Ideas are Worth Nothing
So you decided to pursue your ideas after long hours of sitting down and pondering asking yourself is this the right time, is this the correct thing to do? Then a little voice in the back of your head (called fear) who should I tell it to, I'm scared they might take it and run with my precious ideas which is going to make me millions of dollars.
All first time entrepreneurs goes threw these delusions. We are all scared of people stealing our ideas but the truth is that ideas are worth nothing. It all comes down to your experience in the market. You're going after and the execution behind that idea. Your experience determines your success of how well you're going to execute it.
Ideas are worth nothing, its the level of execution behind your ability to execute with the right timing, the right people and the right amount of revenue, but please don't let this scare you, follow your gut, and pursuit it with passion, go out and tell people about your idea. You need to get concrete feedback from others.
If you find that its already in the market and other business's to compete with don't be disappointed. That's great, which means you have a market you can go after. Remember you need competition to motivate yourself to be better and be able to innovate in your market.
So please do be a favor go out, network with others and tell them about your ideas and draw as much feedback as possible.
Guest blog post by Keven Dones of Labortopia
Announcing the RateMyStartup.com site launch
As a fun project I've started a site called RateMyStartup.com.
I've built this site as something to help out early stage entrepreneurs get the word out about their company. Also RateMyStartup.com can be used to help founders get feedback on their business as early as possible. The hope is to create a community where entrepreneurs can go to get advice, guidance and feedback on their venture.
Most startups spend countless hours building a product but find out months later than they have been heading in a bad direction. The goal is that by having a community to share ideas with you will not fall into the same trap. Using this early feedback can help save unbelievable amounts to wasted time and lost productivity.
If your just getting started and would like to hear feedback then please submit your site to RateMyStartup.com. If you already have your business off the ground but would like to promote it in the startup community then please submit your site to RateMyStartup.com.
