What you think is a stroke of genius may not be practical if you don’t have the resources or the customer demand to make it a reality.
Note from Pat: Love this article for many reasons – but the big one is that we need to realize that sometimes « No » is the right answer. Entrepreneurs love to be flexiblle and chase opportunities – and it kills a lot of them because you can only do so much.
I would add one more point – and that’s Have an Exit Strategy. There’s nothing worse than starting something you can’t get out of…so plan for the possibility that you will need to get out.
See on www.openforum.com