How To Succeed With Stealing Other People’s Business Idea
One way to make a successful business concept is to steal ideas from elsewhere. Do not worry, you really did not steal anything. In business, taking others’ ideas are usually called “best practice sharing” or “benchmarking”. The businessmen always do, emulate the best of that done by others, but trying to do it better again.
One way to steal unnoticed by others is to look abroad for inspiration. Discover ideas that work in other countries, and move the idea into the country. Entrepreneurs form a network of Coffee Republic in the UK after seeing the upscale coffee shops in New York City. And e-commerce company Alibaba China took an idea from the American eBay to build their own auction site, Taobao. Or, with the reverse logic, might there be opportunities to export products or services from domestic to overseas?
Some entrepreneurs can immediately run an idea that can not or will not be responded to by the big companies. Large firms usually consider some ideas are too risky or contain many uncertainties. Or companies may see that the existing market is not large enough to enter. Something that is too small for big companies may still be big enough for you. Look at the ideas that were rejected by large companies or large companies fail to do in your field. Maybe you could run the idea in a certain scale.
No matter if you do not know anything about the baby food or Muslim fashion design. You can always learn or find someone who knows it. As long as you bring up a concept that makes you excited, that’s enough for now.