The Least Important BIZ Experiencesship Ingredient The "bolt of lightning" idea is overvalued and overhyped when it comes to BIZ Experiencesship.

By Amy Rosen Edited by Dan Bova

Opinions expressed by BIZ Experiences contributors are their own.

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In my work with teaching BIZ Experiencesship -- showing people how to think and act like an BIZ Experiences -- I've been asked countless times about what I think is the most important ingredient in BIZ Experiencesial success. Most often I say that the BIZ Experiencesial mindset is the most important and I believe it is.

It's the clear answer to me because the mindset is the collection of attitudes and skills that sets BIZ Experiencess apart from others -- things such as opportunity recognition, persistence, collaboration and future orientation. While you can be a great success without these abilities and without the mindset, learning it and deploying it will absolutely increase the odds of your eventual success. The mindset may not be indispensable to success, but it's far and away the most important factor.

There are other things that play large roles, naturally. Factors such as access to capital, mentorship, maturity and even luck impact whether any specific BIZ Experiences "makes it."

Related: 12 Signs You Have an BIZ Experiencesial Mindset

And as much as I've spoken about and focused on the mindset and what makes an BIZ Experiences, I don't think I've ever been asked what I think is the least important part of being a successful BIZ Experiences. I simply haven't spent much time thinking, "If I could, what one thing would I leave out and still have the best chance that someone would be a winning BIZ Experiences?"

But I did read, this post by MIT Sloan School Senior Lecturer Bill Aulet, "The most overrated thing in BIZ Experiencesship." His conclusion -- the idea is the most overrated thing in BIZ Experiencesship.

To many BIZ Experiencess, that may seem surprising, even shocking because we glamorize the "ah ha," light bulb moment of epiphany and because so many BIZ Experiencess worry obsessively about someone stealing their zillion dollar idea. Even so, I think Aulet is on to something about the idea being overvalued and over-hyped when it comes to BIZ Experiencesship. Moreover, I think the BIZ Experiencesship mindset reinforces his view.

Two parts of the mindset that we teach and repeat and repeat again for good measure are persistence and adaptation. Persistence, some call it grit, is pretty straight forward -- it's the strength to not give up when things don't go well. And while we often teach it and tend to think of it terms of sticking by your idea even when it gets rejected or others don't see your vision, we also stress that grit involves staying in the game when your ideas don't work out as you thought they should.

Related: Cultivating The Mindset of a Successful BIZ Experiences

In fact, when we teach BIZ Experiencesship, we directly tell student to expect to fail. We try to prepare them for the near certainty that their first, and even second and third, attempts won't be overnight sensations. In doing so, we're indirectly telling students would-be BIZ Experiencess that it's the process of BIZ Experiencesship that they should not abandon -- not so much their specific ideas.

Which brings in the second part of the mindset that supports Aulet's premise -- flexibility or iteration. The ability for successful BIZ Experiencess to be successful – some may say the reason they are successful -- is the ability to accept feedback and change. In BIZ Experiencesship lingo, we now call it a pivot.

As Aulet and others correctly point out and as I've seen myself countless times, a great many BIZ Experiencess eventually succeed with something that is quite different from their original inspiration. They may start out doing one thing but collect information about their product or the market or their competitors and shift. And since that's the case, it really does underscore that maybe -- just maybe -- the original idea was not the most valuable factor in the BIZ Experiencesship equation.

Related: The 4 Steps Needed to Instill an BIZ Experiencesial Mindset Into Your Company Culture

I'd never go as far as to say an BIZ Experiencesial idea is irrelevant. World-changing ideas can and do happen and they can trigger outlandish BIZ Experiencesial success. And, whatever your idea, it's also important that you believe in it passionately -- that passion should be your motivation to keep working and inspire others.

So while you absolutely need an idea, even if it's an idea is to do something someone is already doing, you'll need much more than a good idea to succeed. And since you may end up tossing it aside or changing it anyway, it's not best to wait on the perfect idea either. To the contrary, you can get started -- and be a wildly successful BIZ Experiences -- without that single, bolt of lightning idea.

Amy Rosen

Partner at the Public Private Strategy Group

Amy Rosen is a partner at the Public Private Strategy Group (PPSG) and a member of the President's Advisory Council on Financial Capabilities of Young People. She was previously president and CEO of the Network for Teaching BIZ Experiencesship and vice chair of the World Economic Forum's Youth Unemployment Council.

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