Intellectual Property: Why You Should Share
Many business professionals make their livings from sharing ideas, thought processes and insights with their clients and customers. A difficult issue for many business professionals, especially in today's open communication environment, is whether to share this intellectual property openly with clients in order to demonstrate their expertise and generate business or to guard it as valuable proprietary property. Generally, most try to find a middle ground between these two options. Below are some reasons to err on the side of sharing information freely.
Sharing Builds Trust
When working with clients, it is generally best to generate a team-like atmosphere. Playing hide-the-ball with your clients and holding back information can drive a wedge between you and them, not only making current interactions more challenging, but also making the prospect of repeat business much less likely.
Ideas are Only Part of a Consultant's Value
Some business people fear that by sharing too much of their intellectual property they may be minimizing their value. Why hire you or your business if you've already freely shared your expertise? The reality, though, is that clients still need your help to apply your ideas and frameworks to their own situations, and each situation is unique. Very few business problems can be solved by mechanically following a set formula.
Generating Business
It's hard for potential customers to be interested in hiring you if they can't see your work. Business people who share information openly give clients the chance to fully appreciate the value they can offer to their organizations.
Of course, while there is much value in sharing insights and expertise openly, this does not mean that you should not protect what you've created. Protecting your copyright can be as simple and straightforward as clearly including a copyright notice on all of your materials.
Questions about how to find the right balance between sharing and protecting your intellectual property? Contact us at: linda@stratcommunications.com.
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