Licensing Library
Inventor First Steps
9 articles in this category.
Inventor First Steps
When You Get a Great Idea, What Do You Do Next?
It's really exciting to come up with a new idea. The thought of other people purchasing and using your invention is overwhelming. And, seeing your products in retail stores and on television gives you an even more amazing feeling. I...
Inventor First Steps
Why Licensing Products is the Ultimate Side Hustle
Looking back, when I started teaching people how to bring their ideas to market without starting a business, I had no idea where it would lead. I just saw a need I could meet. At the inventors groups I attended,...
Inventor First Steps
When It Comes to Licensing a Product Idea, Experience Doesn't Matter
It's easier than ever to become an entrepreneur. Creative people have unprecedented access to new markets , to capital , to the public at large . Still, trying something new is intimidating. If you let yourself, you'll always be able...
Inventor First Steps
Want to License an Idea? Avoid These Industries
I have been licensing my own ideas for more than 30 years. For the past 13 years, I've been teaching others how to license theirs. Some industries have embraced open innovation with outstretched arms . They want and need our...
Inventor First Steps
Why Licensing is the Ultimate Form of Outsourcing
Back when companies were smaller, communication technologies were less advanced, and the economy was less cutthroat, businesses could count on internal R&D to drive growth. In today’s world, that’s no longer the case. Innovation is driving the global economy. Demand...
Inventor First Steps
A Quick Guide to Licensing Your Ideas
Companies are looking for your ideas. That’s a fact. Smart businessmen understand and respect that great ideas can come from anywhere -- and anyone. Open innovation makes sense! By seeking out and being willing to accept product ideas submitted from...
Inventor First Steps
The 4 Questions You Must Think Critically About Before Starting a Business
Entrepreneurs are an eager bunch. That’s part of what makes us so great! We’re go-getters. We wake up early. Mondays excite us. (Okay, maybe that last one is a bit of a stretch.) I’ve had the pleasure of working with...
Inventor First Steps
8 Resources for Inventors Today
Like products? Enjoy being creative? Companies all over the world need your ideas to compete in today’s fast-paced global marketplace. You may not consider yourself an inventor, but then again, neither do I. In fact, I’ve never thought of myself...
Inventor First Steps
7 Ways to Let the Market Tell You What It Needs
Every person who has had the courage to start a business has done so with imperfect information. There are always unknowns. We all wonder, “Is this even a good idea? How can I be sure? What can I do to...
