A Quote by Jay Samit
Entrepreneurs always begin the journey believing that they have the next big idea. They dream of the fame and fortune that awaits them if only they had the funding to pursue it. But the reality is that as the product is built and shared with customers, flaws in their concept are discovered that - if not overcome - will kill the business.
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Customers are a great way to finance a business for many reasons. First, customer financing is typically non dilutive. They want something from you other than equity in your business. Customers also help you fit your product to the market. And customers will help debug and improve the quality of the product.
The challenge will be to get the big corporate customers giving them their business, but it might be difficult in reality.
I've written a script which will help change consciousness and free people from an old dead Earth and help them make their journey to the new one where we will have true health, creativity, freedom, love and dream sharing. We are working on getting the funding for it and will be the deepest communication I've shared yet which goes back to your question up top.
Dream up big, hairy, audacious goals that you are passionate about and pursue them relentlessly. You have to begin with the end goal in mind, knowing that a goal is a dream with a deadline.
Not being in tune with your customers is like living in an alternate reality; the way you think your customers feel about your product is not always the same as what your customers really think about your product.
Creating something that builds lasting value and changes the lives of millions of people requires forging a team that will work hard to overcome seemingly insurmountable obstacles, stand up to the pressures of fame and fortune, and stay true to the original vision long after others stop believing.
The journey toward your Big Dream changes you. In fact, the journey itself is what prepares you to succeed at what you were born to do. And until you decide to pursue your Dream, you are never going to love life the way you were meant to.
Now, ideas are the raw material of progress. Everything first takes shape in the form of an idea. But an idea itself is worth nothing. An idea, like a machine, must have power applied to it before it can accomplish anything. The men who have won fame and fortune through having an idea are those who devoted every ounce of their strength and every dollar they could muster to putting it into operation. Ford had a big idea, but he had to sweat and suffer and sacrifice to make it work.
There were business challenges, a lot of imitators sprung up, but we built a product that customers love.
The Jews had, as a matter of fact, long been all along the most ingenious entrepreneurs. It was only our own future that we had never built upon a business basis.
We need to encourage members of this next generation to become all that they can become, not try to force them to become what we want them to become. . . . You and I can't even begin to dream the dreams this next generation is going to dream, or answer the questions that will be put to them.
Most entrepreneurs come up with a product, or they come up with an idea and they think they can be successful with it. But if they don't know the financial side of their business and understand credit and working capital and what it takes money-wise, you can't be successful. The product is just a product.
Once you have dared to dream, I believe you MUST pursue that dream. If you do not pursue your dreams they will consume you; the knowledge that you had a dream but did not pursue it is killing knowledge. Consider it absolutely necessary to go after your dreams.
Well I've always said that fame and fortune - the two things that one seems to go after when they go into show business was not at all what it was cracked up to be as far as I was concerned. I found fame to be somewhat of a prison. The more famous you were, the smaller the cell that you had to live in.
What separates sports from entrepreneurism, however, is that in business we constantly have to overcome undefined and unpredictable challenges. Athletes train for specific events and conditions, whereas entrepreneurs generally have little idea what they will encounter along the way.
It takes a big idea to attract the attention of consumers and get them to buy your product. Unless your advertising contains a big idea, it will pass like a ship in the night. I doubt if more than one campaign in a hundred contains a big idea.
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