Many of the world's wealthiest people came
into their wealth by stealing or re-imagining others' ideas. In business, the
hidden secret is to expand your vision. Some billionaires stole an idea and
made it their own, while others simply updated an old idea to become a more
profitable enterprise.
Creating a great
business idea
The secret to a great business idea is
identifying a niche and implementing a plan to market that idea. For example,
if you love cooking, you can start a catering service business. The demand for
such services is always high. You can use your management skills and set up
virtual teams to help customers.
Avoiding people
who might steal your idea
Avoiding people who might steal your
business idea is a good idea if you want to protect your intellectual property.
There are several ways to protect your idea from others. One way is by
purchasing trademarks or domain names. Another way is by reminding people of
conversations you had about your idea. However, it is crucial to be clear and
direct in your request. Do not send angry or random messages.
There are some companies that are notorious
for stealing business ideas. Whether you're an entrepreneur or an investor,
don't let people steal your idea. Steve Blank, a professor, and a Silicon Valley
entrepreneur has been a victim of idea theft twice. One time, he presented his
marketing automation system to a VP of Marketing, who didn't return his phone
calls for nine months. But then, his partner told him that the same person had
stolen his PowerPoint slides and now heads a competing company.
