There's a pretty good chance somebody out there has the same exact idea you have. But don't let that stop you. In today's fast moving world of business, success is more about implementation and less about the idea.
Perhaps your idea is patentable. I can't really provide much help on that question other than to recommend you visit an intellectual property lawyer for the details. Patents are expensive and difficult to protect. Trademarks will help you protect your product, or service names and copyrights will help you protect your words, but a lawyer is better suited to provide you with details in this area.
Do some research and size up your competition, because it probably already exists. The questions you should be trying to answer are:
- Is there a viable market opportunity for my product or service?
- Does my product or service provide sustainable value to this market?
- What's my competition?
- What are my barriers to entry (technology, money, geography)?
I hope this information helps you jump-start the information gathering phase of your new business venture.
Palo Alto Software
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