How to Market and Protect Your New Ideas

Written by Neil Armand


The intellectual property transfer market is now estimated to be worth over $100 billion. If you have a new idea, a patent or an invention, you may be able to license it or sell it for millions of dollars. Many Fortune 500 companies are now making their intellectual property available for sale or licensing at new online intellectual-property exchanges. These companies are trying to maximize their return on research and development investment and generate a new source of revenue by licensing their unused and underutilized inventions to others.

A number of online forums, including Minnesota-based NewIdeaTrade.com (http://www.newideatrade.com ), California-based Pl-x.com (http://www.pl-x.com ), and Connecticut-based PatentTriage.com (http://www.patenttriage.com ) now link buyers and sellers of intellectual property. The traditional transfer of intellectual property is complicated, costly, and can take up to one year. However, these online forums simplify and speed uprepparttar process for transfer of new ideas.

The Internet currently reaches more than 560 million users aroundrepparttar 104113 world. This makes innovators’ potential for exposure much higher than with traditional forms of media. The worldwide online commerce has reached $2.2 trillion in 2002 and is expected to reach $6.8 trillion by 2004. The innovators today can leveragerepparttar 104114 massive reach ofrepparttar 104115 Internet and promote their new ideas torepparttar 104116 global market without substantial marketing costs.

The Real Truth About Working Smarter, Not Harder

Written by Lorraine Pirihi


Running a business or department can often stretch you torepparttar limit.

To be effective at doing what you do best, it's imperative to look at what tasks you can either delegate or outsource.

Delegating

This is an interesting word. For some people it means completely letting go of their responsibilities and getting someone else to dorepparttar 104112 work. Now that's all well and good providing that you train that person on how you've been handling those tasks. Show them how it's been done first.

For many business owners and managers, delegating means completely abdicating all responsibility for a particular task to somebody else without showing them how. They expect that person to know…immediately.

Well, forget it. No wonder you often hear people say, "I tried to delegate that task but no-one was as good as me at doing it!" Or "I just couldn't findrepparttar 104113 right person who was capable of taking on those responsibilities".

That's an interesting comment. Often people are given responsibilities for which they have had no training in and are then expected to know how to carry out those duties. A great example of this is when a person is promoted to manager/team leader and he/she is automatically expected to know how to manage themselves and their people.

Coming In Fromrepparttar 104114 Outside

How aboutrepparttar 104115 new kid onrepparttar 104116 block who comes in to take uprepparttar 104117 reins in a position, which has already been vacated. They're expected to runrepparttar 104118 department or business as if they've been working inrepparttar 104119 company forrepparttar 104120 past three years!

Outsourcing

When your car needs to be repaired do you spend hours trying to fix it or see a mechanic who takes two hours?

Do you do your own tax return or have an accountant prepare it for you?

If you need a new assistant do you place an ad inrepparttar 104121 paper, spend hours interviewing people or have a recruitment company do allrepparttar 104122 ground work and send yourepparttar 104123 top three applicants?

Why waste your precious time on tasks which will do exactly that…waste your precious time. And time is money!

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