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Serial Entrepreneur and Go BIG
Founder Wil Schroter's Blog!
Bail on ONE Idea Today
Author: Wil Schroter
Friday, May 11, 2007

Most startups fail not because they don't hold onto good ideas long enough, but because they hold on to bad ideas for too long.

Today I want you to bail on one idea (preferably a bad one.)

I want you to bail on an idea that you've been holding onto for a long time that hasn't seemed to work out.  The kind of idea that seems like a good idea, but if it was really going to be amazing, it would have been implemented and amazing by now.

  • That new feature you were going to implement.
  • That ad placement that really doesn't seem like it's working.
  • One big thing you've said you were going to do but haven't.

Why bail?

You need to bail to flush bad ideas out to make room for new ideas.  There's a horrible piece of phony wisdom that reminds people to stick to their ideas no matter what.

That's b/s - most of our ideas suck (and that's OK.)

The worst ideas are those that you hang on to for too long and never implement.  Or you do implement and you take too long to realize they suck.  Maybe it's your ego, maybe it's timing - it doesn't matter.

Think of ideas as something you churn and burn.  Now go set one on fire!




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Comments About this story
Hi Will, thank you for blogging. Long time ago(when gobignetwork.com was pretty young)  you're  posts was rare(mmm lil bit) but very meaningful.

What about new book?

You're reader,
Andrew.
Posted by: A 5/12/2007 at 1:50 AM

I am loving this thread on focusing on one idea. I've lived my life, or rather lives, in five directions at once. Your call for focus is clearly the challenge of a lifetime. 
Posted by: Artie Isaac 5/13/2007 at 8:56 PM

How do I tell if I need to let go of my idea (VideoMailz.com?). I am in the closed-alpha stage....planning for a closed-beta soon ... but, my team size is 2 and I'm not sure when to let go of this idea ... We are doing Video Mails with other features .... not something new, but the experience on our site will be far better (in theory)....
Posted by: Nick K. 5/14/2007 at 9:28 PM

hello hows tricks from tez in the uk were you at ?
Posted by: terry m. 7/19/2007 at 4:58 AM



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