WHY is The Secrets of Successful Inventors so important for inventors and entrepreneurs to achieve greater success?
The 1st four chapters cover the 5 things most successful inventors do before they spend much time or spend any money developing their new idea. Then the remainder of the book is a step-by-step guide so an inventor beats the 99.9% odds of failing to become one of the .1% of inventors to making a profit. Since the new entrepreneur knows what to do and when to do it the new venture gains traction quickly while the inventor is still extremely enthusiastic. This causes a domino effect that attracts the team, resources and capital needed to build momentum while achieving lasting success of their new product line.
WHAT is The Secrets of Successful Inventors by
The Secrets of Successful Inventors is a
how-to book that gives the reader real knowledge so
an inventor or any entrepreneur starting a new
business knows what to do to increase their odds of
success. Unlike most books or inventors help
organizations TSoSI provides useful tools and
guidance so a person applying the knowledge does not
waste years of time and ten’s of thousands of dollars
like I did on services that were not needed at the
time. Since there is a sequence to developing a product
that saves time and money an entrepreneur is
completing what’s important next so their time and
energy is not wasted.
HOW do your reads typically get started with
The Secrets of Successful Inventors on a step‐by‐step basis?
Each of the chapters are called action step. By completing the suggested action in each chapter an inventor and entrepreneurs are doing what they should be doing efficiently so they are prepared to quickly to receive the resources and capital required to make a profit.
Here is an example:
1st action step Putting Your Idea in Writing - This has entrepreneur writing down every new feature their product or service and then listing all the benefits of each feature. The action step then has them write a description of the new idea using 95% - 100% benefit language so the start working on conveying just what is in it for the end user. This step separates most entrepreneurs starting a new venture because the focus starts out on the benefits to the end user while helping to develop more clarity about their idea.
2nd action step is Patent Research –This chapter gives them the tools and guidance needed to successfully complete a thorough patent search. This is important because 46% of all patent applications are denied. Moreover, since the inventor completed the first AS they clarified and expanded what their inventions is so the 1st exercise helped them with this action step.
3rd action step is Research the Target Market and Competition - This chapter gives them the tools and guidance needed to successfully complete an initial market and competition study. Being able to put numbers to you market and state the competition is a must to be taken seriously by any season business person.
4th action step is The Business Plan - This step helps an inventor clarify their vision by helping them understand and see many aspects about developing their idea and whether the undertaking has a chance of becoming profitable.
By working the first 4 chapters an inventor or entrepreneur contemplating starting a new business has a solid foundation to make a decision to move forward or not.
Then the rest of the book is a step by step guide that helps them gain traction and attract the resources needed to be successful faster with less wasted money.
WHAT IF any of our viewers or listeners got started today with The Secrets of Successful Inventors… what would their life look like in say,
30 days? An entrepreneur will be able to convey their idea competently in a way excites and compels people to buy into the new venture they are starting. After meeting 1000’s of inventors I know 95% of them can’t do even after a year because they have not been told or understand how important it is.
90 days? After 3 months the entrepreneur should already be attracting the team and resources required. Plus, the initial design work should be started and depending on the complexity of the invention possibly completed.
1 year? After 12 months a team should be in place, working prototypes with tooling being completed for mass product runs, branding completed, route to market decided, first round of funding completed and working on second round.
How about 3 years? After 3 years they will be in revenues and profitable or at least be able to realistically project when the company will become profitable.
What are the specific ROADBLOCKS that typically prevent most inventors from getting started?
Almost everyone at some point in their life thinks of a brilliant idea although virtually no one tries developing them. This leads me to conclude the fear failure and looking foolish plus the lack of the proper knowledge combined the fear laden rumors both heard from naive sources along with their own imagination stop millions from trying. These are the reasons I wrote TSoSI so inventors will know whether to develop their idea before spending much time or any money and then if they do decide to move forward they know what to do and when to do it. This increases the odds of making a profit since the product gets to market with the resources required to sustain the marketing and distribution efforts.
What are the specific STRATEGIES that are like keys
to unlock “roadblock doors” to achieve wild success?
The strategies are simple; it is to give the tools and guidance necessary for an entrepreneur to move forward effectively so they make a profit faster with less wasted money;
What’s the first PHYSICAL ACTION STEP you’d want a viewer to take to get started with The Secrets of Successful Inventors? Go to my website http://TSoSI.com and buy a couple copies of my book for themselves and their loved ones. Then read it apply the knowledge, develop their idea and making a profit!!