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Post by thomas129 on Oct 24, 2013 17:43:51 GMT -6
Link of the Day #12 Instant MBA Pandora Founder says you should know the
difference between an idea and an Opportunity
I like this link of the day. I know I have an some ideas for products and I never took a
chance to see if there was an opportunity. Most of those ideas were actually put into
action and people use the products today. An idea is nothing without an opportunity
or at least the drive to see if there is such an opportunity. An idea is great, defiantly a
starting point but if you do not pursue an opportunity then it was possible better to
never have the idea at all.
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Post by rpajares41 on Nov 3, 2013 17:24:34 GMT -6
This article raises a good point on many different fronts. Yes taking action on an idea is one of those points, however, having the aptitude to take a chance on an idea makes what happens afterward that much more special. It all begins with an idea and how much you believe in that idea. Next is the hardest part which is to take that idea and invest in it. Entrepreneurs take very high risks which most of the time don't pan out but with high risk does come high rewards and if the belief in the idea is great enough and enough consumers like this idea than the sky is the limit. But it is taking that first leap of faith that makes all the difference.
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Post by datren on Nov 6, 2013 21:19:36 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea And An Opportunity
Will Glaser the founder of Pandora is correct there is a difference between an idea and an opportunity. The difference between the two is the degree of uncertainty that each possesses. Most people are not willing to take an idea and produce revenue from it because it is too risky, however if a convenient opportunity arises then that mindset changes. Most people are not willing to risk failure, but for the individuals that are, they are entrepreneurs.
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Post by daltonrainey on Nov 7, 2013 17:08:31 GMT -6
Instant MBA: Pandora Founder Says You Should Know The Difference Between and Idea and an Opportunity
I can agree with the article, in that ideas can lead to opportunities, but i also believe that opportunities do not always come from ideas. Opportunities can come at anytime and you have to be willing to jump in and take them when they do come. I can see thought that ideas can lead to great opportunities when you act upon them.
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Post by ebonisw on Nov 9, 2013 15:56:19 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea And An Opportunity
Everyday, entrepreneurs have ideas, yet they sometimes lack the drive to take their opportunity to make it come to life. Sometimes it seems that we never get the chance because of finanacial situations, lack of resources, etc. However, people must learn to think of every moment as the opportunity. The internet is always an available opportunity to get a start on what you are trying to do. Advertise yourself.
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Post by clayb1919 on Nov 10, 2013 22:00:43 GMT -6
Going after opportunities takes a lot of risk but risk can lead to reward. Entrepreneurs need to calculate the risk to see if the level of risk is worth the reward. If it isn’t sometimes its better to find another opportunity.
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Post by tscott88 on Nov 10, 2013 23:17:18 GMT -6
Great ideas can become great opportunities. If know Raising Canes came to mind when you read this. It was a great idea which turned into an even greater opportunity. Now, some ideas should just stay that and idea. If you truly believe an idea would be successful try it but be smart. Don't put yourself in financial risk in which you can't come back from. Entrepreneurs should decide what are ideas and what are opportunities. You can have the next Raising Canes in your pocket.
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Post by kristin on Dec 2, 2013 18:22:20 GMT -6
INSTANT MBA: Pandora Founder Says You Should Know The Difference Between An Idea And An Opportunity
I enjoyed this article. There is definitely a difference between ideas and opportunities. Knowing the difference is sometimes hard. A lot of ideas fail because there were no real opportunities to support the ideas. Ideas can evolve over time and sometimes they take a lot of time before an opportunity presents itself to move forward with an idea. For example, you may have an idea to open a pizza shop in a particular city. If there are pizza shops already established in the city, then the opportunity may not be there to move forward with the idea. However, there may be opportunities in other cities where there are no pizza shops.
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