5 Ways to Screw Up a Good Business Idea
From Don the Idea Guy:
1. Flies The Coop: You don’t write down the details of the idea, and it slips from your memory.
2. Failure to Launch: You’ve captured the idea, but do absolutely nothing with it.
3. Fear of Loss: You’re not doing anything with the idea, but you’ll be damned if you’re gonna share the concept with anyone else for fear THEY will actually DO something with it.
4. Faulty Follow-Through: You actually make a concerted effort at putting the idea into action — but then you abandon it, half-finished.
5. Fades Away: The idea has been back-burnered for so long that its ‘born-on date’ has expired. The once fresh concept has gone bad — it’s spoiled. Your opportunity to profit from your creative idea has been spoiled by your lack of initiative. Others who may have had the same (or similar) thought put it into action and are reaping the rewards of their hard work while you’re just a little older and (hopefully!) a little wiser.
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