Have you ever discussed a business opportunity with a third party?
- Thread starter Shavkat
- Start date
Before i would discuss any business opportunities with anyone, i would make sure the business it self is actually legit before letting others know about it, after that my next step would be to make sure i have the capital to startup first before telling others about.
I Prepare a clear and concise summary of the business opportunity and its potential benefits for the third party.
Then I Research the third party and their business to understand their needs and goals, and tailor your pitch accordingly.
Then I Research the third party and their business to understand their needs and goals, and tailor your pitch accordingly.
When I encounter a business opportunity, I'll give it some thoughts first. If I find it interesting and viable to pursue further, I'll discuss it with a few people I trust and seek their opinion.
I have discussed business opportunity with a third-party multiple number of times.
It can have advantages and disadvantages to discuss your business ideas with a third party. The advantage is that you can get an input that would enhance your idea. The disadvantage is that your ideas might get stolen.
I only discussed business opportunities with my family. I asked for their consideration before starting a business. Because I'm worried that if I talk about this with other people, they will steal my business idea.
I will never talk about business opportunities or business ideas to third parties except to parents and experts. Currently, many people have capital but do not have business ideas. If you tell your business idea and the benefits to be obtained, they will immediately implement your idea. to build a business.
Yes i have an experience with this as well some time back. The biggest mistake you would make is to tell someone your plans, especially in a situation you do not have the needed capital to start it. It would be best you simply keep it to yourself.
It is always proper to get the perspective of others about a business idea that you envisage.
I don't think there is a day that passes that I don't brainstorm business ideas with someone because I am always exploring business ideas.
