It's Not About the Money
This entry was posted on 3/23/2007 5:47 PM and is filed under Entrepreneurial.
Success depends on factors like vision, execution, and perseverance.
A compelling vision. You have to bring people to your idea because they want it as badly as you do. Whether you are proposing a brand new widget or the revolutionary new process improvement, you have to demonstrate that your idea is more than an idea; it's a bold step for a brave new future.
An ability to execute. Ideas are a dime a dozen, even good ones. You have to bring your idea to fruition by getting competent people to fulfill your vision. First step is to make it our vision and then get everyone pulling together to pull it off.
A power to persevere. Visions are about blue skies; life is not. You and your idea will likely get knocked every which way till Sunday until you can make it happen. Good ideas rarely occur overnight. They may take months or years or even decades. Perseverance is what often distinguishes the successful from the also-rans.
Rising to any goal, is a matter of vision and ingenuity as well as persistence and power. No one gave Henry Ford a blank check to create a car company more than a century ago. Ford failed in his first car venture and fellow owners of his second company (Cadillac) preferred to do without him. Likewise venture capitalists were not seeking to fund a milkshake salesman named Ray Kroc who had an idea that what the McDonald brothers were doing in San Bernardino, California, just might catch on in the rest of the country. And he was right! But it took Kroc more than a decade of working without pay from McDonald's to make his franchise dream a reality. Again when Chad Hurley and Steve Chen were creating a video share site, called You Tube, no one wrote them the big check, until they had demonstrated that they had something different as well as scalable to meet an unmet need.
Today’s thoughts come from John Baldoni