Ideas in an of themselves have no value. It is only through execution that an idea becomes something. But you know that already, don’t you?
Here’s something that you may not know…the remarkable idea you have for a business? It’s probably not going to work. At least not in exactly the way you have imagined it. Five years from now, we predict the successful venture you will have then will have little resemblance to the shiny idea you have now.
Discouraged? Don’t be. Most businesses that you know and love today started out as something entirely different when they were founded. HP? They made bowling alley foul indicators. Apple? They made a computer kit that sold for $666. 3M? They started as a mine that failed. Warren Buffet’s Berkshire Hathaway was a failed shirt manufacturer. So not having it all figured out in the beginning is not a fatal flaw.
Here is the bottom line…
A start up is nothing more than a mad dash to find a viable business model before the money runs out.
You will zig and zag alot before you find the profitable path that takes you from where you are to where you want to be.
Final question…if you are on a money hunt to fund your idea, wouldn’t it make sense to seek capital from someone understands exactly what a startup is?