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Post by banessau on Sept 6, 2013 16:32:12 GMT -6
Pandora Founder Says You Should Know The Difference Between and Idea and an Opportunity
This article really is eye opening because it truly distinguishes opportunity and idea from each other. For entrepreneurs it is important to have and idea because they are known, some of them, as innovators. Most, however, take opportunities. I love the part of the article where it says that making an idea happen is a risk entrepreneurs take because it shows courage and that they aren't scared of new things.
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Post by sbardwell on Sept 7, 2013 13:56:19 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea
If ideas equaled opportunities most of us would be millionaires. I have had ideas, and then several years later I saw my idea on the shelf at Wal-mart. It takes a special person to see the value of an idea and make a move on it. Entrepreneurs know how to make an idea into an opportunity. An entrepreneur sets himself apart from the everyday person by recognizing the potential of an idea and works hard to make it work, surely failing a few times along the way. This idea rolls back to hard work and moving forward. What do you do with your ideas? Do you write them down, research them, or check the marketability? It is exciting to know that any idea within our heads can propel us forward in life, but only if we act on them.
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Post by tevinrapp7 on Sept 7, 2013 19:39:22 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea
In this article it talks about every idea being brought up rather then let down. In a business a good idea and bad idea needs to be brought up even if the idea doesn't make any sense to you it might make sense to someone else or in the future for the company. Its all about taking a chance, even if the idea fails you can always build on it or try a different way of doing things. Ideas are important and shouldn't be ignored.
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Post by stephaniemeyer on Sept 8, 2013 7:17:02 GMT -6
The difference between opportunity and an idea is execution and action; you merely think of ideas, but you take opportunities. Understanding the difference is vital for success, in business and in life.
This is my favorite quote from the article! How true it is. We all know individuals who have wonderful ideas but who, for whatever reason, don't ever try to act on those ideas. These are usually the ones who feel that "life" has handed them lemons and/or the ones who blame others for their struggles. We will never reach our full potential if we don't take action and CREATE our own opportunities and successes. This is important to realize both in the business world and in life!
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Post by bneedham on Sept 8, 2013 19:14:02 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea And An Opportunity
I don't think that every idea is meant to be an opportunity. An entrepreneur can take an idea and try to make an opportunity out of it but if it wasn't a well thought out idea then it probably won't be a success. I think it is important to have a business plan before trying to create an opportunity out of an idea. If you can't make a plan, then I would say your chances of it being a successful opportunity greatly decreases.
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Post by dipanjali1 on Sept 8, 2013 19:46:46 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea
This article is a very helpful read. It is common to think that ideas and opportunities are same thing. But, in fact those two terms have different weights. While idea is merely any concept that comes to your mind, opportunity is the step ahead of that. Opportunity is when you realize the idea generated can be productive and suitable for the company. When you execute any idea, that becomes opportunity. Businesses come up with numerous ideas each day while they try only few. The key thing here is to analyze how productive the idea is and how successful the business will be after its execution.
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Post by bgoree13 on Sept 8, 2013 21:19:10 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea And An Opportunity This article makes perfect sense because with an idea you can then take an opportunity to successfully put that idea into action. If you have an idea, you should share it with different people that you know can make that idea happen. You never when you will be given the opportunity to discuss your idea.
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Post by cory on Sept 9, 2013 8:49:55 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea And An Opportunity
In this article, the author explains the difference between an idea and an opportunity. I agree with his definitions. The difference between the two is how they are executed. You can have a great idea, but if it is not executed properly, it will not become an opportunity for a successful business. You must however, start with a good idea before you can have an opportunity, You can spend all your effort on making a bad idea turn into an opportunity, and still fail. You must do your research before you try to make an idea a reality. What works in one area may not work in another, so you must find the best place to make your good idea turn into a successful opportunity.
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Post by arielberthelot on Sept 9, 2013 13:22:00 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between an Idea and an Opportunity
This article is very true in the sense that all ideas could possibly be opportunities, but it depends on how you follow through with the idea. Some people have ideas that they consider horrible ideas, but other follow through with the idea and it becomes a great opportunity. My dad owns an alligator farm and has plenty of ideas, but he doesn't act on all of them. If you don't act on an idea then you will never be able to know if it was a good opportunity or not
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Post by leetaranto on Sept 9, 2013 17:55:40 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea And An Opportunity
There is a difference between an idea and opportunity when it comes to business. The key difference is putting The idea into effect which is the opportunity to gain. One can come up with as many ideas as he or she wants but without putting them into affect it just stays an idea. People in business are always turning ideas into opportunities and this is where entrepreneurship takes place. Without ideas and opportunities business people would not have anything to gain. This could help one in the future by letting one know the key difference between an idea and putting that idea into the real world.
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Post by kathrynprieto on Sept 9, 2013 21:03:52 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea And An Opportunity
For entrepreneurs, ideas and opportunity are both necessary to have a successful business. Someone may have a great idea, but no opportunity to implement it. Or, there may just not be a demand for their idea and no opportunity to succeed exists in the present market. Being an entrepreneur takes a lot of initiative to create your own opportunities as well, to get yourself out there, take risks, and be proactive.
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Post by tyancey on Sept 10, 2013 9:37:04 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea And An Opportunity
This article explains the difference between an idea and an opportunity. An idea is just a thought that you come up with when an opportunity is when you actually put an idea into action. It is crucial that business men and women understand the difference between and idea and an opportunity. To be successful in business you need to be able to spot an opportunity and be able to take advantage of it. An idea is no good if you do not know how to turn it into an opportunity. Without the opportunity an idea is just an idea.
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Post by brittanyfury on Sept 10, 2013 9:53:21 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea And An Opportunity
Entrepreneurs are generally good at distinguishing an idea from an opportunity. The main difference between ideas and opportunities is execution and action. Entrepreneurs usually create their own opportunities by following their ideas. If you are passionate and strongly believe in your ideas, then you can create opportunities to act on those ideas. However, ideas do not always come before opportunities. Taking an opportunity can lead to great ideas that you wouldn't have thought of otherwise. While these terms go hand-in-hand, they are quite different and knowing the difference can be detrimental to the success of a business.
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Post by jameciadavis on Sept 10, 2013 10:10:20 GMT -6
I agree that The difference between opportunity and an idea is execution and action. I believe that anyone that has a great idea should do what they feel is necessary to put it into action. Entrepreneurs that go after ideas they strongly believe in are likely to create their own opportunities. I think that most entrepreneurs are good at recognizing a great idea from an opportunity. Some opportunities are created by having an idea.
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Post by christiebrown on Sept 10, 2013 12:38:03 GMT -6
Knowing the difference between an opportunity and an idea is a very important thing to be able to do when dealing with business. A person might think that going through with a big deal would be a good opportunity, however that person might just have a certain idea of what good COULD come from that action, instead of actually weighing the options to determine that it would be an opportunity.
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