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Protect Yourself – Should I share my business idea with others? Ask Evan


hi I’m Evan Carmichael welcome to

hi I’m Evan Carmichael welcome to another edition of ask Evan in today’s

another edition of ask Evan in today’s

another edition of ask Evan in today’s episode I’m gonna answer a question from

episode I’m gonna answer a question from

episode I’m gonna answer a question from one of our readers Dave who is an

one of our readers Dave who is an

one of our readers Dave who is an inventor created a product about 15

inventor created a product about 15

inventor created a product about 15 years ago and got burned somebody

years ago and got burned somebody

years ago and got burned somebody basically took his idea ran with it and

basically took his idea ran with it and

basically took his idea ran with it and made money and he got kinda screwed over

made money and he got kinda screwed over

made money and he got kinda screwed over there and now he’s worried about sharing

there and now he’s worried about sharing

there and now he’s worried about sharing his new ideas and being able to build a

his new ideas and being able to build a

his new ideas and being able to build a business off of them so one of my advice

business off of them so one of my advice

business off of them so one of my advice on what to do so Dave my advice you do

on what to do so Dave my advice you do

on what to do so Dave my advice you do have to be cautious with who you tell

have to be cautious with who you tell

have to be cautious with who you tell your business idea to so you don’t want

your business idea to so you don’t want

your business idea to so you don’t want to broadcast it everywhere online and

to broadcast it everywhere online and

to broadcast it everywhere online and clearly lay out exactly how you’re gonna

clearly lay out exactly how you’re gonna

clearly lay out exactly how you’re gonna be successful with your company but at

be successful with your company but at

be successful with your company but at the same time you can’t do everything

the same time you can’t do everything

the same time you can’t do everything yourself and you don’t see successful

yourself and you don’t see successful

yourself and you don’t see successful entrepreneurs do everything themselves

entrepreneurs do everything themselves

entrepreneurs do everything themselves so you’re gonna have to go out and get

so you’re gonna have to go out and get

so you’re gonna have to go out and get help and if you don’t tell people about

help and if you don’t tell people about

help and if you don’t tell people about your idea noticin be able to help you

your idea noticin be able to help you

your idea noticin be able to help you out and if you horde it yourself you’re

out and if you horde it yourself you’re

out and if you horde it yourself you’re not really able to turn it into a

not really able to turn it into a

not really able to turn it into a successful business so you’re going to

successful business so you’re going to

successful business so you’re going to have to tell some people about it and

have to tell some people about it and

have to tell some people about it and recognize that you need help beyond what

recognize that you need help beyond what

recognize that you need help beyond what you know how to do with your business so

you know how to do with your business so

you know how to do with your business so with every entrepreneur every successful

with every entrepreneur every successful

with every entrepreneur every successful story you see that they’ve gone out and

story you see that they’ve gone out and

story you see that they’ve gone out and gotten people to join them and help them

gotten people to join them and help them

gotten people to join them and help them and you know they build a business

and you know they build a business

and you know they build a business together so you will have to go out and

together so you will have to go out and

together so you will have to go out and tell people about it and I appreciate

tell people about it and I appreciate

tell people about it and I appreciate that you’ve been burned in the past and

that you’ve been burned in the past and

that you’ve been burned in the past and it could be difficult for you to get out

it could be difficult for you to get out

it could be difficult for you to get out there and you know trust people but

there and you know trust people but

there and you know trust people but that’s gonna be part of the the process

that’s gonna be part of the the process

that’s gonna be part of the the process because if you don’t do it you’re gonna

because if you don’t do it you’re gonna

because if you don’t do it you’re gonna hold on to it yourself and you’re not

hold on to it yourself and you’re not

hold on to it yourself and you’re not gonna be able to turn it into a

gonna be able to turn it into a

gonna be able to turn it into a successful business

successful business

successful business so you do have to get out there you do

so you do have to get out there you do

so you do have to get out there you do have to tell people about the business

have to tell people about the business

have to tell people about the business idea and recognize that the the benefits

idea and recognize that the the benefits

idea and recognize that the the benefits of telling people and they ought to

of telling people and they ought to

of telling people and they ought to somebody be able to help you out far

somebody be able to help you out far

somebody be able to help you out far outweigh the risk of somebody coming up

outweigh the risk of somebody coming up

outweigh the risk of somebody coming up and taking the idea and running with it

and taking the idea and running with it

and taking the idea and running with it the execution is far more important than

the execution is far more important than

the execution is far more important than the idea for most businesses so it’s

the idea for most businesses so it’s

the idea for most businesses so it’s more about how you run with

more about how you run with

more about how you run with idea than the idea itself and to do that

idea than the idea itself and to do that

idea than the idea itself and to do that you need a really qualified team around

you need a really qualified team around

you need a really qualified team around you so you have some expertise that you

you so you have some expertise that you

you so you have some expertise that you bring to the table you you know created

bring to the table you you know created

bring to the table you you know created the idea you have some ideas on how to

the idea you have some ideas on how to

the idea you have some ideas on how to make it work but you’re going to have to

make it work but you’re going to have to

make it work but you’re going to have to surround yourself with the team who can

surround yourself with the team who can

surround yourself with the team who can help you take that up to that next step

help you take that up to that next step

help you take that up to that next step so hopefully that’s convinced you to

so hopefully that’s convinced you to

so hopefully that’s convinced you to want to get out there a little bit and

want to get out there a little bit and

want to get out there a little bit and share your idea obviously you want to be

share your idea obviously you want to be

share your idea obviously you want to be a little bit cautious over who you share

a little bit cautious over who you share

a little bit cautious over who you share it with but you you will have to get out

it with but you you will have to get out

it with but you you will have to get out there and tell people about the idea so

there and tell people about the idea so

there and tell people about the idea so I hope that helps date everybody else if

I hope that helps date everybody else if

I hope that helps date everybody else if you like the video please give it a

you like the video please give it a

you like the video please give it a thumbs up I love seeing those thumbs up

thumbs up I love seeing those thumbs up

thumbs up I love seeing those thumbs up come in and if you have any other

come in and if you have any other

come in and if you have any other thoughts to add to this please out a

thoughts to add to this please out a

thoughts to add to this please out a comment build a video and we’ll see you

comment build a video and we’ll see you

comment build a video and we’ll see you on the next episode

”

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