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October 16, 2004
It's All Execution

Ryan Allis, the 19 year old entrepreneur extraordinaire, wrote a great, quck article on the execution of ideas. As someone who's always been more of an ideator than an excutor (but, I did start a business at 13 that I ran until 21, so there's a little execution in my past...) I can attest to Ryan's point of view that it's all in the execution.

"In 1967, an angel investor, Fred Adler, received over 50 business plans for entrepreneurs who proposed to start microcomputer firms. Only one of the teams presenting this idea ever made it. Its name was Data General. But why did so many entrepreneurs pitching a plan to sell microcomputers either never receive funding or if they were funded, never succeed?

They didn’t make it not because the idea was per se bad or didn’t have the potential to be a good opportunity. It was a great idea and enormous opportunity. Rather, it was because the other entrepreneurial teams were unable to execute."


See also: Business Idea & Opportunity Evalution

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