Identify the key moment when an idea turns into a business

How often do you see a thriving new business or company, and slap yourself for not thinking of the idea first? Or, even worse, slap yourself because you did think of it, but didn’t do anything about it?

Many of us have great ideas, cumulatively millions of them every day, but the difference between having an idea and commercialising it into a marketable product is significant. It’s the difference between something happening and not.

One of the greatest entrepreneurs of all time, Michael Dell, started his computer company with a few dollars in his University of Texas dorm room, and it has grown into the massive company that it is today. He had the idea and he made it happen, that’s the important bit.

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