O no! He is going to steal my idea! I can’t share it with him.
It’s funny how you hear stories of how investors or people made billions from these ideas while the idea generator lived in obscurity but with no obvious example.
Young entrepreneurs and business men alike often tell me this when I speak to them. It’s a misconception, a myth. No one knows your idea like you.
It’s not about the idea, it’s all about the implementation.
No two people implement the same idea the same way. You often have a vision of how you want your idea/business to be and no one sees it down to the nitty gritty like you do.
An ‘idea’ is basically useless without the ‘Entrepreneur’. Get better at what you do, train yourself, put in the work or someone else will do it better than you.
Besides, someone else might be thinking of the same idea as you, right at this moment.
Your business idea needs refining
You find out that when you start sharing your idea(s) it begins to morph. You will inevitably go through different iterations of the original idea as you receive feedback until you finally settle on one.
In some cases you’ll find out it was a bad idea to begin with, and that’s OK, feedback makes ideas better!
Rarely do you see an original idea being the final product or service.
Document the process
Take notes, write all feedback and the resulting changes. I have learnt that those seemingly ‘foolish’ ideas and feedback become tangible as I document and better my idea. Write that business plan, fill that Business Model Canvas, only then will the idea begin to flesh out and make sense with reality.
What’s the worst thing that could happen?
My idea will change the world! This is a N50 billion money making idea! Months and Years after you’re still on the journey to realizing that idea.
You lose more when you don’t share those ideas than when you do. Chances are that you’ll receive valuable feedback that will completely change the original idea or that you’ll meet kindred spirits that’ll help you achieve the goals of that idea, be it an investor or a team member.
The only way to know if you’ve got the right idea is to share it.
Funny thing is, if your goal is to solve a problem, you won’t be worried about idea theft. If your goal is money, then that’s a whole new conversation.
Are you more concerned about the solution to people’s problems or your selfish interest of money making? Because the biggest companies in the world started out solving problems!
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