What is a TR50 company? It is a business whose innovations force other businesses to alter their strategic course. TR50 members are nominated by Technology Review’s editors, who look for companies that over the last year have demonstrated original and valuable technology, are bringing that technology to market at a significant scale, and are clearly influencing their competitors.
We teach entrepreneurs that they should pick an idea they are passionate about, work up a business plan, assemble resources and then execute it.
If we think about entrepreneurialism as a kind of gardening, this traditional approach in a sense encourages people to plant monocultures that are extremely vulnerable to disease. Furthermore, who wants a garden with just one kind of plant in it? Lastly, if the “idea” you choose to plant cannot grow well in your location or your climate, or the climate changes, you are left with a failed crop of your monoculture, and little recourse but to bankrupt yourself and start over.
O HeyCrowd é um serviço que oferece a solução para a demora do processo de pesquisa de opinião. É possível saber, de maneira simples e rápida, o que as pessoas pensam sobre aquele filme que planeja assistir no final de ...
First off, startup ideas themselves are next to worthless. Paul Graham wrote an incredible essay about the face value of startup ideas that takes an economically analytical approach by stating, “Nothing evolves faster than markets. The fact that there’s no market for startup ideas suggests there’s no demand. Which means, in the narrow sense of the word, that startup ideas are worthless.” Execution is the main value inherent in a startup, not the idea itself. Ideas change with the market’s feedback. Pivots happen when opportunities are recognized and executed upon.
Mamiko Ito is a Global Entrepreneur, Success Coach and Business Mentor for Women. She established businesses on 2 continents, and alongside her partner grew them into half million dollar ventures in less than a year.
Having an idea is just not enough. You need to make that idea happen. You need to pick the right idea from 100 ideas, shape it and develop it. As a designer and a creative professional, you have lots of ideas.
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