alexlong
New Contributor
- Joined
- Oct 19, 2023
- Messages
- 5
Rep Bank
$65
$65
User Power: 60%
I've been reading a number of books in the entrepreneur world including Unscripted and Millionaire Fastlane , as well as talking to entrepreneurs I know, and the general perspective I'm developing is that coming up with good business ideas (and knowing they're good ideas) is just kind of a dark art that no one really understands or can reproduce consistently (even successful entrepreneurs). It's kind of like how top batters in baseball still miss two thirds of their swings. It seems like basically the only way to succeed at coming up with good ideas is just a combination of persistence, time, and luck.
The other aspect of being a successful entrepreneur is execution, and that does seem to be something that is much more clearly a skillset that can be developed. So now I'm thinking maybe the best approach as a budding entrepreneur would just be to pick basically any idea for a business I come up with and just try to build it out, expecting whole heartedly to fail, but just treating it a self-led education in executing an idea effectively. That way I'm focusing on the controllable in the equation, and in the mean time I will continue looking for ideas so that I'm still getting my lottery ticket chance at those persistence+time+luck quality ideas. Then when I do have a shot at a good idea, I'll have the skills to execute on it. Thoughts on this philosophy?
The other aspect of being a successful entrepreneur is execution, and that does seem to be something that is much more clearly a skillset that can be developed. So now I'm thinking maybe the best approach as a budding entrepreneur would just be to pick basically any idea for a business I come up with and just try to build it out, expecting whole heartedly to fail, but just treating it a self-led education in executing an idea effectively. That way I'm focusing on the controllable in the equation, and in the mean time I will continue looking for ideas so that I'm still getting my lottery ticket chance at those persistence+time+luck quality ideas. Then when I do have a shot at a good idea, I'll have the skills to execute on it. Thoughts on this philosophy?
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
