I’ve just finished “The myths of innovation book by Scott Berkun, it’s well written book, what I want to share with you. Author made great research about innovation, and categorize myths about innovation. In most cases this myths are used to excuse ourself, that we don’t try to make innovation.
Everyone should read this book, don’t wait, buy or borrow and read this book. If someday you have idea, just start making it. If you find excuse for this idea, check if this excuse is not one of those myths. The myths:
- The myth of epiphany
- We understand the history of innovation
- There is a method for innovation
- People love new ideas
- The lone inventor
- Good ideas are hard to find
- Your boss knows more about innovation than you
- The best idea win
- Problems and solutions
- Innovation is always good
One supplement for this is Derek Sivers post. He provides very easy equation.
Successful Business = Idea x Execution
Where idea is valued as:
- AWFUL IDEA
- -1
- WEAK IDEA
- 1
- SO-SO IDEA
- 5
- GOOD IDEA
- 10
- GREAT IDEA
- 15
- BRILLIANT IDEA
- 20
and execution as:
- 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
Too summarize that I will provide one of my favorite quote:
“Try not. Do, or do not. There is no try”
I hope that this post helps somebody.
Nowadays, you must be super creative to have a good business idea that works.””
it is easy to get Business ideas, just look for a product or service that has demand and fill it-.-
I totally agree with Eli, of course the process is similar for puzzle solving, once you know the answer it is easy, and you just think “how I was stupid to not seeing that”. So if you think about PageRank – it is just so obvious :>, that’s the reason why execution is so important!!!
i ran out of business ideas, but i mostly invest on stuffs related to food and real estate,’,