Ideas vs Execution
The cluster debates the value of startup ideas, emphasizing that ideas are cheap and common while execution, prototyping, and building are what lead to success.
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Ideas aren't worth much. Go build some prototypes and get the thing out there :)
I've had at least 10 ideas that i saw others pursue to great success. I'm not unique. We've all had such ideas. It's not the idea. How many sub-optimal ideas have you seen turn into successful businesses with multi-million dollar payouts?Like many other smarter people have said - it's not the idea. it's what you do with the idea. and it sounds like, as is the case with 99.9% of the population, you're not in a position to do much with your idea.so come up with an idea that you can execute y
I don't agree. Spend a week coming up with 100 other ideas first, and then get feedback on the most promising ones.Then do the best one. It might still fail, and if it does you'll still learn a lot, but you won't be wasting months or years when you could have chosen something more promising from the beginning.(And that's not a criticism of this specific business idea.)
>Try to market them to someone with the skills and resources to bring them into the world?It really isn't the idea, but the execution that's essential.There have been lots of ideas, which i thought were stupid and too simple to be profitable at that time. But i've seen them grow really popular and profitable.So i guess you should find someone to work with you on those ideas, and hope for the best. It may turn out that some those ideas become successful, but there's a higher chance t
what's your goal? get better at a skill? start a business? if it's starting a business there's a whole lot more than having an idea. if you don't have the resources to put behind something it's probably better not to try.
Ideas are cheap. The work to make a successful startup, that's the hard part. I have more ideas than I could ever possibly spin into companies, even if I were that sort of person - most of them I'm happy to give away entirely if it means they actually get implemented instead of forgotten. If I had an idea that I thought could change the world of finance for the better, then I would accept that I know bugger-all about finance and push that idea towards the nearest person who did
ideas are cheap. everyone has them. building a succesful business out of ideas is hard. really hard.
Probably better to work on one of your own ideas. Write down every idea you have, write out pros and cons for each, can you combine them? Then figure out simple business plans for each, keep it simple, find you competitors and learn from them, find your customers and learn from them, what resources you need to build a mvp, how are you going to market that, how do you plan to grow the business from the mvp.From all this research hopefully you will get a better feeling for which of your ideas a
How do you know if your idea sucks?
Because there are a thousand ideas a minute in this field that meet the "it's worth trying" bar but don't actually pan out to make any difference. It's the equivalent of a blogpost that says "if someone else turned my idea into a business, it would be a billion dollar business. But I won't bother."