Above The Business Episode 433: Thinking Time - Turn Your Business Ideas into Reality with the IMPACT Framework
In this episode, Bradley Hamner introduces the IMPACT framework—a structured approach to testing and validating business ideas before committing resources. This method helps business owners avoid costly mistakes and focus on ideas that drive real growth.
Key Takeaways:
- I - Ideal Scenario: Define success before taking action.
- M - MVP: Test a small-scale version first.
- P - Pre-Mortem: Identify potential failure points early.
- A - Allocation of Resources: Assess time, money, and effort required.
- C - Cost Model: Determine financial viability.
- T - Timelines & Targets: Set clear milestones and deadlines.
Why It Matters:
Using the IMPACT framework helps streamline decision-making, prevent wasted resources, and prioritize transformative ideas. Bradley shares real-world insights on how this approach has helped businesses scale effectively.
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