Idea or Timing or Execution ?
Ankur Singh
38 replies
Rank in terms of importance for success in startup/product
Replies
Mutlu Sakar@mutlusakar
Inodash
I believe execution is over others. You can fail with an excellent idea at a really right time with poor execution.
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Timesheet by Technuf
@mutlusakar definitely agree here.
PHPRunner
Timing
Execution
Idea
Markopolo AI
Timing > Execution > Idea
Timing is still number one, then Execution then Idea.
Imagine you built youtube in 2000s, it was a great idea but it won't succeed cause internet speed wasn't reliable.
Imagine you're building a streaming service just to stream yourself but because the timing and execution was great it went viral and you found a good business model behind it and it became twitch.
Hunted Space
I would say: Idea, timing and execution last :)
Idea and timing are tied at the top. A lot of great ideas have come to fruition despite founders fumbling around and generally being incompetent. Bad ideas are always doomed from day one.
The most critical component for startup/product success is execution. Having a fantastic idea or ideal timing may offer you an initial advantage, but it will not lead to long-term success if you do not execute it efficiently. A good concept, experienced staff, and efficient processes are required to turn an idea into a product that satisfies client needs and offers value. Of course, having a strong idea and timeliness are vital, but they aren't enough if it's not executed properly.
Idea and execution is the key
Rapid Scrapper
My view:
Idea
Execution
Timing
Correct me if I am wrong please ๐
Timesheet by Technuf
@shubham_pratap something tells me there is no right or wrong order, as all the aspects have an important role to the success of a startup. What I'd probably add to the list would be the Team, as a key ingredient to the corporate success. Without right and passionate people ready to generate ideas, manage their tasks and contribute to the bigger goal not much can be achieved.
Rapid Scrapper
Agree @technufllc :)
Launching soon!
@shubham_pratap @technufllc I agree that long-term success requires all of those ingredients.
If you have bad timing, nothing can help you, even if you pour millions into it.
If the idea is bad, no one will use it, but it still can lead to something.
I have seen quite a few startups getting somewhere, even with bad execution.
Conclusion: Wrong timing means death!
I would rate timing on top
followed by execution
imho the idea has no value without getting these two right.
to that extend, my views differ with those of @shubham_pratap
@shubham_pratap in my opinion, ideas are dime a dozen. How many would you yourself have discarded before choosing the one you are currently executing?
Rapid Scrapper
Vadoo AI
@shubham_pratap @kkumarkg Timing is right on the top!
Rapid Scrapper
Noted @singh_ankur , thank you @kkumarkg for correcting me :)
Landings
I would say 20% Idea, 20% Timing, 60% Execution. Usually execution is the hardest to nail down imo. There are plenty of good ideas out there for which the timing is good too.
The idea of the product
Planning it accordingly
Executing it following the planned map
Time doesn't matter when all small things are lined up in order.
As we say "No perfect timing for a good start"
Timesheet by Technuf
Hum, this is an interesting question.
I did mention in one of the comments that without a good team success is hard to achieve; but if ranking just the aspects mentioned in the question, I would probably go with:
Execution
Timing
Idea
[the market is oversaturated with various ideas, sometimes overlapping, but that is execution and timing that help some succeed and others go in vain imho]
EmbedQuiz
I guess:
1. Execution
2. Timing
3. Idea
An amazing idea with bad execution and timing worths nothing, but with great execution, you can correct bad timing.
@aghhelmut but great execution of a terrible idea is always doomed.
i believe it should be a healthy mix of all these
but if to rank...
idea
timing
execution
launching as soon as you're somewhat ready and then refining works better
TransferChain
Execute ideas at the right time
Timesheet by Technuf
@dogukan_tezcan perfect combo!
As a marketer's POV:
Execution
cus even a WATER can be sold w/o a bright idea or timing, Grammarly is still used without new features, AI products with no code, low-code, or heavily coded (not sure if that's the correct term) are used depending on its function and deliverability.
Timing
cus some B2B is not ready, sacrificing their old routines and employees
Idea
as long as it brings value to one person
Timesheet by Technuf
@carmela_padasas I like the way you break it down. And a greater water example :)
lmk if my point is valid ๐
All of these words are so crucial for success. Only their symbiosis can show us good traction.
Anyway, you can capture the market either by better execution (better marketing, better sales, better UX, e.g.) or by disrupting (an idea that builds a strong competitive advantage from nothing literally).
Suppose you build a coffee shop or a simple building company โ Execution in the first place. You should be better in any of the streams above.
If you build an innovative product, you should figure out how to disrupt competitors. It's mostly about Ideas.
Timing is also essential. Ofc without him, nothing will happen.