Anyone can have a really great idea. But ideas are cheap and its what you do with them that really matters.
Making it work comes down to execution. In fact, the idea does not have to be brilliant or even original.
A brilliant idea poorly executed (or not executed at all) will amount to very little.
But if you can take even a mediocre idea, and execute it well, you'll have it made.
Imagine what you could achieve with a brilliant idea executed well.
How many brilliant ideas can you think of that have been copied and executed very successfully?
Consider the following:
If your idea and product is a piece of Software or an online Service, stages 3 and 4 can be combined because mass production/distribution can be achieved via a web site. The units of value could potentially be multiplied!
With Software Products, you Write It Once incurring most of your costs (primarily time) and each additional sale costs very little.
With Software, you have the potential to achieve Infinite Production Capacity, a very good way to scale a business quickly.
Making it work comes down to execution. In fact, the idea does not have to be brilliant or even original.
A brilliant idea poorly executed (or not executed at all) will amount to very little.
But if you can take even a mediocre idea, and execute it well, you'll have it made.
Imagine what you could achieve with a brilliant idea executed well.
How many brilliant ideas can you think of that have been copied and executed very successfully?
Consider the following:
1. An idea takes 1 unit of effort from the individual, and produces one unit of value.These measures describe a tangible production model where you need to physically make and distribute a product.
2. Development of the product takes 10 units of effort from the individual and produces ten units of value.
3. Mass Production of the product takes 100 units of effort from the individual and produces 100 units of value.
4. Mass Distributing the product takes 1000 units of efforts from the individual and produes 1000 units of value.
If your idea and product is a piece of Software or an online Service, stages 3 and 4 can be combined because mass production/distribution can be achieved via a web site. The units of value could potentially be multiplied!
With Software Products, you Write It Once incurring most of your costs (primarily time) and each additional sale costs very little.
With Software, you have the potential to achieve Infinite Production Capacity, a very good way to scale a business quickly.
116 comments,
Business, Wednesday, June 29, 2005 05:06
