Carol’s recent post on entrepreneur.com is a very important one. Many entrepreneurs think that their idea for a business, product, or service is precious and valuable in and of itself. Carol shares why this isn’t true. Here is an excerpt:
That’s right: ideas have little to no value. It’s the execution of the ideas that holds value. It’s why Facebook is worth billions of dollars (although that valuation is a debate for another day) and why myriad other social networks aren’t. It’s why the same company can be worth nothing or millions at different points of its lifecycle or under different ownership.