Comments on: The Myth of the Great Idea http://www.iwillteachyoutoberich.com/blog/the-myth-of-the-great-idea/ Personal finance blog for college students, recent graduates and everyone else -- including entrepreneurship -- for getting rich. Featured in the Wall Street Journal and New York Times. Sun, 8 Nov 2009 06:09:27 -0800 http://wordpress.org/?v=abc hourly 1 By: Ken http://www.iwillteachyoutoberich.com/blog/the-myth-of-the-great-idea/comment-page-1/#comment-102784 Ken Tue, 07 Jul 2009 02:53:13 +0000 http://www.iwillteachyoutoberich.com/blog/the-myth-of-the-great-idea#comment-102784 Read Built To Last (Successful Habits of Visionary Companies). The concept is that ONE of the interesting facts of companies that have succeeded past their original founder(s) is that they did not begin from a great idea or concept. An example is HP...they had a bowling foul line indicator as one of their early "products". Read Built To Last (Successful Habits of Visionary Companies). The concept is that ONE of the interesting facts of companies that have succeeded past their original founder(s) is that they did not begin from a great idea or concept. An example is HP…they had a bowling foul line indicator as one of their early “products”.

]]> By: Ramit Sethi http://www.iwillteachyoutoberich.com/blog/the-myth-of-the-great-idea/comment-page-1/#comment-102425 Ramit Sethi Wed, 01 Jul 2009 13:41:48 +0000 http://www.iwillteachyoutoberich.com/blog/the-myth-of-the-great-idea#comment-102425 I have no idea what those concepts are, but if they're similar, good. People think of good ideas at the same time all the time. I have no idea what those concepts are, but if they’re similar, good. People think of good ideas at the same time all the time.

]]> By: Ken http://www.iwillteachyoutoberich.com/blog/the-myth-of-the-great-idea/comment-page-1/#comment-102393 Ken Wed, 01 Jul 2009 02:09:49 +0000 http://www.iwillteachyoutoberich.com/blog/the-myth-of-the-great-idea#comment-102393 Does Jim Collins (author of Built to Last) know you're stealing his concepts? The "Clock Building and not Time Telling" concept was coined in his 2002 book. I don't see a reference his work here. I notice that alot of Ramit's blogging is either linking to other's thoughts or regurgitating other's work. Does Jim Collins (author of Built to Last) know you’re stealing his concepts? The “Clock Building and not Time Telling” concept was coined in his 2002 book. I don’t see a reference his work here.

I notice that alot of Ramit’s blogging is either linking to other’s thoughts or regurgitating other’s work.

]]> By: om arora http://www.iwillteachyoutoberich.com/blog/the-myth-of-the-great-idea/comment-page-1/#comment-63161 om arora Sun, 01 Jun 2008 21:29:40 +0000 http://www.iwillteachyoutoberich.com/blog/the-myth-of-the-great-idea#comment-63161 Have an idea in my mind for years, sure of its success; but still not able to put it to reality; feel as if i am too lethargic; don't know how to make a beginning; advise. Have an idea in my mind for years, sure of its success; but still not able to put it to reality; feel as if i am too lethargic; don’t know how to make a beginning; advise.

]]> By: Shawn@MoneyBrick http://www.iwillteachyoutoberich.com/blog/the-myth-of-the-great-idea/comment-page-1/#comment-61601 Shawn@MoneyBrick Mon, 12 May 2008 06:27:10 +0000 http://www.iwillteachyoutoberich.com/blog/the-myth-of-the-great-idea#comment-61601 I like your advice, and I've been enjoying your other posts. I especially like it when you call people stuff like, "jackass," hahahaha... Well, in this particular post about the big idea, I agree, but I think that we must all do as Socrates did. Keep the idea of a big idea floating around in your mind, but still do other important things in your life. Then one day, you may have a Eureka! moment, where your big idea hits you like a hand hitting a mosquito. If you didn't think you wanted the big idea in the first place, you would've just let it slip by when it did come. But of course, keep moving towards your goals, always. I like your advice, and I’ve been enjoying your other posts. I especially like it when you call people stuff like, “jackass,” hahahaha… Well, in this particular post about the big idea, I agree, but I think that we must all do as Socrates did. Keep the idea of a big idea floating around in your mind, but still do other important things in your life. Then one day, you may have a Eureka! moment, where your big idea hits you like a hand hitting a mosquito. If you didn’t think you wanted the big idea in the first place, you would’ve just let it slip by when it did come. But of course, keep moving towards your goals, always.

]]> By: John http://www.iwillteachyoutoberich.com/blog/the-myth-of-the-great-idea/comment-page-1/#comment-37752 John Wed, 17 Oct 2007 17:41:54 +0000 http://www.iwillteachyoutoberich.com/blog/the-myth-of-the-great-idea#comment-37752 Very true. I've been a part of three start-up companies. One was a dead end in terms of profit-per-time and we killed it pretty quickly. However, just starting the business resulted in lots of new information and experience. I knew how to register a company with the state. I knew how to file a DBA. Etc... The second company came about from a BIG IDEA. In truth, it still probably is a big idea, but we made it into something too big. The execution wasn't possible with the resources we had. This went on for two years until we finally folded the corp. However, along the way I learned vast amounts of knowledge about how a start-up works. I opened doors and met informative and powerful people. I learned how to set realistic goals. Etc... My third company came not from a big idea, but from a need I saw. I started it just on a whim, and not really thinking it through. It was just the act of doing it that really got me started. If I had thought about it too much, I probably would have talked myself out of it. Instead, a year later, I'm profiting 2 grand a month (not including taxes). So looking back, just the act of doing is probably the biggest reason for any kind of success. Good article. Very true. I’ve been a part of three start-up companies. One was a dead end in terms of profit-per-time and we killed it pretty quickly. However, just starting the business resulted in lots of new information and experience. I knew how to register a company with the state. I knew how to file a DBA. Etc…

The second company came about from a BIG IDEA. In truth, it still probably is a big idea, but we made it into something too big. The execution wasn’t possible with the resources we had. This went on for two years until we finally folded the corp. However, along the way I learned vast amounts of knowledge about how a start-up works. I opened doors and met informative and powerful people. I learned how to set realistic goals. Etc…

My third company came not from a big idea, but from a need I saw. I started it just on a whim, and not really thinking it through. It was just the act of doing it that really got me started. If I had thought about it too much, I probably would have talked myself out of it. Instead, a year later, I’m profiting 2 grand a month (not including taxes).

So looking back, just the act of doing is probably the biggest reason for any kind of success. Good article.

]]> By: P Henry http://www.iwillteachyoutoberich.com/blog/the-myth-of-the-great-idea/comment-page-1/#comment-14131 P Henry Sat, 05 May 2007 20:45:57 +0000 http://www.iwillteachyoutoberich.com/blog/the-myth-of-the-great-idea#comment-14131 Hey, thanks for the article. You know, I was searching for this type of insperation a year ago. Because at one time i did not know what i wanted to do in life. I've always find interest in creating, but just did not know what to become. Than, i realize just go and go, and the experience will take you there (im still going). Anyways, I have this idea that i've been working on. It was not an idea i was searching for, it just happened to come to me after running into a problem. I need to know, should i continue with this idea even if its not part of my field? thanks Hey, thanks for the article. You know, I was searching for this type of insperation a year ago. Because at one time i did not know what i wanted to do in life. I’ve always find interest in creating, but just did not know what to become. Than, i realize just go and go, and the experience will take you there (im still going). Anyways, I have this idea that i’ve been working on. It was not an idea i was searching for, it just happened to come to me after running into a problem. I need to know, should i continue with this idea even if its not part of my field? thanks

]]> By: april http://www.iwillteachyoutoberich.com/blog/the-myth-of-the-great-idea/comment-page-1/#comment-12538 april Mon, 23 Apr 2007 16:49:16 +0000 http://www.iwillteachyoutoberich.com/blog/the-myth-of-the-great-idea#comment-12538 Wow. Hits so close to home for me. I made a huge mistake early on, leaping into a career that I thought would free up my time to do what I really wanted to do. It was a very bad, roundabout way of doing things that didn't work out, but I'm now in a job related to my field, surrounded by people who help me improve my skills everyday. This was great reinforcement that I'm on the right track, and I need to stay there. Wow. Hits so close to home for me. I made a huge mistake early on, leaping into a career that I thought would free up my time to do what I really wanted to do. It was a very bad, roundabout way of doing things that didn’t work out, but I’m now in a job related to my field, surrounded by people who help me improve my skills everyday. This was great reinforcement that I’m on the right track, and I need to stay there.

]]> By: Michael James http://www.iwillteachyoutoberich.com/blog/the-myth-of-the-great-idea/comment-page-1/#comment-8516 Michael James Tue, 20 Mar 2007 15:07:09 +0000 http://www.iwillteachyoutoberich.com/blog/the-myth-of-the-great-idea#comment-8516 I found the correct URL for the article mentioned in comment 2. <a href="http://www.markforster.net/blog/2007/3/1/how-to-get-any-project-up-and-running.html" rel="nofollow">How to Get Any Project Up and Running</a> I found the correct URL for the article mentioned in comment 2.

How to Get Any Project Up and Running

]]> By: Theo Tonca http://www.iwillteachyoutoberich.com/blog/the-myth-of-the-great-idea/comment-page-1/#comment-8449 Theo Tonca Mon, 19 Mar 2007 23:44:06 +0000 http://www.iwillteachyoutoberich.com/blog/the-myth-of-the-great-idea#comment-8449 Nice post, you're right on. I recently did a post on a similar subject exclaiming that there is no "perfect" time or way to launch a startup. Just start from wherever you are with whatever you've got. Nice post, you’re right on. I recently did a post on a similar subject exclaiming that there is no “perfect” time or way to launch a startup.

Just start from wherever you are with whatever you’ve got.

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