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Inventors and Businesspeople

Bryan James

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Time and again I see entrepreneurs who are brilliant and creative inventors, but suck at business management. They will create something brilliant or highly in demand and immediately try to turn their single product, or few products, into a business. This tends to get them way in over their heads. An alternative approach for fastlane success for these gifted inventors who lack business prowess would be to invent something you feel will grab people's attention and affection (and money), patent it, and sell the patent to a large and successful company. This approach, in my opinion, could make a millionaire a lot faster than going the building-a-business path. Then again, if you are good at both invention and business, go for that. Your thoughts?
 
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Timmy C

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Licencing is a very interesting approach and can be very profitable.

I am reading up on the subject at the moment.
 

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