Beldaran
06-25-2008, 06:53 PM
I recently had an idea for an internet based business and I want to do some market research to investigate the plausibility and usefulness of my idea.
Does anyone have any advice on how to gauge the market potential of a business idea without showing your entire business plan to a bunch of random people, some of whom may want to steal your idea.
I know ideas are probably a dime a dozen and that execution is the real deal, but still I don't want someone to say "Your idea blows." and then turn around and make a fortune with it.
Anyway, any insights into how to properly test the waters with a business idea would be helpful. I'm not a business major (I'm in engineering), but I'm reading a couple of books on the legalities and challenges of starting and running a small business.
Does anyone have any advice on how to gauge the market potential of a business idea without showing your entire business plan to a bunch of random people, some of whom may want to steal your idea.
I know ideas are probably a dime a dozen and that execution is the real deal, but still I don't want someone to say "Your idea blows." and then turn around and make a fortune with it.
Anyway, any insights into how to properly test the waters with a business idea would be helpful. I'm not a business major (I'm in engineering), but I'm reading a couple of books on the legalities and challenges of starting and running a small business.