nice replies, everyone. i've heard lots of good things about "the science of getting rich", read it once myself but haven't applied it like i should
glad to see that you've made the distinction between having good ideas and action; there are plenty of great ideas out there but what's lacking is creative and disciplined execution of those ideas. how many times have you thought of some idea, but then immediately dismissed it for whatever reason (too weird, the kids won't like it, too expensive, i don't have time, etc.)? and then 2 years later you see your idea implemented somewhere else? so i think your approach can be fruitful if you find someone with the ideas and the vision, and you can kind of be the operations/implementation guy.
however, i agree with openmind that you make sure that it's really what you want. $1m might seem really important at one level of consciousness, but it might not be at a higher level. only you know what's best for you. but whatever you choose, it's possible to keep growing, so always enjoy the experience and learn as much from it as you can.
i think the key is to search for the biggest customer pain that you can find, where you can provide the most value. it's easier to provide a lot of value to a few customers than a small amount of value to lots of customers, but this is changing because of the internet. my thoughts are that if you want $1M in a year, then you might have to do self-employment type of businesses (consulting projects, etc.). but if you have a longer time-frame, you can try entrepreneurship-type businesses where you build an actual business system that will net you $20M+ in 3-5 years.
any particular field that you're interested in? i'd be happy to bounce some ideas around.