Photo: Richard Parmiter via Flickr
Today’s tip of the day comes from Naval Ravikant — entrepreneur, investor, and co-author of the Venture Hacks blog:
[I]deas do not have the merit that we were all raised believing. You do have to pick the right space, but after that, execution is everything.
Here’s a quick confirmation test — go back to your classmates and pick out the smartest ones, and then the hardest working ones. Now look at who is successful.
A certain base level of intellect and idea-formation capability is required, but beyond that are strongly diminishing or even negative returns.
Consequently, the best entrepreneurs display a lot of chutzpah. They aren’t fazed by the competition, nor do they see shadows in every corner. They are their own biggest competition.
— Naval Ravikant, Co-author, Venture Hacks
Click here to read his entire post at Venture Hacks >
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