Research the Recipients
Whether you’re revealing an idea to a potential investor, a possible client, or a contractor, do your part in researching that person or company prior to your appointment. Information is so easily available now, a business owner can determine someone’s reputation before deciding to do business with that person. Look for any disputes with previous business partners and make sure the person has established a positive reputation in his or her chosen field
Follow Your Instincts
Coupled with the research you can conduct are your own natural instincts. Often alarm bells go off when you’re in a situation that could present some danger. If someone has taken a particular interest in hearing every possible facet of your creation, ask yourself what that person’s motive could be. Is it to invest? Is it mere curiosity? Or is it possible that the person has money burning a hole in his pocket and all he needs is a good idea to get moving? This is where experience comes in. If you’re interacting with someone who has logged years of experience in the business world and has a portfolio of great companies of his or her own, that person likely has no need to steal anyone else’s idea. If you’re speaking to a newcomer, though, you may want to reveal as little about your business as possible until you can determine that person’s motive.
Research the RecipientsWhether you’re revealing an idea to a potential investor, a possible client, or a contractor, do your part in researching that person or company prior to your appointment. Information is so easily available now, a business owner can determine someone’s reputation before deciding to do business with that person. Look for any disputes with previous business partners and make sure the person has established a positive reputation in his or her chosen fieldFollow Your InstinctsCoupled with the research you can conduct are your own natural instincts. Often alarm bells go off when you’re in a situation that could present some danger. If someone has taken a particular interest in hearing every possible facet of your creation, ask yourself what that person’s motive could be. Is it to invest? Is it mere curiosity? Or is it possible that the person has money burning a hole in his pocket and all he needs is a good idea to get moving? This is where experience comes in. If you’re interacting with someone who has logged years of experience in the business world and has a portfolio of great companies of his or her own, that person likely has no need to steal anyone else’s idea. If you’re speaking to a newcomer, though, you may want to reveal as little about your business as possible until you can determine that person’s motive.
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