Hey Everyone,
All these years I had been searching for an oppurtunity where I can step up and say Yeah I have identified this problem and Here is my solution to it. So finally after all these years I guess I have couple of Ideas that are inte linked to each other like a chain. However, lets just talk about a single product or a business that I would like to launch.
Below are few of my concerns.
1. Im planning to approach potential investors with a Business Prototype but it requires both mechanical and electrical knowledge and learning this could be time consuming and others might capture the oppurtunity to enter the market.
2. Even if I find a potential investor and provide them with my plan there are high chances of them copying it and setting up a team which can pull off this project in couple of months while I sit back and learn how to do the technical stuff. So how can I avoid thiskind of things from happening. Since entring the market before anyone else will give an added advantage.
Any guidance on above concerns will be highly appreciated.
All these years I had been searching for an oppurtunity where I can step up and say Yeah I have identified this problem and Here is my solution to it. So finally after all these years I guess I have couple of Ideas that are inte linked to each other like a chain. However, lets just talk about a single product or a business that I would like to launch.
Below are few of my concerns.
1. Im planning to approach potential investors with a Business Prototype but it requires both mechanical and electrical knowledge and learning this could be time consuming and others might capture the oppurtunity to enter the market.
2. Even if I find a potential investor and provide them with my plan there are high chances of them copying it and setting up a team which can pull off this project in couple of months while I sit back and learn how to do the technical stuff. So how can I avoid thiskind of things from happening. Since entring the market before anyone else will give an added advantage.
Any guidance on above concerns will be highly appreciated.
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