Discussing your business idea with other people

#1

Post by sliksal02 » Wed, Sep 28, 2011, 11:45 PM UTC

I have an idea for a start-up, and I think it's good. I shared with a couple other people interested in starting a business, just to see if they thought it was viable. They certainly thought so.

Now I'm paranoid. To what extent is this justified? I'm aware that the idea alone isn't worth much, but there's really only one or two ways to implement it.

Re: Discussing your business idea with other people

#2

Post by leeHS » Thu, Sep 29, 2011, 12:34 AM UTC

You're afraid others will steal it? IMHO, I think this paranoia can be harmful. Yes, if you talk to people, there is a "chance" that someone will steal it. This is a risk. But I think you need to take that risk, because the benefit of researching your market far outweights this.

So get out there, talk to people, find out if your idea is SO GOOD, that people are willing to pay for it. Hell, see if they'll pay for it now!

Good luck!

Re: Discussing your business idea with other people

#3

Post by sliksal02 » Thu, Sep 29, 2011, 1:05 AM UTC

leeHS wrote: post #2

You're afraid others will steal it? IMHO, I think this paranoia can be harmful. Yes, if you talk to people, there is a "chance" that someone will steal it. This is a risk. But I think you need to take that risk, because the benefit of researching your market far outweights this. So get out there, talk to people, find out if your idea is SO GOOD, that people are willing to pay for it. Hell, see if they'll pay for it n…

Thank you. Since posting the above comment, I've read many other people advocating your approach and I think it makes far more sense. Feeling much better about this! Thanks again.