Posts Tagged ‘idea’
Student Credit Cards – Great or Awful Idea?
November 3rd, 2010
|
Author: Does a college student need a credit card? Better yet, should a college student apply for a credit card?
We all know that new credit card laws have made it more difficult for college students to obtain a student credit card. Now college students (and anyone that signs for them) need to think twice before getting that first credit.
There are many responsible credit card usage tips that college students can follow. On the flip side, there are also many college students that will fall victim to the credit card debt trap at an early age.
The question that I often receive in some shape or form is- should a college student have a credit card?
My answer is simple- all college students should have a credit card.
Before a mob of parents runs after me with blazing torches, allow me to explain myself.
Benefits of a Credit Card For College Students:
1. Build your credit rating.
When you make your first major purchase, whether it be a car or home, you will realize that one thing is very important- your credit score. This number makes a world of a difference. Before you do anything else you need to read about the importance of a credit rating.
The earlier you get a credit card the early you can build your credit rating. Yes I do realize the flip side here but please bare with me and continue reading for now.
Your credit rating becomes very important as you graduate from college and progress through your 20s. If you begin building up your credit at an early age you’ll notice some big wins.
Posted in Credit
|
Tags: Awful, boatload, Cards, Credit, credit card debt, credit card for college students, credit score, debt trap, Great, idea, Student
|
No Comments »
A Great Idea is Valueless
There is no doubt that having fresh, new ideas is one of the important things you have to have if you are creating an innovation effort. With no ideas, after all, there is nothing to work with. But the problem is that almost everyone forgets it takes more than a great idea to create an innovation which is actually valuable.
In addition to ideas, you need to have a program of execution. It is execution that converts an idea into a real product, service, or process. Execution, of course, is where the hard work starts.
The reason people forget this important detail is simple. It’s because the process of generating new ideas is inherently creative. It’s fun, and you get a feeling of accomplishment just because you’ve dreamed up something unique. Everyone has had the experience of an energising brainstorming session, resulting in full whiteboards: you leave the room feeling you’ve accomplished something amazing.
Most of the time, though, nothing further ever happens. People are so satisfied with their work in creating new ideas that they allow themselves to forget there’s still much more to do. Then, when someone else not only has the same idea, but executes it will, there is universal teeth gnashing as people wonder “why didn’t we do that?”. Regret is the order of the day, and it is a lesson hard learned. Especially when the opportunity cost turns out to be significant.
Posted in Business, Entrepreneurs, Home Business
|
Tags: execution, idea, innovation, innovation effort, innovation program, opportunity cost, program, something, systematic focus, whiteboards
|
No Comments »