So I Might Have a Multi-Million Dollar Idea, But Have No Clue How to Get It Going

L&HH

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I'll argue there aren't million dollar "ideas" there's million dollar "execution". Most investors don't invest in the idea moreso the team because most "ideas" pivot multiple times before it turns into something viable. Also no offense it doesn't matter how many people tell you something sounds good, it's an entirely different mindset to get them to pay for it.

Personally I don't like "unicorn" ideas because most of them tend to amount to nothing. Meaning the person is so caught up on their "idea" they're too scared to tell anyone for fear of it being stolen (nobody cares to steal your idea and anyone with the capability of doing so are too busy with their own "ideas").

My guess is your idea here involves something technical and you don't have said requisite skills or the money to pay someone else to build it. That means the only way you'll get this idea done is if you convince someone else to provide you the capital (whether their time and skill or their money). This pretty much makes you a salesman. There's nothing wrong with being a salesman and one might argue that it's one of the more important skills any successful entrepreneur can have.
 
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L&HH

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nikka if the idea is that good you shouldn't even be telling your 'friends' the specifics

They'll pull a Flaming Moe on you quick for the right amount
No they won't. This mentality is the problem with a lot of people with "ideas". I guarantee you not one person who he's told this to will even be thinking about it a week from now. Most people are too busy with their own shyt to be "stealing" your "idea".
 

unit321

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So I have this idea and I have passed it off to 5 of my friends, family

1. Friend 1 :ohhh::ohhh::ohhh::ohhh::ohhh: - Yo that's actually a pretty damn good idea

2. Friend 2 :whoo::whoo::whoo: - You sure there is nothing like that?

3. Friend 3 :jbhmm::jbhmm: - Fam!

4. Family - :sas2: - So you gonna just sit on it?

5. Family :ehh: I'm surprised nobody has done this as yet


The problem is it requires money (which I don't have) and that's it. The coli brehs, how you get this thing off the ground without giving away the idea? I was looking at kickstarter whatever, but once you put that out there, anybody could come in and steal it.

help a breh out
If you need a loan, whether it is through a bank or from investors, you need to develop a business plan and present that plan to the bank or investor.
This business plan has to have not only your "magical business idea" but other things like market research, projected earnings and expenses, marketing plans, distribution plans, etc. It sounds like you have an idea without a plan.
 

Nemesis

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If you need a loan, whether it is through a bank or from investors, you need to develop a business plan and present that plan to the bank or investor.
This business plan has to have not only your "magical business idea" but other things like market research, projected earnings and expenses, marketing plans, distribution plans, etc. It sounds like you have an idea without a plan.



a bank will NEVER finance his idea.... NEVER he would need to go with investors
 

mrken12

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Whatever you do don't take advice from The Nigerian. I hope everything works out for the best and we'll support you once you start to get the gears turning for your idea.
 

Slaimon Khan Shah

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I definitely wouldn't deal with the bank, try your best not to deal with interest y'all! Please don't let these bad influences get y'all to mess up your own lives!
Almighty Allaah destroys interest and increases charity.
 
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unit321

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a bank will NEVER finance his idea.... NEVER he would need to go with investors
Yeah, his market research involved pitching the idea to family and friends and they approved of the idea.
 
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