The age-old question that plagues new entrepreneurs is: What if someone steals my Idea?
In this article we’ll break down, why this is a rookie mistake.
Anybody can have Billion Dollar Ideas
Ideas cannot be patented or held on to dearly. Ideas are for everybody, but getting to work and executing that Idea is just for a few. A quote from Edison sums this up well
“Five percent of the people think;
ten percent of the people think they think;
and the other eighty-five percent would rather die than think.”
– Thomas Edison
To execute an Idea, there is a lot of thinking involved and majority of the people do not have the Interest to invest such time and effort. So if you are different and you are a true entrepreneur, you don’t have to worry about other people stealing your Idea.
In the other spectrum is the capability. People can have ideas that could make billions. A person could have an Idea for a tech gadget, but would they have the technical capabilities to execute such a project or would they have the adequate capital or the ability to raise capital for such a project. There are just 1,645 billionaires in the world, in a population of 7 billion people. This is testament to the fact that only a few can execute.
Validating your Idea
What good can sharing your idea do for you?
When you share your idea to people around you, people’s instant reaction is to give feedback, whether you ask for it or not. This is a great way to gauge the interest for your idea. Ultimately to succeed as a business, one needs to be able convince people of the ideas and get money from them. The more people you talk to about your idea, you would get varying feedback, which could give you an idea of how people think. Always share your ideas to different people and get their honest feedback about it. What if your idea is so bad that nobody would buy? An act of sharing your idea could save you a considerable amount of time.
Business is about people. People working with you, under you and doing business with you. As an entrepreneur you have to be able to attract the right talent to your business and convince them that this is the place to be. To be able to bring the best on board, you should be able to sell your vision and spread your idea far and wide. You have to tell a lot of people about what you’re building, so that you reach the right people who are probably interested in what you’re trying to do. It’s also a great way to collaborate. If two people with the same idea were starting out, would it be better, if they were able to collaborate and double the effort? When you share your ideas, you attract like-minded people. It’s as simple as that.
Don’t worry about your idea getting stolen. As long as you have the passion and the drive to go behind your idea, then you will be an unstoppable force.