I spent last weekend with the Nevada Inventor’s Association in Reno, Nevada. The organization, founded by Don Costar over twenty years ago, invited me to share my experiences and my knowledge about how to bring a product to market through licensing. The group was wonderful – attentive and engaged.
But after asking several members of the audience about their products and how far along in the development process they were after my speech, I began to question the seriousness of the group. It’s absolutely true that different products and different inventors move at different paces. But many of the individuals present seemed to treat their inventions as hobbies – they’d contentedly spent many years on the same idea, never having turned a profit. And that’s okay. Inventing can be a hobby. The meetings held by inventor’s groups can be social events.
But I want all of you to ask yourselves, what DO you want out of your product and out of inventing? It is just a hobby? It is a form of social networking? Is it a possible career path? Ask yourself, “How much am I able to invest financially? How much time do I have to devote?”
What are your expectations?
Know what you’re really after. And know that if you do want inventing to be more than a hobby for you, you can make that so. Take it seriously. Be dedicated. It’s one thing to dream. But it’s another, commendable thing to set goals and really go after what you want – to find a coach or mentor, to create a list of necessary steps and to start scratching off your accomplishments from that list! And if that isn’t what you want, consider taking up golf.
Stephen Key is a successful award-winning inventor who has licensed
over 20 products in the past 25 years. Along with business partner
Andrew Krauss, Stephen runs inventRight,
a company dedicated to educating inventors about selling their ideas
and the skills needed to succeed. You can and listen to the weekly radio show on inventing. Get In The News, list your invention to have media outlets find you for news stories.