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  1. Yoda

    Idea > Profit

    IDEA 
    Day 8: No Time To Lose! Spent some time reading around yesterday so I could further my understanding of what to do next; I'm not about to waste 30 days while we wait for the USPTO. Since this is my first time in the patent/licensing game, knowledge overload was a must. Also purchased "One...
  2. Yoda

    Idea > Profit

    IDEA 
    And all future iterations, so long as I keep making improvements, yes. It's called a "continuation-in-part" (CIP) which basically allows you expand on your original use, so long as it's not too far a stretch. This was key to the "monopolizing" the idea, essentially (or so I understand)...
  3. Yoda

    Idea > Profit

    IDEA 
    There are essentially two different patent types: Design and Utility. Think of a design patent as in the way something is, aesthetically. The way it looks. Take a salt grinder, for example. There are probably thousands of different looks and feels to the object. Made of wood, round. Made of...
  4. Yoda

    Idea > Profit

    IDEA 
    Day 7: Status Update Had another long call with the patent attorney. Looks like we're a go. In fact, we're going for a utility patent (we originally looked at just a design patent). There were a couple options he laid out, so for those just reading for learning's sake (I'm learning as I go...
  5. Yoda

    3 Activities Every Successful Entrepreneur MUST Do Religiously

    I can help you with your problem for just $999/month, no sign up fee [but only if you act now]. I'll even include my infamous "Top 3 Things You MUST Do Every Day (Or You WILL Fail)" to help you succeed. It's a no bull, no explanation method to the madness we call the "Hustle" in my dojo...
  6. Yoda

    Idea > Profit

    IDEA 
    I am the student. Goal: Profit $1 or more in two years or less Process: Idea > Patent > Design/R&D > Market Interest > Sell Product/License Product: Took an existing product, and simply made it better Story: Had an idea about 3 or 4 weeks ago, and it was one of those, "Man, I need product...
  7. Yoda

    How to Lower Cholesterol?

    HEALTH 
    The fastest way to reduce your cholesterol is eating strictly fruits and vegetables, especially through juicing. 7-10 days would be plenty enough to jump start, and with the addition of fruit (which I don't see you currently have on your menu) will aid in the loss in energy. Also, take a...
  8. Yoda

    It's too hard! I quit! I'm done!

    The worst part is... the upper echelon is not even in trouble yet. If they're paycheck-to-paycheck now... they're still afloat. Imagine when the House of Cards falls and the income isn't there. One of the greatest failures of our schools today is not teaching basic financial principles...
  9. Yoda

    I don't want to contribute to an IRA. Am I nuts?

    INVESTING 
    @eliquid hit the nail on the head about paying debts first. Next, I'm going to act like I didn't just read the maniacal tax evasion looney toons. Now to add... When you pop money into an IRA or equivalent to avoid paying the tax this year, consider... what will the tax rate be when you do...
  10. Yoda

    Has anyone in physical product sales actually got a profitable website?

    HOT! 
    The answer to this is an obvious yes. But it's the wrong question. WHY are their websites profitable? Is it design? Is it their amazing social profiles referring traffic? Is it all organic search? Maybe it's a website which, over time, has pooled masses of emails for sales? Maybe it's a...
  11. Yoda

    Rep bank $0? How it mimics your real life bank.

    GOLD! MINDSET 
    Did it, though? Did Blake not give, give, give, then suddenly receive, receive, receive, receive, receive, receive, receive, receive, receive? Seems like he made out pretty well if you ask me.
  12. Yoda

    Rep bank $0? How it mimics your real life bank.

    GOLD! MINDSET 
    I am the richest because I give it all away.
  13. Yoda

    Does what you do make CENTS?

    NOTABLE! EXECUTION 
    Blogging (3.5/5) Control (.5) - I can control my website, and all its content. I can control prices of my offer. I can't control where Google puts me. Entry (1) - Actually getting good and understanding everything about blogging is not easy. Many come, many leave. Few win. Need (1) - In the...
  14. Yoda

    Negotiation Tips/Resources/Books You'd Recommend?

    Give yourself options and be ready to step away from all of them. Don't get emotional.
  15. Yoda

    What do you drive?

    OFF-TOPIC 
    This was me in my 1980 Luke BP (backpack), Model S (Skywalker Edition). Had about 3 billion light years on it when I traded it in.
  16. Yoda

    Why you should avoid business partners at all costs

    PEOPLE 
    How could you advise that? What if person A has a license or product which would take the market by the throat, but it isn't because of lack of execution? Person B would happily grab that situation by the you-know-what's and run with it. I know, because I've done it. You are looking for...
  17. Yoda

    Why you should avoid business partners at all costs

    PEOPLE 
    There are other reasons people take on partners, too. It's not always a growth play. Selling Equity For Capital -- Allows you to take money off the table for redistribution or retaining. Leveraging Distribution -- Allows you to tap into an existing audience, where both partners benefit...
  18. Yoda

    No News For a Week Challenge (Super Easy): Who's IN?

    HOT! MINDSET 
    It's for awareness. Like the "Ice Bucket" challenge. It was all about awareness and being mindful of the situation or environment you're typically ignorant to. This kind of challenge is simply being mindful what you are consciously and unconsciously taking in through media. Stopping your news...
  19. Yoda

    No News For a Week Challenge (Super Easy): Who's IN?

    HOT! MINDSET 
    When people ask about such and such item on the news, my response has been the same for over 5 years now.. "The what..?" I wouldn't have it any other way. I wish you much success and freed up cranial space.
  20. Yoda

    What was your biggest sacrifice?

    MINDSET 
    I had to sacrifice my ego. I had to let go of an old self where I cared about what people thought, when it never mattered. I had to let go of an old mindset where I thought I deserved something, when I didn't. I had to let go of being a perfectionist, when it only stunted my growth. I had to...
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