Idea vs Product

Idea vs Product

Dreams cannot be achieved without setting goals, just as ideas should not be confused with products. Dreams are easy, but dreams by themselves are just that… dreams. They are imaginary, and they don’t produce tangible results. Your idea is not something tangible that you can successfully pitch to an investor.

The word ‘idea’ often refers to a mental impression. We use this word all the time to present a suggestion that we have or a particular desire or ambition. Just because someone said they had an idea of writing a book, doesn’t mean they’ve written it or have even started it.

The product is an “object or service created as a result of a process and serves a need or satisfies a want.” It is a combination of tangible and intangible attributes. Many investors are influenced by product characteristics. Palatable features that can be seen by them personally, in action. Evident information and research.

Many are eager to pitch their idea before they have a product. They believe that their idea IS their product. But they’ve barely worked it out. They’ve thought up this dream and have no set goals to show. When you have an actual product, you have a name, icons, something to show, something tangible. And it’s a good idea to have some marketing done. Investors want to see the product, they don’t want to hear about what it could become. Having the actual product available turns your idea into a reality.

When you decide to turn that idea into a reality, you’re entering a full-time career. To create something tangible, you have to be fully committed. It’s going require your money, funding, time, working overtime, blood, sweat, and tears. The willingness to go all in!

Dreams occupy your mind. Goals take over your reality. Successfully pitch your startup with your product and not a moment before then.

Myranda Cate

myranda@phdlabs.com

Myranda "Coach" Cate is a wordsmith by day and a volleyball extraordinaire by night. When Myranda isn't using her writing degree skills to blog on Nerdy Talk, she spends her spare time shaping young volleyball champions. Coach love's meeting up with friends at Esther's Taco House always with a Dos Equis Amber in her hand.

No Comments

Post a Comment