Forums: Discussions for entrepreneurs and small business.

Hi,

Based on your entrepreneurial experience, what should someone do to keep and grow a startup business that is attracting attention from well funded competitors?

Let`s say you`re starting a business and you don`t have the capital to fight with multi-millions company. How should I prepare myself before going live with the idea?

Thanks,
NTM

Are these other competitors already doing the same thing as you are? Or would you maybe be able to patent the process or item you`re getting ready to sell? In other words, how unique and different is your product?

Hi CraigL,

The process (or the method, I am not sure what`s the difference yet :( ) and the software (the real implementation of the process)I have in mind, is not used by anyone else on the market.

Between the moment of applying for a patent and copy cats showing show up, I estimate 6 months advantage(time) against any of them.

regarding the uniqueness, I think that because of the novelty and his capacity of driving business from competitors it will be even considered unethical by many.


Nashu

Well, I`m not a lawyer, but reading what you`ve written, I`d suggest you schedule a meeting with an attorney specializing in patents, trademarks, and copyright law. It sounds like more than a basic legal protection issue, so *spend the money!*