Loading...
Answers
MenuHow do you know when you are giving off too much information to anyone?
How can you differ or understand when you are giving off too much information about your business, your product or your idea.
Does it come with experience to gain that "realization trait" or it is something which we should already know?
Answers
My experience with the different aspects of confidentiality ranges from military/government, through corporate R&D (at IBM Research) and as an executive in the private sector (as CEO and founder of a tech company).
Of course, if the disclosure of any details could do harm for anyone outside yourself or your organization (as is the case in government applications) - then the information should not be disclosed.
If the information is an idea, my experience has been that people are too worried about sharing ideas. I've had many situations where I disclosed the details of my idea in full, to people who have the resources to compete with it against me if they wanted, and I have never had anyone do that. To make an idea reality you have a thorough mental image in your mind of what the final product would look like, and chances are only you have that image at the necessary level of detail.
Regarding specific product information (when it is not publicly available) or quantitative business data (like forecasts): I have always been very careful with those, and only disclosed after signing an NDA. I also viewed the disclosure as a point of no return in the relationship, and assessed how much I personally trust the person I share the information with.
I'd be glad to chat further and provide more input based on the specifics of your debate.
-- Ran
If you talk to someone and they leave feeling like they know exactly what to do and how to do it, you gave them too much. To quote The Joker ' If you're good at something, never do it for free'
Even if it takes you 30 minutes to explain, it probably took hours upon hours to figure out. Time is money.
Presentation is the second step , plan or preparation is the first step. Any person you meet , even for a sudden meeting in next 5 or 10 minutes , take few minutes to answer these 2 questions for yourself,
1. what is this persons background ?
2. what can i expect from him ?
Now you have framed the context and automatically your presentation will fit into it.
All the best !!
t
Related Questions
-
What companies have successfully implemented both B2B and B2C products or services? Which should I start with for the non-profit sector?
I would suggest the first question to ask is "what problem do I solve?" And of those people I solve problems for "who do I create the most value for?" In the non-profit world you need to add "How does my business help the non-profit run better and/or help the group the non-profit focuses on?" For example, if you've created a platform that drives donations, your company "has created a platform that helps you reach fundraising goals faster." What you don't want to do is market and sell to B2B and B2C audiences simultaneously. They have different ways of buying - a B2B audience needs to have their benefits quantified (using your thing makes me x amount more) - and it's extremely hard for a startup to be able to do both well. Better to start with one, execute really well and move into the other. Feel free to give me a call and we can dig into who your most valuable audience is.AV
-
What advice do you give to a 16 year old entrepreneur with a start up idea?
First, hat tip to you for being a young entrepreneur. Keep it up! If you have the funds to build out your MVP, hire a developer and possibly a mentor. If your idea is marketable, you don't need to give up equity by bringing in a co-founder. If this is your entrepreneurial venture, I would recommend you do retain a coach to help you see all the things you may not know. Have you already done your SWOT analysis? Have you identified your target market? What is your marketing plan? What will be your operating expenses? There are lots of questions to ask. If you would a free call, I'd be happy to help you in more detail. Just use this link to schedule your free call... https://clarity.fm/kevinmccarthy/FreeConsult Best regards, Kevin McCarthy Www.kevinmccarthy.comKM
-
How can I become an idea person, as a professional title?
One word: Royalties This means you generate the idea and develop it enough to look interesting to a larger company who would be willing to pay you a royalty for your idea. This happens all the time. Rock stars, authors and scientists routinely license their creative ideas to other companies who pay them a royalty. Anyone can do it. Your business, therefore, would be a think tank. You (and your team, if you have one) would consider the world's problems, see what kinds of companies are trying to solve those problems, and then develop compelling solutions that they can license from you. You have to be able to sell your idea and develop a nice presentation, a little market research and an understanding of basic trademark and patent law. The nice thing about doing this is that if you develop enough cool ideas you will have royalties coming in from a lot of different sources, this creates a stable, passive revenue stream that requires little or no work to maintain. Start in your spare time and plan on the process taking 3-5 years. Set a goal to have a few products in the market that provide enough revenue (royalties) to cover your basic living expenses. Then you can quit your day job and dedicate more time and increase the momentum. A good idea business should have dozens, if not hundreds of license contracts generating royalties. It's possible to pull this off. And it is a fun job (I'm speaking from experience).MM
-
I have this social media idea,but no coding skills. How do I get someone to do the coding (cant afford to pay them) and not give away half of my idea?
Dilip was very kind in his response. My answer might be a bit on the "tough love" side. But that's for you to decide. My intention, just for the record, is to help you (and those like you) on your path to success. And that starts with having a viable philosophy about entrepreneurial-ism and business. And I'm going to answer this because I get asked some form / version of this question very frequently from newcomers to entrepreneurial-ism. The scenario goes something like this: "I have a great idea. It's amazing, I love it, and I just KNOW it's gonna make me a ton of money. But I have no money right now so I can't afford to (fill in the blank with things like "to build it / create it / market it / etc" or "to hire the required staff needed to work in my business to sell it / develop it / etc"). And I don't want to tell anyone about my great idea because I'm worried someone will steal it and make MY million / billion dollars. But I can't afford to legally protect it either... So how do I launch without the skills to personally create the product AND no money to hire anyone else to do that either??" The answer is ... You don't. Look - let's be honest. All you have is an idea. Big deal. Really. I'm not saying it's not a good idea. I'm not saying that if properly executed it couldn't make you a million / billion dollars... But an idea is NOT a business. Nor is it an asset. Until you do some (very important) initial work - like creating a business model, doing customer development, creating a MVP, etc - all you really have is a dream. Right now your choices are: 1. Find someone with the skills or the money to develop your idea and sell them on WHY they should invest in you. And yes, this will mean giving up either a portion of the "ownership" or of future income or equity. And the more risk they have to take - the more equity they will want (and quite frankly be entitled to). 2. Learn how to code and build it yourself. MANY entrepreneurs without financial resources are still resourceful. They develop the skills needed to create what they don't have the money to pay someone else to do. 3. Get some cash so you can pay someone to do the coding. You'll probably have to have some knowledge of coding to direct the architecture of your idea. So you will likely still have to become knowledgeable even if its not you personally doing the coding. (This is not meant to be a comprehensive list of options... And I'm sure some of the other experts here on Clarity have others to add - and I hope they do) To wrap up - Here's my final tip to you that I hope you "get"... It's FAR more valuable to have an idea that a very specific hungry crowd is clamoring for right now - One that THEY would love and pay you for right now - Maybe even one they'd pre-order because they just have to have it - Versus YOU being in love with your own idea. [Notice I didn't say "an idea that some as-of-yet-undetermined market would probably love"] I wish you the best of luck moving forward.DB
-
What do you say to people who want to "pick your brain?"
My approach is simple. If it comes from a trusted referal, then I use my free Clarity VIP link and still conduct the call using Clarity. If it comes in cold, and there's no association to a cause, alumni or area of interest, then I just say "I'd love to talk, but I'm heads down with Clarity and other existing commitments - if it's truly urgent and requires my advice, I conduct all these request via Clarity here: http://clarity.fm/danmartell" That works well and sets the expectations. Clay Hebert http://clarity.fm/clayhebert wrote a great post about that here: https://medium.com/@clayhebert/the-new-way-to-say-no-6a7d29282c1dDM
the startups.com platform
Copyright © 2025 Startups.com. All rights reserved.