Category: Inventors
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The Inventor’s Business Plan
Inventors frequently swing to two extremes when it comes to their business plan. The first one is simply: have idea – get patent – make money. I can’t even tell you how many ways this is a flawed plan. This plan is relevant only in fantasy land and real inventors can’t afford to live in…
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Too Soon To Manufacture?
A few weeks ago an inventor told me that he was checking into the cost of manufacturing before having his patent search reviewed. This was a bit out of order but not a huge issue. You want to understand the costs involved before jumping off the cliff. However, I found out later that the inventor…
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Inventor Paranoia
Inventors are frequently afraid someone will steal their idea. Some paranoia is good. Too much is crippling. You have to find a balance between protecting your idea and being able to get your idea incorporated into a tangible product that you can get to the marketplace. Here are some guidelines: 1. You can talk in…
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Fatal Mistakes
The most tragic part of inventing is when an inventor with a reasonably good idea makes a serious or fatal error. I see it happen all too often. For instance, getting a patent before you know if your invention can be made at a price someone will pay just means you’ll end up with very…