Ep. 252: Business 101: Choosing The Right Idea and Strategy

Sean: How can someone protect their business or content idea from being stolen during pitching? When is it okay to steal and when is it crossing the line? I would say this rarely happens. I would say this rarely, rarely happens. So ideas are cheap. That's what I always say. Ideas are cheap. A lot of people have a lot of ideas. That's the truth. A lot of people have very nice ideas, maybe even brilliant ideas. But if nothing is done about it, it's just an idea, you know. The problem is there are some people who have an idea and they keep talking about it and they don't do anything about it. And then someone thinks that their idea is also brilliant and actually does something about it. That's when we say, oh, that person stole that other person's idea. But in reality, we have a lot of talkers, not a lot of doers. And these talkers talk a lot about their ideas. It's the doers who get to do the idea. So the usual case of this is there's someone who keeps talking about his or her idea, and you just keep talking and talking and sharing it with everyone. Unfortunately, within that crowd, there's someone who's really looking for an opportunity to do or start a business that is perhaps a new idea. We have some companies in our world today that actually were kind of like that, you know. They kind of stole the idea. We have Uber, we have Lyft, Grab, they have the same business model. But the first-ever one that did that business was actually Lyft, but we don't know them now because the others stole the idea and flew with it. That is what I think about this question, right? How do you prevent it from happening to you? Don't talk about your idea to people you don't know, people you don’t trust. Have self-control. I know that as a founder and as a visionary, you might want to keep casting the vision, you might want to keep talking about it. Some founders, some visionaries, that's how they make it grow within their mind and heart that finally, because of telling themselves and other people repeatedly, they finally get the oomph, you know, the drive to do it themselves and to finally start it. That's how they build it themselves. But when you are that kind of person, and you keep doing that, or you start doing that, make sure you're doing it with the right people Youtube: https://www.youtube.com/leadershipstack Join our community and ask questions here: from.sean.si/discord Facebook: https://www.facebook.com/leadershipstack