Start Ups Are Hard

Implementing an idea is harder than coming up with the idea in the first place.

Think of finding a huge gold deposit.  Gigantic. Remote. Like nothing before found.

Notice that having a huge gold deposit is not the same thing as owning a gold mine.  Before the ore becomes bullion many things must happen and if any fail the entire project is doomed.

Find the ore, secure the claim, arrange financing, deal with legal issues, map the deposit, design the mine, arrange more financing, create an accounting and reporting system,  build the mine, acquire mining equipment, build a smelter, build housing, hire miners and other support people, develop employee benefits, safety and reporting protocols, sort out the errors in the design/build stage, arrange for or build transportation in and out for people and product, develop customers.

Many people think good ideas sell and develop themselves.  They do not.  Implementation is the hard part.

Do not underestimate implementation. There is a rule of thumb for would-be entrepreneurs.  No vast project is completed with half-vast implementation .

Don Shaughnessy is a retired partner in an international public accounting firm and is now with The Protectors Group, a large personal insurance, employee benefits and investment agency in Peterborough Ontario.

Contact: don@moneyfyi.com

This entry was posted in Decision Making, Insight to Business and tagged , , , , . Bookmark the permalink.

One Response to Start Ups Are Hard

  1. John Page says:

    A new Shaughnessyism “No vast project is completed with half-vast implementation.”

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