There is a huge misunderstanding in today's society about entrepreneurship. Most people think entrepreneurship is about coming up with a great business idea, implementing the idea and making money. I’ve heard people say, “let’s come up with an app and get rich quick!” That's delusional.
The greatest ideas come in the most unexpected ways at the most unexpected times. Meanwhile, don't forget, your first idea may not be your best idea.
Back in 1994, I was on a crowded train headed into work. The Rangers had just won the Stanley Cup and I saw a photo of Mark Messier holding the Stanley Cup after snapping the New York Rangers title drought on the back page of every passenger’s newspaper. As I looked at the photo, I envisioned a signed photo that my company could sell as a signed item to die-hard Rangers fans, just like me.
As I examined how I spent my time at work, I found that I was SOS - Stuck On Stupid. I had always prided myself on being resilient in the face of possible failure. I embodied all those messages: Don’t quit! Fight through it! Keep going! Don’t get me wrong, I’m a big fan of those qualities. The problem was that sometimes my ideas sucked, and I was too stubborn to realize it.
As an entrepreneur, don’t let your ego swell to the point that you are SOS. Looking back at the end of Steiner, I should have been a better quitter and let go of bad ideas.
To help me move forward, I developed a three-step process to test if my ideas were worthwhile: dream big, sample small, fail fast.
I like to say that losing gives you the blueprint for winning.
Great ideas usually start with big dreams. When I dream big, I visualize a goal that I want to achieve. That’s when the path to that achievement begins to take shape.
I know the destination. The question is: How do I get there from where I am now?
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Quote of the day: "Everything negative - pressure, challenges - is all an opportunity for me to rise" - Kobe Bryant
Song of the Day: “This Will Be" by Natalie Cole