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Stunted By Reality Just another know-it-all talking about life, business, technology, sports and music.

29May/13Off

NDAs – Nothing doing anyway

Non-disclosure agreement.

"I thought you said it was revolutionary? It's tripod!"

I subscribed to the spoof startup blog Vooza the other day and duly received my first email today, which was a sketch about the overuse of Non-Disclosure Agreements in startup-land.

A couple of hours later I was on Facebook and I saw an appeal from a friend for an NDA template. Now being an entrepreneurial guy myself I confess I have previously thought that ideas are everything. So I commented as much and thought the gist of what I wrote was worth re-blogging.

As someone who has signed numerous NDAs and who has also made others sign my own NDAs, I get where he was coming from. No one does original ideas any more and especially not in the Zimbabwean business community with its multitude of hair salon and bar 'tycoons'. However, I have now learnt that ideas are never worth as much as the execution. The person who succeeds in business is always the one who executed the idea well. Therefore, an idea done well is better than any NDA because no one will copy it if they can't do it better than you.

 

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