Re: selling ideas

On 26 Oct 2003 06:33:29 GMT, "Mike Turco"
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><[EMAIL PROTECTED]> wrote in message
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>>
>> Is it possible to sell a business idea ? such as a developed small
>business plan ?
>
>I disagree with Jim and Tony. An "idea" is worth nothing. I can't name a
>single person who has ever sold an "idea". My suggestion is that you must
>build something and then sell it. If you have an "idea" for an
>invention, you have to build the prototype -- at least -- to prove that it
>works. You also have to prove that the product can be manufactured and sold
>at a profit. The same thing goes for a business "idea". Build something to
>prove that it works. Then you can sell it.

I have to agree with Mike.  While franchises are essentially concepts,
marketing, and systems, the key is that they have worked previously.
You can pursue intellectual property protections, such as
non-disclosure agreements, copyright or design patent, but until you
can demonstrate that the idea actually works you have nothing of
value.

You might consider using non-disclosure agreements to show the
business ideas to investors or joint venture partners.  That way you
could demonstrate the ideas while minimizing your personal risk.

Randy Bennett
EC Stratagems
Business Advisory & Coaching Services
>> Uncovering hidden value in markets and products <<
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