Rule of success

Friends, colleagues often come to me to tell me about great new business idea they have.

I do believe, that great idea is only 33.3% of success. There are a lot of interesting new business suggestions in business magazines or internet, but is it enough?

I also do believe, that successful implementation is another 33.3% of success. Without having the right team, enough quality funding bringing idea into reality is difficult. But this is still not enough.

And finally I do believe, that endurance to survive the growth or initial troubles in first 1 or 2 years is the last 33.3% of success. Stats are clear 60-70% of businesses fail in first 2 years.

33.3% - 33.3% - 33.3% is success. Idea itself is not enough.