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Wednesday, June 5, 2013

365QOD - Day852

" Great entrepreneurship is in the execution.  Rare does the initial idea dictate the outcome- perhaps never.  Success is about the thousands of ideas and decisions that are made along the way and the speed at which those insights are implemented according to customer needs and feedback." - Eric Paley

While reading an Inc. article by Eric I immediately saw the wisdom being offered.  It is about executing and getting feedback from your customers.

Unfortunately, we trend to live yo generate solutions for needs that are at best wants or non existent.  Eric urges entrepreneurs to:
"focus more on falling in love with the problems that want to solve rather than their initial ideas.  As founders dig deeply into that original hypothesis, they well learn, adapt, hit walls, adapt again, and build critical expertise that they never considered when starting out."

This is the main idea of my first book, The Result. It is not about the single idea.  It is not about the single moment that you generated it.  The process is very iterative and adaptive.  Eric advises to see the process as:  " Great entrepreneurs build their success over time, not in a single moment.  Ideas are static. Entrepreneurship is dynamic. "

Today's question is:
" Can you dynamically iterate and adapt your idea ?"

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