Your number one investment
Your number one investment
So how do you protect your ideas? Your ideas are part of your intellectual property. Intellectual property is built and accumulated by every successful business whether it's operating in the new economy or a traditional business. Michael A. Lechter, RICH DAD'S advisor opined," Intellectual property covers a broad gamut of intangible assets". Such assets also include patents, copyrights, goodwill and trademarks.
Can small business realistically compete in the marketplace with big business? ABSOLTUELY. By having a unique product or specialized knowledge or expertise, small business within their niche, can convert ideas and effort into money. In other words, through its intellectual property small business can profit.
The following are step to changing your number one investment to money:
Record every idea you have. Generate a list of those you have had in the past or ideas you currently have about new products, inventions or ways of doing things better.
Look for sources to generate additional ideas-hobbies, in the workplace, at home or church, or when entertaining or being entertained. Exercise your imagination. Don't discount any idea, no matter how silly or impractical it seems. Add these new ideas to the list you have made.
Evaluate each idea on the list by answering the question, "Does this idea or potential product/service solve a problem?" People assign a great deal of value to ideas that provide a solution to a problem, and they are willing to pay handsomely for these solutions.
Make your ideas work by turning them into practical products or services.
Convince others of your idea's worth. Read trade or industry specific journals to find companies who may be looking for a product such as yours.
Prepare in advance for your presentation. Plan what you will say and the information you will present.
Be persistent. Even if you are turned down many times, don't get discouraged by rejection. Every refusal gets you one step closer to success; so learn from each one.
Your number one investment - To learn more about this author, visit richard mcgregor's Website.
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Every one has ideas, inventions, and dreams but only a few people ever make any money from their thoughts. Although people generate millions of them each year, most of these ideas do not make money. Why? Because most people are not willing to put their ideas into practice nor take the time to follow-through with the planning, design and implementation necessary for success and eventually money. Your ideas are your number one investment; a never-ending reservoir of creative wealth and the building blocks of any business. Therefore as a creative being, it's important to protect your number one investment; your ideas. REMEMBER: YOUR THOUGHTS ARE YOUR WEALTH, so protect your number one investment as you change your thoughts and effort to money.
So how do you protect your ideas? Your ideas are part of your intellectual property. Intellectual property is built and accumulated by every successful business whether it's operating in the new economy or a traditional business. Michael A. Lechter, RICH DAD'S advisor opined," Intellectual property covers a broad gamut of intangible assets". Such assets also include patents, copyrights, goodwill and trademarks.
Can small business realistically compete in the marketplace with big business? ABSOLTUELY. By having a unique product or specialized knowledge or expertise, small business within their niche, can convert ideas and effort into money. In other words, through its intellectual property small business can profit.
The following are step to changing your number one investment to money:
Record every idea you have. Generate a list of those you have had in the past or ideas you currently have about new products, inventions or ways of doing things better.
Look for sources to generate additional ideas-hobbies, in the workplace, at home or church, or when entertaining or being entertained. Exercise your imagination. Don't discount any idea, no matter how silly or impractical it seems. Add these new ideas to the list you have made.
Evaluate each idea on the list by answering the question, "Does this idea or potential product/service solve a problem?" People assign a great deal of value to ideas that provide a solution to a problem, and they are willing to pay handsomely for these solutions.
Make your ideas work by turning them into practical products or services.
Convince others of your idea's worth. Read trade or industry specific journals to find companies who may be looking for a product such as yours.
Prepare in advance for your presentation. Plan what you will say and the information you will present.
Be persistent. Even if you are turned down many times, don't get discouraged by rejection. Every refusal gets you one step closer to success; so learn from each one.
Your number one investment - To learn more about this author, visit richard mcgregor's Website.
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Leanne Hoagland-SmithAre your sales where you want them to be? Will you be one of the few who achieves sales or business success or one of the many who have failed to change? Are you tired of being told you are like everyone else? Then you may find my first book on sales of interest. Be the Red Jacket in the Sea of Gray Suits, The Keys to Unlocking Sales available at Amazon or at http://www.processspecialist.com/red-jacket.htm. This book is a reflection of my no-nonsense approach to improving sales to overall business results. If you are truly committed to making sustainable changes, then I can help you secure a positive return on your investment because I focus on executable solutions not telling you the problems you already know you have. From training to corporate (group) coaching to executive one on one coaching, my approach is to assess, create awareness, build a goal driven action plan and then execute. The bottom line question is "Not do you or your employees know it, but do you or they want to do it?" Please call for a free strategy session at 219.759.5601. - Visit Leanne Hoagland-Smith's Website |
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