SixDisciplines:

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.

Small Business Management skills can be helpful in this area.

Related posts:

1. Execution Is More Important Than the Idea
2. The Business Idea is the Easy Part
3. Why Most New Business Ideas are (almost) Useless

This entry was posted on Wednesday, November 15th, 2006 at 3:44 pm and is filed under Small Biz Management. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.