“The first lesson, of course, is to be very careful not to allow the Discouragement Fraternity to put a damper on your ideas, your dreams, or your vision. Second, there’s gold in old — old ideas, old movies, old TV shows, old books — things that have been around forever. In fact, if a service or product has hit bottom, it might just be the perfect time for an entrepreneur with vision to revive it, recast it, and create a whole new industry in the process. Third, and perhaps the most important lesson of all, the key is not whether an idea, product, or service is old or new, but how well someone executes it. Or, as my dad said, ‘It’s all man and method.'”
http://robertringer.com/man-method-and-recasting/
Related posts:
Destroying the middle ground
The safest place in the world
The First Step to a Free Detroit: Let Them Work
Detlev Schlichter: Of interest and the dangerous habit of suppressing it
Top Ten Reasons Why You Should Not Talk to the Police
If Edward Snowden Had Read This Book …
All Eyes on Europe This Summer
Jacob Hornberger, America: a Military Nation
Bill Bonner: Give Thanks to ‘The 1%’
Obamacare will hurt young people most
Foreign asset reporting before FBAR and FATCA: “loyalty questionnaires” for World War II Japanese Am...
Bill Bonner: Can This Simple Trading System “Beat the Market”?
Bill Bonner: How I Explained Bitcoin to My 94-Year-Old Mother
"Gun Violence": The "National Conversation" We Won't Have
"For Your Own Protection"
