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Old 03-07-2012, 05:01 PM   #1
littlebuzz
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Default Starting a business - Who can you trust?

I am interested in starting a business. According to the US Small Business Administration (and everybody else) I need to start by making a business plan. OK, that's a given.

Next I should look for counseling and training... but who can I trust?

My business idea is for a product and service that (as far as I can tell) is not being provided by anybody else at this time. How can I be sure that my mentor won't steal my idea?

(and yes I think my idea is that good)
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Old 03-07-2012, 05:14 PM   #2
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Your idea can be broken down into "facets" digestible by different audiences ... right?

IE ... the way you explain it to your (trusted/non-technical) mother/father is different from the way you'd brag about the Turboencabuator to fellow boffins? and totally different from how you'd explain it to your bank manager or someone on LL?

You can best protect yourself by hiding vital details whilst developing comprehensive views/facets of your business story for each audience that matters.

Obligatory link to USPTO application forms omitted this time, I'm sure you're well aware of your legal protections available for under $200? That gives you 12 months to develop a real patent application, and gives you the Patent Pending protection so coveted by start-ups.

Quote:
How can I be sure that my mentor won't steal my idea?
Easy ... don't tell them the idea. Tell them what you need, why you need it, why it matters, how you expect to survive, everything and anything ... just NOT the actual idea itself.

I assume of course you've come up with something akin to the KFC mythological 11 herbs and spices here .. step one is to evaluate whether you're wasting your time ... check for similar ideas in the "wild". How are they doing? What differentiates you?

C'mon LLer's ... chip in ... LittleBuzz don't need no stinkin' mentor! Here's a ready made wellspring of cynicism and scars to draw from.
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Old 03-07-2012, 05:25 PM   #3
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Most entrepreneurs think their ideas are that good. Most aren't.
Only you can tell who you can trust, and even that isn't 100%.
Like l8rm8e said, you don't need to disclose everything in order to get counseling and training. If you need counseling and training on everything related to your idea then maybe you shouldn't go ahead with it.
And remember, all knowledge you'll ever need can be found online or in a library and be self-taught.
Good luck!

Last edited by figatova; 03-07-2012 at 05:30 PM.
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Old 03-07-2012, 05:31 PM   #4
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Thumbs up

Enjoy your 80 hour weeks. I wish you the best.
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Old 03-07-2012, 08:34 PM   #5
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Quote:
Originally Posted by Shizzah View Post
Enjoy your 80 hour weeks. I wish you the best.
You've never spoken truer words...

OP, you don't need counseling or "guidance". Whatever you want to do, DO IT. Don't procrastinate.
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Old 03-07-2012, 05:48 PM   #6
littlebuzz
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Quote:
Originally Posted by l8rm8e View Post
Easy ... don't tell them the idea. Tell them what you need, why you need it, why it matters, how you expect to survive, everything and anything ... just NOT the actual idea itself.
And there lies the tricky part. I really haven't talked to anyone but mouse about it so far. Its really that easy to copy. I'm honestly surprised no one else has tried it yet. But I still have some work to do on my plan, so I have time to figure out how to describe it without giving too much away.

Quote:
Originally Posted by figatova View Post
And remember, all knowledge you'll ever need can be found online or in a library and be self-taught.
Good luck!
Got that right. That's how I found out about SBA and what they have to offer.

...and thanks... I'm gonna need lots of luck

Quote:
Originally Posted by samwise View Post
I can draw up 3d plans of your stuff.
Oh sure sam... and then you run off and make a million with my idea.
Thanks man... I'll keep that in mind.
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Last edited by littlebuzz; 03-07-2012 at 05:52 PM.
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Old 03-07-2012, 05:33 PM   #7
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Protecting Ideas: Can Ideas Be Protected or Patented?



Here is an article that may be helpful.


http://www.ipwatchdog.com/2010/11/23...idea/id=13495/
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Old 03-07-2012, 05:35 PM   #8
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Quote:
Originally Posted by littlebuzz View Post
I am interested in starting a business. According to the US Small Business Administration (and everybody else) I need to start by making a business plan. OK, that's a given.

Next I should look for counseling and training... but who can I trust?

My business idea is for a product and service that (as far as I can tell) is not being provided by anybody else at this time. How can I be sure that my mentor won't steal my idea?

(and yes I think my idea is that good)
Some advice .. Never trust a man with big things unless you have his pecker in your pocket.
As for women its the other way around .. keep your pecker in your pocket and don't trust yourself.
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Old 03-07-2012, 05:47 PM   #9
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I can draw up 3d plans of your stuff.
http://usa.autodesk.com/autodesk-inventor/
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Old 03-07-2012, 06:10 PM   #10
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Buzz, as others have said break it into component parts and talk to different people about each part.
Trust nobody but those directly involved i.e. you.
Good luck.
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