Startups: Is idea or execution more important? The experts say it’s the later.
“Young companies don’t fail on good or bad ideas. They fail on execution.” We spotted this interesting piece by Caroline Howard of Forbes.
For startups, focus and efforts shall be spent on turning business plans into real businesses. In a recent Forbes Under 30 Summit in Tel Aviv, founders and budding entrepreneurs shared how they had their ‘aha’ moment in idea generation, but all have stressed the importance of spending enormous time on execution.
“Ideas will continue to evolve, the more you tweak them, the more you learn.”, but equally important: “perseverance is more important than either. It is the biggest factor in success of a startup.”
For more read ups on tips on startup success, see the original article here.
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