I’ve come across so many young entrepreneurs who have a new idea for a business every day. They get excited about an opportunity, tell their friends, start doing research and then drop the project to start another new business idea. A post in Scott Young’s blog yesterday got me thinking about how many of us get going on our ideas and never finish.
The difference between the successful business owners from the ones just scraping by is not ideas but execution. Successful entrepreneurs a) get started and b) keep going. The idea is the foundation on which to build but you need to actually build it! Many people give up at the first sign of trouble or hard work and come up with a new business idea thiking that the grass is greener on the other side.
As Scott points out:
The true ingredients of success are often hidden from a shallow observation. Flawless execution cannot be replicated through just one big idea or technique. Trying to figure out why a skyscraper is taller than a shack without looking at all the bricks and steel is foolhardy. Excellence is a skill, not a concept. Not something to be studied but something to be practiced.
One of the goals of our YE blog is not only to expose you to new ideas and strategies that will help you grow your business but to also help you execute on those ideas. Thinking alone does not generate results – you need to put your ideas into practice.
On Monday we’ll begin a 5 part series profiling the success factors of famous North American entrepreneurs. It will highlight how some of the world’s most well known business owners turned their ideas into results and hopefully inspire you to take your company to the next level as well.