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Post by amberw on Jul 8, 2013 15:44:57 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea And An Opportunity
I agree with this article. Ideas and opportunities are a lot alike, the difference is who is willing to approach the ideas. Many people might have an idea but never do anything with it because it's just an idea. But one day someone will come along and make that idea a very successful thing all because that one person never acted on it. You must be willing to take chances in life and be the entrepreneur and not just wait on opportunities because they might not ever come.
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Post by lydell on Jul 16, 2013 20:04:17 GMT -6
There is no telling how many people have thought of ideas but didn't act on that idea, and then someone else came behind and made it a reality.I would love to be an entrepreneur but I'm scared of failing. My opinion is you can have an idea but it takes available opportunities to put and idea to work. For example have this idea to start this non profit organization where I can help young children create and achieve dreams and goals.
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Post by lydell on Jul 16, 2013 20:08:13 GMT -6
I do agree that entrepreneurs should be able to differentiate the difference between an idea and an opportunity, but I don’t think that is the number one quality that defines them.Many people might have an idea but never do anything with it because it's just an idea. But one day someone will come along and make that idea a very successful thing all because that one person never acted on it.I am primed for growth and ready for expansion, and a big key to that was ignoring the protestations of a successful businessman who really didn't know the industry
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Post by briandavis1 on Jul 22, 2013 18:55:48 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea And An Opportunity This article hit it on the head. An idea is not just enough to become something great. In order for that idea to be a great idea you need to execute it properly. I do not believe just because you are presented a great opportunity that you will succeed. Becasue is oppertunity ment success their would be no ideas that need to be executed.
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Post by grober86 on Jul 22, 2013 21:37:07 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know the Difference Between An Idea And An Opportunity
The article made sense when it said there is a difference in ideas and opportunity. Anyone can have ideas, but an entrepreneur is a person who takes those ideas and turns them into business or opportunities. Entrepreneurs take on lots of risks when exploring an opportunity and when it turns into a great one they receive high rewards.
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Post by csummers on Jul 22, 2013 22:12:13 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea And An Opportunity
Westergren had an interesting thought about the difference between an idea and an opportunity. In my mind, he is right about an idea being something thought up, and an opportunity is acting on an idea. But as I read in other students’ writings, I agreed with them that an idea can turn into an opportunity, but not if forced. The timing has to be right for an idea to become an opportunity. If someone without a load of capital tries to force an idea on the buying public, it may cost them more than the invested capital.
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Post by meganbahm91 on Jul 25, 2013 9:30:47 GMT -6
Every idea is not an opportunity, every opportunity is not an idea. An idea is just thinking. Opportunity is acting on your idea. If you just think of an idea and do not take action, how is it suppose to take shape?
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Post by cmbrogan on Jul 25, 2013 10:59:07 GMT -6
INSTANT MBA: If You Want Your Business To Grow, You Have To Travel
If you want your business to grow, you have to travel is contingent upon what type of business you are growing and what you are trying to achieve. If you are trying to grow internationally, I think it would help to have visited the area you are trying to grow into in order to know the cuture and atmosphere better by having a first hand experince. However, I do not believe that you HAVE to travel. I think there are ways to grow companies just as efficiently and effectively without traveling to every single area you wish to expand to. Would it be easier if you had traveled there? Sure. But I do not think it is a necessity.
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Post by ahrield on Jul 25, 2013 13:20:50 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea And An Opportunity
This article talks about taking opportunities that come your way and doing something with them. In business you should take every opportunity that you can to help benefit your business. A good entrepreneur who is really dedicated can turn an idea into an opportunity. Which is what this article is all about.
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Post by brianbrewer on Jul 25, 2013 18:14:23 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea And An Opportunity
I find this assessment of entrepreneurs in this article to be accurate and very interesting. New ideas frequently occur, but in order for that idea become a successful business development, it is necessary to have an entrepreneur. Without a person with entrepreneurial qualities, an idea is just that: an idea. It is very important to have someone who is willing to take the risk and pursue the idea to its utmost potential.
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Post by tylerstroble on Jul 29, 2013 3:05:45 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea
Ideas and opportunities are connected to each other. You need to be willing to act on a good idea. That is the only way that it will materialize into an opportunity. Great ideas can quickly become great opportunities when you are willing and able to take action.
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Post by robertnicholson on Jul 29, 2013 11:29:19 GMT -6
I agree with this post, about how it says "The difference between an idea and an opportunity is what really defines entrepreneurship. I think entrepreneurs are people who are gamed to jump in and see if there's a connection, if an idea is indeed an opportunity." What they don’t say directly but I feel it is implied is that to be an entrepreneur you also can’t be afraid of failure and let it affect your judgments. Many failures are common before success. However knowing when and when not to accept failure can be a huge asset.
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Post by tdodge21 on Jul 30, 2013 10:43:08 GMT -6
I love this article in that it makes me put more emphasis on my ideas. An idea could lead to an opportunity. This article causes me to see why entrepreneurs are success and that is the fact that they believed in an idea and made it an opportunity. If I can turn some of my ideas into opportunities then the sky is the limit. An opportunity is just an old idea that had wheels put on it.
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Post by heatherlaurent on Aug 28, 2013 14:29:51 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea And An Opportunity
Nothing in business and in life is certain. There are two types of people: conservative and outgoing. Any person is able to think of an idea. But not everyone is willing to take the risk of the idea possibly failing. A conservative person would think of an idea, but not act. An outgoing person would act on the idea, which is what entrepreneurs do. Some of the most successful companies were built from a person willing to act on an idea and take the risk. For example, Steve Jobs of Apple. He took the risk of building a computer and the company evolved because of innovation.
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Post by chrmichall on Aug 31, 2013 7:49:52 GMT -6
Iant Mba:Pandora Founder Says You Should Know The Difference Between An Idea And An Opportunity
In this link the founder of Pandora talks about taking a risk on a good idea. Entrepreneurs take a lot of risk and the ones that follow through come on top. It is a very tedious, but the reward is very lucrative. You must have confidence in that what you are trying to sell. This idea that can turn into a opportunity can be a very profitable.
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