Successful entrepreneurs do not know the meaning of resignation. Their lives are comprised of constantly reaching for what others think is not possible. Ruth Ellen Miller was told, "No, it can't be done" too many times when she broached her business idea to more established enterprises in her field. With sheer determination, talent and creativity, she not only prove her … [Read more...] about Ruth Ellen Miller: A Woman Inventor’s Ingenuity and Determination to Succeed
Invention
How to Make Money from Your Inventions
Creating a product is one thing; bringing it successfully to the market is another. There are hundreds of thousands of inventors who have the talent and flair for creating their own products. However, only a small percentage is able to profit from the invention's success. Many lack the resources to manufacture their products, even develop a prototype. Others are not able to … [Read more...] about How to Make Money from Your Inventions
How to Protect Your Business Ideas
If your business is built on a truly original idea, one of the first steps you need to take is to get a legal protection of that idea. You need to consider the protection of your intellectual property early in the formation of the business. It is heartbreaking to find that the idea you've worked so hard to conceptualize and develop is stolen by other people and companies. … [Read more...] about How to Protect Your Business Ideas
Importance of Focus for Inventors and Entrepreneurs
One of the most important pieces of advice that I can give inventors is to focus. That is, to devote your inventing to an area where you develop experience, contacts, and a track record. The advantages to focus include having the chance to learn all of the players, seeing what works and what doesn't, and developing a reputation (helping to open doors). Each market today … [Read more...] about Importance of Focus for Inventors and Entrepreneurs
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 … [Read more...] about 5 Actions You Must Take to Assure a Successful Invention
How to Get Your Consumer Invention to Market
So you have an idea for an invention? What do you do now? The most successful hair accessory in history, the TopsyTail, made 100 million dollars. This did not happen by miracle or chance. The key was a well-conceived and executed plan. Following an informed approach will help you turn your invention into a bonanza of extra income. Getting Started: The Ideabook Keep a … [Read more...] about How to Get Your Consumer Invention to Market
