A business is never one great idea
Jasmine rejects the single-genius-idea myth: the idea is roughly one percent of the opportunity, and businesses are built from a series of small ideas strung together that prove an overall concept. As the ideas improve over time, the business strengthens. Her stated hill to die on is that ideas are worthless without execution.
- The idea is about one percent of the opportunity
- Concepts get proven through a sequence of small ideas
- Better ideas over time compound into a stronger business
- Execution, not ideation, is the scarce input
“My biggest win is to create what I firmly believe that ideas are nothing without execution.”
“Her story goes to show that the best businesses aren't a single idea, but a series of ideas strung together in a relentless pursuit of…”