When Should You Share Your Great Startup Ideas With Others?

You've got a great idea for a new startup, and you want to get some feedback. You're expecting to hear great things, but, instead, the people you share your idea with tell you it will not work, so you give up. Then one year later, you read about someone else that implemented your idea and won big.

There's an art about when you should your startup ideas with others, and who you should share your startup ideas with. I'll explain my strategy about sharing startup ideas in today's post.


Read The Video Transcript Below:


So what do you do when you're starting out and you have this great idea and you want to share it with people? And the first thing that happens is you've run into a bunch of haters. This is going to happen to you. I can almost guarantee it and there is, let me just make it really easy for you,and I'm going to go to the more important thing you should do next. You just have to let the haters hate. Don't worry about it, move on because it doesn't matter. It doesn't mean your idea's bad. There are plenty of people out there that are going to rip the best ideas in the world. So this moves us to the more important question, which is "When should we share our great ideas with others and who should we share them with?" That's the much more important thing to ask yourself.

So let's start with the question of when first. Well, you know, personally, if it's me, I want the idea to gestate a little bit. Unless there's a small group of confidants that I have that I really trust and I really believe in that I want to talk to. Those people, I might share an idea with early on to get some good feedback on the rest of the people. I'm going to keep it quiet because you know what happens if you share your idea too soon, you lose belief in the idea and there goes your great idea. And isn't that a shame when that happens?

So that's not what you want. So first start off with a small group, maybe one or two people that you really trust for feedback. Show them the idea, tell them what you're thinking and get constructive feedback on it. That's fine. But everybody else, hold them out of the discussion. Then gradually increase the circle slowly but surely get more feedback.

The people who give you very general feedback, forget it. It's a waste of time. It's a waste of energy. It's not gonna mean anything. What you're looking for is detailed, constructive feedback on what you're doing, those people are going to be worth their weight in gold to you. The rest, which is going to be most of the people., you don't have to worry about them because they're just going to tell you, "ah, your idea sucks and I'll never work. Uh, it's never going to happen. Nobody's gonna buy that."

No, no, no, no. What you want to know is the next question, which is, "Why not tell me the detail behind what you're saying?" That's what you want. So look for the detailed feedback. Be careful who you share your ideas with at the beginning, and then start expanding the circle. I'm Brett at www.brettjfox.com. Have a great, great day.


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