It’s so funny when I hear people being so protective of ideas. (People who want me to sign an NDA to tell me the simplest idea.)
To me, ideas are worth nothing unless executed. They are just a multiplier. Execution is worth millions.
|BAD IDEA||= -1|
|WEAK IDEA||= 1|
|SO-SO IDEA||= 5|
|GOOD IDEA||= 10|
|GREAT IDEA||= 15|
|BRILLIANT IDEA||= 20|
|NO EXECUTION||= R1|
|WEAK EXECUTION||= R1000|
|SO-SO EXECUTION||= R10,000|
|GOOD EXECUTION||= R100,000|
|GREAT EXECUTION||= R1,000,000|
|BRILLIANT EXECUTION||= R10,000,000|
To make a business, you need to multiply the two.
The most brilliant idea, with no execution, is worth R20.
The most brilliant idea takes great execution to be worth R20,000,000.
That’s why I don’t want to hear people’s ideas.
I’m not interested until I see their execution.
I cannot count the number of ideas that I had and let go only to find that someone else had the same idea and ran with it making lots of money.
Ideas are the easy part, they are half of the equation, execution is what complete it.