Great Execution Trumps Great Ideas

When people see the tremendous success of disrupters like Amazon, Airbnb, and Uber, many want to create the next big thing.  But for most people, just creating a viable and successful small business would be good enough.

Have you heard it said: “I had that idea years ago” or “he stole my idea?”  I have, and I tire of it.

A lot of people have good ideas, but a good idea is only as good as the execution of it into a product or service that delivers value and most often, a monetary reward.  Few, if any people, can make a living by coming up with ideas.  And the battleground of new ideas is littered with failed concepts and bankrupt businesses with leaders who still claim that their concept should have worked.  You’re better off with a not-so-good idea in a field with a proven marketplace than a “this can’t fail” idea in an unproven market.

You don’t need a great new idea to launch a successful new business.  What you need is a good product or service that consumers want, a great way to develop and deliver it, and the hard work and perseverance necessary to bring it to fruition.  Some entrepreneurs started selling with lemonade stands, candy bars, or girls scout cookies in grade school.  Then they rose to tee-shirt shops and leather goods at swap meets before starting full-blown businesses that employ dozens or even hundreds of people.

Most businesses are small businesses and require dedication, resources, and a never-say-die attitude to succeed.  So if you have an idea, great.  Figure out how to translate your idea into reality through great execution and a “failure is not an option” commitment.  Do this and you might just have a successful new business, if not the next big disrupter.

Here are a few Business & Life Tips to think about….

Business Tips:

• Test the idea of a new business venture before you quit your job and launch full speed into it. This is your backstop, if needed.
• Entrepreneurs know what they want and aren’t afraid to take risks and work hard to get it. Passion drives their success.
• If you want to develop something new, exciting, and lucrative, bring forth a disruptive technology that creates significant change.

Life Tips:

• Your commitments shape your direction in life and in business. They define what you’re dedicated to and what you really care about.
• If you want to be superior in your field of endeavor, you need work at it. There is no substitute for hard work.
• Why exhibit a positive attitude? It costs you nothing, it wins you favor, it becomes contagious, and you will be happier.

Tags: Advice, attitude, Bankrupt, Business, Business Development, Business Tips, Client, Commitment, Concept, Create, Crisis Management, Customer, Customer Service, Deliver, Determination, Develop, Developing Leaders, Disruptor, Dreams, Drive, Employ, Energy, Entrepreneur, Execution, Failure, Fruition, happiness, Hard Work, Idea, Knowledge, Launch, Leaders, Leadership, Leadership Excellence, Leadership Skills, Learning, Life Tips, Management, Marketplace, Necessary, Option, People, Perseverance, Product, Project Leaders, Reality, Reputation, Resource, Reward, Sale, Sales, Sell, Service, Start, Succeed, Success, Successful, The Mind of a Leader, Translate, Value, Values, Viable, Vision, Wisdom