-- Inventors' Top Ten Most Common Mistakes and Tips to Avoid Those Mistakes by Don Kelly
-- #1 STUBBORNLY INDEPENDENT ~ Often, Inventors are too independent and
isolated, unaware of resources and networks. They mustn't hesitate to seek
advice, and never should ignore previous work of others in the same field.
Networking may be the most important tool of all.
-- #2 BELIEVE SOMEONE ELSE WILL PAY ~ Inventors too often think theyve done
their part by dreaming up the solution to a problem. Others, they believe,
will work tirelessly and without remuneration just to be part of the dream.
Inventors must realize that the inventing step is often the easiest part of
the innovation process. They'll need to take a team approach from that point
forward.
-- #3 LACK INVENTION RECORDS ~ Inventors can be too lax about record keeping.
In this business, the early dates of conception and invention development
stages can be critical. Under present patent laws, inventors should have
clear and witnessed journal entries. Keeping good records also helps the
inventor stay organized and self-directed in terms of timelines and goals.
-- #4 WILL NOT LISTEN ~ Inventors commonly ignore feedback they don't like.
That's why they talk only with friends and associates about their
inventions. Those are the people who always will say "Your baby is
beautiful."
They must step outside of their safety nets and seek the
opinions of non-friends/relatives who indeed may point out: "Hey, this baby
is really somewhat ugly." If it's broken, they need to know it and need to
fix it.
-- #5 EASY MARKS FOR SCAMS ~ Sadly, inventors are sitting targets for illicit
businesses promising to patent and market any and all inventions (for a
sizeable fee, of course). Invention Marketing Scammers are quick to profess:
"Your baby is beautiful." With those four words, they rake in more than $200
Million each year from people who can least afford it. The best advice where
scams are concerned is the old saying: "If it sounds too good to be true, don't believe it."
-- #6 DON'T COMPLETE THEIR INVENTIONS ~ Inventors are almost always too quick
to believe the invention is finished and beyond any improvement. This is
never true. Being reluctant to work on the inventions next generation, the
inventor paves the way for those who can, and will. They should back off
from their "babies" and take a new perspective: How could it work better?
-- #7 TALK TOO MUCH ~ Premature public disclosures or sale offers may cause
loss of patent rights and significant advantage to competitors. Inventors
should secure their patent rights before talking to others, except under
strict conditions of confidentiality.
-- #8 PROCRASTINATE ~ Just can't get around to taking action on an idea. They
too often don't realize this until they've seen their invention on store
shelves. This mistake can be avoided by good record keeping habits and by
"doing" rather than "talking."
-- #9 WILL NOT PLAN ~ Most inventors recognize are late in recognizing they must have a plan. An invention is a business opportunity - - nothing more and nothing less. To seize the opportunity inventors need a technology development plan and a business plan; and they need an infrastructure to carry out these plans.
-- #10 IGNORE FAMILY ~ The Achilles heel for the ambitious inventor is inattentiveness to family and significant others who are, after all, their most important corporate assets. Friends and loved ones should be kept
informed and involved in the dream. Life is what happens while great plans are made. At the end of the day, the memories we value are never about technical accomplishments or consummated deals.
-- Good luck, Don Kelly
>> You Need to Know > >
--> "Your customer is not the consumer -- your customer is the manufacturer. Worry should be in pleasing him -- and let him worry about the consumer. --> Learn the manufacturer’s problems and his needs -- and design products with that knowledge in mind." - Harvey Reese
-- "To Beginning Inventors" --
-- "Licensing To Large Companies" --
-- "Benefits of Licensing-In" --
-->> Actions to Take <<--
-- "Companies Don't Accept Confidential Idea or Invention Submission | IPWatchdog.com" --
-- > "Many companies require an issued patent, or at least a pending patent application. Over and over again they recommend that you at least file a patent application prior to submitting in order to preserve your rights, and recommend that you contact a patent attorney."
Partial Quote, as example:"Therefore, please do not send to Benjamin Moore any creative or original materials such as ideas for products, or any other creative suggestions, ideas, concepts or other information. Our creative and marketing departments are continuously launching new product, packaging, and marketing ideas. Often, these ideas are in the developmental stage for years prior to actually being launched." ... "Benjamin Moore will, however, consider ideas that are covered by an issued patent. Please include specific information regarding your patent, including the patent number(s)."
-- Investing in the Power of Direct Response T.V. --
"www.lenfestmedia.com" -- Why Inventors & Product Owners Partner With Lenfest Media Group --
-- -- Thought of the day --
-- "Being defeated is only a temporary condition; giving up is what makes it permanent." -- Marilyn vos Savant,
Author
-- What do most inventors wish for? They wish for reaching the Pot-of-Gold.
-- And where is that Pot-of-Gold? It's at the End-of-the-Rainbow.
-- - "BooksForInventors" - --
-- Dr. Phil's Advice -- "Dr. Phil suggests that any inventor ask himself/herself these questions before pursuing an idea:"
-- -- Did I forget something? --
-- Who really said? ::
-- "You can't build a reputation on what you are going to do."
a)-Henry Ford b)-Mae West
c)-Bill Gates d)-Barack Obama
-- Aboard a late flight plane was a woman who was trying to get a little sleep before arriving at her new destination. -- Sitting next to her was this overly obnoxious man who kept her awake by talking and ignoring her apparent wishes to sleep.
-- "I'll tell you what?" he said, "Let's play the game, Riddles. - You tell me a riddle and if you stump me I'll give you $500.00 and then I'll ask you a riddle, and if you don't get it, you pay me only $5.00."
-- She thought for a moment and said, "What goes up the hill on four legs and goes down the hill on three legs?"
-- He sat there and looked puzzled. He couldn't think of an answer. He then googled the question on his laptop: There was no answer.
-- [She turned from him to take her needed 'shut-eye.']
-- He continued to explore the answer. He phoned his friends. No one had ever heard of that riddle. He called as many people as he thought could help him? -- Nothing!!
-- "All right, - here's your five hundred dollars. - What goes up the hill on four legs and comes down the hill on three legs?"
-- "I don't know? - And here's your five dollars.. And shut up and leave me alone!!"
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-- "Small business - Small Business and Intellectual Property - U.S. Patent and Trademark Office - USPTO Stopfakes.gov" --
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-- An Exception to the Rule --
-- "In preparing for battle I have always found that plans are useless, but planning is indispensable."
Dwight D. Eisenhower
-- "How Fast Can You Learn? - Forbes.com" -- "If collective wisdom is what you want, Joy's Law covers that, too. Here's a great idea from Gary Hamel in his new book, The Future of Management. Why not create a prediction market and let your employees, suppliers and customers buy "shares" in new product offerings? Why let just your CEO or marketing VP decide which new products to launch? Prediction markets repeatedly beat the experts and polls in elections. Can they do the same for new products? Who is willing to try?