Re: Do you need passion or a good idea to get rich?
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Nov 27th, 2009, 04:55 PM
#9 (permalink)
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Quote:
Originally Posted by stp
I have had passion in all my days of work but have yet to come up with an idea that will progress successfully. A GAP IN THE MARKET is a starter I guess, do something slightly different from the rest of the rat race, great marketing and business skills to squeeze out the competition and ride the wave to success (if only it was so easy!). Just this week I have come up with an idea which I can see being a winner, will keep you posted.
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This is a good start, but remember that some of the most successful companies just took something boring and made it cool again. The Virgin Group and Richard Branson have done this alot.
Next time you're doing something you love, and you say to yourself - "this could be better if they did this," grab a pen and paper and start brainstorming!
I also think entrepreneurs need to come to terms that they will most likely have to take on a company much larger than theirs, even if their idea is in a gap in the market. Richard Branson called this "picking on the big guy," and its almost inevitable for every company.