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 | Feb 7, 2017 | Culling ideas, Focus, High profit margin, Invention, Licensing, Paths for your product, product pricing, Risk versus reward
When I conceived my idea for a thin, flexible wallet invention in 2002, I was very excited about the potential of my invention. But, I had no clue what I should do first. So I found a patent attorney and filed for a utility patent on my product. Ready, fire, aim!...
by Alan | Nov 20, 2016 | Attitude, Behaviors of success, Criticism, Entrepreneurial rollercoaster, Invention, Make the best deal you can, Pursue your passion, Risk versus reward, Setbacks
What is the difference between an attitude and a behavior? Over many years, I have observed that successful inventors exude different behaviors from wannabe inventors. Successful inventors: Embrace risk in a healthy, balanced way Accept criticism with an open mind...
by Alan | Jun 25, 2016 | American Dream, Career success, Invention, Licensing, Paths for your product, Risk versus reward
Many things about inventing seem to be Gordian knots. So, let's keep it a bit simpler in this blog post: there are two paths to success as an inventor: Build a business around your product License your product and collect a royalty based on sales Building a Business...
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 | Nov 26, 2015 | American Dream, Big success, Ideas, Keys to Success, Myth of easy success, Paths for your product, Perceived market value, Persistence, Problem-solvers, QVC, Risk versus reward, Shark Tank
In the prior post, The American Dream: Myth and Reality, I discussed two premises regarding the American dream: Premise 1: It should be Easy to Earn a Lucrative Living Premise 2: Those willing to Take Risk and Work very Hard May Achieve Success It turns out that...