Friday, May 11, 2012

What to do with YOUR Ideas?

Advice from Lori Greneir

I have an idea for a product. What should I do?

Lori's best advice would be for you to research your ideas to see if there is anything exactly like it already out there in the market place that would be competitive. If there is not and you feel confident to proceed, we suggest that you talk to a patent attorney to see if you are able to procure a patent and to check that you are not infringing upon anyone else's patent.
Then she recommends doing some market research to see if your product appeals to a broad cross section of people before you invest a lot of money. You always want to make sure people will like it, want it and need it. If the answer is 'yes', just know that starting your business and bringing a product to life to sell to the marketplace will require a lot of your time and attention on a daily basis. You will need to have passion and perseverance. We wish you the best of luck and success!

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