I’ve talked with thousands of entrepreneurs. Some very successful and some not-so-successful. This morning I was thinking about the not-so-successfuls and I realized they could be bucketed into two groups: those with the Big Idea Syndrome and those with Analysis Paralysis.
With all due respect to Donny Deutsch’s The Big Idea (love his show), the big idea isn’t worth jack. It’s all about the execution. But those who suffer from the Big Idea Syndrome jump into idea after idea, full of excitement and ambition, only to fall flat because they fail to realize success comes from execution, not the idea.
On the other end of the spectrum are the entrepreneurs who are too afraid to act. They think, analyze and talk till they’re blue in the face, but they don’t take action. Their paralysis keeps them in their cushy corporate job or in the comfort zone of their modest small business. They’re paralyzed and unable to jump in and act.
I think the key for successful entrepreneurship is to be in the middle of the spectrum: act on the idea (almost any idea will do), but realize that execution is the key.
