Failure To Act

Ninety-seven percent of all patents never make any money. Yes, 97% of the new ideas never become real products according to the article of the same title at allBusiness.com.

And the cause is this: failure to act.  Apparently the majority of the inventors failed to find out how to make their products or how much it would cost to make their products.  And their ideas stop there.

Doubtful if that is what the inventors want, just to have a piece of paper on their walls enshrining their ideas.

Their inventions have new purposes/ utilities.  And the patents are only supposed to protect their intellectual properties (i.e. the inventions) for a limited period. If they fail to take advantage of this time to market, their ideas become missed opportunities.

And apparently lot of new ideas (97%) died without being acted on.

Dead in the water.  What a shame!

Advertisements
This entry was posted in awareness, Goals, work and tagged , , , , . Bookmark the permalink.

2 Responses to Failure To Act

  1. Take the idea to the patent office and pitch it to shark tank. Lol

    Like

Have You Got a Buddha Moment?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s