Tag Archives: Why inventors fail

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

No-No’s for New Inventors

Much is written about what inventors should do to be successful. But, equally important is what inventors should avoid doing to be successful: inventor no-no’s.  Below are three no-no’s every inventors must avoid to achieve success. No-No 1: Rushing out … Continue reading

Posted in Ideas, Innovation, Invention, Invention failure, Invention marketing companies, Licensing, Patents, Why inventors fail | Tagged , , , , , | 1 Comment

How Not to Kill Your Licensing Deal

You presented your innovative new product to a manufacturer and great news, they are proposing a licensing deal to you! Congratulations! Inventors often spend years attempting to license their product unsuccessfully. Now don’t kill the deal before it is done! … Continue reading

Posted in Innovation, Invention, Invention failure, Licensing, Royalty rates, Why inventors fail | Tagged , , , | Leave a comment

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

In the previous blog Situations and Solutions – Moving Forward, Part I, I described a couple of solutions or paths forward for a person with lots of ideas and no (or very little money). Let’s consider a different scenario and potential … Continue reading

Posted in HSN, Ideas, Indiegogo, Invention, Keys to Success, Kickstarter, Licensing, Paths for your product, QVC, Strategy, Wow factor | 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: Three Key Pitfalls You Must Avoid to Succeed

Many promising inventions fail to achieve success in the marketplace. Why? There are many reasons. In today’s blog, I want to discuss three key pitfalls that can and must be avoided for an inventor to achieve success with his or her … Continue reading

Posted in Ideas, Invention, Invention marketing companies, Investors, Keys to Success, Licensing, Royalty rates, Strategy, Why inventors fail | Tagged , , , , | Leave a comment

Near Zero: Tragic or Magic?

Entrepreneurs must be prepared to take risks, sometimes spectacular risks. Billionaire technology mogul, Elon Musk, famously accrued $165 million from the sale of his share of PayPal to eBay. He then invested virtually all of it into three speculative ventures: … Continue reading

Posted in Career success, Invention failure, Keys to Success, Near Zero, Persistence, Resourcefulness, thriving in chaos, Why inventors fail | Tagged , , , | Leave a comment

Have a Great Idea? What to Do Now?

Every great invention begins first with an idea, an aha moment. Dealing with problems often points to unexpected opportunities. Not surprisingly, many invention ideas are solutions to annoying problems. Now that you have your aha moment, your great idea, what … Continue reading

Posted in Career success, Innovation, Invention, Invention failure, Keys to Success, Marketing, Patent Search, Patent strategy, product pricing, Success rates, Why inventors fail | Tagged , , , | Leave a comment

Invention Basics: 2 Myths and 2 Maths

Like most businesses, invention has its myths and its maths. Myths are beliefs that, while intriguing and enticing, simply are not true – they are myths. Maths are the opposite of myths; they are concepts that are intrinsically true, but, far from … Continue reading

Posted in Career success, Innovation, Invention, Invention failure, Keys to Success, Marketing, Patent Search, Patent strategy, product pricing, Success rates, Why inventors fail | Tagged , , , | Leave a comment

Leveraging the American Dream, Part 2

In the previous post on Leveraging the American Dream I addressed a key challenge affecting lower and middle-income workers: they have no effective leverage to obtaining higher wages. The hourly worker may indeed work more hours, but they cannot work 24 hours … Continue reading

Posted in American Dream, Career success, Hourly workers, Invention, Keys to Success, Leverage, Perceived market value, Salaried workers | Tagged , , , , | Leave a comment