Which is more important your idea or your execution of the idea?

Execution not only nurtures an idea, but also tests its potential at each stage to determine the viability to attain success. An idea, however, unique it is remains a concept and a mere representation of thoughts. It is the execution plan that gives real vision and direction to an idea.

Why is timing important for startups?

Timing is about more than being lucky. Timing is recognizing which ideas are ready to be explored, which ideas aren’t, and which ideas are past their prime. Startup studios have rigorous systems of testing and validating their ideas to be sure that they are staying agile and lean.

Why Timing seems to be so important in determining the success or failure of a startup?

Timing can be defined as launching the product or service at the right time in the right place. If your startup arrives too early, you may not get the expected traction. If it enters the market late, there are already competitors and entry barriers to fend off, and your startup may end up being a case of ‘me-too’.

What is the ratio of execution and idea in overall success story?

In my current opinion the perfect recipe for a successful entrepreneur would be the following: 15 percent timing. 20 percent intelligent, high quality and excellent ideas. 65 percent ability to fully execute on ideas.

What is the most important thing for startup?

It is clear that timing is crucial when it comes to the ultimate success or failure of a company. In fact, in a study of 200 startups, timing was found to be the most important factor related to success in 42 per cent of the cases, the most of any single factor.

Why is it important to have best timing in a business?

It will serve you well when identifying business trends because it will allow you to catch emerging trends as quickly as possible and maximize your return on them. Whilst timing is important, it is merely a function of finding the right balance between supply and demand.