Ideas and execution
To accomplish anything which hasn't done before, a good idea itself is not enough. Below is a numeric formulation on this subject, given by Derek Sivers, president and programmer, CD Baby and HostBaby :
To me, ideas are worth nothing unless executed. They are just a multiplier.Execution is worth millions. Explanation:
- Awful idea = -1
- Weak idea = 1
- So-so idea = 5
- Good idea = 10
- Great idea = 15
- Brilliant idea = 20
- No execution = $1
- Weak execution = $1000
- So-so execution = $10,000
- Good execution = $100,000
- Great execution = $1,000,000
- Brilliant execution = $10,000,000
To make a business, you need to multiply the two. The most brilliant idea, with no execution, is worth $20. The most brilliant idea takes great execution to be worth $20,000,000. That's why I don't want to hear people's ideas. I'm not interested until I see their execution.
Labels: Life
posted by Life Records at 10/27/2006
6 Comments:
I invite you to visit my blog. Hope you like it!
7:06 PM
I'm not picking on you but, 20 x $10,000,000 = $200,000,000.
I also invite you to visit one of my blogs. I hope you like it too!!
http://pipieces.blogspot.com/
7:39 PM
Interesting thoughts. . . kind of sounds like Michael Dell or Bill Gates would've come up with those thoughts.
Ciao
5:24 AM
Hi, Mike,
here is number: Brilliant idea X Great execution = 20 X $1,000,000 =$20,000,000.
6:51 AM
I can apparently read numbers but not words. Words are such a bother.
12:07 PM
I have so-so ideas and no execution :(
I need to change!
8:43 PM
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