Wednesday, August 11, 2010

Great Entrepreneurs Have Vision, Not Just Ideas

Thanks to Robert Kiyosaki on Twitter for pointing out the article attached below.

It raises a good point that great entrepreneurs aren't just "ideas men". To create successful businesses, its less about the great idea and more about putting a plan together and assembling a team that can turn the vision in to reality.

(Click on the title below to read the full story)

Marty Zwilling: Great Entrepreneurs Have Vision, Not Just Ideas

A popular approach for aspiring entrepreneurs these days seems to be to corner anyone who will listen with a dialogue on their current hot 'idea.' The initial outburst usually ends with the question 'How much money do you think this is worth?' In my humble opinion, ideas are a commodity, and are really not worth anything, outside the context of a vision and plan.

Over the past couple of decades, experts have perfected the art of brainstorming and other idea-generation techniques. Executives and investors are now increasingly exposed to a wealth of ideas. The result is that ideas are no longer in short supply, and no longer a differentiator in competition.

Visionary leaders, on the other hand, are not so common. A visionary is someone who can make sense out of the wealth of ideas, and weave together a plan for implementation that will make a difference in the world. Steve Jobs, for example, probably gets millions of ideas from his friends, but he seems able to focus a few of these into initiatives that show real innovation.

1 comment:

  1. Hard-work is also an important characteristic of a great entrepreneur. Entrepreneurs like Richard Branson, Steve Jobs or Yuri Mintskovsky worked hard and in this way they succeeded in their careers. They are good role models for us!