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Don't File That Patent Yet. File A Provisional Patent Application First.

Speed to market is paramount today. Whether you are a creative person, inventor, entrepreneur, startup, medium-sized enterprise, or Fortune 500 company, there’s no doubt that filing intellectual…

How Your Business Can Survive In A Copycat World

If you invent a great idea for a new product, others will copy you. It’s just a matter of when. That’s guaranteed. Whether your company is small or one of the largest in the world does not matter.…

Stop Taking Business Advice From Your Patent Attorney

When I shared my first ‘big’ idea with my Silicon Valley patent attorneys, they absolutely loved it. I would never be able to count all the income it would generate me, I remember them saying. So,…

In Today's Market, Do Patents Even Matter?

Sometimes. It all depends on your business objectives. In some industries, patents are absolutely critical. But in far more they are not. It’s a well-known fact that a vast majority of patents are…

Why Your Small Size Is an Asset -- Not Something to Overcome

Last week, the Wall Street Journal published a fascinating and deeply reported article about how startups around the world are beating global consumer goods companies. In "Outfoxed by Small-Batch…

How to Stand Out From the Crowd and Cultivate Passionate Fans

In today's world, loyalty often seems to have gone out the door. No wonder: Online, everyone is screaming, "Listen to me!" "Watch me!" "Buy my product or service!" It's enough to send consumers…

The Magical Power Tim Ferriss Taught Stephen Key Over Cocktails

In order to design your life on your own terms, you're going to need help from others. And as part of this, you'll need to learn how to approach people who have done something similar to what you…

Design the Life of Your Dreams Using These Simple Tips

Years ago, my father shared a simple bit of wisdom with me that you’ve probably heard before: Life is too short, he said. Too short to do something you're not passionate about, that is. My father…

Jimmy Kimmel Struck Back at a Detractor on Social Media -- Should You?

Keeping your ego in check is easier said than done. For a great example of what I mean, consider Jimmy Kimmel's actions last week, after he delivered an emotional 10-minute-long plea to strengthen…

From Bartender to Inventor: How to Turn Your Day Job Into Passive Income

Late one night in 2010, at a drinking hole in his Michigan hometown, Lansing, David Fedewa remembers, he was staring at the bartender filling up pitchers of beer when the thought dawned on him: He's…

Good News, Inventors! Quirky Has 'Re-Invented' Itself, Pursuing Licensing Deals for Inventors

Who is capable of coming up with the next clever pet item, fun toy or must-have kitchen tool? You, potentially, if you’re so inclined. As consumers, we have power and insight. We know what we like…

Can Even Small Companies Have an Impact on the Environment? Yup, These 2 Have.

Can small businesses improve global environment problems? Yes, and to a far greater degree than you might imagine. It's simple: Small businesses exist because passionate, hard-working individuals…

Not Crazy About Public Speaking? Few of Us Are. Here Are 7 Pointers to Help.

Selling today is all about giving back to your customers, and customers prize transparency. One of the ways I give back to my community -- and strive to be transparent -- is through public speaking…

8 Steps to Building a $3 Million Hair-Care Brand Using Social Media

Today, thanks to social media, you don't need an enormous ad budget to communicate with your customers. You can reach them organically -- if you understand who they are and what motivates them. Take…

The Simplest Ideas Can Be Extremely Profitable. Here's Proof.

Does the licensing lifestyle sound too good to be true? It might. But, if you're creative and you hustle, you can pitch and rent out your ideas for consumer products to companies with global…

Happy Anniversary, Joy Mangano! Why This Entrepreneur Has Thrived for 20 Years.

The Huggable Hanger, the Miracle Mop and the Jewel Kit: In the inventing world and the shopping world, Joy Mangano is a true icon. To date, she has sold over 800 million Huggable Hangers, and that…

Hasbro-Indiegogo Partnership Celebrates the Benefits of Open Innovation

Open innovation takes many forms. One of the most exciting examples to hit my desk of late is the Next Great Game Challenge, a partnership between Hasbro, Inc. and Indiegogo that resulted in two…

What Your Kids Will Be Playing With Next Year: Toy Fair 2017, a Product Recap

The last time I was at Toy Fair in New York City, I was pitching products and visiting a licensee, Ohio Art, which back then was launching the Michael Jordan Wall-Ball. The Wall-Ball had been my…

The Secret to Coming up With New Ideas

To become successful at anything, you've got to practice discipline. You must do something over and over and over again to do it extremely well. And being creative is no exception. For James…

4 Amazing Products from CES 2017

My first day at CES was insane. I saw so much technology at CES, it was mind-numbing. This show is an overload -- in the very best way. It’s a mob! I don’t know what took me so long. If you’re not at…

How Licensing-'in' a Brand Can Wildly Grow Your Product Business

For many years, I licensed out my ideas for new products to companies that were better equipped to bring them to market. When I came up with an idea I thought was good, I'd show it to companies that…
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