Any entrepreneur swears by this. Ideas are the currency for them. (Forgive me, sounds eerily similar to " ATP is the energy currency in all cells". Blame this on....)
To ideate is one of the best things that one can do.Having said that, the perils of not translating them into concrete actions are just too dangerous to be overlooked.
An idea might be a business opportunity or even to create the opportunity.But, trust us do not ever sleep on your idea. NEVER . First Mover Advantage is one thing that can decide whether you are a Google or a Windows Live!
Saint-Exupery is one person whom I love to quote, so please grant me the liberty. Thank You.
To ideate is one of the best things that one can do.Having said that, the perils of not translating them into concrete actions are just too dangerous to be overlooked.
An idea might be a business opportunity or even to create the opportunity.But, trust us do not ever sleep on your idea. NEVER . First Mover Advantage is one thing that can decide whether you are a Google or a Windows Live!
Saint-Exupery is one person whom I love to quote, so please grant me the liberty. Thank You.
A pile of rocks ceases to be a rock when somebody contemplates it with the idea of a cathedral in mind
-Antoine de Saint-Exupery
on a related note, I wonder too, at the insistence of wannabe entrepreneurs to invest in an area that has no competition.
More often than not, no competition means that a viable market doesn't exist.
The crux, I presume, is in finding an under-served need, and fulfilling it.
Google did that to search. It isn't as though Google was the "first-ever" search engine. The fact, however, was that its competitors did not feel that search was an exciting enough market to profit from.
Lo and behold! An under-served need. And eight years later, a multi-billion dollar company.
Chinmay Kulkarni
Saturday, December 02, 2006 1:37:00 PM