Article by: MaryEllen | Tuesday, November 13, 2012

I know the new year is coming and you’ve got ideas like crazy coming out of your head. What I want you to do, is keep an Idea Folder. And this folder needs to be constantly looked at and updated. And this is the folder that you take with you when you go see your mentor. You discuss these ideas with your mentor – not with all your colleagues, because that will go on forever and ever. Whenever you have an idea, you do a mini PnL – you determine your make or break. So it means, is this project going to fly or is it going to break down? And that’s why you do that mini PnL. And you see where it fits into your overall business plan. Only then, once you’ve taken all these steps, should you put the idea into action.

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