Category Archives: Risk versus reward

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

5 Behaviors of Successful Inventors

What is the difference between an attitude and a behavior? Over many years, I have observed that successful inventors exude different behaviors from wannabe inventors. Successful inventors: Embrace risk in a healthy, balanced way Accept criticism with an open mind Turn … Continue reading

Posted in Attitude, Behaviors of success, Criticism, Entrepreneurial rollercoaster, Invention, Make the best deal you can, Mission Driven, Pursue your passion, Risk versus reward, Setbacks | 1 Comment

Inventing Success: Two Paths

Many things about inventing seem to be Gordian knots. So, let’s keep it a bit simpler in this blog post: there are two paths to success as an inventor: Build a business around your product License your product and collect a … Continue reading

Posted in American Dream, Australia, Career success, Invention, Licensing, Paths for your product, Risk versus reward | Leave a comment

2016: Thoughts on Inventing in the New Year

It is a new year, a great time for reflection and to consider your goals and objectives for 2016. This could be a great time to get to work on your product idea: the one that has been bouncing around … Continue reading

Posted in American Dream, Ideas, Innovation, Invention, Persistence, Product success, Risk versus reward, Sacrifice, Visualize your success, Why inventors succeed | Tagged , , , , , , | Leave a comment

The American Dream: Myth and Reality, Part II

In the prior post, The American Dream: Myth and Reality, I discussed two premises regarding the American dream: Premise 1: It should be Easy to Earn a Lucrative Living Premise 2: Those willing to Take Risk and Work very Hard May Achieve … Continue reading

Posted in American Dream, Big success, HSN, Ideas, Keys to Success, Myth of easy success, Paths for your product, Perceived market value, Persistence, Problem-solvers, QVC, Risk versus reward, Shark Tank | Tagged , , , | Leave a comment

The American Dream: Myth and Reality

There is much talk and a plurality of articles playing the dirge of death: the American Dream is dead. This recent article from Atlantic magazine is a typical example. If the American Dream is equated to an easy way to … Continue reading

Posted in American Dream, Ideas, Keys to Success, Law of supply and demand, Myth of easy success, Risk versus reward | Tagged , , | 1 Comment