Thread: Do you need passion or a good idea to get rich?
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mkzhang
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Default Re: Do you need passion or a good idea to get rich?
Old Nov 22nd, 2009, 12:06 AM   #4 (permalink)

Quote:
Originally Posted by djs13 View Post
I think a "good idea" is way overrated. When it comes to companies like Paypal, Twitter and Myspace - innovation was key. But even Myspace wasn't the original social networking concept.

I'm more interested in having an idea for a business, that just a good idea. For example, there are energy companies - and then there are oil companies. Energy companies can expand and adapt to new economic climates, where as oil's sole idea is to produce and sell oil.

I've been looking at ventures in a new light after alot of research. I'm trying not to emphasize on coming up with the first of something or having a "million dollar idea." Henry Ford didn't invent the automobile, Jimi Hendrix didn't make the guitar, and Michael Dell came after the personal computer. Yet all of these men set the bar in their respected field - without coming up with the original "idea."
You will be surprised what some of those oil companies do behind the scenes... you will be very surprised.

I realized that lately the world is layered in many interesting ways.... just like some how oil companies are major players in green energy, a lot of the green energy start ups' revenue streams come from oil companies.

Ultimately ideas are a bit overrated, but a stale one would definitely be a lot harder to work with