The following is an excerpt of David’s interview in Top Coaching Techniques.

Ingrid: You know, I have this theory that all you need is one good idea, David. For example, the guy that developed the bendy straw or Velcro or the zipper or your fireman hose – is it a bit more than just a good idea?

David. I’m so glad you said that Ingrid, because yes, I think it is. You could have the most brilliant idea in the world and make nothing from it, or you could have an idea that’s just good – it’s not brilliant like velcro, but it’s a good idea, people need it – and you feel passionate about it and you can actually really make some money from that and make a living for yourself. So, no, an idea alone is not what’s going to do it. You need some passion behind it. It does need to be a good idea that the world needs right now. You don’t want to do something that’s already being done, unless you can do it better. I think you need to start creating some systems for the business. It’s also really going to help to have a partner who’s got some experience in this. Take on a business partner, or get yourself to a really good accountant or business advisor or business coach who can help you with it.