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Entrepreneurship Lessons for Success (Collection)
book

Entrepreneurship Lessons for Success (Collection)

by Edward D. Hess Bruce Barringer Charles F. Goetz, R. Duane Ireland, Wes Moss
February 2012
Beginner
672 pages
17h 47m
English
Pearson
Content preview from Entrepreneurship Lessons for Success (Collection)

Truth 34. To patent or not to patent?

When it comes to inventing a product, like the new type of fire alarm described in Truth 33, “Intellectual property: What is it, and how is it protected?” the first thing you should do is get a patent, right? Well, maybe. Getting a patent is an expensive and time-consuming process. As a result, while there are many good reasons for getting a patent, there are several steps you should take before hiring a patent attorney and starting the process.

Steps to take before applying for a patent

First, as discussed in Truth 9, “Screening and testing business ideas,” you should test and screen your business idea to make sure it has value in the marketplace. A common mistake that business owners make ...

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Publisher Resources

ISBN: 9780133038965