The New Corporate Success: Less Corporate, More Success

As I have mentioned in several past posts, today’s landscape of corporate success looks nothing like the picture in the 70s and 80s. Below are some relevant previous posts: Changing Landscape Why Inventors Matter Mellow Monday Part II A recent Gallup poll indicated that on average, Americans work approximately 47 hours per week – clearly 40… Continue reading The New Corporate Success: Less Corporate, More Success

Inventing Basics: Focus, Finance, and Feedback – Part III

The next three blogs will address three topics important to inventors: Focus Finance Feedback Today’s topic: Feedback The process of dreaming up an idea, transforming it into an invention, then a product, and getting it into the marketplace is a meticulous, difficult and lengthy process. Along the way, we tend to become personally attached to the product… Continue reading Inventing Basics: Focus, Finance, and Feedback – Part III

Inventing Basics: Focus, Finance, and Feedback – Part II

The next three blogs will address three topics important to inventors: Focus Finance Feedback Today’s topic: Finance One of the greatest challenge for inventors is that of how to finance their inventions. Inventing is a high-risk profession – less than 3% of patent holders profit from their inventions. A key reason behind the long odds… Continue reading Inventing Basics: Focus, Finance, and Feedback – Part II

Inventing Basics: Focus, Finance, and Feedback – Part I

  The next three blogs will address three topics important to inventors: Focus Finance Feedback The focus (pun intended) of this first blog: Focus. I have touched on this topic in previous blogs including this one. Focus is a key tenet of successful businesspeople. The pundits are always amazed when a business leader remains laser focused on… Continue reading Inventing Basics: Focus, Finance, and Feedback – Part I

Inventing is a Marathon not a Sprint

New inventors sometimes ask me questions like these below: How soon can I get my product “out there”? How long will it take me to get my product licensed? How long will it be before I make money from my product? The above questions have a common denominator: they assume there is a clearly defined… Continue reading Inventing is a Marathon not a Sprint

Successful Inventors Ignore Statistics

In our information world we are inundated with statistics on every circumstance imaginable including crime rates, business success rates, graduation rates, and even inventor success rates. (More on the latter shortly). For a variety of reasons, statistics are widely misunderstood and, consequently, misused. High rates are good, right? Yes and no. For example, US high… Continue reading Successful Inventors Ignore Statistics

Inventing on a Limited Budget

There are many challenges to inventing, not the least of which is: how to succeed on a limited budget. Patents are expensive – approximately $5,000 – $10,000 or more (depending on invention complexity). Developing, marketing, and bringing your own product to market can cost many thousands more. Is is possible for an inventor of modest means… Continue reading Inventing on a Limited Budget