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Topic:

FROM IDEAS TO SUCCESSFUL BUSINESS MODEL

Do you know up to 80% of new businesses fail within their first 3-5 years? What are key elements of good business ideas? Key steps & condition to turn an idea into a successful business model? Discuss with Anphabe advisor and members to learn different practical views.

Advisor:

Nguyen Thi Hong Trang's picture

Nguyen Thi Hong Trang

Managing Director
Quadrill & Vera International Ltd.

Timing:

The discussion is open from 22-07-2011 to 08-08-2011

The advisor answered on 05-08-2011

what to differentiate Passion and Blindness?

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Hien Anh Nguyen's picture
1311833305

Follow an idea with all your head and hear show your passion for it, but to a certain point, if you keep going, you may be consider blind. There is such a thin line between passion & blindness. To your experience, when should we stop following an idea?

Answer1 hZWZmZlikWqblJuExaBkb-GkoGOYcFLJpMWoq4DHo5ifmatXc6xsmGVrUr98qKellJ--oJ_Tj6PNo5mMrs7PxrDF3N-wn8KdpcbWzNPUU3DZa55siJyl1JvYnqemiHCnbWVtb1qlm9CVcpPXoaWgfYeArlVx12ptnlqkkdTG0dSGn8Ogl2rcrJ6Uk52Gy5-pz6XfkdqvoMtan6hycKBXpaiZrKmhqKCHa6RqnHJYl6OnnNaslc2UWZ-rbmOch5WTmYad2Z5om1vFxtbS1sWamYhsz2yWca3j

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Answers

  • Hmm... It’s hard to find a proper answer for this question!
    Passion is what you love to do (event without being paid). I think passion is one necessary condition to achieve success. Business owners, however, need to balance their passion to follow the plans set (sometimes not by themselves but the Board of Director). There are always difficulties in doing business. Thus, it would turn to the blind side when facing with those obstacle, you keep doing without seeing the solutions and with no tools for measuring its effectiveness.

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