A friendly rant; some useful advice

[EC44]

I see a pattern developing, maybe not a pattern but just one big damn bad habit.

People trying to sell potential - potential is what could be, not what is! People are not interested in ideas, people have their own ideas. People are interested in execution, you are not buying an idea you are buying someone else's hard work - something of actual value. It's not very often that someone will buy IP that is only on paper, they want some actual concrete evidence of the product working in the form of a prototype, for example.

In any venture, there are three steps. The idea, the execution, and the exit plan - 110% of the work lies directly in step 2, the execution. So before you go thinking your idea is worth $100k, $10K or even $100 just..walk away before you look silly. A real investor, entrepreneur or ANY business person will laugh in your face when you mention potential more than once in a pitch - potential is not what where their interests lie, what is and what will be, is their only interest.

That's the truth! Deal with it!

------

http://www.entrepreneurhive.com - Coming June 2009

[Mega B]

A very good post and i agree with you 100% right i am off down the pub to sink a few jars and generally chill out.

[bananaman]

Nice post. Ideas don't make money. Successful execution makes money.

[nonrate]

I see a pattern developing, maybe not a pattern but just one big damn bad habit.

People trying to sell potential - potential is what could be, not what is! People are not interested in ideas, people have their own ideas. People are interested in execution, you are not buying an idea you are buying someone else's hard work - something of actual value. It's not very often that someone will buy IP that is only on paper, they want some actual concrete evidence of the product working in the form of a prototype, for example.

In any venture, there are three steps. The idea, the execution, and the exit plan - 110% of the work lies directly in step 2, the execution. So before you go thinking your idea is worth $100k, $10K or even $100 just..walk away before you look silly. A real investor, entrepreneur or ANY business person will laugh in your face when you mention potential more than once in a pitch - potential is not what where their interests lie, what is and what will be, is their only interest.

That's the truth! Deal with it!

------

http://www.entrepreneurhive.com - Coming June 2009

My original reply was too off topic to read here. Please see Work hard or work smart?