Now, today I want to challenge the assumed positive link and connection between a good business idea and a successful enterprise and the accompanying successful entrepreneur. I think I will do this successfully as I have very strong points on my side. In the process I’m going to make some dangerous statements and ask challenging questions. So, I advise you to tighten your belt right now. Ok? This notion needs to be set right because it has led thousands of people to proceed blindly into entrepreneurship, and later burn their fingers and blame themselves including other innocent bystanders. Of course we know that some successful businesses have come out of good business ideas, but even some apparently bad ideas and experiments have ended into good businesses.
There is this general thinking that when you have a good business idea then most likely you are on the way to becoming a successful entrepreneur running a successful enterprise. However, can a good business idea be automatically positively linked to successful entrepreneurship? Can we assume that if you have a good business idea then you should proceed to implement it? Are the two positively correlated? My candid answer is that a good business idea does not automatically translate into a successful enterprise. Likewise, having a good business idea does not make one an entrepreneur. Do you know why I say this? Read on and let’s consider seven reasons why I think having a good business idea doesn’t necessarily translate into a successful business, or make you a successful entrepreneur.
Now, I don’t want some of you to begin thinking that I’m being negative. Let me clarify it here. This article is not meant to discourage you from trying to translate your business ideas into an enterprise. It is simply meant to provide for your some caution so that you proceed with a solid foundation instead of overrating yourself and your ideas at your cost. Do you understand? Check and recheck! Those are my reasons why a good business idea is not an automatic successful enterprise. Interestingly, working around these reasons also provides the guidelines to assess your ideas and if required, start translating them into a successful business. I desire that you make good use of your ideas and succeed in business with the solid ideas.
I would advise you to read some related articles I did earlier, such as 9 Tips to make startups successful; critical thinking for an entrepreneur – Part 1, and possibly The fundamentals about the word entrepreneur that you must know.
The Wise Entrepreneur