Think You Have a $1-Million Idea? Now Get It Off the Ground. Catch yourself from falling into decision paralysis.

By Jeff Rose

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

When you're sitting on an amazing new idea you can't wait to share -- what should be your first step? For Jeff Rose, an Entrepreneur Network partner, it is a matter of taking that first step, at all.

Rose enlists the professional advice of his friend and colleague, Andy Traub, a fellow entrepreneur and personal finance expert, to offer some insight into navigating the process of launching his new product. Talking us through some of his personal challenges, Rose explains how he felt a special responsiblity to let this idea ferment awhile longer -- versus launching it right away. Eventually, Rose and Traub come together to realize making a decision is often half the battle. Being equipped with a diverse set of knowledge and facts can paralyze a decision-maker when it's time to pull the trigger. Traub's advice is for Rose to finalize his product and start thinking about how to market and measure consumer interest -- rather than being held back by options upon options.

In another effort at making progress, sometimes starting simple is key. Traub tells Rose that the reality that grand projects and impressive feats exist doesn't mean they did not start as smaller, leaner models in the beginning.

Building up from a solid idea can evolve to something greater later on -- taking an initial concept to a $1-million idea.

Click play to hear more about Rose's game plan for kicking off his new project.

Related: How I Made $134,846.40 of Passive Income in 1 Month

Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on Roku, Apple TV and the Entrepreneur App available on iOS and Android devices.

Click here to become a part of this growing video network.

Jeff Rose

Certified Financial Planner, Author and Blogger

Jeff Rose is an entrepreneur disguised as a certified financial planner, author and blogger.  He's best know for his blog GoodFinancialCents.com and book, Soldier of Finance: Take Charge of Your Money and Invest in Your Future.  He's also the editor of LifeInsurancebyJeff.com. He escaped a path of financial destruction from dropping out of college with over $20,000 of credit card debt to become a self-made millionaire. His mission is help future generations achieve financial freedom by developing strong money habits and unleashing their entrepreneurial spirit.   

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

More from Jeff Rose

This Certified Financial Planner Explains How to Invest $10,000

How I'm Picking the Best Stocks Right Now

Michael Jordan's Top 7 Rules for Success

Editor's Pick

Related Topics

Business Solutions

Stay Organized with This Task Management Tool, on Sale for $30

A Study Planr Pro subscription is just $30 for life.

Thought Leaders

10 Simple, Productive Activities You Can Do When You Aren't Motivated to Work

Quick note: This article is birthed out of the urge to do something productive when I am not in a working mood. It can also inspire you on simple yet productive things to do when you're not motivated to work.

Business Ideas

55 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Here Are 3 Strategies Startup Founders Can Use to Approach High-Impact Disputes

The $7 billion "buy now, pay later" startup Klarna recently faced a public board spat. Here are three strategies to approach conflict within a business.

Data & Recovery

Get 2TB of Cloud Storage with PhotoSphere for Just $280 for a Limited Time

Easily store and access photos, videos, and other files spread across your work devices.

Social Media

How To Start a Youtube Channel: Step-by-Step Guide

YouTube can be a valuable way to grow your audience. If you're ready to create content, read more about starting a business YouTube Channel.