by Alan | Jul 16, 2017 | Behaviors of success, chaos, Creativity, Entrepreneurial rollercoaster, Ideas, Invention, Pursue your passion, Struggling inventor, thriving in chaos, Uncategorized
I frequently compare and contrast my 30 years working in the corporate world as a telecom project manager versus my 15 years as an inventor and entrepreneur. Virtually none of what I learned in the corporate world was helpful for the inventing world. In fact, the two...
by Alan | Jul 9, 2017 | Invention, Keys to Success, Licensing, Make the best deal you can, Risk versus reward, Royalty rates
My last post Navigating Your Licensing Agreement to Success was, …. well a success. It seems many readers liked the post. So, I decided to add a Part II to the post. In that post, I mentioned that many inventors get ‘greedy' when they are on the cusp of...
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 | Jun 22, 2017 | Invention
I just got back from the INPEX Inventor's Show for 2017 – held in Pittsburgh, PA every year. INPEX is an annual show for inventors from the US and internationally to showcase their products, meet with potential investors or licensees, and make new friends and...
by Alan | Jun 11, 2017 | Attitude, Invention, Shysters
One of the biggest mistakes made by inventors is to blurt out exactly what is on their mind with no rational filter in place. “We'll all make millions with this product!” Really? You are very excited about the potential of your new invention. To wit, you...
by Alan | May 29, 2017 | Invention, Invention marketing companies, Shysters
In the previous Part I post, I role played a story where an inventor, named Sam, had a conversation with a shyster invention marketing company (IMF) with the fictional name Intergalactic Marketing and Patents (IMAP). Unfortunately, the legitimate IMFs are very...