by Alan | Jan 22, 2017 | High profit margin, Invention, Persistence, Resourcefulness
I have written frequently in this blog about the challenges of being an inventor including: The Entrepreneurial Roller Coaster The Lonely Inventor How to Avoid Inventor ‘Bear Traps' Now, I will write about a key challenge to inventors: ‘doubts and demons'...
by Alan | Sep 13, 2016 | Entrepreneurial rollercoaster, Invention, resilience, Resourcefulness, Sacrifice, Struggling inventor
Everyone enjoys entrepreneurial success stories, especially the ones with the aura of “overnight success.” There is almost a formulaic plot line to many of the stories: Paul has a steady job, makes a six-figure income,in a stressful job He resigns from...
by Alan | Dec 8, 2015 | Career success, Creativity, Focus, Ideas, Invention, Keys to Success, Resourcefulness, Strategy, Why inventors fail, Why inventors succeed
Many parents have heard these fateful words from their sons or daughters: Mom and Dad, I'm dropping out of college to become a ——— Fill in the blank with actor, rock star or inventor. All three endeavors have one common thread: many aspire and strive...
by Alan | Sep 27, 2015 | Big success, Keys to Success, Licensing, Marketing, Product success, QVC, Resourcefulness, Strategy, Why inventors succeed
It has been said so many times that it has become a cliche, but here it is again: if you want to succeed you must be persistent, very persistent. Persistence is a key element of all business success, but persistence is crucial to inventing. Why? Inventing is one of...
by Alan | Jul 12, 2015 | Career success, Creativity, Marketing, Patent Search, Patent strategy, Product development, Product success, Prototypes, Resourcefulness
Picture Thomas Edison, toiling away in the late evening hours trying one after another type of filament in his new invention to turn electricity not into heat, but into light. He just tried another filament that looked promising, but it burned in two and produced no...
by Alan | Jul 2, 2015 | Career success, Invention failure, Keys to Success, Persistence, Resourcefulness, thriving in chaos, Why inventors fail
Entrepreneurs must be prepared to take risks, sometimes spectacular risks. Billionaire technology mogul, Elon Musk, famously accrued $165 million from the sale of his share of PayPal to eBay. He then invested virtually all of it into three speculative ventures: Solar...
