I was watching the evening news last year and I was shocked as I saw a school launching a product I had proposed to work with them on a month earlier and I yelled, “thieves! they stole my idea.” Shamelessly, they even used the same name I proposed.
We all have many of these stories. How do we prevent idea theft and why do the fast keep winning the slow? Have you ever heard the phrase, “there are a million and one ideas?” Ideas become worthless or merely wishful thinking if they are not executed. The person who conceives an idea is not necessarily the one who can execute it. The executionist is the person who brings ideas into reality. He or she has the ability to put together an action plan, muster resources and motivate people to implement the idea. For instance, the shared cab idea was conceived by another company which failed to execute the concept behind Uber’s taxi services until Uber launched and flawlessly succeeded.
Ideas are good, but execution is key.
Most big businesses were just tiny seeds of ideas in the minds of the owners that metamorphosed into big businesses and evolved into multinationals. They all started with one good idea.
How the Executionist Stole my Idea
He took my idea and turned it into a business plan, put steps in place that transformed it into a brand while I just sat there and did nothing. I probably even told some of my friends who discouraged me or did hours of research and eventually gave up to analysis paralysis. The executionist’s imagination goes beyond creating ideas to critically thinking of all the practical steps they need to take to implement the idea. They are resilient and have the exceptional ability to solve problems. They see the opportunity in an idea and can navigate their minds through the tough and complex setbacks they face.
Here is why the executionist beat you to it:
- The executionist does not procrastinate.
- The executionist does not give excuses as to why it cannot be done but rather focuses on finding solutions to setbacks.
- The executionist is not a time waster because he knows that time is money and any minute wasted is him losing money, therefore, he seizes the moment.
How Are Ideas Conceived:
- It can start with a thought or a dissatisfaction with the current system.
- Through proffering solutions to a problem
- Research and refining an existing concept
Qualities of Great Ideas:
- Must meet a demand: There must be a demand for your idea in a specific target location.
- It must solve a pending issue.
- It must make life easier for the end user.
- It must be easy to explain the concept in a few sentences.
What Kills Good Ideas:
The lack of courage, finance, and passion suffocate good ideas in addition to the founder’s desire to get rich quick and the lack of discipline to follow through. Another issue is that a lot of entrepreneurs want to take all the credit so they hide their ideas from people who could help them execute it and also their failure to engage the services of a consultant for a fee.
If you are not ready to implement your idea, you may consider hiding it or keeping it till you are ready to execute it. You can consult the services of a professional that will advise you on steps to take to implement. If you cannot afford to pay a consultant you could engage the help of your trusted mentor to guide you.
We sabotage our great ideas by being overconfident and our unwillingness to take good advice which we also end up paying dearly for.
New Ideas are fragile therefore do not expose them to people who will kill them with mockery, small thinking, pessimism and negative criticism.
Always write down your ideas even when you are not ready to implement them to prevent them being stolen by forgotten memories.
How to Prevent Idea Theft:
- Set clear realistic and practical goals.
- Do your own research and implement
- Avoid trying to do everything yourself especially when you are unqualified.
- Put in place corresponding actions to achieve your goals and vision.
- Be innovative and do not procrastinate.
- Focus on a few good ideas at a time to prevent burn out.
Executed ideas help you run with your vision. Ideas no longer rule, execution rules. Instead of just talking about your ideas why don’t you start planning how to execute them.
We do not have to worry about our idea going down the drain. Since we have an executionist, it is already done.
Writer, blogger and entrepreneur