5 Actions You Must Take to Assure a Successful Invention

When you have a new idea for a product or service, there are 5 crucial actions you must take to assure your success. Getting a patent is not one of them. Typically, 70 percent of patents filed are granted. But, only an estimated 2-3% actually makes money. Many inventors and entrepreneurs whose products failed didn't follow these 5 actions.

You need to think of yourself as more than just an idea person. Think of yourself as a product developer and marketer. To improve your chances for success, perform the following actions for your idea before filing a patent. I ve used the acronym IDEAS to guide you.

Read full story