Something just clicked for me today while reading posts about bootstrapping startups (starting from here), that startups are businesses and businesses are supposed to make money. Ideas are like ammunition. You need to execute the ideas to get value, where each one can provide you with a slice of the market. However, having more ammunition doesn't mean you win the war. These ideas are supposed to be like resources that a company has to go from one profitable business to another. This sounds blindingly obvious, but there has always been this misconception in the back of my mind that startups are there to prove whether an idea is good or not. This post is just a self-reminder that the business comes first, ideas have no value on their own.
[of course... we'll see about all this when I actually start my first startup]
1 comment:
The statement that ideas have no value is something that isn't really held in the US. Ideas are valued in their ability to earn revenue (thus patent laws). However, a statement that ideas don't automatically equate to money is true. There are so many factors to the success of a business and it can be dangerous to have a narrow business perspective.
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