by Alan | Jul 26, 2015 | Ideas, Invention, Invention marketing companies, Investors, Keys to Success, Licensing, Royalty rates, Strategy, Why inventors fail
Many promising inventions fail to achieve success in the marketplace. Why? There are many reasons. In today's blog, I want to discuss three key pitfalls that can and must be avoided for an inventor to achieve success with his or her product. Below are three common...
by Alan | Jul 2, 2015 | Career success, Invention failure, Keys to Success, Persistence, Resourcefulness, thriving in chaos, Why inventors fail
Entrepreneurs must be prepared to take risks, sometimes spectacular risks. Billionaire technology mogul, Elon Musk, famously accrued $165 million from the sale of his share of PayPal to eBay. He then invested virtually all of it into three speculative ventures: Solar...
by Alan | Jun 27, 2015 | Career success, Innovation, Invention, Invention failure, Keys to Success, Marketing, Patent Search, Patent strategy, product pricing, Success rates, Why inventors fail
Every great invention begins first with an idea, an aha moment. Dealing with problems often points to unexpected opportunities. Not surprisingly, many invention ideas are solutions to annoying problems. Now that you have your aha moment, your great idea, what should...
by Alan | Jun 13, 2015 | Career success, Innovation, Invention, Invention failure, Keys to Success, Marketing, Patent Search, Patent strategy, product pricing, Success rates, Why inventors fail
Like most businesses, invention has its myths and its maths. Myths are beliefs that, while intriguing and enticing, simply are not true – they are myths. Maths are the opposite of myths; they are concepts that are intrinsically true, but, far from being...
by Alan | Jun 3, 2015 | Career success, Financing an invention, Invention, Invention failure, Invention marketing companies, Investors, Keys to Success, Licensing, Why inventors fail
When I was a child, one of the first lessons I learned from my parents was “follow the rules” – of appropriate behavior. Throughout our adult lives we learn to ‘follow the rules' for success in our career (show up on time, get projects finished...
by Alan | May 31, 2015 | Career success, Invention, Keys to Success, Licensing, Marketing, Paths for your product, Product development, Why inventors fail
It is often said that new inventions fail 95% of the time. I believe that new inventions fail 100% of the time! Notice I put “inventions” in italics for a reason. Inventions fail 100% of the time because an invention is nothing more than a blueprint: Idea...