The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

help me over come an issue...its such a minor isse too...

Remove ads while supporting the Unscripted philosophy...become an INSIDER.

dbeck29

New Contributor
FASTLANE INSIDER
Jan 4, 2008
62
7
21
I have trust issues. When it comes to my business ideas, i always have issues telling people for fear of them stealing my ideas. I know that it is so important in business to bounce ideas off different people for feedback. My father is the same way (obviously where i get my issues from) and it has hindered some of his success. We are currently working on a second business together in a niche market but between the two of us, we are having issues trusting people who could potentially help us, but on the flip side, easily take our idea and implement it themselves. What do you guys think?
 

Don't like ads? Remove them while supporting the forum. Subscribe.

8 SNAKE

Contributor
Aug 15, 2007
239
44
25
Midwest
If there's one thing I have learned from this forum, it's that very few people are actually willing to take action (present company excluded, of course). People talk a good game but very few have the drive and determination to back up their talk with blood, sweat and tears.

My point is that you shouldn't worry too much about people stealing your ideas and running with them. If your idea is very good, someone's going to steal it anyway once you go into business. Focus on being better than the competition rather than trying to be the only player in the game.
 

Jorge

Bronze Contributor
Oct 5, 2007
583
103
32
37
Mendoza, Argentina
I think someone should make a website just about this subject since its asked almost weekly LOL...oh wait, I shouldn't have said that, someone could steal this idea!

Being serious...I have come to a point where I just don't care anymore. If they steal the idea (which someone will as soon as they realize is a good idea), do it better and crush them, you have the advantage of being first and having the know-how. That's it.
 
OP
OP
D

dbeck29

New Contributor
FASTLANE INSIDER
Jan 4, 2008
62
7
21
I think someone should make a website just about this subject since its asked almost weekly LOL...oh wait, I shouldn't have said that, someone could steal this idea!

Being serious...I have come to a point where I just don't care anymore. If they steal the idea (which someone will as soon as they realize is a good idea), do it better and crush them, you have the advantage of being first and having the know-how. That's it.
I keep telling my self this...well im going to make a thread in a different section regarding my new venture. I gotta start some where, might as well make it here :coolgleamA:
 

PEERless

Bronze Contributor
Jan 23, 2008
1,469
106
81
I have the same issue, and I used to obsess over getting NDAs. I realized the same thing, though. Even the best ideas generally just get insulted -- mostly because you are bouncing them off some jealous schmuck in the Rat Race.

Don't blab your great ideas to members of the Fast Lane, but most of your drinking buddies are (sadly) a pretty safe sounding-board.
 
OP
OP
D

dbeck29

New Contributor
FASTLANE INSIDER
Jan 4, 2008
62
7
21
I have the same issue, and I used to obsess over getting NDAs. I realized the same thing, though. Even the best ideas generally just get insulted -- mostly because you are bouncing them off some jealous schmuck in the Rat Race.

Don't blab your great ideas to members of the Fast Lane, but most of your drinking buddies are (sadly) a pretty safe sounding-board.


shit. :bgh:
 

Andrew

Contributor
Aug 8, 2007
190
41
26
Ideas are a dime a dozen. They are worth almost *nothing*. The people who have the means to copy you, 9 times out of 10 are going to be too darn busy to even try to copy you. Your neighbor, friends, who cares? Let them try. Taking a raw idea with nothing else to a level that throws off wild profits can take years of work.

I've shared some very timely, and my most valuable ideas with business associates. Often they go on and do very well with them, if they have the competence to carry them out to completion to begin with. Those associates end up becoming very valuable to me as a result. Several have businesses that stand in direct competition to mine. So what?

If you are worried about people stealing your ideas, I would venture to guess you just don't have that much business experience to begin with.
 

camski

Contributor
Jul 24, 2007
247
97
46
Noblesville, IN
I also suffered from this, but what i found is that when I thought about it, turning my idea into a reality was scary for me and I really believed in it because I came up with it. Others will have less belief in it because they lack the true ownership of the idea. And because they lack that true ownership their fear is much greater than yours and they are less likely to act. The majority of people want the money and credit that comes with being a TRAILBLAZER, but they want the security and ease that comes with PAVED ROADS.
 

Diane Kennedy

Bronze Contributor
Aug 31, 2007
795
209
49
Ideas are a dime a dozen. They are worth almost *nothing*. The people who have the means to copy you, 9 times out of 10 are going to be too darn busy to even try to copy you. Your neighbor, friends, who cares? Let them try. Taking a raw idea with nothing else to a level that throws off wild profits can take years of work.

I've shared some very timely, and my most valuable ideas with business associates. Often they go on and do very well with them, if they have the competence to carry them out to completion to begin with. Those associates end up becoming very valuable to me as a result. Several have businesses that stand in direct competition to mine. So what?
Andrew, I just gave you Rep ++ for you comment.

Rant Alert

Ideas are indeed a dime a dozen. It's the implementation of those ideas that makes a difference. Talking about it doesn't do a thing.

I NEVER sign NDAs. Early on in my career, I did..and what a mistake. Someone would have an idea similiar to something I was already working on (so now I'm screwed because I've signed an NDA and if I implement my idea that's already in the works, they could potentially come after me) and their "deal" is for me to put my personnel, expertise, money and time behind their idea and we'd split the money. Why would I do that?

There are basically two ways you can make a lot of money: innovate and come up with something new or do it faster, cheaper, better. I am an innovator, I like coming in at the beginning of something and charging more per item. As soon as someone says they're "just like Diane's xyz, only cheaper" I know it's time to innovate again.

On the other hand, there is a lot of money to be made in doing things more efficiently.

Either way - it takes DOING to get to the paycheck.

I disagree about not posting your ideas on the board. I've gotten terrific insight on some of the things I've posted regarding my business. And here I thought I knew it all already....

But if you post an idea, not prepared to act on it, and then someone else does...it's not their fault. It's your own.

It takes DOING to get to the paycheck.

::RANT OVER::
 

PEERless

Bronze Contributor
Jan 23, 2008
1,469
106
81
...I disagree about not posting your ideas on the board. ...But if you post an idea, not prepared to act on it, and then someone else does...it's not their fault. It's your own...
I would still avoid posting your next big idea until certain preparations and protections have been made. I can bounce big idea off my slow lane friends, and (worst case scenario) I'll have to listen to their story about how they've always wanted to have their own flower shop or some crap.

My point was that a higher percentage of the readers here have the time and money to grab an idea and sprint to market.
 

8 SNAKE

Contributor
Aug 15, 2007
239
44
25
Midwest
I would still avoid posting your next big idea until certain preparations and protections have been made. I can bounce big idea off my slow lane friends, and (worst case scenario) I'll have to listen to their story about how they've always wanted to have their own flower shop or some crap.

My point was that a higher percentage of the readers here have the time and money to grab an idea and sprint to market.
Respectfully, are you getting good and constructive feedback from friends that are stuck in the slow lane? I'd rather chat with people of similar mindset that can challenge me and my ideas rather than a bunch of people that will just nod in approval with anything I say.
 

Don't like ads? Remove them while supporting the forum. Subscribe.

OP
OP
D

dbeck29

New Contributor
FASTLANE INSIDER
Jan 4, 2008
62
7
21
thanks to everybody who has posted, i have actually made strides in over coming this ridiculous fear. I have been talking and collaborating with out side sources regarding my newest venture. thanks again!
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Sponsored Offers

MARKETPLACE KAK’s “Kill Bigger” Incubation Program- With DAILY personal attention.
Ladies and Gentlemen! I am still taking apps! Think you have what it takes? Send the rundown to...
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
Thanks for sharing. I want a course to optimize for other than Google engines.
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Welcome to 2020, I wanted to add in a quick note about gratitude for the new year...


Don't like ads? Remove them while supporting the forum. Subscribe to become an INSIDER.

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom
AdBlock Detected - Please Disable

Yes, ads can be annoying. But please...

...to support the Unscripted/Fastlane mission (and to respect the immense amount of time needed to manage this forum) please DISABLE your ad-block. Thank you.

I've Disabled AdBlock