Should you share your business idea?

A successful business is a combination of idea, strategy, plan, implementation and innovation. But people always give the most importance to "idea". If you look at any business around you, each has started with an idea generated in the mind of the entrepreneur. But are all these ideas new ideas. About 90 - 95% of them are not. The success of the entrepreneur is more to do with the rest of the pillars of the organisation than an idea.

An idea which is not implemented is a useless idea. Hence if you have an idea and do not plan to implement the same, it would be best to share with other. Also just because you have an idea will not make you a millionaire or a multi-millionaire. It is the successful implementation of the idea and the continuous innovation of the same which would give you the success.

If you have a look around at the successful entrepreneurs out there. You will see many have made their riches from the idea that they had. But there are also numerous people who have been able to take an existing product or concept and make their riches through better implementation. Examples include Sam Walton, Laxmi Mittal, etc.

There are also other advantage of sharing ideas with your friends. They would act as free counsellors for you. They would be the ones showing you the pitfalls of the idea. And when you finally decide to take a plunge, you would have had a good knowledge of the various positives and negatives of implementing the idea

So go ahead, share your ideas. Don't be afraid. The idea that would make you a multi-millionaire might not be this one