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6 Lessons Most Entrepreneurs Only Learn On The Street

Startup Professionals Musings

You may think that patents and copyrights are not required, since your products are so innovative, but you will find that competitors are quick to copy your idea if you don’t protect it. Although Elon Musk doesn’t talk about it very much, he owns over 350 patents through Tesla, just one of his many companies.

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7 Incentives For Testing Your Startup Marketing Early

Startup Professionals Musings

I’m not suggesting that a startup should ever disclose patent details to others before filing, but I can’t imagine why a startup would not seek visibility and feedback for their idea and solution while they could still make changes with minimal cost. You can’t get any word-of-mouth or media activity by hiding.

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10 Key Business Founder Checks Needed Before The Plan

Startup Professionals Musings

You need intellectual property , such as a patent, trade secret, or process expertise that will be a barrier that you can defend. Assess your connections, both social media and financial. New business creators often defeat themselves by neglecting their physical, mental, and emotional health.

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7 Reasons To Avoid Stealth Mode For Your New Venture

Startup Professionals Musings

I’m not suggesting that a startup should ever disclose patent details to others before filing, but I can’t imagine why a startup would not seek visibility and feedback for their idea and solution while they could still make changes with minimal cost. You can’t get any word-of-mouth or media activity by hiding.

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7 Goodwill Factors Will Raise Your Business Valuation

Startup Professionals Musings

To maximize this value, start now in taking a visible and active role in your industry and community. With today’s worldwide Internet and social media, your brand impact is not set by what you say, but by numbers of followers, influencers, and satisfied customers. In my view, that was their key to the early goodwill they needed.

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6 Guidelines On How And When To Use Non-Disclosures

Startup Professionals Musings

Get an NDA before detailed patent disclosures. Entrepreneurs should never disclose the details of a planned or current patent application to any outsiders, until after a non-disclosure or other contract has been signed. Some entrepreneurs avoid the patent process, since patent details become public once a patent is issued.

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5 Tips To Keep Your Startup Productive, Not Just Busy

Startup Professionals Musings

For example, you may feel you are saving money by doing all your own administrative work and monitoring social media feedback. There are complex processes, like filing a patent, and financial tools that may be new to you, including Excel and Quickbooks. Prioritize your tasks ahead of helping others with theirs.

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