Advice pls. my friend "copied" my idea
mia310
subscriber Posts: 2
Hi,
A little bit about myself. I`m 22 years old and graduated college this past June. With the economy being the way it is, I haven`t had much luck finding work. I thought (and still think) that the best way to find employment is by creating it myself. So I have this idea of starting a food cart business selling Japanese-inspired pancakes.
Anyway, so I`ve been telling my friend about my plans, etc. She`s been very encouraging and giving me feedback. She opened a nacho food cart business this past September. She closed it back in January due to slow sales. Next thing I know, she`s setting up a new cart business selling, guess what? japanese-inspired pancakes!! So I`m really pissed at her.
Having said that, do I have the "right" to be upset or am I just being irrational? I mean I know business ideas (or any idea) are always "copied" from somewhere else. I don`t have a "patent" on the concept. But the thing is, I trusted her with my idea. I`ve never told anyone about it except her and my mom.
I still intend to go through my plan inspite of having someone beat me to it. I`m still scrimping and saving at the moment.
Anyway, your advice would be appreciated. Thanks.
Mia
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Comments
Why not just go into a joint venture with her? approach her about it and do business together or like you said just start your own and do it better than her. Sometime it`s more about the marketing than the food that makes you stand apart from your competitioin.
My exact sentiments, Mitey Mite
Menexis, going into business with her is not an option. No, not because of what she did, but because I`ve noticed that when she was running her nacho stand, she didn`t make any effort to attract customers knowing full well that her sales were doing poorly. She had no marketing strategy whatsoever.
if being upset causes you to be more cautious in the future, it is a good thing. best thing to do is learn the lesson,
Lesson learned indeed.
Matt, I never thought of it that way. Thanks! I feel a little better already. You`re right.
Mia
mia3103/25/2009 11:04 AM
Unless you see a wealth of business in this boutique baked good, you may want to look at other food opportunities. Might I suggest nachos?
I thought the same thing when I found out what she did, that she`s going to fail this one as well. Unless, of course, she`s aware of the mistakes she made on her nacho business.
She will fail simply because she will lose quite a bit of money from the mistakes she will make in producing them, which she won`t be able to sell to the customers. I mean it takes a few tries to get the perfect sphere shape. She should have perfected this before setting up shop. I shared my idea with her to get some sort of feedback back in October or November. She`s never heard of Japanese pancakes prior to that. She ran with the idea after the New Year. So yeah, I guess you`re right. She will make lousy pancakes.
I have spent a good 2 years now on what and how I`ll offer the goods. I`m selling quality and well-prepared food. I, therefore, have a better understanding of the product and each of the ingredients` function that go into producing this product. This, in turn, allows me to not only produce it consistently, but also to tweak the pancake into many different flavors and forms. And, I`m not such a bad cook.
I`ve worked in retail throughout high school and college. I`m pretty good at selling and approaching people. People respond well to me. I just hope they do the same with my product.
Also, I live a good 20 miles from her and live in the nicer part of town. The residents tend to be well-traveled and a bit more sophisticated. I believe they will be more open and willing to try/taste and appreciate something new.
Having said that, I`m not too worried if she sours the market. More customers for me.
It was MY idea. I KNOW it and so does my family. I came up with the concept. As cheesy as it may sound, that`s all that`s important to me. No point in beating myself up (so to speak) for blabbering an idea to a `friend.`
I know the customers will think it was HER idea. I`ve prepared myself for that. I`m willing to do whatever it takes (legally/ethically) to simply do it better than she does. I truly believe I still have the trump card.
Unless you see a wealth of business in this boutique baked good, you may want to look at other food opportunities. Might I suggest nachos?
I do. I know where I want the business to be in its 2nd year, 5th year and what new products to launch in its 2nd year and so forth. I have tweaked the original recipe so much that I`ve now concocted 22 different flavors.
However, if this fails, I do have other business ideas as backup.
You know what`s funny Archer? When she told me she was going to start a nacho business, I told her it wouldn`t work simply because it`s so common. I mean anybody can make nachos at home.
mia3104/9/2009 9:46 AM
Another thing, are you a one trick pony? Anybody can come up with one good idea. The problem is, if they can only come up with one (or as in this case, copy it) they`re not likely to be creative enough to resolve other problems that crop up. Alternatively, consider the idea of becoming a serial entrepreneur. You`ll need more good ideas.