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F. Licensing issues. Some inventions require research into existing licenses and also obtaining of licenses.
G. Proposing to companies and approaching companies for promotion of final product. The correct methods of approaching interested businesses and investors.
H. Royalties and advance payment options. Without knowledge of these issues, investors may very well lose money in long run.
I. Checking existing patents, trademarks and copyrights. No sense inventing something already protected by another.
As with any other type of business (and inventing something is, overall, a "business venture"), much work needs to be done, before, during and after process of invention. Everything from correct market research, to correct patent processes, trademark and copyright information much be established, and successful inventors proceed slowly and carefully during each stage of invention process. Also, successful inventors are very determined and patient. Many failures usually occur with each product before an "invention success" take place, so having an easy going, dedicated personality is necessary as well.
Although tons of books and other materials exist on proper procedures to follow, a future inventor can also save money on materials, and save time by visiting United States government sites specifically set up for needs of inventors and creators of products/services. These sites are:
The United States Patent and Trademark Office: http://www.uspto.gov The United States Copyright Office: http://www.copyright.gov
If you prefer to buy a book or report on how to successfully bring an invention to market, a simple search online will reveal literally hundreds of such materials.
As with any business venture, future inventors that are knowledgeable and armed with "tools" necessary for successful invention, do their "invention homework", and back up their efforts with funds needed, will more often than not produce an invention that works, is needed, and best of all, "sells". After all, what better reward than knowledge that consumers were so thrilled with an invention that they would gladly pay for it???
Vishal P. Rao is the owner of http://www.home-based-business-opportunities.com - One of Internet's leading website dedicated to starting, managing and marketing a home based business.