A couple years ago I found a really cool formula for determining how much an idea is worth. It proposed that ideas were just a multiplier for execution, which is where the real money is.
Seems right to me, but then I’ve also always suspected there was something else going on.
I think Elliot is on to something about finding a proper balance:
“Let your idea inspire you to start executing, then let your execution continue to inspire your ideas.”
It’s not as simple as hard work. It takes idea refinement, some of which can only come from executing on the idea.