Going green is a trillion dollar industry propelled by the energy independence and global warming. The scale and growing pace of the "green collar economy" creates opportunities for your business to grow revenues, enhance your brand and save money...
Boost online retail sales by focusing on abandoned carts. This has become a big issue for retailers that do a good job of luring customers and getting them to fill their carts but then fail to complete the sale. Fewer than 3%...
Yes, Small business owners think fast. They're much more in a position to move very quickly in terms of how they align their resources. They're used to doing that anyway, in good times and bad. It goes back to the reason they got into it in the first place--passion
Online reail sales will sar 17% in 2008 to about $200 billion. Then growth will slow and level off at 10% per year by 2012. The number of shoppers will rise only 2% a year but they will buy more and some much more. Half ...
Hire your kids for additional tax benefit. If you own a business you can hire your children and fully deduct thier pay. If you are unincorporated and has no owners other than you and certain family members and ... Read More
|
||
It has been said that a good idea is worth a lifetime of pursuit. Thomas Edison said, genius is one percent inspiration and 99% perspiration. Chances are, your great idea has also occured to someone else. It's the act of taking action that will separate you from the rest of the pack.
Many inventors believe the first step is a patent. The fact is that only 2 to 3 percent of all patented products ever make it to market and a patent will cost $5,000 or more. So unless getting a patent is your goal clearly it doesn't make sense at first. First, you must research your target market, build a protype and evaluate a manufacturing process. You should first determine the viability of your invention as a business before moving forward.
Many inventors belive their idea is worth millions but this is highly uncommon and it is important to establish realistic expectations before moving forward. For as many Julie Aiger Clarks there are (the inventor of Baby Einstein ended up selling her million-dollar company to Disney) you'll will find countless more businesspeople who've found success on a smaller scale. That's not to bring down your enthusiasm, because there are an abundance of ideas out there worth $10,000, $40,000 or even $100,000. Study the process, set realistic expectations, take action, work hard and you can find success - especially if you have multiple marketable ideas.
Rembember, The idea doesn't have to be big. It just has to change your world. Everybody is creative - you were given a box of crayons in kindergarten. Plan on tapping into those creative-thinking abilities as you proceed. Giiven a choice between two alternatives, always pick the third!
