How To Protect Your Solo Small Business Idea

Posted by tmerrill under Legal
From http://www.solosmallbusiness.com 4513 days ago

So, you finally found your great small business idea. Now you want to take that idea and turn it into a profitable business. But how do make sure no one steals your idea before you can profit from it? Here are 4 ways to protect your business idea and one harsh reality about the business world.

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Comments

Written by HeatherStone
4508 days ago

Tomas,

To be perfectly honest, I'm not sure where Seth would stand on protecting business ideas. My point is that it can be extremely difficult to both protect your idea and spread it. One would always seem to be at the expense of the other.

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Written by tmerrill
4508 days ago

Heather, I had heard that Seth Godin comment before. But I never connected it to protecting a business idea. Thank you for connecting those two things. I think you are dead on.

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Written by HeatherStone
4513 days ago

Tomas,

Your reader's question makes me think of the comment by Seth Godin in one of his talks about living in an age of idea diffusion. The concept is that whoever is able to spread an idea the best wins. The trick is not only to be able to spread that idea but also to be able to profit from it. Sometimes entrepreneurs let fear that someone else will steal their idea and cut them out stop them from sharing that idea with others. This kind of fear is probably misplaced, because we often forget that while someone can easily steal our idea, they cannot necessarily steal our execution of that idea and that makes all the difference.

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