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Two great insight: > No business plan survives first contact with customers > The real value is finding the product/market fit. That’s not found in a set of
by factsaresacred 7y ago
Two great insight:
> No business plan survives first contact with customers
> The real value is finding the product/market fit. That’s not found in a set of slides.
Business ideas are useless. They're inert. It's like pointing at a random spot on a map and declaring "let's dig there for gold".
OK, let's.
A bias towards action is all that counts. And there's no stealing that. It's either innate or it's cultivated.
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Addendum: lifted (stolen?!) from one of the best quotes I've read on business ideas:
This isn’t rocket science and I’d never publicly discuss it if I were genuinely concerned that humanity was a species of action. It isn’t. I could guarantee most anyone a pot of gold ten miles from their house, hand them a map, order them a pizza and turn ‘Lost’ (or whatever the show is today) on TV for them. Whatdaya think, are they going to hike ten miles or eat pizza?
Yup. Instant gratification, bird in the hand, risk aversion, you name it. People won’t do SH%T.
So that’s where the opportunity is. Ignore the status quo, realize where the opportunity for arbitrage lies, and take action. It’s everywhere.
- pimmen 7y agoThat’s so true. Everyone has an idea, do you have the grit?
- bryanrasmussen 7y agoIf indeed the pot of gold is guaranteed, by which I don't mean a verbal guarantee, I think most people will go to get that gold. But if it is some sort of mad, mad, mad, mad world scenario https://en.wikipedia.org/wiki/It%27s_a_Mad,_Mad,_Mad,_Mad_World https://en.wikipedia.org/wiki/It%27s_a_Mad,_Mad,_Mad,_Mad_Wo... the smart person might be the one who took the free pizza.