Questionable reasons to become an entrepreneur #4 – I have a great idea

Questionable reasons to become an entrepreneur #4 – I have a great idea

By Rajesh Setty on Sat 22 Dec 2007, 7:25 AM – 3 Comments

On a lighter note, the only time to become an entrepreneur because “you have a great idea” is when you are sure that God personally sent you that idea with only your name put on it.

Many times you may feel that you have a “really good idea” and it is worth betting your farm on it and start a company. However, chances are that MANY other people in the world may have the same “really good idea” at the same time you had it.

A good idea is golden but that is only a starting point. A good idea is necessary but not sufficient to succeed. Without one, you may be at risk of a premature death. But with one, there is no guarantee of success.

When you have a great idea, the questions to ask yourself is

1. Now that I have this great idea, do I have the right configuration to execute and make this dream a reality?”

2. Can I convince the marketplace that I can make this happen?

When you look at what it takes to put together a configuration that can execute on an idea, you will see that in most cases, coming up with the idea is the easy part.

Next time when you pitch your cool idea and get turned down, think and see if it was THE IDEA that was turned down or whether it was their assessment that YOUR ABILITY TO EXECUTE on that idea that was turned down.

Wish you all Happy Holidays and the very best with your pursuits.


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3 Comments so far, Add Yours

Sumanth Krishna  on December 26th, 2007

Hi Rajesh,

Great series of posts, just to add some more points to evaluate Idea…

Rajesh Setty  on December 27th, 2007

It’s a wonderful article. Thanks for the link Sumanth.



Jimmy  on June 29th, 2009

It’s a simple article that show useful meaning. It remind me the person who turn my idea down, telling me that my idea not gonna works, laugh at me, and call me crazy.

This article answered what hide in my mind, and it helps me to pin point my start point towards my success of my great idea.

With an idea you will make the changes. The world is spinning. Dear fellows with idea, why are you waiting for?

Keep it up Rajesh.

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