How do i protect my business idea, before starting out?
I believe I have an excellent idea for a new business or I could even link it to an
already established company. As a single mum I can recieve some assistance through
centrlink. Before I go approaching anyone I would like to know how to protect my Idea
incase it really takes off!! Also any other advice re funding etc. would be appreciated as
I have no capital.
Re: How do i protect my business idea, before starting out?
Unless you patten something, there's really no telling someone else hasn't already thought of your idea. I would go to my local SCORE chapter and tell them about your idea, and they will go over things with you. They are sworn to keep all info private so there will be no spilling the beans on your idea. You may also want to get into attorney's and legal help. As for funding, if you are seeking capitol you're going to have to network a TON and eventually sum up a visual presentation for your "product" once you get someone to see you. Be forwarned that you will here the word NO a lot before someone will hop on and just give you money. Also, start writing a thorough business plan right now including pricing and costs, etc. You could start bootstrapping now by saving every little penny you have. I have a few phone sex sites I've funded myself. Eventually I'd like to bootstrap my own small niche clothing company. Good luck!
Re: How do i protect my business idea, before starting out?
Troll. (Unless his idea is how to save money by living at a Honda dealership...) (A Google search of his address shows many, many weird posts on every forum imaginable...)
Re: How do i protect my business idea, before starting out?
Quote:
Originally Posted by
kortneykay
Unless you patten something, there's really no telling someone else hasn't already thought of your idea. I would go to my local SCORE chapter and tell them about your idea, and they will go over things with you. They are sworn to keep all info private so there will be no spilling the beans on your idea. You may also want to get into attorney's and legal help. As for funding, if you are seeking capitol you're going to have to network a TON and eventually sum up a visual presentation for your "product" once you get someone to see you. Be forwarned that you will here the word NO a lot before someone will hop on and just give you money. Also, start writing a thorough business plan right now including pricing and costs, etc. You could start bootstrapping now by saving every little penny you have. I have a few phone sex sites I've funded myself. Eventually I'd like to bootstrap my own small niche clothing company. Good luck!
Thanks for your reply!
I will do as you say.Maybe I should go to my local score chapter and let them go over things with me.