Category Archives: Why inventors succeed

Inventors Hold the Keys to Success

Inventors work full time at their “day jobs” and nights and weekends spending time, energy, and capital hoping their inventions will someday “hit it big.” Yet less than 3% of patent holders ever profit from their inventions. Inventors hold the keys to success in … Continue reading

Posted in Career success, Innovate or deteriorate, Innovation, Invention, Keys to Success, Success rates, Thinking differently, Why inventors matter, Why inventors succeed | Leave a comment

3 Keys to Licensing Your Invention

There are many aspects to licensing your invention rather than building a business around your product. Prolific inventor Stephen Key has written many good articles on the benefits of licensing. Let’s instead focus more narrowly on 3 keys to licensing your … Continue reading

Posted in Attitude, Invention, Keys to Success, Licensing, Make the best deal you can, Why inventors succeed | Leave a comment

The Good Life – Successful Inventors

Everyone wants the good life, for themselves and their families. The frequently overlooked question is: what really comprises the good life? Is it about earning a high income or having wealth and a secure retirement? Is devoting time to family, friends, … Continue reading

Posted in American Dream, Annoying problems, Family and friends, Invention, Keys to Success, Licensing, Persistence, product pricing, Product success, Struggling inventor, The Good Life, Why inventors succeed, World's best job | Leave a comment

Cutting the Gordian Knot to Inventing Success

The Gordian Knot is a legend of Phrygian Gordium associated with Alexander the Great. It is often used as a metaphor for an intractable problem (disentangling an “impossible” knot) solved easily by loophole or “thinking outside the box” (“cutting the Gordian knot”). The iconic Gordian knot is analogous to the … Continue reading

Posted in Creativity, Focus, Focusing on the right problem, Focusing on the wrong problem, Ideas, Innovation, Invention, Marketing, Problem-solvers, Simple solutions, Surveys, Why inventors fail, Why inventors succeed | Tagged , , , , | 3 Comments

Consumer Electronics Show 2016 – Key Trends

I just got back from attending the 2016 Consumer Electronics Show (CES) in Las Vegas. Wow! The CES is the largest trade show in Las Vegas, featuring over 3,600 exhibitors and drawing over 150,000 attendees. From January 6 – 9 innovative … Continue reading

Posted in 3D Printing, Consumer Electronics Show, Innovation, Invention, Persistence, Virtual Reality, Visualize your success, Why inventors succeed | Tagged , | 1 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

Inventing as a Career

Many parents have heard these fateful words from their sons or daughters: Mom and Dad, I’m dropping out of college to become a ——— Fill in the blank with actor, rock star or inventor. All three endeavors have one common thread: … Continue reading

Posted in Career success, Creativity, Focus, Ideas, Invention, Keys to Success, Persistence, Resourcefulness, Strategy, Why inventors fail, Why inventors succeed | Tagged , , , , , | Leave a comment

Real World of Inventing

Very little is written about the real world of inventing. Many wannabe inventors love to do the following: Come up with ideas for new products Create working prototypes of our ideas Hope to find someone to “buy” the idea or invention To succeed as … Continue reading

Posted in Financing an invention, Ideas, Innovation, Invention, Keys to Success, Licensing, Patents, Perceived market value, Product success, Royalty rates, Strategy, Success rates, Why inventors fail, Why inventors succeed | Tagged , , , , | Leave a comment

Persistence Pays

It has been said so many times that it has become a cliche, but here it is again: if you want to succeed you must be persistent, very persistent. Persistence is a key element of all business success, but persistence … Continue reading

Posted in Big success, DRTV, HSN, Keys to Success, Licensing, Marketing, Persistence, Product success, QVC, Resourcefulness, Strategy, Why inventors succeed | Tagged , , , , , , , | Leave a comment

Inventors: Become Curious Observers

I have observed that engineers, accountants, architects and other professionals who put many long, hard hours not only into their profession, but into continuing educations to maintain their skills in the marketplace. Makes perfect sense: to succeed and advance in … Continue reading

Posted in Creativity, Ideas, Innovation, Invention, Keys to Success, Patents, Paths for your product, Problem-solvers, Product success, Strategy, Why inventors succeed | Tagged , , , | 1 Comment