by Alan | Jun 21, 2016 | Career success, Innovate or deteriorate, Innovation, Invention, Keys to Success, Success rates, Why inventors matter, Why inventors succeed
Inventors work full time at their “day jobs” and nights and weekends spending time, energy, and capital hoping their inventions will someday “hit it big.” Yet less than 3% of patent holders ever profit from their inventions. Inventors hold the...
by Alan | Jun 4, 2016 | Attitude, Invention, Keys to Success, Licensing, Make the best deal you can, Why inventors succeed
There are many aspects to licensing your invention rather than building a business around your product. Prolific inventor Stephen Key has written many good articles on the benefits of licensing. Let's instead focus more narrowly on 3 keys to licensing your invention...
by Alan | Apr 15, 2016 | American Dream, Annoying problems, Invention, Keys to Success, Licensing, Persistence, product pricing, Product success, Struggling inventor, Why inventors succeed
Everyone wants the good life, for themselves and their families. The frequently overlooked question is: what really comprises the good life? Is it about earning a high income or having wealth and a secure retirement? Is devoting time to family, friends, and loved ones...
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,...
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...