Posts

Showing posts from 2022

May 2022

          The best way to make your dreams come true is to wake up. —Paul Val é ry We now have our own dream catcher .   It’s a book, Inventor Confidential: The Honest Guide to Profitable Inventing , that tells inventors how to keep the nightmare of empty promises from ruining their sweet dreams of financial success.   The author, Warren Tuttle (independent contractor for external open innovation, Lifetime Brands; past president, United Inventors Association of America), kindly summarized his book for us.   The first half of the book is about product development, the second half is about what interferes with financial success. There are two ways to bring an invention to the marketplace: indirectly (by licensing (ie, renting) or by selling the invention to others who bring it to the marketplace) or directly (by arranging for all of the steps yourself: production, tooling, landbridging, shipping, warehousing, fulfillment, sales teams, orders, collecting money, reinvesting money, e