What's the Big Idea?

What lie's in an idea?

An idea may arise from one's observation in a gap or opportunity or it could just be wanting to work on one's passion and interest.

Having a vision and idea is mostly the fun part. Dreaming is free and I do recommend everyone to fantasize.

After which, reality sets in and the question is "What's Next?"

An idea is an idea, a dream is a dream. Realizing one's dream can only happen when one enacts on the idea.

This brings me back to my previous post which I ended on the note " Are you willing to pay the price?"

A simple expression of the price one has to pay is as follow:

Applied and Implied Value of success 

less

All tangible and intangible costs 

equals

Personal Entity Value 

All well and simple it seems.

The devil lies in the details.

We need to ask ourselves the favourite 4W 1H model.

Who What When Why How

After answering a whole slew of questions which would take you from conceptualization to execution, you would get a better idea of all cost involved as well as potential gains that you can get.

At this point, if you think that its worth your time, you will embark on developing the idea. If you are unconvinced, you usually will not and I urge you not to.

Only 5% to 10% of businesses succeed. Reality is harsh and uncompromising.

The path of entrepreneurship is one that needs a lot of passion and belief in it. The odds of success are low if you are unconvinced as the chief proponent.

One must pay the price of personal time, money, standing up to naysayers, opportunity costs as well as unfathomable challenges which can arise in any like or form.

Are you willing to pay the price?

Entrepreneurship

Moving on from a post that is possibly a decade too late, I would like to address the topic close to my heart, entrepreneurship.

Entrepreneurship is the very act of creating a formal structure with the premise of creating value through the allocation of resources with economic reward being the outcome of success.

Creating a business has been something which has captivated me for a long time. I enjoy conceptualizing new ideas, find solutions to problems and my biggest bug bear is redundant processes. Simply put, inefficiencies.

Whilst driving, it is imperative that I drive by the shortest possible route to avoid the jam. Whilst on my stint at Barclays Capital, shortcut keys on excel were my best friend in ensuring that I reduced the time lost moving my hand between the keyboard and mouse. If each shortcut saves at least 5 seconds ( the time which one moves from the keyboard to the mouse, then finding the right function), 100 actions result in saving of around 8 minutes a day and about 2083 minutes in a work year. That's about almost 1.5 days over the work year!

Don't get me wrong. I am not a speed freak! I am someone that is able to enjoy my carefully cooked scrambled eggs which is the result of the right technique of stirring, heat control and optimal proportion of salt, cream and cheese. I will slow cook my beef overnight just to ensure the meat is succulent with the right texture and maximum taste.

Cooking is something close to my heart; hence my analogies will revolve around it.

Like the best recipes, entrepreneurship needs the right mix of ingredients; temperament, foresight, skill sets, tenacity and luck.

Even with the right mix, the "value" that we create is  left circumspect to popular opinion which may not always be directly correlated to the "best" idea or one which has the best outcome.

Most importantly, the biggest question is still "Are you willing to pay the price?"

Hello World!

This is my inaugural attempt to write a blog. It is laughable that the world has moved on from html, coldfusion, xml to what's not and here I am; attempting to post a blog.

From my understanding from friends in computing, hello world is one of the first steps that one make as a programmer.. Not that I am.. but I think it is an appropriate association.

HELLO WORLD!