by Alan | Jul 9, 2017 | Invention, Keys to Success, Licensing, Make the best deal you can, Risk versus reward, Royalty rates
My last post Navigating Your Licensing Agreement to Success was, …. well a success. It seems many readers liked the post. So, I decided to add a Part II to the post. In that post, I mentioned that many inventors get ‘greedy' when they are on the cusp of...
by Alan | Jul 4, 2017 | Invention, Keys to Success, Leverage, Licensing, Make the best deal you can, Manufacturing in China, Marketing, Profitability, Royalty rates, Shark Tank
Everyone has seen a Shark Tank episode where an offer was dramatically canceled, at the last moment. In almost every case, the inventor became a bit too greedy or unwilling to compromise, causing the shark to rescind an otherwise potentially lucrative deal. What a...
by Alan | Nov 20, 2016 | Attitude, Behaviors of success, Criticism, Entrepreneurial rollercoaster, Invention, Make the best deal you can, Pursue your passion, Risk versus reward, Setbacks
What is the difference between an attitude and a behavior? Over many years, I have observed that successful inventors exude different behaviors from wannabe inventors. Successful inventors: Embrace risk in a healthy, balanced way Accept criticism with an open mind...
by Alan | Jun 4, 2016 | Attitude, Invention, Keys to Success, Licensing, Make the best deal you can, Why inventors succeed
There are many aspects to licensing your invention rather than building a business around your product. Prolific inventor Stephen Key has written many good articles on the benefits of licensing. Let's instead focus more narrowly on 3 keys to licensing your invention...
