Working towards a business start-up

Providing interesting (hopefully) articles on anything to do with business, marketing techniques, managing finances successfully etc.

What if someone steals my idea!?

Wednesday 13 April 2011

There are a few important lessons i have been taught in the past year or so, when trying to launch my startup, firstly, since i lack any coding skills, i had to search for a web developer to partner with, however this meant sharing my idea with them, i was extrememly paranoid about the  idea being stole.


But, at the end of the day, and idea is just an idea, its the execution that is the most important factor, it is true that the majority of the people you come across (web developers etc) dont care about your idea at all, they are only interested in the return they will recieve, and have no interest in stealing your idea. This is the reason that the majority of web developers will refuse to sign an NDA, to prevent legal action should they be asked to work on a similar project in the future, this is something they just wont risk.


After all, once the idea is put into practice and hits the market, everyone (depending on your marketing skills) will know about your idea anyway.


So my advice to you, is to fully prepare your business idea, including securing the domain, considering the marketing plans, as well as put together a brief to present to investors, or developers, and use an NDA if you feel it necessary.

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