I'd consider myself accommodating and people often come to me for all sorts of advice. Or help with their new amazing idea. It's nice having a reputation of being able to do a wide variety of things, including building companies which many people fantasize about. I have a successful SaaS with a partner that brought me an idea/opportunity because I had built a reputation as collaborative/knowledgeable/accommodating. I'll invest my time and expertise to explore opportunities and people know I'm candid.
However, I get ideas brought to me from everywhere, incl. friends of friends of friends. I'm happy to provide detailed thoughts and notes but now I make sure to challenge the person and the idea.
If it's a good idea, I want them to do some work upfront before I put anything else into it. Sad to say that most people start really excited about their idea, then I'll note that there are companies doing the same or nearly the same thing already, that they need to differentiate, what it's going to take to compete, etc and they will get completely deflated. Most of the time there's no follow up. That's why most people can't be entrepreneurs.
I've helped out way too many people in the past only to have them give up so easily. So if you're in this camp - I'd recommend challenging those that want your help - it's a great filter and also a way to say yes and no at the same time. You'll end up wasting less time and you'll still be open to great collaborations and more rewarding experiences from helping others out.
I've been using this to great benefit also - require the person to put a decent amount of effort into the idea first. Some people resent you for it, but those that are destined to succeed and are able to make it will keep persevering.
I used to not do this and wasted a lot of time in the process. Do you find it hard to shake the reputation you had from before? I know I do.
Yeah it's definitely hard but what helps is to really be upfront and candid about how limited my time is from the beginning.
So if someone refers someone to me, I'll tell them that I'm happy to assist however I can at this point but that my time is limited for the foreseeable future. You can do that directly or just by letting them know what you're currently working on. I want to keep the opportunity open while being honest about how I might be able to assist. Down the road it may even make sense for me to shift my time from one of my other projects/companies to the new opportunity that was cultivated from the reputation.
If it's an area that I'm not interested in, I'll say that too - "the restaurant (tech) business is tough and I don't have expertise in that arena so it's not for me". But I'll usually provide some strategies and let them know that the dialogue is always open with me.
However, I get ideas brought to me from everywhere, incl. friends of friends of friends. I'm happy to provide detailed thoughts and notes but now I make sure to challenge the person and the idea.
If it's a good idea, I want them to do some work upfront before I put anything else into it. Sad to say that most people start really excited about their idea, then I'll note that there are companies doing the same or nearly the same thing already, that they need to differentiate, what it's going to take to compete, etc and they will get completely deflated. Most of the time there's no follow up. That's why most people can't be entrepreneurs.
I've helped out way too many people in the past only to have them give up so easily. So if you're in this camp - I'd recommend challenging those that want your help - it's a great filter and also a way to say yes and no at the same time. You'll end up wasting less time and you'll still be open to great collaborations and more rewarding experiences from helping others out.