Advice for Inventors
Nearly everyone has at least a dozen earth-shattering inventions up their sleeve. At least that's what they believe. But most who want to run with their ideas and make them profitable end up wasting a lot of time, especially as novices, on ideas that are already on the market or that few others want. It's important to work smart and fast as product developers so your focus is on the new, the needed, and the profitable. Here are five New Year's Resolutions that will boost your efforts and your results.
I recently attended my local Inventors Association (Inventors Alliance in Northern California) and noticed that Inventors kept asking Andrew Krauss (President of Inventors Alliance) about the differences between Manufacturing and Licensing a product. New Inventors were confused about what these terms meant and wanted to learn more about the factors to consider when deciding which way to go for their own product. So I thought I'd take a minute to discuss both options as this comes up all of the time in my workshops and classes as well.