Category Archives: Culling ideas

New Inventor Startup Kit

When I conceived my idea for a thin, flexible wallet invention in 2002, I was very excited about the potential of my invention. But, I had no clue what I should do first. So I found a patent attorney and … Continue reading

Posted in Capital risk, Culling ideas, Focus, Footprint, High profit margin, Invention, Keystone pricing, Licensing, Paths for your product, product pricing, Risk versus reward, Shelf space | Leave a comment

Your Invention: Fail Early and Fail Fast

You have an idea for a great new product. Now what? What you choose to do next is key to your success (or lack of it). Here are your first three steps: Do your own free patent search on uspto.gov … Continue reading

Posted in Career success, Critiquing ideas, Culling ideas, Invention, Invention failure, Patent Search, Patent strategy, Patents, Product development, Product success, Prototypes | Tagged , , | Leave a comment

Inventing Success: Situations and Solutions – Moving Forward, Part I

Want to take on a challenging and risky business venture? Great, become an inventor! Typically, less than 3% of all patent holders every profit from their inventions. Inventors who choose to launch their own business venture around their product will immediately face … Continue reading

Posted in Culling ideas, Ideas, Invention, Keys to Success, Lambert & Lambert, Licensing, Paths for your product, Quirky.com, Strategy | Tagged , , , , , , , | 1 Comment

Inventing Basics: Too Many Ideas – Too Few Products

Many new inventors suffer from a common malady: Too Many Ideas – Too Few Products  I have touched on the subject in a variety of ways in prior posts. In essence, the problem is that many inventors approach inventing and … Continue reading

Posted in Critiquing ideas, Crowd funding, Culling ideas, Financing an invention, Ideas, Invention, Keys to Success | Tagged , , , , | Leave a comment