionately known as Dr. Nic, is one of the most engaging certified Personal Growth Coaches around. She is a consultant with the John Maxwell Team and the CEO of the COLE Academy of Personal Growth, a training, and development company that uses a systematic personal growth program to help young leaders discover who they are, clarify their vision, and develop a plan to achieve their goals.

Dr. Rankine travels both nationally and internationally devoting her life to equipping, inspiring, and empowering leaders and youth worldwide In the areas of leadership development, personal growth, and communication. 

​Before transitioning to entrepreneurship, Dr. Rankine spent 20 years working in the scientific research industry.  Dr. Rankine now travels both nationally and internationally devoting her life to equipping, inspiring, and empowering leaders and youth worldwide. She serves as an Adjunct Professor, Entrepreneur, Empowerment Speaker, Teacher,  and Coach. She also is the author of the Adulting in My Purpose Journal. 

Adulting In My Purpose The Journal 
https://bit.ly/38jli4Z

Website: www.drnicolerankine.com
Email: nicole@drnicolerankine.com
FB/Twitter/IG: @drnicoelrankine
 

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