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Being a Successful Entrepreneur Isn’t Only About Having the Best Ideas

Being a Successful Entrepreneur Isn’t Only About Having the Best Ideas

Being a successful entrepreneur is just as much about being able to execute an idea, as it is to come up with a big idea. If you can’t take the idea and turn it into something viable, then the business is doomed to fail. The most important step to take to go from idea to execution, is to recognize the challenges. It can be hard to think about flaws, but in order to be successful you have to recognize them.

Key Takeaways:

  • An entrepreneur has to have a big idea that people want, need, and that is scalable.
  • Nobody likes to admit to flaws, but in order to improve on those flaws, you have to recognize them.
  • There isn’t a one size fits all strategy that will help everybody to go outside of their comfort zones.

“But what I’ve found from interviewing multiple entrepreneurs who focus on consulting, the internet, and software development is that without the capacity to execute an idea — to take an idea and turn it into a living, breathing, viable organization — you’re doomed to fail.”

Read more: https://hbr.org/2016/08/being-a-successful-entrepreneur-isnt-only-about-having-the-best-ideas

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  3. Increase Your Profit Margin in Business
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