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Post by chadraziano504 on Sept 10, 2013 12:43:25 GMT -6
Instant MBA: Pandora Founder Says You Should Know The Difference Between An Idea And An Opportunity
I agree with the statement by Pandora's foounder and how the article talks about that an idea is only good if it is executed well. Alot of people have ideas but do not try an proceed with them and take the oppurtunity. I believe that is due to people being scared to fail. I can use this in my future to hopefully help when I am working for a company or myself, I will take action when I have an idea. I understand that all idea's are not going to be perfect and exact and that an idea might require some tweeking.
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Post by darrell2009 on Sept 10, 2013 21:03:36 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea This article is true, the only different that set them apart is action. We talking to someone about another person success or great idea they would say maybe, "oh I though of that a while back", if you did you should have that opportunity that was present to you and move on it. When you are talking to someone about maybe starting a new business you can alway know if you dealing with a true entrepreneur or someone who maybe want to start a business. Someone who is ready to move on the idea making sure everything they need is in place and taking that chance compared to someone who is agreeing with your idea but alway have that what if mind set scared to take that risk.
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Post by danielleolivier on Sept 11, 2013 9:40:44 GMT -6
Opportunities are ideas that had someone behind them who really believed in them and did all they could to execute it properly and turn it into an opportunity. An idea is just a thought but an opportunity is a thought that taken to the next level in an attempt to make something out of the idea. These ideas turned opportunities are the foundation for successful products, services, and businesses. It takes an entrepreneur with drive to take advantage of these opportunities and make something out of them.
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Post by blaircavalier on Sept 11, 2013 20:10:23 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea And An Opportunity
I agree that there is a complete difference between an idea and an opportunity. The difference between the two is taking that chance. Not many people are willing to take an idea and make it into something. They are not willing to accept the risk of failure, but for the individuals that are, they are entrepreneurs. It takes alot for someone to step out of their comfort zone and take on the risk of an idea to make it into something more. I can say from experience I am someone that is extremely scared of the risk. I do not like failure, but then again who does. This article has made me think about my own actions and how I should try to act more on my own ideas.
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Post by dorcas on Sept 12, 2013 10:17:38 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea I agree with the author, entrepreneurs are the people who take the extra step to implement the idea, the take the risk and put the idea into action. Many people do have the ideas but they can not take the risk to implement their ideas, the reward for the implementation is what makes the entrepreneurs successful and if their ideas were not good or poor strategy then it will be a loss instead.
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Post by wparker on Sept 13, 2013 12:56:44 GMT -6
"Pandora founder say your should know the difference between an idea"
I have many ideas and plans in my head, but as the article states "you merely think of ideas, but you take opportunities." By at least writing down all my ideas, I can start to formulate a plan to achieve this ideas and see them as a reality. Basically, I'll have taken these ideas and created my own opportunity with them. "It's also true that some of the greatest opportunities were ideas that at the time didn't really seem like good ideas." One example would be with Bill Gates and Windows. He had the idea of creating user friendly software, but at the time there wasn't a huge demand for it or even the computer processing for it. Great opportunity for him because he could get ahead in the market, but not really a good idea given demand and technology.
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Post by kselders on Sept 15, 2013 8:48:26 GMT -6
It’s not farfetched to believe that it takes one idea to bring about one opportunity. It takes one idea to set the stage for advancement and change. No idea is too small and with the motivation to set these ideas in action, the possible outcomes are endless. In my career, I plan to use this as my motivation. In my life, I was told how do you expect to prosper if you’re not willing to go the extra mile or take risk. I have the potential, tools, and ambition to do whatever I set my mind to but, I must be willing to do whatever to takes to get where I would like to be. I must ask myself, "why limit my abilities to rise?"
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Post by ernestmajoue on Sept 15, 2013 14:39:02 GMT -6
Ideas and opportunities are two different cans of worms. Ideas are thought up all the time by lots of people. Opportunities are a chance for one of the ideas to become something. When an entrepreneur has an idea he/she still needs to make an opportunity or one needs to become available. An i agree when the article says "Understanding the difference is vital for success, in business and in life."
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Post by jessicareid on Sept 17, 2013 10:55:27 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea
Mr. Tim Westergren, founder of Pandora Internet Radio, has a lot to say about the process of taking an idea and transforming it into an opportunity. While ideas can be great and potentially life-changing, without the proper action and execution these ideas cannot come into fruition. It is the special merging of a great idea with a carefully executed opportunity that makes a business successful. Mr. Westergren even goes on to say that the risk-taking entrepreneur can often find business prosperity by finding and following opportunities that may not even seem like good ideas at the time.
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Post by ashleylevernharrison on Sept 18, 2013 21:19:58 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea And An Opportunity
The idea that the difference between an idea and an opportunity is execution and action is very true. If a person has an idea but does not act upon it, then that is a lost opportunity for them. If a true entrepreneur has an idea, he will jump in with both feet to make sure that the idea that he had succeeds. He will find a niche for his idea and try to fill it. He will create his own opportunity. Of course he knows that there is a risk involved with his idea, but with risks there is also reward if his idea succeeds.
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Post by w0415498 on Sept 20, 2013 17:26:47 GMT -6
I agree with Tim Westergren, the difference between an idea and an opportunity is execution and action. People get ideas every day, but if they don’t use it how can they make it an opportunity? If an entrepreneur gets an idea and work towards it he/she can make it an opportunity. If you’re not willing to take a risk with your idea, it will never be an opportunity. It will only be an idea, unless someone else takes your idea.
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Post by phenry on Sept 21, 2013 11:30:36 GMT -6
Instant MBA: Pandora Founder says You should Know the Difference between an Idea and an Opportunity This is a great article for anyone who wants to put a plan or an idea into action. It is extremely easy to sit in a chair and think of ideas and “what if” scenarios, but it takes a special person to actually get up and make the idea a reality. You must believe in whatever plan/idea/goal you have to make a way for it to come true. Also, this article made me think about how a lot of people miss out on opportunities because of fear of failing.
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Post by w0426116 on Oct 9, 2013 18:18:29 GMT -6
When reading this, I cant completely agree that opportunities are only a product of an idea simply because some opportunities are product of mere chance or being in the right place at the right time. Now arguing the other side I would say that , In order to receive an opportunity something or somebody must have did something to put it in place. One must understand that when an opportunity is presented to them they should learn more about the opportunity and seize it as you deem fit.
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Post by w0384905 on Oct 21, 2013 17:25:31 GMT -6
Instant MBA: Pandora Founder says You should Know the Difference between an Idea and an Opportunity
This article pertains to putting a plan in action. The article talks about opportunities and ideas, it talks about opportunities are a product of an idea. Some people would disagree and say opportunities could be more then an idea. It could be a chance, luck or something that someone else creates but you are just a part of. When an opportunity knock at your door you have to be willing and ready to let it in and capitalize on the opportunity because we don't get them often.
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Post by alyssatudor on Oct 21, 2013 18:33:33 GMT -6
It is important for an entrepreneur to understand the difference between and opportunity and an idea. The difference between the two is how it is executed. If you have an idea in order to make it an opportunity you have to act on it. Otherwise it's just an idea that you have and you may not make it possible. Having to act on an idea and making an opportunity will make you a great entrepreneur and a successful one at that.
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