So you got a Business Idea…

by Tony Chung on June 7, 2010

I’m not a fan of people who sit around and slack. Moreso, I dislike people who talk about business this, idea that, but don’t actually take action on anything. Most of ALL, I can’t STAND people who make a big deal about concealing their ideas for fear of someone stealing their grand, amazing, life-changing, phenomenal idea and running with it. Grow up.

Below is a genius quote by entrepreneur and CDBaby creator Derek Sivers, enjoy:


It’s so funny when I hear people being so protective of ideas. (People who want me to sign an NDA to tell me the simplest idea.)

To me, ideas are worth nothing unless executed. They are just a multiplier. Execution is worth millions.

Explanation:

AWFUL IDEA = -1
WEAK IDEA = 1
SO-SO IDEA = 5
GOOD IDEA = 10
GREAT IDEA = 15
BRILLIANT IDEA = 20

NO EXECUTION = $1
WEAK EXECUTION = $1000
SO-SO EXECUTION = $10,000
GOOD EXECUTION = $100,000
GREAT EXECUTION = $1,000,000
BRILLIANT EXECUTION = $10,000,000

To make a business, you need to multiply the two.
The most brilliant idea, with no execution, is worth $20.
The most brilliant idea takes great execution to be worth $20,000,000.
That’s why I don’t want to hear people’s ideas.
I’m not interested until I see their execution.


Bottom line: Do your homework. Make sure your idea is legit. Do the work to execute the idea. Make it happen. Most importantly, stop talking or being overprotective.

Nike said it best: Just do it :)

{ 2 comments… read them below or add one }

wei August 10, 2010 at 2:56 pm

I'm starting a business here in Cali so it was great to see this post.

Really happy for you and Cool Silly!!

wei August 10, 2010 at 6:56 pm

I'm starting a business here in Cali so it was great to see this post.

Really happy for you and Cool Silly!!

Leave a Comment

{ 2 trackbacks }

Previous post:

Next post: