Talking to People about One’s Business

One of the principles I have followed through my career as an entrepreneur is an openness to talk about the business I am doing. I have found that this has more rewards than risks. Yes, there is a risk that someone may ‘steal’ an idea but if it were that simple to create a replica, why bother doing it in the first place!

For me, the biggest reward is that talking to others helps me refine the way I think about what we are doing. The best ideas come when someone challenges what we are doing or asks a question on a track which we may not have thought much about. To get the right inputs, it is important to be willing to share what one is doing. Openness gets you more than you have to give.

2 thoughts on “Talking to People about One’s Business

  1. Couldn’t agree with you more.
    And yet you see so many entrepreneurs getting so insecure about sharing anything about their idea. Really, ideas are not that unique. Even as you are working on it, there may be many others who have the same idea. And so if your only edge is that you “know” about the idea, then at best, you have a time arbitrage. On the other hand, if you are confident of your ability to execute and execute well, then you have a potential winning hand! And nobody can take that away from you..

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