January 30, 2012

The Backlash of NDA’s and Keeping Your Ideas Secret

Filed under: Uncategorized — Ashley Zimmerman @ 4:05 pm

class

You may have heard the sayings before: All you need is one big idea.  Ideas can be more powerful than guns.  Ideas can change the world.

Naturally, you may feel the same applies to your business idea.  It may be a genius idea that solves a problem or something that has never been done before.  Maybe there is a key aspect that makes your idea different from the rest.  It can be a very exciting feeling.

What should you do with that idea?  You may have been told or assume you require what is called a non-disclosure agreement, which sounds pretty powerful, professional and glamorous in itself.

A non-disclosure agreement is a legal contract that protects the confidentiality of ideas, knowledge and information between two parties.  This sounds and seems pretty necessary.

The ironic downside is, requesting one is an obvious sign of inexperience and may even encourage business relations to fizzle fast.  Why is this?

Professionals know the weight of a non-disclosure agreement and frankly, it is no more than the paper that is signed.  For one, it is nearly impossible to prove who has leaked your idea.  Even so, you will have to spend time and money fighting a legal battle for years – time and money that could be devoted to your idea in the first place.

So knowing this, why wouldn’t they be signed anyway just to make you happy and feel secure?  They probably could, but let’s put it this way:If you were going on a first date, would you ask them to sign a prenuptial?  On top of declaring the elephant in the room (trust issues), your date would probably run away!

If anyone were to sign an agreement, they would then be legally bound to your idea – and any others they may hear like it in the present or future.  If ideas or even approaches ever overlap, you are a risk. Why should a company take this risk?  You may have a great idea, but they do not know how it will be implemented yet.  They do not have anything concrete to validate the reason for their own risk.  The most important aspect of an idea is not the actual idea, but how it can or will be executed.  You will not be able to prove or show this before discussing your idea.

The benefits of discussing your idea far outweigh the possible negatives.  The goal is for people to be excited.  By discussing your idea, you can see reactions to it. You may gain valuable feedback, opinions and facts you did not have knowledge of previously.  In turn, this will also allow you to build future business relationships and even a team.  These are precious valuables for the future any business.

If you are just getting started, you cannot afford to keep secrets.  Keep in mind your focus should not be threats.  You need to have a successful business first in order to have anything worth protecting.  Concentrate on business plans and relationship building; those are the next steps to focus on after you think the idea you have is something to put effort into.

Do You Have What it Takes to be a Business Owner?

Filed under: Uncategorized — Ashley Zimmerman @ 3:58 pm

fish

Are entrepreneurs born or made? Whether you believe in nature or nurture, there are common traits that business owners tend to share.  Some naturally have what it takes and others work hard on expanding them.  What are the most common traits?

Optimism.  Persistence.  Confidence.  Passion.

If you are holding a shriek of glory because this sounds like you (or pouting because it sounds more like a friend of yours), just hold the smartphone for a minute and realize that there can be a flip side to this coin. If someone is born with these traits, it doesn’t mean that Easy Street is just around the bend.  In fact, for some there may be an even tougher obstacle to face ahead. If a confident and passionate risk-taker is not making smart or premeditated decisions, any business can easily transform into a risk itself.

Where can some pitfalls be?  Reflect on these points:

Are You Not Entertained? — What you put in is what you get out.  To receive personal and financial gain, you have to enjoy what you are doing.  If your heart is half there, it will be reflected in your business.

Why So Serious? — There are some times and situations you must take things seriously. Getting sidetracked or losing motivation can be a tremendous killer. Just as athletes train for sports, you will have to think of this endeavor as your own personal Olympics and wear multiple hats.  When you first start out, there may be many times when you have to do many things alone because you do not have the means or financial ability to hire or ask someone else.  In these times, you must have the motivation and the will to get it done.

No Dough, No Show — One of the main reasons for your business is profitability.  Make sure you have a concrete realization of your expenses and a realistic view of income.  What are the expenses for maintaining your business until you begin to see income?

Dreams Feel Real While We’re in Them — This is critical. You need to analyze your own business standpoint, locate and dissect data, and develop conclusions from your own research. The best part is, if you follow and stick to your own plan, you can also revisit them later and track your own decisions. Is there a market for your product or service? Who are your competitors? What makes you different? How will you attract an audience?  Is your business dependent on anyone or anything else? It is important to invest time in this process and develop a business plan.  You may have a great idea, but to make that idea a practical reality, you will have to utilize your own foresight and planning skills.

You Had Me at Hello — Know your customer.  Who is it? Can you picture this person? What do they value? What would a conversation be like? If you can’t connect with this person and offer personalized attention in some way, your business efforts sure won’t.  If they go ahead and walk, you will be left holding your own product or service and they will be looking at your competitor.

People have different values, preferences, beliefs, attitudes and abilities.  Some of these also change over time. Regardless of nature or nurture, they both shape us as individuals. Your business will reflect your own entrepreneurial spirit and success will be dependent upon these basic but important factors. This is also why iScripts offers a wide range of open source software, as well as customizations.

The best realization is there isn’t only one type of person that can succeed.  If you set the bar high and invest in yourself, you will in turn be laying optimum foundation for yourself and your business.

Customer Spotlight: BlingLights Affiliate Program

Filed under: Uncategorized — Ashley Zimmerman @ 3:50 pm
    bling

    BlingLights.com, is a division of BlingLights LLC that is dedicated to selling the finest performance parts available for all vehicles – regardless of type or model.

    Used with the same technology developed for successful campaigns in IMSA, SCCA and Indy racing, BlingLights offers impressive lamps important for visibility, safety and appearance purposes.

    In pairing with iScripts, BlingLights has now established a two tier affiliate program.

    This multifunctional system allows the admin, affiliates and sub-affiliates to organize and collaborate payment and shipping processes with the warehouse.

    We were happy to bring BlingLights a more productive and efficient system catered towards their specific business needs!  If your site needs custom programming or other customizations, visit our Customizations page.

    affiliates

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