Awesome Ideas · Business Development

What way is the best to get meetings to sell a business idea after registering it?

Maybritt Suijk Looking for co-founder, lots of ideas! Join in on the (international) excitement!

Last updated on April 30th, 2020

UPDATE: Thanks for your input! Meanwhile, my question has been answered.


Alf Poor CEO at Ideanomics (Nasdaq:IDEX)

April 26th, 2020

''Ideas are cheap, execution is everything.'' — Chris Sacca While this may seem harsh, it's very true. Ask Friendster and MySpace (popular social networks before Facebook); Lycos, AltaVista, AskJeeves (popular search engines before Google), and many others besides. An idea is great, and I don't want to take that away from you as it's important in your journey as an entrepreneur, but arguably the harder work is the execution so don't be surprised if there's more focus on "how you get there" from interested investors and partners. A good analogy would be the current global effort for a Covid-19 vaccine. The idea is clear and obvious to everyone, in terms of the market size, applicability, and benefits, it's the execution of a creating a successful vaccine that is the challenge.

Steve Lehman Investor, Entrepreneur

April 26th, 2020

Hi Maybritt,

I'm in investor. Like many of my fellow investors, we do not invest in ideas. An idea is just that.....If you are serious, begin to take your idea, develop an MVP, and try to launch a successful beta. Successful beta with a smart management team and strong traction is the road to funding.


If you want to start your business I would suggest StartUP Accelerator. Super cheap right now and everything you need to know to get you to MVP and beyond.

Here is the Accelerator landing page with the link to the application:


http://info.cofounderslab.com/cfl-accelerator-lp


To your success!

Steve

Abdul Malek Founder at The LeadsBox

April 27th, 2020

Hi,

The best way is collect leads and then tell them you have business idea for them. After that when they are interested you can make a deal with them.

Thanks

Leigh Goodwin, MBA I need a solo vacation in the Woods.

April 28th, 2020

Great, tactful response from Alf.

A good idea is made even greater through execution. Executed ideas that actively serve consumers or companies, that drive sales and profits make a good idea great.

Dimitry Rotstein Founder at Miranor

April 26th, 2020

You don't need to register an idea to pitch it. Unless it's a military secret or something, but then it's not yours to pitch anyway. Some ideas can be patented, but you don't need to run to a patent office before pitching the idea - just don't go too deep into specific technical details. Anyway, if you want to turn an idea into a success, you don't sell it - that's not how things work, no one is really interested in ideas themselves. What you need to do is to implement the idea and turn it into a viable and successful business. Then you can sell the business (if you want to, of course). The first step is to find a co-founder or two, who will help you build the product or service or whatever your idea is all about. So I guess you're in the right place :-)

David M

April 27th, 2020

All of these people are stating the obvious. Yes ideas are cheap. Great how does that help you? What they fail to state though is while ideas are cheap, great ideas are rare. You may have a great idea so don't be discouraged by someone just saying ideas are cheap. You do need to build a business around that idea. If you are pitching to find a partner that is different than pitching to investors. Consider evaluating the opportunity that building a product or service around your idea offers. From there, work on a business plan. You should read up on forming an LLC or incorporating a company to limit your liabilities. Within that structure, you can work on protection foundations such as a patent. What is the industry you are pursuing? BTW, I wouldn't pay a dime for an accelerators or any other service supposed to help entrepreneurs. I have yet to find one that is not selling dreams of rainbows with a pot of gold at the end or is nothing more than a huggy huggy group session where people talk about entrepreneurship while getting the free coffee they paid $300 a month for.

AShu Co-founder I CTO I Co-adviser I Full stack developer

Last updated on April 28th, 2020

Nothing because no will buy just idea only . Because idea is like dream and business product is reality. Idea is like experiments objective and product is like result of experiments .

So if you want change dream or objective into reality or result you need a good execution plans and strategy's . This is crucial part of any business developments .

Let me tell you my experience when i was new to in startup world then everyday i make idea and go to my close friends to discuss it then they find holes in my idea . Then i try to solve that issues go again to my friends which have knowledge of that fields . This process's occur again and again , at last if i failed due to many cause like sometimes resources problem , sometimes strong competitors all ready in the markets or many more then i change my ideas' and explore new field so i get new ideas.

Believe Me i failed many times i am not sure around 50s or more time.

At last i found a experience "sometimes we feel that we have great ideas but in realty things different". So without implements no one can predict exact value of idea real value but lots of discussions on your idea with that field people refine and then you will get what is approx. value of your idea which is helpful for choosing right direction.

And If you feel your idea have great future then don't try sell where as try to implement because no one more sure about then you

I hope you get some valuable lesson from my failures .

Have a great business journey

Thanks

Ashu


Young Lee Venture OM, Process Development

Last updated on May 12th, 2020

To sell an idea, you have to either prove demand or have exclusive knowledge. Many people do buy ideas and I worked to buy IPs for a software company.

Easiest way to prove demand is with a wait-list. When you have people signup for your product/service and say "this many people are already waiting and it is just a matter of making it" is often enough.

However, it is quite dangerous because many companies will be very interested in hearing your idea, actually, but will just pass the idea onto their employees or partner companies. It is cheaper that way and many companies will even take an existing business operation, duplicate it, and kill the original when they see it being profitable.

If you have an exclusive knowledge to make it work, patent or copyright, then you are better protected.

What I would do in the idea-stage is to find a partner. What skills do you lack? Can you do everything yourself? I draft/adjust contracts for a company but I buy templates for my own business attempts. Even when you are good at something, it is often a great waste of time to DIY if that something is not the focus of your business.

Jeff Khoury Manager, Infrastructure Engineering at UCLA IT Services

April 27th, 2020

Ideas are a dime a dozen.


In order to get paid, you must show -value-. Value lies in execution and marketing, and that requires...


...wait for it...


...work.



Steve Owens

April 27th, 2020

In working with startups for 30+ years, I have never seen anyone sell an idea - and I have seen a lot of people try. For a lot of reasons, an idea without a business that proves the idea "works" is pretty much worthless. There are very few exceptions.


Most companies have many more ideas than money to pursue those ideas - why would they pick your idea over their own ideas that they already own.


Turn the idea into a business the generates customers and profit, then sell the business.