Felix Dennis, again
I’ve been reading How to get rich again recently and there’s one thing I would like to share. This topic has been discussed on startup-blogosphere thousands of times. Idea vs. execution. See what Felix has got to say:
The problem with the great idea is that it concentrates the mind on the idea itself. This is fine as far as it goes. But unless the idea is executed efficiently and with panache and originality, then it doesn’t matter how great the idea is, the enterprise will fail. Ideas are certainly of immense importance, but I have seen so many people attempting to create a start-up company who have become obsessed with proving that their idea was “right” rather than obsessed with making money. And I have watched them wasting years doing it.