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Post by brichoux on Sept 2, 2013 15:34:55 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea
Ideas and opportunities may be looked at as one in the same, but they are not. An idea is simply a thought, and then it takes an opportunity for that idea to be carried out. There are many people with lots of ideas but never take the step to turn that idea into something more. Action supersedes everything, and there is nothing to hang on to with an idea. What would tell people, "I used to have the best ideas!" That wouldn't mean anything without proof, and that proof is created by an opportunity.
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Post by boris on Sept 2, 2013 21:01:46 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea And An Opportunity
Everybody has great ideas, but it takes someone with the determination of making the idea work to turn it into an opportunity. This is where entrepreneurs are best at. Entrepreneurs can determine which idea can turn into the best outcome. It is also possible that the idea needs to wait for a specific time to be out, so putting the right idea out at the right time is also crucial for the best opportunity. Occasionally it does not have to be a great idea, but if you are dedicated and wiling to make the idea work, it can turn into something great.
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Post by lana.guay on Sept 3, 2013 9:11:13 GMT -6
It takes risk and guts to put an idea into action. One never knows if it will be a big success or a big failure and that is the scary part about opportunities. No one wants to feel as though they have failed. However, taking an opportunity is possibly the only way for great things to happen.
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Post by katiesnyder on Sept 3, 2013 9:49:26 GMT -6
Instant MBA: Pandora Founder Says You Should Know The Difference Between An Idea And An Opportunity This article talks about entrepreneurs and explains how people have ideas but don’t do anything about them. Anyone can come up with an idea, but it’s whether or not people want to take risk and continue with their idea sets him or her apart from everyone else. A good entrepreneur takes risks and puts him or herself out there to get their product noticed. Granted entrepreneur is a risky business, but if people don’t take risk they wont get anywhere in life.
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Post by beccabourgeois on Sept 3, 2013 13:27:26 GMT -6
I absolutely love the quote in this article that says, "It's also true that some of the greatest opportunities were ideas that at the time didn't really seem like good ideas. And I think entrepreneurs are the folks who are willing to take a chance and find out." I hope one day to be one of those entrepreneurs who are brave enough to find out if the opportunities that arise end up being good ideas. The difference between opportunity and an idea is the action you take to execute it. Knowing the difference between these two are crucial in business. You should always take advantage of opportunities no matter what the risk could be.
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Post by Holland Bussell on Sept 3, 2013 15:20:19 GMT -6
"The difference between opportunity and an idea is execution and action; you merely think of ideas, but you take opportunities." This one quote from Tim Westergren sums up the entire article. Some of the most exceptional businessmen and woman today are those who have the ability to differentiate between what an idea and opportunity are. They additionally have the ability to turn that idea into an opportunity. Like the article mentioned it is a vital success to any business and a very important concept for all of us to know.
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Post by brentgruber on Sept 3, 2013 17:19:27 GMT -6
I think the article presents the fact that while you may have an idea it might not be the best option unless paired with opportunity. Unless you have an opportunity to act upon your idea it may not be worth while. If you do not act wisely the idea could become a dead end and not worth the time and effort you may be willing to put into it.
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Post by katiebourgeois on Sept 4, 2013 7:17:35 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know the Difference Between An Idea And An Opportunity
I never really thought about ideas and opportunities in this way before, but I do agree with Westergren's thoughts. I am sure many people have had ideas about what they wanted to do, but never acted upon it. Good entrepreneurs are the ones that go after those ideas and make their own opportunities. Some ideas will fail and seem like a waste, but some ideas will create opportunities for people and will end up very successful. Without believing in and trying your ideas, they will never become that opportunity for greatness.
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Post by trey on Sept 5, 2013 9:58:42 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea And An Opportunity
What if every idea was not followed by opportunity. Mark Zuckerberg did not think that a social media site would be cool and that was the end of it. Think of all the connections whether it be social or business oriented that would not be possible without a site like facebook. Innovators and entrepreneurs are those that think the risk of failing is not nearly as great as the risk of not trying at all.
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Post by zekesonnier on Sept 5, 2013 10:40:58 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea
All innovative products and services start off with an idea. Westergren is saying it takes an entrepreneur to act on the idea transforming it into an opportunity, this is a valid point. Ideas will simply stay as an idea until someone interprets the opportunity in it and devises a plan to make it happen. Taking that risk is what may hinder people but can create great rewards.
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Post by dradecker on Sept 5, 2013 10:50:49 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea And An Opportunity
Westergren hits the definition of an entrepreneur right on the head. Its perfect if you think about it. Entreprenuers make opportunities for themselves. If they have an idea, it doesn't matter if anyone else likes it or not. If they are confident in that idea they are willing to take the risk. This is something I think a lot of people are afraid to do. People are afraid of failure and that is not a good thing. Especially in this fast-paced world we live in. "With great risk comes great reward."
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Post by w0384905 on Sept 5, 2013 11:03:04 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea
An idea is something that you think of and an opportunity is something that you take. Knowing the difference between these two things will help you with your success. People get confused with opportunities and ideas all the time. Thinking an idea is an opportunity and this can hurt them if trying to capitalize. Ideas are things that we think of and opportunity is going you capitalize on for achievement.
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Post by billyg on Sept 5, 2013 12:17:22 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea And An Opportunity
Knowing the difference between an idea and an opportunity is something every one should know. Ideas lead to opportunities but only if one can recognize that opportunity. Not only can ideas lead to opportunities which are waiting, but ideas that are deeply believed in can allow once to create their own opportunities. These people are usually considered entrepreneurs and they are the ones who are willing to take chances on ideas simply because of the opportunities. Personally, I have lacked any drive to take chances on ideas in the past. Only recently(within 5 years), have really started to think about my ideas and the opportunities they could present. My focus on many ideas with broad opportunities is something I am proud of. This article definitely boosts my motivation to focus on more ideas with more opportunities.
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Post by kformaggio on Sept 5, 2013 17:25:03 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea
Westergren points out that opportunities spawn from good ideas. Whether it be good or bad, anyone can have an idea. It takes an entrepreneur, a leader to take this idea to the next step and organize it, improve upon it, and create an opportunity from it. According to a popular saying 'Luck is when preparation meets opportunity.' According to Westergren, a leader takes action and cultivates ideas into tangible dreams; entrepreneurs make their own luck by preparing themselves to turn ideas into opportunities.
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Post by natjohnson90 on Sept 6, 2013 11:26:21 GMT -6
The article explains that an opportunity comes from an idea, which you can make into an opportunity(ies). When people or employees of a company comes up with ideas in a meeting, it is good to recognizes the one which have opportunity. This can bring left to your company as a whole. Ideas are a good thing to use in companies and organizations. Good article.
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