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 | May 8, 2016 | Critiquing ideas, Disappointments, Invention, Keys to Success, Myth of easy success, resilience, Setbacks, Wow factor
Inventors always are searching for new product ideas; and always seek the elusive secret to inventing success. Spoiler alert: there is not a secret to inventing success. Success comes from practicing a combination of many behaviors consistently over time. I separate...
by Alan | Mar 27, 2016 | Annoying problems, Career success, DRTV, High profit margin, Invention, Keys to Success, Visualize your success
Imagine a travel company that advertises a two-day scenic 500 mile train ride through the Great Smokey Mountains for $300. When you ask for schedules, towns connected, details of the train, you receive the following answers: We don't actually have the schedules in...
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 | Jan 10, 2016 | Consumer Electronics Show, Innovation, Invention, Persistence, Visualize your success, Why inventors succeed
I just got back from attending the 2016 Consumer Electronics Show (CES) in Las Vegas. Wow! The CES is the largest trade show in Las Vegas, featuring over 3,600 exhibitors and drawing over 150,000 attendees. From January 6 – 9 innovative new products,...
