Comments on: “Don’t Share Your Big Idea Because Investors Will Steal It” (And Four Other Stupid Misconceptions)

By: Shonika Proctor, Teen Biz Coach

Shonika Proctor, Teen Biz Coach — Fri, 06 Feb 2009 20:38:48 +0000

Don’t like the business you work for? Then start a better one.

Reality is while you may be entrepreneurial minded and driven if you stop to think about it for a while, you probably don’t have much interest in staying in that industry or doing something similar than you did before. So if you are going to leave, be sure to leave on your own resolve and do that thing which has long inspired you and fulfills your heart.

@teenbizcoach

By: how to manage personal finance

how to manage personal finance — Mon, 02 Feb 2009 17:17:30 +0000

Great post. I currently run a business 50/50 with my best friend and it’s been nothing but good thus far. It’s nice knowing you can trust the person you’re in business with.

By: Exercise: Habits that hurt! « Achieve With Me

Exercise: Habits that hurt! « Achieve With Me — Tue, 27 Jan 2009 19:28:34 +0000

[...] on track. That’s it, Sherlock. Save your mammoth manifesto for your memoirs and get crackin’! – The Toilet Paper Entrepreneur. Possibly related posts: (automatically generated)Times have changed…The last of the questionsOld [...]

By: Protecting an Idea - Millionaire Entrepreneur Forum

Protecting an Idea - Millionaire Entrepreneur Forum — Tue, 27 Jan 2009 17:03:26 +0000

[...] Protecting an Idea Here’s a good article … The Toilet Paper Entrepreneur | “Don’t Share Your Big Idea Because Investors Will Steal It&#… __________________ BEFORE YOU PRIVATE MESSAGE ME, Read [...]

By: Mark Nagurski

Mark Nagurski — Mon, 19 Jan 2009 23:41:23 +0000

I think the first point’s key – even beyond investors.

People get so wrapped up in non-disclosure agreements and the like that they end up never sharing their ideas with anyone – and so nothing ever happens.

I’m an idea addict – in fact I feature cool new business ideas on my site every day – but I’m the first to say that the idea is just the 1% inspiration that you need to make the 99% perspiration both enjoyable and profitable.

By: Mike Michalowicz

Mike Michalowicz — Thu, 15 Jan 2009 19:34:39 +0000

@Karen – I think few people have a business plan, but puff their chests saying they do. I have never had a business plan (or at least one that was of any value).

I do use the 3 Sheet Strategy all the time, and it has worked wonders!

- Mike

By: Karen

Karen — Thu, 15 Jan 2009 19:24:36 +0000

THANK YOU for not making me feel guilty about NOT having the 200 page business plan!!! I tried doing one years ago and was nearly in tears. They may work for some people, but I think you’re definitely right that they don’t for most.

By: Pinny Cohen

Pinny Cohen — Thu, 15 Jan 2009 04:52:05 +0000

I enjoyed the post, but I would be cautious with your statement on #1 – some investors WILL take your idea, so it is important to protect it. I’ve seen it happen firsthand.

By: Angela Haas

Angela Haas — Wed, 14 Jan 2009 16:05:04 +0000

Just to add to the list…Analysis Paralysis…. yes you know the fab idea that you don’t want to talk about because you think someone will steal it…so you think about it all the time, then analyse it to death and make it into a huge success in your mind, and never start it! That’s because of the pressure you feel in writing a business plan and you become overwhelmed!

A wise teacher once told me “schedule in your personal life just as you do your clients” so….Yes I would love to see you tomorrow, I have an “appointment” booked already between 11 and 1 but I can meet you at 1:30. They don’t know you are going to a children’s play, having lunch with your girlfriends or spouse or getting a massage! It’s YOU that makes it a struggle.

thanks Mike great stuff!

By: Adryenn Ashley

Adryenn Ashley — Tue, 13 Jan 2009 16:16:03 +0000

I totally want you to share your 3 sheet program with the attendees at the Monetizing Your Passion Bootcamp (http://myp.eventbrite.com)!!! Many are in the, “but I need a business plan first-itis”! Your awesome technique will blow them away and get them moving NOW! I love it!