Hello I am new and I need Advice
My name is Patrick and I live in Chicago. I am not a great writer so I apologize for any grammatical errors or if this is hard to follow. I need help with my business idea and if I find the right person to help me maybe I'll take them with me for the ride.
Without giving away to much informationI have a personal need for a product in my life. This product has been around for many years but by many means is not perfect. It has a flaw that no one has been able to figure out but I think I have found a company that can fix one of it's main problems. There are about 4 main producers of this product.
There is a small possibility that the company that can fix the flaw is a client to one of the main producers.
I want to get started as soon as possible but I do not want to ruin my chances of making this work. Do I send an NDA to the company that I think can fix the flaw first to find out if it is even possible?
What if it is? Then what? I do not have the Capital to go up against these 4 major companies.
To be honest fixing this flaw and making a better product would be great but this would not be a huge money maker. It could bring in some nice income and I think it could lead to other products in the future but it would bring a lot of happiness. .... Thank you for any help.