I came up with an idea recently, and I wish to further pursue it. It seems legal as of now, and I believe has a potentially huge market if properly executed, I also have a contact who works in the industry.
My problem is how to present my idea. As of now I am thinking of:
- Inviting my contact for a quick lunch or visiting his business.
- Give him a 10 second explanation of what I plan to do.
- Show him a prototype (It’s actually just a different process of doing something).
- Discuss the legality, cost and consumer appeal of the product.
If the idea has no legal red tape and has the potential to make even a little money, I will pursue it. There is always a lesson in every failure, so I come out ahead either way :)