by Alan | Feb 26, 2015 | chaos, Invention, Invention failure, Strategy, Why inventors fail, Wiling to reconsider
I have mentioned in past posts that less than 5% of all patent holders ever make a cent from their products. Some of the reasons are that inventors don't realize how difficult it is to market a product successfully, how costly it will be to develop and distribute it,...
by Alan | Nov 26, 2014 | Critiquing ideas, Ideas, Invention, Invention failure, Keys to Success, Licensing, Strategy, Why inventors succeed
Success Percentages are Always Disappointing Let's face it, success percentages in difficult endeavors are always disappointing, typically less than 50%, often much less than 50%. In Freshman orientation for engineers, we were told only 1 in 3 of us would graduate...
by Alan | Jul 25, 2014 | Invention, Invention failure, Invention marketing companies, Marketing
In the previous blog – Why Most Inventors Fail – Inventor Greed Kills the Deal, I discussed that all too often a promising licensing deal founders because of inventor greed: insisting on higher royalties than those being offered without attempting to understand...