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Where Can I Sell My Business Ideas?

By: Tim Berry

 

Inspirational quote - Dream big. Take action. With young girl holding origami paper notes rope hanging on wall. Motivational business typography words concept with colorful creative papers.

I get it. What a nice dream … just sell the business idea, and let somebody else take the risk, find the money, and do the work.

idea man bragging

Except that the work, the risk, and the money is what gives the business idea value.

Don’t Dream. Execute.

So nowhere. The answer to your question about where is: nowhere. Business ideas have no value. Nobody owns them. A good idea is like a beautiful day: do something with it or shut up. Execute on the idea or let it go.

Wait, what? Why am I such a downer? Why discourage you? No, I’m encouraging you. Get to work. Get going. Get started. Give that idea value by doing the work to create something with it.

Lean and Mean

Start with a simple lean business plan. Set strategy, tactics, major milestones, metrics, and essential projections.

At the same time, start recruiting a team. Find people you trust with the skills you need. Get people who are different from you, not the same.

And don’t talk about the idea indiscriminately. Tell only people you need on the team, whom you trust. No bragging, no sharing, because the only way you protect your idea, for now, is to shut up.

Ultimately, you protect your idea by building a business on top of it. And people will copy it if it’s successful. So get going, and stay ahead of them.

Published: September 3, 2020
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Source: Tim Berry

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Tim Berry

Tim Berry is co-founder of Have Presence, founder and Chairman of Palo Alto Software, founder of bplans.com, and a co-founder of Borland International. He is author of books and software including LivePlan and Business Plan Pro, The Plan-As-You-Go Business Plan, and Lean Business Planning, published by Motivational Press in 2015. He has a Stanford MBA degree and degrees with honors from the University of Oregon and the University of Notre Dame. He taught starting a business at the University of Oregon for 11 years.

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