Simple ideas worth millions
- Thread starter Michael_
- Start date
Being an entrepreneur and creating value isn't about having a really good idea but doing nothing, that's the easiest part. It's about getting the capital/funds together to execute your idea and pushing it through execution to generate value and profit.
From felix dennis:
"Chapter 45: On the Fallacy of the Great Idea
There is a fallacy rooted in the minds of many who wish to become rich — the fallacy of the great idea. Having a great idea is not enough. It is the manner in which ideas are executed that counts. Implementation will always trump ideas, however good those ideas are.
Good ideas are like Nike sports shoes. They may facilitate success for an athlete who possesses them, but on their own they are nothing but an overpriced pair of sneakers. Sports shoes don’t win races. Athletes do.
I have lost count of the number of men and women who have approached me with their “great idea,” as if this, in and of itself, was their passport to instant wealth. The idea is not a passport. At most, it is the means of obtaining one. In some instances, a fixation on a great idea can prove hazardous, distracting your attention from the perils and pitfalls
you will inevitably encounter on the narrow road.
If you never have a single great idea in your life, but become skilled in executing the great ideas of others, you can succeed beyond your wildest dreams. They do not have to be your ideas — execution is all. When confronted with a great idea, your reaction should be to scrupulously analyze its commercial potential in the context of your own ability to transform that potential into triumph.
Ideas don’t make you rich. The correct execution of ideas does."
Ideas are a dime a dozen... Execution is the only thing that matters...
Years before Facebook, I owned and built a site called Image Cards... Although, I built mine for the business world, like an online business card, it was essentially the same thing.
However, instead of being married to an ugly, fat ass Asian chick, I am conversing here with you fine folks!
My idea was clearly great, my execution clearly sucked donkey dicks in hell!
Years before Facebook, I owned and built a site called Image Cards... Although, I built mine for the business world, like an online business card, it was essentially the same thing.
However, instead of being married to an ugly, fat ass Asian chick, I am conversing here with you fine folks!
My idea was clearly great, my execution clearly sucked donkey dicks in hell!
How many people had the idea of social networking before facebook?
Friendster was first, Myspace second, Facebook was third as far as "Big" social sites go.
I'm willing to bet there were dozens if not hundreds of social websites to pop up between Friendster's launch in 2002 and Facebook's launch in 2004. Yet none of those made it to the top. Just because you have a idea doesn't mean it's going t o go well. Marketing & execution are key.
Look at oreo cookies. They're not original in the least, they were nabisco's copy of the hydrox which is nearly unheard of today. They marketed the heck out of it and had better execution (And distribution) than the hydrox.
Friendster was first, Myspace second, Facebook was third as far as "Big" social sites go.
I'm willing to bet there were dozens if not hundreds of social websites to pop up between Friendster's launch in 2002 and Facebook's launch in 2004. Yet none of those made it to the top. Just because you have a idea doesn't mean it's going t o go well. Marketing & execution are key.
Look at oreo cookies. They're not original in the least, they were nabisco's copy of the hydrox which is nearly unheard of today. They marketed the heck out of it and had better execution (And distribution) than the hydrox.
Taking the lettuce, washing, ripping off the leaves, putting the lettuce leaves in plastic bag, affix 'SALAD MIX', markUP !!%%%
Genius!
Check out the thread on selling your shit. You might be able to find some synergy and resurrect the idea...
I remember those cookies! The obvious problem was the name. It was not marketable at all. Oreo sounds like a cookie. Hydrox sounds like a cleaning agent.
Oh, and by the way...
Hydrox cookies bake plans for comeback
Hydrox cookies bake plans for comeback
