Reply to I told my friend about the business I’m starting and she crapped all over it

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My answer depends on whether your side hustle is an mlm or not…[/quote]

Op here. It’s not. It’s in the tech/AI/cybersecurity space.[/quote]

I am the poster who said I meet a lot of small businesses as part of my corporate role in supplier diversity - and AI/Tech/Cyber is my industry (albeit for Federal contracts which is not the same as non-Fed).

Shoot your shot! I hope it works out for you. Maybe it makes money through services or license fees. Maybe you can cash out and sell the IP. Maybe you just learn a ton and the skills help you land a better job. Maybe it’s just fun time spent with your husband and a friend. Good luck!

Working with other small and midsized businesses to get feedback on your product is a great idea! If it’s working well and benefitting them, don’t hesitate to ask for some “in kind” services in terms of mentoring. What accounting system do they use? What tips do they have on proposals and RFIs? Can you be a “fly on the wall” in some meetings?

Also beware. If your idea does work and you get a taste of success - there are a lot of people who prey on small businesses and coaches, advisors, business development/sales. Not all of them are scams, but a lot are. There are also more small business networking events and conferences than you can ever go to and a lot of them are expensive in both time and money. There are also free events and you can try that out to get a feel for networking and refining your pitch. You sound realistic, but a lot of these BD people are really charismatic - that’s their job after all. I hope you are successful. [/quote]

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