Its not the Idea

Great Ideas alone don’t guarantee success. Original ideas don’t either. Success is accomplished using a combination of execution and more importantly timing. Why do I say timing? There were dozens of video sharing sites before YouTube. Dozens of web mail applications before Gmail and many social networks before MySpace and Facebook. What these successful iterations did was combine an already embraced concept and take successful elements of the old and slightly adjust and tweak the features to what users really wanted. The timing had to be right for these companies to succeed. Timing as in: features, the date, current events, market overview, morale.

Posted in Entrepreneurship, Great Ideas at April 2nd, 2008. Trackback URI: trackback
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