Ideas are cheap. Sixty percent of Americans have one, but only 9% actually build a business. The speaker says stop daydreaming and block time each week to test your idea, make a plan, and launch.
What is the biggest mistake entrepreneurs make? You know the biggest mistake that entrepreneurs make? Sometimes daydreaming. They're so enthusiastic about an idea. My friends, ideas are a dime a dozen. It's all about execution. 60% of Americans have a business idea. Only 9% of them actually do something about it and start a business. So stop fantasizing and then start working on the business. Dedicate a set of hours every week. It could be 3 hours a week, it could be 10 hours a week, but every day spend some time vetting the idea, doing some business planning, reaching out to people, networking, learning about the market, learning about what people need, and then go out and start that business.
