Competition is your ally.
It means that you’ve created something that is useful and others want to try their hand at getting some of that success. You can’t fault them for that.And for some startups (at least the really good ones), it’s what forces them to push a little harder and be a little more innovative.
However, you also want to be sure that you don’t get overshadowed by your competitors and a lot of that is going to come down to you, your team, and your level of dedication.
So will someone steal your idea? If your idea is good, probably.
Should you be afraid of that? Absolutely not. Embrace the challenge and make sure you are still number one.
Now, if you have something particularly unique think about whether or not your startup qualifies for any type of patent, copyright or other IP protection. Ideas aren’t protected by law, but real-life inventions are.
Need some help with IP?may be able to help. Check out our website and get in touch for a consultation. We’d be happy to help!