A long time ago, in the distant galaxy somebody invented the notion that if you've got an excellent business idea to an idea for a new venture, you must to keep it confidential.

You should cover it in secrecy, you should sign various Non-Disclosure Agreements, and only reveal it to an individual at a private location , at a predetermined time , in a room that is not accessed by any windows.

It was believed that if anyone were to get to hear your new business idea, they would steal the idea! The people who steal ideas and the bizarre methods. In the moment that the sound waves of your amazing idea enter their eardrums, they create it and then earn billions. And you sink in the shadows, ruining your reputation for the mistake of sharing your idea.

C'mon. You saw the Social Network. You've seen how this operates. This is absolutely real!

However, it's not. In any way.

Your BUSINESS Idea Needs Work

The first thing Founders forget is the fact that the startup business idea, as it is at the time of its conception may be completely and totally incorrect. It is the only method to improve the idea is to communicate the idea then break it down and smash it.

You must hammer your startup idea in front of customers advisors as well as investors, partners and everyone else who is willing to hear your crazy oratory and provide real-time feedback.

Once you've shared your story with many people will you get any idea of whether you're on the right path. For more details to visit Share your startup story

But Someone Will Steal It!

They won't. If your concept is that easy to copy and duplicate, then why shouldn't someone other person do it the same day you launch your invention? Are you really thinking that being the first person to announce your idea will grant you immediate security? That's not the case.

Investors aren't going to take your business idea. Not sure? Do some research and look for the pattern of investors who steal ideas from anyone, ever. You've made it up. However, don't worry about it that we've heard it thousand times before from different Founders it's not just you! one!

Share the Meal, not the Recipe

In the unlikely situation that you have a secret recipe you don't want to divulge, do not. You don't need to explain how the product was made or even what it does. If nobody cares about how it's made the secret recipe will be useless.

Then, you can contemplate patents and Non-Disclosure Agreements , as well as all the other defenses that could cost you a lot to make and defend. In the meantime, focus on whether or not anyone else than you thinks that this is beneficial. Tycoonstory gives the opportunity to share the challenges of being an entrepreneur and offers a regularly updated resource on entrepreneurship.

Set Your Business Idea Free

What you'll find out as you begin to share your ideas is that they're likely not the best one. It's inevitable to try 20 different variations of your idea until you realize the exact direction you're supposed be looking at. In certain cases, you'll discover that the idea was not a good one at the beginning but that's fine too.