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 | Jan 5, 2016 | American Dream, Ideas, Innovation, Invention, Product success, Risk versus reward, Sacrifice, Visualize your success, Why inventors succeed
It is a new year, a great time for reflection and to consider your goals and objectives for 2016. This could be a great time to get to work on your product idea: the one that has been bouncing around in your head, maybe you have made some drawings and tinkered with...
by Alan | Dec 19, 2015 | Career success, Critiquing ideas, Culling ideas, Invention, Invention failure, Patent Search, Patent strategy, Patents, Product development, Product success, Prototypes
You have an idea for a great new product. Now what? What you choose to do next is key to your success (or lack of it). Here are your first three steps: Do your own free patent search on uspto.gov – the US Patent Office website Search everywhere for similar...
by Alan | Nov 18, 2015 | American Dream, Ideas, Keys to Success, Myth of easy success, Risk versus reward
There is much talk and a plurality of articles playing the dirge of death: the American Dream is dead. This recent article from Atlantic magazine is a typical example. If the American Dream is equated to an easy way to make a lucrative living, then I agree, that...
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...
