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?