TIP OF THE DAY: The Execution Matters A Hell Of A Lot More Than The Idea

noiembrie 25, 2010

From Evernote:

TIP OF THE DAY: The Execution Matters A Hell Of A Lot More Than The Idea

Clipped from: http://www.businessinsider.com/tip-of-the-day-the-execution-matters-a-hell-of-a-lot-more-than-the-idea-2010-7?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+typepad%2Falleyinsider%2Fsilicon_alley_insider+%28Silicon+Alley+Insider%29&utm_content=Google+Reader

TIP OF THE DAY: The Execution Matters A Hell Of A Lot More Than The Idea
bike bicycle flying jump

Image: Richard Parmiter via Flickr

Today’s tip of the day comes from Naval Ravikant — entrepreneur, investor, and co-author of the Venture Hacks blog:

[I]deas do not have the merit that we were all raised believing. You do have to pick the right space, but after that, execution is everything.

Here’s a quick confirmation test — go back to your classmates and pick out the smartest ones, and then the hardest working ones. Now look at who is successful.

A certain base level of intellect and idea-formation capability is required, but beyond that are strongly diminishing or even negative returns.

Consequently, the best entrepreneurs display a lot of chutzpah. They aren’t fazed by the competition, nor do they see shadows in every corner. They are their own biggest competition.

Naval Ravikant, Co-author, Venture Hacks

Click here to read his entire post at Venture Hacks 



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