by Alan | Dec 11, 2016 | Behaviors of success, Due diligence, Invention, Invention marketing companies, Prototypes, Research, Why inventors fail
Every day across America, across the globe, thousands of new inventors have their first aha moment: an idea for a new invention to solve an old problem. In March, 2002, I dreamed up an idea for a thin, flexible wallet to solve the ‘rump bump' problem. A flood of...
by Alan | Feb 4, 2016 | Creativity, Focus, Ideas, Innovation, Invention, Marketing, Problem-solvers, Surveys, Why inventors fail, Why inventors succeed
The Gordian Knot is a legend of Phrygian Gordium associated with Alexander the Great. It is often used as a metaphor for an intractable problem (disentangling an “impossible” knot) solved easily by loophole or “thinking outside the box”...
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 | Nov 8, 2015 | Ideas, Innovation, Invention, Invention failure, Invention marketing companies, Licensing, Patents, Why inventors fail
Much is written about what inventors should do to be successful. But, equally important is what inventors should avoid doing to be successful: inventor no-no's. Below are three no-no's every inventors must avoid to achieve success. No-No 1: Rushing out to File a...
by Alan | Oct 31, 2015 | Financing an invention, Ideas, Innovation, Invention, Keys to Success, Licensing, Patents, Perceived market value, Product success, Royalty rates, Strategy, Success rates, Why inventors fail, Why inventors succeed
Very little is written about the real world of inventing. Many wannabe inventors love to do the following: Come up with ideas for new products Create working prototypes of our ideas Hope to find someone to “buy” the idea or invention To succeed as an...
by Alan | Sep 3, 2015 | Innovation, Invention, Invention failure, Licensing, Royalty rates, Why inventors fail
You presented your innovative new product to a manufacturer and great news, they are proposing a licensing deal to you! Congratulations! Inventors often spend years attempting to license their product unsuccessfully. Now don't kill the deal before it is done! Many...