by Alan | Feb 28, 2015 | Career success, chaos, Invention, Invention failure, Keys to Success, resilience, Resourcefulness, Strategy, thriving in chaos, tinkerers, Why inventors fail, Why inventors succeed
As an inventor and consultant, I feel part of my mission is to help aspiring inventors; in some cases by discouraging them from being inventors. Why? The odds of success for a new aspiring inventor are less than 5%, perhaps less than 2% – about the same odds of...
by Alan | Feb 26, 2015 | chaos, Invention, Invention failure, Strategy, Why inventors fail, Wiling to reconsider
I have mentioned in past posts that less than 5% of all patent holders ever make a cent from their products. Some of the reasons are that inventors don't realize how difficult it is to market a product successfully, how costly it will be to develop and distribute it,...
by Alan | Feb 18, 2015 | Ideas, Invention, Keys to Success, Licensing, Marketing, Product success, resilience, Resourcefulness, Setbacks, Strategy, Website for your product, Why inventors fail, Wiling to reconsider
Successful inventors live by the 3 R's of inventing (be) Resourceful (be) Resilient (be willing to) Reconsider Inventors are creative problem solvers. Successful inventors, however, are resourceful in every aspect of their businesses, whereas unsuccessful inventors,...
by Alan | Feb 7, 2015 | Crowd funding, Ideas, Innovation, Invention
Ever since the so-called Great Recession of 2007 – and the subsequent tepid economic recovery that followed – the media is replete with gloom and doom forecasts for a dismal future in the US. Do a Google search on is the US losing its competitive edge and...
by Alan | Feb 5, 2015 | Crowd funding, DRTV, Ideas, Invention, Keys to Success, Licensing, Marketing, Product success, Strategy, Why inventors succeed
I am doing a follow up to my last post, 3 Things I Wish I Knew When I Started, because I felt I had a bit more to say about each that could be of benefit to readers. So, below are some thoughts on how you could build a strategy around the 3 things. There are many...