Story # 123, O T,
Where do good ideas come from?
When a new product or service shows up, the common reaction is one of two things --- A. Why didn’t I think of that? or B. I had that idea years ago.
I’ve said before that there are only two parts to work ---- deciding what to do and doing it. But what to do?
SethGodin has the answer to “Where do good ideas come from?” They come from bad ideas. Try many things and improve the ones that work.
JamesAltucher gives out advice freely and you can latch on to anything you like. One of his recommended tricks is to write down 20 ideas a day ---- Good or bad. At the end of a year you would have thousands of ideas collected. Maybe there are some good ones worth trying among them.
SteveBlank teaches how to run a start-up business. His simple revelation is that a start-up in not a small version of a big business. He preaches that you must get out of the building and ask customers about your product to see if it is what they really want.
Humans are very poor at predicting the future. That’s why nobody can pick the business ideas that will work. Apparently, smart venture capitalists bet on losing ideas every day and hope the few winners compensate for the losses.
The only thing that we know for sure is that ideas are a ‘dime a dozen’ and only execution can prove them right or wrong.